Member Info for KlueLoss

"Directors have never put a foot wrong in my opinion" - Alex Borrelli.

Although shareholders may perceive his actions to have been questionable and certainly seem against our interests, he will have covered all angles to ensure he doesn't have any shareholders claim against him.

Sat on his harris forever waiting for ACI knowing he was going to decimate all shareholder value at Kabwe with JLP jubilantly waiting in the wings ready to snatch the prize from a disinterested and inept team of chancers. Didn't inform WH Ireland or shareholders that the licence was under threat. Failed to act on the Vanadium discovery. Ester, fjuck me, Ester. NEVER. PUT. A. FOOT. WRONG.

But now all is said and done, having given JLP pretty much a controlling stake, installed Colin Bird on the board, taken well in excess of 6 months to start to even explain what the next steps are for shareholders, NOW, decisions will be made subject to shareholder approval. Fjucking laughable.

JLP are a listed partner, as are GLR. Until they announce something BMR won't announce anything.

I'm just putting that '3 year' out there as a matter of interest and would love for someone to give a definitive answer. There is nothing concrete that I've seen and I feel the '3 year' thing was said in order make shareholders think twice about removing Alex.

"how can we now dispense with his services?"

We would need to be organised, call an EGM, put his position forward as a resolution and then beat the holding of JLP, CB, CB investment companies, Peterhouse and others who will back Borrelli. Then we would need to find his replacement.

What do we have to fear?

Well we don't know the co. financial position as AB has taken it upon himself to put the financials back to a time that suits him and removes the only layer of transparency we could actually tangibly gauge our predicament. What's to say he collapses the co. owing to the fact that he and the other directors wish to be paid immediately.

Secondly, I don't know this to be true and I certainly don't know whether I believe it is, not that I've done endless research but apparently for a co. to relist or list on an exchange one of the directors must've been in the position for 3 years minimum. Find it hard to believe but just shows how helpelss a position we shareholders are in, if true.

Just my thoughts. I would be over the moon to see him gone and have a sneaking suspicion once and if we relist he will make himself scarce in a short while, washing his hands with the absolute destruction of value he has delivered for shareholders.

How long does it take to knock up a circular?

If I wasn't a cynic I might think that tweets sent out were more of a tactic to buy more time to run down the clock. Working so 'tirelessly' in the background they've put the accounts back 6 months so shareholder have no idea what the company financial status is either.

What are we even invested in anymore? Anyone?

Borrelli is notoriously thin skinned so I'm sure he wouldn't hesitate to protect his reputLOLation from attacks from faceless avatars on a barely used chat forum.

“Shareholders should note that the Directors and CFO continue to work tirelessly in the best interest of shareholders for a successful 2019”

The above was enough for me to put my feet up and relax knowing the team are working hard in the background. After +6 months of hammering it out 24/7 one can only imagine the absolute gold mine that lies in wait for us Shareholders.

Every penny that comes 'our' way into the BMR coffers is always immediately redirected. The only reason I can see for him chasing an acquisition is to prolong his 'service'. We never get told what is happening until it's happened. Arguably (inarguably) the most detrimental thing he did was basically plate up Kabwe for JLP and he didn't ask shareholders whatsoever, now he is going to give us a 'circular' for our input? Can only see a rock and hard place type offer, an olive branch to shareholders that's been dragged through dog 5hit offered to shareholders at the brown sticky end.

His plans were pretty much dismissed as not commercial. The price of acid has been cited as one of the factors that impacted his original plans, though if you care to look you'll note that provisions had been made for an increase in the price of acid via increase in efficiency and please do factor in the rising price of Lead and Zinc and the additional introduction of V. Vanadium which by the quantities announced was going to almost double the in situ asset value at Kabwe. Whilst planning this failure of a plant design and process he was also tasked with and made responsible for the ACI debacle. As he fell on his sword having done such a terrible job, he was awarded a pay rise. Comical. Someone is being had over a barrel and it certainly isn't JLP.

