George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The fundraising price will be around 1p!
If I see one post saying it’s a great opportunity to get in at the bottom, I will scream.
How many were stupid enough to say that at 3.16p and 2.06p.
The board are a bunch of shallow, self-obsessed lying incompetents, with no consciences.
They have to sell all 3 parts of the business and get a proper job.
Ulla clearly is already effectively redundant after yesterday.
I could very plausibly conclude that shutting up shop and appointing a money man, rather than a miner as CEO, he is in post to oversee a fire sale before the next fundraise.
That fundraise would add approx half a billion shares, effectively scuppering any payday for private investors. It would also struggle to be anything like fully subscribed.
Good god!
No review is required. For months, they’ve had nothing to do but review, as clearly nothing rational has been happening.
The appointment of a new CEO in a situation of the former incumbent leaving suddenly is to avoid losing momentum, surely. What little momentum existed has today been halted for absolutely no good, operational reason.
Scandalous. This is indistinguishable from a scam.
Even with the appeal denied, the arithmetic just does not work.
For investors underwater now, breaking even is a pipe dream.
The current and falling SP, and the née to raise funds before the end of the year at 1p or less means this is no more than a terminal spiral for investors old and new.
Best to get the lot sold.
All perfectly valid, true and factual, Pocko.
The most unpalatable fact is that BEM and it's ragbag of synergy free 'projects' is now no more than a monthly paycheck plus zillions of shares to a handful of people who know this is going nowhere.
Just sell the whole lot to the highest ( sic ) bidders and forget the last 15 years happened.
I fear for Eric's sanity. A sincere, inclusive bloke who believes in fair play, which sadly doesn't exist on the AIM market.
BEM has continued to stagger along purely due to what is in the ground at Kallak.
And in the ground is where it is likely to stay with the lazy, greedy board you have now.
It's the Suzy and Eric show!!
And on today's show Suzy and Eric will be making it up as they go, whilst complimenting one another on their amazing BEM investment!
Unmissable.
Meanwhile at JIMAB hq, in a library ( how apt - silence haha ) literally nothing is happening, meaning our two obsessed posters are left to their own wild imaginings.
Eric,
I’m sorry, but Budge’s record has brought nothing but a downward spiral for investors. There can be no defence of his woeful performance.
Your near hourly clamour for news is pointless. News will make no difference to the SP - did it ever? The only bull runs were down to sentiment, rumour , greed and unfathomable expectation.The only news which will raise the SP from the current abject position is action - a sale or JV, ie money coming in from third parties who know what they’re doing and can spark some life into the corpse of BEM. But who would want to?
Budge’s inertia has lost any momentum the company ever had.
This morning’s RNS is just so depressingly amateurish. Appalling.
To say Budge had grown complacent doesn’t come close. He sat on his hands for 8.5 years, indulged himself ( and his chums ) using your money in Kosovo. Who knows what Finland is all about - smoke and mirrors in my view.
Too much downward dog and an absence of upward SP.
Look Eric, it's always the case that anyplace with the previous VRO's name on are scrapped and the new boss brings their own plan.
Question is who os the boss? And has this person even got a plan?
Budge was fired, so any of his uttering are discredited by default - and quite rightlyon his case.
...is now an insipid, sort of new age self help group!
The idea of friendship between posters is ridiculous. All you want is someone to reinforce your feeble posts and believe ( in some cases ) your imagined lives.
Quite frankly, the absence of communication is just normal, and won’t change while BEM are alone with their 3 floundering ‘projects’
A cursory glance at the company’s situation by any moneybags mining co would quickly confirm that any discussion re JV or purchase is a non starter.Might as well let BEM get as much of the PFS and EIA done before getting involved.
Kurt was a useless CEO, an unconvincing bag of wind, who was found out every time he was interviewed or presented. No cogent plan, pie in the sky ambitions and scatter gun activit8es without focus. Really amateurish.
A high quality deposit with a mining concession represents potential and nothing more without the wherewithal to realise that potential.
BEM lacks all the ingredients necessary for that realisation.