Member Info for lbjj

Well, let's imagine it's colonel Mustard with the lead pipe, eh?

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.

Ha ha ha ha

Amateur hour.

Proving Budge was a BS merchant.

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.

Maybe Budge has fled to elope with Suzy2! How daring, romantic and obviously exciting!

And you can knock at least another couple of million off that for the repayment of the bridging loan in Feb.
I reckon the true net figure is around £4m

Let it go Suzy, your idol Budge has for sure!
You’ll have to find some other stooge to get emotionally attached to....

He's gone because he knows his stupid talk of 'transformative years' and a mine at Kallak in 2026 he is never going to deliver. Similarly the processing plant in Finland.
None of his pipe dreams would have been delivered by him.
Seriously found out and glad to see him go.

Budge has trashed your investment, achieved so little in 8.5 years, and, strategically and functionally he has been a liability for over 5 years.
He was taking BEM nowhere but down.

Good grief!!!
Same waffle, same empty promises.
And the amateurish, stuttering interviewer did not ask the obvious questions:
How are you going to achieve any of this without a buyer / partner, funding, workforce? Who is paying for the mine construction at Kallak, and the production facility in Finland?
Ironically, it seems the thing Budge is most proud of is the exploitation application, which he had nothing to do with.
Budge is an embarrassment.

A third of the way through what Budge promised would be ( another ) busy and exciting year and zero progress other than a partially successful fundraise.
" I'm alright Jack " says Budge as he pulls the duvet back over his head.

Suzy2,
Without a mine at Kallak, there is no need for a rail extension at all, so it’s not the inlandsbahnen, but BEM who will be held to account by the Sami.
And, as I said earlier, nobody believes for one moment that BEM will have a mine at Kallak. The ridiculous 2026 assertion has already gone. Budge misses the target every time, doesn’t he?

I should add that the endlessly pending Sami appeal against the mine at Kallak May well include an objection to the essential 40km rail spur from the existing main line to Kallak, which would disrupt the reindeer migration much more than the mine itself.
All this should have been boxed off during Budge’s 7+ years hanging about waiting for the concession.
And I will say again, the £3.5m blown on Kosovo in this context is criminal, in my view.

The fundamental issue for investors and the Swedish authorities is that whatever credibility the company ever had is trashed through the neglect and mismanagement of Budge and now Ulla.
Anyone who has the ability or influence to affect this moribund situation positively just does not believe in BEM, specifically those supposedly managing it.

During the 7+ years Budge sat waiting for the concession, he stated on a few occasions that infrastructure to swedish ports by rail would be no.problem due to the proximity of the Inlandsbahnen to Kallak!!
More hot air and presumptions from him without actually doing the work to satisfy anyone that this would actually happen.
Amateurish.

At the root of this stagnation is the enduring fact that Budge has no idea how the change this appalling situation for the better.
Any long termers posting here are unlikely to be more clued up than you, Eric.