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Hope you are right SJ. I haven’t tried traded yet, only sold a few because I needed to a few months ago, but trading is probably the only way now that I’ll ever my investment back. I’m not thinking of profit, only to break even.
But a pleasant surprise wouldn’t go amiss.
Good luck to us all.
Taken us too long SJ, because for years we were obviously stunned from the sheer disbelief of what was actually occurring. Lol.
I wish I could have started years ago. Lol.
I’m interested to see who we do get though. As usual, probably never heard of them, lol, but that’s all part of the intentional illusion of mystique, purposefully created in order to continually string us along. 🫠
First thing I’d do is fire the BoD members. All of them, having cunningly pretended to only be interested in the role for the purposes of massaging my own ego and for the prestige. Clever eh? Disguised as one of them, but really only totally focused on turning the company around for existing shareholders.
Fancy that..
Possibly Sooz. A nice ego trip for a wrongly appointed duffer who thrives only on the perceived prestige attached to the role. Lol.
See you next year then Oaktree, when we are closing in on production. Lol.
Spot on re the Options, particularly if you have not traded the ups and downs. Question is, how can we really attract a fantastic manager to run the Kal project, if we can’t even guarantee raising funds above our nominal value price? Why would anyone with superb credentials be associated with us? The assets are great, but…..
Only a thought. I wonder what guarantees have been given to secure this world-beater?! Hmm 🤔
Lb, fair enough the points you’ve made. I suppose that we shareholders, or some of us anyway, see Ed, Kurt and Clive before them as our representatives and who really should be acting in the interests of all shareholders. Being that it’s our company. But we also know that performances have been shocking, whether by design or otherwise, and so are left to lick our wounds over and over again, because so far the people representing us have failed to sufficiently raise and sustain the share price when it really matters. Clive being the most successful in a bull market, prior to the then almost complete sp collapse. It’s been a case of jobs for the boys and money for old rope. With the share split, anyone who takes up the offer wants their bumps feeling. Might as well buy as usual on the open market, once it remains tanked until the Court appeal is dispensed with. Banking on there being sensational hidden news is a mistake, in my opinion.
SJ, yes, agreed, we simply should not be placed in this position by the management team. Ed has had six months in his post, time to sort this, and financing at healthy levels should have also been a crucial consideration during the ‘strategic review’ before and since Ed joined us. Yet it seems to have been left to chance, when we need the money again.
As you say, only the chosen will benefit.
Disgusting really.
Pretty grim really this. The proposition by Ed to even mention a potential raise below our nominal value only proves how badly this is being managed. Steps should have been taken for months, to ensure we were not faced with this problem. I tend to agree with SJ, insofar as, now it’s already been announced, and the likely cost to existing holders is known, why would the sp climb back to 2p, for example, when we know what could be planned? Supposing we all vote against the share split at the EGM, what then?
All we seem to do is take our slaps and thoroughly dislike them. We can’t only point to the Court decision on Kallak. Progress elsewhere has been dire, and we aren’t looking at any objections lodged for our other two projects.
We obviously knew that a fundraise was expected, but the terms are leaving a very bad taste, possibly the most damaging fundraise ever for existing holders.
Our already precarious situation has been and is being managed shockingly by the BoD. No question. Why not specify to any interested backers or participants in this fundraise, the money men, that retaining BEM’s nominal value status is essential in any negotiations?
World Class asset, yet why over a barrel?
This bright future is a bitter pill for many.
Useless Mr Bowie. Useless.
I’m not being defeatist but Ed and co have had plenty of time to work on this fundraise, to ensure that it is kept above our nominal value status. If we are looking at over a 50% further drip on the raise price of 2.06p, then that’s pretty disgusting management, in my opinion. We already having stomached the blow of the 2.06p fundraise, which was, as we know, a 40% discount to the then prevailing sp.
The last RNS, and use of a Primary Bid open to all platform again suggests that existing shareholders are being bulldozed to one side and into likely oblivion, if we can’t afford to, nor have the desire to continue to stump up our money in return for less and less shareholder value. Let’s face it, there has been promise of creation of value, but yet no or little attempt made to ensure that the cash calls are not totally crippling for the very people, you, me and everyone else who actually own this company.
Am I wrong? If so, why is that?
What has Ed actually done so far, to bring the rest of the business into the picture with the market, while we await the Kallak outcome with the Court?
Keep taking the wages and not performing well enough, then stuffing us at cash call time.
Nice!
You said it! 😂
Ok Hasty. I’ve just read the RNS but not yet explored the links or additional info. 👍
A grim day but hopefully not a grim future. I can’t comment further as it’s all a bit too much today for me. Be good to know what’s happening with Vardar now, as it wasn’t mentioned in the RNS.
Bans, thanks for your kind comments earlier, much appreciated.
Have a decent weekend all.
Lol
We must trust that the anti-mining lot will dig their own holes while the Court decision is pending. Best for BEM to remain calm and await the decision, and not be drawn into any nonsense. I know the sp has plunged again markedly, but it also rose well without specific price-sensitive news from BEM itself. Ups and downs until the Court result. That’s the way it is.
From 1 day ago:
#BEM is committed to delivering the raw materials critical for the transition to a green economy, including high quality #ironore and natural flake #graphite, via the discovery and development of assets to aid in a secure supply of critical materials to the EU.
Cheers Roller. Yes, he’ll probably be throwing a good few wobblers over the coming months. Terrified of progress. Lol.
Another day chalked off here Roller, and as the days roll on towards a Court conclusion, the more crap from the anti-mining brigade we’ll have to endure. But that’s all it is, enduring the nonsense, which is simple. We can do it.
Have a good evening matey.
Yes, it’s terrible the slide back, but it surely should go up again within the next few months or so. Perhaps up and down a few times while we await this Court conclusion.
More waiting, but thankfully not another 13 years worth.
Yes Sooz, but I suppose Mags would be backing a decision that was made under her tenure.
I suppose we’d all like the Court decision to be here before now, but it seems that two years may be the norm for any objections to run their course.
So we wait, knowing that the Government decision is well backed, not least of all it being reiterated as the correct decision by the Government itself.