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Just amazing to believe that a company with such an asset, just can't turn it into value....At least as Pocko says, not into value for the shareholders who have paid for everything
Yes EricDraven, a greater upside, which unfortunately for the individual, potentially becomes an ever diminishing return for some of the reasons I've outlined.
Some can't even see, or more to the point, don't want to see, that delaying the environmental permit application as we appear to have done, puts back the ambitious target of mining by 2026.
Many here invested in a company that had a clear plan to mine by 2018...
At this sp it is difficult for me to see how we are in a strong negotiating position. Budgie has contributed to this with a 40% discount given on the last fundraise. Weak negotiation.
Obviously the current sp is grim, and there is a risk of even further downside, along also with greater upside. It’s important to accept that it could still go either way. We should not be in this position, yet we are.
I've got plenty at risk, but call it as it is - Not as you want or hope it to be.
The company is not in a financially strong position, and like it or not, private shareholders are the bottom of the pile. The very last people to get paid.
Does anyone honestly believe that Budge, Bowie et al give a care about private shareholders?
You have a million shares at 1p - A consolidation occurs and you now have 100k shares at 10p. Great... a drip drip then occurs and you are back to 1p.
BEM can easily be taken private... check it's legal constitution.
You want a sale? The MCap is currently £18m. You want a premium? Here's £20m...
The CEO undoubtedly has a difficult job, but don't kid yourselves. All sorts of financial chicanery can occur, and it won't be in our favour.
The future of the company is not binary, and success or failure will take many forms.
When some are wiped out, and they will be, I wonder if they'll bellyache then? Lmfao...
SJ, aye, exactly so.
Pocko, I think your post is a fair assessment of the situation and the effect on sp. If the sp was sitting at 15p due to better management of our assets, then existing shareholders would not be in such a precarious situation. It should be a concern, as to how a healthier position will be achieved before the next cash call.
Yeah the reality is grafintec is the companies main focus and rightly so. It will have support for the project and it's valuable looking at its economics.
Vardar needs to be spun off or sold off to realise some money and kallak needs to be sold or a partner brought onboard to take it forwards. We can't fund all these projects without having millions and millions of shares in issue. It'd be pointless to invest, to much dilution from this level. That's why this review is crucial on kallak and Vardar.
Sorry Suzy, but after 10 years, I think Im entitled to whine. Whether it does any good or not.Its about time this company showed some leadership. We should be making appeals to mothis forward. Treading water costs money and it is completely unfair. It is happening due to Swdish government procrastination, whether you agree or not, this is not the norm and we should be entitled to compensation for the fact that the Swdish govt have stretched this so long.
I'm responding to EricDraven and posting pertinent facts. It's called discussion...
You really can't help yourself, can you? Very whinny... a delight to live with no doubt.
Back you go into the naughty corner.
We know the score...news on the Kallak decision is what we're waiting for...could be this Christmas or next Christmas and the Company can't do a thing, about it, bellyaching is a waste of effort.
The SP won't be addressed (improve) without positive newsflow. Not jam tomorrow, but actually news.
Likewise, a cash raise is on the horizon, and investors know this. Failure to deliver on previous promises have resulted in unnecessary and damaging equity issues, destroying shareholder value.
As positive as the RNS yesterday, the company has an unfortunate history of delivery failure.
These two things alone have impacted the SP., notwithstanding the impact of outside forces such as the government and Sami.
Roller, we potentially still have Kallak to get excited about, but we could be struggling if there isn’t anything near-term. My concern is the next fundraise. The last one was destructive enough to our holdings, especially for anyone who couldn’t average down. We shouldn’t be in such a position with a world-class asset. I’m hoping a deal is struck for Kal, which becomes official pending the outcome of the Sami Appeal against the Swedish Government.
Vardar? Dunno. No real news of any progress made all year. Well, since we diverted £250k over there back in January. We’ve not had any real operational update. Why not? Surely they’ve done something!
Anyway, so we continue to wait for the end of this six month review and ponder what might have been. The sp problem has yet to be addressed.
I think that the vast majority of us in England are so Fucxxd off with this now after so many years it's getting increasingly harder to muster up any form of excitement or optimism and just want it to do enough to be able to cash out and walk away.. good evening.
Yes, good. We need more of the same.
There's a ripple of interest in Grafintec on Discord which is a good thing...
I agree re the RNS. Structured well for progress at Grafintec, but years away. Still, we have the plans plotted out, which is something new. What I will say, in Kurt’s defence, is that the CRM Act was only voted in favour of by the EU Parliament on 7 September, something which we trust will work massively in our favour. Kurt did not have the added bonus of this and the recognised targets for the EU.
It is difficult to take re the timescales, but nonetheless, we now have some. It is only a preliminary roadmap though, so subject to change of course, which could be change for the better.
Kal and Vardar next then.
Good luck to us.
Yes thats the problem....Heres some exciting news that may happy one day far far away, which of course means we will need more of your money to keep us going until then.
WHAT ABOUT NOW.....
WHAT ABOUT KALLAK
We are supposed to be progressive Kallak like it is business as usual, what the hell is going on............
Message from Mr Very kin Frustrated
A pity no one is breaking out their piggy bank and buying. Shows the level of illiquidity and lack of interest in our market. And not that it matters, but I did buy last week...
A very uplifting RNS and beginning to get a little excited again, sadly the can seems to get kicked further down the road in terms of years, but at least it's getting kicked I guess...good day everyone..
Positive RNS, but the dates make for uncomfortable reading. 2027 targeted for production?
Good that work is progressing, but shows the project drift under Budge.
It's a wild guess... experience tells me it could be much longer.
I read somewhere on the government website that it could be up to a year, but it was using DeepL. And the information talked about the date of submission. So who knows? It was very contradictory...
I hope you are right Pocko that it is quick and this dire SP gets a bounce.
In terms of court, I thought it was just a case of presenting legal arguments? The Sami, on challenging the government had several deadlines to submit their case, if I recall correctly? I hope it's a quick judgement, and I can't see why it wouldn't be?
And in respect of the review. Who knows?