Eric free information for you and others. ZEMA approve the process not the 5tph quoted. BMR can build 15tph if they want just as long as they keep to the process that was submitted and approved. You can retrofit plants as the plant is being built. JUST GET ON WITH THE JOB JUBILEE. Pick up the phone, email, tweet, text but get the message to AB GIVE NO MORE TO JUBILEE. Don't wait till it's too late guys. p.s I have no information to suggest that would be the case but i'm sure Coetzer would want more of the pie.
I appreciate you are doing your bit but you miss the point. They can tell you what they want. How do you know it's true. Was ACI true. Did it happen. What do you compare the answers to. Do you have any other information avenues open to yourself of value. You can't wait until you sense something is going wrong. Act now and demand that Jubilee get no more of the pie. Put pressure on AB and say we won't accept giving anymore to Jubilee even if the plant requires expansion. Jubilee are aggressive. Coetzer an aggressive talker he will want more now. We must say NO NOW before it is to late. If your saying 3 investors will take up the placing they are doing there bit as AB could give more away. Sadly ZEMA dictate what can be processed. I can't remember but im sure it states approval for 5tph.
Firstly if the new JV keep to the existing terms of the JV there is no doubt in my mind it can work. It is no secret i have alot invested with high average but i think it is attainable based on existing terms. The problem for me is GREED.
ACI deal was used as leverage imo. AB for me kept a distance from that deal as he does because he would never want to be associated with something that may not have been true JH can get the blame for that one all in good time, as he did with the license revoke ultimately rescued by JH but AB kept a distance. He did not want to be party to JH methods. Both AB and JH have not been on the same page. For me they wanted seperate things. Firstly JH felt he could deliver a plant and process. I don't think AB felt he could or did AB have alternative plans where he could not deviate away from. Let's go back JH was the architect of the ACI deal but what did the ACI deal do for BMR. Well the ZG would see investment but probably more so for me was that ACI was used at the negotiating table with Jubilee. Can you imagine what kind of deal BMR would get if we didn't have ACI. It's not worth thinking about. Did JH use ACI to stop AB giving the company away to Jubilee. The longer the ACI deal went on AB had to move quick with Jubilee as the ZG were now looking to enforce a license revoke. The ACI deal was dead in reality but JH kept it alive to give BMR a chance at the negotiation table. This is the big thing, what if AB intended on giving the company to Jubilee. How could this be stopped. Everything now was moving in the wrong direction for JH and investors. Maybe one thing could save BMR and that was the license revoke. It basically protected BMR from Jubilee vultures while terms were negotiated. The license could not be given to Jubilee. Jubilee were snookered. They committed to a deal with BMR anyhow as the risk outweighed losing the JV and thus BMR would have found it even more difficult to get the license back. Jubilee are desperate for Kabwe in that they felt it was acceptable to sign up knowing fine felt the license was in jeopardy. They had to move now rather than wait until BMR were in big financial trouble and could have really ripped us off. I am beginning to think we were put on that list intentionally to protect BMR shareholders a risky game was being played out but it worked. That's why now AB has been forced to alter plans but Jubilee will not let this go imo and clearly Coetzer talks like he is lord and master and soon to be king of BMR. We stopped that from happening but greed and control will come back but the license revoke and restoration has helped us and stopped any kind of devious plan. This is why i say go and find the truth mobilise the troops, BMR watch if your reading this get active again. 3000 shareholders in BMR make it clear we do not want to give anymore to Jubilee, stop dragging your feet Jubilee as the license will be lost and jubilee and bmr will lose out. I think someone made a great chess move in all of this.
BMR Watch website is still open but is completely inactive in terms of contributions from shareholders. I think when we saw first hand the total apathy of shareholders when they voted on AGM resolutions including voting to remove their own pre emptive rights we kind of realised that on the whole most people enjoy moaning about their predicament but not enough to actually try and do something about it.
