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5 days ago - Telegraph 'Kosovan police load up with weapons on Serbian border as tensions rise'
3 wks ago - The Wall Street Journal ' Putin wants war in the Balkans'
Podcast - 'Leading' with Rory Stewart & Alastair Campbell - Ep 65 - interview with Albin Kurti, PM of Kosovo
Things are getting hotter in this region - not sure that I'd be investing there right now. Fair to say that I'm not sure why BEM went into Kosovo in the first place. How many millions have they poured in to date - over £5mill? Kallak South could have been fully drilled with that cash.
As I understand it, Kosovo hasn't produced anything to date that comes close to fundamentals so I can only think that we need a buyer to at least get £££s back...!
Either nato or UN peacekeepers,are there,patrolling the borders.
so serbia's,on the back foot.
No Timty1, I'm not worried, I don't know what you're reading but I just checked on the news and it seemed pretty OK:
https://www.rferl.org/a/wider-europe-briefing-jozwiak-kosovo-council-europe-russia-sanctions-ukraine/32905823.html
Is anyone worried about the growing tensions in Kosovo? From what I'm reading and hearing in podcasts, this area could easily fall into conflict - I can't quite understand how BEM even got involved so far away from current projects. Kurt took a shine to the people / prospect? I get it that he was bogged down with KN not moving but how can 2 fundraises claim to see KN through to next stages when literally millions then get spanked hundreds of miles away with little movement in terms of jorc facts?
Am I missing something?
Iron Fuel https://ironfuel.nl/
👍
Thanks Sooz. Not sure what Olly is up to really. I haven’t been able to post as LSE keeps crashing on me with a longish post. So thanks to you and Pocko for decent comments of late. I agree with you both. x
Nighty.
Go away!
No bant today Eric? Or are you raiding yor piggy bank to buy more of these poxy shars?
Anyway, it is what is, and we are where we are...
Just top fiddling around the edges and get the feck on with it.
🫶 😘
So you'd rather be occupied by a better class of losers?
That says a lot. Lol.
There's been several scoping studys... And several re-workings of old drill results.
I'm talking about concrete outcomes.
Hear hear!
Pocko, you're absolutely and sadly right on both accounts!
And a Scoping Study was achieved at the beginning of 2023 just a few weeks late.
And let's not underestimate just how important the court decision will be. Negative result, and this company is as good as finished.... Sadly.
We agree on the outcome of the court... It's fundamental to the success of the business.
But I won't accept being once again caught in the headlights, when the company receives news pivotal to our success. The case in point being the issuance of the exploitation licence.
The HFD announcement will be Budge's exploitarion licence money. Rabbit in the headlights.
I don't want rapid progress, or advancement. Investors want results, and Bowie, as with Budge are paid to deliver. In othwr words, finalisation. If we can't afford the EIA to be completed, why spank money on Vardar?
And 2024 has essentially been outlined in the last RNS. So no, little of substance will have been achieved. Advanced maybe, but not completed - There's a huge difference.
The Company can't deliver on the Appeal Decision it's totally out of their hands. Nobody I don't imagine except the legal people would have expected this business to take as long as it has...it's scuppered us, We're the market as you say Pocko and the market doesn't like uncertainty. Anyone investing has to prejudge the Court's decision, which we have done obviously because we're still in which is pretty reckless when you think about it.
Little was achieved in 2023 that's true but it's a bit too early to assess the progress for 2024, we might catch up a bit if the Court business is favourable to us.
And to reiterate, we are the market.
The company can only issue so many RNS repeating the same tired phrases. Sooner or later, you have to deliver.
Deliver, and the market buys. It's not rocket science.
BEM are completely passive in the court ruling. A positive result would reflect positively on the government, and we would be the main beneficiary, initially at least.
What the company need to do, and have so far failed to deliver, is to both start and complete something - They have to date, utterly failed. So again, little will have been achieved in 2024.
Markets like positive news.
Yes, mornin’ to ye.
Just technicalities.
Morning All.
You are welcome Olly.
Agree the fundraise was a sledge hammer and it hit us a bit hard but feeling we might still catch up a bit if the Court business is settled in favour of the Government's decision; we would have achieved that at least plus rapid progress with the PFS, which would put us on firmer ground than we've ever been on before.
And being a pragmatist, with the environmental work unlikely to be completed this year, given the fundraise, what will have been achieved in 2024?
Another fundraise will deliver ever diminishing returns, and 2026 looks to be a pipe dream.