Not posted for a long time but like all long termers,still hanging on in here and now with some cautious optimism.If I was going to have a bet here on what is going to happen I would put my money on a sale or jv to LKAB.It would make so much sense and would almost ensure a government decision in favour of its own company.I cannot see a Swedish company like this letting a resource like Kallak slip through its fingers and are financially placed to put it in moth balls after the purchase and wait for iron ore prices to improve.If a deal has already been done and the signs are that it could be a possibility then LKAB would be my tip and I think we could all celebrate if that is the case.All the best.
No idea what's in the pipeline regarding sale or jv, only that they mentioned about finding a partner in the third quarterly last November "The development of Kallak is at a point now where the Company is considering the introduction of a strategic partner and associated investment in the asset; a partner who understands the value of Kallak as a producing asset in approximately 5 years' time offering high quality products and security of supply, sitting on the doorstep of European markets." New management certainly have experience in this area as in treetops post earlier.
I am wondering if Kallak will be a test site for one of the new generation of 'green mines'!
EricDraven - sorry I've only just seen your message from the other day, catching up on posts! hope all's well.
I think everyones getting carried away with all these conspiracy theories. Clive was the big a&& hole last year now he seems to be flavour of the month.
We’ve waited a long time for the MI decision and in the scheme of things it won't be long before we have the governments decision. We’ve had some good news but nothing goes as you think/hope it will with this investment lark. Just when you think you’ve got it cracked something happens and you start over again.
I’ve got a lot of money tied up in here but I’m more of a realist, this is still an extremely risky investment.
Maybe it’s good to dream and speculate but thats all it is speculation.
Just looking at Kurt's CV suggests he is the man to set up the best partner for Beowulf to my mind, patience will be rewarded. He holds an M.Eng (Hons) degree in Mining Engineering from The Royal School of Mines, Imperial College London and an MBA from London Business School. His career in the mining sector spans over 20 years. Most recently he has been an independent advisor to junior mining companies on acquisitions and project development. Prior to this he was General Manager Business Development for African Minerals, where he developed strategic growth options for the company's iron ore assets and M&A opportunities. Prior to African Minerals he worked as a mining analyst in investment research, and before that was Vice President of Pala Investments AG, a mining focused private equity firm based in Switzerland. Before joining Pala, he spent five years as a Business Development Executive in Rio Tinto's Business Evaluation Department, where he was engaged in mergers and acquisitions, divestments and evaluated capital investments. During the earlier part of his career he held several senior operations and planning roles in the UK coal industry with RJB Mining (now UK Coal plc) and worked as a Venture Capital Executive with Schroder Ventures.
It's still just a joke, made by a known troll - here's another of his posts, from early January:
"If you close your eyes to the company you have shares in pure crap and keep my fingers crossed that it will go well then you are not serious , but an amateur who believe in Santa Claus and Christmas is over !
I know some friends who have taken Beowulf shares and those who have something between your ears sold for more than 1 year ago.
I'll say it again.
No use trying to catch a "falling knife " sell yourself out of direct bankruptcy is pending shortly!"
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