Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Eric,
It is not a huge hierarchy that Budge has to manage. Two or three individuals, who should be joined at the hip and updating each other on a very regular basis.
Re not running key tasks sequentially, isn’t that just obvious??
He’s got the budget, although, as I’ve said, he’ll soon be chucking more money at Kosovo.
It’s almost like Kallak is on the back burner, when that is the single area which could, if properly managed, bail you out of this junk share debacle.
Aye Pocko. With the PFS and Environmental Application submission both within Kurt’s control and not within the lost avenues of the Swedish Government, there should not be any reason why these can’t be delivered within the time stated. Particularly as the timescales are very general as to Q2 and Q4. No excuses for not achieving the planned work.
Lb, fair enough re being able to run numerous things concurrently, but I suppose it’s also a question of budget. We don’t know either, just how communications are between Kurt, Rasmus and Ulla. Whether Kurt has to press for updates etc, or if they are offered up freely. Kurt not being based in Sweden or Finland, for example, can’t be ideal. So we have to trust Rasmus and Ulla’s performances are also closely monitored by Kurt, just as we are monitoring him, albeit with our limited information. Lol.
We could go on and delve, but drawing our own conclusions, especially when the sp is struggling, may not necessarily be the correct conclusions.
Nobody can argue with where the sp is though, or that it is Kurt’s responsibility to ensure the performance is raised to put us in a better and much safer position.
It’s been the expense of Kosovo for only promising results of further places to explore that hasn’t helped. We could have drilled KS and proven up more potential mining life with that Kosovo money. You and I know that it hasn’t sat well with some of us either that Vardar isn’t a listed company.
This year is vital for progress being reflected via sp, and I’m nervous about it.
You might conclude that Budge is being deliberately vague in order to avoid awkward questions when nothing happens.
Believe me, he is not that smart.
He simply can’t put a timeline together as he’s lost control.
And why must one task be completed before starting another. There is nothing stopping the company running tasks currently, in my view.
I thought that is why Ulla has been employed?
I also suspect that Budge now exists in an echo chamber of his own making. What does he and his colleagues actually do to effect progress on a daily basis?
As it stands, things such as the PFS and environmental permit application are in his hands and not with the government.
And what has been achieved since the huge fundraise in 2020?
Yes the exploitation licence, but that was perpetually in the pipeline.
The fact is, BEM is a small player and should have remained solely focused on Kallak. Grafintec looks hugely promising, with news allegedly due in July (Mid year is the phrase used) that could transform it's prospects.
But if there was ever a company stretched too thin, we are now it.
Yes, we shouldn’t be left wondering just when in Q2 the PFS on Kal will commence. As an example.
The same excuse was being wheeled-out a few weeks after the exploitation licence was issued.
The fact is, any plans in the pipeline should have been budgeted and the go-ahead given. Investors should not be waiting for Q2 for example.
It's fine being an ideas man, but to get things over the line is another matter.
Hi Sooz. Yes, but Kurt hasn’t only had two weeks since the fundraise to return something tangible. He’s had a year since the concession was awarded to do that, and prior, with both the Finland and Kosovo projects, while we were waiting for the concession decision.
I can appreciate what you mean, but historically he has so far failed to return any sustained value for shareholders.
I'm finding it difficult to imagine how the company could have turned any of the recently raised funds into something tangible in two weeks.
Just seen your post Pocko. Yes, I agree with you.
Johnny, no, I don’t want to see this consolidated, not until the company is performing well, as it will only mask the performance situation and give Kurt an easier ride. I want him to do a much better job of keeping the current amount of shares in check now, not reset the amount of shares in issue then start raising funds again. It would be like giving candy to a baby.
Only my view.
And a successful fundraise... For whom?
It will be consolidated down the lane, but that too is a slippery slope for investors unfortunately.
Actual results are our only hope.
News flow and momentum.
This stock needs to be consolidated. One way to bump the SP and simultaneously signal that the chances of recovering your investment are as likely as hell freezing over. Big up Doublethink!
I don't think I have had such a calamitous result as when I decided to up my stake in Arian and then see £2000 turn into £1.76.
Kinda makes Credit Suisse look amateur no?
*woof woof*
PS Of course you know that as well as I do. Lol.
I read it as an intention, TFE...they intend to extract when they get the environmental go ahead to do so and last but not least they've got plenty to extract.
Extract from Beowulf's website….
"Beowulf Mining is a mining company with main activities in exploration and extraction with operations in Sweden, Finland and Kosovo. The extraction consists primarily of iron ore, graphite, gold and other base metals."
Could some knowledgeable BEM investor please inform me and the BB exactly what makes Beowulf an extraction company.
Apart from drill cores and a 500 ton scraping of the surface of kallak, the only extraction that comes to mind is taking the p*ss.
yeah suz
aym/zioc/kdnc/ufo etc....all languishing in a bear market,sp wise's
which is odd....metal price have done well,since 2020.
Wonder if we'll get to see Beowulf's presentation yesterday to the Mining Journal Conference in London...it was on Twitter but I don't do that.
Thanks Troaj...very interesting...confirms what we've experienced in the last year of a low interest in commodities, but at least this company has managed to raise the necessary money to get the work done this year...and he said raising money has been harder than ever before. We scored on that at least.
aym's ceo....on replacing russian supplies of iron ore
19 mins in
https://www.proactiveinvestors.co.uk/companies/news/1010492/anglesey-mining-plc-aim-aym-presents-at-the-proactive-one2one-investor-forum-march-23rd-2023-1010492.html
Reminds me .... said with sincerity:
"Of all the boards, of all the shares on all the exchanges in the world we had to pick this one.
Play it again BoD."
cut to a dark wet, windy rainy bus shelter:
"Ah well we'll always have Mutsk" E.Ric ..... burger van rolls downhill out of shot.
LoL :-)
Yes Bans, I’ve made some terrible decisions, sticking with shares throughout for the most part. Or waiting until they went bust while thinking that they’d bounce back at some point, like with BHR. ORE was a calamity wasn’t it though, in a different way. Start out with a gold mine and end up with bras and knickers. It is unimaginable what occurred, yet it did. The gold is still there too, but a bit too varicose veiny. Lol.
Best of luck with BEM.