BMR Mining Share Discussion Threads

[plat hunter] 25/8/2019 19:17

Bring My Reward is a dangerous individual, I'd be careful with that one Fireball

An enthusiastic and willful Walter, who unwittingly or wilfully assisted Borrelli in keeping PI's busy with wish list dreams, promises and subsequent inaction.

If I am not mistaken, he's even requested "donations" from fellow PI's to boot on the back of some very poor advice and activist strategy

[fireball xl5] 25/8/2019 10:36

For any interested:

Great to meet holders yesterday and put faces to Avatars. We even met a very large shareholder, a lady with a small interest and a very jolly chap originating from Aus. Bring, Klue myself and Mr Aus took it upon ourselves to uphold the post AGM Alikhani tradition and nobly attempted to drink the Globe dry. Our largest personal holder was also present. We must increase attendance for the next meeting and have an overall willingness to plot the best course for what remains. BMR is a fugitive to reality until the option to acquire EML is exercised by JLP. Once this takes place the royalty agreement, whatever this may be, kicks in. I presume that Alex and co will agree this and on acceptance and signing the option could be exercised. I believe they have till September 2020. Without EML under jubilee’s belt, they don’t own the tailings and whether they have access to the site or the tailings needs to be clarified with Alex. The Sable plant just purchased would be pretty Patel useless without exercising the option. Please correct me if I have some of the ownership rights or the large scale minIng licence wrong. As far as I’m aware, although I wouldn’t be absolutely sure after recent revelations, EML and its subsidiaries EProps and EPro hold the assets on behalf of BMR. Once JPL exercises it’s option over EML I presume the royalty agreement , yet to be revealed, kicks in and we receive our 11% due to the excessive capital spend on Sable by JLP. Well that presents a dilemma, if there is no agreement then I presume no option can be triggered as a non royalty agreement cannot be triggered.

It’s absolutely pointless to allow the board to provide the sub division and pursue the Dysentery venture and potentially dilute existing holders to the same revenge. We must get the EML deal over the line and the royalty triggered. I’m presuming that Kabwe Operations would free carry the asset the way Leon has put the deal together by repayment of the capital project funds to Jubilee. As part of the royalty deal that asset should be owned on the original 60/40 basis or Kabwe Operations should be required to purchase that share. That would allow Alex to pursue Montezuma without the need to raise and dilute. The royalty is extremely valuable and whether it is ring fenced, which would bear administrative costs and not be open to new investors, or used as an income stream to lift our share price above 1p on relisting. Jubilee could release their 29% to investors, get out of being in a conflicting situation and recoup their investment. The royalty needs to be tightly monitored and collected so that the revenue stream which will be substantial unless the sly bod have a cunning plan to rape and pillage. Alex can use the royalty as an incentive to future investors or a new captain can use the income stream and the bags of losses to reverse in other ventures. We now need to be very clear and we need to be in attendance and attentive.
We need to carefully monitor Alex’s next steps and work with him under scrutiny to ensure our interests are carefully protected. Remember, JPL do not have the tailings or the site. Alex appears a little battle weary and susceptible to Colin and JLP’s intentions may not be totally honourable. I suggest we look to maximising our current position as we have the asset and JPL have a plant, together we can tango. I would like for some of us to carefully monitor events and contracts going forward, I have a family member who might be able to look at contracts/agreements or we can designate an independent third party agreed by BMR and JPL.

We made have stopped some strong arm tactics yesterday and not allowed vultures to enjoy their supper. Yond Alex has a lean and hungry look, but he doesn’t think enough like someone BMR.
I do feel that a small number of shareholders have been grossly misled by management for whatever reason. Those should maintain their own court until we meet and discover what the next steps might be.

Apologies for being a little verbose but I’m tired of being treated as an irritation and so I believe are my drinking compatriots. BTW, the last AGM I attended someone threw themselves under a train and I missed the main part of the event. Last night someone once again decided to end their days on nearly the same stretch of track. Although not arriving home until 6am my thoughts are with that person and any family and friends

[atino] 24/8/2019 22:39

dear shareholders...this is how it should have been done ✅...all them years go - the Kabwe plot (grand picture of coming to “one” is now complete 😍 (...something that phat bar-steward Masoud couldn’t do !) 😏


TOOT TOOT 🙌 significant news ! Jubilee Metals officially has operational footprint in Zambia with Sable Zinc refinery -

🙇 INTERVIEW: An exciting time for Jubilee Metals as footprint expanded -

(Quote) Jubilee Metals said it had completed its acquisition of Sable Zinc Kabwe from Glencore for up to $12m, giving it control of a multi-metal refinery project in Zimbabwe.

The company said the deal significantly reduced the Kabwe project implementation time lines and project capital requirement.

It was planning to recommission the current copper-cobalt circuit during the fourth quarter of 2019 to achieve earnings during the build phase of the zinc vanadium, and lead circuit.

First production of zinc and vanadium was targeted for the second quarter of 2020.

Jubilee had already made a $6m payment to Glencore.

A second payment of $3m would fall due on the earlier of the completion of the conversion of the plant to a zinc processing plant or six months after closing.

The third payment of $3m would fall due on the earlier of commencement of commercial production of any saleable product at the plant or six months after the second payment.

