well it will be either sale or jv and the long haul to production. eitherway paitence is needed, but something will be done with these sites , the value to the swedish exchequer is large and sweden needs the revenue at the end of the day. all we can do is wait for the decision from the mining board which is due soon. fingers and eye balls crossed for good luck. i dont think that lanstead would put serious money in to bem with out being satisfied that the sale cost for these sites is worth while tying up there money in here or the returns from mining makes economic sense and a hefty long term profit.
the main pay back here will not be a rise in the sp but the sale of kallak north and south , sale of ballak and kallak 2 as a job lot generating a one off dividend to holders. once that happens , which it will i intend to roll the money into pmg , reason is that tom will recreate dana and the intended move to the ftse 250 market will free him from aim manipulation. still happy to hold here till mid 2015 when i expect a sale. sp at the moment is frustrating to say the least but only concerned with the end game in 2015. nice £12,000 buy to day , sp dropped i assume to fill order , sp will i expect be back to square 1 at the end of the day. several large buys of recent as people take a postion waiting for sale of assetts. news soon on exploitation licience so lets hope it is positive and not delayed as it is handed to the swedish government to deciede the licience. have to admit this is a difficult and protracted birth.
Does anyone realise that the sps of the majority of AIM stocks have tumbled? I have said it before and I will say it again: BEM could have a TRILLION (1,000,000,000,000) tonnes of high grade Fe3O4 sitting in Sverige waiting to be shipped around the world. In my opinion it will not make a blind bit of difference to the sp! Why? Because the FTSE is unbelievably still at 6500+ even with the uncertainty that surrounds the Ukraine and Putin! Until the FTSE and it's 'sibling' minor markets drop and investors look at the the AIM again, nothing will change! Naturally, it would be wonderful to be proved wrong. The situation isn't helped by posters like Dizzo (shorter in my view) who exclaims 'As soon as the spread drops and the buy in is sub 5p ill be joiing you all'. Oh please, ENOUGH! Mak
The Spread on this is pretty ridiculous at the moment. Its the only thing stopping me getting back in. I was one of the lucky few that was in at 7p and saw the rise to 70p, blind stubborness told me not to sell until it hit £1 and then i saw all my profit wiped out until i cut my losses and bailed. I think the risky period of this company is probably over now, we know the resource is there but i was always worried that they may not have the funding to ride out the period of no progress but here they are. As soon as the spread drops and the buy in is sub 5p ill be joiing you all.
Many thanks for your updates, like many others I suspect, I am a long term holder waiting patiently for a rerating and enjoy your updates on this board. Patience,patience,patience as Tony Blair might say.
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