Member Info for 3cardbrag

Yet another £100k of our much needed cash resources thrown at Vardar just to gain another 1.4%.
Saw a programme on telly the other day where a quite intelligent lady was persuaded over and over again to part with money to a very plausible confidence trickster who kept coming back for more. I do hope this is not a parallel although perhaps it means that there is reason to loosen the purse strings as a decision on Kallak has been given the green light.

Sumo - bearing in mind the rate of acquiring of late, I'm not sure that buybacks would be in our favour until we are in a position to be able to fully fund future acquisitions from cash flow.
Also would like to see a period of consolidation now, particularly as regards Kabwe and the last 2 acquisitions.
I worry that we may end up overstretching if we run before we can fully walk.

Latest RNS seems to have stopped the rising SP in its tracks.
Is the market thinking that they paid too much or can we expect a low price institutional placing?

Bring - in an ideal world, one couldn't disagree with your hypothesis. But the world isn't ideal and we have been dealt a shiite hand. The value of the royalty is only of any use to us if it can be unlocked and quickly.
Borrelli has his own agenda and will be well ****sed off with LTHs for having stood in its way. All he need do if push comes to shove is run the clock down and eventually we will lose everything. He needn't worry as this is only a part time income for him and he certainly won't lose any sleep over us.
So whilst 1 for 5 sticks in my craw, I could probably accept 60000 JLP shares right now just to walk away from this stinking mess. Maybe we are in danger of throwing the baby out with the bath water. Just my thoughts.

dfs - am in similar situation. Sold at 129p expecting a retrace but never happened. Hope I haven't missed the boat on this one.

I agree Jed. I can wait. Only 1.5 p down at moment.

Fair point Klue and let's face it they recently set a precedent with the £5m outlay for the remainder of Hernic.
Bearing in mind that Kabwe potentially dwarfs Hernic, It seems pretty sensible to me at the right price.
That said, and in relation to your final point, at the moment our shares are technically worthless and untradeable so I would say anything reasonable should be accepted. Bird in the hand and all that.
I took a decent wedge of JLP last year as a hedge and am currently £3.5k up and looking at much more. Obviously to offset paper losses of well over £20k in BMR rather than increase my kid's inheritance. Ouch!!

Bring re 09.38. Sounds fantastic. And with 300k worthless pieces of paper, why wouldn't I vote for it?
Only trouble is it will never happen because that could be seen to be acting in LTH's best interests and that is just not in Borrelli's psyche (AIMHO based on experiences to date of course)

Lol

I, like most on here am realistic that our fortunes are very much dependant on our getting the thumbs up here. But the gamble is very much reduced by the huge amount of work done by BEM to meet licence legal and environmental requirements.
Whereas you are just a wind-up merchant trying to scare people into selling up

re Nasty little man. Have you read your posts???

Typo deramp

Buster re 10.33. For the sp to have dwindled down to 2p the Swedes would have had to have cancelled our mining licence and some of our other projects gone tits up. So why would you then invest in what would by then be a dead donkey. Go and decamp somewhere else idiot

Buster. It can't be more than a 50% gamble. ie yes or no

Forget 2 years Anon. Banjo has been spouting the same old overly positive craap for nigh on 5 years. During this time the SP has been reduced to a tiny fraction of its previous self and shareholders have been absolutely diluted to hell and back. Oh and production is a tiny fraction of forecasted amounts. Oh and we've never made an annual profit. Oh and we've gone from debt free to heavily indebted. Still at least we have the first mover advantage coupled with unconstrained demand. And banjo has the gall to call others idiots. F%%%% joke him.

Yeah I should pop your spare into SXX or UKOG. Much better prospects than BEM. lol

Mickey. Would you like some gravy with your "eat my words " pie?

I'm assuming banjo's optimism is based purely on the law of averages rather than any scientific reason for such optimism

Have patience. I've a feeling in my water that the upcoming results will be a pleasant surprise. BWTFDIK

Buster - your aggressive and argumentative posts remind me very much of individuals who have come and gone on BMR and VOG. How many identities do you have under your belt?