Member Info for EricDraven

Yes 3card. Aye, Kurt seems over the moon. If we can nail the most promising targets with this technology, it sounds good to me.

Mornin'!

Nice little RNS update on Kosovo this morn Sooz.

We don't know whether the KU has agreed to the Government's suggestion of referring our case to UNESCO yet. Hoping it won't have to go to UNESCO, because it isn't really necessary.

In my opinion only.

I liked those gold spots as well, there were loads of them. I still disagree about his delivery though. He is familiar with the terms used, he has created the presentation after all, so he could just slow himself a little and ensure that he has minimal stumble. I appreciate he has about twenty minutes in which to tell people virtually everything, but he could learn to relax a bit and show more composure. A polished presentation would add further weight to the message he is trying to convey.

Clear and concise. It holds your interest. Let's invest.

Night night. Hey, the sp stood up quite well today, and we saw a few new faces. Lol. x

Hi Sooz. Just seen the presentation. It wasn't the best really. I reckon if he could just slow his delivery down a little then he wouldn't stumble over his words so often, and by doing himself this favour, the whole presentation would sound more polished, which then increases the chances of drawing in a greater number of investors.

Only my opinion though.

Lb, great post. We shall know shortly if the KU itself is just as ineffective as the Government it is investigating.

A slap on the wrist only for how our application has been dealt with would be wholly unsatisfactory.

Have to see. Hopefully UNESCO will not need to be involved, because we know that it isn't actually necessary.

He has to find a way.....

TFE, I think you have made some excellent points there. This fundraise is the last hurrah as far as I'm concerned, because if the Kallak licence proves elusive again next year, then another fundraise in 2022, especially of such magnitude, to fund all three projects, will be devastating. Budge needs to find a way of ensuring the Swedish Government brings us the concession decision and, moreover, that the market also recognises the Kosovo and Finland projects, when one considers how much cash is being earmarked for those ventures.

Kurt has been ambitious, and I like that, as long as it is measured against overly risking our position, and he does not also take shareholders for granted going forward. Time will tell if he's been correct in his implementation of the latest strategy. The 3.16p discount price is still a massive blow to us, in my opinion, but I'm making the most of it, with the limited funds that I have, with difficulty, made available. At least shareholders were also offered these new shares at such a discount. Hopefully a saving grace, providing we have the funds and the stomach for more risk.

Anyway, I appreciate your thoughts about what is occurring and naturally, I guess we both hope that with a three-pronged attack over three regions, that Kurt hasn't bitten off more than he can chew, particularly at our expense.

Kallak is obviously the most advanced project and simply must be delivered before long. He had to find a way to force the Government to perform its proper function, perhaps the KU will indirectly assist us, but it remains his job to see that justice for our Company is served.

Let's see.

Some of us are holding and buying. Imagine that concept!

The odds are extremely low on the sp hitting the Offer price, because all current holders won't be selling. If you haven't the money, maybe even neither the courage nor conviction to take up the Offer, then fair enough, but why should those who don't do so then seemingly pray for the same discount as those who do, via a weak sp?

An sp drop of such severity to the Offer price shouldn't and won't happen, in my view. The shareholders who take up the Offer, or part thereof, will be injecting funds directly into our Company. More shares will be in issue, yes, but the significant amount of money generated in return will really strengthen our coffers going into next year and beyond. If you like, we'll have been diluted from within this time, by existing shareholders injecting in more funds. It isn't a deal for new shareholders, or the wishy-washy, the shares will increase but the hardcore shareholder base remains largely the same. The backbone.

Tightly knit. That's why the sp won't hit the low.

In my humble.

Fair comment Al. If you fancy looking at the finalised Prospectus in the meantime, here's a link, taken directly from the BEM website:

https://beowulfmining.com/wp-content/uploads/2020/11/Beowulf-Mining-Prospectus-Nov2020.pdf

Al, it doesn't sound quite right that. If you apply for all of the shares to which you are entitled, you can apply for extra shares. If you won't be taking up all of your entitlement, then she's right, but if you are, she perhaps should have said that you can apply for extra shares, although it is not guaranteed that you will get them. You can definitely apply for extra shares providing that you've taken up all of your entitlement of shares.

This investment sure feels like it's been in the oven for a very long time. Still not baked enough yet though.

Good luck with your purchases, it doesn't seem you need any luck with your caking. Lol. x

Sooz, you are as bright as a button, but I must admit I didn't know what the 'Aggregate Limit' meant and in case you don't know either, it's in Part XVII the Glossary:

Aggregate Limit: "A restriction on any Shareholder acquiring any New Ordinary Shares pursuant to the Open Offer which would, when aggregated with any existing interests in shares held by such Shareholder, result in such Shareholder holding an interest in shares which (taken together with shares in which persons acting in concert with him are interested) carry 30 per cent. or more of the voting rights of the Company."

I don't think we have to worry about that then, lol, but just thought I'd share. X

I'm hungry for cake now.

Sooz, sounds like a gorgeous cake. I'm drooling. Well, more than usual. Lol.

This may help, if you are panicking at all about the division of any extra shares. It will all be distributed fairly, with any necessary scaling back done pro-rata.

Taken from the Prospectus, Part VIII, Section 4.1 (a):

"Under the Excess Application Facility, provided they have agreed to take up their Open Offer Entitlement in full, Qualifying Non-CREST Shareholders may apply for more than the amount of their Open Offer Entitlement should they wish to do so, subject always to the Aggregate Limit. If applications under the Excess Application Facility are received for more than the total number of Open Offer Shares available following take up of Open Offer Entitlements, such applications will be scaled back pro rata to the number of Excess Shares applied for by Qualifying Shareholders under the Excess Application Facility, subject always to the Aggregate Limit."

This may or may not have helped. Lol. x

And you are right, the Prospectus would have referred to a first come first served take up of the additional shares if that were the case, so we can look forward to a fair distribution once the Offer take up date has lapsed.

I'm likin' orderly and not breakneck speedy scrambly. x

Spot on Sooz. We've all got the same date by which to take up the Offer, so it can't be based on a first come first served method.

I do still think there should be plenty of shares not taken up, thinking along the lines, for example, of larger shareholders who have built up their holdings over time. Some surely can't afford to stump up a large amount of cash all at once to take up the entirety of what is offered to them. Nor may they want to take up the Offer anyway. Lol.

Only my thoughts, while I ponder whether you've made a carrot cake.

:-)

Early morny. X

Yes, he'll be fighting our corner, even indirectly. He is behaving responsibly and is up to task, trying to bring his constituents much needed prosperity. He knows that our proposed mining operation will be green, safe and sustainable, hence it was apt that he asked those recent questions of the Government in his two letters. If we'd have been intending to destroy the area, Linus would have left well alone and in fact objected to our presence.

In my opinion.

Afty aft. x

Here he is Sooz. Lol:

https://www.riksdagen.se/sv/ledamoter-partier/ledamot/linus-skold_d17ef55a-9e3b-4a4d-894e-d57c7fb4973f

Lol. Counting little fruits before you do proper squirmy type sums.

Yes, so you can take up all of your electronically held Offer shares that should be shown against BEM in your ISA, then apply for the Excess shares. No guarantee you'll get the additional shares, but it's difficult to imagine each and every shareholder taking up all of his or her Offer entitlement and leaving no excess shares out there in existence whatsoever. Lol.

Best of luck with it. When you apply online, if there's anything amiss I'm sure Barclays will quickly let you know.

Night morn. xx