Member Info for EricDraven

Hi Geo. Best of luck with your purchase yesterday. Many of us on here bought years ago when the sp was much higher, so did have the bottle. The "forthcoming" term may have again been used by Baylan yesterday, I'm not sure, but he certainly mentioned that in his reply to Kurt's letter. The problem being, that using such a term in no way specifically defines a timescale, iwhich of course suits the Government only, and, I feel, after all the time taken over our case to date, is a totally unacceptable term to use now. If priority was supposedly given to our application in April, then "forthcoming" was applicable then, and a decision should already be here now. Months ago in fact. No, years ago. Lol.

Thinking about specific dates then, they have been dished out by the Government for receipt timescales in respect of all of our submissions, and for the submissions of those parties with an involvement in our case, so the same should have applied equally to the Government, while administering this process. We shouldn't have been left dangling without a stated timeline from the Government, for conclusion of these proceedings.

We have been totally let down by the Government throughout the application process, and, particularly so since it received all final comments on our case. The result of us waiting indefinitely of course, not least of all, being the damage to our market cap, with Kurt having to continually raise funds at a low sp, hence more signifcant dilution.

Before the year is out, I believe Kurt surely must address Baylan again, pointing towards the Government's responsibility for our woes, and to seek a date for conclusion of our case. Providing that is, we continue to hear nothing specific from Baylan or Gov in the meantime.

I'm sick of this saturation of politics preventing our progress and damaging our Company.

Only my thoughts Geo.

Best wishes.

Sorry about "his his".

I suppose it's cos I'm a bit vexed. Lol.

I'm doing ok thanks Lb. Well, I really don't feel Kurt should have accepted Baylan's response to his letter, and with the lack of any meeting offered by Baylan in spite of Kurt's request for one, the response by Baylan should have at least included something other than a "forthcomimg" decision. on Kallak. Even a loose date would have put Baylan in the window for not continuing to dodge his his responsibility in our particular case. Shareholders do need a timescale for conclusion of this matter, and we know that with priority supposedly given to our application last April, seven months since without a decision in no way reflects what Kurt was told. So yes, I'd be quite happy if Kurt publicly outs the acute lack of regard shown by the Government to private investors trying to make good in Sweden.

I feel Kurt has been far too accommodating to date, and Baylan and Damberg have held BEM in disregard because of it. They've not had to really face the music.

I want a date for our concession decision, which is not, nor never has been, too much to ask. As I have said of late, Kurt surely must bypass all politics now and build on his recent RNS re our application legally meriting the concession award.

Sweden, in our sector, is a bad joke, at the expense of many.

Hi Lb. By "On we go" I mean the shareholders continuing to stick with it for an outcome. If we can , or if we still have the will. It does not refer to progress made, for example, work on the ground, by the Company. Obviously it can't do. Lol.

Hope you are keeping well.

......some better decisions.

Thanks for the reply TFE. Yes, I agree with most of your points. Kurt has yet to deliver a successful outcome here though, on any project, so I'm not sure he would be snapped up elsewhere until he has achieved his first winner. Proven delivery, and if we look at it, he's been here for five years or so. People can draw their own conclusions. The wage he receives from us is significant, and for such a wage I feel he could and should have made better decisions. Over Kallak and Vardar. The latter, being that it is a private company and operating in a former volatile war zone, I'm not at all happy about. He has exposed shareholders to further risk by not investing in a listed company. The lack of transparency we can do without, in my view. We can't keep independent tabs on Vardar, no RNS from them, only snippets from Kurt. Notably, the sp has never reacted positively yet to the good news from Kosovo. It says much.

Yes, I think I'm depressed with it all. Our website not being up-to-date is pretty poor. As for Göran, he's been a waste of time. Unless of course he's done loads of great things that Kurt just hasn't told us about.

On we go.

Good luck to us.

Sorry, my mistake. Our Ågåsjiegge interest is in northeast Sweden.
Point being, focus is now seemingly only on Finland and Kosovo, Kallak aside.

I think the website could be updated though, to better reflect the current situation and if we have bothered to renew licences and so on.

In view of our Kallak woes, we have heard little now on our southern Sweden interests. I can't immediately find an RNS re shelving our project pursuits there, but I wonder if Kurt has renewed this licence, which expired this May gone:

https://beowulfmining.com/projects/sweden/atvidaberg/

Hi Sooz. Well, the answers are all there, within the submitted content of each company's application form. Lol.

