stuee123
28 May 2018
Re: Bringmyreward Jubilee did nothing no planning no representation. They were waiting on the license not be handed back and for Alex to sell the assets to them for next to nothing. This would have given jubilee leverage in getting the license in there name. We cant get it right pre license and we are taking an eternity to get going with the license. You guys better start waking up here and start demanding answers . There now flapping around trying to get things going but none of them thought we would get the license back. Well done jeremy good work died on his own sword but saved the day. Come on Alex get a grip here and get this plant built no games just focus on delivering shareholder value
[1]laffer
25 May 2018
Re: BMR Watch is waking up....... Either shareholders will be interested in protecting their investment or they wont. If they don't want to at least try and protect their investment, they are part of the problem and not the solution.I have never understood any shareholder trusting implicitly any BOD. Ultimately the BOD are there for themselves, not the shareholders, this is especially true on the AIM gravy train.And that is why its so important to have a powerful shareholder group - to ensure that the BOD are held to account and ensure they do act in the interests of shareholders instead of themselves. If they do go off track, shareholders can bring them back to focus on whats important. Want to pay themselves too much, shareholders can veto. Total lack of performance, shareholders can boot them out.But again, the amount of apathy shareholders display (despite some having a serious amount of money invested), in all likelihood precludes any form of action.I will give it another 3 weeks to gauge how much interest there is, if its not sufficient to do good, then I will completely shut down BMR Watch and remove the site. It really is that simple.Finally, if there is significant interest, I am happy to gift BMR Watch to anyone who wants to run it and is competent to do so.
isphahan
24 May 2018
Re: BMR Watch is waking up....... Laffer, "you are back". I do not know who you are but that is in any case irrelevant.You seem to have a bone to pick with the management, - fair enough - going from 60p to 2 p as you wrote is indeed a shocker. However from past experience, a class action or similar is hard to orchestrate and often without reasonable outcomes. However recently BMR has embarked on a partnership with JLP which, if it proceeds, will bear fruit.
[1]laffer
23 May 2018
What is BMR Watch for?! Well, as usual some banter over on LSE. Its far more than just a BB and no - no charge for joining/membership.At this very early stage, I am simply gauging interest. If there is enough interest then a shareholder alliance is worthwhile. If there is still a lot of apathy, then it isn't.What is BMR Watch for? The answer is simple - its shareholders banding together to have a stronger voice with the BOD than any single shareholder.Given enough membership, it can do many things, I am not an expert, but I believe the following are all possible :- Call an EGM- Initiate a vote of no confidence- Force changes to remuneration- Veto actions / motions that are not in shareholder interests- Table motions at AGM and EGM meetingsBut all of that is dependent on membership numbers and having a consensus among membership to act.In other words, less apathy amongst shareholders.For example, I still find it incredulous that shareholders in BMR allowed not only a vote to take place on the removal of some key shareholder rights, but then didn't vote on it themselves but allowed their nominee (company that 'holds' their shares for them) to vote on their behalf - nominees literally always vote the way the board wants them to.BMR Watch did explain all of this at the time (2015) but it seemed to fall on deaf ears and certainly a few who could not get their head's round the process of obtaining their own vote.This apathy enabled the first Borrelli heist - Make shareholders weaker, allowing the company to allot shares to whoever they want without having to offer them to existing shareholders first.I'll finish off this post with an answer to Vaper's statement regarding BMR Watch on LSE :"Didnt stop us going from 60p/share to less than 2p/share"That was shareholder apathy and inaction that did that........
[1]laffer
23 May 2018
BMR Watch is waking up....... Hello All,Yes, I am back from the dead.......... and yes, I am still invested in BMR........Spread the word (without getting banned from the various discussion boards!), BMR Watch is waking up and wants shareholders help to try and protect all those invested. It really is time that Shareholders hold directors to account and if necessary, force directors to act in the best interest of shareholders as opposed to themselves.Apathy kills your investment.Doing nothing kills your investment.Listening to detractors kills your investment.Participation in BMR Watch may help protect your investment.What are you going to do? Nothing? Or the right thing?Visit www dot bmrwatch dot shutterfly dot comShareholders should.... no..... need to hold directors to account. After all, they work for us! Don't be naive and assume directors act in shareholders interest. They don't, especially on AIM.With little involvement or effort, we shareholders can collectively ensure that directors act in our interests and not their own.Visit www dot bmrwatch dot shutterfly dot com
stuee123
13 May 2018
Re: Eric draven Eric free information for you and others. ZEMA approve the process not the 5tph quoted. BMR can build 15tph if they want just as long as they keep to the process that was submitted and approved. You can retrofit plants as the plant is being built. JUST GET ON WITH THE JOB JUBILEE. Pick up the phone, email, tweet, text but get the message to AB GIVE NO MORE TO JUBILEE. Don't wait till it's too late guys. p.s I have no information to suggest that would be the case but i'm sure Coetzer would want more of the pie.
