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Please kindly note in chairman’s statement
Obstacles
Nomad decisions new and old nomad ref ongoing listing and subsequent de-listing of bmr( especially ongoing financial commitments obligations required ) mining license
Uneconomical process - due to input costs rising so ongoing we would not have been able to proceed as it was NOT ECONOMICALLY VIABLE . ( Please note recently Glencore have put one of their mines Mutanda DRC in care and maintainence due to battery metals prices and costs associated with mining difficult ores amongst other things . )
A low cost production essential for long term survival, using a more efficient cost effective process via Jubilee JV .
Investment cash not forthcoming but this still would not have helped if the proprietary process method was not economically viable due to associated Escalating costs involved .

We were able thankfully to achieve a joint venture thus creating value longer term to do this we need to be able to maintain and go forward as a company, and be able to fund and allow the new company to create value both for the company & shareholders new and existing.

We will not be able to survive if resolutions are not supported, yes we have some dilution and we do not know how much this is price sensitive yet again , speculation is simply that as to how many and unless we Re-list we CEASE with very little to gain as ordinary shareholders. Reference WINDING UP above .

There are many companies who are in dire circumstances due to cash & legislation restraints with great assets , our position is stronger than most with positive fundamentals to enable a re-listing .
We can re-list as a new business & acquisition to propel us forward .

All arguments I’m afraid are irrelevant, part one two and three of support our future as stated is my understanding of our position ,please kindly note, it is business and what is required materially to enable us to achieve and to go forward with future , if you have read and understood what has been written I hope you will understand there is only one option. Pass and support our board for all resolutions.

It is very simple please

Support & agree with ALL Resolutions
We RE-LIST
We Survive
We have a FUTURE

WINDING UP

Winding up / cessation of business
If resolutions are not voted for positively and ALL passed as we have no cash flow and ongoing liabilities.
The company Will CEASE & WIND-UP thus having to
Liquidate ANY and ALL of our assets.
Please note
Creditors & preferred shareholders would receive claim to liquidated assets FIRST!
Ordinary shareholders like myself will only recover payments for defunct shares if any funds remain ( unlikely or very very little IMO )

Absolutely vote yes as we have a FUTURE !

Please DO NOT TRUST anyone who suggests otherwise they may have ‘ ulterior motives ‘ for doing so!
T-TRADERS
As I do not T-TRADE , however the aftermath of said T-TRADES outstanding and ongoing due to suspension but on Re - listing may affect the individual(s) concerned .
Some may indeed have another motive, they may gain indirectly through holding of shares in other related companies involved and if BMR ceases to exist who may possibly gain in this situation . Some may hold deep resentment for what may have been but sadly was not , while I understand and wish we were able to proceed with processing at Kabwe there were numerous obstacles which prevented us from doing so .
We have been lucky to have achieved any possible outcome to enable us to keep going let alone a POSITIVE outcome of ANY sorts due to these cumulative difficult circumstances.
Please read obstacles below and I suggest you read the chairmen’s statement in the accounts which gives Factual more in-depth analysis.

Bear in mind jubilee, a company with good financial backing of institutional investors, diversified assets and multiple revenue streams , they are our largest shareholder and therefore I believe also we have been shown their support for this new acquisition due to its % shareholding , any acquisition could not I believe go ahead without their approval .

Jubilee have a proven peer recognised track record, strategic business planning with a growing team adding to their existing highly experience personnel .
It is therefore in their interests for this acquisition to go ahead , with potential and a positive outcome of their investment for their shareholders too which would be most welcomed by all and those involved here as well I’m sure.

It is my understanding and i sincerely hope all shareholders will read & support the company & PASS ALL resolutions to enable the company to re-list and have a Future.
Otherwise the company WILL CEASE to exist its that simple !

Assets at present
We only have shares under lock-in conditions , no cash flow and a royalty with a timeline unknown as is the value .

