Ha ha. It's like a soap opera, isn't it? Yes, I've been buying and selling quite a bit since early December 2015 so my holding has increased and average lowered at no cost. The volatility in the SP pre decision has encouraged me to trade BEM, which was not my original intent, but it's better ( for me at least ) than just sitting on my hands and fretting. Good luck...
Its all making me quite nostalgic! I've been invested for even longer - I bought at 4.25p the first time around, hung on for a year or two, then saw the rise, saw the fall and still hold now at around the same average but many more shares. And yet I can't remember what happened last week let alone in 2013!
So far as I am concerned you can be as confrontational as you like. You've been doing some research and you want to know what delays MrPlodge is moaning about? Let me tell you then, April 1913 was a very big day for us, one of ourSwedish directors ceremoniously posted our application for an exploitation licence, which was the culmination of all the company's efforts to prove up an iron resorce. The big issue for investors in this small and off the radar company was how long would it take. Jan Ola Larssen said he hoped to have it by Christmas, ie December 1913,. According to the Mining Rules it typically takes 3-9 months I first bought some of these in October 2010 for 22p and they rose to 70p the following year. We've had many difficulties which is par for the course but the major setback has undoubtedly been the decline in the price of ore. That having been said I still think the delays have been injurious I admire Sweden as a country very much which is why it is the only foreign investment I have ever made; their human rights record is second to none and their environmental laws are among the most stringent in the world, which was a plus for me rather than a minus. So to put it in a nutshell, we waited through Christmas 2013, 2014 and 2015 In April it will be 3 years since it was posted and we have run out of money to further this project more than once Do I still have faith...yes I do and what's more I shall still be here when the spike upwards if we get the licence has been and gone. I'm looking forward to the day when we can look in and say 'nice and steady'.... how's the drilling going on,
Mr Plodge, I hold my hands up. That's delay's in the plural, and your post was factually correct. Bem did indeed say before the end of 2015 though and under the circumstances it would have been better had the minister not put forward a shorter timescale in the press.
I still don't think that there is anything to be gained by repeatedly referencing delays. Bem did say that a decision by the end of 2015 would not affect there programme, although its hard to see why. Let's hope Andy is correct and that the decision is very close.
Not that it matters anymore - since I firmly believe that we're now only weeks from a government 'yes' - but we've been promised a decision twice before from government official; "before summer" and "during the autumn" of 2015:
March 31, 2015 - "A decision about the mining Kallak will come before summer. It says Minister Mikael Damberg's press secretary today to Nordnytt."
Mr Plodge, I did some research on this yesterday. What delays in the plural are you referring to? In February 2015 BEM expected the decision by the end of 2015. We are now in February 2016, so yes it's a delay, in the singular, but hardly earth shattering. Even if you include the media led 'deadline' of Autumn 2015, it's still only one delay. Are there additional delays somewhere that I don't know about?
It's like this as far as I see it. It would have been great to have had an early decision, but mining licences often take a long time. I can imagine how long the decision might have taken in the UK if a the equivalent of the Sami objected here. And let's not start on Africa. If I was interested in investing, I would look at posts such as yours and some others that I won't detail and think twice. Now if the information was factually correct that would be one thing, although you would still be cutting off your nose to spite you face. If the information is not, then you are doing the company and it's investors a disservice. And yes, I do think that messageboards can affect the SP of small caps.
As a long term investor I know that you too have been invested for a long time, and you want success as much as anyone. Do you think that moans about the length of time to reach a decision helps your investment?
Sorry if this post sounds confrontational, I have the greatest respect for the long term investors who post on here. I would just prefer the board to stop harping on about delays. The issue has been raised so many times before, it is unhelpful and the truth about timescales seems to be becoming warped.
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