stuee123
11 May 2018
Re: Bringmyreward BringmyrewardI appreciate you are doing your bit but you miss the point. They can tell you what they want. How do you know it's true. Was ACI true. Did it happen. What do you compare the answers to. Do you have any other information avenues open to yourself of value. You can't wait until you sense something is going wrong. Act now and demand that Jubilee get no more of the pie. Put pressure on AB and say we won't accept giving anymore to Jubilee even if the plant requires expansion. Jubilee are aggressive. Coetzer an aggressive talker he will want more now. We must say NO NOW before it is to late. If your saying 3 investors will take up the placing they are doing there bit as AB could give more away. Sadly ZEMA dictate what can be processed. I can't remember but im sure it states approval for 5tph.
stuee123
11 May 2018
Re: Klueloss WeightissueFirstly if the new JV keep to the existing terms of the JV there is no doubt in my mind it can work. It is no secret i have alot invested with high average but i think it is attainable based on existing terms. The problem for me is GREED. ACI deal was used as leverage imo. AB for me kept a distance from that deal as he does because he would never want to be associated with something that may not have been true JH can get the blame for that one all in good time, as he did with the license revoke ultimately rescued by JH but AB kept a distance. He did not want to be party to JH methods. Both AB and JH have not been on the same page. For me they wanted seperate things. Firstly JH felt he could deliver a plant and process. I don't think AB felt he could or did AB have alternative plans where he could not deviate away from. Let's go back JH was the architect of the ACI deal but what did the ACI deal do for BMR. Well the ZG would see investment but probably more so for me was that ACI was used at the negotiating table with Jubilee. Can you imagine what kind of deal BMR would get if we didn't have ACI. It's not worth thinking about. Did JH use ACI to stop AB giving the company away to Jubilee. The longer the ACI deal went on AB had to move quick with Jubilee as the ZG were now looking to enforce a license revoke. The ACI deal was dead in reality but JH kept it alive to give BMR a chance at the negotiation table. This is the big thing, what if AB intended on giving the company to Jubilee. How could this be stopped. Everything now was moving in the wrong direction for JH and investors. Maybe one thing could save BMR and that was the license revoke. It basically protected BMR from Jubilee vultures while terms were negotiated. The license could not be given to Jubilee. Jubilee were snookered. They committed to a deal with BMR anyhow as the risk outweighed losing the JV and thus BMR would have found it even more difficult to get the license back. Jubilee are desperate for Kabwe in that they felt it was acceptable to sign up knowing fine felt the license was in jeopardy. They had to move now rather than wait until BMR were in big financial trouble and could have really ripped us off. I am beginning to think we were put on that list intentionally to protect BMR shareholders a risky game was being played out but it worked. That's why now AB has been forced to alter plans but Jubilee will not let this go imo and clearly Coetzer talks like he is lord and master and soon to be king of BMR. We stopped that from happening but greed and control will come back but the license revoke and restoration has helped us and stopped any kind of devious plan. This is why i say go and find the truth mobilise the troops, BMR watch if your reading this get active again. 3000 shareholders in BMR make it clear we do not want to give anymore to Jubilee, stop dragging your feet Jubilee as the license will be lost and jubilee and bmr will lose out. I think someone made a great chess move in all of this.
WeightIssue
11 May 2018
Re: Klueloss BMR Watch website is still open but is completely inactive in terms of contributions from shareholders. I think when we saw first hand the total apathy of shareholders when they voted on AGM resolutions including voting to remove their own pre emptive rights we kind of realised that on the whole most people enjoy moaning about their predicament but not enough to actually try and do something about it.With shares in issue now tripled I'm not sure what percentage of shares are now actually in private shareholders hands. You've got JLP, Peterhouse Corporate Finance Limited, Borrelli Himself, Colin Bird and his co. Tiger Resources, Amazon Hill Ltd.(if they're still holding). Between all of them they hold at least 35-40% of shares in issue.I think private shareholders are kind of like a deer in headlights now and AB is driving drunk looking to increase his kill score. In general we are desperate and will accept any old deal due to the way Borrelli has run the business. Everything takes time but can't help but feel these extended time periods of inactivity are to help run down our cash position to make us nice and cheap for anyone eyeing us up and weaken our negotiating position as reasonably shareholders are left with no arguement on the terms because AB doesn't ever let in what alternatives may be possible, not for the matter if he has actually tried alternatives.JLP are a marriage of convenience for AB. He can blame them if it goes wrong and only shareholders will suffer while he can continue to award himself ever increasing remuneration.We should've held him to account from the start and never let up. He saw what a Alikhani was able to get away with and he knows he will never be held to account.
stuee123
11 May 2018
Re: Bringmyreward BringmyrewardIm all for investors to phone AB and ask questions but he will tell you what he wants to tell you. My point is to find the truth you must seek the truth. You say LC is going out there to alter deadline dates. Do you feel the Mining Ministry did not consider these deadlines are feasible after BMR's ( Jubilee's) presentations. We have wasted weeks potentially 2 months after the license was returned. Is this satisfactory. What if the Mining Ministry stick to the deadlines sanctioned by the Mining Minister. What happens next? LC must go there not just to plead for flexibility in the deadline dates but must add something to the process where they can charm the Ministry into the flexibility we want. They will look at Jubilee and ask them why have you not started to build as promised. Nearly 5 weeks have passed since we gave you the license back and instead of building you are back here looking for change. Bring there is more to this than deadlines. AB will not tell you what is really happening but keep calling. I much prefer to seek the truth.
