Member Info for Pocko

Potential resolution to the transport issue...

https://www.di.se/nyheter/trafikverket-vill-ta-miljardlan-for-att-losa-jarnmalmsstrid/

I think we'll see more frequent news... Certainly from Grafintec.

Hearing in a few weeks for Kallak - And it's just that, a hearing. The information has presumably been submitted by the interested parties, and reviewed by the Supreme Court. So there could get a quick outcome, or it might be months? Either way, I expect an RNS in respect of Kallak soon after the outcome is made public - Whenever that might be.

Good RNS... On point.

Maybe a fundraise at 2.06p drove the SP down? It can't possibly be the fault of management can it?

Never underestimate the other person's greed.

These people have mortgages and school fees to pay, and ultimately, that influences decision making.

As I've stated many times before, it's easy to spend other people's money. Bowie gets paid regardless.

Walking around in your kaftan, humming to yourself and generating positive energy doesn't quite cut it I'm afraid.

In a nutshell... sj74.

The thing is sj74, the closing statement is just a cut and paste...

"The focus of the Beowulf Board and management over the coming months is to advance each project and begin to realise their underlying value. I would like to thank the Company's shareholders for their ongoing support and look forward to providing updates to the market in due course."

It's just words...

Where to begin… I'll start with these little pearls.

"Much of the Company's exploration costs are in Swedish Krona which has weakened against the GB Pound Sterling since 31 December 2022."

£140k currency loss? Wasn't most of the last fundraise in Krona?

"Professional fees increased primarily due to non-recurring advisor fees in relation to the directorship changes within the period. Directors and staff costs increased primarily due to recognition of Mr. Budge's gross settlement amount and additional consultancy incurred."

Consultancy fees for Budge?

Was he not handsomely rewarded upon his sudden departure?

"The consolidated loss before tax for H1 2023 increased to £1,799,616 (H1 2022: £683,607). This increase is primarily due to share-based payment expenses of £238,843 (H1 2022: £Nil), professional fees of £405,196 (H1 2022: £139,469), directors and staff costs of £424,875 (H1 2022: £168,361), and a foreign currency loss of £199,393 (H1 2022: £28,989), combined with finance costs in relation to the bridging loan of £195,304 (H1 2022: £Nil), which was fully repaid in the period."

£1.8m spent on staff costs in 6-months?

And is it a currency loss of £140k or £199k?

This is driving the company to the wall.. not comments on this bulletin board.

And a further fundraise within 6-months is on the cards, even with a reduced cash burn, after some one-off costs in H1.

Does the net cash include that held by Vardar?

And have work streams ceased or not? The contradictions are staggering.

I've not spent the last couple of years posting how great things are though. The boss? Hilarious...

Post something worthwhile, or don't bother.

I think you've been on the gin... Back on the naughty step for you.

Strong comeback... Dumb as a rubber thumb.

There's no argument.

The SP is 1.45p

What more more evidence do you need?

Desperate?

Interesting stuff aug59... But other than tenuous links between industry leaders, there is absolutely nothing to support your posting.

And here's a simple fact for both of you: The last fundraise would not have been necessary had Budge not invested £3.25m of company money on Vardar since 2018, the valuation of which is being called into question, and rightly so. BS you say? Prove me wrong.

The pair of you have been on the wrong side of the argument for sometime.

That didn't last long did it? Not so much a holiday, as a weekend break.

Kallak is located away from this new conservation area. Makes for an interesting read.

https://www.svt.se/nyheter/lokalt/norrbotten/40-ars-kamp-over-unika-gammelskogen-i-jokkmokk-blir-naturreservat--v9tvuq?fromwidget=systemmedium&fbclid=IwAR14wSW1ACRPh2W5G4ZIQb2SRl5MmjQLr5059BEwYZ99VdJNGsfYEJEDvyI

Unfortunately, if you're standing still, you're essentially going backwards. A business like this needs progress, news and regular updates.

A masterplan will be forthcoming at some point, no doubt with more funding required. It's currently just a vehicle to pay salaries.

But to reiterate, I expect a learner and smaller company to emerge.

From memory, I don't think that the company has ever directly referred to the appeal by the Sami. But my guess is that we will get a steer on things when the outcome is known from the Supreme Court hearing on the 19/20 September.

Do we think Röston and the board of directors will have employed someone (Bowie) more competent than themselves?

Just a thought.

She could have left with a little dignity... Instead, barbs. If I'd achieved nothing in a job for 18-months, I would have left quietly through the back door, but not Soundbite Sandborgh.

Soundbite Sandborgh... If only she'd been a little more communicative when in post?

It's probably in the company accounts published on the website. I'd hazard a guess that Vardar has been the most expensive project of the three to date, even though our involvement only started in 2018.

I just foresee a slimmer and leaner busines... Though we aren't exactly a behemoth of the mining world are we? So why it would take a 6-month review...