Thank you for taking the time to respond to my enquiry.
Surprisingly I have tried to do my own research in order to catch up prior to pitching my enquiry here. Having been unable to find information regarding some specific points, part of my research was then to ask a group of people who seem to know m more than I do.
A metaphor might be that I've gone to a library to find some information, bring unable to find what I want I've asked a librarian who has then told me to go back to the shelves and look again
Cheers for that John. Just trying to help, but nobody knows where the sp will really end up, only that we have many factors in our favour going forward. Trying to look at the positives after the ride we've been on is sometimes hard, but they are still there, firmly in place, Licence pending.
Teela, I suggest you continue in your quest for further information and answers to those questions by reading back through the Company's official RNS releases. If you put a bit more effort in, it will hopefully be worth your while. It's important that you do your own research Teela, because that will give you a better feel for your investment. Whether it is still right for you or not. Others can't decide that for you, nor should they be asked to fill in all the gaps for you, so that you can decide. It's your money at stake, therefore your responsibility to familiarise yourself with the facts and keep up with events via the official news. That way, there is no chance either that anyone can inadvertently mislead you in any way.
I've held BEM shares since 2010 and watched them wither leaving only cold ash on the floor of my portfolio . The main reason I held on was a disbelief that they could do so badly; the main reason I kept them was the prospect of using the loss too offset a CGT bill on the sale of a flat. I've rarely looked.
However, last week I did look and behold! Amongst the cold ash a small ember of hope glimmers!
I've been reading this BB and recent company presentations to try and catch up.
I gather there's currently some speculation about licences being issued by the Mining Inspectorate and the County Administrative Department (?).
Can anyone outline what these are, what their issue might result in and, when?
I see from a presentation from November 2016 that the figures for iron ore at Kallack are given as inferred and implied but not measured. Any ideas as to when a measured resource figure will be provided?
How much if any further drilling is being done to expand the resource?
The time allowed for protests or questions relating to the approval expires on the 28th of February. As far as I can see there is no reason why the decision could not be made on the first of March. However, the Swedes don't seem to do any thing quickly so it might take a little while. After waiting for umpteen years I don't think a week or two more of waiting will make a lot of difference. I just wish it was all over (with the right decision of course) so than BEM can start moving the project onward and upward.
After the action on the Swedish market yesterday I can't wait to see what happens on Monday. More positive movement I hope.
In which case there is absolutely no reason why the decision should not be made by the end of February, other than the inability to get the Swedish finger out, which has afflicted this process for almost 4 years now.
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