Member Info for nick0212

Sounds like an AIM share to me... But mcap was ludicrously low tbf

Pure isn't delisting from all stock markets !

If you would like to hold, but today and get average down. Otherwise, you should've sold anyway.

Absolutely horrific share, but no justification for such a huge drop based on today's news

And for good reason. BMR was a joke and this is what's left... I'll hold on for giggles. But it's essentially a swindle

There's been an update?! Doesn't sound like a PXS thing to do ??

Another empty jam jar. 15 years in this, and the reports always read the same... "Next year Rodders". Another cut and paste from prior year except where they need to provide more info for going concern purposes (or, in other words: please give us more money)

If the 90 day period commenced the day after the RNS then do we possibly have until close of play today to get through? If no announcement it is then on to "up to 90 days of negotiation and execution of the Joint Venture Document". What exactly does this mean given the terms of the JV are already set out in the RNS - anyone familiar with such language please enlighten me :)

Slow on the uptake, but as per Dec year end accounts:

"Royalty arrangement and the Kabwe plant
Kendrick has a royalty over 11% of net earnings generated by the Kabwe plant. The generation of
revenues at the Kabwe plant is subject to the timely construction, and successful operation, of the
plant by Jubilee Metals Group PLC.

At least the royalty hasn't conveniently disappeared into the ether - unlike most of our money!

Absolute shambles here. Wish I'd never got involved.

Sounds about right. Let's make sure the shareholders never forget. As the least Jubilee can do is buy the royalty off us (I'm a Jubilee shareholder who has made more in profits from Jubilee than I have losses in BMR, but it still takes the piass!)

Any idea what happened to the royalty from Jubilee when we gave them all of our BMR assets? Presumably the then holders lose all proportionate rights to those -- I guess that's the best case. The worst case is the royalty conveniently gets forgotten about. I propose we don't forget and routinely mention it on this discussion board until our wonderful masters have the decency to update us all...

Apologies if I have missed any recent comms concerning this, but fairly sure I'm right re. the above

Exactly this. I try and do this and I refer to it as an effective yield. If you are lucky enough to buy shares in times of extreme stress and diversify you can end up with very high yields to supplement more defensive positions. I appreciate the example I'm am about to give is very risky, but i currently have an effective yield of 25% on GKP. It is one of my biggest holdings, but if it went bust it would knock only ~5% off my portfolio. Even at that level it contributes >1% to the portfolio in terms of an income stream.

Another thing I like to do (I'm not taking income as a salary/pension) is not reinvest dividends and instead use proceeds to fund new positions, preferably in times of distress (thus keep these in cash for macro/micro stress points) to broaden the portfolio.

Good luck whatever you do.

And we get a shockingly low share of any future royalty as it hasn't been protected. Such a shame the majority are insiders across multiple businesses as to be truly in our best interests this company could've remained private and literally banked royalty shares in future and paid out via dividends... it is incredible that Victorian era scams like this actually get the light of day in the 2020s!

I agree that this company should be a text book example of failed management. What can we do to make this happen?

Apologies for typos!

Does anybody know anything about this shmbles of a company. I am asking to vote on 'spin off projects' - whatever the flick they are. There is nothing on the Kendrick website that resembles news since 2019! How can I seriously be expected to vote for new shares to be issues without pre-emptive rigthts for a side project I know nothing about? Am I missing something or should Kendrick be being reported for failure to inform its shareholders (ultimately as a shareholder I am merely assigning the running of the business to agents, but in this case I don't trust the agents - certainly not without any form of documentation to tell me what they are doing!) Shambles.

Exactly. It is utter incompetence. Thankfully I bought enough JLP to cover the BMR losses, but what a joke this company and its leaders are -- how do they get these p/55 poor CEOs hen there are literally millions of competent people who would do a better job.

" £1.0 million placing completed in December 2019," -- incapable of even basic proofreading

Might be a good time to remind those of you that haven't already signed up to please do so. The more people the Watch represents the louder our collective voice. Regardless of your views of the Watch that is simply a statement of common sense. BMR Watch dot shutter fly dot com.

Not 100% sure tbh. But I know the Watch have a good overall holding.

Fair enough. It's not like ~20% has done much so far!