Chin up. Don't let the ba5tard5 get you down. Borrelli and co. rattled but also confident enough that assertions can't be proved so maybe tread carefully until you have something substantive. The only low life's are the board who have screwed shareholders in this company time and time again. I don't have a short memory and it's been a continual pi55 take by the management.

I'm not confident of a positive outcome here for shareholders. The continued stance of being vague and opaque will continue, I imagine the circular to be produced will leave everyone confused with a request within which will require blind faith to agree to the managements chosen route forward.

Borrelli has suggested to some that the market we will join would not give a value to our royalty hence ring fencing it. Given that's our only asset and it won't be joining us on our relist what is the market cap. going to be if we relist? How much value can you give to a management team that have 1) sold shares in a co. at or around its lowest ever value whilst simultaneously publicly stating JLP are a "significant company with extensive funding and engineering capabilities and expertise and they have been instrumental in the recovery of the licence at Kabwe" and continuing to state how valuable Kabwe will be 2) track record of buying assets and selling them at half price within a very short period of time (SZ) 3) after 4 years with an asset (Kabwe tailings) worth in excess of $2 billion the best they could muster was losing the licence and then relinquishing all control with no guarantee of any return to JLP. All I can say is the new 'licence' is going to have to be a world class prospect. Given the way money was pi55ed away on Ester I won't hold my breath.

HSBC did the same with mine, not quite sure how it would work but as they were invested in an ISA, if the co. were to go bust, I don't think there's anyway to use it to offset any future gains. Would probably need a professional to answer that ultimately.

Did the stupid thing of transferring all my shares into the shares ISA so as and when the final plug gets pulled I won't even be able to offset the losses. Around £80,000 gone. Thank you Masoud and Alex you pair of 5laaagggg5

Had to pay Blue Square Minerals $300k for their help in returning the licence so JLP could take the bulk of Kabwe off us. He bought our share of Star Zinc and has subsequently sold it for considerably less not even than 12 months later. He gave himself a payrise for his antics so that will need servicing. And now its time to introduce a new shiny pot of gold to shareholders to try and take our mind off the asset stripping extravaganza he has been on for the last few years. A new pot of gold that not one BMR investor originally invested for.

A rumour appears to be he is willing to sell the royalty and Colin Bird will only be to happy to take it off us at Borrelli bargain prices. He seems to think shareholders want a quick buck? Most if not all those invested in BMR have held and held in the hope that Kabwe would be monetised at some point and if JLP plans are going to see Kabwe annual turnovers in the 10's of millions why wouldn't shareholders want to finally start to see a return on their investments on the project that invested into in the first place. But yeah I am sure shareholders would love £2-3m now rather multi-millions a year in the long term.

No, in Borrelli we trust cause that next pot of gold is only going to cost most of what cash we have and a large dilution. In the famous words of his predecessor 'what are we worried about?'

Looking at the business done by Alex Borrelli in these 12-18 months it's hard to envisage anyone could've done much worse.

Borrelli has been asked but he neither confirmed or denied so I take by not doing the latter there is a chance he has sold.

Don't think it bares thinking about. He has said anyone who invested during MA era should just write-off that investment off in total (if you haven't already) I reckon he would be happy with his money back. Got to think once he starts the dilution and capital raising our holdings are going to look worse and worse and if what is being relayed to shareholders is to be believed our one potential asset (royalty) is going to be sold off to fund a new pump & dump venture that we won't know anything about until he has decided what's in our interests.

Aye, can't wait, nothing more exciting than being in co. start up, already down at least 90% on your original investment knowing its likely the person who is acting in our interests is probably going to dilute all our pitiful investments further.

What's not to like?

Borrelli always manages to get the least he can for any asset so wouldn’t be surprised if he has decided that this is our(his) best opportunity to make a quick buck.

Ask yourself would Alex Borrelli do anything that wasn't in the interest of shareholders?

Not a chance.