Kurt Budge, Chief Executive Officer of Beowulf, commented:
"The last three months have seen further significant change within the Company, and more recently the much anticipated decision on the Exploitation Concession for Kallak North, which remains a key value driver for us.
"The decision by the Mining Inspectorate of Sweden on Kallak North was a welcome step forward, and a great deal of effort will be expended in the coming weeks and months as we work with our advisory team in Sweden to gain an early and positive decision from the Swedish Government.
"We reaffirm our commitment to working with all our stakeholders as we seek to develop and permit Kallak North. We will be addressing outstanding matters in order to satisfy the Swedish Government that our application has met the requirements of the Swedish regulations, and that our proposed development plan for Kallak North is a responsible one.
Yes, I don't post much either really. The waiting has kind of sapped the life out of me. It's been difficult, but still hoping for better days not too far from now. I have only managed to buy a few more here, nothing mega, due to my other shares elsewhere being a nightmare, so my average is still in the teens with this. BHR down the pan and BMR almost a gonner at one point, still pretty tragic there at present, so even though BEM has currently a terrible sp to behold, the Company itself isn't in distress, which is how I'm looking at things nowadays. This is my bestie. Lol.
If it comes good, we should have an e-summer love-in, to celebrate our longevity in the share and the fact that we've survived several Swedish winters with only our backless leather chaps and lemon espadrilles to call upon.
The spot price of iron ore roared ahead on Wednesday despite all three of the biggest producers of the steelmaking material reporting record-setting output growth.
The 62% Fe import price including freight and insurance at the Chinese port of Tianjin added $2.10 or 4.1% to $52.90 a tonne on Wednesday, the highest since end-March according to data provided by The SteelIndex. The iron ore price has recovered 13% since hitting record lows at the beginning of April, but remains down 25% so far in 2015 after almost halving last year.
The jump in the Metal Bulletin's benchmark 62%-index was even more spectacular tracking gains of 5.9% at the ports of Qingdao-Rizhao-Lianyungang in China to $54.04 a tonne on Wednesday, a four week high. MetalBulletin's 65% Brazilian index soared $4.00 to a five-week high of $62 a tonne, nearly $7 higher than its record low.
I struggle to post on here too often these days. Following others advice I have been gradually topping up by selling various body parts. All thats left of me now is two fingers and an *****. But if these rise back to 70p again I will buy them all back. Hope you are managing to keep the old cornish cocker up me old scrumpy.
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