Member Info for Pocko

Here's a few fun facts:

Since July 2015, Beowulf Mining PLC has raised £25.11m from subscriptions by Private and institutional investors.

The figure of £25.11m does not include bridging loans, which were repaid from the proceeds of capital raises.

Likewise, the figure of £25.11m does not take into account the proposed new fundraise.

Private investors were first included in the huge £7.4m fundraise in December 2020, and from then on, subsequent capital raises. Many will remember this, due to it's size and objective, which was of course to 'advance Kallak'.

Notable events along the way, include the purchase of Vardar for £3.25m from a university mate, which is now essentially worthless and nothing more than 'highly prospective'. Though is did serve to enrich a few Uni Pals, and allow our 'Dear Boss' to pursue his dreams... of being a Yogi!

The purchase of Fennoscandian (Grafintec) in 2016, which although highly promising on paper (If only mining was conducted on paper, the business would be a huge success), beyond a few signed MOU and and a now lapsed, though frequently extended option on a site on Gigavasa, has little to show investors.

And of course, Kallak, which notably recieved the mining exploitation licence in what should have been a seminal moment for the company and long suffering investors, whom have been subject to multiple capital raises to 'Get Kallak over the line' all of which have to date, stalled.

I’ve stated many times the simple solution. Buy a distressed asset that is cash-generative, and then the business becomes self-funding. Rather than spanking cash on speculative investments.

It’s not rocket science. It’s called business. And there has been ample funds to do this, but they have been absolutely wasted. I’d go bankrupt if I behaved like this.

And I understand perfectly why you are so emotionally invested.

Bowie is chasing dumb money… and there’s plenty about it seems.

So having read the RNS, which once again offers sound bites about progress and further destroys shareholder value, your take is ‘slow and steady’? Wise words indeed.

It’s the death knell for shares held prior to consolidation. They are essentially worthless now, assuming one hasn’t made further ‘investments’ to keep pace with dilution.

Is Bowie paid 4-weekly or monthly? I’m sure he’s fine.

They are raising up to £4.5m… and with a current Macap of around £8m, do the maths. And there will be a £766k repayment for the bridging loan to be made out of those funds. And he’s already signposted a fundraiser in Q1 2026.

I posted a few weeks ago that I anticipated around £3.5m and 10p… lets see.

A significant capital raise, with a further raise in Q1 of 2026, and not a whisper on this board.

And to achieve a ball park figure of around £3.5m before expenses based on previous fund raises, a doubling of the shares in issue. But this time, private investors will be locked out…

Who doesn’t love an after-hours RNS… It makes my post at 1533hrs quite pertinent. The warning about finance is there for anyone that actually cares to read it. 10p is my guess…

Capital raise every year... last few years in February/March - Usually when the SP is in a slight upwards trajectory. There's salaries to be paid. Standby...

“ Due to a slight over-run in the completion of the Coating test-work, the PFS is now expected to be completed during Q1 2025. The results of the PFS will then feed into the EIA, which is also expected to be completed within a few months. Despite these minor delays in the completion of the PFS and EIA, the overall timeline for GAMP remains unchanged, with first anticipated production targeted for 2027

Following completion of the PFS, Grafintec believes that the GAMP will be very well positioned to meet EU Strategic Project status criteria and the Company intends to apply in the next application round which is expected in early 2025. EU Strategic Project status provides a number of benefits, including faster permitting processes and access to additional sources of capital.”

stressed? no. ****ed off at mismanagement and the waste of company funds.? absolutely. and so we all should be.

Suzy2, they've wasted millions. Millions of our money.

Millions which would have negated the last fundraise.

And that's your comeback? I'm good thanks... Though your posts suggest you're otherwise. You just want to believe a little too much...

Absolutely sj, couldn't agree more. The performance of the board, past and present has been fantastic, and has in no way contributed to the current predicament.

I can't wait for the fundraise at discount to the market, where I will happily gamble the housekeeping, despite the knowledge that in a further 6-months post fundraise, another will occur at a further discount.

Read back your own posts FFS... Yes FFS because you come across as incredibly naïve.

If you are happy with current performance, then you are easily pleased. And on that basis, I can see why you might 'gamble' your money. It must be wonderful to view the world with a child-like innocence.

So it's a gamble now? Jesus wept...

And Bowie, likeBudhe before him, is quote happy to spend other people's money.

As for the options, have the terms and conditions been adjusted following the consolidation?

They've technically achieved the target price? Standby for a fire-sale of shares by Bowie and his cronies.

My points are based on facts...

And it has been a £100m company several times.

20-30% discount to market - Bowie will drive this down to pennies quicker than I feared. There will be 2-3 fundraises before the outcome of our environmental application, which will negate any potential rises.

I know you've Ben here a while SJ, but maybe not as long as me?

Know your history.

Profit taking? I think you need a new calculator.

And as for rules aimed at 'speeding up' the process? Lawd help us. These morons have been talking about that for the last 10-years.

And if anyone thinks that the submission of what amounts to paperwork will somehow excite the market, you've learnt nothing from our experiences.

There is now nothing in the pipeline to drive the SP. But Bowie simply doesn't care. There's plenty of dumb money out there.

I can't wait for the extension of the Gigavasa lease option.

It's not a shambles - Just more of the same.

What would it have taken to have an RNS at the ready with a little progress... genuine progress?

Everyone know more cash will be needed, at a discount to the market - Maybe towards the end of the year, or early next

Where are the drivers for the SP? The submission of X or Y. That's it...

The share consolidation, as I've previously stated, just gives Bowie greater scope to rinse and repeat all the way back down to pennies. He's created an even more illiquid stock, hence you can't sell in any great volume.

40p to sell with Barclays, and they won't even honour the market size of 2,000 shares.

Smoke and mirrors