RE: News anywhere?19 Dec 2023 11:00
Hi SJ. Yes, we definitely do not want news of a fundraise while the sp is languishing at these levels. The concern also for me, is just what any strategic partner would want in return, should one be secured. It’s fair to say that we have the Sami Appeal decision to be awaited, but Ed hasn’t yet been able to bring us any news from the other two projects that have lifted the sp out of the sub-2p zone. Disappointing, with around a 30% drop since Kurt departed. Based on a buy at 2.06p Offer fundraise price and that recent sell I had to do at just over 1.4p.
We still don’t know how good Ed will be for us, but he appears knowledgeable in the interviews, albeit not the greatist orator.
I’d be pleased with some really positive news to end the year with, because it’s been another miserable one so far with BEM. Our investment value slide since the concession award has been far too acute for shareholders to not now be concerned, in my opinion. Even though management tells us that we are well-positioned with each of the three businesses.
Only a few weeks though and we should hear more news surely from Kal, re the Government lodging its comments. Then it becomes serious. Lol.