With shares in issue now tripled I'm not sure what percentage of shares are now actually in private shareholders hands. You've got JLP, Peterhouse Corporate Finance Limited, Borrelli Himself, Colin Bird and his co. Tiger Resources, Amazon Hill Ltd.(if they're still holding). Between all of them they hold at least 35-40% of shares in issue.
I think private shareholders are kind of like a deer in headlights now and AB is driving drunk looking to increase his kill score. In general we are desperate and will accept any old deal due to the way Borrelli has run the business. Everything takes time but can't help but feel these extended time periods of inactivity are to help run down our cash position to make us nice and cheap for anyone eyeing us up and weaken our negotiating position as reasonably shareholders are left with no arguement on the terms because AB doesn't ever let in what alternatives may be possible, not for the matter if he has actually tried alternatives.
JLP are a marriage of convenience for AB. He can blame them if it goes wrong and only shareholders will suffer while he can continue to award himself ever increasing remuneration.
We should've held him to account from the start and never let up. He saw what a Alikhani was able to get away with and he knows he will never be held to account.
Im all for investors to phone AB and ask questions but he will tell you what he wants to tell you. My point is to find the truth you must seek the truth. You say LC is going out there to alter deadline dates. Do you feel the Mining Ministry did not consider these deadlines are feasible after BMR's ( Jubilee's) presentations. We have wasted weeks potentially 2 months after the license was returned. Is this satisfactory. What if the Mining Ministry stick to the deadlines sanctioned by the Mining Minister. What happens next? LC must go there not just to plead for flexibility in the deadline dates but must add something to the process where they can charm the Ministry into the flexibility we want. They will look at Jubilee and ask them why have you not started to build as promised. Nearly 5 weeks have passed since we gave you the license back and instead of building you are back here looking for change. Bring there is more to this than deadlines. AB will not tell you what is really happening but keep calling. I much prefer to seek the truth.
It's simple for me. You keep to the plan. You start building NOW. As the build progresses you add the EW plant at a later date which will be approved. Everything within the budget agreed including an EW plant under the JV terms. Once you have a proven process producing pure Zinc then it is lift off sky is the limit. Watch what happens after that. Jubilee are desperate to a bigger chunk of the pie as they know the potential outcomes. As BMR investors we cannot allow the pie to shrink. The wheels are in motion now imo hence Jubilee shareholders are out in force to demoralise us.
LC Hi i am from Jubilee Plantinum
LC Jubilee Platinum from SA now Lord and Master at Kabwe
ZG FFS not again, i thought we gave EPL the license back.
LC ehh yes but we are the new dominant force. BMR do what i say
ZG cough( and we thought the last guy was nuts)
LC I am here to show you my plans
ZG We know your plans as we have your 5 year mining plan
LC No ignore that i am the new Lord and master and i want to change the plans
ZG Ah so the previous plans were just to get the license back
LC cough ( no comment)
ZG Mr cooter we have given EPL strict deadlines to meet or we take the license back
LC I understand but i want you to look at my plans
ZG Here we go again new leaders same story change of plans. Did we not revoke the license because of constant plan changes and a neverending story.
LC This is different sir honestly trust me
ZG (cough) where have i heard that one from. OK you have 4 minutes
LC We want to change the plan
ZG FFS here we go again
LC We want to make everyone rich, the ZG and Jubilee
ZG what about EPL(BMR).
