Member Info for EricDraven

Yay, not so fast Roller, the market makers have taken it back up to 0.9p with their piddling about trades. Lol.

Lovely innum! x

Hi. Yes, we’ve been purposefully taken down the pan here, in my opinion. Various clues. The first being actually announcing the idea of this fundraise, before the announcement of the fundraise. Lol. Just one little nugget that was wholly unnecessary and which crashed the sp prior to the fundraise. Surely even the thickest circus chimp, while scratching its own backside, would have known not to do something so ridiculous and damaging.

Anyway, TFE has a point, our support and loyalty have counted for nothing, but what he hasn’t mentioned is that the RNS releases have always reported positive progress and given us belief, yet the fundraise RNS releases sadly indicating the total opposite. I don’t believe that Kurt was underhand, that he tried his best, but was a victim of circumstance and not a natural negotiator, but Ed has never engaged with shareholders from day one and is willing to break through our nominal value threshold in order to keep the lights on. He’s had plenty of time to strike a deal above a penny, to ensure that AIM rules were adhered to without the need to split the shares. The A shares have no voting rights attached to them and are in fact the equivalent of toilet paper. Which is wholly convenient because shareholders are likely to need more of it!

Keep your spots but let Pocko back into your life. He knows what he’s talking about and was right about this demise. I had more faith than that, but look where we are. It’s such a kick in the guts.

But hey, let’s see what Dmytro can do. He’s got a lot on. 😂

Exactly Troaj. Lol.

Suzy, get your glad rags and war paint on, it’s time to hit the whisky trail. Resuscitation optional.

“Hey Dmytro, welcome aboard lad, could you lend us a tenner?”

This appointment seems excellent, on the face of it, but I’m trusting he’ll be wary of what he’s coming into, given the funding shambles. At least he isn’t a politician. Good.

However, with my average I now don’t expect any return on my investment whatsoever but will just see what unfolds. Court decision positive then hit the ground running, rather than floundering. With Vardar to be 100% owned I’m trusting that we’ll try and flog it, simply because we can’t afford to explore its vast areas of supposed potential. But we can’t afford to keep it running now, yet we haven’t mothballed it or written it off. Same with the Finland project (although this has at least had Fin Gov grant funding).

Hmm. A 0.61p fundraise. Fuk a duck.

SJ, I can’t help but feel what has occurred here for shareholders is one step above criminality. As Lb has said, the new project leader has excellent credentials but will swiftly learn he is dealing with a complete load of tos.sers. Rasmus aside, who I believe is striving to achieve rather than plotting to deceive.

In my opinion only.

Of course I wish him the very best of luck.

So just following the approval of decimating our holdings in real terms, the new Kallak project leader is announced. The very next day. Classic.

It would be good to hear from Aug actually, to see what his thoughts are now.

….of one or more of them….ffs….sorry

….of the last fundraise…not land..

Unfortunately Pocko, that’s true. We should perhaps not only look at the poor uptake of the land fundraise at 2.06p, but the previous one at 3.16p, where demand was much stronger and the sp held above the discount price. People last time were obviously more wary, given the company’s inertia since the 3.16p raise, so this current offering, considering that we haven’t progressed well in the meantime, and the fact that the Primary Bid platform was a shambolic way to raise the cash, it’s hard to see why anyone would show their support, even at 0.61p and precisely because it’s that bad it is 0.61p, a massive discount to the last fundraise, with nothing concrete yet established to generate revenue via any of the projects, including the sale thereof of one of more of them.

If shareholders wish to add more shares, then surely buying on the open market is much less of a hassle and less frustrating.

Morning Pocko. Difficult to disagree with that. As you mentioned, if they weren’t salaried but paid in shares only, would the sp be so dire? Nah!

Well said SJ. That is indeed how it is, on the face of it. I do believe Kurt tried and was bothered but maybe was surprisingly ousted, for whatever reason we still don’t know. Bizarrely, it has taken many months to find a supposedly suitable candidate to head Jokkmokk Iron, even though their identity is yet to be revealed, but Ed was in situ as quick as a flash really, following Kurt’s shock departure. It’s made me wonder anyway.

But wondering is a waste of time. The reality is that the sp speaks for itself and how things have been ‘allowed’ to go, perhaps Sweden aside.

Morning all.

Given the terms of this fundraise, yes, it is difficult to find any positives for existing shareholders. Sure, the money will keep us going for a little bit longer, but to back the company time and time again with these raises, only to see the sp corrode each time (barring spikes), without any production on the horizon still, it’s time to say ‘no’. Supporting BEM, unless we’ve only traded, it hasn’t and certainly isn’t paying off.

We are keeping Vardar going while crucifying ourselves financially to do so, and it has yet to discover anything that can be commercially exploited. In Finland, all we seem to do is renew a licence for a preferred plot of land in the Giga area. Progress has been alarmingly bad, in the jurisdictions that haven’t got a Court ruling pending.

So at this point, I’m not certain how this can be turned around. Only for the chosen few perhaps. I’m not sure if it was Oaktree that mentioned this, but if we are confident of a positive outcome with the Government case v Sami, why not hold off and raise the majority of funds following that verdict?

It all beggars belief and smells a bit rotten, in my opinion.

And then there’s Christopher Davies, still in the background, who has been an ever-present throughout this entire debacle and who worked with Ed many years ago. Next thing we know, Ed is our new boss. An incompetent one, as is now evident.

Yes, well. I don’t have the answers, only more questions. It’s now tedious.

You said that already. Buy at 0.5p and sell at 1p. At least you must be convinced that it’ll pop up to a penny. That’s positive. Lol.

Yes, seems like it. The shambles continues, and that includes the Swedish system or lack thereof. I can’t imagine anyone wanting to attempt to set up a business in this country. Unless they’ve found out a way to attain their own immortality. The wait, oh the wait!

Knowing our luck we’ll get Dopey.