Member Info for TheFarEnd

Really enjoyed that, did you pastyc?

Yes, it's all rather depressing Eric. The inevitable decline of the SP, raising and throwing away monies, effectively sponsoring private companies, website overlooked etc etc.
This reminds me of the last throws of CSP before he departed, perhaps Budge is about to disappear himself.
If he's as good as investors on here say he is why would he stay?
Surely, as it is right now, this moribund company has no more challenges for Budge, his depleted enthusiasm is plain to see imo.
Maybe another challenge awaits him, who knows, nothing is forever.
Not even a government decision, is it?

I missed this, perhaps Openreach/BT even Lloyds are investigating. Don't know how effective this will be, but it's not a good advert for UK politics when this happens.

Two of Britain’s biggest power companies have transferred the ownership of their U.K businesses overseas to safeguard against re-nationalization plans laid out by leader of the opposition Labour party Jeremy Corbyn.
The moves follow the launch of Labour’s election manifesto last week which outlined a programme to returns a series of industries to public ownership, including electricity, water and rail.

In a statement, National Grid NG, which has a market value of almost £32 billion, said: “Labour’s proposals for state ownership of National Grid would be highly detrimental to millions of ordinary people who either hold shares in the company or through their pension funds – which include several local authority pension funds.”

It added: “To protect their holdings, and in line with our legal fiduciary duty to our shareholders, we have established holding companies in Luxembourg and Hong Kong. This has no financial benefit to the company and does not affect its day to day operations. It is solely to protect our shareholders’ interests.”

Not many takers lbjj.
For myself I think this saga has someway to run yet
You never know but this government could make some vague announcement if the current situation regarding mining policy gets elevated by the MSM, but don't hold your breath.

Suppliers are struggling to keep up with demand and it could get worse next year.
Global factory output is slowing sharply and the U.S.-China trade war is casting a pall over the outlook for metals, but one area of the copper market is looking the tightest since the peak of the commodities supercycle.
Under a new supply deal signed with Freeport-McMoRan Inc., major Chinese smelters have accepted the lowest processing fees to turn mined ore into finished metal seen since 2011. Back then, China’s economy was growing at 10% a year and copper prices were trading at all-time highs above $10,000 a ton.
The slump in treatment and refining charges is a sign that miners are struggling to keep up with demand from Chinese smelters, which have been boosting production capacity over recent months.
Source Bloomberg.

You need to be a bit more upbeat Ollerdeekid, 70 + posts all negative.
:-)))))

Norway has always said its sovereign wealth fund belongs to the people. But recently, that’s needed a bit of clarification, seems they want their money back.
Divided equally between the population it equates to over 200,000 dollars per person, but suprise suprise they can't have it.
There's been a rise in requests for withdrawals but it belongs to future generations.
Its the same the whole world over.

https://www.bloomberg.com/news/articles/2019-11-19/wealth-fund-at-1-1-trillion-has-norwegians-trying-to-cash-out?srnd=premium-europe&utm_source=url_link

New car sales fell by 6.7% in the UK!!!

Probably due to the ending of ppi.

Typical green rhetoric, "we don't think this is a suitable place for a mine"
Methinks somebody should point out that a suitable place for a mine is where the actual deposits are, not 20 miles up the road where there's nothing of value.
The green ideology..... I despair.

Yes I saw that Cowfish, that's where I found Budge's name listed as a director, but its all very sketchy the absolute minimum required to avoid a full audit.

You know my views, always good to have the debate.
I remember when Clive took us down various avenue's which I have mentioned previously, and that Equity swap agreement with Lanstead caused a great deal of discussion on here, not any more.
I guess all LTHolders are exhausted by now, but I acknowledge this BB has been 'kept alive' by a few through the lean periods.
And let's face it there's been a lot of those.

Well, we've established that you are uneasy about the word sanguine Suzy but no thoughts about the direction BEM are being taken by this present management.
At least it got a response.
But as I wrote, seems nobody has a clue, view or doesn't care.

Talking about statements, how about something on the direction of BEM.

