Member Info for KlueLoss

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.

GLR have a 51% stake in Enviro Zambia the vehicle created specifically for the JV. I believe they have the option to take this up to 85%.

According to the below until JLP put up their first £1m they have no hold over EPL. BMR RNS 23.10.17 "As security for the Jubilee Debt Finance, the Group would grant security over the whole of its shareholding in EPL upon receipt of the first sum of �1,000,000 by the Long-stop date until repayment of the Jubilee Debt Finance;" JLP RNS 23.10.17 "(b) Phase 2 - Jubilee will provide access to a further �1,000,000 funding towards the implementation of the Approved Works Programme to secure a further 15% equity interest in Kabwe Operations taking the aggregate interest of Jubilee to 30% held as a Preferred Share. As security for the Jubilee Debt Finance, the BMR Group would grant security over the whole of its shareholding in the Kabwe project through its subsidiary Enviro Processing Limited."

BMR RNS 31.08.2017 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. 05.09.2017 As security for the payment of the whole of the remaining consideration, Bushbuck has been granted a charge over (i) the removable assets of BMR's wholly-owned subsidiary, Enviro Processing Limited, which owns all of the assets at Kabwe, BMR's principal operations, bar the property, and (ii) $570,000 of new ordinary shares of BMR at a discount of 25% to the prevailing market price. 23.02.2018 Bushbuck has therefore no longer any charge over either (i) the removable assets of BMR's wholly-owned subsidiary, Enviro Processing Limited, which owns all of the assets at Kabwe, BMR's principal operations, bar the property, or (ii) $570,000 of new ordinary shares of BMR at a discount of 25% to the prevailing market price. GLR do NOT hold a stake in Enviro MINING limited nor do they own a stake in Enviro PROCESSING Limited they own a majority share of the licence held officially by Enviro Processing Limited. They have no % holding of EPL. Enviro ZAMBIA is the JV company with GLR and the star Zinc project.

Exactly Rosewall. Hopefully this will be the last of the 'delays' (for now) as JLP via LC should be able to have everything finalised and ready to update by the end of month. It's good that JLP are keeping us informed officially about meeting dates otherwise I don't believe we'd know anything officially if it were up to Alex Borrelli.

Not sure what to make of any of it to be honest. Just hope Alex Borllei is still drawing his full salary whilst he is keeping on top of businesss for us shareholders. JLP have already in a sense released this update unless there is a change to the 20/06/18 date stated by LC and if it has I would expect a further update from JLP to address the change? But given JLP informed BMR yesterday then who knows for sure?

Leon Coetzer, Chief Executive commented:   "We are making excellent progress on the Kabwe project with the construction of the primary leach circuit well underway. Final tests on the ore handling systems are expected to conclude shortly to confirm equipment selection. Further details on the project will be released following the project presentation to the Zambian Mining Ministry expected to be held on or before 20 June 2018." So the above was already a delay on the 15th June deadline agreed with JLP and BMR. Unless today's RNS is stating a further delays than the 20/06/18?

Hasn't someone on here already mentioned the 20/06/18 as a meeting date?

You're probably right but I do tend to feel need to reply. I won't instigate a conversation with them as I know it's pointless.

You have to factor in the HUGE shorts being placed by Paddwah26 through various firms that will surely weigh down on the price. I believe they said they have enough money to make us 'fold' GULP.

Oh dear. Someone hasn't signed out?

Part of your post from Tuesday 19.24 is what I have copied and pasted in my 11.25 post.

My comments were about the naivity and disingenuous nature of posters saying JLP are a totally unaware and innocent party who have been caught up in the tangled web of BMR. But yeah ditto on this is my last post about yourself and your stance.

What has been misread or left out that's a direct C&P of your post? The sentences before and after are not even relevant other than to make clear you are discussing sidebar. Oh well, yet another trait you share Paddwah26 trying to misrepresent people and make unfounded accusations 'leaving out words'

May I also add for someone who 1. doesn't care about what I have to say. 2. Ignores what I have to say. You spend the most time replying or commenting on my posts of anyone on here currently. Very strange behaviour. Note the title of this conversation and the fact I started it and sidebar replied along with yaardvark, at no point did you come into the conversation yet you replied despite points 1 and 2 above supposedly being your position on my posts.

Tuesday 19.24 what else did you say... "There's been loads like you and they all come and go".. You're half right, you were just wrong not to take on board what they said. The above taken from a reply where you were discussing my approach to speaking with sidebar.

You've specifically stated that we should listen to sidebar. I asked you why and you've ducked the question.

"You see, that's the thing. I warned of continuing risks to the license after it's reinstatement, but LTH's refused to listen and just started speculating on how high this share would go. And now apparently none of us knew a BS type situation was possible?" Vague all encapsulating statements are not exactly proof of you or anybody knowing anything of value IMO. More you taking a view and if anyone wanted to they could easily just type iffy noncommittal statements and then after the event claim some kind of superior knowledge. You've yet to prove anything IMO. Yes you appear balanced I'll give you that but just as most here you are giving an opinion that will either be proved correct or wont come anywhere near reality . As for all that has happened is 'value being destroyed' I can't really argue and haven't once said anything to the contrary personally. I'm totalled f**ked off with what's happening and the lack of information being passed down to us shareholders but I'm not going to start believing yourself or others have arrived for altruistic purposes. Please carry on sharing your 'informed' opinion. I'll continue to be a bemused reader of posts by someone with no financial interest in a share who has spent the largest portion of their posting time playing the voice of reason.

You've taken a thrashing from the clowns over the last few weeks/months so you're probably right, If any of them knew anything they would say it in black and white terms. Instead they've all turned up to obfuscate and ask detracting questions which have been covered again and again. They all knew so much that Blue Square came as a total surprise to everyone.

So what is it about the faceless seemingly altruistic avatar 'sidebar' that should make everyone stop and go 'this guy is onto something and we should listen, he is doing us all favour' Well I haven't listened to everyone else as it happens. Whatever is it you think the BMR Brigade actually consists of? Spent the last few years moaning and asking shareholders to get proactive to remove Alex Borrelli (to no avail). Also calling out all the BS fed to us by management.