LC do not worry about them we will get there share in good time LOL
ZG Hmmm ok Mr Cooter you have 2 minutes now we have important business with ZALCO who want Kabwe license it better be good
LC ( Gulp ) we want to increase the processing tonnages and we want to build an EW plant
ZG Do you realise Mr cooter this will have to go through ZEMA which will take time to approve
LC (cough) yes and that's why i am here. I would like you to tear up the ministers letter and re write me another
ZG OK Mr cooter thats your time up thank you and goodbye
ZG ring ring hi ZALCO everything going to plan we did say they would change plans run out of time and we could give the license to you. he he he
LC on the way home phones Colin Bird
CB how did it go LC
LC Fantastic they will consider my plans
CB great stuff i knew it would be easy
LC yep Zambia is good for business
I'm doing my bit for BMR investors. Others will be doing there bit. Everyone can do there bit. Jubilee Leon Coetzer will not stop until they have BMR. There greed for more is very apparent to me in some ways i think they are annoyed they did not get BMR's assets. Ultimately we must say to AB NO MORE TO JUBILEE. I think we both are on the same page there. What happened to the BMR Watch. Are they active. AB deliver a deal for LTH's and do what is right for us not Jubilee
Eric don't be taken in by Rosewall or anyone of them. They want to belittle you. They want to demoralise you. They want you to think that Leon Coetzer is the messiah. They want to play with your insecurities with BMR. They want you to accept that the only way forward is to bow to Coetzer and Bird and thank them for saving our investment. All i read is lies lies lies and more lies. I have become active only twice in 7 years. One in the GG when we uncovered Masoud's lies ultimately costing him his job. This is the second time i have become active as i believe the 3000 shareholders should be active and concerned. Clearly bully Leon is not on the same page as Colin Bird as he disregards any JV whereby BMR are the lead on the project. Our assets and license. He thinks he owns the lot. Why would he talk like he owns the lot unless ultimately he thinks he will own the lot. IMO LIES Leon says he met the President. Lies he met the mining minister. Lies he was the architect in getting the license back. Lies Kabwe belongs to Jubilee. This is a guy i do not trust. Do i believe he can deliver the project YES. Do i trust that he will just accept the terms NO I DONT. AB has to pull something out the bag here and show he is on our side and not the Jubilee side
I think you are beginning to see my point when it comes to Coetzer. Right from them off he has spoke about Kabwe as his Kabwe. He is very aggressive with his approach to Kabwe and wants to portray Jubilee as the dominant force. They want more than what has been offered. I don't trust the present Board of Directors to protect our independence. AB needs to show me he has the long term interest of BMR at the front of any negotiations. Is the BMR watch active these days. LC should shut up and stop talking like Jubilee are running the show. I'm not happy for sure i din't invest in this company for it to be thrown away to Colin Bird. If Jubilee merged or gained more from the Kabwe deal it will be the biggest scandal imo more than Masoud. I'm sure others think like me and will be doing there best to protect there investment. AB gives us something to cheer. Do not give BMR up to Colin Bird and Coetzer.
Ok Stuee, thanks for the reply.
I guess we minions will find out more about the situation as it disappears in the rear view mirror. By then we will have more to worry about or we will be singing someones praises.
There's always an element of not disclosing everything until it's out the way or something else is happening to take our minds of it.
I have listened to what leon has said and it does not convince nor change my mind on whether Jubilee met the President and Mining Minister. I will say to you as someone that done heaps of work understanding the license revoke and i can tell you Jubilee would never have a one on one with the President nor the new Mining Minister. That is nonsense. Yes i would say that the Mining Minister would have been aware of Jubilee's involvement but no way did the President meet Jubilee. Total rubbish imo. It is near impossible to get to the President. It is extremely difficult to get to a newly appointed Mining Minster. You ask leon who did he meet when and where. When did he meet the President and in who's company and who arranged that meeting. Listen only BMR could get it back not an outside company. Can you imagine BMR teaming up with jubilee at hernic and approaching the Govt of that country. It wouldnt happen. BMR went strong down the road of calling out top officials for corruption. Why would Jubille be part of that. They kept a distance trust me as anyone would if JH are calling the Zambian ministry as being corrupt. Thats how desperate it got. Im sorry i disagree with you and leon ut i do think what leon is saying is that now the ZG are aware of Jubilee's existance. Jubilee share price has been shocking considering you are producing. I dont want any merger or anything to do with jubilee other than what has been agreed thus far
Have a listen stuee123. https://www.youtube.com/watch?v=ycIyGVoP1sU
Particularly the Q&A's at the end, wrt Kabwe and the Zambian government meetings held by JLP that you are stating didn't happen.
