Member Info for EricDraven

No Spring drill because we haven’t given them any more cash since the handy £250k back in January.

It says they are viewing “ongoing activities” at Vardar. Perhaps they can ask why there hasn’t been a Spring drill. That we know of!

Röstin, Big Ted and Chris D have visited Vardar. Taken from the BEM LinkedIn page, they posted it eight hours or so ago:

https://www.linkedin.com/company/9131878

Good points. We know we haven’t had the Spring drill at Vardar, and have no commercial grade assets proven there, so what is the point to holding it? We can’t afford to keep spooning money into it as things stand. There was mention from Kurt of spinning it out, but no news or progress on the ground since. The lack of the drill makes it more than likely that will be the one for the chop. Maybe even Kallak. No explanation as to why we didn’t complete the PFS on KN, unless they’ve put it on hold pending the Sami appeal outcome.

No real news to go at on two projects, I feel the most helpful news recently was from Rasmus.

We’ve had no updates on it, only from ADF, from memory. Not too long to wait now then Pocko. It’ll be nearly a year and a half then since we received the concession.

At a guess as to who is pulling the strings, maybe Chris Davies. He’s been involved with BEM a long time, we never hear from him, he has minimal shares and has worked with Ed Bowie earlier in Ed’s career.

Maybe Chris is the equivalent of Blofeld. Lol.

The odd thing is that we are being told nothing, and Ed has yet to make any progress comment to shareholders. Nothing yet apart from updating us on Ulla’s departure.

Yes SJ. He looks good.

Pocko, maybe that’s the case, along with the new NED. Either that or employed them with a specific task in mind, that we have yet to learn about. Ed mentions developing the assets, but that doesn’t necessarily mean keeping them, or doing it all on our own. The six month review time is a puzzle.

She failed to start the PFS on schedule, for sure, no news of it since either, but we don’t know why BEM changed the target date (and we haven’t had a revised date via RNS) for the environmental submission. There were obviously differences of opinion and Ulla has gone, but yes, it’s another poor outcome in terms of progress so far this year for shareholders. The new CEO will hopefully be sorting through things and making changes. Starting with her.

I’m pleased if it means we have a chance of better.

Lb, we don’t have the exact reasons for her leaving, but we do know that she did not adhere to Kurt’s plans re the PFS to commence in Q2. One point though, is that Ulla mentioned on the Jokkmokk Iron website, that it was BEM’s decision not to now try and submit the environmental application for the end of the year. She made it clear that the decision wasn’t made by Jokkmokk Iron.

But again, we don’t know why the target has changed, or the need for a six month review.

Prof, SJ, nighty night.

I’ve no idea what that means, other than so suppose because it is a listed company she can’t divulge anything that hasn’t yet been announced to shareholders. But that’s a guess. Another guess is she doesn’t like abiding by the rules of a listed company, as it hampers her creative process. Lol.

I haven’t a Scooby what is going on, or why a six month review is needed for a non-operational business with a handful of employees. Bizarre.

It would be great to turn back the clock so we could sell at 57p!

I can’t watch that video. It’s too depressing, considering where we are now and how optimistic we all were then, with a low number of shares in issue.

Exactly right. She wasn’t vocal when she should have been, for most of her tenure, and now vocal when she would have perhaps been better saying nothing at all.

Lol. Yeah, great translation from Google. Maybe the local library also has a post office counter. 😂

Pocko, yes, that’s fair. She didn’t tell us much via RNS, but was busy in the Swedish media.

Cheers Roller. It had some interesting comments in it eh? As SJ mentions, the plot thickens. As we know from her LinkedIn comments, it seems as if Ulla has been told off, or has had her nose put out of joint because of perhaps a difference of opinion over how things should be run. Her creativity threatened.

Anyway, Sami news next maybe. Lol.

It’s too much fun.

So she can’t say why, but that it was her decision. Of note, Röstin says work is continuing as planned. Well it’s true that perhaps, because he did not say the words “as originally planned”, so he must mean as is now planned, because we already know there has been no PFS commencing in Q2 and now the original plan to try and achieve lodgement of our environmental application by year end has been revised, without a new target date for when that is likely to now be lodged.

Interesting article though. Thanks for sharing ADF.