Member Info for EricDraven

The 3 for 8 Offer cannot be restricted. Shareholders who held on 16 November qualify for that. We can all take up the full Offer, the whole of our entitlement, if we wish to do so. As for the excess shares, I'm not certain whether they will only be available if qualifying shareholders do not take up their full entitlement, therefore not claiming those shares and thus releasing them for other shareholders to apply for, or, supposing everyone takes up his or her full entitlement (doubtful though), then I don't know if Kurt will have a pot of extra shares already waiting to distribute pro-rata, should each qualifying holder take up his or her full entitlement amount, enabling applicaton for any excess.

I hope we don't raise too much more at 3.16p. Lol.

I haven't satisfactory answered your entire question, but it got me thinking, so thanks for that 3card.

That's how I read it Andy. Seems about right. At least it was oversubscribed, a good sign. We needed that.

AIM, difficult to imagine this ever reaching 70p again, due to the amount of shares we will shortly have in total issue. A nice thought of course, but is it realistic? Dunno. Kurt has managed to quadruple our shares in issue since he took over, so he needs to deliver the goods for us, and I hope it will be next year. My thoughts are that he's let Baylan and co off the hook this year, not really battered the door down enough. We remain without the concession licence, no decision, the Government having done nothing, in spite of supposedly prioritising our application, and after our February meeting re possible legal action, Kurt has not pushed enough since, he's allowed himself to be given the brush off. Now we are having one of the largest fundraises ever, if not the largest, at a terrible sp.

Another awesome year, lol, well, maybe in terms of the Kosovo project, but who knows much about it? We have a high tech hot heat map and Kurt getting excited, ouch, burny burny, but the grades of samples so far per amount sampled seem somewhat underwhelming, and not even a ripple in the market for our Kosovo news, or Finland for that matter, and we still have the mystery of Vardar, the unlisted unaccountable drain on our finances.

Still, it could be worse.

Howl.

I hope Ed is enjoying his time away from this.

Andy, won't all the new SDRs issued have the same rights? I'm not sure but it seems to mean that the 17 million or so difference you mention are just the SDRs that were not the SDRs of qualifying holders with subscription rights or entitlements for those SDRs. (The 17 million pared down from the 64 million or so mentioned).

I can't say well done to Kurt, as the to55er has raised all of this money at 3.16p. We know that the sp was well over 6p recently, for an entire month or thereabouts, so he isn't my favourite at the moment, giving this huge discount based on a lower sp, just because he had an acute attack of the Nordics at the time. Mass dilution at a very low sp in reality. He had to include us in the Offer, because the price struck was so appalling.

But you butter him up if you like. Lol. X

Sooz, the situation you are concerned about would mean absolutely everyone who qualified for the BEM Offer on AIM each taking up the entirety of their Offer and therefore leaving no extra shares available whatsoever for additional share requests. Hard to imagine everyone doing that really isn't it?

We already know TFE isn't taking up the Offer at all. Surely he's not the only one. Lol.

There surely will be additional shares floating about to be had.

Just saying. In my humble opinion of course.

AIMShrew, I'm not sure that's a good idea. Lol.

Good luck to us.

3card, I agree re the sp. For the sp to drop to the Offer price to buy, it'll surely have to plunge into the 2s to sell. Difficult to see that occurring, mainly because the Option take up cash will go straight to our Company.

Have to see.

All the best.

Thanks Tintin. I'm not amazed that the debate was delayed, it's an unfortunate par for the course.

Hi SJ. Yes, and we really could do with one right now.

Thanks Tintin.

I agree. I've already said it shouldn't have any bearing on when a concession decision comes.

We know the Swedish ministers love their excuses though.

Still in the transition period though until the end of the year.

That surely shouldn't make any difference, considering we operate via our Swedish subsidiary JIMAB and we are (as far as I know) still majority owned by stakeholders on the Swedish Spotlight (Aktietorget as was) market.

Any excuse I suppose though will do to delay the decision further.

I wonder what today will bring for us Al. Hopefully an uppy day. I wouldn't be surprised if this rallied a bit, primed for the next fleecing before the new shares hit the market. Lol.

I'll be watching for a couple of days to see how things go. Not pressed the Offer button yet.

Good luck to us all.

Lol. I meant rigout. Although I'd love to see a rig out drilling again.

Nighty. x

A sweet rig out that Sooz, you'll have all the old fossils drooling.

:-)

Yes Al, you can be the skeleton with the bobble hat on. Lol.

You can sit next to my skeleton on the coach. Just make sure I'm wearing my cable knit sweater to keep me old bones warm.