You state 'I will consistently repeat myself just for the Jubilee fantasists Jubilee had no representations to the ZG'.
Take your head out of your butt & smell the coffee. Or are you stating Leon is lying about the meeting on record? I know who I believe.
Also, I believe he came across well in the presentation and JLP are moving forward after a few backward steps.
In 5 years Jubilee share price highs of 5.5p. Jubilee are a lame duck. Never ever will i agree to merge anything with Jubilee unless its my size 10 foot up there backside. Shareholder returns have been shocking. They need BMR probably more than we need them lol.
I will consistently repeat myself just for the Jubilee fantasists Jubilee had no representations to the ZG and did not get the license back. It is absolute fantasy to think otherwise. The ZG would never ever give the time of day to an outside company. The license debacle was BMR's doing no one else. It was for BMR to fight the case whether you call it out as corruption or just pure political kick up the backside. A lack of attention to Admin. The ZG would only ever listen to the Licensee. They would not have given anytime to Jubilee. Yes in our presentations to the Mining Ministry we would mention Jubilee as the tailings experts and that the Mining Ministry would have to get assurances that the Plant build and environmental liabilities would be met. The fact that Jubilee are there now confirms my point. They are asking about timelines dates plans etc. If they were involved they would have known about these deadlines and the technicalities. BMR based there whole argument on corruption and a legal argument on license procedures. There were companies offering investment at Kabwe and the ZG were turned who blames them BMR have made s many changes they lost patience however there is a process. They have in my view reluctantly returned the license with strict conditions which only now Jubilee are trying to understand. My view i think they will be talking about the big picture at Kabwe now. Lets see if Leon is as good as Jubilee think he is and comes away with a positive outcome.
Lets be clear there is nothing that gravitates me towards Jubilee as an investment. Historically they have been producing for some time but the share price is dead in the water. Gallileo is a different beast. There are potential deals to be made there. Money will always be the drag on ambition but both companies have relatively small shares in issue.
I will also add the 3 companies are intertwined now and it's not a case whether BMR can relist. Its a matter of pulling all 3 companies in one direction so when we do relist there will be a clear goal and news flow from everyone. BMR are still in a strong position but can be stronger
Bringmyreward at least now we can knock on the head the fantasy that Jubilee were the main architects on the restoring of the license. Jubilee shareholders are dreamers or desperate probably both but clearly the fact that Jubilee are now presenting to the ZG the plans and are asking about dates times deadlines etc is absolute definitive proof they were not consulted. Potentially really exciting times for BMR/Gallileo and Jubilee if only greed can be set aside and everyone work together for shareholders
I will add Valencia you make it out as though hundreds/thousands were being paid for information. You harp on about irn bru, tunnock cakes blah blah . Approx 30 members contributed £7-£8 each. Now we know that is alot of money to tramps like Valencia but for what was given many were able to make there investment decisions and ultimately contributed to the downfall of Masoud. Poor valencia lost money. His average is 6p. Either he is telling lies which wouldn't be the first time or he sold out and lost money and now holds a grudge boo hoo. Grow up and get over it . What an embarrassment
Many thanks for sharing although i will say this to you. If anything should be learned from the past is that what gets said doesn't necessary happen in reality. There are numerous groups out there doing there bit. If you can't find the truth then you are open to being misled. I am not saying this is happening. I do not think AB is that type of guy however he is now under pressure from Bird and Co who will have there own agenda. I need to see AB delivering now especially as the landscape has changed. His mindset was negative with the license revoke he needs to find passion back for BMR.
On you go Val say something of substance about BMR. Nah nothing as usual.
