Member Info for Pocko

I'm right... Night shift. I knew you'd be a worker ant.

Must smart knowing 'The Boss' has walked away having driven your investment to the wall.

And I'm making valid points...

How's the night shift working out Eric?

I bet Budge isn't working nights to make end meet... He's got your dollars.

And your answer is to identify me Andrew... Tu Tu tut..

Hilarious... A typo working on a phone. Is that all you have?

And I'd have a look at your posting history over the last few weeks with your mother in law... It's hilarious stuff.

And no, I don't have the answers to those questions, which is exactly the point.

Get a life EricDraven.

Agressive? You mean I unpick some of the utter nonsense that gets posted?

And we've got the bare details on progress across all projects.

And yes, they 'could' be sold as sole entities, just as I 'could' win the lottery.

I do wonder if you actually read the RNS... Because I certainly do.

Vardar to start drilling in spring 2023 - Have they?
Kallak PFS to commence Q2 2023 - Has it?
Who funds the new JV with the Ukrainians?

Just a few obvious questions for which you have absolutely no answers.

As I said, if Kurt said it, it must be true.

Your blind faith is utterly frightening quite frankly. And the echo chamber in which you participate is laughable.

Sorry I forgot... Our 'independent' businesses are 'poised' to do well. So we should be ok...

And I'm wondering how long the £6.3m (Gross) raised during the latest round of financing will last?

Notice it's gross and not net, as those actual figures aren't available - Guaranteed we paid through the nose for financial services.

For perspective, BEM lost £2m net in 2022. It's not going to last long, and then what?

They are not independent businesses though, are they? They all rely on the largesses of private investors.

And since when has Budge delivered anything? Improved newsflow? Shareholder value? Even the exploitation application was submitted by CSP.

But if Kurt said it, it must be true.

Something has clearly occurred Hasty...

Probably best that you simply take it at face value that Budge suddenly wanted to pursue other business interests or spend time with Mrs Budge?

Just as he was about to board the plane...

It doesn't alter the fact the the other CEO's are largely anonymous, and we no longer have a figurehead.

And yes, the Chairman of the board along with non-executive directors can remove a CEO.

They provide oversight...

Very magnanimous...

And it is only May, so all is not lost is it?

I'll wait for the 'but it's only June/July/August/September posts, closely followed by, 2024 will be transformative... And it's only money.

Wake-up... The SP is 2p and Budge has deserted his post.

What changed from yesterday morning and the issuance of the RNS to 1815hrs yesterday evening?

Unless there is a plan, and in general I've seen little evidence to suggest there is, it's a shabby thing to do.

Just more uncertainty.

And the last 13-months?

Budge was caught in the headlights when the concession was awarded.

Standby for another round of options and a nice payrise for the incoming CEO.

Transformational year? It's now May...

Investors have been repeatedly told that the company is in good shape... The SP does not reflect that position - Does it?

How anyone can defend performance, and therefore the SP is beyond me.

So unless there is someone else in place, Budge has well and truly abandoned his post.

The CEO drives business...

The chairman is essentially like a school governor and provides oversight and... Governance.

I assume you understand how a business like this is structured?

How's the 'sit and wait' policy working out?

The SP is 2p and can always go lower...

And to reiterate, 12-hrs ago he was due to participate in a mining convention...

What has radically changed in 12-hrs that he can't oversee a transition to a new CEO?

He's dropped BEM in it...

It's a red flag, not merely interesting.

A Swedish CEO will almost certainly be appointed, which could be a good thing, given the reference to location (country) and the next phase of development...

My money is also on a de-listing from AIM and a rebranding of the company. Not good for UK investors. Dual listings are expensive, and the xenophobic Swedes have clearly had issues with a UK parent company.

Interesting?

This morning he was participating in a mining event in the capacity of CEO, and 12hrs later he's leaving the company with immediate effect?

It sets alarm bells ringing quite frankly.