Member Info for lbjj

Makes no difference what sellers are doing here, really, as the price is being driven by the trading and volumes over in Sweden.
This will continue to fall while Budge has nothing positive and tangible to announce, and I wouldn’t hold your breath for that.

Your beloved CEO has been cruelly exposed by the decision he so desperately needed, but clearly neither expected or prepared for.
I find his supine performance so inexcusable.
The positive decisions hold have triggered a rapid fire response of news and outline plans, and, most importantly evidence that your CEO is in charge of the timetable of events from here on.
All he has given you is an admission that his communication requires improvement and an admission that he has no idea why the SP has lost 60% of it's value from the peak last Tuesday.
He is dabbling in 3 projects, not in charge of any of them, and being fleeced in Kosovo. Appalling performance.

Good god!
Tells me Budge was not expecting the Kallak concession to be granted.
Also clear that a placing is no longer Anything other than necessary, but now it's urgent....
.....but at what price?
Reckless and ill timed investment.

And where are all the idiots like topsharepicks who wouldn't shut up when the SP twitched up at the start of the year? "30p before concession, then 50p week after and on to £1+" and belligerent with it. So certain of their pronouncements.
And all the people who are bewildered now jumped on his bandwagon.
Wishful thinking. And there are still people who are clinging on to the 70p dream.
It's gone - ancient, irrelevant archive material.
BEM is now not just at the mercy of a government minister the CEO has never met, but also predatory purchasers, who know the company is nothing without a huge unjection of capital, technical expertise and manpower.
BEM will be grateful for any offer, as alone, the company has zero capability of building a mine.

Eric,
I've never wavered from my view, which is that the spike to 75p over a decade ago was a pure aberration, as was last week's spike to 22p
The current SP is more realistic. Sadly, too many investors have been blinded by the aberrations, believing them to represent the true value of Kallak.
People need to forget previous highs. They are irrelevant now.
This is the reality.
A weak CEO not in charge of a situation he has not planned for adequately.
Without a JV or buyout, the next and unavoidable placing will see the SP fall much further.
Someone will buy this company for a song and the sooner the better.

Suzy2 and the like ffs wake up!
All this, well it'll be OK long term. We're already at long term and your incessant wishful thinking has led you badly astray.
I said 3 years ago the concession would struggle to get the SP over 10p because of the time elapsed and serious dilution. None of you listened. Your choice.
And you're still waffling on about Saint Kurt.
He's drooped the ball. Pure and simple. He has no relationship with te minister. Never even met him. Budge gets shafted at every turn because he's reactive
It's no good starting to decide what to do about the concession now, is it?
Too late.
Last Tuesday should have been the tipping of the first domino. But Budge hasn't got any other dominoes for last Tuesday's decision to knock over.
He has to go.
He has wasted 7 5 years and a lot of your money.

On 7 March, the AIM index stood at 958. Today it is at 1038, up 8.35%

Unclemal,
No doubt you’ll be calling your best buddy at invest direct very shortly to thank him for his invaluable advice to hold, which has lost you a further £50k today?

Suzy2,
The only truth about Unclemal is that he has 5 million shares and an average over 30p, so he’s currently a million quid down.
So much for his life long trusted investment advisor.
Horse cr*p is what he talks.

Unclemal,
So why didn’t he warn you the SP would crash on obtaining the concession, if he’s all seeing as you say.
BS and nothing more!

Unclemal,
Your “close friend at invest direct” knows nothing of the sort. How on earth can he?

Budge has become too accustomed, after 7.5 years, to sitting on his hands and waiting.
Well, the wait is over and after a free ride all these years, it is high time Budge did what CEOs do, and grow shareholder value - something he has done nothing to achieve thus far.
A week after the concession landed, to have only said thanks, and not, as a bare minimum, shared outline plans and options, is crazy.
I am sick and tired of the undue adulation this guy gets. CEOs drive, they don’t spectate.

Is it possible to give the concession back?

He has had 7.5 years doing not a great deal, so to not have a number of plans ready to go, partners warmed up etc etc, is inexcusable.
To quote Bojo, these plans should have been “oven ready” on Tuesday when the concession hit.
What else has he been doing, for goodness sake?

It was a pleasant surprise on Tuesday when Thor coughed up the concession. Given the debate in Parliament tomorrow on Kallak, it almost seemed hasty haha.
As he appears to be more genuinely hands on and pro mining than his predecessors, just my musings, but, in an election year, it would be strong political capital for him if he were able to broker a sale to LKAB, and claim victory for Sweden over the pesky brits?

Gambier14,
I appreciating you corroborating my post.
The SP has, for a number of years been driven by Swedish trading and sentiment.
Sadly, the swedes value anticipation more highly than reality, which informed the hope and expectation of investors on this board.

Trapped Suzy2?
Only by your effervescent charm.....

Suzy2,
You can scarcely conceal your delight over my return, can you. You thrive on having a rant. Happy to provide you with the opportunity haha.

3 months ago, I said the concession was already priced in to the SP. At the time, the SP was the same as today. I was battered for being negative, as always.
The long term damage to the confidence in this share that 9 years of unwarranted dithering and dilution has caused, cannot be recovered. It is gone.
Budge needs to produce significant news very quickly. Someone suggested earlier, he needs to start talking to interested parties. He has had 7.5 years already to do that. His ducks should be aligned, and partners primed to expedite a sale or JV this side of the elections.
Before anyone says it, the EIA is, in effect already submitted as part of the additional, voluntary info submitted 4 or 5 years ago.
He has stated on several occasions that the granting of the concession is the only thing holding him back. Prove it.

The Sami represent the worst of Sweden in the 21st century:
Anachronistic, legacy culture, which drains the economy and milks the current fad for green at any cost, uneducated wokism.
Also totally hypocritical, as they use all the technology on offer in their herding activities.
Nothing more than a redundant sacred cow, and a modest tourist attraction.
Reindeer herding should be properly regulated by the Swedish government, like any other livestock business.
How they get away with the way they slaughter their beloved reindeer is beyond me.