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Eric, £1.5m has gone to Kosovo since last March, part of the reason why the company is cap in hand right now at 2.06p.
Budge hasn't got a clue about sequencing priorities, and Ulla is happy to fall into line with the any time will do attitude.

I have read the RNS, Eric.
No reason why much of this should not already have happened. Another 10 months is preposterous.
Maybe if Kurt hadn't blown £3.5m on Kosovo the application would already be in?

Ulla has been in post almost a year, and by the time she submits the application for the environmental permit it will be almost two years.
By her own admission, much of the requirement of this stage is included in the exploitation concession application and can be reused.
Why is it taking best part of yet another year before she submits the paperwork?
She's doing little else, is she?

Why is identifying exciting potential, planning to do stuff, having ambitions, signing MOUs etc etc so bl**dy costly??
All just to stand still and demonstrate imperceptible progress??
I don't get it.
And neither do the markets, clearly.

Methinks the fundraise might not be going well.
And tomorrow another RNS on more state of the art dronery plans and ambitions in Kosovo no doubt.
Woeful.

Suzy,
How much would you care to wager?
Remember you lost the last wager when you got tetchy with me, as you insisted the exploitation concession would be in the bag by May 2017?
The current fundraise, once the proposed money for Kallak N & S plus Kosovo is deducted is a fraction of the money required to build and operate the Finnish plant, which would be £20m+ capital for the build. Another couple of million for equipment and a £5m per annum working capital to operate the plant and pay wages. Ball park figures maybe, but not far off.
Plus Budge will need to appoint some highly paid technical managers and directors.

As Nobody seems able to answer the questions I posed earlier, it’s just more smoke and mirrors from Budge to try and make sure the funding is 100% successful.
I don’t believe for one minute that you’ll ever see the company build and operate this Finnish plant.

On the face of it, some progress....
I need some help properly understanding the Finnish situation though:
1. Who will finance the building, equipping, management and staffing of this downstream capability?
2. Who will be purchasing the raw materials and from where?
3. Who will purchase the end product?
4. Who will the revenue from sales go to?
The scale of this operation seems way beyond BEM’s capabilities, and Budge has zero experience of such a process.
I am genuinely bewildered by it all.

Suzy,
He was scruffy. No jacket or tie and wearing denims. And he wears a ridiculous bracelet like my 8 year old granddaughter wears.
He is a CEO ffs.
If he doesn't take his position in a filmed interview about the future of the company seriously, why should I take what he has to say seriously?

Worry not oldbrian. Kurt was smiling during the most recent presentation and was wearing a smashing shirt.
Surely this is a cast iron guarantee of an imminent surge in the SP.
Give me strength.

Suzy, there is no conspiracy. Everyone can now see that Budge is utterly ineffective, even the most loyal long termers.
Having set a derisory offer price, such is the lack of confidence in his ability that the SP has already fallen to a whisker above the offer price before the offer closes, which is embarrassing.
Budge hasn't got a grasp of what he is doing. He talks only of plans, targets, ambitions, exciting potential, without a clue how to realise any of it.

Well, well, well, ADF, my original post has mysteriously reappeared, coinciding with your all too personal tirade.
I do have serious issues - with a CEO who is trashing this company. So should you!

No surprise the self appointed censor has not come clean, since like all bullies, you are a coward.
I fully respect, and would defend you right not to view an individual post and it’s author. And for that there is the filter button.
However, you have neither the right nor any mandate to decide what others choose to read.

It seems we have a self appointed censor on this board, as my post from earlier this morning is no more?
Anyone care to own up / explain?

Maybe I'm thick, but whenever Budge speaks about Finland, I'm completely lost as to what, if anything, is actually happening there??
No mention of a mine at Kallak in 2026, which is a fantasy.
And mentioning the SP was so crass.
His colonel Gaddafi eyes betray the fact he's floundering and waffling unconvincing.
And still dressed so scruffily.

Anticipating the first RNS after fundraising closes to be an announcement of another million plus going to his chums in Kosovo for more state of the art dronery.
Or maybe a nice bonus for him and Ulla for duping investors yet again.
Any other suggestions?

Eric,
“ what else can we do? “ you ask.
Well, of course it is entirely your choice, but I would urge you to sell the lot and never look back.
You are clearly a very honest, genuine and likeable guy, but you are far too deeply, emotionally involved here.
When I look at the amount of words you have posted recently, this can’t be doing you any good at all- you are completely consumed by this nonsense, which is getting worse.
There is more to life than money, Eric. I know, l8e me , you are not in the first flush of youth.
I am 67 today, and I have found contentment and cutting out anything which causes stress is far more precious than any amount of money.
My very best wishes to you, Eric.

Yes Eric, and don’t forget the first call on any funds raised will be to repay the bridging loan. A not insignificant portion of the potential net proceeds.

Eric,
Shocking behaviour from an increasingly arrogant CEO.
Look at the SP now. The offer price is now hardly discounted at all. I can see this fundraise failing now. The 70% underwrite is likely to prove expensive - but not for Budge.....

Yeah but it’s so exciting isn’t it Suzy?