Member Info for KlueLoss

Not listed

http://www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/nomad-search.html

They are listed as a 'joint broker' in RNS anyone know if they are a NOMAD for anyone else?

See BMR latest RNS

Barno the way this has played out is exactly what you would do if you just wanted to remove any and all value before cancelling the company listing, get remaining cash out etc... . If I am wrong then so be it but BMR are in very precarious financial situation and this latest extension request by JLP isn't going to help.

See latest RNS

Sweaty arse time boys and girls

Congratulations and thanks for getting both the spelling and capitalisation of my username correct. Feel quite honoured.

50p in the D head?

the positivity of VIG and BringMyReward comes to fruition.

Isn't there some confusion over what is actually happening about the meeting date? Is it going to be today or was the BMR RNS to say the any meeting was going to be helped at a later date? Who the F knows, just want to know one way or another what's happening.

AB also has midcap ambitions so I can imagine him and CB will be on the same page. See AB failed extremely strange bid for MTR. As a BMR shareholder I'm hoping for the best and preparing for the worst. JLP allowing us to sell shares outside of the lock in period was welcome in one sense but not the behaviour of someone looking for us to collapse, yet. I do wonder if this favour may have come at a cost within the JV terms which don't appear to be fully signed off as we wait for JLP to finalise whether or not they will build the plant . Hopefully by the end of this month the picture is made clear for all of us once and for all one way or another.

So my understanding is Star Zinc project is incorporated in the Enviro Zambia Limited JV co. with GLR owning 85% and BMR owning 15%. JLP own 29.01% of BMR shares and therefore have a 29.01% share of the subsidiary groups by virtue of that holding. Upon them putting the first £1m up in the Kabwe Operations Limited JV they will hold the rights over all of Enviro Processing Ltd. assets until/if BMR Group pay back "Jubilee Debt Finance" with interest which has been agreed will be paid from profit made through Kabwe Operations Ltd. The above is currently IMO.

Also BMR RNS 05.09.17 Pursuant to the previous announcement on 31 August 2017 regarding the signing of a term sheet to enter in to a joint venture agreement with Galileo Resources PLC ("Galileo") concerning Star Zinc, the Board is delighted to announce that on 4 September 2017, BMR, on behalf of its newly incorporated wholly owned subsidiary ("Enviro Zambia"), entered into an agreement with Bushbuck Resources Limited ("Bushbuck") to complete the acquisition of Star Zinc for a cash consideration of $1,000,000, of which a $130,000 payment has already been paid, resulting in a remaining consideration of $870,000. 'Newly incorporated' says to me that Enviro Mining Limited was a mistake in the GLR RNS. Also released by GLR same day Pursuant to the previous announcement on 31 August 2017 regarding the signing of a binding term sheet ("Term Sheet") to enter in to a joint venture agreement with BMR Group PLC ("BMR") concerning Star Zinc project (the "Project"), the Board is delighted to announce that it has been informed by BMR that, on 4 September 2017, BMR, on behalf of its newly incorporated wholly owned subsidiary Enviro Processing Zambia Limited ("Enviro Zambia"), entered into an agreement with Bushbuck Resources Limited ("Bushbuck") to complete the acquisition of Star Zinc for a cash consideration of $1,000,000, of which a $130,000 payment has already been paid, resulting in a remaining consideration of $870,000.

Yes, I don't think we can put any of the actions we are seeing down to sheer coincidence.

