stuee123
07 Apr 2018
Re: Proposed I would have no issue with a BMR Director and Leon as Chief of Operations in the new JV company
TheWeeble
07 Apr 2018
Re: Proposed JLP had the expertise and financing and BMR had the tailings, it was a perfect fit. Now we've got that fit, it's in all shareholders' interests to avoid duplicating costs. Genuinely, which CEO do you think would take BMR shareholders further, Alex Borrelli or Leon Coetzer?
stuee123
07 Apr 2018
Re: Bringmyreward My point was that Jubilee played a tiny part in the return of the license. BMR used all there contacts power to demand the return. My point is Jubilee did not get the license back. This is way above Jubilee mate. Trust me on that one. Bmr used the JV as a leverage tool yes but Jubilee coetzer do not get the credit .
TheWeeble
07 Apr 2018
Re: Bringmyreward If BMR had such great contacts with the Zambian government, the Kabwe small scale license wouldn't have been withdrawn in the first place. BMR got its license back because of JLP's track record at Dilokong and Hernic and undrawn USD $50m loan facility.
stuee123
07 Apr 2018
Re: Proposed Hi TheWeeble. You have confirmed my point. What Jubilee really want is the asset (Kabwe). This is where the power lies. Jubilee could not wait for BMR to lose the license hence they cracked a deal with BMR even though the risk was high but it shows the desperation of Jubilee that they paid for 29% potentially for nothing. They knew about the license revoke but could not chance it going anywhere else. This tells me how fantastic Kabwe is and how desperate Jubilee are in processing a first class asset easy cashflow for both companies. If Jubilee ever got there hands on BMR i would cry corruption myself but i believe BMR are now ready to look ahead expand. First one to 15p Jubilee or BMR.
TheWeeble
07 Apr 2018
Proposed £1m Placing I'm a JLP shareholder so I would say this but if I was a BMR shareholder, I'd rather be taken over by JLP if they were willing to offer a fair equity swap than get diluted by more placings. You'd get access to an undrawn USD 50m loan facility for funding plant construction and a CEO with the chemical engineering know-how of Leon Coetzer, a guy who was Head of Process Control & Instrumentation at Anglo Platinum for 16 years. I've work with Alex Borrelli, he's a nice guy, but he's a corporate financier, I don't see what he's bringing to the table at BMR apart from acting as a caretaker CEO. When Kabwe is up and running, JLP will move onto other surface projects, but where will BMR go under the current management team? As a JLP shareholder, you'd have a range of surface projects, some already producing earnings and covering day to day costs like Hernic and DCM Chrome and some in the pipeline like PlatCro and DCM Platinum. Plus 63% of Tjate on the back burner for long term upside. A £1m placing is nothing like what's needed to cover BMR's 60% share of Kabwe plant construction costs and working capital requirements to get everything up and running. What happens if BMR can't raise the remaining funds required to meet its obligations? BMR shareholders should think beyond Kabwe and consider the diversification, pipeline, plant financing, and know-how benefits that being a JLP shareholder would bring. £1m will keep the lights on for now but with Kabwe the only realistic prospect for making money in the medium term, its earnings may end up paying salaries and covering overheads.
stuee123
07 Apr 2018
Bringmyreward The problem for Jubilee shareholders is that they wanted BMR to go out of business. They thought they could pick up the license and buy our assets. Jubilee would never get the license. They have no contacts relationships with the Zambian Govt. Jubilee had no representation to the Zambian Govt ref the license appeal. They have no footprint in Zambia. They hate the fact we own the asset in fact everything at Kabwe. Jubilee will do all our work for us for a repayable fee but this is all about producing a product. Once we have done that doors will open, new opportunities. If the corruption theory is to be believed then i would guess they will show there hand soon enough when we are producing. TBTT etc are gutted they sold out because they will have to buy in higher and look a complete mug for selling trying to make himself a big shot selling out. Its a real pity the boards have a new set of dks to contend with but i remember TBTT rubbing our noses in it on suspension. They are dks to be ignored or to be proved wrong.
Ripley94
07 Apr 2018
Re: License reinstated I'm a bit lost here "my stocks go "....... have i lost my investment here ?Thanks if anyone can give a quick update .
my stocks go down
07 Apr 2018
Re: License reinstated It would be a disgrace if existing shareholders don't get offered shares... that said, of course we won't (the mention of the select, small group of insiders was already mentioned in the previous Results RNS). As ordinary holders, we've only ever been shafted here. And that's what we will continue to be, until eventually - against all the odds - we actually end up with a half decent share price... just imagine if we had been treated fairly through this whole journey, were offered to partake in capital raising rather than the select few etc. Sure, we'd have less cash, but we would have a far more balanced average share price. Anyway,I've personally had a nightmare decade on AIM and once I am out of my last few shares I would seriously consider never coming back. As an ordinary investor we only ever get sh..a.t on.
Ripley94
07 Apr 2018
Re: Steve More ( TW ) ( SP ) Might be looking a Little better this is showing as 100% loss in broker acc.
stuee123
06 Apr 2018
Re: License reinstated Lets see what happens when suspension is lifted. Great work on lse by Bringmyreward. Even Klueloss is optimistic pmsl
osammyboy
06 Apr 2018
Re: License reinstated Subscription shares @3p with warrants @5p would suggest they expect relisting within that sp range. Don't suppose we'll be offered any
stuee123
06 Apr 2018
Re: License reinstated Apologies for the mistypes . On the phone
stuee123
06 Apr 2018
Re: License reinstated Im not having a go at Jubilee. Im having at coetzer who should not have divulged information that concerns bmr shareholders and did not have the authority of BMR Directors. Jubilee have not saved BMR trust me but will eneter into a JV with BMR where by they own 29% and i would remind coetzer he should show more respect to Bmr. This is a JV that can work but it hasnt got off to the best start imo. There has to be coordinated rns's from the nomads where that situation does not happen again so coetzer please use your brain.
isphahan
06 Apr 2018
Re: License reinstated stuee123, I do not understand your antipathy towards Jubilee. If your own directors fail you, why blame Jubilee to inform all shareholders (including BMR) of the positive news.Without JLP your company is dead in the water. Indeed the JLP share price is not performing well partly thanks to the BMR saga.