Valencia tell me the Mining Ministry process for revoking a license. On you go boy. Havn't got a clue have you. I can ask you 10 questions of which you and your buddies wouldn't have a clue in answering. Small traders like you are full of nonsense no substance just bully tactics. Nothing ever changes does it val
There was alot of early interest however the guy that was supposed to act as administrator does not have the time to run it neither do i so it has been decided that a small working group to be formed only a few investors will be in this group. My apologies to all that were interested.
Valencia ONE DAY YOU WILL ACTUALLY POST SOMETHING OF SUBSTANCE. I assume you and chandler are still being fed trading information by trends and targets. You are the most untrustworthy low life on these boards. I hope others see through your sarcasm.
Bring you are your own guy that's why i like you. You do not follow the flock. Valencia was peeved because i refused to give him first dibs on information before the GG so he could make his trades. Thats the fact Valencia. Don't deny it. Sadly he lost money on BMR and has since held great hatred. If you don't collectively get together then thats the choice everyone will make but please don't listen to valencia. Deep down what does he provide. Total nonsense. He thought the game was up. I knew it wasn't.
Individually you are weak collectively you are strong. Is it really worth all your time arguing with the enemy or is not better to represent the majority. I remember Masoud hated the GG as he knew then the game was up. Its up to you guys but where the will see weakness they will do what they want. Who really trusts Colin Bird, Jubilee and AB. Honestly guys . I know there will be individuals fighting fr BMR it's about time collectively we do the same.
The last GG uncovered what was really going on with Masoud at Kabwe. You maybe in contact however they will tell you what you want to hear while the real game is being played out. I wouldnt call for this unless i felt there was a real need. I dont care about the past i care about the future. Everyone will have 1 chance to make a difference dont waste it.
A new Google Group has formed. Kabwe mining. If your invested in BMR join. Whether you disagree, dislike,hate , whatever your investment is more important. We must show solidarity in these times or regret it . If your not BMR shareholder don't bother. Email address with forum name. Lets be a force.
I am confused. Why is there talk about a meeting with ZEMA. I thought Jubilee were pivotal in getting the license back and would have contributed to the timelines and presentations prior to the License being restored. Why would Jubilee now seek to alter that. That being the case Jubilee are just as incompetent as everyone else on this matter.
Bringmyreward you should start another Google Group one that would be bigger than previous, administer it. Whether you like anyone or not there needs to be a group t show force. Apparently there are 3000 investors in BMR. What d you think?
It is a must/priority that Jubilee try and create a relationship with the Mining authorities. This will be essential as the project moves forward. The conditions were clear . Any deviation from this will be extremely difficult as the Mining Dept did not want to reinstate the license. AB and others honestly thought it was gone for good hence this stuttering start to life again. Im sure they discussed the framework of the deal but in reality and lawyers etc it gets a whole lot complicated. Jubilee may feel the conditions are extremely tight and may want to test the water with the Mining Dept and look for flexibility. I don't think it will be an upgrade of the plant with higher tonnages and vanadium attached. This would then need approval from ZEMA and with vultures hovering the Mining Ministry may see this as the opportunity to revoke for good. JH has gone and thus the new operators must now build a relationship which will take time especially as they were all called corrupt by JH. AB was clever he stayed well away. They wouldn't even know who AB is imo. That connection between Govt and BMR has gone albeit you could go through third parties etc. A furthur 4 week delay could be a red herring and and allow AB to set up the next few rounds of good news. There is talk on LSE about Gallileo in particular Mikesurt who i would guess has had a week heads up hence his new approach to BMR. Gallileo would be a good fit with BMR as it holds Star Zinc rich in Zinc. It would make sense for both companies to see a way forward together using Jubilee as the operating company . Is there now an approach to the Mining Ministry reference Star Zinc. There are large companies waiting on BMR to falter. We must not give the Mining Ministry a reason to get the big guys involved. Jubilee are not a good fit for BMR but Gallileo could be. AB wants a bigger market cap so he can seek better investment levels as we have seen with failed bid for MTR. AB is a money man. Very clever with accounts not so on delivering a mining project he much prefers passing it on to others sit back and create strategy deals with others. Jubilee will be happy with there 29% in BMR as BMR look to grow with Jubilee as operators. One thing for sure the drama never goes away . p.s Alot of nonsense on JPL the reason is the share price is going nowhere and Jubilee are desperate for Kabwe just as much as we need them. Listen to Coetzer describing Kabwe. Listen to Bird describing Kabwe. Its as though this was the plan after all.