It's simple. Has each submission satisfied the official criteria for a concession award? Yay or nay? The administrative side of this should take a few months only. Objections to any concession award or otherwise, to be dealt with in the same manner. Is the objection groundless or not? Always sticking only to whether the criteria for the award has been satisfied by the applicant.

Bypass all politics and focus on the task. That of processing these application forms within a specified timescale. To either issue or deny the licence. It is possible.

Only the Swedes can save Sweden. The politics must cease. There will be tears and even I would say sustained chest-beating from the perceived hard done to, but the decisions will be sound. It should only be a case of what about these flamin' application forms! We are in the equivalent situation currently of wading through butter mountains.

Enough is enough.

Sooz, it's easy. Just be prepared to bloody well upset someone if necessary, confident that you have made the correct decision, based on all evidence presented within the application form.

Howl.

I'd be amazed if he did. You never know though, but if not, that's why I want Kurt to take further steps before the year is out.

The objection to and indefinite obstruction of new business that would be beneficial to Sweden and its inhabitants is completely mental. Moreover, official application forms not being dealt with in a timely fashion, precisely and only because of political back-scratching, should be investigated by the Sweeney.

Paul, obviously that's if we hear nothing at all from Baylo and/or the Government re our application from now 'til Christmas.

Thanks for sharing Paul. The Greens surely cannot automatically oppose any form of industrial progress that will not impact directly on the environment. In fact, they should be in favour of sustainable, green operations. We have submitted our application according to Governmental rules and, subject to scrutiny not least from well-established, top law firms, it appears that we have definitely satisfied the criteria for attaining a concession. Therefore, we should now be focusing on the law, the Government not upholding its end in the application process. At this stage, in my opinion, if the Swedes won't do it, Kurt needs to bypass all politics, and, before the year is out, formally demand a date from the Government for a decision on our application. If one will not be supplied, he needs the official reason for that, which can then be examined by our legal team.

We can't wait to see what the make-up of each successive Government will be, just to find out if we are lucky enough to have a collective body that will bring our case for Kal to its fruition. That is wholly ridiculous and completely unacceptable.

In my opinion.

Cheers Paul.

Thanks for sharing those articles.

QS, so do I. Lol.

"Company"....and "for" not "Compant" and "fur".

Lol.

Esperanto lives!

Sorry for typos. I am without my glasses.

Just catching up on recent posts. I agree with your view of our Vardar involvement. Many questions that cannot be answered due to a lack of transparency. Were the Company listed on a stock exchange, for example; if AIM listed, then we'd be in receipt of official RNS news about more specifics to do with the goings on in Kosovo. Any good news, and we've had positive news from the projects there to date, would more than likely be reflected in our own sp here, considering our percentage holding in Vardar. Currently, because it is not on a stock exchange and not bound by certain rules of accountability, making it more open to our scrutiny, the promising news from those projects has never been reflected at all in our sp.

Moreover, supposing Vardar is a success, how will shareholders here benefit, unless there is a special dividend?

I'd much prefer the Compant to be listed, for such reasons. Transparency, accountability (considering our investment), and future profits. It's far too sketchy fur shareholders at present, and, as you rightly point out, why has the value of Vardar risen so markedly of late, with Kurt only now managing to achieve further tiny percentages in return for not insignificant amounts of our money. Money which could be saved for the scoping study at Kal and further drilling on KS.

It seems that he has thrown a large amount of money Vardar's way, and, yes, who else is funding them? Anyone?

I believe SJ74 made a good point the other day re the recent further investment we've made in Vardar to up the percentage. We then had an RNS raising further funds fur "working capital" and also to contribute to the Vardar programs for next year. Point being, if we are contributing yet more money, why aren't we gaining even more of a percentage in Vardar?

Kurt, in my opinion, needs to rein in the spending now, because we simply can't afford to be a cash cow for another exploration company, one that isn't bound by the rules by which we are governed. A dangerous disparity, in my view. Kurt is diluting our investment quite noticeably, without having yet brought us a result on Kal.

He's ok though, because he isn't the one continually losing out.

That's how I view it. We need the Kallak decision before year end, then a structured timescale from Kurt for each stage of every project in our portfolio. Then I may feel more comfortable.

Best wishes.

Oh yes, and wind your neck in.

Hi Aug. No. Nobody mentioned legal action. Please don't jump to that conclusion. Following up the Statement with perhaps a formal request for a likely decision timescale and/or reasons for the continued delay. More information on the dossier and what stage it is at etc. The Company deserves some new light on the current situation. An indefinite timescale is not acceptable.

Atb.