Member Info for EricDraven

Well yes, it obviously wouldn’t be good taking a loan with a ‘premium rate’ attached.

Surely Kurt could secure another loan again and either repay at a future date, much like the current loan, or allot shares to the lender at the time if we can’t repay by the agreed date. This will avoid raising funds via a placing now, while the sp is at this present sp level.

Q4 next week, we should be hearing news before long re the Scoping Study. Yummy!

You never know, after tonight’s BEM presentation we may get an RNS tomorrow that could catapult the daily trades markedly to around 5.

That would be disappointing.

Yes, the wider issues aren’t helping, more of a bearing on BEM if we were in production though. Not sure what Kurt will tell us tomorrow, but it’s hopefully of help. We still have no clue exactly how Ulla has made a difference yet, if she has. Or why she was appointed at this stage. I’m still curious about that. Lol.

Sooz, I feel Pocko’s quote is valid, regardless of the work we have planned. It would also be valid to say that we’ll continue with all work planned and not consider any offers until we are on the cusp of mining the resource. We have to have work planned, e.g. the Scoping Study, or it will look like we aren’t busy and doing anything, which would be true and extremely worrying. Lol.

My guess is we carry on with our plans and if any offers come in, we take each one on its own merits. My confidence is low on this at the moment, as you know, so I feel it would help if Kurt were to also tell us when the PFS is planned for, when it is likely to be. After Scoping Study before Environmental Application submission? Not sure. But it’s important because it should mean we drill KS. And I do love it when we are drilling.

I’m not factoring in Finland at all for anything outstanding to occur there for us anytime soon, because it seems to be ticking along just with the BatCircle funding, it appears that there is no real sense of urgency to it, as it fits in with the funding timescale. That is my thinking anyway, but if it’s free funding then yes please, we’ll take it.

Kosovo, hoping we do get to drill before winter sets in. Be good to have another go this year.

Byeeee. x

http://www.hensengraphite.com/about-46-1.html

I think 5p would be good first. Lol

That would be nice. A few years ago I’d have thought that completely viable, but now I’m not so sure SJ. Hoping so, but not sure. Looking at things currently, 50p seems like a dream.

Yes, it does add up, so that’s a bonus. Lol.

Hoping we haven’t just got a load of shares in nothing though, that’s the thing. Considering the cost so far Sooz.

A bit lengthy Sooz, but proves Kurt does not hold individual shares in Vardar.

Afty. x

Obviously it doesn’t format too well. Apologies.

Apologies all. It won’t let me copy the pdf and the link denies access, so I’ve done a copy/paste, but the info is there to view on Companies House website under ‘Filed Documents’.

CS01(ef) Company Name: VARDAR MINERALS LIMITED
Company Number: 10474687
Received for filing in Electronic Format on the: 30/08/2022
XBBHHV1M
Company Name: Company Number:
Confirmation Statement date:
VARDAR MINERALS LIMITED 10474687
27/08/2022
Electronically filed document for Company Number:
10474687
Confirmation Statement

Full details of Shareholders
The details below relate to individuals/corporate bodies that were shareholders during the review period or that had ceased to be shareholders since the date of the previous confirmation statement.
Shareholder information for a non-traded company as at the confirmation statement date is shown below
Shareholding 1: Name:
Shareholding 2: Name:
Shareholding 3: Name:
Shareholding 4: Name:
Shareholding 5: Name:
Shareholding 6: Name:
Shareholding 7: Name:
Shareholding 8: Name:
Shareholding 9: Name:
39209 ORDINARY shares held as at the date of this confirmation statement
LUKE BRYAN
39209 ORDINARY shares held as at the date of this confirmation statement
ADAM WOOLDRIDGE
12500 ORDINARY shares held as at the date of this confirmation statement
PELAMIS INVESTMENTS LIMITED
12108 ORDINARY shares held as at the date of this confirmation statement
CROESUS MINING PTY LTD
4068 ORDINARY shares held as at the date of this confirmation statement
JOHN MACKAY
4068 ORDINARY shares held as at the date of this confirmation statement
DAVIES LIFE INTEREST TRUST
164658 ORDINARY shares held as at the date of this confirmation statement
BEOWULF MINING PLC
459 ORDINARY shares held as at the date of this confirmation statement
ROBERT WOOLDRIDGE
459 ORDINARY shares held as at the date of this confirmation statement
ISMET KRASNIQI
Electronically filed document for Company Number: 10474687

