Member Info for EricDraven

Sooz, buying on the open market might be better than being able to support BEM, for a change! The other point being, Big Ted May then swiftly kill us off with a consolidation, as 100 million shares in issue looks more favourable than 2 billion. Fewer questions going forward.

Until the next time. Lol.

Nope. Just checked again now, no offer yet in email folder.

Pmsl. Primary Bid offer at 0.61p is an 18.7% discount on yesterday’s mid-price. The RNS neglecting to state that the sp was crashed weeks beforehand from the 1.5-2p zone with prelim news of this fundraise. If the percentage discount were calculated from that first news of this fundraise, then the true percentage discount, even from 1.5p, is around the 60% mark.

Eye-wateringly foul.

And to quote Pocko, “let that sink in!”

Bowie covering the true picture of the 0.61p discount price, to soften the blow down to a mere excruciating.

Nice one Big Ted.

I see. Today then, a little bit of slippage is good, for your special occasion. 🙂

Most days you are ‘quite’ sober. 🤣

Many happy returns Sooz. Enjoy the rest of your day. x

TFE, ooOOooh, who rattled your cage? Lol.

Pmsl

I really don’t know how it will affect the sp if the Appeal is thrown out. We’ll have more shares in issue and a much lower starting point, so I not sure. It’s also about the trusting of the management team.

It’ll be interesting to see. And it’s been far too long coming, as you’ve mentioned.

Good point Sooz. Dmytro may have more backbone than anyone so far. It’s a real pity he’s joining us when the sp is at junk level. It’s a massive task to take on, more so because of this. Only my view, but the very best of luck to him.

Hi Suzy. See how you feel about it when your birthday comes. I don’t like this share split at all. It’s a major failing, in my opinion. I wish you well if you do take the plunge.

SJ, I’m looking at it in a way this time that I wouldn’t be giving BEM the money, I’d really be giving Ed Bowie the money, and judging by his performance to date, I would under no circumstances be willing to do that. I still can’t trust anything about him, confirmed by recent events, particularly him crashing the sp with that unnecessary first announcement re the acutely damaging fundraise to come.

My personal opinion only.

Not that I can afford it anyway, but it wouldn’t matter if I could.

…..such having been shown for us by Mr B

Fair points Pocko. Budgie did submit also a HIA, Heritage Impact Assessment, to bolster our concession application, so I do feel he did everything he could to achieve the positive decision, which we did receive. Unfortunately you and I both felt following the concession grant, and it is apparent more even now, that Kurt was not thoroughly prepared to kick on to the next stage, and with the appeal likely on Kallak, not enough work undertaken to quicken up the other two projects. I do feel Kurt tried, whereas Ed hasn’t actually done anything other than destroy any prospects that existing shareholders may have had. That is, if we don’t continue to support the company, at any cost. Which he should be fired for, in my view. 0.61p and he believes it’s another opportunity not to be missed. Never mind what he’s actually asking of us and had indeed asked and got it approved. Now he only becomes more of a danger as well as a liability. A salaried one.

It’s lost the initial promise and of course should no longer command our loyal support. We should take what we can now and treat it with equal contempt, such as been shown by Mr B. I bet he sleeps soundly at night, but I hope he doesn’t.

Engineered demise. In my humble.

Afternoon Suzy. I wrote a post in reply to your long one, but the page crashed, so I can’t do it again. Lol.

Also to consider, something that both SJ and Pocko have mentioned, in that, following this latest fundraiser, there will b so many shares in issue that a consolidation of some description is a real possibility. 20:1 for example, as SJ mentions. Following any consolidation, in my experience anyway, the sp has then fallen away yet again from the new opening price, usually over the coming days or weeks. So, in reality, the 0.61p fundraise could be grimmer, in real terms also, following a consolidation. This is what Pocko was touching on, insofar as, many consolidations could occur over time and Ed could effectively to continue to raise money in perpetuity. Ed has also not apologised to shareholders for the fundraise, only stating that market conditions are tough, nor has he ever really addressed his existing shareholders directly during the few interviews that we’ve seen.

Something to ponder Suzy. I know you’ve done ok at times trading this, but we’ve both supported BEM on the last two fundraises, only to see our holdings per average, become completely decimated. Even with our contributions to support the company by purchasing shares at the discount prices of 3.16p and then 2.06p. Now 0.61p? That’s a significantly bad sign, in my opinion.

If anything, maybe seeing how it goes, not supporting the company this time and buying on the open market would be better, all things considered. Or just stick with the shares we currently have, give BEM bugger all and don’t buy on the open market either.

We also know that Ed had indicated in the recent presentation, that the enviro permit stage could take two years, but we don’t know really, just how long the Swedes will take to mull over our application.

Only my thoughts Sooz, and being really cautious. x

I reckon at the moment it’s a dead duck, recently deceased, with the Swedish Court holding the only defibrillator.

Maddog, I’d much prefer it if he was straight outta Compton.

He seems too good SJ. I wonder how much we are paying him?

Hey, with Teddy B’s plans for our share consolidation, I suspect several times over, we could one day open at a £1 per share. Trouble is, we’ll only have a fiver’s worth each.

Howl.

Key words of Ed’s from that interview were “Erm”, “In due course” and “Absolutely”. The fundraise should easily be oversubscribed now. I wish Dmytro well, but come on, with 80%!of our ownership now on Spotlight, isn’t there a Swede that could have stepped into the role?

No, of course not, they know it’s a poisoned chalice!

Hats off to Dmytro then, for having to guts to deal with the Swedish permitting system and with the clowns on our BoD.

Roller, pmsl. Let’s get to that casino and go out with all guns blazing. Lol.

SJ, it looks like that at first glance regarding the re-rate, but it then says the market is due a re-rate, so not necessarily BEM but in general, due to its concerns over the reliance on the Chinese. So maybe a general re-rate for companies outside of China, in our sector.

Let’s face it though, a re-rate for us to a fu.kin’ penny would be awesome just now.