Member Info for Pocko

Hilarious... I assumed as much. Probably a boomer to boot?

And no despair... Just facts. You do understand what facts are, I assume? Your posts suggest otherwise

Yes, it's a real jape isn't it? All jolly hockey sticks and that...

Try and put a positive spin on it all you want - But it's another 3-months of financial harm inflicted upon the company.

RNS dated 30th March2022

3-months to drill 3,400m? Again, even with a bit of ESSO working, you'd expect an update? Surely...

"The rig has arrived on the Mitrovica licence and drilling is expected to start on Wolf Mountain zinc-lead-silver ("Zn-Pb-Ag") targets, before attention is turned to the Majdan Peak gold ("Au") prospect. A total programme of approximately 3,400 metres is planned."

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."

You'd think we were due an update? It's nearly 6-months

They have no interest in the project and do not hold beyond the short-term... Enough now.

It means more uncertainty...

Is that how you think it works? Kind-hearted investment bankers buying shares at the market rate? Then why the discount to the SP of literally every rights issue on every share I've owned? Seriously... Sub 3p. Guarantee it...

The SP is currently sub 4p. Every passing month means less in the bank. Where do you think our funds come from?

A fund raise is always at a discount to the market... How else do you think the investor makes a return?

EricDraven: As it becomes more protracted, the greater the strain on finances, the SP and the ability of the board to raise finance, which unless a bond is issued, will almost certainly mean a fund raise at a rate discounted to that of the SP

Not forgetting we now have another CEO to pay?

Good for you...

But clearly the SP and company finances can't...

Sub 3p sweetheart deal for a Nordic investor coming to raise funds. That's the reality unfortunately...

But it's our SP and company that bears the brunt? The government has little to lose...

Exactly EricDraven... And then the reviewing body can sit on it for another indefinite period.

And there you have it... Having already been permitted 3-months to appeal, they get granted another 3-months.

Of course, it doesn't stop BEM working in the background... Assuming that they are?

Markets don't like uncertainty. Simple

And where's the communication from the company?

And EricDraven, by submiting to 'the process', BEM is by the very definition, seeking to have the law applied.

Notwithstanding the fact that the initial exploitation application was submitted in April 2013 - Approximately 12-months before KB joined Beowulf Mining. KB has been a steady hand, and always professional. I'm not seeking to criticize him per se, but he is paid to deliver results. And results are best measured by the SP.

Just a minor point, but to date, it's been the lawmakers and establishment that have been our adversaries. The rule of law has hardly been our friend!

News flow, PR, Investor Relations, Communication, or Public relations... Call it what you will. But unfortunately, communicating your message to the market is essential, and at this juncture, Beowulf Mining PLC is sadly lacking.

Now, it might be that there is simply nothing to communicate, which in itself should be a worry for investors if, as proclaimed by KB, Beowulf is active in several business areas.

Likewise, if there is genuinely nothing to communicate to investors, then it's prudent when trying to build a sustainable business, not to simply feed the market a line (Plenty of Oilers and Frackers would fall into this category). This leads to a volatile SP, and usually Private Investors being burnt and losing faith in the business. But we shouldn't have to second guess every RNS.

Like it or not, the share price is indicative of the value the market attributes to the business. Should a CEO not address the significant decline in shareholder value?

Likewise, should the CEO not actively address the market abuse suffered by Beowulf Mining PLC on the Swedish exchange as a consequence of market sensitive information being leaked by various Government Agencies?

And in that vein, numerous false news articles have been published in the Swedish media, which the Board has failed to address. Of course, it be wholly impractical to challenge everything, and BEM has never been litigious. But positive PR could be deployed in some circumstances? Surely...

This business is currently suffering from 'Project Drift'. Deadlines can of course be a double-edged sword, but without a deadline to meet, how can the market judge progress? If you instruct a company to complete pre-feasibility work on your behalf, would you not insist on a deadline?

When the drills were active at Kallak, or at least we thought they were active, who recalls when it transpired that drilling had been halted, and yet we were not informed? Would it not be useful to have an update from Kosovo?

Finland looks to be an exciting project, but should we not be updated?

Just a few musings...

From the RNS dated the 26 May 22...

"If any shareholder has a question they would like to pose to the Board, this should be submitted to the Chairman via the Company Secretary at: co-sec@oneadvisory.london by 9:00 a.m. on 15 June 2022 at the latest. As far as possible, the Board seeks to answer any questions received at the meeting, which will be available to view on the Company's website following the AGM."

So it's likely that a media interview will follow, with a vanilla RNS stating all resolutions have been passed

I asked a couple of tame questions.