We simply don’t know Goy. If we were ever to find out for sure, it’s likely that it would be the result of hearing bad news. So, open speculation is safe and just fine with me! So, we each speculate. I will say that: the Lanstead involvement aside, Clive hasn’t made a wrong move since around the time of the designation. Lanstead have been given too much from the inside track, naturally, they had to receive some level of assurance initially to balance the risks. However, Clive should have had a better measure of the fact that a period of no updates when our running application was going to cost a lot of time, a low sp would tip the financial deal in Lansteads favour. This deal ‘at this time’ is a heap of sh@te, and Lanstead took full advantage. Clive’s announcement – and any replacement won’t make any significant difference to any riches re the Kallaks. Imo ‘the real deal’ was long ago, and what followed/follows is line dancing, dressed up as a democratic process. If the above is somewhere near accurate, then he is responsible for the changes as per negotiation, or he sees himself in a progressive role for BEM as deal maker, (there’s money in that) whilst others with far greater experience of all things post approval, continue.
An out of favour view with some, I do fully appreciate. atb
"The Company also announces the intention of Mr Clive Sinclair-Poulton to move from Executive Chairman of the Company to a Non-Executive board appointment following the identification of a suitable candidate to be appointed as CEO of the Company."
Interestingly phrased. Does it mean that he is moving BECAUSE a suitable candidate has been identified or WHEN? Almost certainly WHEN. Perhaps I can help with the headhunting process, which seems a little open-ended and protracted.
Love the concept of the 'French 'ouse Portfolio (FOP)'. However I no longer have a 'FOP' as this is the last of our Frogalese houses. Mrs44 has some health issues so we decided to sell up and move back to UK full time for the foreseeable future.
Your memory serves you well as we had in fact sold our last property, the converted wine cave. We sold it to a large middle aged French lady who was unfortunately suffering from mad cow disease. She turned up to view the house with her 'husband' (inverted commas) who was a 12 year old beanpole skinny Somali chap.
The way the system works here is that the buyer pays a ten 10% deposit to the Notaire, the chap who handles the sale. If the buyer cancels the deposit is handed over to the seller. There is however a 7 day think it over period when the sale can be cancelled and she cancelled on the afternoon of the 7th day and got her deposit back. I found out afterward that she had very little money and was just trying to impress her toy boy (aka husband). C'est la vie. So it is now back on sale.
We now have another prospective buyer so are travelling back tomorrow to kidnap him and pull out his toenails one by one until he hands over the money. The things I do to support BEM.
Forget the magic sofa Ed. The new magic sofa equivalent is the French house. Is it the same one, because it seems that the sale has been going through for four zillion years? Or is it yet another French house, one of a handy number of fifty French houses that you have in your French 'ouse Portfolio (FOP), that you can sell in order to add a few more million shares to your BEM mountain?
What is apparent, is that Clivo going from the figurehead position appears to have lifted our spirits, but that's perhaps because we feel that a mining/engineering professional may be forthcoming for the role. If one isn't, then we can always thaw Clive out from Non-Exec cryofreeze and put him back on the front of the longship.
I've ferreted but the magic sofa's a bit void of funds at the moment, however I'm watching my SXX, SCLP and ROSE shares closely as one of them must pop shortly. If it happens the funds will be added to my BEM mountain along with some of the proceeds of the sale of our French house which is hopefully going ahead shortly.
I've already topped up by a fair bit during the last few months of on the floor SP.
Mrs44 and I are off back to Frogland tomorrow for a bit of sunshine and wine therapy.
Totally agree. We need mining and engineering experience at the top now. Lanstead are pretty much dictating the money side of things anyway. We don't need to pay someone £15k a month to sit and watch proceedings. When I set my exit point at 2015 4 years ago, it seemed a long way into the future. Maybe after this weeks developments, 2015 becomes realistic again. Guess you've had another ferret around your soft furnishings for top up funds???
Best news since I started my love/hate relationship with BEM.
The big question is he handing over the reins willingly or will they have to break his fingers. I'm guessing that one of the new non exec directors will take over once their potential has been properly assessed. I'm sure that either will do a better job than the mullet man in the shiny suit and the number cruncher have done.
Possibly the start of happy day for all of us faithful Bemmers.
...I am hugely encouraged by this week's developments. Mr. Budge is a man who will have done his homework. He knows the exploitation decision will be positive. His experience and his contacts will enable BEM to go down the sale or JV route. Was never a fan of CSP. I feel his position has been untenable for some time now. Now let's get that decision and move forward. GLA.
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