any award before Christmas would be spectacular - a private mining firm in Sweden with fantastic grades? We saw 70p+ previously without an award - with more shares in issue, who knows? I'm going with doubling on the day then 40p by end of year.
Yes Eric, why the delay for all of this time! We all have an opinion on the possible reasons. Mine is: it’s to do with the arrival of Kurt Budge, and how he values the Kallaks potential and BEM’s role. This being very different from Mr CSP previous objectives. The timing of his arrival being after the submission of the application is telling (I think). The submission of the application would be the result of negotiations involving everyone associated. The powers will always determine what input is required from the applicant prior to, and when the applicant will submit. Therefore, we can very well assume that this application would have been viewed, to have been determined in a reasonable time period of say, twelve months. So what unforeseen catastrophe did the powers over-look in their preparations prior to BEM’s submission? - We haven’t learned of any! What new arguments have the Sami/others lodged in their objections that were unknown prior to the submission? - Effectively, none! (Norra Karr is a more recent consideration) so I take the view, that the delay is largely due to negotiations involving all, but now, coming from a new point of reference. I’m not suggesting in any way that Kurt Budge’s approach is inward looking or indeed cavalier - for example. No, he has weighed the risks/rewards differently, and selected a different path, in his belief that it is in Beowulf Mining, and its shareholders interest.
As said, it’s an opinion only, and cannot be supported with any known facts. So I’m afraid Eric/all, its buyer – beware!!! Atb
Agree chaps, The only thing puzzling is why it has all taken so very long for a final decision. I would suggest political manoeuvres, incompetence in certain areas, perhaps a bit of both. However, we are only guessing why and that includes what will occur post-concession. We hope and trust that a stunning future has already been long since planned for Kallak, of course, but we must wait and see.
The deposit itself is sensational, we know that, and the ANI status reinforces it, so as shareholders it appears that clearly we do have much to gain.
Hello Ed. Agree with your sentiments. Just taking stock for a moment. Yes, being positive however, I don’t think it’s being silly when saying, this is a great resource from any measure. It is of supreme quality and of serious quantity – yet to be fully measured with much more potential. In market terms, just take the European motor and commercial vehicle – volume units, alone! It’s rich in demand for fine iron ore (ball-bearings etc). Then there’s Sweden’s annual iron ore mining figures, running at approx. 35 MT’s. when/if the Kallak’s get to full production, we could be talking something approaching 10 MT p/a. That move in balance is a huge consideration for many, on many fronts. This concession application is most significant amongst many in positions of power (as we have learned). I feel, if a concession is granted, the climb in SP will surprise many, with huge satisfaction. Kurt Budge does impress in that, he will maximise its potential in terms of commercial gains, and social/environmental standards for regional and national importance, if the green lights comes. Finally, interested parties do have their means to capture any positive mood behind the official doors (they always do). When/if that happens, no one will keep the lid on this, we will be out of the blocks before the official starting gun! Imo only. Atb
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