Member Info for EricDraven

I didn’t expect this sp drop to be so severe Sooz, and wish I’d have had your wisdom over my Option shares. I should have derisked part of the investment. I feel your points re the appeal and a different constellation are spot on. If Ulla was also in the mould of Baylan, knowing how poorly Baylan treated BEM, Kurt would surely not have employed such a person.

But I am worried somewhat. We have long-term holders who feel Kurt is perhaps now failing us, and that’s a problem. You know me, I do try to be fair in my analysis, but I don’t know what the real plan is, I’m only trusting that Ulla’s appointment, instead of that of an experienced top mining CEO, is part of a good thing for us.

But the concern is that the sp is awful, we’ll need funds at some point and Kurt has not raised his levels of communication yet. On all projects.

Dunno Sooz. x

Aug, losing around 80% of our value since the supposed good news of receiving a concession is diabolical, you know I’ve been scathing of Kurt not making a proper mention of the slide, considering he did say we’d have a potential re-rate. Do you feel that he has stopped trying to maximise value then, because he is so fed up with this saga that he’s allowing BEM to be pushed about? Or is there an offer in place which is too good to refuse? We mustn’t forget that his duty is to represent the shareholders of BEM and search out the best situations for us, not to be directed by outside forces. Otherwise we may as well be like another Government Department.

It is quite clear that more shareholders are becoming disgruntled here, obvious re the sp, with no apparent immediate plan in place following the concession award. On the face of it. Are you feeling Kurt should step down? Where would that leave us.

We must trust that if a deal is in the offing and your points are correct, the figures will be decent, if not excellent.

If you are most concerned then I guess you could contact Kurt to discuss whether perhaps he’s taken the easy route, or the best route, the option for getting the project running sooner and without too many further hindrances. Still with shareholders’ best interests in mind.

Can anyone in Sweden bypass politics to get anything done, other than politicians? Ask yourself that. Lol.

I just don’t know anymore Aug. I remain optimistic that the sp won’t get much worse. The rest is currently unknown, the finer details. We’ll learn about these gradually, and we may not always like that they don’t match our own ideals for BEM, but it’s a matter of trusting in our boss.

Atb.

Alan, thanks. Have a decent weekend.

Yes, I did like the poem Sooz. You weren't alone in that. Lovely.

Thanks Hasty. I agree about the sp fall, but am trusting Kurt does have a plan, which now includes Ulla. The market hasn't reacted favourably yet because Kurt has given out limited information so far. No timescales either, but he has mentioned rapid progress for JIMAB. Just not how, other than calling upon certain expertise of Ulla. There are gaps re more specifics, but if we have substantive talks underway, then he will inform us when there is anything market sensitive to report. I agree re Kosovo and Finland, I feel we need more regular updates to retain and hopefully drive interest. On the face of it, it seems like a portfolio of great prospects, but the market needs more to go at.

Hasty, it wasn't a side of the mouth comment, my post was directly to you, and I still feel it is valid.

Ulla herself is on to a winner with this appointment, aye. But it wouldn’t have been an appointment by Kurt for any old sake. She isn’t just a figurehead, and as Aug mentioned, do we need a CEO at JIMAB right now? Kurt believes we do, so I’m going with that.

Cheers John.

Cheers John. Thanks for that. I guess going over the RNS info to remind myself exactly what Kurt said is helpful, especially with the current gloom of the sp.

He knows much more than I do. Lol.

Trying to remain positive John.

Sooz, thanks for your thoughtful post. Much appreciated.

Hasty, I’m sure Aug doesn’t need anyone directing him how to think. Suzy is also right, I have been critical of Kurt on many occasions, but I trust him to make the right changes, if changes are required, to take us forward. He has my support. If he doesn’t have your support then fair enough. Up to you.

Enjoy it Andy.

Hi Aug. So what are you actually saying then? The sp is poor, Kurt has brought Ulla in. Are you thinking we are over a barrel really, is that what you are suggesting?

Why would we be? The low sp is only an indicator of people not being prepared to hold and wait for the next stage following the concession award. Kurt is confident that Ulla is an excellent fit. I believe him, whatever is meant by “fit”. Her particular type of role must be required right now. He mentions rapid progress for JIMAB doesn’t he, with Ulla? That doesn’t necessarily mean on a mining front.

Atb.

That’s the thing isn’t it, we are all people just trying to exist. We have that in common. There should be no them and us, and it’s not for the want of trying.

Hooray! It should hopefully be much more handy now you are holding all of your shares electronically Sooz. Less of a headache for you. Well done on persevering with doing it. Another chore out of the way.

Does sound ok that Sooz. We can only do so much to try and engage with the Sami though, that’s the concern for me. They just don’t want us there in the area, which is fair enough. It will be a case of well it’s too bad, we are there, but you know what I’m getting at, the mindset won’t suddenly shift to welcoming us with open arms, no matter how hard Kurt, Sven and Ulla try.

So, I’m thinking LKAB will take over the project. Lol.

Pocko, surely Kurt is the only one who is best placed not to be guessing.

Yes Wots. These are Kurt’s comments from the RNS of 13 June re Ulla’s appointment:

Kurt Budge, CEO Beowulf Mining comments:

“With the award of the Concession for the Kallak project, Jokkmokk Iron is moving into the next phase and we see the strategic need for a CEO strongly connected with both the Swedish private and public sectors. Ulla's profile is an excellent fit. She brings extensive experience from trade and industry in Sweden and deep knowledge of environmental permitting. Ulla is a tremendous addition to the management team and will help Jokkmokk Iron make rapid progress. I am very excited to work with Ulla and for what we can achieve as a team."

Note he says “rapid progress”.

So maybe we should trust in him and in this appointment of Ulla. For what is planned.

Just saying.

Some of these posts are fun to read. I’m sure Kurt has thought about this appointment of Ulla, not just picked someone at random to fill such a position. Otherwise he may as well have chosen me.

The point being, she must be deemed the right person for this job, insofar as for what is required to be done in line with the particular plan Kurt has in mind.

Only my view.

Have a decent afternoon all.

Cheers for the link ADF.

Hi John, thanks. Good of you. I'm trusting that things are now falling into place for us. The Government has only granted something to us that we merited legally, but in terms of politically, it was a bold step by Thor, a necessary step, in the right direction. No backsies, if only to support the Government green policy. Lol.