BMB balamara resources limited

BMB History, be careful

  1. 303 Posts.
    Dear moderator, this post is as factually as I can represent the writtings based on my own degree of knowledge, the residents will take offence as raising the issues pushes the buttons, please consider once touted and please review trending and who applied those touts. My intention is honorable and aimed to ensure that sufficient information is provided before any mum and dad investor places their children’s money into a investment made decision.

    The below writtings supported by enclosed link.

    BMB Report (2012)
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    In keeping with my theme of being factual (FACT) and to minimize my moderation by the resident(s) l, this post is for those considering to buy into organizations that have underperformed.

    Fact, Balamara or BMB have underperformed, if my math’s serves me right a 70% plus decline in your investment since share consolidation (1:10), let’s review the selling of this consolidation by BMB and activities resulting based on the share consolidation action. Ample Skill, a Chinese investor soon appeared after share consolidation, the massive decline in the share price also followed.

    Fact - In April 2012, the Company secured a new strategic Singaporean-based investor through a $3 million share placement comprising 15 million shares at 20 cents, this new investor a Chinese international based sophisticated (Ample Skill) took up interest shortly after share consolidation. This Chinese international (Ample Skill) entity now having provided tip bits of funding and accumulated a concerning and influential voting power.

    Fact – Shortly after the share consolidation, this Chinese investor (Ample Skill), was given 2.5 million options (strike price 25 cents, expiry May 2014) and gave this shareholder a 9% position in Balamara and the Company will continue to work closely with this cornerstone party into the future.

    Fact, Your company (BMB) stated that it competed the 1-for-10 consolidation of its share capital which had been aimed at restructuring the organisation to appeal to a broader spread of investors, including institutional investors and funds. It seemed to have failed based on my review bar Ample Skill of course.

    Fact – The selling of enticing a broader broader spread of investors, including institutional investors and funds has failed miserably, the Ample Skill (Chinese Investor) being the only significant so called institutional investor having interject bits of funding here and there for goodness knows why.

    Fact – Nominee accounts is a financial bowls club of who is who hidden in dark pools of money, mostly made up of mum and dad investors who often get short ended. Balamara is supported by such nominee investment support which also provides a degree of concern.

    Fact – based on having under taken a share consolidation, Balamara stated that it can be ready to move ahead with its growth plans to build a significant mid-tier resource company. What they failed to tell you is the amount of capital raisings in-between and the massive drop in your personal investment wealth.

    Fact – This organization’s share price is in such disarray, I strong advise new and/or future prospective investors to review the history of this organization, primarily the raisings in line with share price performance and time frame required before production.

    Fact - This thread and others yet to be published is aimed at ensuring that the full history of this organization is made know for the benefits of anyone thinking of investing into this organization
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    I wish BMB well and all current holders, but I am also sure that BMB would themselves appreciate the raising of share price performance as being fact(s) as It would seem that BMB based on my reading annual and quarterly reports care deeply about their shareholders. With fact(s) this in mind, I am sure that BMB will try to ensure that investors caught up in the 2 year plus accumulative decline be considered and hence, should appreciate the raising of the information to prospective investors as BMB I am sure would not like to see others implicated in an underperforming (declining) share price.
 
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