I have no issues with anyone who wants to buy and sell shares. There is a group on LSE though that want to influence shareholders decisions. Shareholders are not stupid. The market is not stupid. They can try there best but as i have always said it's up to AB to deliver the news that will set a clear path to production. I get more annoyed with LSE themselves who have always allowed boiler room scams, groups who share the same goal to influence shareholders to buy and sell. Why not allow the RNS's to do that. LSE platform is a disgrace and i can tell you they wouldn't get away with it over here on ii.
Yes banned for life. Lse have always been a platform for groups of traders which Lse will turn a blind eye to. Many greedy traders on the boards there who don't care about hard working honest investors.
I have no idea when we will relist. I know AB and others will be carrying out DD before anything is announced. I think AB has bigger ambitions than just Jubilee. I disagreed with JH on the license strategy however he was adamant that there was corruption being played out within the Mining Ministry. JH signed his own death warrant but like i said we got it back.
Klueloss JH as i said fell on his own sword . He could not continue connected to BMR as you cannot call out Zambian officials as being corrupt. There was no going back after that. We need new blood to build relationships with ZG officials. JH got the license back it was just his methods
I have made it crystal clear that bmr should give nothing more to jubilee. We need to find alternative investors for bmr to protect the company. I dont want any part of jubilee . AB has always wanted to make the company bigger hence the quick failed mtr bid so i would envisage he will look at other possibilities that are related to what we are doing. Bigger company better finance deals.
Whatever you think about Hawke on LSE i can tell you for a fact that he saved the company on getting the license back and ALL your investments. I am no fan of JH as he played his part with AB in dragging the company to license revoke. Simply i disagreed with the strategy however the result was it was reinstated. He fell on his own sword. Alarmingly though ALL private shareholders should be coming together and speak with one voice again as the relationship between AB and CB makes me nervous whether what happens in the future is for BMR shareholders benefit or for Colin Bird and his companies.
Stuee, BMR's Kabwe seems indeed a great asset. However whilst the mining license was revoked these assets were no more than heaps of sand and for a while that is what Kabwe's assets were. It is without doubt that the JLP involvement was crucial to have it re-instated. BMR alone had nothing to offer to the ZG in pleading for re-instatement.
No large mining companies have shown any level of interest in Kabwe at all. BMR's own pursuit of finance was a dismal failure. Perhaps the finance company (via off-take agreement) pulled out because it believed that BMR would not deliver. Interestingly though, the off-take agreement (this time for payment) can be revived as they are still interested to take the output.
Stuee I think you are overplaying BMR's hand, as much as I appreciate your enthusiasm for the company. As Kalan wrote time, will tell.
You could be right there Stuee - I think BMR holders know more about this than JLP holders. In the long run BMR had the minerals on the ground, we have the licences now for both areas and JLP bring mineral extraction techniques that are second to none and £2.3 million quid to get it up and running - we were all short term losers through corporate mismanagement but should hopefully all be winners as the plans are put into action.
All we want to see is profit - that's what both companies need right now.
Ive said for along time its a good deal for both companies. Both companies should thank one another for this opportunity at this time. BMR cited corruption as a reason for the revoke. This cannot be ruled out. If you believe the corruption case then companies with large funds have got to the ZG with promises of huge investments. Typically the ZG will be taken in and what ever back handers are given will get influence. BMR and parties fought hard to get it back. The new mining minister was stroke of luck. Im afraid JPL would just be at the back of a very long queue in other words they would have no chance in getting the license hence they took a 29% stake in BMR.
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