Member Info for Pocko

Over the last 10 years, millions have been raised, and what do we have to show for it?

An exploitation licence and the clock is ticking on that. Approximately 24-years left...

Where is the momentum? The urgency?

As it currently stands there is no evidence that BEM will ever get the ore out of the ground. So why would any company pin their colours to the mast and sign a supply agreement with us? It puts their supply chain at risk.

And we can sign all the supply agreements we like, but it doesn't change the fact that we can't get it out of the ground.

Where's the news from Finland?

And the RNS announcing the recruitment of Bowie does state the following:

... the strategic review of our assets that is currently underway."

So is Röstin undertaking the review? It also talks of a "fresh pair of eyes" or words to that effect in relation to Bowie and the review. It's completely muddled.

All of which calls into question the stated intention to be mining in 2026 - That is not going to happen. But then everything is now in question.

A good call with regards to Grafintec, but again, was the RNS post the review RNS simply miscommunication,and a failure to put the breaks on by Rasmus? We simply don't know.

Some clarity with stated aims from the company, wouldn't go amiss.

I also asked about the relationship between Budhe and the team at Vardar... Röston replied to the effect that he (Budge) had good relations. I of course was implying impropriety...

A nuance of the language missed by Röstin, who clearly isn't reading the room, or doesn't care.

It's only our interpretation of a poorly worded response to a question. We don't really know what's occurring with Vardar - But then we never have. Where's the £3.25m?

Agree sj74... I think that's where we are headed too.

Nothing illegal ever happens on AIM Roller...

And let's face it, the valuation would be easy to document, but difficult to justify, at least to investors.

The money should have been invested in a distressed small scale mining business...

And I'm sure that the new CEO will already have had some input...

And we are not talking big business here. Each business is a stand alone entity with a CEO/MD, in different geographical area, focused on entirely different markets. They should know their business inside out, and should be capable of producing a strategic review - Although I appreciate that the incoming CEO would want an independent perspective.

Even extending the lease option in Finland smacks of kicking the can down the road.

And as for talk of takeovers or asset sales, the company (Including the portacabins, beat-up Nissan Patrol and a few maps that constitutes our £3.25m investment in Vardar), can be bought for around £18m. That's our current reality.

Meanwhile Röstin and his ilk are stealing a living...

And I've noted that one or two cheerleaders are notable by their absence at the moment.

The fact is, this situation is wholly unacceptable.

What are Röstin, Ulla et al doing on a daily basis?

Spending other people's money is easy.

Zero accountability.

EricDraven: In respect of Vardar, the simple answer in my opinion, is that the board know something that I have long suspected. How Budge ever arrived at the valuation of Vardar is beyond my comprehension. And as to what the cash has been spent on, is anyone's guess - It's clearly not drilling.

And to answer Oaktree, cash can be raised in perpetuity. The only people that suffer are private investors.

As for a plan? The situation is laughable. A 6-month review is needed, and yet another individual is brought in to feast at the table. For what purpose? He can hardly implement a plan that is yet to be formulated, so why employ him? I'd love to know the connection to him and the new CEO (Likewise between Budge and the Vardar guys)

And I'm still waiting on a reply from my email to Röstin, where I suggested a call to the FCA and City of London Police might be in order.

As for three successful businesses? I have my own, and my view of success looks quite different to this shower.

My own opinion of course.

Smiling assassins... The country is not quite the utopia they like to present it as. A flagging economy, issues with immigration and integration. They sell a lot of ball bearings though... 😉

I think you know my posting history ED? I've always been upbeat and positive, contributing articles etc, even at the first large capital raise in 2020. But the last 12-months have been unacceptable to me, and my posts have reflected as much. I'll take positives where I see them, and quite frankly, there hasn't been any for some time - The issuance of the exploitation licence being the exception.

I'll accept balanced arguments from anyone, provided that they are fact based and devoid of emotion. I want this to succeed as much as anyone here. Why else would I post? To get a lower SP... Lmfao

Assuming you me by me, yes you are ED as of yesterday, as I figured you might have some reasonable things to say. The mother in law on the other hand... Never learns.

I'd sell it to the Chinese... Just to be mischievous. They're well known for their tolerance on indigenous people and care for the environment.

Seriously though, Kallak would only go for pennies on the pound. He'll, they could be the entire group of companies for Les that £25m at the moment. That's the reality

And yes Eric, a good RNS but the detail wasn't lost on me either.

And judging by the Swedish market yesterday, and when previous RNS are released, I always get the impression that Swedish don't actually read them?

But I still want some clarity on the previous RNS.

Good RNS, but not even on the same page as his colleagues?