Member Info for EricDraven

Ok Maddog. Perhaps so, but at some point then thresholds will be passed and identities revealed. Those are the rules. If Kurt doesn’t know who the institutional investors are then what chance do we have? Lol.

Hi Maddog. My view is that if Kurt mentions we are 100% retail investor owned then it has to be the case. If he didn’t know for sure, he wouldn’t mention it, because not being armed with those facts and guessing, when he is in front of a camera at an investor conference, is not an option.

Best wishes.

Sooz, I don’t know what will happen either, but I’m going off what I can see is currently happening and has occurred since the granting of the concession. When the next news comes perhaps we can examine that, but I feel we need better and Kurt knows it as well.

Best wishes. x

Thanks for the link Andy. Nice to see Kurt with a collar and tie on and a suit. Pleased about that. He does mention Kal and Grafintec as being “production stories in the next four years” instead of “three years” in the video though, so I’m hoping he actually doesn’t mean we are already looking at 2027 and not 2026. Let’s trust he slipped up, but of course he may be including the remainder of this year, I don’t know for certain. He should perhaps have been more careful. Specifically stating the actual year would have confirmed it. Simple enough. His nervous laugh when mentioning the sp indicates he’s embarrassed about where we are. I’m glad about that.

Thanks for sharing.

Aug, if we wait too long to secure a partner we won’t have an sp left. Why not focus on what we do know instead of guessing what may or may not be occurring behind the scenes? It’s been an entire year of sp slide since the concession award and nothing has countered it. We have vague timescales for the work taking us through the year and now spilling over into 2024. I’m sure some of us are concerned about the alleged ‘inflection points’ actually happening. As Johnthegolf also mentioned, we could be in serious trouble come the next fundraise. Kurt must find a way to increase the sp and very soon. Last year was described by him as “transformational” but the sp reflects otherwise. A fact. You mention Kal being a political play, but now we aren’t relying on the Government or waiting a decision perhaps influenced by politics, we are back in charge of our own progress. The Land and Environment Court will make a legal decision on the Sami objection, not a political one. My point being, since the concession was awarded, the company itself has been free to carve its own path and a year has passed in a flash, with nothing progressive really having any positive impact on our fortunes. The news hasn’t been good enough, and the plans to move the business forward still lack any real structure. We will start a PFS sometime in Q2, as an example.

That’s where we are. In my opinion.

Jonny, hi matey. She won’t play me and I’m pleased she did well from her trading. We now do have different experiences from our time here though, which we will both no doubt bear in mind.

Best wishes.

Hi Lb. I do accept that your comments are meant in good faith, but my relationship with Suzy is exactly that, just between myself and Suzy. We do disagree with each other, as we are at the moment, but she has never turned on me and I very much doubt she will. We are friends. She knows my position here, and I hers. We can fall out and that’s ok. It’s healthy. Just as we can also agree on many things. It doesn’t matter if I don’t believe she’s correct regarding the management’s performance, because if it turns out that she’s correct I’ll be over the moon. Although of course, I need to see the evidence, and there currently isn’t any forthcoming to support the notion that everything is being undertaken with a high level of competency.

Lb, thanks though.

“……Management…..”

Sooz, I won’t comment further on your “management as creative not slack” post, I have to think of my mental health, lol, so I’ll say I’m happy to disagree but also pleased that you hold your own view.

We are both invested and want to see BEM and Kurt succeed. That’s the main thing. I am just less convinced than you perhaps, at this current time, and for the reasons I’ve given.

Enjoy your weekend. x

Sooz/TFE. Regarding the talk of “extraction” being a misleading term used on the Jokkmokk Iron site, then it disappearing from the main page, I have found mention of it within the ‘FAQ’ section. If you find the ‘FAQ’ from the menu icon (top right), then click on ‘FAQ’, you’ll see the heading ‘Om Bolaget’. If you then look at the second post down titled ‘Vad är Beowulf Mining för bolag?’ and click on that, what comes up is the bit you mentioned TFE re the extraction. It translates via Google as this:

“ Beowulf Mining is a mining company with main activities in exploration and extraction with operations in Sweden, Finland and Kosovo. The extraction consists primarily of iron ore, graphite, gold and other base metals. Beowulf Mining was founded in 1988 and is headquartered in London, England. Beowulf is listed on two trading venues, Spotlight in Stockholm and AIM (Alternative Investment Market) in London. About 77 percent of the shareholders are Swedes.”

Just for info.

You are right Sooz, so, equally, it should be known when exactly that work will commence and how long it will take to complete. With the PFS for Kal, as an example, why haven’t we been informed when exactly in Q2 this work will commence? That date should be known, if indeed Q2 is indicated. Otherwise why not Q3?

You may not see this as a problem, but it is very slack management really, because it lends itself to project drift and ultimately leaves the market wholly unimpressed.

Even though we may not agree with each other at the moment, the sp, in my view, is largely reflective of managerial performance.

Have a pleasant weekend. x

Hi John, yes, it’s a very real concern for many of us I’m sure. We can’t just bobble along like we are doing. News surely has to be more abundant now and highly informative.

Best wishes.

I see. You mean mega funds. So once the objection is rejected you feel we may be better placed to seek a JV? Either that, or the already sourced partner will show their hand? However, if a partner had been sourced then we should have heard about it via RNS. Lol.

It’s all a bit vague what could occur, so I can only deal with what has or hasn’t occurred as I type, the here and now, a year or so since the concession was awarded.

Time for a cuppa. Catch you again. Keep posting matey, good that you are doing.

Maddog, aye, I do also feel the Sami objection is one factor that is helping to suppress the sp. That is beyond Kurt’s control, although he did say he’d update us on that situation and he hasn’t. AndyDuFresne has supplied the updates instead, for which I’m grateful.

Maddog, Kurt had the opportunity to raise further funds at a healthier sp prior to the concession award. Raising funds when the sp is decent and not when we are running low on cash is always a fair strategy. The Government has taken nine years to approve our application, it’s been a painstaking process, so I doubt it will backtrack now, regardless of the Sami objection.

Good to hear your thoughts, much appreciated.

Sorry for the typos, I’m super tired today.

Thanks Maddog. That’s good to know, although the current sp is relevant, particularly to those underwater, and of course for the next time Kurt has to raise funds. Considering his discount record.

Best wishes matey.

Sooz, you don’t have to agree, your opinion is as valid as mine, but also you are viewing this from the perspective of someone who sold their options and did very well. I am not, and it’s clear that from only holding the investment it has been tragic. All the evidence exists that Kurt can do better. You only need to dig further Sooz. I suppose though, it does depend on what we are content with in terms of performance.

I’m not selling either, and, and have supported the company for nearly 13 years, but that also gives me the right to be critical of performance, and, in my view, Kurt is not doing too well enough for us. It doesn’t mean that he can’t improve though. But will he? That is my concern. Especially on the communication front.

Anyway, my thoughts only.

But we have a mining concession and are sitting below 2p. Kurt is underperforming Suzy.

Yep, they are awesome.