Member Info for EricDraven

You do right Roller. Don’t expect too much and then anything good is a massive bonus. Palm Beach sounds great. Good that you can get back there and enjoy it.

Best wishes.

It’ll be interesting to see if the extended date of 27 February remains in place. I would trust that at some point the Court will put its foot down.

Hi. This is the latest post from our LinkedIn page, posted by BEM around 3 hours ago:

China dominates global #graphite production accounting for 93% of capacity for anode materials used in #EV batteries (source: Fastmarkets Metals and Mining). Grafintec Oy aims to provide a future supply of anode materials to the EU from its GAMP in the GigaVaasa area https://ow.ly/bkbZ50QHIiF

News from Vardar is overdue really. I don’t just mean earmarking more cash for them, I’d like to know what the project status is, so separate news wouldn’t go amiss. ‘The’ date will soon be upon us, so I’m trusting no further extension will be granted by the Court, otherwise it’ll be a bit too much to feel this isn’t completely one-sided.

Bye for now.

Afty.

I like that.

Yes Sooz, it seemed longer ago than January, but I struck lucky checking the last Kal update first.

The supernova is mind-blowing. Difficult to fathom in reality. Seems like something from a dream.

Sooz, yes, that info was in our Kallak project update on 22 January 2024. It’s right at the bottom of the RNS info. Here’s what it said:

“The Company understands that the Court will consider the Government's submission alongside that of the applicant and is expected to reach a decision during the first half of 2024. Further updates will be provided as appropriate.”

Thanks Honeybun. 🙂

Good hunting Troaj. 👍

Andy, thanks for the info. Only a couple of days extra then, not including this weekend. It’s good if that’s all it is, and because it’s only a very short extension, it is difficult to see the timescale being extended yet again.

Good that Troaj, cheers for sharing.

Hope you are right SJ. I haven’t tried traded yet, only sold a few because I needed to a few months ago, but trading is probably the only way now that I’ll ever my investment back. I’m not thinking of profit, only to break even.

But a pleasant surprise wouldn’t go amiss.

Good luck to us all.

Taken us too long SJ, because for years we were obviously stunned from the sheer disbelief of what was actually occurring. Lol.

I wish I could have started years ago. Lol.

I’m interested to see who we do get though. As usual, probably never heard of them, lol, but that’s all part of the intentional illusion of mystique, purposefully created in order to continually string us along. 🫠

First thing I’d do is fire the BoD members. All of them, having cunningly pretended to only be interested in the role for the purposes of massaging my own ego and for the prestige. Clever eh? Disguised as one of them, but really only totally focused on turning the company around for existing shareholders.

Fancy that..

Possibly Sooz. A nice ego trip for a wrongly appointed duffer who thrives only on the perceived prestige attached to the role. Lol.

See you next year then Oaktree, when we are closing in on production. Lol.

Spot on re the Options, particularly if you have not traded the ups and downs. Question is, how can we really attract a fantastic manager to run the Kal project, if we can’t even guarantee raising funds above our nominal value price? Why would anyone with superb credentials be associated with us? The assets are great, but…..

Only a thought. I wonder what guarantees have been given to secure this world-beater?! Hmm 🤔

Lb, fair enough the points you’ve made. I suppose that we shareholders, or some of us anyway, see Ed, Kurt and Clive before them as our representatives and who really should be acting in the interests of all shareholders. Being that it’s our company. But we also know that performances have been shocking, whether by design or otherwise, and so are left to lick our wounds over and over again, because so far the people representing us have failed to sufficiently raise and sustain the share price when it really matters. Clive being the most successful in a bull market, prior to the then almost complete sp collapse. It’s been a case of jobs for the boys and money for old rope. With the share split, anyone who takes up the offer wants their bumps feeling. Might as well buy as usual on the open market, once it remains tanked until the Court appeal is dispensed with. Banking on there being sensational hidden news is a mistake, in my opinion.

SJ, yes, agreed, we simply should not be placed in this position by the management team. Ed has had six months in his post, time to sort this, and financing at healthy levels should have also been a crucial consideration during the ‘strategic review’ before and since Ed joined us. Yet it seems to have been left to chance, when we need the money again.

As you say, only the chosen will benefit.

Disgusting really.

Pretty grim really this. The proposition by Ed to even mention a potential raise below our nominal value only proves how badly this is being managed. Steps should have been taken for months, to ensure we were not faced with this problem. I tend to agree with SJ, insofar as, now it’s already been announced, and the likely cost to existing holders is known, why would the sp climb back to 2p, for example, when we know what could be planned? Supposing we all vote against the share split at the EGM, what then?

All we seem to do is take our slaps and thoroughly dislike them. We can’t only point to the Court decision on Kallak. Progress elsewhere has been dire, and we aren’t looking at any objections lodged for our other two projects.

We obviously knew that a fundraise was expected, but the terms are leaving a very bad taste, possibly the most damaging fundraise ever for existing holders.

Our already precarious situation has been and is being managed shockingly by the BoD. No question. Why not specify to any interested backers or participants in this fundraise, the money men, that retaining BEM’s nominal value status is essential in any negotiations?

World Class asset, yet why over a barrel?

This bright future is a bitter pill for many.

Useless Mr Bowie. Useless.