Royalty
Time line and value creation as indeed shares that will be issued to survive with new acquisition are ALL price sensitive as Jlp remember , our supportive significant shareholder and Joint venture company partner, are AIM listed .
No shareholder can demand Jlp buys us out or demand the price sensitive information without it being in public domain .
Please remember who has significant and full control in Zambia and who hold the titles /mining licenses to fully execute the Kabwe project.

Royalties Necessary sale
IF deemed necessary requirement for a sale for said royalties if resolutions not passed ( imo if able to be ) and ( if) a possible buyer could /may be found, the value achieved (again if ) would reflect negatively In the price achieved as value and timeline are ALL unknown thus creating a risk for the buyer.
The value recovery of the asset will definitely not reflect in the price achieved NOW, however, while waiting to allow asset to mature to create a future valuable revenue stream if allowed will create value for the company and its shareholders,
HOW this will done is again price sensitive, so once again anyone who demands this is foolish indeed, we need to support our financial needs ongoing to survive , with-out cash we have NO business.

It is also my understanding We will NOT be able to relist at all with royalties in a separate subsidiary as we have NO ongoing Business. We have to meet CRITERIA involved for re-listing .

To achieve funding in such a difficult world financial climate shows a strong business plan with positive potentials ongoing.

To suggest NOT supporting the company is reckless and quite frankly irresponsible, essentially recommending supporting winding up of the company !
in a very short time period as we have no ongoing cash flow, glr shares are locked in. They do not have to alter this but irrelevant arguments as cash will still run out.
Result Winding up

A Positive Targeted analysis shown in a business plan essential to achieve funding enabling our re-listing, in the current difficult financial climate which has existed for many years this in itself is a an achievement.

We have to deal with what IS
not what IF or as a few are fixated on what WAS or COULD have been.
This is Fact .

WINDING UP

Winding up / cessation of business
If resolutions are not voted for positively and ALL passed as we have no cash flow and ongoing liabilities.
The company Will CEASE & WIND-UP thus having to
Liquidate ANY and ALL of our assets.
Creditors & preferred shareholders would receive claim to liquidated assets F

Please kindly note in chairman’s statement
Obstacles
Nomad decisions new and old nomad ref ongoing listing and subsequent de-listing of bmr( especially ongoing financial commitments obligations required ) mining license
Uneconomical process - due to input costs rising so ongoing we would not have been able to proceed as it was NOT ECONOMICALLY VIABLE . ( Please note recently Glencore have put one of their mines Mutanda DRC in care and maintainence due to battery metals prices and costs associated with mining difficult ores amongst other things . )
A low cost production essential for long term survival, using a more efficient cost effective process via Jubilee JV .
Investment cash not forthcoming but this still would not have helped if the proprietary process method was not economically viable due to associated Escalating costs involved .

We were able thankfully to achieve a joint venture thus creating value longer term to do this we need to be able to maintain and go forward as a company, and be able to fund and allow the new company to create value both for the company & shareholders new and existing.

We will not be able to survive if resolutions are not supported, yes we have some dilution and we do not know how much this is price sensitive yet again , speculation is simply that as to how many and unless we Re-list we CEASE with very little to gain as ordinary shareholders. Reference WINDING UP above .

There are many companies who are in dire circumstances due to cash & legislation restraints with great assets , our position is stronger than most with positive fundamentals to enable a re-listing .
We can re-list as a new business & acquisition to propel us forward .

All arguments I’m afraid are irrelevant, part one two and three of support our future as stated is my understanding of our position ,please kindly note, it is business and what is required materially to enable us to achieve and to go forward with future , if you have read and understood what has been written I hope you will understand there is only one option. Pass and support our board for all resolutions.

It is very simple please

Support & agree with ALL Resolutions
We RE-LIST
We Survive
We have a FUTURE

WINDING UP

Winding up / cessation of business
If resolutions are not voted for positively and ALL passed as we have no cash flow and ongoing liabilities.
The company Will CEASE & WIND-UP thus having to
Liquidate ANY and ALL of our assets.
Please note
Creditors & preferred shareholders would receive claim to liquidated assets FIRST!
Ordinary shareholders like myself will only recover payments for defunct shares if any funds remain ( unlikely or very very little IMO )

Absolutely vote yes as we have a FUTURE !

