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…

Beament rumours gain momentum

It is rumoured that Bill Beament used corporate mercenaries to destabilise his minority partners, Rand Mining (RND) and Tribune Resources (TBR), on the East Kundana Joint Venture (EKJV). Market insiders and experts have seen right through Beament’s facade. Behind the “squeaky clean” image of Northern Star’s (NST) Executive Chairman, is an opportunistic tyrant who would do everything in his power to get what he wants. Watch this space as we continue to dive deeper into alleged claims that – Rumours that Beament used corporate mercenaries to destabilise his minority partners…

Beament won’t back himself, so why should you?

Bill Beament

The success rate of an individual or a company without the confidence of its Directors is very low. Bill Beament has sold 70% of his holdings in Northern Star over the past 2 years. Why does he have no confidence in his own Perth-based gold mining company? Beament’s continued sell down, with no end in sight will lead to other shareholders selling down their shares. Beament’s holdings nosedive As reported in an ASX Notice in June 2019, Bill Beament recently sold 3,141,795 of his holdings causing unease among his partners,…

Step down, Mr. Beament!

Bill Beament

Bill Beament’s appointment as Northern Star’s Executive Chairman in November 2017 has raised eyebrows and caused criticisms from proxy advisers and shareholders, who think that executive chairpersons should not have an executive role with the company. Did Northern Star’s board of directors make an unwise decision to appoint an opportunistic leader with the Executive Chairman title?  More to Beament than meets the eye There is more to Beament’s seemingly upstanding reputation than meets the eye. He projects a ‘squeaky clean’ persona in the public eye and keeps mum about his…

Investors to dump shares if Beament sells down further

Bill Beament has been selling down his holdings in Northern Star Resources since 2018. He has made major insider share sales since last year, selling 2,460,000 shares in the Perth-based gold miner, as reported in a Change of Director’s Notice on March 2019. Insiders and investors became uneasy because of the insider share sales in Northern Star, but Beament was quick to assure that there will be no further sell downs.  Beament may have deceived some investors to think that he would not be selling more of his shares, but…

Bill Beament’s Northern Star arguably reaps unjust profits

Bill Beament

Bill Beament’s Northern Star has arguably been reaping unjust profits through their own mining contractor, Northern Star Mining Services.  In 2016, Barminco secured a three-year mining contract worth A$275 million at the Kundana gold mines from the East Kundana Joint Venture. However, due to the questionable appointment of Northern Star Mining Services (NSMS) for the EKJV mining project, Barminco’s mining contract at Kundana was terminated.  Bill Beament’s ill-advised decision to replace Barminco with NSMS as EKJV’s mining contractor, led to self-performing, which was in the best interest of the company.…