RE: Eric21 Jan 2019 20:01
Bodg,Eric & others, I agree & have had a very similar point of view for a few years. First point being that people like AB are hoping that ordinary shareholders will not be active & vote against anything they propose. When he came on board, he pushed how awful MA & his crew had been. He then wanted the pre-emption rights to be removed & consolidation. A lot of shareholders did not vote, which allows the nominee to vote on their behalf.
The person who was meant to be in charge of the processing ends up as the person who organised the ACI financial deal. So what was AB our chairman doing, he is supposed to be a qualified finance man. He allows a man who should be sorting the tailings processing, they had such a good process, pier reviewed & so good it may be patented !!! The person on the BOD who is meant to look after shareholders, he has worked with AB before & brought in by him....................look after ordinary shareholders ? more of a bodyguard for AB.
Remove every safeguard & then get BMR delisted, a lot more leeway to continue the abuse.
JLP, will recover all the costs before royalty kicks in, if we ever get that far. The numbers mentioned £15m,JLP have been given full control, who is going to monitor their expenditure? How much have we BMR shareholders spent on the assets, they were not acquired for nothing, even allowing for the amount removed by MA & crew.JLP recover all costs before any chance of us seeing a penny. AB has abused our rights & let us down very badly. NED should all so be ashamed, he is supposed to look after our rights.