Member Info for Hastyretreat

Fat fingers...
In short we can do more and I am hoping the June review will uncover something but I doubt it.

Rationally irrational. Roll over and wait for baylan to tickle our tummy...and he never will. Agreed all companies are in a different position but this is the same fatalistic thinking that has lead to where we are. We are all linked by a broken system, yet we, and I am sure the others lawyers can to, have fulfilled ever criteria

Aug - the first thing that Kurt should do is do what is within his power and that is to act with other business in the same situation and exert collective pressure - earn his pay and actually get this puppy moving and be in a position to justifiably exercise some of those options that expire in July (9M at 1p would be a slap in the face to any longer-termers as a reward for failure). Get the Swedish Advisory Board to earn their crust for once. Use the media and pro business politicians (local, national and MEP's - Fram can finally earn his crust with the politicians and the media). Put Jan-Olof Hedström and Per Broman into action to exert pressure and use their contacts and knowledge or get rid of them! Dare I say get our Stakeholder Communications Officer (Afnan ? - if he is still around) to start communicating. Best of all start communicating with shareholders clearly, consistently about what the strategy is and why and then don't come cap in hand for more cash until it is either to raise money for legal action/next step (but not sitting on his hands) or to add value post award application. Lastly explain to shareholders what he and the board do to justify this failing strategy of sitting on their hands and what justifies their wages. In 5 years of being at the company Kurt has steadied the ship (getting rid of CSP did that) but I see little evidence of much else apart from being in the same situation as we were in November 2013. Not delivering shareholder value within 5 years is at best negligent and would have led to a swift exit in any other walk of life .
Saying that I believe he is trying and is a likeable and honourable guy by all accounts, but fate, luck or whatever he just hasn't delivered and I believe he would move on from BEM at the first chance he gets, but only another AIM company would give him a gig at the moment. Any ambitious CEO's want the big time and delivering Kallak is his and the other directors only credible route onward and upward . IMO

Yawn. I didn't pay my Kurt fan club fees this time around, so I decided to peer over the fence to see what was going on. It is no greener here but there are no blinkers over here either.

Or is Kurt a magician - casting a spell over us all?
If Kurt was waiting for his mid term report card he would get a C/D, and if there was a comments section it would probably say something like...Kurt is a great, honourable, passionate, capable and committed student but he is too stubborn and easily distracted away from the core subject at hand . He likes to distract himself with lesser things and likes to surround himself with well meaning but misguided hangers on who take advantage of his better nature. When Kurt writes an essay he weaves and meanders and seems almost scared to make important decisions, seemingly hoping to reach the right conclusion by not actually concentration on the actual question posed. Kurt has great potential but unless he is willing to make changes he may fail this class. He still remains my favourite pupil for his loyalty, belief that there will be a happy ending and his puppy like enthusiasm.

Fools do rush in but this is hardy rushing is it?
As i mentioned yesterday madness is to do the same thing and expect a different outcome. Foolishness is a whisker away from madness!
As of August 2013 BEO had 282,827,365 ordinary shares - on 3rd April it had 602,262,376 ordinary shares and 23,250,000 ordinary shares of 1 pence each under option. So lets say 625,512,376 or a doubling of the shares in issue under Kurt's watch.
The Company held approximately £1,050,767 in cash at 31 October 2019 - some of which Kurt has deemed great value by putting into an unstable Kosovo exploration. 6 month on it will be at least half of that.
3.75p is the share price at present, so without any positive news (a la Kallak) we are realistically looking at another 50,000,000 shares dilution at the next round - 675,000,000 in total- getting towards 2.5 times dilution under Kurt.
I am starting to question is Kurt a better sales person than Clive?

I'm very cheerful and happy thanks.
I prefer to do rather than do nothing, which hasn't and isn't working. Swedish government has proven t be weak and ineffective, yet we still sit and wait. In that I used to trust but the logical conclusion to that strategy has been and gone long ago.
Even Ed 'the deluded owner of 50% of BEM, or was that 5% or 500% I lose track' ship is due to sail.

Filed under direction of travel unless Kurt switches strategy.

Are you OK Suzy - you seem a bit out of sorts today?
I quote a certain snippy and absurd poster on here!
"Looking for iron outside Sweden with Kallak ignored would be absurd."

Or further dilution of shareholder value.

Or bankruptcy.

Or closer to death.
Who said anything about looking for iron outside of Sweden?

I was on the mobile site earlier and it popped up. If it is out of date Beowulf need to sort their website out.

Apparently there is a company trying to scam people claiming to be Beowulf mining plc -see the BEM website. There is a double irony here -swedish government are claiming to be effective and functional and someone else is jumping on the BEM bandwagon to scam people out of their money. Kurt is very upset. You couldn't make it up!

https://news.cision.com/se/lkab/r/lkab-vander-sig-till-regeringen-med-begaran-om-planforelaggande-i-kiruna,c3108681

I wonder if LKAB have more success that BEO.

https://news.cision.com/se/lkab/r/lkab-vander-sig-till-regeringen-med-begaran-om-planforelaggande-i-kiruna,c3108681

Ridicule is no substitute for rational argument.
Remember this comment

"Any action" is for idiots

No it is not but it is the level the Swedish gov and our board are at. There is no argument or rational thinking going on.

I agree the virus is unacceptable. Unacceptable in our laughable response, our inability to count deaths, to be consistent in our response, to keep a tally with Italy as if it matters above getting PPE to the front line, unacceptable that Boris is more concerned with fulfilling his infantile public school fantasy of playing Churchill in a crisis. I could go on but will finish with unacceptable for Sweden to use it as another excuse to do its job and for our board of directors to meekly hide away again. I get the feeling that our board don't like confrontation except over tea /coffee and biscuits and the big one to decide if the bourbon is better than the custard cream.

FYI Suzy idiots/lunatics keep doing the same thing and expect a different outcome. Look in the mirror some time. From this stand point any action, apart from the same old one of no action, is for idiots.