Member Info for lbjj

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.

Certainly beats the irredeemably dull and repetitive dribbling of Unclemad.
It is high time that Budge is seriously challenged. His walk don't match his talk, does it?

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....

Down here and in Sweden.
Entirely due to a lazy cut and paste RNS.
An affront to any investor with intelligence.
This is not the work of a half competent CEO.
For goodness sake, Budge, just go.

Frankly, this share is indistinguishable from a scam.
Budge’s performance over 8 long and tedious years has been woeful.

Unclemal,
Well done for finding the caps lock, old fella!
Yes, it is coma inducing getting the same RNS over and over again, isn’t it?

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.

Suzy2
" Things are looking up "
How on earth have you reached that conclusion?

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.

Don't look at the website often, but just did out of curiosity.
Nothing new posted for 3 months. Paucity of any real detail on current activity. Mostly archive information or generic projects ongoing.
It really looks like the website of a dormant company.
What is the new Kallak CEO achieving BTW?

These expected customer uptake agreements. Who in their right minds would sign such an agreement with a company which hasn't yet applied for a mining license?

Hi Eric,
Sorry to be critical, but assuming Budge reads this board, you are giving him the message that sitting and waiting and accepting a news vacuum when he constantly promises exciting times and enhanced shareholder value, is good enough, so he needs do no more.
It isn’t good enough, in my opinion. He has admitted his own shortcomings regarding communication, yet done nothing to rectify them.

What is not complicated is that communication is always vague and non specific and never timely.
A drill campaign is very straightforward, and results will be assessed batch by batch as the drilling progresses.
CSP gave several interim results during the course of Kallak drilling.
The Kosovo operation needs strong supervision and direction, not just wedges of cash. Budge is letting them away with a slapdash performance, instead of cracking the whip.
As majority shareholders, you are entitled to see Budge earning his spurs in Kosovo, for which you have generously provided finance.

The Kosovan situation is a joke.
Budge has chucked the best part of £3m at an unlisted company, which demonstrates minimal accountability.
Budge has been mugged, in my opinion. If they can’t even complete a small drill programme, what are investors paying all this cash for?
51% ownership of FA is FA
I would not be surprised if the Kosovan board absconded with the cash. Kosovo is still an unregulated territory and who are the individuals on the Kosovan board?

Sadly, the more time that passes without news, the more obvious it becomes that any news would not be good news.

Good morning Eric,
I have the utmost respect for your staunch and loyal defence of your investment here, always being the reasonable voice and calming and thoughtful posts, you, above all others have steered a steady path, always believing Budge has your best interests at the forefront of his actions.
Coming up to 8 years since his appointment, I can’t subscribe to your benevolent view of the man.
He appears stubborn and selfish, keen to ensure his own fortunes first and foremost.
I can easily foresee regular and significant dilution over the period leading up to the commissioning of a mine at Kallak. Should Finland and Kosovo show any tangible progress towards generating revenues, that dilution will multiply.
You may well find yourself owning shares in the greenest mine in the world, producing the highest quality ore for a hungry world. And yet the SP may have barely moved from today’s level.

Rickmeister,
There can be no other interpretation for the timing of today’s RNS.
The loan announced earlier this week is just a buy now pay later, or deferred dilution deal, which, again, strangely investors are applauding.

I am staggered that long suffering investors are making light of this RNS.
It is indistinguishable from insider trading in it’s avarice.

I must sincerely apologise for my previous comments questioning how Budge fills his day. He has been very busy ensuring his own personal gravy train remains on track despite the woeful SP.
He has also used investors cash to pay consultants to legitimise this crass award. How do you feel about that?
And even the new girl gets a handsome golden hello before lifting a finger.
This is reprehensible.