The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Looks like it's just me and Doublingup then...raring to go. :-)
Good post Eric, a grim day isn't a grim future. And also Rick's got a little silver lining in his sights. Good!
And mines are where they are...to boldly go where no man has ever gone before.
It raised because of FOMO!
Now it's down, because lack of JOMO! ;)
Had the same thought, unless the BoD have some further info to release prior to the raise. We have firm date for the fund raise yet but it's at least a month away. Its not normal for a company to give notice of a fund raise unless it has to. Maybe something's afoot.
So yes there is no point unless it somehow rises massively between now and the next week lol
Unless it rises significantly between now and the next week or so then there is a significant discount to the market at the current prices which are already depressed hugely no thanks to the RNS.
I don't understand why are people still buying when they have been told soon shares will be cheaper ?? I don't get it...good evening all
Eric, my mate! Both the world wars more or less started in the former Yugoslavian republic!
Would you really start any kind of business today and in this part of the world? I would say NO. ;(
Eric, the thin silver lining on a very dark cloud for me was the mention of 3rd parties interested in Kallak and the 'intention' to JV or farm out in the future. Separately, a health study reported in The Independent shows that graphene if inhaled doesn't affect lungs or cardiovascular system-apparently a concern that it might. Re Vardar, my guess is that the next announcement will be about our exit. Been underwater so long with this share I'm beginning to resemble a fish!
Ok Hasty. I’ve just read the RNS but not yet explored the links or additional info. 👍
Eric - I think it was mentioned to the tune of 2ook of low cost exploration.
A grim day but hopefully not a grim future. I can’t comment further as it’s all a bit too much today for me. Be good to know what’s happening with Vardar now, as it wasn’t mentioned in the RNS.
Bans, thanks for your kind comments earlier, much appreciated.
Have a decent weekend all.
Sorry...not nine months, nine years.
Timty1...Yes, nearly 24 months since the decision was made after 9 months of process. You've said still no date for completion of the Appeal,... but I think we do have some idea, we've been told first half of 2024. The recent drop after a bit of a rise seemed to follow from the Extension to 23 Feb for The Nature Conservation Agency but we don't know why that's relevant to anything, seemed to be panic over what might be nothing of significance.
I was assuming that the last fundraise would see BEM through to the court's decision, this feels like the lowest point to go out asking for money - BEM appears to have a pretty poor track record in its timing of going to the market. Just picking up on CEO comments:
"Since joining Beowulf in mid-August, it is pleasing to have made significant progress across each of our business areas. The team remains focused on optimising the value of our portfolio by advancing each project through its technical and permitting steps."
- I'm not sure that I've heard about the significant progress described
- more concerned that there's been no optimising of value, in fact a 14% drop in sp since mid august!
"The Company's projects are located in tier-one jurisdictions and in commodities that stand to benefit from the drive to decarbonise the global economy and secure supply chains."
- tier-one jurisdiction, really? A country that takes a decade to give a concession and then engages a 2 year appeal with no completion date.
"The next 12 months will be an exciting time for the Company as we deliver the PFSs and EIAs at both Kallak and GAMP. We will continue to review opportunities to derisk the projects and fast track their development, including through strategic partnerships. Our objective is to demonstrate the underlying value of our assets and deliver shareholder value."
- The last fundraise was supposed to achieve these outcomes!
- diluting shares and seeking partners will reduce value
I was really positive about this company but I'm not sure that the new CEO has done anything that Kurt wasn't already doing - burning cash with little real strategic awareness. A fundraise after the court case is settled would have made sense. Who would part with cash when the decision-makers are unable to close a simple appeal in 24 months with little indication that it won't be another 24 months! Good luck to anyone taking up any offer - the fact that all investors in the last fundraise are sitting on a 50% loss makes it very hard for me to even conider putting more into this - not sure that EB is any different to KB
The decision's not far off now Wodman, who laughs last laughs longest?
The deepest point of the trench is more than 2 km (1.2 mi) farther from sea level than the peak of Mount Everest.
And I'm right here with you guys awaiting 1,2 and... 1 and... ;)
https://youtu.be/uY4q6I-dzE8?si=NvzXY1wtOIYKPq00
Can't argue with that.. sadly.
Oaktree AMEN!!!
PS…I love hearing in every publication that ‘we’re committed to adding shareholder value…!’ What the absolute F&@k?!?!?!? The only constant that Kurt and Ed have delivered is the guaranteed erosion of value…
…if the courts ever actually act, after decades of appeals and extensions…we will have burnt through yet more capital calls…how many cash calls have we had…and what’s actually moved in the 15yr story of this joke of a company…essentially shareholders have funded jobs of people who have all left the company! BEM should be converted into a charity for city twats with a geology degree…
wow…a fundraise at 2.3p followed by one under a penny without anything changing in the prospects of this company suggests that ed is an even greater genius than kurt…where on this planet do they find these ******s…?!?!?! essentially, ed has guaranteed another decade of super salary…
i bet every long term investor wishes that in 2009 we’d never heard of this ****show of a company, and more to the point, we’re looking in wonder at a european country that makes africa look like a safe haven…i can safely say that investing in bem is the single biggest mistake of my like. we really are the dumb money!
Yes , many thanks gentlemen for the clarification of the share split....only just seen these posts, I've been a bit distracted this morning.
I.e. The Swedish Geological Survey for mapping potential mines.
It's a joke that the Government is investing more money in the SGU...they're unable to handle the permitting process when they find them.
Yes, Sj, quite. We've been promised value for shareholders but so far the Swedish process continues to scupper us.
Hey!
What have I missed?
Why the crash?
*woof woof*