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Kurt too busy to communicate progress to shareholders??!?
Ludicrous....
He has delegated progress on Kallak to a new CEO.
Progress in Kosovo is physical ground work, being carried out by contractors.
In Finland, again, if there is any progress, it's being done by Finns on the ground.
I really do not know how Budge fills his time, and clearly he is not telling investors.
What the absence of communication clearly tells everyone is that the promised progress has not been achieved.
Like the promise in 2021 of a busy and exciting year, it is just nonsense.
The amount of cash squandered on Kosovo without any tangible result is a disgrace.
Did nobody ask about this at the AGM?
Yes, we have no ROI yet.
TFE: it's not complicated... Check with HMRC or Companies House, and the net assets of Vardar are posted at the end of each financial year. Based on our (BEM) investment, cash burn and our ROI (if you want to even call it that) is quite clear. I don't need good luck...
Depending on how you see it, either silver or heaven. Lol.
Just seen five magpies, Eric and you know what that means.
Afty aft x
I can’t disagree with that either Roller, because we just don’t know the reason for continuing to receive minimal information on all projects.
Eric I hope you're correct and Kurt is just way too busy to give updates, my only thinking is if he had good news on progress he'd be glad to give it regardless of how busy he is, but IF things aren't going to plan then he would obviously keep radio silence?? Just the amount of time passed means surely something has happened we deserve to heat about... Anyway have a great afternoon..
Roller, seems to me that Kurt’s time may be too stretched over all projects. We could possibly do with someone working wholly on PR, gathering information from the projects and putting frequent news out. The market has nothing substantial to go on after over three months since we received the concession award.
I still have a niggly feeling that the silence is due to these projects not going to plan, surely if all was going well we would have the slightest of news from Kurt because we all realise we are due some form of an update?? Good day everyone
I know matey, you always try and help. Much appreciated.
eric
all ime saying,is delays are the norm,everywhere....that's all.
CHILL.LOL.
capd,i think that's drilling co,it'll tell ya,in one of their opperational,updates
TFE, yes, and now we own the majority of Vardar, why not perhaps list it separately on AIM or merge it into BEM? The transparency problem exists for shareholders with it, and the freakish amount of our money flying into Vardar has been quite staggering really, for a good prospect but nothing substantially proven to date.
Thanks Troaj. And we know we had one rig arrive for the Mitrovica Licence area, from our 30 March RNS. We at least know that we have a rig. Kurt had mentioned previously we were trying to get two rigs, including one for Viti, but I’m not sure if that is still the case, because we aren’t yet doing Viti. We may use the Mitrovica rig for Viti, dunno.
Otherwise why not drill Viti now? The recent million quid investment should cover both licence areas shouldn’t it? Bearing in mind we’ve already given Vardar a few hundred thousands quid prior for drilling, which didn’t begin. I’m on about when we raised our stake in Vardar each time.
Hence why news would be good. Not sure on the size of rig obtained, or the diamond drilling capability per day.
SJ, I don’t know then, in answer to your question.
Ponder ponder.
Best of luck getting any meaningful figures out of Vardar they are under no obligation to publish any detailed results.
Never been comfortable getting into bed with them, however now that BEM are near the 60% mark it seems to me it's more and more like the tail wagging the dog here.
It's a free ride for Vardar and as Kosovo progresses the price goes up on the remaining percentage we don't own.
But of course we don't know BEM's strategy on that front, meanwhile Vardar hold the licences.
eric
its across the board chuck,exploration,is on a roll...getting a rig,is delayed,nomatter which country your in.
1.5 mins in,europe wants its own mines/metals and smelters
https://www.proactiveinvestors.co.uk/companies/news/986433/adriatic-metals-plc-present-at-the-proactive-one2one-investor-forum-june-29th-2022-986433.html
Troaj, Kurt should tell us so, if there are any delays. He hasn’t, so we must conclude there are no delays on our project.
Not forgetting that BEM have been investing in Vardar for the last 3-years, with each investment made to fund 'drilling'. The last investment being £1m of our money to fund 3400m of drilling -Not a lot of holes or bang for our buck.
And yes Pabslabs, we know RNS cost money... The point being we should reasonably expect some news... Otherwise what do they, the board, actually do on a day to day basis?
sj74
big backlog for drill rigs and at the labs
theyre all delayed,because of it.
he1's been waiting a year,just for a rig.lol.
Does anyone remember the rate at which a drill rig goes through each day diamond drilling? It's been 3 months of drilling now, must be a fair chunk through. I thought we may of got some initial drill results, intercepts if positive announced around now.