Member Info for Pocko

You already have done - I can see that having the last word is important to you.

Bulletin Board Stockholm Symdrome in evidence again.

Your pocket has just been picked, again, but a platitude from the CEO and all is well with the world? Comedy gold.

You missed the 123,161,201 new ordinary shares that will enter the market at the end of June.

Issued at 3p, that’s going to be quite an eventful day for existing shareholders.

And don’t forget the BOD have lined their pockets too…

They will control 60% of the shares… it’s the start of a take-over. Simple as that. They will take it private.

Read the room… I’ve been here longer than you have. Maybe actually read the RNS? Maybe read between the lines? Maybe read up on the history of the company… Just a thought.

And in 18-months when they need more cash? These saviours will step in… it’s going private at some point.

So in a nutshell, 123m new shares issued at 3p and the board get to fill their boots too.

Good stuff.

Eric, will you please read Gruv’s posts on Avanza. It’s all there - All you need to know.

I called the consolidation long before it happened, and now I’m calling ‘we had no choice but to take it private’… statement at some point. As was the case with Baobab Resources for those with long memories.

I’m also expecting to read what a ‘challenging climate’ it is to raise funds for junior explorers’ - Hasn’t it always been the case? There’s an arms race for minerals, and this lot couldn’t score in a brothel with a £50 note hanging out of their back pockets.

Imagine if they weren’t ‘trying’? Scary thought…

Thanks for that Gruv, I’ve only been here since 2010 and didn’t realise that the management had been working tirelessly behind the scenes to add value to the company.

It’s difficult to tell if some posters on here have a form of ‘Bulletin Board Stockholm Syndrome’, or they’re just gaslighting other posters?

Did anyone actually read the RNS yesterday? The company is out of cash in 3-weeks. They are still working on short term finance.

Loans for, and the sale of equity in Grafintec, plus the sale of Vardar all now seem completely fanciful.

My points are borne out of experience, facts and a knowledge of the history of the company.

Its in this predicament for a reason.

Meanwhile, in the real world and 16-years of interest in BEM in my case, we’ve had multiple governments of all political persuasions. None of whom have made any difference to this company and its prospects.

I can’t believe that they are still discussing reindeer ffs. And now Gruv is all excited about (another) election.

I repeat, the company is in dire need of short term finance just to keep the lights on.

4p to sell, and around 7p to buy. That’s the reality.

Proving my point - They are still discussing reindeer.

And still no update on financing.

To be voted on in June? It’s not a done deal… nothing ever is in Sweden.

Without the sale of Vardar, the EIA for Kallak will not be submitted before the end of 2026.

Without the sale of equity in Grafintec, and the loan from the government, the EIA will not be completed in 2026.

Without short term finance, which has yet to be announced, the lights go off.

So yes, by all means invest now for pennies, and you May, just may triple your investment. That remains an impossible dream for long term holders that remained invested.

Rome burns, but people take acception to the delivery and not the content of the message?

And Ibjj is incorrect. It’s not the end. This will be spun out in perpetuity. As the finance guys say, there’s always more dumb money. And there’s been plenty here over the years.

Equity issue incoming - It’s clearly signposted.

The current loan was dilution via the backdoor, and the next will be larger.

The RNS clearly distinguishes between short and long term financing.

And the short term finance will only keep the lights on - Bowie still gets paid though.