Does anyone have any thoughts on the above? It hasn't really been discussed much over the past month or so and just wondered if anyone thinks it's still a reasonable possibility considering production timescales and so on. GLA
We've had our moaning session...it does us good but its crying over spilt milk. If things go as Gruv says we could all be OK. I'm just longing for the day when we are actually back in business once again. M...have you worked out yet that Gruv and Kal are British forms of endearment? Lol Thanks for your words. Also thanks to AndyDF who predicts that a Yes decision is in the offing. You've been absolutely right with your prognostications so far Andy so I'm trusting your latest is no exception, particularly the Yes bit.
Time frams should be of review considerations now and then, have something changed. That said, for m e, no more than two years from now.
The decision we wait for now is close. But after that the application must be acctually performed. That process is a process of sending document between clients. Beowulf sends in a draft and get it back again and then sends in the final application. From that time we have an avarage of 15 month before verdict. Many people are afraid that it will be appealed, but if it does the CO my get a verdict to continue anyways. On the risk of losing the appealed case.
So, 6 month from now the application is at the desk of the court and 15 month later we have the verdict. Thats my cristall ball here determine my investment. Some 2 years using bad Swedish math. :-)
During this time the deposite will increase 3-4 times and the underlying iron ore price will change. If you ask me, that's leverage time for us all.
I am, excuse me for saying it, not beyond my time frame. I bought in August-September. I have added more after the last statement from Bergstaten in October.
I was refering to my own time frame. Sorry, and all the respect for you who have been here for long.
(Acctuallymy discussion with the law man was more concrete than what I have related here, me asking for reference cases when one client tried to delay the court. But his answer were that this was not common as the court sets the time frames.)
Sorry for my spelling and grammar, without using Google translate:
I have stated in my Swedish writings that the major fight for or against the Kallak mine stands on the battle for exploitation concession. Why? Up to now the samis pictures of the reality have stand alone. Länsstyrelsen (CAD) have just moved their stories, without testing or trying to verify them, to the next level, the court, Umeå mark- och miljödomstol. At the court their pictures will be questioned and the places in doubt will be visited, showing the practical problems.
Here you have two films from Youtube made by a critical voice of Kallak becoming a mine.
The maps a have used is performed by the Sametinget. (My article on Redeye, "LKABs efterträdare...") These maps shows the transportation routes as the sami side see the situation.
These two films show that the sami use the frozen waters in March for transportation. Björkholmen (where Kallak is situated) is a place for rest before moving along to the west. Most of Björkholmen is left untouched during mine life for the reindeers. If there is not enough food the CO could pay some extra for food that is needed, when the reindeer is resting. Of course. That could make it possible to take more reindeers this path.
Another question raised here is this, what about disturbance, when you in high speed forces the reindeers in darkness over the lake? In the Swedish version the text proclaim that this have been the route for all history.
North of Kallak the trains will transport the ore. There will be needed bridges for the railway when passing lakes. Meaning there will be no need for extra wild bridges? There are already new train bridges that could be, calmly (?) passed benieth.
I have stated that I will not take part in any campaigne against the Sami group as a community. But the extrem nationalistic minority talking of the land as "theirs", altough apparently it is owned by several different privat and public owners do not have my support.
But a humble approach should be taken. The court will solve this out.
I have contacted a lawman at the Umeå land-and enviromental court. He states that the court puts up the time lines in these mining cases. He says that it will, therefor, take some 15 month to have a verdict in the court after the application is on the desk.
That is on line with my wider time frame interpretation for my own investment here:1.5 - 2 years. We all seek that cash-flow valuation, don't we?
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