Member Info for nick0212

No real reason to be upset with BMRWatch - a collection of some >20% of shareholders who have been quite reasonable in terms of requests. The issue seems to be that BMRWatch may call for an EGM and as part of the voting may suggest Director changes... all very reasonable to me. For some reason, the removal of a Director seems to mean immediate liquidation. No company law I've ever read of would mean that's the case... it may mean some difficulty in re-listing, but to be completely honest who cares: some of the most valuable companies on earth are privately held, so although selling shares would be difficult, the royalty would have to be paid out via some sort of dividend stream (or similar to existing shareholders). Hardly rocket science!?

3CB: quick question... why do you not join up with BMRWatch? Would be good to build a stronger than 20% position to consolidate voting power imo.

No idea where liquidation comes from... if an EGM goes ahead and he gets voted off BMR shareholders can appoint a new Director. Regarding an EGM request, it only takes a 5% shareholding or so I believe, thus a portion of BMR Watch requested this (I.e. those with >5% holding), not the whole 20+% represented via the Watch in its entirety. The >5% have every right to do so. No complaints from me.

I didn't vote for or against an EGM. What liquidation?

I'm about 10% down on JLP and have invested about the same in both companies... not a good overall position, but JLP will gain from the BMR meltdown in the long term for sure. I'd be quite happy to exchange the royalty for JLP shares :)

Would be better imo if everyone (I.e. us small - in grand scheme of things - holders) came on board and push to ~25% proven shareholding. I have chosen not to voice any concerns at the actions of those you mention, but I see no reason why people can't use the Watch as a platform to moan about any autocratic business.

Yep I'm in the Watch. I can't complain really as I haven't contributed beyond proving my shareholding. As a load of small shareholders we are powerless and we have suffered very badly. The asset is valuable and its been gifted to JLP.

bmr watch shutter fly dot com

Regardless of what you think of individual personalities, BMR Watch has been set up to give us a voice as a collective of shareholders. If you haven't done already, please consider signing up. We have a substantial collective holding in BMR exceeding 20% of shares in issue. The Watch also has an essentially private discussion board: https://*******************.com/

You clearly know nothing about the value of BMR's asset. Dilution is minimal based on potential value - you are a fool if you think this is a sell... good luck with your short: you'll need it

£2.08

https://www.investegate.co.uk/bmr-group-plc/rns/kabwe-project-and-delisting/201808031535408290W/

bjlabuk - I'm in the same boat: hold these in iii in my SIPP/ISA and also my girlfriend's and Mum's SIPP/ISA too - I'm not the most popular of people at present having suggested they put a bit of money into BMR :(

Would appreciate it if you could let me know when (If!) ii get back to you.

N.

Hey Doc, that is a crazy break even. I'm actually about to break even, or I will do if it rises another 10% or so... I took the opportunity to average down massively during the restructuring which is probably what differentiates us, but I hope you get a good chunk back eventually - doubt you'll ever get to break even though! ATB