RE: SP19 Aug 2022 18:12
Bit risky, but just thought I’d share my own thoughts at the moment. Well obviously I’m down on my investment again at this sp, so hoping for better once more. I should have been smarter with the concession announcement and nipped off out for a while, or at least sold some shares, then bought back in. I’ve been holding this for 12 years now without doing any trading, I’ve never risked selling then buying back and really it’s only cost me dearly (on paper) with each share dilution. I must admit, I’m fed up to the back teeth now, but only have myself to blame for not trading and for showing complete loyalty to BEM. If this goes wrong I won’t have ever made anything from it along the journey. Something I’ve been thinking about.
So far we have a loose timescale for Kallak production, 3-4 years, which is good, but I feel it’s important that Kurt also has timescales in place for Finland, in particular, and for Kosovo, more difficult perhaps bearing in mind that one is a multiple metal project, but it should be done. With our partner Epsilon working on the Finland project, I believe there should be a mutual agreement in place now for moving the project along, a timescale for each stage, because still there isn’t enough information coming from there, in my opinion, to determine if it’s rapidly coming on track.
I don’t like to think of this investment as a very expensive investment that feels like someone else’s hobby, so I’d like to see targets and timescales. I don’t believe shareholders should be involved indefinitely just on the off chance we do receive a pay day at some juncture in time. We shouldn’t be left in this situation. It is far too vague and we are not well placed then to be able to manage the investment so it fits well around our own lives, unless we’ll never need the invested money out again, then of course we can just leave it running and forget about it. I don’t feel it is a question of investing only what we won’t miss or what we can afford to lose though, there should surely be a time element for a return. With this, there now is a loose one for Kallak, great, but 3-4 years is a long time to wait if we have no idea when the other two projects will bear fruit. That isn’t acceptable really, considering the support many of us have shown and still show for the Company and for Kurt. Considering also those two projects have been running for years themselves now.
If we had timescales for achieving certain stages in each project, we could then cost each stage and run this more like a tangible business. Raising what we need more specifically. It would then be more interesting as well, enticing also perhaps the potential investor or trader, instead of what we currently are seeing, lack of interest daily.
Only my thoughts, hoping to be more inspired with the next RNS if it happens to be the RNS for the Kosovo results. Whenever I see drill results I know that something real is at least happening.
Best wishes all.