Member Info for EricDraven

Cash raise could have been worse. Sort of medium.

IMO

Hi Wots. Yep, I did buy a few under the Offer in the end, on the last night before it expired. What I could afford, but I wanted the cash to go to BEM. We need it.

Good luck to you, and to us all.

Jonny, yes, true. Lol.

You never know, for once in recent memory, we may have a good year. A pleasant shock to our system as shareholders.

I didn’t have as many shares then and have always said that I’d hang around to see if the mine was either developed or sold. So I have done Olly.

Hi Jonny. Fair comments those. Yes, some of us felt Kurt was caught out when the concession decision came. There didn’t appear to be any immediate plan in place to act on the good news and springboard the other two projects at the same time. Of course, he may have expected an immediate Sami Appeal, which is exactly what occurred, so this would have hampered progress at Kal anyway. Well, it has done, and two years later the sp is utterly dreadful.

Wise to perhaps hold off then, to see if big Ted can find a way to monetise the Company before long. Including a sale of one or more of the assets, bringing in cash to BEM from the sale of Vardar perhaps.

But we just don’t know yet. Court decision still looming large of course.

Have to see eh? 🤔

Olly , no matey. The thing is to quit when you are up!

I can see that Lb, but of course I am already heavily invested, with a much higher average. If I left things as they were, then it’s unlikely at all that I’ll ever even get my money back. Whereas, even though I’ve spent a little bit more, the share holding has volumised significantly enough, in my opinion, to at least give me a fighting chance.

I do appreciate your view, insofar as you are soneone who isn’t invested, and I’d be looking at this along the same lines were I no longer involved in the share. But I am.

Best wishes.

Lb, yes, I despair too, but with the chance of a positive Court decision changing the current landscape. It’s what I can currently afford, not a lot of money, but it’s a lot more shares. That’s how I’m viewing it.

Thanks Roller, same to you.

Hi Jonny. Maybe a sale, Vardar first perhaps. Otherwise I’m not sure why it was necessary for the BoD to seek 100% ownership of it. With 100% ownership of all projects though, then maybe a sale of the total package is a possibility, if not a probability.

With a positive Court verdict for the Government with the Sami Appeal, then we could move away from these lows. We have the new guy Dmytro to pay now too, so the Kallak project must be surely seen to be a goer, even before the verdict is given.

Dare I say it, we’d look pretty stupid otherwise. Lol.

Roller/Pocko. I mulled this over again and in consideration of Ed stumping up a fair wedge, with my average being so high, I have subscribed for some under the Offer. I took the decision yesterday before the Offer expired. What I could afford at the moment. Only because the Company will receive the money, and really, all shareholders need this to happen, for BEM to raise as much as it can. Otherwise we are definitely in troubled waters.

Best wishes both.

Night Suzy. Hope you are enjoying your break away. 👍

Hi Roller. Some on the Swedish Facebook Group are taking up the Offer, but it seems some are waiting also to see how the market plays it after the fundraise. The thing is, if you do buy via the Offer, you know that BEM will be getting the money. Whereas buying on the open market, that isn’t the case. The ponderous bit is whether the sp will dip below 0.61p to buy. I hope not, because that is terrible enough.

Best of luck with whatever you decide.

I agree Pocko. We aren’t cash healthy and should be focusing on Kallak and Grafintec, in that order. It would have been a fair RNS if we were in a better position than having to raise funds at 0.61 pi55ing p.

Thanks Troaj.

Today’s RNS may have been well received had we not been in the middle of a fundraise at the lowest price ever. It good be a decent prospect at Parki, funds permitting, but my feeling with the current state of things is that we’ve explored enough.

Evening Troaj. I’m wondering about the Offer now. Are you considering taking any at 0.61p? I’m trying to fathom whether only a handful of investors have confidence, all things considered. We have the Court decision surely within the next couple of months, and for some reason Ed has found it necessary to try and acquire the whole of Vardar, even though we already have a controlling interest. I find that a curious move, because on the face of it, well, it seems unnecessary unless we are going to flog it off. I’d be happy with that though.

Only my thoughts. The Finland project is slow, I want that speeding up. Lol.

Just pondering what the drivers will be short-term to get the sp out of these doldrums. I’m not sure what will occur, but hoping obviously for a large uptake of shares in this fundraise. If not in the UK, in Sweden.

Sooz, just mulling over why you suddenly came out with that last post of yours. It seemed out of the blue.

Evie. x

🤔

Thanks matey, same to you. I guess with BEM we just wait now and see how much cash the BoD raises.

Public Enemy, brill. I like ‘Fight the Power’, which is what we’ve been doing really for eleven years straight now.