Thanks for that. Regarding buying BEm. Even Warren Buffet doesn't always get it right and he's the worlds best investor. I buy and sell shares at what I consider to be the right moment. Sometimes I get it wrong but I don't cry, I just put it down to experience. Fortunately for me I'm right more often than I'm wrong, expect when in discussions to my dear wife, then I'm always wrong!!
The stock exchange is like a street market, no guarantees given
If this were a simple matter in which only mining matters needed to be considered, with the mine to be opened in an area where all wanted it, with no conflict about nature conservation, no UNESCO involvement, and no indigenous opposition, the Mining Inspectorate could have made the decision without kicking it upstairs to the government. We have all seen how quickly things move for state-owned LKAB. They can move an entire town without people getting up in arms. But in this case, the government sees no reason to rush things along for Beowulf.
I don't understand those who see the delay as a sign of concession approval. It is just as likely to be a refusal. I am not saying it will be a refusal because we have no way of knowing one way or the other.
Ed I think you are amongst those who have got the essence of my proposal and I can understand your concern. But you too please do not forget that those are prefer to sit and wait doing nothing now will be very very sorry for their idleness in case of refusal or any unreasonable demands which can simply destroy the company. And be careful with your share purchases now because firstly the future of the company is a very uncertain. Secondly prices could fall even lower. And finally the money can be required to buy additional shares at the time of right issue. All the best
Ed, yes, I read your post and understand fully your meaning. We all have an opinion as to why the delay. We can’t offer those in detail because it’s difficult to keep them as an ‘opinion’ without them being received as an assertion of fact. That would be misleading and wrong. What is a fact is this: any letter received by the Government can and would be used against Kurt Budge in any negotiations that he may or may not be involved in. The existence would be the value, its contents are wholly irrelevant. The Government could/would argue its contents to be wholly different from any recognition by its author. The involved third parties would quickly learn of its existence, although perhaps not of its content. Would they not exaggerate the falsehood of division? Atb
Can't argue with ed44 on this one. Please don't see my agreement with ed as part of a grand conspiracy.
I was asked for an opinion and said it would be counter-productive to contact the government, but I don't want to make it sound as though the letter would have much, if any, impact on the government. It might not even reach the people making the decision.
If Manro feels that it's a good idea to send a letter, then go ahead, send a letter.
We sort of agree on this. It is probably more sensible to do nothing but my concern was that Manro's initial idea seemed to be to go in with guns blazing. If he is determined to go ahead with the idea, that is his right, I just hope that if he does send a letter it will be along the lines that I suggested, as a polite request for information, which if it does no good will at least do no harm.
The whole thing has become a prolonged nightmare really hasn't it? Especially if you consider the days when we used to make progress with the drilling and adding JORC. The Company hasn't really been able to increase its value further over the last few years in terms of Kallak, which is a real pity, although not the Company's fault. Let's hope for a decision within the next few months.
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