Member Info for lbjj

aug59,
Are you, by any chance a fan of the work of James Joyce?

The scoping study was supposed to be one of the so called inflection points and yet the SP never broke stride from it’s steady decline.
I don’t see the PFS being any different.
If only the Kosovo money had been drilling the chuff out of Kallak these past 3 years.
Shocking decision priorities, in my opinion.

And every comment is relevant and valid.
If, by some miracle, Budge turns this around, I’ll be happy to acknowledge his input.
I am sick of him telling us what a busy year is in prospect and then watching him trot out the same generic pap at every interview. Where’s the new stuff that’s keeping you so busy?
At least he’s dug his suit out from the back of the wardrobe!

.....and it’s the same info as all the other interviews over the past year or more.
Maybe Budge works on the tax year, so Q1 starts on Thursday?

Maddock,
You make out that you are privy to information, the disclosure of which would lead to you being investigated by the FCA.
What precisely are you asserting?

Eric,
I am going to speak plainly and honestly to you and hope that you accept my comments in the spirit in which they are offered.
Suzy2 will be all fluffy and charming with you as long as you show no dissent to her deluded ramblings.
She will turn on you as she turns on everyone who is realistic about Budge's fundamental failure.
You deserve better friends than that.

That is not a schedule, is it Suzy2.
It is no more than a hope with a year pinned to it.

Another bonkers post, Suzy2, to say that the SP is irrelevant. This is an investment. Of course the SP is relevant. It is fundamental - a barometer of the abject performance of your beloved CEO, who, in any other position would have been given the bullet yonks ago.
So, in summary you believe everything is progressing on schedule, even though the schedule is unclear, and the SP is irrelevant.
Many people reading such dangerous and deluded nonsense should be offended, including Eric, who has staunchly stood by BEM and you.
In my opinion, he is misguided on both counts.

Environmental permit submission until the amendments was 6 - 9 months away. It's n ow 9 - 12 months away!!!
WHY?
Budge has in several occasions asserted that much of the work was done by virtue of having such a gold standard application for the exploitation concession?
Now he has a fellow director exclusively assigned to this task, it should be completed faster, not slower.
The time for hoping for an upturn and excusing shambolic performance and communication has passed.
Budge needs a rocket up his backside.

Indeed Stratosfear.
The perils of typing with fat, old fingers in a moving car.

Someone has just bought 500000 shares for well 7nder a grand.
Let that sink with in.
But hey, it’s all so exciting and everything is on track and on time.
Enough!!
Either call this for what it is, or keep quiet. There is no talking this up with any credibility.

Suzy2,
That is, by some margin, the most bonkers post I have ever read.

Eric,
It is not a huge hierarchy that Budge has to manage. Two or three individuals, who should be joined at the hip and updating each other on a very regular basis.
Re not running key tasks sequentially, isn’t that just obvious??
He’s got the budget, although, as I’ve said, he’ll soon be chucking more money at Kosovo.
It’s almost like Kallak is on the back burner, when that is the single area which could, if properly managed, bail you out of this junk share debacle.

You might conclude that Budge is being deliberately vague in order to avoid awkward questions when nothing happens.
Believe me, he is not that smart.
He simply can’t put a timeline together as he’s lost control.
And why must one task be completed before starting another. There is nothing stopping the company running tasks currently, in my view.
I thought that is why Ulla has been employed?

Aug59,
Anyone can deliver results?...
Are you crazy. After 8.5 years, Budge has failed to do so.
I am under no obligation to back up my criticism of his claims to be in substantive discussion with potential partners for Kallak. It is Budge who needs to produce hard, factual evidence of any partnership - finance, timescales, how the partnership will be structured. But as usual, you get nothing of the sort.
Reading your posts is as dispiriting as reading Suzy2’s vacuous claptrap.
I feel like I’m being sucked into the deepest pit of hell.

I’m starting a book on the content of the next RNS.
I say it’ll be another cash injection for Kosovo.
Over to you......

Oak tree,
Budge took over ( sic ) in October 2014, since which time he has earned approx £1.33m in salary plus shedloads of share options.
SP when he took over not much different from today.
Don’t forget, he didn’t even submit the application for the exploitation license, which was lodged 18 months before he landed.
Shares in issue were approx a quarter of today’s figure.
He was not expecting to receive the license, clearly, as he had nothing planned for the immediate aftermath.
He has, in the past 12 months asserted on more than one occasion, that he is in substantive discussions with significant partners for Kallak. I don’t believe that can be true.
He has squandered £3.5m on Kosovo, for what? A few mediocre drill results, which say so little.
Imagine what £3.5m could have done to further prove up Kallak, both north and south.
Budge made a huge PR error when trumpeting the scoping study waffle. He would not shut up about a 14 year mine life. Crass, naive and stupid. 14 years = nobody is interested.
Finland is a basket case. I am completely bewildered as to what, if anything, is happening on the ground. Who is paying to build the processing plant? Who is paying for the workforce? Who is paying for the raw materials? Why isn’t Budge progressing the exploitation license?
After 12 months in post ( daft salary plus shares ) Ulla hasn’t achieved anything tangible. Did the PFS require a full blown director for what is a clerical exercise? Not in my opinion.
I could go on, but I’ll sign off by reminding people that Budge’s weak and stuttering ( still ) presentations to fourth rate media companies and Swedish old folks homes are still the same presentations he was giving 3 or 4 years ago. Pathetic.
Smoke and mirrors doesn’t come close.
Still, Suzy, to day is the spring equinox, so tomorrow you’ll be 1 hour closer to the next shovelling of your dosh over to Kosovo.
Tinpot BS merchant, your mr Budge.

So you've dug deep to fork out for more junk shares at 2.06p to keep Budge in comfort. The shares are already worth less than 2p.
Talk about this coming good is a fantasy.
The appetite for green, high quality product would be nice, but the Sami, Thundersley et Al are running the show.
If the weather forecast says sunny, but you need an umbrella, it's raining, isn't it?
Please stop hoping for the best. It is groundless with this company.

ADF,
Since 22.03.2022 the SP has crashed by 90%.
The CEO should have stepped down.

Come on, Eric. Surely you know how this works by now?
Budge has his cash ( well, 73% of it ), so he feels no compunction to progress with any urgency any more.
Incidentally, the bridging loan was due to be repaid last month. No mention of that either.
I don't realistically expect anything for 6 months at least, other than more cash for Kosovo.