BMR Mining - BMR Stream Log

Just a thought but I remember a lot of people feeling much better after speaking with MA too

I wonder who "they" are that want this pushed down. And pushed "down" to what ?

Same old carp being spouted on lse, its like we've never been away

consider this...IF AB is alloed to proceed unchecked...he consolidates 10/1 and then issues 500m new shares to whoever...perhaps himself, his friends or his own company or a combination thereof and now has c.85% of the equity for £500k with assets of at least £9m. Then, as a majority shareholder we are forced to sell out to him on the same terms and we are wiped out at a pittance and then, miraculously, the assets get revalued upwards again ......in my view we are in danger of being hoodwnked into voting for our own extinction.

sorry for the typos

let's be really clear..there is absolutely no case for reoving pre-emption rights...vote your shaes, get to the agm, vote no

wait for it ....

AB has shown his hand and must be opposed. If he was concerned about shareholders he would not be seeking to remove preemption rights. Quite the reverse. He would say - "look, you guys have been through the mill. So we may need to recapitalise but if so, you will have first refusal so any dilution you experience is because you chose not to invest"..instead he offers us double dilution and by next year we will be back to 1billion plus shares and we will have experienced a 90% ownership dilution and value destruction. Simply outrageous.

and, as if by magic, right on cue

If AB was on our sides - he would go to the markets with a much more positive story...company ok despite problems...quality asset, cash in the bank, good team, good plan, no knee jerks off to work...instead he let's MA eta al off the hook and comes to kill off PIs