Member Info for lbjj

" all three drillholes "
Three??????
Is that it after all this time?
That's over £1m per drillhole.

£1.25m plus overly generous share options.
There is still a very small number of sycophants who have convinced themselves that Budge has their best interests at the forefront of his mind.
They enjoy the enduring sweet pain of delusion, which never ends. I would say it is an addiction. Everyone else is sick of all the promises and has written off their investment.
Maybe Budge has appointed a CEO for Kallak simply to divert the flak away from himself, as he's such a lovely bloke.

Eric,
You are as well informed as anyone and better informed than most on Beowulf's history, current situation and future prospects.
The ongoing demise of the SP and dearth of detailed news is causing you to post endlessly, pondering and combing over every single word of every post and answering every post with anxious questions.
This investment is harming your health, which is alarming.
I would strongly urge you to trust your instinct, intelligence and knowledge, which, I assure you will allow you to reach more realistic conclusions than the vast majority of posters, me included.
Every best wish to you, Eric. Enjoy the sunny Bank Holiday!

Suzy2,
You seem to excuse any and all of Budge's falungs, and there are many. How on earth do you justify this nonsense to yourself?
I laugh out loud at most of your rambling.

It is a term chosen to mislead. It infers progress and upward movement.
In reality it carries no value opening.

Eric,
A lot of this planned activity will have to be financed by the next dilution.

Suzy2,
By the time the concession unexpectedly arrived, the money was already spent.

Eric,
It ain’t even worth mentioning. It’s staring you in the face every time you log on.

Almost 2 years ago, many investors bought into the 3.16p offer.
I well remember Budge in his flurry of lacklustre presentations saying this would fund the much needed completion of all outstanding infill drilling at Kallak, which never happened.
Instead, the majority of cash raised was chucked at Vardar.
Now a total of £3.1m for a preliminary drill campaign, throwing up only marginally encouraging results. Certainly insufficient evidence for an economic mining operation.
I hope he doesn’t talk about being keen to add share holder value ever again. Unless he actually achieves it first - unlikely

ADF,
I don’t see how it could be worse.
Budge is the opposite of Midas. Everything he touches turns to sh*t, whilst costing investors dear.

Hasty,
Inflections can be down as well as up, and, rest assured with BEM, it will be down.

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.

With a separate CEO for Kallak, Budge is pretty much redundant now.

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?

The fact that Budge has not said why means it isn’t a positive reason, doesn’t it?
Maybe they’ve sussed him out as the lightweight he truly is.
He’s turned into a full blown BS merchant is the past couple of years.

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.

Suzy2
Customers for what exactly?
Hasn't yet applied for a mining license. Get a grip of reality you are getting mugged by the Vardar management and Budge xan't possibly justify the level of investment.

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.