Confirmation Statement
I confirm that all information required to be delivered by the company to the registrar in relation to the confirmation period concerned either has been delivered or is being delivered at the same time as the confirmation statement
Electronically filed document for Company Number: 10474687

Authorisation
Authenticated
This form was authorised by one of the following:
Director, Secretary, Person Authorised, Charity Commission Receiver and Manager, CIC Manager, Judicial Factor
End of Electronically filed document for Company Number: 10474687

Hi 3card. It doesn’t appear so. Here is a link to the latest Confirmation Report for Vardar, re the shareholders, taken from Companies House website. It does of course show Beowulf Mining as a shareholder:

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/kLjCdSL61GF0lRY29FG-NBhBcGz84y1OeXYFTdw3DPE/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3N7F6KIUJ%2F20220924%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220924T133608Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEBEaCWV1LXdlc3QtMiJIMEYCIQCofIH9WbeVYBTggQVh9atiof52IvSXLDgv5r3y%2B7GU%2FwIhAPBmizyvOWfOoVLD0FT00ZGzqWKeiXljypx8eh5q%2Fc6DKtYECLr%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEQBBoMNDQ5MjI5MDMyODIyIgz88Wk%2FbNH%2FPlPE3oQqqgRVMphaj0huEwKZHt3iHV7UGUxmeLvFHvb5%2F0WbL3Z4wQwuwSnI20sUSJBXSUjNKe0C%2B6ZuypYTUP7FPtblOU594SOoB28ghl7zChTvFSES%2FDLjO%2Fu2L1q8bi71rzbC%2FOVUdjYIqyJeZ1WeP9vE0F82NDKefWgrU0erCDysg2%2BjTCuTAINiiysqkW1KnxRxQhcrqxfUGBzDzyxvbz9RIIE6iOgaTzotTitxHr8DDrITqRifuoUhw2vZ%2F9ktv75crJB8%2BPRnnGOF0pv1vN1%2Bmwh%2F01hKqmmR2tuunkihkNTUHOFJ0x4g65ZPZXlpWMPZuVRNjlQgKWvruwz2dctiPoSiv60AakfDso7KsOzBpgjlaf8oSj5w4UsxPN%2FoCWORqKODf9Wm5pFibzZ1BwQLPKYV47mq4%2FOhRQKN70Bepr6NzS2fvFhraVF8QtO3xZIRktNMOT54iXusrweC9csm6eW5Fn13%2F4mtJ5rpMtqrXfgs6YX8Qs3WKVT%2FKrubPA%2FoonIM69uLawOdFhfmxXKSKVS72Hr0Akb%2B8U0rpvScd8%2FqJHNeoyMNAyEL%2FH1LhSX1eA%2B3K9WL53JN78PYbF%2Fn2GcW9ZjUdvQOg3oSPeqWyC6xzJ1TwIJzl0bSAFkkwDKx6Ezc8RrN9444MEzLLWF%2F23wef481JggjlrQ2lk7SaHETc9fzesDBd5t0ra9uHwtI%2BiIdq9W9wDsVoyz0XJH%2BskNmWXcn1rKkC9M3sTDriLuZBjqoAUiJEDc2acvJbuIwBMZ3cYC1SvA%2BGDSQfuegvWsI89sxYlRCjPGaLYvlfDqM45QmiQwc1PF0t%2FxYSYpxcu6G5kx6ujgyicy9G4nW%2BF1AVQAAmGEXsEuhuKWx%2Fi2rYqOPRMCf4YXEmjWxq9R80AI%2BcrU8x5mlT1b396jhhMgIZFN2wUuhvIhe9zBRI0eZtO4xupb6kxFBkdq1c0m1zsUXT9zY1c3trUIaMw%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%2210474687_cs01_2022-08-30.pdf%22&X-Amz-Signature=59fb22230d945337edce1e1cf482070425daca35ee9a24bfcffade2ad8b86da4

