Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Our first thought is always...why didn't he offer shares at a discount to long suffering long term holders? But the reality is that it's an expensive business to make a rights issue. The funds are now in hand and that is a good thing...it was an efficient way to do it
Funny how new posters are feted as long as they sing to your tune, eh Suzy?
Reece. Clearly you never ran a business.
I've just been reading all of this morning's posts and I see that you posted some positive comments. It's nice to see a bit of positivity posted amongst the non invested troll pile.
atb
You just beat me to it. Bobtree....When you insult people you should make an effort to get your facts straight.
For info, the 750k was raised at 5.5p not 6p. So this 500k was raised at a higher price at 5.75p. So it is nonsense what you say.
Geovanni's last post here on 2 April:
That is a great letter from the chairman. it covers all the political and economic issues. The clock is now ticking as we await the response. Everyone understands where this heading if they don't make the correct decision.
The AIM share price is sitting at a 16% discount to the Atkie. Once again I couldn't resist buying more this morning at 6.15. Time to rejoice, we are on the last leg to somewhere.
If any of you moaners took a little time to re-live the history of this share you might discover the truth instead of posting nonsense.
A long long time ago our very capable CEO announced that rather than run up massive debts for BEM when paying his staff all of the employies, including Kurt agreed to take their salaries in the form of shares, that's what I call confidence. Has it occurred to any of you that a large proportion of todays small cash raising will be to pay his staff as well as funding his new prospects.
Of all of the exploring mining companies this company has one of the smallest amounts of shares in issue. By the time they start to mine most of the developing companies have a share issued measured in billions.
Kurt is a good man and he is doing his best to get this show on the road. It's time some of you got behind him to pat him on the back rather than stab him in the back. As to the suggestion that Kurt has no money I would point out that he is the son of "King Coal", the man who owned the UK coal industry. I would imagine that Kurt has a few bob in his back pocket if needed.
The combined accounts of my wife and I puts us in the top level of BEM's non-institutional share holders so we have a lot to lose if it all goes pear shaped. However, we have confidence in this company and will retain that holding until BEM receive the permit to mine as they will, no matter how long it takes.
To all of the non-invested trolls who appeared this morning as it by magic I would suggest that you find another place to play. You won't wind up any of the genuine share holders, we've seen all of your nonsense too many times before.
Best wishes to the genuine Bemmers.
It is looking like we are on the runway. The spread is currently small at 6.225/6.25 which is a pleasant surprise. Also with a 10% discount to the Atkie. A good buying opportunity which i haven't been able to resist, having sold quite a few last week in fear of nothing ever happening
So folk here we are yesterday 'some news of potential progress' - lets take that as Good News.
Today some rat has returned to his old tricks and decided 'his mates' wanted 'IN at a DISCOUNT'
So having took the wind out of the sails on the last rise by 'going to the market for money' he's done it again this time at 5.75p !!!!! A new target low to try and rise up from!! So why didn't he lump this £500,000 in with the last £750,000?
Maybe it's a 'discount sweetener' that made the last £750,000 at 6p possible.
Does Mr Budge have so little confidence in this company that he is prepared to discount shares Willie Nillie to fund some wildcat venture in the Balkans?
Shame an absolutely shocking performance even for an AIM Company!!
For what it is worth, this is my take on it.
Read into Budges statement....
"I am pleased that investor interest has again been shown in supporting the Company, with an offer of additional funding."
This sounds like someone or some investment management company actually approached BEM with an offer to invest half a million, not BEM going around with the begging bowl.
This would be the quickest and cheapest way to take a punt on what we hope will be the government giving us the license.
Much more clinical than trying to acquire shares on the open market.
Plus they will take off fee's for the purchase if they are handling the offer.
If this is the case they have got in cheaply and early and will probably hold the new shares, we will never know as they don't breach the 3% rule.
And this.....
"The funds will be used for general working capital purposes and for supporting its commitment to Vardar Minerals' Kosovan exploration programme."
Just a general statement, can mean anything really to justify these funds. I thought the last fund raising was for this purpose.
One thing for sure is that LTH of BEM are not about to sell anytime soon.
Doesnt seem to be affecting sweden ,down 0.8 % , suspect we will recover sp shortly.
Finally someone who can see through the smoke - I am for one not very impressed by Mr Budge, keeps dilute old shareholders and no results has been shown yet. Even a ''pressure'' letter took years to send.
- If it wasn't because of Kallak being a big big lottery I would be out due to the administration
Dont agree.
More debt and dilution.
Kosovo is a joke. Years away from any revenue.
The only strategy Budge appears to have is to conjure up
anticipation of progress then burst hid own bubble with this nonsense.
Wouldnt surprise me if he jumped ship to join his pals at Vardar. Shocking.
It won’t make any difference to SP regarding Kallak concession being awarded.
Investors want a slice, it’s an offer from them and Kurt took it. Why wouldn’t he.....
More money in the bank that adds value to the business.
Market cap of nearly 40 million but need £500,000 ,says it all ,like someone going in the bank saying I’ve a massive business doing well ,can I up my overdraft by £50
Let’s hope that Budge is planning for life after Kallak...
Despite managements best efforts, Rudolph has won out. Such a small placing a sign that’s all they could raise. Just enough to keep the lights on in the hope of a miracle.
Today's RNS makes me very skeptical about yesterday's.
Just playing around with investor sentiment. Real investors back of the queue as always.
And always at mates rates to unknown third-parties, that then sell them into the market for a quick return.
Funny how the SP always seems to shoot up just before a placing. Snare a few more gullible investors
Propping up another project that won’t be cash generative for years...
couldn't wait a few weeks eh? Only a few million though - ie a small percentage - but can't believe Kosovo was that urgent....
Same old crap from bem .