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Think I've been seeing that same headline since we last went on a bull run in 2010/11 lol.
Thanks Troaj....That's something positive: "You haven't missed it yet! The UK small cap rerating opportunity"
We've been promised one of those more than once.
Don't flatter yourself TFE your post the other day didn't ruffle any of our feathers, we were united for a change re the value of your musings. All sorts of people post on these boards.....we even get impostors from Mine free Jockmokk. But of course nobody's an impostor, people can say what they like, who knows what their angle is you just have to guess. But mean spirited malice posing as helpful advice to people of limited intelligence is never easy to take. This is AIM not Lloyds as people keep telling you. Anyway Good luck with the Bank and the Cruise Ships,
OKAY OKAY SEEN IT! ;)
No LUKROEVEN! Ed got an option to Buy 11,5 million shares. He can buy them 10 years from now or not!
Ed bought 11,5 mil shares at a lower price than the opt. price.
Why would he do that,when everybody knows it's money down the drain????
Reckon so Eric. Ed mentions about there being plenty of other funding options... How bad must they be if the first choice was massive discounted share placement to then have 2 billion shares in issue.
I'm not negative in BEMs assets, they are good however the management are well out of depth with the normal investor.
Do I detect some discord on the BEM forum? Seems my post that ruffled a few feathers the other day is gaining kudos and another step nearer to reality.
By the recent comments, the last paragraph from that RNS could have been written exclusively for Beowulf sometime in the future.
The only unknown is how long into the future.
Just a reminder….
“The Company does not believe that any of these options are likely to recover any value for the Company's shareholders.”
This share is so dire that the concept of a positive result from the courts would make little difference to the advancement of a working mine near Jokkmokk with BEM at the helm. The Sami must be ‘rocking in the aisles’ with every announcement and development in this Swedish/BEM farce.
The market has already decided, look at the share price.
Good morning all... Has anyone emailed Ed and asked him specific questions and did he have the decency to answer as he's surely not too busy to.. have a great weekend..
Aug59, you still haven’t supplied the bb with your thoughts following this latest fundraise. What is your feeling now?
Thank you.
SJ, perhaps it’s in response to yesterday’s wholly inappropriately timed and irresponsible RNS.
Just realised it's gone under the Swedish fundraise price today at 0.07 sek. Shares issued at 0.08sek.
Market needs to know where the rest of the money will come from to fund the 2xPFS.
As I've stated previously... Gets run into the ground, sold as a going concern, and select member of the board get plum jobs in a new entity.
With the parting words... 'we did our best... Challenging market to raise finance... Blah blah blah'
Still waiting for Bowie to release his salary. He won't be able to hide it come the next financial statement.
Likewise the new Project Director, who is conspicuous by his absence or low profile. His first achievement to date? Lining his own pockets.
Years gone by I'd of been all over this SP buying more.. the BOD Instill no confidence with their blatant disregard for investors. It's all been very suspect to me since that 'spike' into the 2s no doubt to aid the underwriters. There has been nothing but mass dilution. The projects could be brilliant. They've just been managed poorly. The spike, the RNS to tell us about a fundraise, then the RNS to tell us about the huge discount once it had already been discounted massively because they told us now over 100 million options at dirt cheap. There is a time and a place for this and it's when they are doing their job and the SP is on the up. There is a reason why Ed never bought on the open market..
It's really poor, no skirting around it. Sweden thinks the same hence the drop and volume. The BOD are taking the Mick.. how convenient.
From the RNS dates the 8th July 2022:
In establishing the LTIP, the Company's Remuneration Committee has taken advice from a leading independent consultancy specialising in the planning, design, and implementation of business-driven pay and reward strategies...
"The LTIP is designed to retain and incentivise key employees and Directors..."
Verbatim from 2022... Other than line Budge's already bulging pockets (Daddy assisted in the managed decline of the pits), they coupdnt even be harrised changing the wording.
Multiple employees have since left... So how's it working out for investors?
There's more than one way of looking at anything.... but the timing of this morning's RNS could have been better, particularly the bit about advice from a leading independent consultancy specialising in the planning, design, and implementation of business-driven pay and reward strategies. The LTIP is designed to retain and incentivise key employees and Directors. Spending our precious cash on that at this moment is a bit hard to swallow. Let's hope they get a chance to earn it...we desperately want to love them a bit better.
How'd you do LUKEROEVEN and good luck with your investment.
The I know but the current (and past) management have been playing a cruel game of limbo with shareholders, just when you think the bar can’t get lower .....
That's a low bar to set chuteless...
It's at the issue price
To be fair it’s holding up well here despite news as in Sweden it’s dropped just below 0.005p equivalent today
Where to start?
Yes they do have to pay for them... But will only exercise them when they ware worth in excess of what they are permitted to buy them for. It's a gift and poorly timed at that.
The timing is appalling given the poor performance of the CEO, Chairman and directors. They have repeatedly failed to deliver... anything.
With such a low price, it's demonstrates a complete lack of belief. If the price were 10p for example, that might demonstrate faith and ambition. But no, they've granted themselves rights at a ridiculously low price, barley above the price at which they sold out existing shareholders.
So, in short, get some wool on your back, read up on the performance of the company in the last 5-10 years and then pass comment.
There will be at least two more fundraisers in 2024, and then there will probably be 2 or 3 more next year, so why buy now for 0,75 pence?
The shares are not free, the board menbers actually have to pay for them.
If you want shares at the same price or lower, just fu--ing buy them.
Never heard of a board that dosn't take care of them selves.
Nothing unusual at all.
Would they do it if they didn't believe in Beo.
SJ, Pocko, Wod. I’ve had enough already today, so may just check in later on tonight to read the comments before bedtime.
Have a decent day all.