Why does Clockworkorange get upset with voters?
Oh dear Omar is at it again....nothing too difficult to fathom about Kansai Mining...RRR are the single largest shareholder having bought lots of shares during Kansai's suspension...no one ever could explain how a company that can't produce accounts can have any defensible value...and among RRRs deals were a really funny one hidden in the October 1st 2010 IPCM announcement...when I think nearly $500k of RRRs cash changed hands with Kansai...plus Tom Crom's little side deal at a significant premium...but given RRR are the biggest single shareholder in Kansai and Bell and Walsham are both directors of MMM...all very fathomable
Oh well..looks like MTR won't be investing in BMR....shame
BMR is now in play. PIs have voted for mass dilution...from 100% to 33% this year and 16% next year...the questions are..1. Who will pick up the 84% 2. how quickly will assets get positively revalued..
Rrr was great value at 1p when pumped with a 61p upside potential...since it hit 19p and Yorkville began shorting it has been a long road of continuous shareholder value destruction and look at the fees, emoluments and administrative expenses..
MTR in my view remains the play for BMRs assets....