The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
This has turned into an absolute sh*tshow.
I said a while back that it is indistinguishable from a scam. Today’s RNS is yet more evidence. It is so sketchy on facts, detail and direction.
Goodness knows how low the SP will be in 6 months when the loan has to be repaid.
There can be no investor now who believes Budge is handling any of this well?
Please don’t reply Suzy2
Rickmeister,
You should not be in a position where you have to surmise anything.
You should have been told that JV has ended, a full reason why, and, most importantly, how the project will now progress without the JV and what, if any involvement Epsilon will continue to have.
It’s a recurrent theme with Budge’s RNS that it’s as if there’s a paragraph missing.
He’s got nowt to be cheesed off about Eric.
His earnings don’t suffer, and the fact that he doesn’t sound disappointed is at odds with the way he trumpeted the JV with Epsilon when is was announced. Nothing has changed as far as I can see??
The MOU is meaningless / redundant without the JV.
At least Budge got a nice trip to India.
If there is a plan B which betters the JV with Epsilon, he should have held back today’s news until he unveiled the plan B, or is that too obvious?
Even the excitable swedes have lost interest. Aktie down 15% in past 3 sessions from an already depressed level.
Having weighed up what scant information available from all 3 areas of activity ( if that’s the right word haha ) I can’t realistically see any newsworthy progress on any front until the turn of the year, and probably well beyond on past performance.
I wouldn’t bet against the next RNS announcing more dilution.
My comment was regarding Kallak, wasn't it, so your reply is ridiculous.
Today's RNS is encouraging. But it is not worth £3.1m.
It will be interesting to see where the swedish SP moves to today. The swedes tend to get a more excited than investors here.
And Budge has stated there will be a productive mine in 2025 at Kallak.
Pie in the sky, but he'll have been paid another £320k in the next 2 years plus a boatload of shares.
Budge enjoys sitting on his hands. It's a nice easy earner.
Any CEO by definition drives activity, deadlines and people. The problem with Budge is that he does none of these.
He dabbles and starts projects, talks endlessly about exciting opportunities blah bla blah, but has delivered literally nothing to enhance the SP.
Eight years of dabbling and dilution and has not completed , well, anything at all.
The one value he has consistently enhanced is his own bank balance.
It is a truly shocking and inept performance.
Suzy2,
Well said???
So you expected nothing from the RNS, got nothing and you're happy, praising Budge for his ability to cut and paste verbatim from an RNS from May and before.
Utterly pathetic and sycophantic.
Have an exciting weekend....
Old news.
Budge is insulting investors with this morning's RNS.
Are you really saying that 5 months after receiving the license, you still have made no tangible progress?
Still talking about exciting and busy times ahead. Nothing ever comes of it.
Rubbish.
Comedy gold, 3c!
With a Swedish chairman and now a Swedish Kallak CEO, the Swedish geological timescales are endemic inside the company as well as in the wider Swedish bureaucratic world.
As CEO, Budge is responsible for setting and achieving targets in a timely fashion. I believe he’s just given up.
Kosovo is not being managed by BEM, simply financed without accountability.
Finland looked promising, but has ground to a halt. Is Budge going to apply for a mining license?
It is all so slack and unfocused, on a shoestring too.