Member Info for Pocko

The market doesn't believe it, evidenced by the share price and general lack of trades.

The sahreprice reflects the lack of progress.

The first five months of the year have been laid to waste by the announcement of the fundraise at the beginning of the year, and the uncertainly that causes. The result? A stagnant SP.

Any guesses what this latest announcement will result in? A stagnant SP.

Investors are told that projects are being advancing, but wheres the evidence?

It's not like they haven't stretched the truth in previous RNS is it?

I see no evidence of advancement.

And how is it to be paid for?

The last fundraise didn't receive the necessary support, why would the next be any different?

I've no objection to easing capital, it's our source of funds. But I do object to paying exorbitant finance fees and lavish salaries to this bunch of spunk monkey's.

And any potential for marginal gains from the court hearing have now completely disappeared.

No news on the horizon that will drive the SP, an anonymous CEO, Project Director and Chairman.

I guarantee that it will get diluted into oblivion again. It's rinse an repeat.

Can anyone tell me what Bowie has achieved to date?

And will the new shares hold their value? History tells us not.

A miner that didn't mine, and a finance guy that only creates value for himself and his cronies.

Who pays the fees for all this?

Drip drip...

And this is all you need to know .

"The Directors consider that a consolidation of the Existing Shares provides greater flexibility for the Company when issuing new equity..."

Share consolidation? What a suprise.

Enables them to rinse and repeat...

Fast approaching 12-months in post, and all Bowie has achieved is to line his own pockets.

I agree with that sentiment, but the history of tells us that the Sami will be nothing of the sort - They never have been.

Rest assured, they'll have their hands out when the time comes. I just hope to see it sold to the Chinese in my lifetime

All those Tan people wandering around Jokkmok. They love indigenous folk.

fb, instagram, the corporate website, rns and various media outlets. it's not rocket science communicating with shareholders.

lining his own pockets didn't take a deal of working out - did it?

perhaps the general lack of activity is the reason for a lack of communication?

less time updating his linkedin page with ****e about ukraine, and more time doing his job might be a start?

No, the hearing starts today...

"After including a nominal US$5m of value for Vardar Minerals and allowing for our NPV10% estimate of future corporate-level G&A expenses, our resulting risk-adjusted Sum-of-the-parts NAV estimate is 5p per share. The latter conservatively equates to Just 0.1x our fully un-risked NAV, yet nonetheless implies c.8x upside to Beowulf’s current share price, suggesting a significant mispricing of risk by the market.,"

Maybe read the whole thing... It values the company at 5p a share now... (NAV - Net Asset Value)

Don't let facts get in the way...

EricDraven, this bunch of clowns should be wholly focused on running this company. Not lining their own pockets or seeking to dream up sweeteners for shareholders.

Rome burns, and they fiddle at the edges, just like Budge did.

And why throw good money after bad?

As I've stated previously... Gets run into the ground, sold as a going concern, and select member of the board get plum jobs in a new entity.

With the parting words... 'we did our best... Challenging market to raise finance... Blah blah blah'

Still waiting for Bowie to release his salary. He won't be able to hide it come the next financial statement.

Likewise the new Project Director, who is conspicuous by his absence or low profile. His first achievement to date? Lining his own pockets.

From the RNS dates the 8th July 2022:

In establishing the LTIP, the Company's Remuneration Committee has taken advice from a leading independent consultancy specialising in the planning, design, and implementation of business-driven pay and reward strategies...

"The LTIP is designed to retain and incentivise key employees and Directors..."

Verbatim from 2022... Other than line Budge's already bulging pockets (Daddy assisted in the managed decline of the pits), they coupdnt even be harrised changing the wording.

Multiple employees have since left... So how's it working out for investors?

That's a low bar to set chuteless...

It's at the issue price

Where to start?

Yes they do have to pay for them... But will only exercise them when they ware worth in excess of what they are permitted to buy them for. It's a gift and poorly timed at that.

The timing is appalling given the poor performance of the CEO, Chairman and directors. They have repeatedly failed to deliver... anything.

With such a low price, it's demonstrates a complete lack of belief. If the price were 10p for example, that might demonstrate faith and ambition. But no, they've granted themselves rights at a ridiculously low price, barley above the price at which they sold out existing shareholders.

So, in short, get some wool on your back, read up on the performance of the company in the last 5-10 years and then pass comment.

And it serves to prove that there's no ongoing discussions or negotiations with interested third parties... That would be a closed period, and they wouldn't be able to do this.

The irony is, if the company was actually doing well, he could buy a corporate jet for all I cared. But it's not...

Perhaps they should focus on core business and not pass the time informally voting to hand themselves a significant chunk of the company.

"Beowulf (AIM: BEM; Spotlight: BEO) announces that the Board has approved the award of options granted under the Company's Long-Term Incentive Plan ("LTIP") to certain directors and senior management...'

Who wants a pay rise? Show of hands...

I suspected that the company might have 'loaned' them cash to buy their shares in the placing.

Now we know that this was the plan instead.