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They have no interest in the project and do not hold beyond the short-term... Enough now.
Those investment bankers wont buy any if they don't think the project has good prospects...and the price usually falls to the discounted price so you'll be able to buy them yourself and so will I....if we dare.
I dont think a fundraise will come until year end. By that point we should have drill results in for Kosovo (could hit lucky!) Scoping study for both kallak and aitolampi and any other potential decent news? SP could be anything between now and a fundraise. I'm fairly optimistic but of course my opinion only.
Is that how you think it works? Kind-hearted investment bankers buying shares at the market rate? Then why the discount to the SP of literally every rights issue on every share I've owned? Seriously... Sub 3p. Guarantee it...
The investor makes a return when the price goes up obviously...and that investor might be you or me.
The SP is currently sub 4p. Every passing month means less in the bank. Where do you think our funds come from?
A fund raise is always at a discount to the market... How else do you think the investor makes a return?
Are you absolutely sure of that Pocko....it's nothing we didn't expect, the reaction is irrational imo.
EricDraven: As it becomes more protracted, the greater the strain on finances, the SP and the ability of the board to raise finance, which unless a bond is issued, will almost certainly mean a fund raise at a rate discounted to that of the SP
Not forgetting we now have another CEO to pay?
Pocko, a sweetheart deal like that may not be the reality. It only feels like it could be with what we’ve seen of late.
Not happy though, obviously.
Yes Pocko. Sami v Government decision yet it’s BEM taking the brunt of this, evidenced by our retreating sp. It’s one-way damage.
Exactly. They just waited until the deadline then asked for another one. Government should have denied an extension, but of course not.,
Good for you...
But clearly the SP and company finances can't...
Lol...No they don't, they're just trying it on...they've been planning the appeal for years.
Three months is nothing we can handle that.
Morning Sooz. That was my question also. The Sami lawyers apparently need the extra time to prepare their cases and submit the appeals.
Sub 3p sweetheart deal for a Nordic investor coming to raise funds. That's the reality unfortunately...
Now more than ever we need some good news from Finland and from Kosovo...a gold strike would be good. ;-)
Delay has of course always been their best weapon against us. Never mind, we can carry on...just have to grin and bear the sp. Sj...I'm agreeing with you, this is going to be good.
Morning All. I'm a bit confused about it, could someone clarify what it means, a deferral of what? Is it an extended period in which to make make an appeal? Has leave to appeal been granted or to they have to present their case first?
Thanks Andy. The Government was weak then, allowing the extra time.
But it's our SP and company that bears the brunt? The government has little to lose...
Good points Rick.
Yep, they all found out at the last moment that they wanted to appeal so their lawyers now need another three months to prepare.
Not really a showcase of strength in their case though, sounds like they're unhappy with the decision and just needed to do something, anything.
This is now getting a bit uncomfortable. Frankly can't see any point selling now, just have to wait until the appeals, if allowed, have been considered. One or three its all the same-clearly they are working in concert. Not a lot the company can do, as the appeals are against the government decision-so its for them to defend and not BEM.
It’s rubbish this. At the end of the three months surely they will just ask for another deferral.