stuee123
11 May 2018
Re: Jubilee/ZG It's simple for me. You keep to the plan. You start building NOW. As the build progresses you add the EW plant at a later date which will be approved. Everything within the budget agreed including an EW plant under the JV terms. Once you have a proven process producing pure Zinc then it is lift off sky is the limit. Watch what happens after that. Jubilee are desperate to a bigger chunk of the pie as they know the potential outcomes. As BMR investors we cannot allow the pie to shrink. The wheels are in motion now imo hence Jubilee shareholders are out in force to demoralise us.
stuee123
10 May 2018
Jubilee/ZG I can imagine the conversationLC Hi i am from Jubilee Plantinum ZG Who?LC Jubilee Platinum from SA now Lord and Master at KabweZG FFS not again, i thought we gave EPL the license back.LC ehh yes but we are the new dominant force. BMR do what i sayZG cough( and we thought the last guy was nuts)LC I am here to show you my plansZG We know your plans as we have your 5 year mining planLC No ignore that i am the new Lord and master and i want to change the plansZG Ah so the previous plans were just to get the license backLC cough ( no comment)ZG Mr cooter we have given EPL strict deadlines to meet or we take the license backLC I understand but i want you to look at my plansZG Here we go again new leaders same story change of plans. Did we not revoke the license because of constant plan changes and a neverending story.LC This is different sir honestly trust meZG (cough) where have i heard that one from. OK you have 4 minutesLC We want to change the planZG FFS here we go againLC We want to make everyone rich, the ZG and Jubilee ZG what about EPL(BMR). LC do not worry about them we will get there share in good time LOLZG Hmmm ok Mr Cooter you have 2 minutes now we have important business with ZALCO who want Kabwe license it better be goodLC ( Gulp ) we want to increase the processing tonnages and we want to build an EW plantZG Do you realise Mr cooter this will have to go through ZEMA which will take time to approveLC (cough) yes and that's why i am here. I would like you to tear up the ministers letter and re write me anotherZG OK Mr cooter thats your time up thank you and goodbyeZG ring ring hi ZALCO everything going to plan we did say they would change plans run out of time and we could give the license to you. he he heLC on the way home phones Colin Bird CB how did it go LCLC Fantastic they will consider my plansCB great stuff i knew it would be easyLC yep Zambia is good for businessEnd of part 1
stuee123
10 May 2018
Klueloss I'm doing my bit for BMR investors. Others will be doing there bit. Everyone can do there bit. Jubilee Leon Coetzer will not stop until they have BMR. There greed for more is very apparent to me in some ways i think they are annoyed they did not get BMR's assets. Ultimately we must say to AB NO MORE TO JUBILEE. I think we both are on the same page there. What happened to the BMR Watch. Are they active. AB deliver a deal for LTH's and do what is right for us not Jubilee
stuee123
10 May 2018
Eric draven Eric don't be taken in by Rosewall or anyone of them. They want to belittle you. They want to demoralise you. They want you to think that Leon Coetzer is the messiah. They want to play with your insecurities with BMR. They want you to accept that the only way forward is to bow to Coetzer and Bird and thank them for saving our investment. All i read is lies lies lies and more lies. I have become active only twice in 7 years. One in the GG when we uncovered Masoud's lies ultimately costing him his job. This is the second time i have become active as i believe the 3000 shareholders should be active and concerned. Clearly bully Leon is not on the same page as Colin Bird as he disregards any JV whereby BMR are the lead on the project. Our assets and license. He thinks he owns the lot. Why would he talk like he owns the lot unless ultimately he thinks he will own the lot. IMO LIES Leon says he met the President. Lies he met the mining minister. Lies he was the architect in getting the license back. Lies Kabwe belongs to Jubilee. This is a guy i do not trust. Do i believe he can deliver the project YES. Do i trust that he will just accept the terms NO I DONT. AB has to pull something out the bag here and show he is on our side and not the Jubilee side
stuee123
09 May 2018
Bringmyreward I think you are beginning to see my point when it comes to Coetzer. Right from them off he has spoke about Kabwe as his Kabwe. He is very aggressive with his approach to Kabwe and wants to portray Jubilee as the dominant force. They want more than what has been offered. I don't trust the present Board of Directors to protect our independence. AB needs to show me he has the long term interest of BMR at the front of any negotiations. Is the BMR watch active these days. LC should shut up and stop talking like Jubilee are running the show. I'm not happy for sure i din't invest in this company for it to be thrown away to Colin Bird. If Jubilee merged or gained more from the Kabwe deal it will be the biggest scandal imo more than Masoud. I'm sure others think like me and will be doing there best to protect there investment. AB gives us something to cheer. Do not give BMR up to Colin Bird and Coetzer.
