Hi Ed, Can you tell me how you get such a good deal on your B&B transactions - only 500 or so difference when the spread is so large at the moment? I just tried to B&B 150K and got quoted (online - Interactive Investor) 141K as the buy back!! Do you ring your broker for a quote? Cheers, Chris
I agree entirely. That is a ridiculously low figure. If Kurt did want to sell the Swedish operation I'm sure he'd want to get Kallak South JORC'd up first.
However, mining is in his genes. He is the son of the man who was probably the greatest British mining entrepreneur since Henry Bolckow discovered iron ore in the Cleveland Hills and turned Middlesbrough into an industrial city. Mr Budge senior bought out all of the government owned coal business when the whole nationalised coal industry was on it's knees and he turned it around and earned the nickname 'King Coal'
I think Kurt will wan't to see both of the Kallaks and the Graphite play through to production. Where did all of these ideas about him selling out prior to production came from. I think that in addition to trying to beat the Swedes into submission he will be lining up the cash or possible mining partners in anticipation of the start of mining.
I also believe that he as soon as we have the permit to commence mining on Kallak North he will get a portion of Kallak South JORC'd up and start the fight to get it a permit. A least the fight on that one should be short and sweet once the current battle is won.
Just my opinions of course, but I believe in this whole project and would love to watch it all come to fruition.
The big sells of 257558 & 258078 shares posted at 10:44 was the B&B deal to feed my wife's ISA. The 257558 was the buyback but the MMs thought it would be nicer to post them both as sells. That evens up today's trading a bit.
The start of another weird and wonderful week in the mystical land of Oz, sorry I meant Sweden.
The Aktie started off slowly but when the AIM speculators started to bail out prior to the long weekend the big buys started in Sweden so I guess most f the sold shares got shipped over the pond to Sweden. I'm loving it as I can hear our market squeaking as it gets tighter. Keep it up you Swedes and start doing a bit to resuscitate your dead government so that we us oldies get rich before we peg out.
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