Member Info for Pocko

Broken record... Everyone's a grown-up here. Why you persist in pointing out some fairly obvious things is beyond me. But thanks anyone old-bean.

I know what you mean lbjj... Nothing worse than a broken record.

More if the same most likely... That said, the issuance of the exploitation licence is a major thing in morning circles, so that will no doubt be the focus.

In my experience projects without timeframes drift. That's my concern now... And I fully appreciate that timeframes also also be ones undoing. But not if it's measured against SMART. Specific, Measurable, achievable, and realistic within the Timeframe?

Cheers EricDraven. I'm not expecting anything revealing...

I seem to recall that KB was due to present somewhere on the 12th May, but can't seem to find anything. .

Finland or bust... It's the new mantra

Kallak or bust - Swedish sentiment drives this share. And the Swedes are seemingly uninterested in the other projects. Kosovo is months away, potentially longer, from having a measured sesource. Kallak is self-explanatory, and we are awaiting anything meaningful in respect of Finland. Financed to the end of the year perhaps, but KB rarely leaves financing until the last minute, so expect an RNS and a rights issue at a considerable discount to what we see today.

I agree in respect of KB sj74... But there are no triggers to stimulate the SP in the near future.

Suzy2, you are the gift that keeps on giving. Are you really suggesting that a placement that was open to Private Investors somehow makes up for current performance? Are you actually suggesting that investors should somehow be grateful?

Keep doffing your cap to the upper classes why don't you. Hilarious.

Well done you ADF... A typo? Great stuff. Doesn't change the fact we need an update though - Does it?

And we still need a full update in respect of the recent trip to India and the JV with Epsilon?

tintin35... KB's expertise has never been in question, and he has my support. But we are allowed to be a 'critical friend' as investors. It's only right that he gets held to account.

A placing was always going to happen... It's our only means of raising finance, although other alternatives will become available as Kallak progresses. I had hoped we would be further down the line before that occurred.

What does concern me is the obvious cash-burn at Vardar, for which we never get to see the books. It burns cash at a greater rate than the parent company. How so, given such little progress since our involvement?

"Despite the unexplained share price movements over the last week, the Company's prospects continue to improve across the business, and I will do a better job of communicating the same to shareholders.

A little late... But loving another cheeky million invested in Vardar. It's worth more than the parent company.

-28% at the time of typing. There are no positives in this scenario

And expect the fundraise RNS to mention 'challenging times', and 'managing investor expectations'.

Historically, a spike in the SP has always been proceeded by a fundraise. KB has form for it

Kallak has been paying the bills for the last 10-years... Not Finland

And KB has proven very adept at raising funds, so don't be at all surprised at an RNS in the next few days stating as much.

Salaries, drilling... Frivolous investments in Kosovo - It comes direct from your pocket. The big placement in 2020 was to help BEM realise value. That clearly hasn't happened to date.

Suzy2... KB has been unequivocal in stating that the exploitation licence would be granted since he became CEO in 2014. The licence might have been granted 8-days ago, but that it should be issued should hardly be a surprise? He's had at least 6 years to plan for his big moment, and to date has fluffed his lines.

Projects without deadlines meander - Fact

Even allowing for elements of the process beyond the control of KB, there should be a clear plan in place that he can outline to investors. We'll agree to disagree ..