Bringmyreward I am confused. Why is there talk about a meeting with ZEMA. I thought Jubilee were pivotal in getting the license back and would have contributed to the timelines and presentations prior to the License being restored. Why would Jubilee now seek to alter that. That being the case Jubilee are just as incompetent as everyone else on this matter. Bringmyreward you should start another Google Group one that would be bigger than previous, administer it. Whether you like anyone or not there needs to be a group t show force. Apparently there are 3000 investors in BMR. What d you think?
Andy on LSE It is a must/priority that Jubilee try and create a relationship with the Mining authorities. This will be essential as the project moves forward. The conditions were clear . Any deviation from this will be extremely difficult as the Mining Dept did not want to reinstate the license. AB and others honestly thought it was gone for good hence this stuttering start to life again. Im sure they discussed the framework of the deal but in reality and lawyers etc it gets a whole lot complicated. Jubilee may feel the conditions are extremely tight and may want to test the water with the Mining Dept and look for flexibility. I don't think it will be an upgrade of the plant with higher tonnages and vanadium attached. This would then need approval from ZEMA and with vultures hovering the Mining Ministry may see this as the opportunity to revoke for good. JH has gone and thus the new operators must now build a relationship which will take time especially as they were all called corrupt by JH. AB was clever he stayed well away. They wouldn't even know who AB is imo. That connection between Govt and BMR has gone albeit you could go through third parties etc. A furthur 4 week delay could be a red herring and and allow AB to set up the next few rounds of good news. There is talk on LSE about Gallileo in particular Mikesurt who i would guess has had a week heads up hence his new approach to BMR. Gallileo would be a good fit with BMR as it holds Star Zinc rich in Zinc. It would make sense for both companies to see a way forward together using Jubilee as the operating company . Is there now an approach to the Mining Ministry reference Star Zinc. There are large companies waiting on BMR to falter. We must not give the Mining Ministry a reason to get the big guys involved. Jubilee are not a good fit for BMR but Gallileo could be. AB wants a bigger market cap so he can seek better investment levels as we have seen with failed bid for MTR. AB is a money man. Very clever with accounts not so on delivering a mining project he much prefers passing it on to others sit back and create strategy deals with others. Jubilee will be happy with there 29% in BMR as BMR look to grow with Jubilee as operators. One thing for sure the drama never goes away . p.s Alot of nonsense on JPL the reason is the share price is going nowhere and Jubilee are desperate for Kabwe just as much as we need them. Listen to Coetzer describing Kabwe. Listen to Bird describing Kabwe. Its as though this was the plan after all.
JLP Deal Deal done now it is time for this BoD to fund the deal.Now be careful of the loan sharks in the City.They will want their 'pound of flesh'.Come on BoD it is time to work some magic.You will not go bust now, so keep to the agreed timetable. Honesty is the best market policy.GLA.
Re: Lse I have no issues with anyone who wants to buy and sell shares. There is a group on LSE though that want to influence shareholders decisions. Shareholders are not stupid. The market is not stupid. They can try there best but as i have always said it's up to AB to deliver the news that will set a clear path to production. I get more annoyed with LSE themselves who have always allowed boiler room scams, groups who share the same goal to influence shareholders to buy and sell. Why not allow the RNS's to do that. LSE platform is a disgrace and i can tell you they wouldn't get away with it over here on ii.
JV deal Deadline for the deal to be signed is Monday. Although it can be extended, I imagine.OD
Re: Lse does any body care about "investors " on the AIM.......LOL.....I don't think so...lol
Re: Lse Yes banned for life. Lse have always been a platform for groups of traders which Lse will turn a blind eye to. Many greedy traders on the boards there who don't care about hard working honest investors.
Re: Lse I have no idea when we will relist. I know AB and others will be carrying out DD before anything is announced. I think AB has bigger ambitions than just Jubilee. I disagreed with JH on the license strategy however he was adamant that there was corruption being played out within the Mining Ministry. JH signed his own death warrant but like i said we got it back.
Lse Sadly i was banned by Lse years ago defending the indefensible lol. I can only do what i can here. Seems like im no where near the front line lol.
Re: Jeremy Hawke Klueloss JH as i said fell on his own sword . He could not continue connected to BMR as you cannot call out Zambian officials as being corrupt. There was no going back after that. We need new blood to build relationships with ZG officials. JH got the license back it was just his methods
Shareholding I have made it crystal clear that bmr should give nothing more to jubilee. We need to find alternative investors for bmr to protect the company. I dont want any part of jubilee . AB has always wanted to make the company bigger hence the quick failed mtr bid so i would envisage he will look at other possibilities that are related to what we are doing. Bigger company better finance deals.
Jeremy Hawke Whatever you think about Hawke on LSE i can tell you for a fact that he saved the company on getting the license back and ALL your investments. I am no fan of JH as he played his part with AB in dragging the company to license revoke. Simply i disagreed with the strategy however the result was it was reinstated. He fell on his own sword. Alarmingly though ALL private shareholders should be coming together and speak with one voice again as the relationship between AB and CB makes me nervous whether what happens in the future is for BMR shareholders benefit or for Colin Bird and his companies.
Re: BMR Stuee, BMR's Kabwe seems indeed a great asset. However whilst the mining license was revoked these assets were no more than heaps of sand and for a while that is what Kabwe's assets were. It is without doubt that the JLP involvement was crucial to have it re-instated. BMR alone had nothing to offer to the ZG in pleading for re-instatement.No large mining companies have shown any level of interest in Kabwe at all. BMR's own pursuit of finance was a dismal failure. Perhaps the finance company (via off-take agreement) pulled out because it believed that BMR would not deliver. Interestingly though, the off-take agreement (this time for payment) can be revived as they are still interested to take the output.Stuee I think you are overplaying BMR's hand, as much as I appreciate your enthusiasm for the company. As Kalan wrote time, will tell.
Re: BMR You could be right there Stuee - I think BMR holders know more about this than JLP holders. In the long run BMR had the minerals on the ground, we have the licences now for both areas and JLP bring mineral extraction techniques that are second to none and £2.3 million quid to get it up and running - we were all short term losers through corporate mismanagement but should hopefully all be winners as the plans are put into action.All we want to see is profit - that's what both companies need right now.
Re: BMR KALANIve said for along time its a good deal for both companies. Both companies should thank one another for this opportunity at this time. BMR cited corruption as a reason for the revoke. This cannot be ruled out. If you believe the corruption case then companies with large funds have got to the ZG with promises of huge investments. Typically the ZG will be taken in and what ever back handers are given will get influence. BMR and parties fought hard to get it back. The new mining minister was stroke of luck. Im afraid JPL would just be at the back of a very long queue in other words they would have no chance in getting the license hence they took a 29% stake in BMR.