Please DO NOT TRUST anyone who suggests otherwise they may have ‘ ulterior motives ‘ for doing so!
T-TRADERS
As I do not T-TRADE , however the aftermath of said T-TRADES outstanding and ongoing due to suspension but on Re - listing may affect the individual(s) concerned .
Some may indeed have another motive, they may gain indirectly through holding of shares in other related companies involved and if BMR ceases to exist who may possibly gain in this situation . Some may hold deep resentment for what may have been but sadly was not , while I understand and wish we were able to proceed with processing at Kabwe there were numerous obstacles which prevented us from doing so .
We have been lucky to have achieved any possible outcome to enable us to keep going let alone a POSITIVE outcome of ANY sorts due to these cumulative difficult circumstances.
Please read obstacles below and I suggest you read the chairmen’s statement in the accounts which gives Factual more in-depth analysis.

Bear in mind jubilee, a company with good financial backing of institutional investors, diversified assets and multiple revenue streams , they are our largest shareholder and therefore I believe also we have been shown their support for this new acquisition due to its % shareholding , any acquisition could not I believe go ahead without their approval .

Jubilee have a proven peer recognised track record, strategic business planning with a growing team adding to their existing highly experience personnel .
It is therefore in their interests for this acquisition to go ahead , with potential and a positive outcome of their investment for their shareholders too which would be most welcomed by all and those involved here as well I’m sure.

It is my understanding and i sincerely hope all shareholders will read & support the company & PASS ALL resolutions to enable the company to re-list and have a Future.
Otherwise the company WILL CEASE to exist its that simple !

Assets at present
We only have shares under lock-in conditions , no cash flow and a royalty with a timeline unknown as is the value .

Royalty
Time line and value creation as indeed shares that will be issued to survive with new acquisition are ALL price sensitive as Jlp remember , our supportive significant shareholder and Joint venture company partner, are AIM listed .
No shareholder can demand Jlp buys us out or demand the price sensitive information without it being in public domain .
Please remember who has significant and full control in Zambia and who hold the titles /mining licenses to fully execute the Kabwe project.

Royalties Necessary sale
IF deemed necessary requirement for a sale for said royalties if resolutions not passed ( imo if able to be ) and ( if) a possible buyer could /may be found, the value achieved (again if ) would reflect negatively In the price achieved as value and timeline are ALL unknown thus creating a risk for the buyer.
The value recovery of the asset will definitely not reflect in the price achieved NOW, however, while waiting to allow asset to mature to create a future valuable revenue stream if allowed will create value for the company and its shareholders,
HOW this will done is again price sensitive, so once again anyone who demands this is foolish indeed, we need to support our financial needs ongoing to survive , with-out cash we have NO business.

It is also my understanding We will NOT be able to relist at all with royalties in a separate subsidiary as we have NO ongoing Business. We have to meet CRITERIA involved for re-listing .

To achieve funding in such a difficult world financial climate shows a strong business plan with positive potentials ongoing.

To suggest NOT supporting the company is reckless and quite frankly irresponsible, essentially recommending supporting winding up of the company !
in a very short time period as we have no ongoing cash flow, glr shares are locked in. They do not have to alter this but irrelevant arguments as cash will still run out.
Result Winding up

A Positive Targeted analysis shown in a business plan essential to achieve funding enabling our re-listing, in the current difficult financial climate which has existed for many years this in itself is a an achievement.

We have to deal with what IS
not what IF or as a few are fixated on what WAS or COULD have been.
This is Fact .

WINDING UP

Winding up / cessation of business
If resolutions are not voted for positively and ALL passed as we have no cash flow and ongoing liabilities.
The company Will CEASE & WIND-UP thus having to
Liquidate ANY and ALL of our assets.
Please note Creditors & preferred shareholders would receive claim t

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