BMR Mining Share Discussion Threads

[deme1] 25/10/2017 16:18

maybe he will give JLP the rights to the tailings for a small fee.
JLP have history of buying tailings.

[kryptonsnake] 25/10/2017 14:57

I'm happy that we have JLP to help as we clearly need it. On the other hand I think the board should suffer for the mess they have put us in.

Can't blame JLP for what's happened, it's Alex that has allowed it. Alex has still got to sort out finance for the near term. What will he do next?

[deme1] 25/10/2017 14:46

To think that some hinted that JLP could help out BMR because of Colins interest within GLR. Not once did anyone suggest that JLP would bend BMR over and slip it a sausage.

Genuine question

Who here is happy that JLP are willing to step up and get your project moving?
Even if it means losing 40% of the profits?

[kryptonsnake] 25/10/2017 14:20

You got a plan smelly? Just get us plenty of funding whilst you're at it LOLsss

[qsmeily456] 25/10/2017 13:52

Good.....then no time to waste LOLsss

[banking_losses] 25/10/2017 10:31

I would back anything that saw the removal of the board. Why should they benefit and LTH get shafted given their performance.

[fireball xl5] 25/10/2017 07:06

Yes QS, I think that anyone would back that. Lack of clarity, direction, project management, funding etc etc etc are more than enough reasons to get someone who is aligned to shareholders. It seems we have all taken all the risk at each call and get a negative equity holding.

[qsmeily456] 24/10/2017 18:15

Ok. But rather than wait if someone raises the $3m subject to DD will you back them to remove the dead wood and run the company on the basis their rewards are shares in BMR and their interest return on the loan is out of the processing profits and that loan is secured against the Kabwe assets including the tailings. Loan interest accruing day 1 at 15% but rolling until processing and loan interest and payment being either converted to shares at the market price averaged 30 days prior to funding or paid from cash flow of sold processed material or any combination thereof.

And do you think if an EGM were forced most shareholders would back giving the new management the right and power to remove bill and Ben? And importantly back that deal? LOLsss

[fireball xl5] 24/10/2017 17:24

Just can’t beleive it to be as you all see it. It’s a JV that processes, it has to pay for the material. We better beg to differ until we see the detail. If you and others are correct I’ll be the first to slam the truncheon into the dark hole.

[qsmeily456] 24/10/2017 15:38

And down the dog goes LOLsss

[qsmeily456] 24/10/2017 12:29

I've got 2 words as Hale and Pace used to say... LOLsss

[qsmeily456] 24/10/2017 12:27

These are assumptions you are making balls.

I've read the RNS and I've seen the last 2 paras. Now * etc is also at risk LOLsss

As for your glass is half full what the heck have you paid the current board to do other than shaft You? BMR were building the plant and eveything was in your control. Now it's a maize of links conditions uncertainties and you ain't going to see any profit for years now so dream on all you like. Plant is not ready until June at best then it's paying everyone but shareholders.

What a fantastic deal you must be really happy after 12 plus years to wait another 3 at least PMSL LOLsss.

[fireball xl5] 24/10/2017 09:18

Market impressed by lack of detail, the formulation document is what it is and sets out a funding structure and commitment.

[kryptonsnake] 23/10/2017 18:01

LOLsss smelly, fancy meeting up to give Alex & Jeremy a good duffing up? LOLsss

[qsmeily456] 23/10/2017 17:24

Market clearly impressed like you balls PMSL LOLsss

[qsmeily456] 23/10/2017 16:51

Balls you've sold your soul. For just over £2m your board have given away multiple millions if not billion and you call it a good deal. Wait till I see you LOLsss

[fireball xl5] 23/10/2017 14:30

Changed the above post so.
Its a bit of a negative view from most as they are interpreting this as a 40% giveaway, its not. We are allowing a JV processing agreement to process our tailings and the distribution of that operation is 60/40. We have no idea yet what pricing mechanisms are set and we retain all assets as far as I can see. I stand to be corrected. It gets us producing and cash flowing.

[99jeremiah] 23/10/2017 14:28

MA's still got my £20k. :-(

[banking_losses] 23/10/2017 13:53

"We don't know the minutiae of the deal"

isn't that exactly the problem?

[qsmeily456] 23/10/2017 13:52

200 shareholder putting up £20,000 would solve the issue. I'll put £50k on the table now LOLsss

[fireball xl5] 23/10/2017 13:37

I totally disagree. We do not know the minutiae of the deal. The funding and expertise is now in place and we have the capital with a partner to advance Kabwe and monetise the tailings. There is obviously a fair deal of risk attached to the processing and there might be other reasons why funding is not easily available, hence ACI taking the risk early on to syndicate finance but unable to deliver. I don't know other deals were on the table but it looks like this was the best on offer. We are to repay loans to EPL, by the group and JPL. The plant is to be owned by EPL as I see it with Kabwe operations responsible for the construction and operation, though it does mention funding. We see the 10% on a cost + basis chargeable to the operator. We do not yet know what transfer prices are to be and how the processed material is to be sold to market. This is particularly relevant and does not preclude BMR setting up an alternative processing arrangement for its tailings. There is a lot of scope in the deal up to the 28th Feb and more detail.

Its a bit of a negative view from most as they are interpreting this as a 40% giveaway, its not. We are allowing a JV processing agreement to process our tailings and the distribution of that operation is 60/40. We have no idea yet what pricing mechanisms are set and we retain all assets as far as I can see. I stand to be corrected. It gets us producing and cash flowing.

[qsmeily456] 23/10/2017 13:27

Shareholders should stop this deal. Independent investigation is required while the deal DD takes place.

$1.5bill for £2.3m is not even funny and certainly not in shareholders best interest. A different board would have sorted this.

So you lot accept incompetence and continue to pay the incompetent ones LOLsss