RE: Wrong Spread / MMs in Trouble!6 Jun 2026 08:49
Taking private is certainly a possibility, no doubt that 'risk' exists (sh's still own a share of private co). But I think better than 50 50 they getting control of listed vehicle to build a minerals platform listed mainly in Sweden but also listed in UK - US listing may come later?, the team are not particularly cost cutters, lawyers and restructurers in the main, they are clearly mining and critical mineral experts azf also oil and gas too. See yesterday's rns - "as well as consider opportunities to expand its asset base in key strategic minerals" they not mentioned delisting subordinate listing - aim, whilst also proposing "Jeff Townsend, founder of the UK Critical Minerals Association". Yellow cake proves bacchus willing to take listed route, they want solid control of bem. I've had similar concerns re going private and been presently surprised so far at goldgroup - gga here
https://thenewswire.com/press-releases/1Av7FganX-early-warning-news-release.html
- cln involved there too from memory - calu and gga built gold mining platform listed in Canada and stock done well over time es came in and still listed yrs later. I accidentally mentioned i was following developments there posted 08/01/25 - last line. Rns says "Upon completion, Beowulf will be strategically positioned to be a key participant in the global critical and defence minerals sector" and "allow for the evaluation and pursuit of opportunities in the broader critical and defence minerals asset class". The 3p is a stinker of a price esp after last few yrs of descent - reminds/ed me of wishbone, I remember buying a co called tourmalina metals tbx now kcp heres the closing announcement
https://www.globenewswire.com/news-release/2025/03/03/3036117/0/en/turmalina-announces-closing-of-share-financing.html
placing announced 12/02/25 at 5c i remember thinkin that's a bad price and was major dillution too, price closed 9c, done well since too. I know I'm cherry picking here and yesterdays rns was not a tintana mines moment but market did seem to like it overall. Bem.lon all time log chart morphology (bottomed out v broad decending channel) maybe viewed by some as bullish esp from 3p entry? Swede rail spend commitment due June = my understanding??. Take private can and does happen but there's a tried and tested alt route too. Trump migration affected job no.s, wat esc and Korean Market vol/bond market competition etc, ai free cash flow vs spend commitments seem to be spiking vix and broad sharp sell of, ultimately bem likely had choice on date of announcement/signing so next week on markets choppy ride expected
Hence ill hold to see what happens.
AIMO ATB