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Not a great dilution, true, but with 6 months interest, that takes the equity exchange to c. 20m shares. They will be issued in Swedish Depository Receipts which will take the total swedish ownership over 70%. Not sure if this is significant but 70% also happens to be the benchmark regarding takeovers. Could that also mean that a vote could be taken to delist from London to Sweden both in registratin and Stock Market.
Just surmising and probably way off beam
True, we have already demonstrated that Kallak is economically viable, so at this stage, further drilling would not necessarily strengthen our application - But if that is the case, why was a drilling campaign planned?
The exploration permit does have a time-limit as you correctly state, extended due to Covid 19 - However, upon expiration, BEM would have to demonstrate a drilling campaign and or other activity for it to be re-issued. So yes, maybe KB is playing the long game on that one to preserve finances - Speaking of which, the loan needs to be paid in full by the 15th February 2021 or it will be converted into equity in the form of SDR's. No great dilution will occur, but it is interesting nonetheless.
I don't expect anything particularly hard-hitting on the 27th, but I am certainly looking forward to it.
And as for Kiruna, reindeer don't seem to be an issue there? Here's hoping they find zilch... As it it might just put Kallak into perspective?
The covid situation actually helps us there because we get an extension to the time we have for exploration.
Yes, is it survival tactics? We got about 5% increase in the sp with the Wolf Mountain target...and there's no telling when the Swedish Government will deliver. If we get a good result from drilling in Kosovo we add to our value but there's no telling if more iron at Kallak would bring a decision any closer.
And having read the article, it does raise the obvious question about our own delayed drilling programme?
Unfortunately, I derive my excitement from upwards movement in the SP.
The projects that we have, if taken to development, should be transformative for the company and shareholders. But delivery is key...
Got it..this link was posted by Braintec on 15 Oct:
https://www.svt.se/nyheter/lokalt/norrbotten/lkab-soker-framtidens-jarnmalm-mitt-i-kiruna
True Pocko...but it's going to be exciting....he drill bit or the Concession...talking of the drill bit they've been drilling in Kiruna since May, the results should be out soon...they targeted 1350 metres I think.
The drill bit and news on the Kallak exploitation licence are the only things that will genuinely get this moving...
Lol.
I'm liking the latest RNS.
Night night. x
PS What are we like !
Eric lol....nighty night. x
Proper job. Busy there. Big Stef pipes up, "....and I'll tell 'e somethin' for nothin' me 'andsomes!"
But more Swedishy. Lol.
Yes, at least two of mine have gone.
It appears that a few posts from today have been deleted, or am I mistaken?
Thank you OldFonzie for posting the link:
https://www.riksdagen.se/sv/webb-tv/video/oppen-utfragning/ku-utfragning-med-statsminister-stefan-lofven-s_H8C220201023ou2
Not us this week, Case 25 is Preem I think...we're case 11.
When I looked in a few minutes ago I didn't see any of your posts this morning so apologies for thinking I was the only one here. My computer is always very slow in the morning. Morning Eric...they also removed one of my posts, probably a good thing. Thanks ADMIN. Lol.
Define high priority targets. :-)
I report every single one of his posts most of the time they have an offensive word or slander or something in them, I only unfiltered him so I could report his posts
No definitely not , your one of us, he is a total moron and a complete menace, your in the clear ha ha ha ,
alamal/when you use the word maddog l hope you are not referring to me ,lol
At the moment this LSE site won't let me post a new message with a title, it will only allow me to post by replying to somebody else's message. Weird. Hope nobody else is having the same problem.
Have a good weekend one and all. Signing off early.
3card, yes, Admin removed one of my posts. I'm all better now and will watch myself.
Perhaps. Lol.
He is on the ALTN site spreading his rubbish, he’s definitely not wired up properly, it’s a shame we have to put up with it,