Member Info for Pocko

Don't forget the sweat payday for the Vardar boys... 52 million new shares issued to them. Locked in for a whole year too...

Sit tight, and someone will post about a grand plan and H2G or Lkab (Kallaks natural owner) coming to the rescue.

Share indices and crypto at all time highs, markets still awash with QE and talk of war; and yet these clowns still talk of a challenging climate to raise funds.

A promising company chocked by poor management and leadership; and successive inept governments.

This will be taken private for a pittance.

And not forgetting the Vardar deal, issuing another 52 million shares.

There's confidence for you...

0.61p and not underwritten in the UK.

0.88 in Sweden and underwritten to the tune of 60%.

That won't see us out for the next twelve months.

Utterly derisory.

Not from private shareholders, once they've served their purpose, it will be carved up. Do you think the capex required will be raised via small private investors, or do you think any institutional investor will demand absolute control and therefore the equity (Your shares) in the business? And do you think big business plays fair? Or indeed pays fair?

The board has demonstrated it's inability to achieve a sustainable share price that reflects the companies assets, and so it can be bought for pennies... Literally. Who's got your interests?

And yes Maddog38... It nearly is at zero. Shares to be re-rated at sub 1p, and with a discount to market, the new issue Wil be well below that. But hey, she can keep peddling hopes and dreams. 'LOL'...

Woe me... Maybe think before you type? Maybe read posts in their entirety, digest and fully understand the content and context, and then type. As I said... Small mind.

And you really can't help yourself. Small mind...

You do understand the consequences of the ever diminishing returns? kallak goes for a song and you get nothing. No pin money... Nothing.

As I said, you don't have the intellect.

I don't doubt the Swedish and Finnish assets - Vardar is another matter entirely. And I don't doubt the ongoing works being conducted by both teams. However, the fact that a mining giant such as Rio, or a commodities trader such as Glencore haven't bought the company for £1m, £10m, or even a £100m in what would be nothing more than an accounting error to these companies in terms of the outlay, tells me that it's still so high risk as to not be worth their time. That may change in the future...

Soaking private investors is Bowie's only option... And we fall for it every time, though with ever diminishing returns. It wasn't fully subscribed last time, and it won't be this time.

And with regard to failure, it's a distressed asset. I don't want to see it fail, but I won't personally be supporting the fundraise unless it's beneficial to do so - And at first glance, along with previous experience, I don't think it will be. If I want more shares, I'll buy on the open market.

Ibjj and that other insufferable poster are two sides of the same coin - One actively seeks failure, and the other simply doesn't have the intellect to see it.

Your connecting dots Wotsitworth. This process has never worked in a functional or logical manner. BEM, along with other exploration companies have been issued with multiple permits to explore throughout my 14-year involvement with this turd. The two simply don't marry up in their jumbled thought process. In a normal functioning administration, you would be correct. This is anything but.

And expect a few more RNS in the next few weeks...

Teddy Bowie needs to look busy at least

Not to mention the £75k in October/November 2023.

They won't return the loan... That's the point. And not subject to an RNS, just like the loan taken out to keep BEM afloat. Financial chicanery

Unable to get Kallak over the line, some bright spark decided to obtain another exploration licence.

Around an extra £1m on administration...

Interesting to note that we now 'loan' Vardar money as opposed to 'investing', as we last did in January 2023... Another cheeky £40k in January... Money we can ill-afford.

Post something useful for a change. You really need no help from me or anyone else... dumb as a rubber thumb.