[atino] 24/8/2019 22:35

Sick moves 🙇😉👍

(Quote 23/8/19) “Metals processing company Jubilee Metals Group announced on Friday that the sale and transfer of the entire issued share capital in Sable Zinc Kabwe to it has been completed, allowing the company to begin the implementation of a fully integrated multi-metal refinery in Zambia.

The AIM-traded firm said the acquisition "significantly reduces" the Kabwe Project implementation timelines and project capital requirement.

It said the refinery, together with its Kabwe surface resources of more than six million tonnes at surface, established a "fully integrated multi-metal operational footprint" in Zambia.

Jubilee explained that it intended to recommission the current copper/cobalt circuit during the fourth quarter, to achieve earnings during the build phase of the zinc vanadium and lead circuit, with first production of zinc and vanadium targeted for the second quarter of 2020.

The acquisition expanded its commodity basket to include copper, vanadium, zinc and lead, the board added.

It said the multi metal refining operation afforded the firm the opportunity to "rapidly expand" its metals recovery footprint in Zambia, which the company was actively pursuing.

"Completing the acquisition of the refinery is a key milestone in delivering Jubilee's Zambian strategy of establishing a fully integrated multi-metal recovery operation," said chief executive officer Leon Coetzer.

"The refinery, which will be the only one of its kind in Zambia, opens tremendous potential opportunities for Jubilee to significantly increase its access to additional surface materials for further refining."

Coetzer said the advancement of the Kabwe Project was in line with the group's strategy to diversify earnings across multiple commodities and jurisdictions.

"We are able to fund the acquisition and implementation of the Kabwe project from our current cash reserves."

[fireball xl5] 24/8/2019 00:06

He spits, well one swallow doesn't make a summer:)

[sleveen] 23/8/2019 15:56

Double LOL

[kryptonsnake] 19/8/2019 17:41

I can't make it to the AGM

Can somebody ram the Chairman's statement down the Chairman's throat?


LOLsss

[wiggle1] 19/8/2019 12:53

Smelly, how's it going?
Yeah, so now we have 10pct of 10pct of what we had a couple of years ago and we still have to pay back more than it is worth before we get a small percentage of something that may never happen !!!

One can only hope that the BMR management (previous and present) get everything they deserve !!!!!!

[qsmeily456] 13/8/2019 12:46

Who is going? To the AGM when we see the promised resolutions.

I take it you've all read the Chairmans statement?

30% and 20% Capital rate extortion oh and now it's only 11% some time never.

Meanwhile the Chairman and Directors say giving away 89% of over 4 billion of resources was well worth an investment of 19m with charges of up to 30%.

Oh and that 19m plus charges has to be paid back before bmr get the 11% royalty

Well done that team LOLsss

Dont forget who invested in Esther and then gave it away for free.

Then theres the peer reviewed and technically validated processing which we then build 50% of the plant for that both directors confirmed on several occasions that it was all validated economic and totally doable.

Then there was the funding partner that both directors said would deliver and had done comprehensive DD on, that turned out to be a sham a small outfit that failed to deliver but that the directors insisted would deliver and didn't put in place any alternative plant funding in place for nearly 8 months by which time they argued there was no other option but to give more than $3billion away arguing they couldn't raise 2m and the technically validated , tested and peer reviewed processing would no longer work.

I must have missed all that when reading the Chairmans statement LOLsss

[greyseal] 08/8/2019 15:25

According to the twitter account, we should have receive corporate info regarding a vote. My shares are held in an ii account and I haven't received anything other than name change. Should I be receiving something via ii?

Thanks

[liveit2] 01/8/2019 16:30

it appears we will be soon be put out of our misery - what an awful ride its been -

[wiggle1] 03/6/2019 09:50

I've been away for a couple of months and (foolishly) thought it may have been issued...but as you say, nothing ever goes quickly with this mob !

[fireplace22] 31/5/2019 12:57

The company is preparing a circular for distribution to the shareholders - that was 5 months ago, about 6 weeks ago it was due 'shortly'. Don't hold your breath.

[wiggle1] 31/5/2019 12:51

Anything going on....?

[cptborelli] 30/3/2019 14:12

Captain of the ship Borelli will, I don't care about shareholders

[sleveen] 30/3/2019 13:34

Oh no you're not.

[cptborelli] 29/3/2019 11:57

Going to my money back, going to get my money back yeahhh!

[plat hunter] 28/3/2019 17:59

Well for all intense and purposes, you've lost your money and can't do anything with it until you find it. You'll find it around 2021 it seems :-P

[kryptonsnake] 28/3/2019 16:45

Plat,

So you don't think I've lost all my money then? I was getting worried because you kept saying I lost all my money in BMR

[plat hunter] 28/3/2019 14:19

You got a deal for 30 x MCAP in earnings, when know one else would bring capital into the business.

your holding isn't liquid and that's frustrating but you're going to make on your investment in due course.

Not many other suspended AIM stocks can say that. You could be a lot worse off indeed.

[poombear] 28/3/2019 13:34

How can you say he has done a good job, when he has lost 90% of BMRs assets without ever getting near to production. JLP on the other hand appear to be showing us what should have been done.

[plat hunter] 28/3/2019 13:08

Krypton,

I only ever air the truth, if it's inconvenient or ugly, it'll still be the truth.

If you scroll back far enough on this thread, you'll see that I said something very similar about the outcome and even described Borelli as doing a good job.