Member Info for EricDraven

Could be worse Sooz. At least he didn’t say Great Great Great Grandmother.

Good post SJ. Quite a few blue 100ks here today too. Just a pity they didn’t go to the company. Difficulties using PrimaryBid instead of only our brokers will have persuaded some existing shareholders on the borderline of taking up the offer to not be ar5ed. Lol.

So some might be buying ordinarily today. Good if so. I know you added a few more to top-up your offer shares.

A new form of madness. Lol.

Aye Guns, good not to increase your average, but I can see why it does occur, if a business is well managed with a decent asset base. Confidence is a massive driver, either way too eh?

So I’m hoping you’ve got a great price with BEM. I think the criticism of our CEO is apparent, the fundraise uptake wasn’t ideal, but still significant monies, so it’s what he does now we have the funding behind us that matters from here. We have a plan for the year and that’s good.

Best of luck to us.

Hope so. Glad you’ve done well lately matey.

Guns, best of luck if you’ve bought in.

Rick, yes, and each case must be treated on an individual basis. In our case, it has been proven that for over a thousand years, mining and reindeer husbandry has co-existed.

Pretty cool. Lol.

Lb, uptake was 73.5% so we at least avoided triggering the underwriting commitment, which was set at 70%.

Offering such a large discount at 46% had the opposite of the desired effect, in my opinion. It was a low confidence offer, but of course we were and still remain hampered by a Sami appeal against the concession.

Yes, I reckon a little over £4 million after repaying the loan, plus what is left in our coffers. Should be more than enough to crack on with our Kal plans though. If we focus solely on that, there’s a good chance we’ll make real progress and renew any lost confidence, which should then be reflected via the sp. A gradual rise over the coming months, is my view.

There is nothing I can say which will alter your train of thought, I appreciate that. Sooz is right though, faith is blind, but sometimes perhaps, so then can be the lack thereof. At the moment however, the sp says much. Kurt needs to get to work. Listing Vardar sounds like a fair plan, if only for greater transparency, while we concentrate on Kal.

Cheers Lb.

Pocko, it’s a puzzle. I’m trusting Vardar is worth what we’ve invested to date, if only because we’ve gained nowhere near 100% of it. Hoping for news from there soon, and no further splashing of this latest raised cash in that direction. Unless it’s to fund one itemised drill. But we also don’t know how much of our money Vardar still has left. Lol.

Yes, inflection point, PFS perhaps. Completion of.

Sami appeal being rejected. Maybe another. It’ll certainly be a massive help.

SJ, I feel we are still awaiting news from Vardar. We’ve had an update on Kal and Finland but not one solely on Vardar, unless I’ve missed it.

The cost of living crisis might have also held a few UK folks back from investing as well, you know, in general numbers are likely to be down for all investments. The main thing is we now have a good few million in the bank again, but this is the most vital year for using that funding wisely.

I’m totally fed up though today, as most of us must be.

Hi SJ. Not great results from the fundraise, but I like the idea of spinning Vardar out. Should have happened long before we got to this weakened sp position though.

Anyway, the raised money must surely only be spent now on our proven assets, Kal mainly, and perhaps Finland, to complement the Business Finland funding there, if necessary.

Tough day, not happy to see the sp near the Offer price, but BEM using PrimaryBid did make it difficult for existing shareholders to support the company. Maybe lesson learned going forward.

Kurt needs to pull out an exceptional performance for us now. News and progress. Stick to the planned work. Bring forward the timescales if possible. Prove up more of Kal.

Cheers SJ.

It could be grim here for a while matey. Depending on news.

Night Sooz. x

Hi Maddog, I’m not sure, but it happened quite soon after I’d been out somewhere to eat, and the symptoms are those of food poisoning. Anyway, I hope you are feeling much better and you are picking up the weight again. It’s a lot to have lost in a short time.

Look after yourself.

Very best wishes.

The swims each day will keep you young Alan.

Best regards.

Tops, there isn’t an update yet because the allocations haven’t been completed. I’m still waiting to hear whether the shares I’ve applied for are given. They aren’t yet showing in my ii account, only showing is that I’ve applied for them. So it’s inappropriate for an update to be given while the process remains incomplete. The 23rd Feb was the deadline day (20th on ii for shareholders), so time is then needed to allocate and calculate the total raised.

You should allow that time. We’ll receive an update once all is done and dusted.

Alan, just seen your message. Thanks for the good wishes.

I hope you’ll be disappointed though and that the sp remains over 2p to buy.

Atb.

Thanks everyone. I do prefer natural remedies. Not keen on taking antibiotics if I can help it.

Sooz, sounds good. I like the history to it as well. x

Going now. Good luck for next week.

Thanks Sooz. Will do that, warm water. I feel rubbish, so might just watch here for the first few days next week, not post, but I will be here in spirit.

Afty. x

Tak, hi. Thanks for your message. Yes, I can see why you lost faith, and it didn’t seem Kurt was prepared for the concession grant to come when it did either, if at all. However, as SJ mentions, bringing in Ulla three months post-concession should really assist us in pushing our environmental application submission. She has high level political scene experience and is a qualified civil engineer, so it should work well. Kurt obviously recognising that such additional expertise was needed.

Anyway, I’m remaining invested, have applied for shares under the offer, as I did last time, and will look to better days, and a raised level of performance from Kurt, particularly now he has the support of additional personnel, including a new Chairman.

Kurt has addressed the need for a higher sp, but of course he also contributed to its demise with the 46% discount. Unfortunately we do not know why he was unable to raise at a higher level on this occasion, but my guess is that an almost immediate pending objection by the Sami against the first key element that allows a mine, the concession, will certainly not have been a risk worth taking for many backers, without of course a large discount.

Best wishes Tak. Dare I say it, if things improve enough for you, I hope you’ll consider dipping your toe in again.

Let’s see what the year brings.

Regards.

Thanks Sooz. Still not right, I’ve got food poisoning, so been sick etc.

Nothing to do with BEM though, so that’s good. We should soon discover how many shares we’ve been able to gain.

Next week might be tricky, no doubt some will try their best to make shareholders disheartened, but it doesn’t matter. It only matters if we feel Kurt can turn this around from this point now, where we receive the funding and move on with the planned work.

Best wishes. x

Sooz, enjoy the night sky. I’m indoors as have picked up a chill.

:-/