Member Info for Pocko

Well received in Sweden... Down -9.16%.

With little financial scrutiny....

Vardar publish their financials in September, which will at least show cash burn for the last financial year including cash-held.

From the RNS dated 11th January 2022

"The MoU gives the JV partners 6 months exclusivity to Plot 18, with an option to extend by a further 6 months, to develop GVA10, conduct technical and environmental studies, and initiate permitting discussions with Finnish authorities"

I agree... But it's guesswork on our part again.

Grafintec is the big hope, but only because Epsilon are onboard. But again, where's the pathway?

It's a money pit... More investment will be made imminently. It's as good as signposted in the RNS. And for £3.1m, all we have are some drill results that will likely be insufficient for a mineral classification.

Diversification is great, but we have a non-cash generative business financially supporting another cash-hungry business... Who pays ?

And £3.1m hasn't bought BEM a great deal to date. Standby for more investment in Vardar.

You asked a question - I answered it.

Suzy2... If the environmental permit application is submitted on or around Q4 2023, there will be scrutiny by the environmental court, taking us into... 2024.

The scoping story which is preparatory work for the application wil be completed Q4 2022.

It's not a quick process ..

And as I've stated, likely another 12-months for the application to be considered by the environmental court So we're looking at mid to late 2024 or thereabouts.

Having the temerity to pose searching questions? Is it not the responsibility of an investor?

The only fixed date is the loan repayment.

Put another 12-months on the potentially 14-months until submission, for the government or environmental court to then sit on our application, and it looks even less 'exciting'.

KB needs to pull something (maybe a rabbit) out of the bag in respect of Finland.

It's not in any RNS in the last 12-months that I've read...

And the loan requires repaying in February 2023. There's a timeframe for you...

No timeframe = Project drift

And as to where it states '2-years' to complete the environmental application?

From the 4th July 2022... Save guessing.

"Currently, the Company is working with ESG, environmental and engineering consultants on environmental baseline studies and the completion of a Scoping Study timetabled for Q4 2022. "

Progress is judged by the market and reflected in the SP. Anything else is intangible if not subject of assessment against some predetermined criteria - To date, anything contained with recent RNS has yet to materialize.

What's frequency got to do with content Gambier? A poor argument... a little like your own posts.

And Suzy2, you are on the outside looking in, therefore the SP is clearly the only way to value or judge a company.

The SP is the only irrefutable measure by which to judge the company.

The only tangible or measure of success at this juncture, is the SP. And yes, the projects are exciting, particularly Kallak and Finland, but the SP does not lie.