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Good evening Roler1, don't worry about Henrik Blind, he might eventually be able to get a "real job" in our mine. ;)
The decision that mattered, the one that you were waiting for occurred some 18 months ago Suzy. That opportunity will not present itself again IMO. The miracle if there is one coming, is yet to materialise.
Eric, my post was about the perils of AIM investing, which I'm sure most are aware of. Nothing about a comparison between HZM and BEM. However, with the recent shenanigans at the top here and the current moratorium (stagnation by any other word) led me to my comment that small punters are still being parted from their investments, hence the title.
for those of you on facebook, check out henrik blind as he seems to be a pian in the **** for beowulf..good evening all..
I'm tempted to say something about your partners the likes of statement but I'll hold my tongue there's only one opinion allowed on here these days but just in case you don't know...it's a decision we're waiting for not a miracle.
A very bad day over there, but it has nothing to do with us. In terms of its stage of development it cannot be compared to BEM.
Only my opinion, but your “Buyer beware” title here is somewhat misleading, considering we don’t yet know the results of our six month review. Kallak and Vardar information still awaited. Fair enough if you post that title on HZM.
For those here who are expecting some sort of a miracle….. while you are waiting it could be prudent to take a look over on the HZM BB.
A classic example of an AIM miner. Well advanced and supposably financed with backing from the likes of Glencore, LaMancha and Orion.
Out of the blue there's a funding gap, who'd have thought it!
Slowly and surely the small punters are being parted from their investment.
I’m not sure why my post was also removed, it posed genuine questions to Aug. Still, he did overstep the mark and he knows that.
A couple of nice buys from someone today, good to have a bit of a blue day.
I think someone had a sherry based evening melt-down...
It will probably correct before end of day hahaha
Something wrong with the numbers above, they've turned blue. Must be a fault in the system somewhere.
I thought it was just my computer Roller. Not going mad quite yet.
What happened to this morning's messages ???
We were supposed to dovetail the development of Kallak with that of the Grafintec project, both 2026 for production. We now know that won’t happen with Grafintec until a year later. From the current RNS. I’m hoping, and that’s all it is really, that Ed can pull a rabbit out of the hat re Kallak and bring us some unexpectedly good news. At the back of my mind however, is unfortunately the dread of having wasted thirteen years supporting this company with another body blow yet to come.
In the near/medium term we only seem to have one viable asset-that in Finland. The situation in Kosovo is getting worse by the day with Serbia and Russia stirring up trouble. If we could get out of Kosovo with some money, I would do so. We should never have gone there in the first place. As for Kallak, potentially a great asset but I can't see how BEM have the skills or financial depth to unlock it alone. If we don't find a white knight it could be our bete noire.
Just amazing to believe that a company with such an asset, just can't turn it into value....At least as Pocko says, not into value for the shareholders who have paid for everything
Yes EricDraven, a greater upside, which unfortunately for the individual, potentially becomes an ever diminishing return for some of the reasons I've outlined.
Some can't even see, or more to the point, don't want to see, that delaying the environmental permit application as we appear to have done, puts back the ambitious target of mining by 2026.
Many here invested in a company that had a clear plan to mine by 2018...
At this sp it is difficult for me to see how we are in a strong negotiating position. Budgie has contributed to this with a 40% discount given on the last fundraise. Weak negotiation.
Obviously the current sp is grim, and there is a risk of even further downside, along also with greater upside. It’s important to accept that it could still go either way. We should not be in this position, yet we are.
I've got plenty at risk, but call it as it is - Not as you want or hope it to be.
The company is not in a financially strong position, and like it or not, private shareholders are the bottom of the pile. The very last people to get paid.
Does anyone honestly believe that Budge, Bowie et al give a care about private shareholders?
You have a million shares at 1p - A consolidation occurs and you now have 100k shares at 10p. Great... a drip drip then occurs and you are back to 1p.
BEM can easily be taken private... check it's legal constitution.
You want a sale? The MCap is currently £18m. You want a premium? Here's £20m...
The CEO undoubtedly has a difficult job, but don't kid yourselves. All sorts of financial chicanery can occur, and it won't be in our favour.
The future of the company is not binary, and success or failure will take many forms.
When some are wiped out, and they will be, I wonder if they'll bellyache then? Lmfao...
SJ, aye, exactly so.
Pocko, I think your post is a fair assessment of the situation and the effect on sp. If the sp was sitting at 15p due to better management of our assets, then existing shareholders would not be in such a precarious situation. It should be a concern, as to how a healthier position will be achieved before the next cash call.
Yeah the reality is grafintec is the companies main focus and rightly so. It will have support for the project and it's valuable looking at its economics.
Vardar needs to be spun off or sold off to realise some money and kallak needs to be sold or a partner brought onboard to take it forwards. We can't fund all these projects without having millions and millions of shares in issue. It'd be pointless to invest, to much dilution from this level. That's why this review is crucial on kallak and Vardar.
Sorry Suzy, but after 10 years, I think Im entitled to whine. Whether it does any good or not.Its about time this company showed some leadership. We should be making appeals to mothis forward. Treading water costs money and it is completely unfair. It is happening due to Swdish government procrastination, whether you agree or not, this is not the norm and we should be entitled to compensation for the fact that the Swdish govt have stretched this so long.
I'm responding to EricDraven and posting pertinent facts. It's called discussion...
You really can't help yourself, can you? Very whinny... a delight to live with no doubt.
Back you go into the naughty corner.