Member Info for Pocko

Kurt Budge... Where's our £3.25m?

-20% on Spotlight. Thieves and Grifters...

It wa up 3-4% in Sweden, until they actually woke up. Quelle surprise. Now down 11%.

Still, I'm sure things are being discussed in the background? Joke

The chairman's role is to ensure good governance. So what does that say about Röstin? Given that during his tenure, the work streams of Budge now need a strategic review?

And what does this say about Bowie, so keen was he on our prospects, that it now takes 6-months to review them?

I'm sure some will 'read between the lines', but this is poor.

Hilarious...

"This strategic review will take approximately six months to complete, and we then look forward to updating the market on our revised development plans and timetable including the environmental permitting process and application which is no longer expected to be filed this year."

And his current directorships are in Finance, so expect some nice sweetheart deals for him and his mates at the next capital raise.

A zombie company.

Still taking salaries though.

A zombie company.

Still taking salaries though.

Exactly sj74... And this CEO seems to be wholly focused on reviews and capital raising. The whole business has been completely mismanaged.

It's been signposted for 6-months. I wonder how our friends on this board will try and spin this?

Mining in 2026? Now impossible...

New CEO finally - Ed Bowie... Lots of experience of fund managing and capital raising. Lovely...

Watch the interview again...

As for strongly worded letters, I seem to recall he went through a spell of intensive letter writing. Scary stuff for a Minister on the receiving end.

You view his tenure as a success - I don't.

Notwithstanding the fact, that even by his own admission (Remember the BMR interview post award), he was caught in the headlights by the issuance of the exploitation licence.

That confident was he of our prospects, so who has he been talking to exactly?

Canny no doubt... Canny enough to spank £3.25m of investors money on his university mates project on Kosovo. A bit like Agricola, we'll probably never know, will we?

The exploitation licence, whilst granted under his watch, the actual application was submitted by CSP.

He's proved adept at raising money to the detriment of investors, spending it on projects that are years away from any yield.

Your belief, based on the content of several regurgitated RNS over several years, is clearly not a belief widely held by the market.

I too used to take the RNS at face value.

The SP? It remains sub 2p.

How many RNS have included the reference to 'potential partners' in the last few years? Which has come to what exactly?

We are the very definition of a zombie company at the moment.

Budge resigned on the 3rd May, almost two months ago. As we enter Q3, that's the only thing of note in 6-months.

I'm sure 'secret' things are happening in the background, so secret that they are not legally obliged to announce it to the market?

Expect the RNS to ramp up as the fundraise signposted in the last RNS approaches.

Who's finding it difficult to understand why the SP is at historic lows?

It shouldn't be, but is, due to poor management. To argue otherwise, I find difficult to understand.

Are Vardar drilling yet? Don't get much bang for our buck do we?

Investors should be holding the Board to account over poor performance, not arguing over the semantics of the RNS, or in this case, a lack of meaningful RNS to months.

The pitiful SP tells its own story and is the only irrefutable fact.

Sj74... Should be on with important stuff, but who knows? Guesswork.

The SP reflects market confidence.

How many times can they discuss the same thing? All talk and absolutely no action:

https://www.tn.se/naringsliv/29522/expert-glads-at-utredning-om-miljotillstand-finns-nagra-orosmoln/?fbclid=IwAR1vc6UnLEgmKud2L9pky9E04A5Hcb7kST1sQQLaJWGBl5CgqjtrHLQ0_JU

Very communicative prior to and when raising finance....