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It is Suzy. We need the markets to turn in our favour this year and news flow to be good otherwise we will never see 1p again.. (until share consolidation lol)
But that begs the question...why it it go down so far as it did. And we know the answer to that...it's taken too long and people have lost hope with it...nobody can wait forever and it's a miracle we've survived to this point.
It was positive yes but I never thought it warranted a 100% rise. It was driven volume wise in Sweden. It's a market full of crooked folk and manipulation. We just have to take advantage when it does spike.
Yes, SJ...needs must when the devil drives as they say. But how did they manage to push it up to 2p? It seemed to be the result of the Government's response to the Court which was as positive as it could have been...it was a resounding confirmation of the previous government's decision about the importance of Kallak's resources. We're they just waiting for that and took advantage of it when it came?
Actually, basically what you just said there Suzy :)
They were desperate.
I think it had all to do with the underwriters having a price in mind and BEM obliging.. after they escaped at a much higher price when it was manipulated higher just a week or so prior. The whole thing stinks, and was quite blatant I thought.
Thanks Troaj. Eric...that's certainly what it looked like, I wonder what Ed would say if we asked him about it? There could have been reasons for it we can't work out, such as needing the cash fast and believing that was the way to go about it....give them a big chunk for a small price. Don't think I'm disagreeing with you, I'm just trying to think around it and that's because I'm in it and I'm staying in it so far as I can see at the moment. I think I'd have bought more than I did if it had been over 1p...the split was a shock and others might have felt the same way.
Suzy
in the commod sector,ime seeing a lot of volumes picking up,which is a good indicator
when moneys,flowing in.
hopefully,its not a blip and carries on,
but i know your reply,bem doesnt seem to be lucky!!!!!!!!!!!!
if you fancy a short term trade,bce due to drill in just over week,you should make a good bounce off the current 0.05 low..imo
It’s difficult to make a positive out of that RNS Sooz. The BoD also crashed the sp with a “set-up” RNS before the fundraise RNS, so I’m finding that a bitter pill, quite dubious behaviour from Ed and co.
Just musing a bit on our chagrin at the options RNS yesterday...the Board did thrown a reasonable amount into the fundraise of their own money, didn't they. And as our newbie has pointed out we can buy as many as we want to even cheaper....until that Decision comes, then who knows.
Think I've been seeing that same headline since we last went on a bull run in 2010/11 lol.
Thanks Troaj....That's something positive: "You haven't missed it yet! The UK small cap rerating opportunity"
We've been promised one of those more than once.
Don't flatter yourself TFE your post the other day didn't ruffle any of our feathers, we were united for a change re the value of your musings. All sorts of people post on these boards.....we even get impostors from Mine free Jockmokk. But of course nobody's an impostor, people can say what they like, who knows what their angle is you just have to guess. But mean spirited malice posing as helpful advice to people of limited intelligence is never easy to take. This is AIM not Lloyds as people keep telling you. Anyway Good luck with the Bank and the Cruise Ships,
OKAY OKAY SEEN IT! ;)
No LUKROEVEN! Ed got an option to Buy 11,5 million shares. He can buy them 10 years from now or not!
Ed bought 11,5 mil shares at a lower price than the opt. price.
Why would he do that,when everybody knows it's money down the drain????
Reckon so Eric. Ed mentions about there being plenty of other funding options... How bad must they be if the first choice was massive discounted share placement to then have 2 billion shares in issue.
I'm not negative in BEMs assets, they are good however the management are well out of depth with the normal investor.
Do I detect some discord on the BEM forum? Seems my post that ruffled a few feathers the other day is gaining kudos and another step nearer to reality.
By the recent comments, the last paragraph from that RNS could have been written exclusively for Beowulf sometime in the future.
The only unknown is how long into the future.
Just a reminder….
“The Company does not believe that any of these options are likely to recover any value for the Company's shareholders.”
This share is so dire that the concept of a positive result from the courts would make little difference to the advancement of a working mine near Jokkmokk with BEM at the helm. The Sami must be ‘rocking in the aisles’ with every announcement and development in this Swedish/BEM farce.
The market has already decided, look at the share price.
Good morning all... Has anyone emailed Ed and asked him specific questions and did he have the decency to answer as he's surely not too busy to.. have a great weekend..
Aug59, you still haven’t supplied the bb with your thoughts following this latest fundraise. What is your feeling now?
Thank you.
SJ, perhaps it’s in response to yesterday’s wholly inappropriately timed and irresponsible RNS.
Just realised it's gone under the Swedish fundraise price today at 0.07 sek. Shares issued at 0.08sek.
Market needs to know where the rest of the money will come from to fund the 2xPFS.
As I've stated previously... Gets run into the ground, sold as a going concern, and select member of the board get plum jobs in a new entity.
With the parting words... 'we did our best... Challenging market to raise finance... Blah blah blah'
Still waiting for Bowie to release his salary. He won't be able to hide it come the next financial statement.
Likewise the new Project Director, who is conspicuous by his absence or low profile. His first achievement to date? Lining his own pockets.
Years gone by I'd of been all over this SP buying more.. the BOD Instill no confidence with their blatant disregard for investors. It's all been very suspect to me since that 'spike' into the 2s no doubt to aid the underwriters. There has been nothing but mass dilution. The projects could be brilliant. They've just been managed poorly. The spike, the RNS to tell us about a fundraise, then the RNS to tell us about the huge discount once it had already been discounted massively because they told us now over 100 million options at dirt cheap. There is a time and a place for this and it's when they are doing their job and the SP is on the up. There is a reason why Ed never bought on the open market..