Same day as GLR released there version of the JV BMR RNS 31.08.17 Since expiry of the Option the Company has been reviewing funding options to enable it to complete the acquisition of Star Zinc from Bushbuck. The Board is delighted to announce that on 31 August 2017 the Company entered into a binding term sheet ("Term Sheet") with Galileo Resources PLC ("Galileo"), a UK focused resource company quoted on AIM whereby Galileo has agreed to conditionally advance to the Company $591,600 (at an interest rate of 12% per annum) which is intended to be used for the purpose of completing the acquisition of Star Zinc ("Acquisition"), through a joint venture (the "Joint Venture") to be established with Galileo.  The Term Sheet stipulates that Galileo will subscribe for a 51% equity stake in the Joint Venture through a newly created special purpose vehicle, to be named Enviro Zambia Limited, which will be financed by the cancellation of the aforementioned $591,600 loan. No mention of Enviro Mining Limited from BMR. Also read the financial reports released by BMR on 27.12.17 BMR accounts show 100% ownership of Enviro Mining, Enviro Processing and Enviro Properties. Page 47 of the Final accounts released on 27.12.17 Incorporated in the development assets is a fair value adjustment of £6,885,175 as a result of the acquisition of Enviro Mining Limited on 20 June 2011 and its two subsidiary companies, Enviro Processing Limited and Enviro Props Limited (together “Enviro Group”). The Enviro Group owns the leasehold rights and title to Stand 5187 containing the stockpiles at Kabwe and the contents of the washplant and leachplant tailings. No impairment has been made on the fair value this year on the basis that third party reports and internal evaluation of future income streams allied with the associated production costs generate net present values, using conservative discount rates, which are well in excess of the costs capitalised as development assets in the balance sheet. Page 51 of the final accounts released on 27.12.17 Enviro Mining Limited - Holdings Company 100% owned. Enviro Processing Limited - Tailings Processing 100% owned. Enviro Props Limited - Property Holding 100% owned. The Group holding of 100% in the Zambian subsidiaries is held as to 99% by Enviro Mining Limited and 1% by a nominee on behalf of the Company. The Group holding of 100% in the Mauritius subsidiary is held as to 95% by the Company and 5% by a nominee on behalf of the Company

The Mining right had been removed (7/2/18) by the time of that RNS so Blue Square would have been on the scene by then I would have to think. But agree that there are no innocent parties involved here and to those in the know I'm sure everything is crystal clear. Like death by a thousand cuts this waiting game.

I'm just posting exactly what BMR have published. If they are lying about any of it then themselves and the NOMAD are liable. Blue Square we are told has only recently undertaken work for us following the cancellation of the Mining right. I have read a lot of articles online as well that all seem to use incorrect information or they are choosing to interpret the officially released information in their own way. #fakenews strikes again IMO.

No mention of Enviro Mining Limited anywhere officially. GLR RNS - this makes clear the separation of Enviro Zambia and Enviro Processing. 23.02.18 The Company has incurred expenditure in excess of USD250 000 on exploration activities, including geochemical soil sampling, permitting, and evaluation and on going drilling. Pursuant to the Term Sheet, Galileo, on having spent USD250 000 earns in a further 34% beneficial interest to take its aggregate interest to 85% in Star Zinc, which is to be realised by way of an 85% equity stake in Enviro Zambia Limited ("Enviro Zambia"), a joint venture company to be incorporated between BMR and Galileo. Subject to ZMC regulatory approval, the Star Zinc licence, currently held by BMR's Zambia-incorporated subsidiary Enviro Processing Limited ("EPL") will be transferred to Enviro Processing Zambia Limited ("EPZL") upon its incorporation.

Incorrect.

BMR accounts show 100% ownership of Enviro Mining, Enviro Processing and Enviro Properties. Page 47 of the Final accounts released on 27.12.17 Incorporated in the development assets is a fair value adjustment of £6,885,175 as a result of the acquisition of Enviro Mining Limited on 20 June 2011 and its two subsidiary companies, Enviro Processing Limited and Enviro Props Limited (together “Enviro Group”). The Enviro Group owns the leasehold rights and title to Stand 5187 containing the stockpiles at Kabwe and the contents of the washplant and leachplant tailings. No impairment has been made on the fair value this year on the basis that third party reports and internal evaluation of future income streams allied with the associated production costs generate net present values, using conservative discount rates, which are well in excess of the costs capitalised as development assets in the balance sheet. Page 51 of the final accounts released on 27.12.17 Enviro Mining Limited - Holdings Company 100% owned. Enviro Processing Limited - Tailings Processing 100% owned. Enviro Props Limited - Property Holding 100% owned. The Group holding of 100% in the Zambian subsidiaries is held as to 99% by Enviro Mining Limited and 1% by a nominee on behalf of the Company. The Group holding of 100% in the Mauritius subsidiary is held as to 95% by the Company and 5% by a nominee on behalf of the Company.