RE: Buyer beware3 Oct 2023 11:27
Suzy.
From an investor perspective, the decision 18 months was the one that mattered. Whatever the court decides is irrelevant regarding investor returns. 'Actual' decision or not, it's all about the share price. And as I said "that opportunity will not present itself again IMO."
I don't believe that the SP will rise again over 500% from its present value after the supreme court decision, hence my comment about opportunity. All I can see from here is oblivion or dilution (depending on the court), with yet more issued shares followed by the inevitable consolidation. The last cash raise was not well received by pi's and, same as the last financing is not being used for what it was promoted for. So in that respect (consolidation) yes, you might see 20p again but you'll have a lot less shares.
Eric was correct that you can't make a comparison between HZM and BEM as they are at different stages. But again, IMO, it's a good/classic indicator of what may be the future of BEM if indeed they do make progress.
I genuinely hope BEM will deliver, especially for the Lt investors who have been involved here for over a decade.