I wrote this a week ago -
Can any investor here shed any light on throwing money at Vardar Minerals?
I guess by the response, just like me, nobody has a clue either, or doesn't care.

Has no one here any concerns investing in a private company who by law have no obligation to release ownership or financial statements?
We, BEM have over 40% of this private company
and we should be entitled to scrutinize their dealings and accounts.

Clearly, they are struggling with cash flow at this moment in time, or so it seems, we appear to be the sole financiers of Vardar's exploration programs, are we? We will never know.
The latest fundraising of £250k last week (November 8th) was to support two projects in Kosovo and ‘’general working capital purposes’’ that could mean anything.

How much are Vardar's director’s fees, including that of Mr Budge, who is also a director?
Don't forget we are diluting this share to fund not only Vardar's projects but also to pay Budge's additional fees, not to mention the other two directors. It's a well-known ploy among the murky waters of fledgeling companies, creating a web between listed AIM and private companies usually the former financing the latter. And of course, all these directors have to be paid with expenses, nice work if you can get it.
I may be a cynic regarding these matters but have we been here before? Remember Wayland Copper (Budge is still listed as 'active' here) and the involvement with Energy Ventures that was supposed to be a 50/50 joint partnership and we ended up raising most if not all the funding.
Incidentally, Wayland Copper/Energy Ventures owned 30% of Agricola at one time. I didn't want to mention Agricola, we all know that story.

One year ago BEM invested £250k in Vardar for a 14% interest, now exactly 12 months later £100k will only get you 1.4% why? Something doesn't quite add up here.

Who is backing Vardar apart from BEM?
Why are they selling off their own company when as it appears it is increasing in value, they are not generating any revenue?
With these diversifications, nobody knows exactly the final outcome (I'm assuming the directors do) but clearly we as investors haven't a clue.

At this rate of increasing valuation, it won't be long before you are reading about a reverse takeover of BEM by Vardar Minerals, stranger things have happened.
I'm not comfortable with this rush into the murky world of multiple tie ups between private and AIM-listed companies.
A decision on Kallak can't come soon enough and if its positive the sooner I can move on.

This share is moving in the wrong direction IMO, but clearly others are more sanguine about the present situation.
I've said my piece, any comments would be appreciated, enjoy the rest of the weekend.

Just started, Climategate science of a scandal.
BBC 4...so it must be true, make yer mind up.

Seems you can post your dubious rhetoric freely on this BB JR, as it is in line with admins thinking.
J

Labour systems have stood fast against ' a serous cyber attack.
Apparently the mode of attacks was to overload the traffic on their systems to slow them down significantly enough to render them useless.......
I had to laugh, no change there then.

Sounds more like desperation than anything.
Just take a step back, what exactly can BEM do? In the grand scheme of things absolutely nothing, in short they have submitted their application and are awaiting a reply.
You've got to be proactive but are restricted at every level. The government wants no more dialogue on the application so you have to be seen to be actually doing something.
This latest effort is just one of many such actions, giving the illusion that Beowulf Mining are in control of the situation.
Save the legal stuff until the government makes a decision and it's the wrong one.

They might be squeezing out their smaller rivals from the mortgage market but Lloyds main competition will be coming from one of the big four...... perhaps.
HSBC has drawn up plans to double the size of its British bank in an audacious bid to close the gap on the country's biggest lender Lloyds.

https://www.thisismoney.co.uk/money/mortgageshome/article-7669715/HSBC-triggers-mortgage-war-bid-double-size.html

I'm beginning to think they hand out licence's as a way of a free geological survey to find out exactly what the obscure regions of Sweden are actually sitting on.

As a point of interest how did Vardar Minerals Limited arrive at a figure of over 7 million pound valuation? (I think that figure is correct, just got in from the pub).
Vardars presentations of its Balkan projects don't reveal much just the usual illustrated upbeat report of potential mineralisation.
To be honest I can't be rsed to do any homework on all this diversification for me its Kallak or nothing, and at this moment in time its nothing.

I know it makes sense to diversify but can any investor here shed any light on throwing money at Vardar Minerals?

May have misread it but still aboard, not sold completely, just taking some profit.