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Just looking back in here, and seeing many familiar names. Always interested in BEM, and as with many junior miners, another capital raise. Can I just check (having scrolled through and researched but not found the answer), this raise for approx £8m covers running costs for just the next 12 months? That's what the information folder says. Of course, Grafintec will produce revenue in 2027, so three years from now, there'll be an excellent revenue stream from there, and possibly better news on Kallak. But also, presumably, another two fund raises? And that is only for costs to get it to project start line for Grafintec. An amazing upside should BEM continue to manage to raise funds to that point in time. Personally, I like Ed. But his track record isn't stellar. At least he isn't a pure geologist though. GLA
Yes Eric, I dare to venture I think we agree - the quality of the Kallak deposit and the quality of the BEM management have been inversely proportional.
I didn’t have as many shares then and have always said that I’d hang around to see if the mine was either developed or sold. So I have done Olly.
But you never did. I'm assuming you were in this when the share price was circa 80p? And youre still here at 0.65p. Are you ok?
Hi Jonny. Fair comments those. Yes, some of us felt Kurt was caught out when the concession decision came. There didn’t appear to be any immediate plan in place to act on the good news and springboard the other two projects at the same time. Of course, he may have expected an immediate Sami Appeal, which is exactly what occurred, so this would have hampered progress at Kal anyway. Well, it has done, and two years later the sp is utterly dreadful.
Wise to perhaps hold off then, to see if big Ted can find a way to monetise the Company before long. Including a sale of one or more of the assets, bringing in cash to BEM from the sale of Vardar perhaps.
But we just don’t know yet. Court decision still looming large of course.
Have to see eh? 🤔
Olly , no matey. The thing is to quit when you are up!
There's no way this company is going anywhere. If anything the guys that run it should be in prison the way they have stolen investors funds, probably using it to buy whisky and cigars.
Eric, I think you should quit whilst you're down :-)
Hi Eric,
I am invested, although much less than I was. I completely lost faith when we got the govt decision and it appeared to catch budge unawares and not ready for the next stage - I thought what the hell has he been doing all these years. On to today... I would love to see some evidence they know how to monetise one of the assets. When I see that evidence I will probably buy more
I can see that Lb, but of course I am already heavily invested, with a much higher average. If I left things as they were, then it’s unlikely at all that I’ll ever even get my money back. Whereas, even though I’ve spent a little bit more, the share holding has volumised significantly enough, in my opinion, to at least give me a fighting chance.
I do appreciate your view, insofar as you are soneone who isn’t invested, and I’d be looking at this along the same lines were I no longer involved in the share. But I am.
Best wishes.
With respect Eric, it's just more dead cash going nowhere in terms of your investment in the company as it simply keeps Bowie on the payroll for no benefit to you, but plenty to him.
Lb, yes, I despair too, but with the chance of a positive Court decision changing the current landscape. It’s what I can currently afford, not a lot of money, but it’s a lot more shares. That’s how I’m viewing it.
Oh Eric, I despair. Your further investment here can only be motivated by desperation.
Your money is going straight into the pockets of Bowie and his fellow clowns who continue to indulge in window dressing and empty promises.
Thanks Roller, same to you.
Hi Jonny. Maybe a sale, Vardar first perhaps. Otherwise I’m not sure why it was necessary for the BoD to seek 100% ownership of it. With 100% ownership of all projects though, then maybe a sale of the total package is a possibility, if not a probability.
With a positive Court verdict for the Government with the Sami Appeal, then we could move away from these lows. We have the new guy Dmytro to pay now too, so the Kallak project must be surely seen to be a goer, even before the verdict is given.
Dare I say it, we’d look pretty stupid otherwise. Lol.
Good luck Eric..
Roller/Pocko. I mulled this over again and in consideration of Ed stumping up a fair wedge, with my average being so high, I have subscribed for some under the Offer. I took the decision yesterday before the Offer expired. What I could afford at the moment. Only because the Company will receive the money, and really, all shareholders need this to happen, for BEM to raise as much as it can. Otherwise we are definitely in troubled waters.
Best wishes both.
I forgot to mention it's through the cash call and I ordered HL to buy for me, apparently the shares will land April 18 I think he said...good luck
The question for me is .... where does the next revenue come from after this raise, is it a sale of something or more shares issued? If it's the latter I am assume the raise would be close to 0.1p. Until there is a route to revenue (other than issuing shares) this a value destroying enterprise.
Eric I appreciate your well wishes and I have just got a few more but nothing to shout about.. good luck all invested...
It's the fact that it's re-worked or re-modelled data... It's just fiddling at the edges.
Teddy, like Budge before him is behaving like a toddler in a playpit, unable to focus on any one thing. All in the pursuit of generating 'news'.
Valid point about funds going direct to the company.
Night Suzy. Hope you are enjoying your break away. 👍
Hi Roller. Some on the Swedish Facebook Group are taking up the Offer, but it seems some are waiting also to see how the market plays it after the fundraise. The thing is, if you do buy via the Offer, you know that BEM will be getting the money. Whereas buying on the open market, that isn’t the case. The ponderous bit is whether the sp will dip below 0.61p to buy. I hope not, because that is terrible enough.
Best of luck with whatever you decide.
I agree Pocko. We aren’t cash healthy and should be focusing on Kallak and Grafintec, in that order. It would have been a fair RNS if we were in a better position than having to raise funds at 0.61 pi55ing p.
I've not been impressed Roller. A little flurry of RNS as predicted, the content of which hardly inspires.
Has anyone looked at exploitation costs for copper? I have and it's expensive.
The company really should be wholly focused on Kallak and to a lesser extent Grafintec - Enough of the low cost exploration nonsense. Get Kallak over the line, and stop the gaslighting of investors.