Member Info for Pocko

Beyond the legal requirement to hold one, what’s there to actually say?

https://www.brrmedia.co.uk/broadcasts-embed/5f351277b14d872626437ab8/copied-from-5f031a574e934f0a0e3eb646?popup=true

If repaid in shares, at a 10% discount, it would equate to around 30m shares being issued at today’s current SP. So if KB had raised funds through a rights issue, the outcome would have been the same. This deal will have been quicker and easier to put together...

I wouldn’t worry Alamal... it’s just a bit of fun apparently...

Because courtesy has achieved what? Some have more invested than others... it shouldn’t be reduced to being a ‘housewives favourite’. It’s not the Grand National... To most investors, this isn’t fun, or a laugh, or enjoyable... it’s become a nightmare. So keep spouting nonsense by all means, but we are not in a good place.

7-years and 3-months... and posters on this board are offering platitudes. “It’s only money” ffs...

At 4p, not saying ‘no’ has hardly been beneficial to shareholders, or am I completely missing something?

And yet our CEO states that Kallak and our application is not complex? Which is it?

Absolutely... But we are no further forward. I’d love to know how Göran Farm spends his days...

And without the exploitation licence, we cannot extract value. And yes, cutting back in expenditure has its advantages, but there will still be a fund raise in any event. Guarantee it. So why postpone the drilling? (Which will probably not occur now until next autumn... Reindeer issues in winter) So it’s another year lost...

Yes, but we’ve only a licence to explore it - And we are not even doing that. So in reality, it matters not a jot how big it is.

Yes, the government can say No. But only with a legal framework.

I think most people of sound mind and reasonable education would be quite clear on the definition of the word or term ‘Prioritised’.

And need anyone be reminded, in 2010 we were projected to be mining by 2018. Take a moment to let that sink in. There really is no defence to our predicament.

No... it’s not a distressed asset or a going concern. We have a few exploration licences, and a share in two Limited Companies that also only have exploration licences.

And as the year runs away with itself, and without wishing the next few months away, we will be fast approaching 8-years since our initial submission. Two governments, two CEO’s, multiple rights issues... Its beyond parody...

Save money for what purpose? And as for Sweden, given that there is no official confinement, Covid isn’t a legitimate excuse. We need clarification...

As interesting as the other projects are, they too are years away from financial return.

Quite frankly, we would have been as well investing in distressed assets.

For a country that took a very hands-off approach to Covid-19, and still continues to do so, unlike many other European countries, it's unclear as to why our drilling program should be postponed? (Packed bars, restaurants and other public spaces are not an issue, but working in isolated area's in small groups is apparently)

Kurt Budge continues to be upbeat, and having spoken to him, remains positive about Kallak - However, at what point is enough? Where do BEM draw the line? He has repeatedly stated that we are not in the business of taking Government to court, but what other means do BEM have available to enforce the law?

The KU investigation does not directly impact on our existing application (Confirmed by KB), and it's delay should not directly impact on the decision-making process in respect of Kallak (Though being Sweden, who knows?)

The fact is, there is no news on the horizion that will positively impact the SP. Where do we go from here?

Materially nothing has changed. I'm just on with more in-depth research...

If you consider that lots of good prospects have fallen by the wayside due to poor management, the very fact that Beowulf Mining is still standing, is not only testament to the asset(s), but also the very management itself. As I stated; As the facts change, so do I...