There is a quite a bit of chaos Sooz, yes, but it isn’t really affecting us, at least not markedly, perhaps because we aren’t yet producing anything. So Kurt can concentrate on delivering more informative news, without the worries associated with being a producer, during times of uncertainty. He needs to find a way of convincing the market that BEM is in an excellent position going forward. He can achieve that, or at least contribute to this view, by ensuring there is no uncertainty created when shareholders and the market do receive the RNS news. You know, by adopting a policy of greater transparency and by relaying less sketchy, general news, but instead more detailed news without any holes.

If you end up in Pocko’s naughty box then so be it. Lol. You each have your own opinion and it’s good to see that both are being expressed.

Evie eve. x

Sooz, it’s unfortunate that you and Pocko fall out, but I’m not sure that Putin is responsible for our woes. If anything, with the green transition and Sweden sitting on some fantastic natural resources, it could be said that our sp should be up, because of what we can offer and given Sweden’s opportunity to become self-sufficient. We could supply Europe, at the very least, with top notch and plentiful product. I do know what you were getting at with your FTSE comparison, but I have to agree with Pocko, it has little bearing on our company. What does have bearing is how quickly the Sami appeal can be dealt with by the Environmental Court, for example. On a daily basis, BEM is otherwise largely ignored by the market, regardless of world events.

Only my take on things though, but it’s Kurt’s job to improve our market value where he can, obviously starting with the elements or effects over which he has control, and for those out of his control, he could still investigate and keep shareholders better informed. Build confidence in the picture, the outlook, because it seems as if some of us need it. I feel he could do much better in reflecting the promise he feels is shown in all projects.

We shareholders have been through the mill Sooz and our loyalty should not be taken for granted either. Particularly not if we are the subject of poor communication from the boss, and more so after securing something vitally essential, for which we’ve waited nine years.

That kind of relationship is surely unsustainable.

In my humbly bumbly. Lol.

Enjoy your weekend. x

Good points Pocko. Yes, the money thrown into the Vardar project has been very considerable, considering it isn’t a company regulated by stock market rules. We are now owning the major percentage of it though, albeit yes, it seems almost that we are also solely supporting it, when we have no income of our own. It’s a question of trusting Kurt really, but yes, to date it does appear to be money that we needn’t have spent, or should I say, that the money could have been raised and used on Kallak for the Scoping Study and PFS etc, or to drill KS.Earlier. Used to enhance the already proven to be mineable project.

We are where we are.

Looks like it was a nice buy that went through for £8000 earlier, a lot of money, so someone is obviously happy to give this a go at these levels. Best of luck to them.

Have a good weekend all.

Hi. Thanks for the reply. Yes, I feel the points you make are all very valid. In answer to my question though, other than a greater level of communicating the finer details from Kurt to his shareholders, what would you like to see occur?

Plan B for Finland, yes, that is a fair point, although the termination of the JV was apparently immediate, so has there been time to implement a plan B? Arguably there perhaps should always be one waiting in the wings and ready to go, and it does appear we were ill-prepared for the loss of JV surprise. What is difficult to ascertain though, is just how critically important that JV was. My personal view is that it wasn’t overly. Different matter had Epsilon pulled the plug further into the project I would say. But right at the beginning, no harm done. Both parties unscathed. Of course, we haven’t been informed of the actual reason so naturally it initially looks ominous, whereas it may not be.

The cash burn is concerning, also the potential accountability issues with Vardar, but I feel if Kosovo wasn’t worth bothering with after the first round of drilling then Kurt would have surely not been eager to continue with further exploration.

But we are focusing on the negative elements. What would you like to see, other than improved communication? Clearly with more details bestowed upon shareholders there would then be less perceived project drift, or at least we’d know what was occurring, or not, and having defined timescales for progress (for those elements within our control) would also likely be of help. I reckon.

Cheers Pocko.