Member Info for mak0127

The Company’s cash position as at 31 October 2020 was approximately £756,000. In the event that the Company raises funds in the Capital Raising in excess of the Minimum Net Proceeds, the allocation of capital will be dependent on the results of the workstreams that are funded in the table of expected expenditures above and the circumstances at the time e.g. if DRILLING IN KOSOVO delivers resource grade intercepts, which supports resource drilling, then additional funds will be allocated accordingly.

Why not e.g. If the Swedish Government flatly refuses give us the green light, then additional funds will be allocated accordingly.

I know about this surplus £3M+ but there is no detail relating to allocation in the Prospectus, or is there?
Not forgetting the total estimated costs and expenses of approx £1.2M based upon full take up.

The Company expects to utilise the Minimum Net Proceeds from the Capital Raising over the next 12 months as follows:

Percentage of Minimum £ Net Proceeds

Repayment of the Bridge Loan £1,100,000 39%
Vardar – drilling of exploration targets defined by 2020 geophysics £719,000 26%
Fennoscandian – Aitolampi scoping study, pilot plant/test mining studies £430,000 15%
Kallak – drillings,scoping/technical studies £204,000 7%
Working capital £363,000 13%

Total £2,816,000 100%

Why wasn't any money from the Capital Raising allocated to legal action re Kallak?
From December 22 there will be 172 Million shares shy of ONE BILLION.
Will the next Capital Raise (I am sure there will be one) include legal action against the Swedish Government over their failure to deliver? As KB has pointed in a previous RNS, the sp is more or less based on Kallak, yet only 7% proceeds of the fund raise will be allocated to Kallak as above.
Am I missing something?

Who could possibly forget Delt?
He came and went like a nasty cold but, unlike the nasty cold, was never to be seen again!
I have always wondered who he really was. Someone once suggested on here that he might have been ed44!

£2.95 monday

KURT SHOULD SAY AT THE VERY LEAST THAT EVERYTHING IS GOING ACCORDING TO PLAN!
NOT JUST LET THE SP SLIDE INTO OBLIVION!
IS THAT OK WITH YOU SUZY?

This situation is ridiculous! When the sp was rocketing, I distinctly remember Kurt issuing a message about no decision etc.
WHEN THE SP SINKS SLOWLY BUT SURELY ON NO NEWS, HE SAYS NOTHING!
WHERE ARE YOU KURT???????????????????

Down again today on ONE TRADE!!!!!!!!!!!!!!!!!
What on earth is going on?
Kurt????????????????????

Last news was on 8 July yet we are losing sp on no news and looks like we are heading for sub 6p.

I blocked this nutter a long time ago.
If all and sundry did the same, no more ibjj and no more idiotic comments!
GLA

'patient for a little while longer'!!!!!!!!!!!!!!!!!!!!!

How much longer?????????????????

The way things are STILL going, most of us will be in our BOXES before there is ANY DECISION!!!!!!!!!!!!

Clive KNEW this would go on and on and on and on and on and on....................

That is why he handed over to KURT! (OMG)

I've said it before, and I will say it again: WHAT AN ABSOLUTELY RIDICULOUS SITUATION!!!!!!!!!!!!!!!!!!!

KURT........READ THIS.......... EARN YOUR SALARY AND DO SOMETHING USEFUL RE KALLAK!!!!!!!!!!!!!!!!!!!!!!!!!!!!

After reading his 'contribution' as above I have decided to filter the ********.
This share WILL come good.

I never thought I would see 5p again! This is ridiculous!
This is a very sad and frustrating time for BEM.
Where are you Kurt???????????

This share, LIKE MOST AIM SHARES, was pre-determined to DROP DRAMATICALLY. There are some in this business who, how should we say, aren't 'on the level'. The big players and their cohorts elevated MANY AIM SHARES TO UNREALISTIC LEVELS after the collapse in 08 in order to attract PIs looking for a fast buck and then sell up. The good news is there is ANOTHER WORLD RECESSION ON THE WAY, and this one is apparently going to be far worse than 08. Let us pray that the big players duplicate their previous move. http://www.moneynews.com/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/

This is the only RNS VGM is capable of at the moment. I am wishing I had never seen that article written by the Sunday Times! I was sucked in probably like so many other 'novices'. 4 July 2011 AIM: VGM Vatukoula Gold Mines plc ('VGM' or 'the Company') Total Voting Rights For the purposes of the provisions of the Financial Services Authority's disclosure and Transparency Rules, the Company's total issued share capital at the date of this notice is 88,495,839. The Company's issued share capital consists of 88,495,839 ordinary shares of 5p each, with one voting right per share. There are no shares held in treasury. The total number of voting rights in the Company is therefore 88,495,839. The above figure of 88,495,839 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.