Member Info for EricDraven

Lb, we will probably bounce back up as soon as people realise the weight behind having a concession permit, the Company not worried about the conditions attached to the granting of it. We just need better constructed news. Reasons, fine details and dates. For each business area. We don't need random now, especially with Kal. There should be a tailored plan for that, now we have the concession. For example, we should know when BEM is to apply for the environmental permit/approval. What is specifically required for us to do before we apply for it? The more info for shareholders and potential investors the better. Slow and steady sp momentum building with well detailed, frequent news, hopefully moving away from the reactive news that we've had to receive due to our Company's poor treatment from Government and media while we endured the wait for the concession. I am struggling on with it, see where we are when my birthday comes in just over six months from now. 3 Oct. That's my next review date for this. Might have mates' rates by then and you could be invested again too. All positive like. Or not. Lol.

Maddog, yes, Bannor's buying activity triggered an avalanche of destruction to the sp. Perhaps he was planted by the Swedish Government so they could get Kallak back for fook all. He has links with Spectre. Lol. Alleged links, obviously.

Correction, he mentioned the concession being a "potential re-rating event". This wording is displayed on his presentation board at around 18 minutes 45 seconds of the presentation at Stora Aktiedagen 2020 on Tuesday 10 November 2020. You can see the video via the link in the RNS of 11 November 2020. The point is, Kurt must have felt we'd see a re-rate, otherwise he surely wouldn't have mentioned it potentially even being the case. In hindsight, considering where the sp is, erm, well. Lol.

Yes, CSP did say that and Kurt has mentioned the concession approval would be a rerating event, but he didn't mention how long after gaining the concession a rerate would take. Lol. He mentioned the rerating in one of his televised presentations, and hence why I'd like to also see this 'unexplained' severe sp fall addressed. Cheers Andy. Let's stick with it.

Andy, yes, it has been planned prior, so I don't know why Kurt hasn't mentioned sooner than before year end. That's what I'm pondering. We have had the Danish economical study of Kal prospects, but I'm very surprised we have no immediate plan in place for unlocking value. We aren't privy to what happens behind closed doors, all we see at the moment is a shrinking share price after news that should only have driven the sp in an upwards direction. We now have a return to that low we saw before the concession. Why? Kurt has only touched upon this problem as a side comment in the last RNS, but I feel it needs investigating more closely by the Company. Losing over 65% of our value in little over a trading week on a positive concession result we've waited almost nine years for is scandalous, and Kurt has not even put out a separate qualifying RNS to even tell the market he knows of no reason for the mass selling, because everything is ok, no problems, kind of thing. I hope he regains his focus on better managing shareholder concerns and expectations via news, starting now! Meanwhile Andy, I'm back to pondering about the bloody scoping study. Simply put, recent news doesn't contain fine details. Details are what will help anyone looking to buy or even sell. What is the reason why the scoping study is before year end and not say before June and because of this or that? Fine details, helpful information should be standard practice, so let's have more explanations as to why in these RNS releases. Starting from now! Ffs.

I was thinking about the scoping study before year end. Could be many months to wait, or not. Kurt may just have mentioned tha leeway in timescale to give himself breathing space in which to source a JV partner or sale of Kal. In which case, our own scoping study may not then be necessary. No point in burning more of our funds immediately on Kal now gaining the concession has opened up the JV/sale options. Sorry for my earlier typo here. I meant "that leeway". Not sure otherwise why he wouldn't have immediately organised a scoping study. Only pondering SJ.

When SJ? Lol.

Yes, you still have a great holding here and you've done a very good deed too. Sounds like a decent week you are having. That donation is so kind and thoughtful Al. All the best.

Alan that is fantastic. Such a great gesture. They'll be happy with that matey. Best wishes.

Yes Sooz, and the facts are important. No guessing required then. Enjoy your time out from posting now then, you know, until you feel the need, or fancy it again. Ttfn. x

Yes Sooz, most know that you only sold your Option shares, you said as much. Tak also thought I may have sold. Not sure why. Onwards!

Roller, yes. If Kurt also hopes that things are happening in the background then we are in real trouble. Howl!

Alan, fair enough. I don't see an environmental permit taking years, but you now have the luxury of being able to enjoy that extra cash and perhaps feel more comfortable watching this hurtle and plummet. Lol. Best wishes.

Roller, no, not sold any. Because it seems that I'm stupid. I won't sell yet anyway, as I'm almost 50% down again on paper. After us securing the concession, I'm not selling at a loss. I could do, but want to see what happens. I've always said that I didn't invest just to see us get a concession licence, and that remains the case. Next few pieces of news will hopefully buck us up a bit. Cheers Roller.

Tak, no, I have continued to hold all of my shares here. I am not too pleased though with what is still occurring each day with the sp, but I'm waiting to see a more detailed plan for Kallak.

Some of us remember it.

Yep, I feel he should really have done a separate RNS re the Kallak concession and the unexplained sp movement, that he knows of no reason for the severe drop, instead of mentioning it as an aside in today's news about Kosovo. He hasn't gauged well enough just how much we've been concerned about it, and the vital importance of shareholders then having reassuring news after what has occurred, news solely specific to the concern.

On we go. Switching off for the day. Massive amount splashed on the drilling, fair enough. Fingers crossed.

Bank, do what you feel is right for you. You could monitor this later today to see how you feel. You never know, the sp recovered slightly at close, we may have a blue day. You know, while the vultures are circling before the bidding war. Lol.

Tak, thanks for your post. I agree with you on some points. I am not certain as to why the stock held in Sweden has increased each time Kurt has updated us on percentage held, for years, only for those holdings to seemingly now be relinquished immediately upon receipt of the concession decision. Over the waiting period and with over 75% ownership on Spotlight, most have surely not been in for a quick buck. So why not continue to hold now we've overcome an almost nine year hurdle? Surely fast money could have been made trading bank shares daily instead? I take your point re finance required following the concession, but surely investors knew that anyway. Some may have been spooked by the supposedly unique conditions attached to the concession, but BEM isn't concerned by said conditions, so any panic selling because of perceived problems was apparently an overreaction. Tak, we need a JV partner as soon as possible, is my feeling, to make up for lost time and for the expertise. I'm trusting Kurt will have someone in mind, while hopefully looking after his existing shareholders, who have certainly suffered in our support of the Company over the years. The next update will hopefully be more definitive than this last one. Cheers Tak. Best wishes.

Bannor, any idea why gaining the concession has been worse than when we were still waiting for it? This considering also that our legal team has not deemed it necessary to reject any attached conditions, all seeming satisfactory, no shafting.