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SJ, I’m looking at it in a way this time that I wouldn’t be giving BEM the money, I’d really be giving Ed Bowie the money, and judging by his performance to date, I would under no circumstances be willing to do that. I still can’t trust anything about him, confirmed by recent events, particularly him crashing the sp with that unnecessary first announcement re the acutely damaging fundraise to come.
My personal opinion only.
Not that I can afford it anyway, but it wouldn’t matter if I could.
…..such having been shown for us by Mr B
Fair points Pocko. Budgie did submit also a HIA, Heritage Impact Assessment, to bolster our concession application, so I do feel he did everything he could to achieve the positive decision, which we did receive. Unfortunately you and I both felt following the concession grant, and it is apparent more even now, that Kurt was not thoroughly prepared to kick on to the next stage, and with the appeal likely on Kallak, not enough work undertaken to quicken up the other two projects. I do feel Kurt tried, whereas Ed hasn’t actually done anything other than destroy any prospects that existing shareholders may have had. That is, if we don’t continue to support the company, at any cost. Which he should be fired for, in my view. 0.61p and he believes it’s another opportunity not to be missed. Never mind what he’s actually asking of us and had indeed asked and got it approved. Now he only becomes more of a danger as well as a liability. A salaried one.
It’s lost the initial promise and of course should no longer command our loyal support. We should take what we can now and treat it with equal contempt, such as been shown by Mr B. I bet he sleeps soundly at night, but I hope he doesn’t.
Engineered demise. In my humble.
Afternoon Suzy. I wrote a post in reply to your long one, but the page crashed, so I can’t do it again. Lol.
Also to consider, something that both SJ and Pocko have mentioned, in that, following this latest fundraiser, there will b so many shares in issue that a consolidation of some description is a real possibility. 20:1 for example, as SJ mentions. Following any consolidation, in my experience anyway, the sp has then fallen away yet again from the new opening price, usually over the coming days or weeks. So, in reality, the 0.61p fundraise could be grimmer, in real terms also, following a consolidation. This is what Pocko was touching on, insofar as, many consolidations could occur over time and Ed could effectively to continue to raise money in perpetuity. Ed has also not apologised to shareholders for the fundraise, only stating that market conditions are tough, nor has he ever really addressed his existing shareholders directly during the few interviews that we’ve seen.
Something to ponder Suzy. I know you’ve done ok at times trading this, but we’ve both supported BEM on the last two fundraises, only to see our holdings per average, become completely decimated. Even with our contributions to support the company by purchasing shares at the discount prices of 3.16p and then 2.06p. Now 0.61p? That’s a significantly bad sign, in my opinion.
If anything, maybe seeing how it goes, not supporting the company this time and buying on the open market would be better, all things considered. Or just stick with the shares we currently have, give BEM bugger all and don’t buy on the open market either.
We also know that Ed had indicated in the recent presentation, that the enviro permit stage could take two years, but we don’t know really, just how long the Swedes will take to mull over our application.
Only my thoughts Sooz, and being really cautious. x
I reckon at the moment it’s a dead duck, recently deceased, with the Swedish Court holding the only defibrillator.
Maddog, I’d much prefer it if he was straight outta Compton.
He seems too good SJ. I wonder how much we are paying him?
Hey, with Teddy B’s plans for our share consolidation, I suspect several times over, we could one day open at a £1 per share. Trouble is, we’ll only have a fiver’s worth each.
Howl.
Key words of Ed’s from that interview were “Erm”, “In due course” and “Absolutely”. The fundraise should easily be oversubscribed now. I wish Dmytro well, but come on, with 80%!of our ownership now on Spotlight, isn’t there a Swede that could have stepped into the role?
No, of course not, they know it’s a poisoned chalice!
Hats off to Dmytro then, for having to guts to deal with the Swedish permitting system and with the clowns on our BoD.
Roller, pmsl. Let’s get to that casino and go out with all guns blazing. Lol.
SJ, it looks like that at first glance regarding the re-rate, but it then says the market is due a re-rate, so not necessarily BEM but in general, due to its concerns over the reliance on the Chinese. So maybe a general re-rate for companies outside of China, in our sector.
Let’s face it though, a re-rate for us to a fu.kin’ penny would be awesome just now.
Yay, not so fast Roller, the market makers have taken it back up to 0.9p with their piddling about trades. Lol.
Lovely innum! x
Hi. Yes, we’ve been purposefully taken down the pan here, in my opinion. Various clues. The first being actually announcing the idea of this fundraise, before the announcement of the fundraise. Lol. Just one little nugget that was wholly unnecessary and which crashed the sp prior to the fundraise. Surely even the thickest circus chimp, while scratching its own backside, would have known not to do something so ridiculous and damaging.
Anyway, TFE has a point, our support and loyalty have counted for nothing, but what he hasn’t mentioned is that the RNS releases have always reported positive progress and given us belief, yet the fundraise RNS releases sadly indicating the total opposite. I don’t believe that Kurt was underhand, that he tried his best, but was a victim of circumstance and not a natural negotiator, but Ed has never engaged with shareholders from day one and is willing to break through our nominal value threshold in order to keep the lights on. He’s had plenty of time to strike a deal above a penny, to ensure that AIM rules were adhered to without the need to split the shares. The A shares have no voting rights attached to them and are in fact the equivalent of toilet paper. Which is wholly convenient because shareholders are likely to need more of it!
Keep your spots but let Pocko back into your life. He knows what he’s talking about and was right about this demise. I had more faith than that, but look where we are. It’s such a kick in the guts.
But hey, let’s see what Dmytro can do. He’s got a lot on. 😂
Exactly Troaj. Lol.
Suzy, get your glad rags and war paint on, it’s time to hit the whisky trail. Resuscitation optional.
“Hey Dmytro, welcome aboard lad, could you lend us a tenner?”
This appointment seems excellent, on the face of it, but I’m trusting he’ll be wary of what he’s coming into, given the funding shambles. At least he isn’t a politician. Good.
However, with my average I now don’t expect any return on my investment whatsoever but will just see what unfolds. Court decision positive then hit the ground running, rather than floundering. With Vardar to be 100% owned I’m trusting that we’ll try and flog it, simply because we can’t afford to explore its vast areas of supposed potential. But we can’t afford to keep it running now, yet we haven’t mothballed it or written it off. Same with the Finland project (although this has at least had Fin Gov grant funding).
Hmm. A 0.61p fundraise. Fuk a duck.
SJ, I can’t help but feel what has occurred here for shareholders is one step above criminality. As Lb has said, the new project leader has excellent credentials but will swiftly learn he is dealing with a complete load of tos.sers. Rasmus aside, who I believe is striving to achieve rather than plotting to deceive.
In my opinion only.
Of course I wish him the very best of luck.
So just following the approval of decimating our holdings in real terms, the new Kallak project leader is announced. The very next day. Classic.
It would be good to hear from Aug actually, to see what his thoughts are now.