Member Info for lbjj

Pocko,
I am outside. On deck, sailing the river Great Ouse and watching England v India.
Have a lovely day.

Pocko,
Your posts this morning have been highly entertaining, for which I must thank you. Sadly, they say much about you, and nothing about me....
....all in good humour you understand.

Pocko,
I find your fixation with my fascination intoxicating.
Are we going to get the benefit of your expertise now to put Budge's ' mine in 3-4 years ' in perspective?
I suspect not.

Pocko,
Ha ha wow. Do you feel better for getting that off your chest.
Now how about proving you are 'well versed in the process' and detailing your own timeline like I requested?

Pocket,
I can only apologise and bow to your superior knowledge.
As you are well versed in the process, it would be fascinating to read your realistic timeline on the mine development and commissioning.
Is Budge's bold statement anything like realistic in your experienced and professional opinion?

Pocko,
That's a sloppy response.
DYOR. Plenty of info on the net regarding new mine construction, Infrastructure, finance, timeliness, regulations etc etc
And I'll say again, the remote location ******s every element of the process....
...and then there's the Sami.
Too many dreamers on here. Look at the SP. It does not lie.

For a productive mine to exist at Kallak in 3 - 4 years from March 2022, groundwork would already have had to commenced. And that is a long way off.
Additionally, the remote location means a much slower build.
And that is assuming all other components are in place - finance, manpower, transport, reliable local energy supply, infrastructure build etc etc.
None of these issues are off the ground yet.
People still posting on here that the concession unlocks everything else is way off the mark.

Suzy2, you’ve always believed in crazy. This share is perfect for you.

Kurt too busy to communicate progress to shareholders??!?
Ludicrous....
He has delegated progress on Kallak to a new CEO.
Progress in Kosovo is physical ground work, being carried out by contractors.
In Finland, again, if there is any progress, it's being done by Finns on the ground.
I really do not know how Budge fills his time, and clearly he is not telling investors.
What the absence of communication clearly tells everyone is that the promised progress has not been achieved.
Like the promise in 2021 of a busy and exciting year, it is just nonsense.
The amount of cash squandered on Kosovo without any tangible result is a disgrace.
Did nobody ask about this at the AGM?

Suzy2,
There will be no progress which will positively affect the SP by the year end.
I predict Ulla will have no impact on proceedings
If by progress you mean another cash call, then you may be correct.
Budge's " a mine in 3-4 years " is just crazy talk. Did nobody challenge this at the AGM, or were the questions vetted / censored.
I honestly believe Budge has completely lost the plot and has appointed Ulla to take the blame.

What on Earth Suzy2?
Your last post is completely meaningless.

If all the CEO has been appointed for is to secure the environmental permit, I’d be keen to ask the following:
1. A junior admin person could have been recruited to do this, since all the legwork has been done and dusted. A Swedish mining engineering graduate or similar. A CEO is a sledgehammer to crack a nut?
2. Budge knows all this process inside out, so, to be honest, he’s best placed to deal with the environmental permit himself?
3. Any “serious” JV partner or buyer will want to talk geology, tonnage, mine design and commissioning, manpower planning etc etc. She is not equipped for any such conversation.
4. Finance will be the big and vital piece of the jigsaw, and once again, she is out of her depth here too?
5. With a clear path to a productive mine in Budge’s head ( surely this has to be the case ) why on earth employ someone at CEO level who has no qualifications or experience to tackle the building blocks of such a plan.
Sorry, I just don’t get it.

Having had a few days to digest the personal background of the new CEO, I fail to see how she fits the next very practical stages of financing, building and operating a mine.
She is a public servant with an administrative background and a somewhat patchy CV.
The environmental permit work has already been done, so she’ll have minimal input with that.
She has no geological or engineering credentials. How can she talk the same language as any potential partner?

Not that it matters one way or the other, but I don't believe a word unclemad posts.
Seems like a saddo departed for attention and approval to me.

Unclemad
To answer your purile question - still nowhere near as dull as you.

People are clearly stunned into silence by Budge’s appearance in the interview.
A cross between a goblin and a kid’s TV presenter!
And talking like he’s CEO of a global mining corporate with a workforce of thousands and all the kit he needs to build and run a mine.
The comoany’s finances might run to a wishing well in his garden.
Pie in the sky interview, and the washy washy interviewer never asked him about finance???

Suzy2,
You have every right to strongly object to anything you like.
Similarly, I have every right not to give a s**t

Suzy2,
You are indeed entitled to post anything you like which is relevant to your investment, and I abhor censorship of all kinds, as you well know.
However, a lot of your posts are rambling, irrelevant posts about your personal life, most of which are as dull as f***. Honestly, nobody cares that you are in the garden, or what you are doing in it.
More fundamentally, though is the matter of sycophancy over the CEO. He is no Demi-god, as you assert almost daily.
There are any number of at least equally competent and less passive than Budge.
Please use the considerable knowledge you have acquired on this company for the general good and education of those considering investing.
There is no place on this board for your schoolgirl crush.

It’ll be slow for a couple of years, minimum, in my opinion.
The “how” as always was absent from Budge’s update, with no mention of financing.
Bringing forward the building and commissioning of a mine at Kallak sounds good, but how is it going to be achieved and how is it to be paid for?
The company does not yet have the necessary environmental permit, which was glossed over.
Also the drilling campaign cancelled 2 years ago because of Covid ( which was nonsense ) has also not been timetabled.
Maybe he and Sven are nipping down to B & Q to buy a couple of shovels?
If Budge had presented what he said to a bank in order to justify a loan, he’d be laughed out of the office.
This project needs some serious technical and financial muscle, sadly lacking from Beowulf and it’s half a dozen employees.

And Budge will be needing lots of cash very soon.
The finances of the company between now and there being a productive mine at Kallak will determine investors fortunes.
It’s at this stage that any loyalty towards long term holders will quickly evaporate ( if it ever really existed )
However the building and management of the mine is financed, 5p or below, with inevitable and significant further dilution, will persist for years.
Anyone looking for a quick buck can only hope Budge sells Kallak at this stage, but the price will be fire sale level.