Member Info for KlueLoss

The original goals of the alliance were : - Give shareholders a voice with the Board of Directors. - Strive to protect shareholder interests. - Be a resource for pertinent information. - Motivate all shareholders to be proactive - voting on motions at meetings etc. Interestingly at the most recent AGM a few shareholders had put forward the idea of adding a shareholder to the board. Personally think AB just paid the idea lip service and would avoid outside involvement wherever possible. I guess overall the idea was to pool together every private shareholders shares and vote as a block in order to remain relevant to the decision undertaken by AB and the BMR board. Especially when decisions are being made to our detriment of which there have been many. Holding the board to account or at least trying. Private shareholders account for a much smaller % of the shares now in issue given that we've got JLP, Peterhouse Corporate Finance Limited, Borrelli Himself, Colin Bird and his co. Tiger Resources, Amazon Hill Ltd.(if they're still holding). Between all of them they hold at least 35-40% of shares in issue of not more.

It was only formed following Alikhani unfortunately succumbing to Alzheimer's. Poor bugger. SP was about 1.2p in old money or 12p.

JLP holding should've been 29% not 40% but my point stands.

In theory if JLP return with a 'positive' outcome on whether they decide to build the plant and we return to trading then it's not inconceivable that AB believes BMR would be valued much higher than it closed at. Also the JLP shares were worked out at 2.9p so given they're a 40% holder maybe they wouldn't be too happy if AB gave away �1m worth of shares for less than that? Just my opinion of course. RNS 15.01.18 "The overall average subscription value per BMR Subscription Share is approximately 2.90 pence" It's definitely not all it seems and all hinges on JLP returning to BMR with a positive decision on the JV. If they don't come back with a positive outcome it doesn't bare thinking about but the timing of it all and our current precarious financial position along with no known plan b doesn't fill me with positivity.

Borrelli determined that all the various projects were worthless apart from Kabwe. Chingola, Luanshya and Ndola (think that's all of them off the top of my head) were the copper projects which we had a majority share via JV's and he decided to terminate them all and told us we needed to concentrate on Kabwe Zinc and Lead before we did anything else - whilst he then sorted a job for one of his boys by getting involved with Ester in Portugal which perfectly compliments a huge yet to be monetised asset in Zambia. The Copper Plant was unusable accrording to Borrelli and was later sold for $40k, I think it was purchased for much, much more. I asked at the time, why a Copper Plant at Kabwe? There's no copper that we knew of actually at Kabwe.

I'd never heard of the NEX stock exchange. I'm sure it's just as, if not more, stringently regulated than AIM. So something to not worry about should it ever come to that. Could you imagine we delist, lose Kabwe and AB says Ester could save us and then relists us on NEX. We can all reignite our passion for BMR and get behind the Tin and Tungsten deposits at Ester albeit with our shareholding worth 100th of its current value. Got to believe.

"My view is the JV will fail within one month" "I remain keen for the project to succeed" I take it you just mean Kabwe itself eventually being cleaned up? If BMR and JLP JV doesn't go ahead I'm not sure how the project can go ahead, at least not with BMR benefiting.

I'm signed up from its original inception. It has been dormant for quite sometime. I think the lack of shareholder pressure is exactly what has allowed AB to destroy shareholder value. The appearance of our 'white knight' AB hasn't quite been all it was cracked up to be. The past has continued to be an indicator of our present performance. We've been going into production every year for the last 5-6 years only for another bright idea coming along that the company deems worthy so forgive me if I am skeptical that LC just wants to play with the build/commission timetable but not the 31.12.18 production deadline. A part of me can't shake the feeling all these timelines (down the years and now) are extended perpetually in order to squeeze a living out for the hard working directors we've been so lucky to have and may still all come to nothing for the seemingly infinite patience of us loyal shareholders.

BMR are desperate and have been desperate for a very long time. The JV terms are proof of that. AB can dress it up as a great deal for both of us but he has dragged the company to its lowest point and SP at least in the time I�ve been invested (8-9 years). Desperately low SP placings, when someone who had shareholders concerns at the heart of his decisions would�ve raised money when the SP was buoyant and sentiment was better. Tripled the shares in issue to then give 40% of future profits away. He has had +3 years to just get on with building the plant and after all that time the best he could do was damage shareholder value. His tenure has been a disaster for shareholders. Someone disprove that? What am I not seeing? Nothing is going to be straightforward, I would love them just to get on with it, what harm could it do us to just build the plant and start processing? Why complicate everything further and further. I really can�t rule out AB trying to take on another project to make sure we are stretched to breaking point. With CB on the board and the size of JLP holding they have a huge say in all decisions as they own a deciding vote amount of shares due to the rest of the shares being scattered amongst various shareholders.

JLP possibly being useless is definitely a factor I haven't dismissed, I mean their own DD is testament to sloppiness if you take everyone at their word. Things are pretty desperate for us and our new JV partner wants to throw the dice again on further potential time sensitive changes to our project rather than just getting in with it - very, very frustrating. Will JLP get a larger chunk of profits? Can anyone really rule it out? We are so desperate now and given JLP calculate they have a real terms 57% share of the project already what is to stop them being a little more greedy and applying pressure. As BMR shareholders we always seem to have to 'make do' and reassure ourselves by saying 'it could be worse' like that's any kind of measure of success. AB has just made things worse and worse, step by step making shareholders swallow whole his total ineptitude - sideways.

Looks like they're enjoying themselves whilst everyone is left in limbo. Strange how LC was supposedly meeting ZEMA/Gov or whatever and we don't appear to have any update or indication as yet as to how that meeting went. Previous meetings have been followed up with confident vibes passed onto shareholders as part of videos/audio interviews or other media.

Has he been so awful through natural calamity or by purposefully always choosing the worst and/or highest risk decisions in order to bring us to this juncture.

Seen a few opine that AB uses most of his businesses as lifestyle companies. Hard to argue when you see the carnage of liquidation's and terminations he has overseen in his past. Most MTR holders would suggest he isn't to be trusted - let's face it, if he could do what he did to them what would stop him doing similar actions to us. Onto our third suspension since he has been in charge, can't really be seen as positive action anyway you cut it. Not too many who left now who can honestly say they have faith in AB. Always had my own 'tin foil hat' theories on his actions and maybe this is what we're seeing played out now.

Chime. Evening sir. I think CTF will be gone by Tuesday despite his totally valiant altruistic efforts.

Anyone remember Garbled on www.eyeeyeeye.co.uk?

The anticipated placing will be in June I'm guessing and if the terms are stuck to as per RNS then the warrants are due sometime in December. If LC gets the Plant producing then surely there's a good chance 5p warrants will seem attractive. We're used to dilution. Thank gawd for the 10to1 share consolidation /s

Thing is LC is going to be limited with the changes he makes because of the ESIA approval in place so I think for now they need to stick to the plan as closely as possible.

You know my thoughts. I think we should be probing we can walk before we can run. LC and AB can be as ambitious as they like but it's time to prove KOL is a profitable business, stick to the timelines and worry about everything else afterwards.

Yeah. I'm of the opinion time is against us but I certainly think everyone in BMR expects the plant to be added to in order to increase through put. In one of the RNS it is stated that this is no longer a 'pilot plant' but a 'semi-production unit' (maybe semantics) and the way it is to be built would easily allow gradual increases in size leading to increased tph.

CTF not sure how much research you've done but JLP originally agreed and said they were capable of delivering the 5tph plant for �2.3m. They may now be revising this figure for whatever reason but if they say $50m I will PMSL.