Member Info for lbjj

Next fundraise at around 1p. For every £1m raised that’s an extra 100m shares. Crippling dilution.

As an investment, this is a lost cause whatever the government eventually conclude regarding the Sami appeal.

Banner

Seems I could learn a few things about petulance from you.

So you’re the new self appointed censor on here are you?

The freedom to post whatever only extends to those approved by you, eh?

Banner, if you plan to pick people up for not understanding how trades and their reporting works and spouting nonsense, you'll have your work cut out.

There's precious little else posted.

Great for gardening tips, childish comments, soppy poetry and people believing they have real friends on here.

Sad.

Ffs, there’s been 6 trades all day. What does it matter? The SP is on it’s a*se. Let there be no debate about that.

The recent flurry of RNS activity is no more than a weak attempt to justify the existence of activity ahead of the imminent cash call.

The Kallak RNS was simply an administrative tidying up of the geography identified long ago.

Vardar, almost a full year n from giving them another £250k on top of the £3m already squandered, and they’ve managed to fly a drone around and dress up the paltry effort as”encouraging” It is not significant in any way.

Back to sleep zzzzz

The Sami appeal decision is months away, if not a year or more, and Sweden will be gearing up for yet another election before long.

People ask why no movement in the SP, other than downwards. Come on, nothing is happening really is it?

Smoke and mirrors.

Exactly, Pocko!

I invested in BEM with the timescale of a payoff when I turned 60. I am now almost 68, and the SP is 88% lower than when I first bought in early 2010

Long term global economics means nothing right now. Clutching at straws as I anticipate a cash call very soon.

Perfect timing for the Sami as the swedish government is so weak, dysfunctional, wet and woke.

A capitulation to a UNESCO backed ethnic minority is very likely.

Good grief, Eric! Do you ever sleep. Posting incessantly round the clock is unhealthy in the extreme.

The weather is good. Get some fresh air and switch your phone off. I promise you won't miss anything

Take care, Eric.

eric,

i fail to see what reason you still have left to believe a word they say!!

all evidence points to it all being a big fat lie.

have they said what the parameters are for the review? no

have they said what, in each of the 3 projects is being reviewed, by whom, or how? no

have they come clean about why ulla left, or the real reason budge is gone? no

the positive meeting the new ceo had at vardar: what made it positive? what came out of it? no details given, because they have nothing to say.

it is all bull****, eric.

Eric,

I've lost count of the times you've ( quite properly ) questioned the need for a 6 month review.

There is no 6 month review

These muppets are simply bereft of ideas or the ability to formulate a plan, so are keeping you at arm's length while they steal another 6 months wages.

Write this off, Eric and forget about it.

It's done.

As BEM own 60%+ of Vardar, the relevant % of Vardar’s current cash balances should immediately be retrieved for use to progress Kallak South and Finland as was originally planned.

To summarise the RNS:

The directors are grabbing what cash there is for ourselves as there is no prospect of any progress at Kallak, in Finland or Kosovo.

And we'll be needing more cash shortly.

Eric,

Her brief was simple, tight and specific and she did not deliver. All conjecture beyond that is pointless. Any wages and options afforded to her were wasted, as was a lot more cash on Vardar, late payment fines, continuing to pay Budge etc etc.

The new CEO needs to account to investors for all this waste and directors abject performances.

Ulla was clearly not fully engaged with the process of preparing the EIA application.

Working on it for over a year should have put the company in the position of having documentation ready for submission, and not to put it in the bottom drawer!!?!

And what is this utter rubbish about her creativity being stifled?

She had one task, and it was all about facts and figures, accuracy and compliance. Creativity is not required.

Having seen and heard her, in my opinion, she is unhinged.

Pocko,

Yes I know you have, but investors need to mobilise against the BEM and Vardar management and demand answers. Swedish investors are far too passive.

Criticism on this board won't make the new CEO change tack.

There is no doubt that the millions pumped into Vardar is at best, questionable, and quite possibly, fraudulent.

I have a simple question:

The most recent fundraising and a further, and specific allocation of £250k to Vardar for a spring drilling campaign, which has not happened. BEM shareholders and the new CEO should be all over this. Yet I see no evidence of any demands for accountability.

Why?...

Eric,

Of course you want this to come good, understandably. What investor wouldn’t.

But sitting on your hands and hoping has got you nowahere. Same as Bugde’s wait and see strategy got BEM nowhere.

The difference is that Budge was prospering from doing nothing - at your expense.

Write off your losses and move on. I dread to think how much emotional energy you’ve wasted on all this.

Best of luck and best of health anyway, Eric.

Eric,

For goodness sake, give it up. This went t*ts up a long time ago.

There won't be a mine at Kallak in 6 months, so that blows that theory out of the water.

Eric et al,

I really believe this has gone well beyond it being worthwhile going through every past RNS to find clues as to what might be going on. Or dreaming up wild scenarios as to what might be happening in the attic above the library.

It is pretty obvious to me that Budge has fecked this up big time and left a ragbag of 3 unworkable situations, which he had no idea how to progress and neither do this new lot.

In my opinion, they will milk this for their own benefit until the money runs out and then have a fire sale, walk away and never look back.