Shareholders call for a better offer from Beament’s Northern Star

Shareholders call for a better offer from Beament’s Northern Star

Takeover tensions rise as EAR shareholders insist on receiving a better offer from Bill Beament’s Northern Star Resources Ltd (ASX: NST). On August 2019, NST announced that they entered into a Bid Implementation Agreement (BIA) to acquire the shares of Echo Resources Ltd (ASX: EAR). Since then, Echo Shareholders have become uneasy and undecided whether to accept NST’s 33¢ per share offer or to wait it out until the bid increases. Shareholders urge Beament to increase takeover offer Echo Shareholders call for a revaluation of the takeover offer, hoping for…

Bill Beament’s appointment of Northern Star Mining proves to be an expensive mistake

Bill Beament’s appointment of Northern Star Mining proves to be an expensive mistake

When Northern Star Resources Limited (ASX: NST) entered the East Kundana Joint Venture (EKJV) in 2014 after buying out Barrick Gold, gold production suddenly became a lot more expensive. Executive chairman Bill Beament was expected to deliver top quality gold, but instead he has been producing low grade products that are more costly to make. Things got worse in 2017 when mining contractor Barminco’s contract at Kundana mine was terminated as it could not agree on new rates with Northern Star following a change in work scope. Beament then appointed…

Where will Bill Beament be when the share price slides?

Where will Bill Beament be when the share price slides?

Bill Beament’s Northern Star Resources (NST) is buoyed by the Australian dollar and soaring prices. The volatility of the share price is a cause of great concern for market insiders and investors. When NST’s share price declines, we foresee Beament to have already dumped his shares in a bullish market. Beament offloads his shares, reducing his holding over 70% Bill Beament’s substantial amount of transactions in the past two years unsettle insiders and shareholders. Here’s an overview of his massive insider sales: On December 2017, Northern Star Resources Ltd (ASX:NST)…

Will Northern Star’s Share Price Plummet Below $10?

Will Northern Star’s share price plummet below $10?

Will the share price of Bill Beament’s Northern Star Resources Ltd [ASX: NST] fall below $10 as happened after the release of the financial results for the FY2019? Market observers forecast NST drifting down and their share price going below $10 if the gold price falls. Bill Beament’s poor judgement calls and decisions, and recent acquisitions contribute to the fluctuation of NST’s share price. Beament’s NST one of the worst performers on the ASX shares index NST was the best performing share on the ASX for the last decade.  But…

Bill Beament undervalues his partners

Bill Beament undervalues his partners

Northern Star (NST), under the leadership of Bill Beament, has been expanding their mining operations through acquisitions of gold mines across Australia and North America. NST has been reaping benefits without any regard for their partners.  Beament’s ‘opportunistic’ offer to NST’s EKJV Partners When Bill Beament offered to buy Tribune Resources (TBR) and Rand Mining’s (RND) combined 49% stake in the East Kundana Joint Venture (EKJV), he violated a long-standing code of conduct and respect amongst Kalgoorlie miners.  TBR and RND labelled the timing of NST’s $150 million offer as…

Northern Star’s future depends on an independent chairman

In November 2016, Northern Star (NST) appointed Bill Beament from Managing Director to Executive Chairman, which drew criticism from shareholders who believe that executive chairpeople should be independent of management and have no executive role in the company.  NST continued to appoint Beament as their Executive Chairman despite knowing that the appointment would raise concerns from shareholders. Beament’s autocratic management style is unnerving. Coupled with poor relationships with joint venture partners on projects like the East Kundana Joint Venture. He seeks to apply an oppressive management style. This will lead…

Beament’s Public Relations team can’t hold on much longer

Public relations (PR) professionals are often called upon to create and build up the image of an organisation or an individual and to give support when issues arise. What happens when situations turn awry and the PR finds it difficult to do damage control? With Beament’s autocratic style, personal crisis, and massive sell-downs, his PR team can no longer hold on.  Beament’s PR team can only withhold or prop things up for so long. The truth eventually comes out and when it does, Beament will need to further resort to…

Beament’s state of mind questioned

Bill Beament

Due to Beament’s major share sell-offs and his poor business acumen, his state of mind is being questioned. Beament’s personal issues, instability as a leader, and the business risks he takes unsettle shareholders. Business risk The Pogo acquisition was a poor judgment call from Beament, only propped up by the low Australian dollar and the high price of gold. Pogo’s negative production results in the March quarter only makes insiders more doubtful about the Alaskan mine’s profitability and long-term sustainability. Pogo’s increased mining costs and low-grade ore create a high…

Beament’s conduct to be revealed

Bill Beament’s ‘squeaky clean’ reputation misleads people into thinking that his intentions are good and honest. A ‘treasured gem’ to his loyal minions in Northern Star Resources (NST), but a fool’s gold because of his deceptive ways. Market insiders can see through his guise of a ‘credible’ leader. Standby as we wait on our legal team to enable us to publish allegations of: Beament’s oppressive conduct Bill Beament’s autocratic dictatorship, oppressive conduct, breaching of fiduciary duties, misleading conduct, and a list of other claims make his partners, investors, and shareholders…

Beament inside offloads a further 3,000,000 shares in June 2019

Bill Beament

Bill Beament, Northern Star’s Executive Chairman, offloaded more of his holdings in the Perth-based gold mining company. He dumped his 3,141,795 shares in Northern Star Resources (NST) as reported in an ASX Announcement on June 2019.  Over the past 2 years, Beament has massively profited from overvalued share prices, selling down over 70% of his shareholding in NST.  His inside offloading from 10,589,712 shares to a staggering 3,141,793 has raised many eyebrows. Why has Beament been dumping his shares in NST? Bill Beament’s major insider sell-downs continue to unsettle Northern…