You never know, we might keep Vardar, advance the other two with proven assets, and do it that way.
I won’t be watching that possible scenario unfold though. No way. Lol.
Morning all. A neutral RNS for me. 100% ownership good, how we are going to continue to pay for more exploration into Vardar, it having yet shown us anything of commercial value, bad.
Past caring.
Well, almost.
Olly, why are you suddenly hanging about here like a bad fart?
Evening Sooz. Yep, I see. Hope you enjoyed yourself at the party. Good on you. Court decision, well, it seems a positive outcome in favour of the Government is the only thing that will improve things for us at present. Ed surely also needs to find a way of cutting costs while we wait, in my view.
At least we appear to be funded for maybe another 12 months, if we only spend as absolutely necessary.
Evie. x
Lb, I feel your statement about being ‘fooled’ into parting with our money again is incorrect. I’m sure we are all aware of the risk involved. We know how serious this situation is and Bowie hasn’t buttered us up, that’s for sure.
Quite the opposite.
Lb, lol, Billy Smart. Yes, we do seem to have had a few organ grinder’s monkeys working for us. Maybe still have.
Not great is it Pocko? Admin costs are ridiculously high, so they need to shrink, and, maybe, as you mention, mothball Vardar and then see also how Finland goes. The latter has been an excruciatingly slow project, in spite of the efforts of Rasmus. I do like him though. He’s probably as frustrated as we are with the money thrown into Vardar and not directed his way, in addition to the Government funding for Bat Circle.
We should be hearing from the Court soon. Two years is plenty long enough.
Pocko, evening. Well spotted. It’s a change from the definite to the indefinite, before and then after the fundraise. We need a positive outcome on the Sami Court Appeal or we could be totally knackered. I’m not sure why any money, all things considered, would still be handed to Vardar for further exploration, considering it’s an unnecessary spend.
Anyway, we are still afloat and the plans may be similar if not the same, albeit, “completion”, we now don’t know if this is still meant.
It’s bothersome.
Sooz, I take your point, but was referring really to ensuring that we have 100% ownership, by settling with the necessary shareholders to bump up the percentage.
We only know that we are afloat still and that’s what matters. The budget is stricter than hoped for, but maybe that’s also a good thing. I’m hoping we can ditch Vardar, if we’ve sorted out the admin issues and gained the 100% ownership. Not sure whether we have yet.
Morning Suzy. Best of luck to us.
Yes, because of the underwriting we are ok. Still have the Sami Appeal hanging over us while trying to raise this money. This has been mentioned previously, but couldn’t we have held off with the raise until after that? No, because we still don’t have a firm date for when that verdict will come, only a loose timescale, after waiting for more than two years now since the concession was granted.
It’s all a bit unsavoury really.
Cash raise could have been worse. Sort of medium.
IMO
Hi Wots. Yep, I did buy a few under the Offer in the end, on the last night before it expired. What I could afford, but I wanted the cash to go to BEM. We need it.
Good luck to you, and to us all.
Jonny, yes, true. Lol.
You never know, for once in recent memory, we may have a good year. A pleasant shock to our system as shareholders.
I didn’t have as many shares then and have always said that I’d hang around to see if the mine was either developed or sold. So I have done Olly.
Hi Jonny. Fair comments those. Yes, some of us felt Kurt was caught out when the concession decision came. There didn’t appear to be any immediate plan in place to act on the good news and springboard the other two projects at the same time. Of course, he may have expected an immediate Sami Appeal, which is exactly what occurred, so this would have hampered progress at Kal anyway. Well, it has done, and two years later the sp is utterly dreadful.
Wise to perhaps hold off then, to see if big Ted can find a way to monetise the Company before long. Including a sale of one or more of the assets, bringing in cash to BEM from the sale of Vardar perhaps.
But we just don’t know yet. Court decision still looming large of course.
Have to see eh? 🤔
Olly , no matey. The thing is to quit when you are up!
I can see that Lb, but of course I am already heavily invested, with a much higher average. If I left things as they were, then it’s unlikely at all that I’ll ever even get my money back. Whereas, even though I’ve spent a little bit more, the share holding has volumised significantly enough, in my opinion, to at least give me a fighting chance.
I do appreciate your view, insofar as you are soneone who isn’t invested, and I’d be looking at this along the same lines were I no longer involved in the share. But I am.
Best wishes.
Lb, yes, I despair too, but with the chance of a positive Court decision changing the current landscape. It’s what I can currently afford, not a lot of money, but it’s a lot more shares. That’s how I’m viewing it.
Thanks Roller, same to you.