The Swedes will be able to achieve what was always their aim before long. To pick up BEM for a song. Kurt will need to start casting around for more funding very soon. If he can get funding at all, it will be at sub 2p in my opinion. The graphite is Kurt's insurance policy, which is a wise move. I can't believe money will be made by private investors from the Kallak deposit now. The whole process is a sobering lesson in investment, just as Gambler says.
I read earlier that many who are opposed to a start of mine says that it will never work with such a low ore price.
But maybe this is a perfect time to get a permit to start and then be ready for the day when the price takes off .
Perhaps there will soon be a shortage of metal where china etc. will start on the rivers. If we are lucky , this will go down as a very firm grip straight up for many years.
Meny new things is happening here in Sweden now on producing environmentally friendly metals and new stronger materials have been found that will benefit the entire mining industry, especially with our best quality.
I think with a little luck we'll get into this in a time that fits perfectly who believe in a mining Kallak . Do not forget that it may take some years before it start , and then the picture can look quite different .
Hi Ed, yes, we are talking along the same lines, more of defence against the naysayers on a bb, whereas I can see Gambier's point about defending the share officially, via class action. The difference. In my opinion though, it all counts, even on a bb, because potential investors do look in before doing their research.
Some very fair comments there Gambier. This share does not warrant the kind of price you are hoping it will drop to though and you know that really, perhaps wishful thinking on your part. I'm trusting the factors at play that I touched on a few posts back, such as the percentage of shares in Swedish ownership, will keep the sp relatively buoyant, Referendum or not.
We shall see, but thanks for taking the time to reply. Much appreciated.
I disagree with you concerning your statement that small investors cannot defend their investment. It happens every day when people like lbjj and Breca to name but a few attack our share for their own reasons. We investors defend our share against unreasonable negative and quite often misleading and dishonest statements, My good friend EricDraven and a number of our Swedish friends defend the share all of the time, for which we investors are all grateful.
I'm not suggesting that people do not have the right to make negative posts, even those like lbjj who has no financial interest in this share only appears here for an occasional gloat when things are not going well. However we genuine investors have the right to defend our share and will I'm sure continue to do so for as long as we hold shares.
I don't think any small investor can 'defend' their investment beyond being part of a class action. Imagine for one moment that all the comments ever made online share chats had never been made, how would this have affected the the longterm price of any given share? Unless a CEO changes course because of what he had seen posted on a share chat, the answer must be no effect. Even if such a ludicrous event were to occur, then a company led by such an imbecilic CEO would be doomed anyway. If all the words ever posted about Afren, Gulf Keystone Petroleum or Xcite Energy had never been made, the exact same outcomes would have occurred. Share chats only ever influence the buy and sell points of gullible and emotional investors, the actual performance of the company (and so share price) in the longterm is impervious to such noise. There is a huge difference between the imaginations of posters on share chat platforms and the physical reality of oil well performance, geology, oil prices, iron ore contents, interest rates, exchange rates, incompetent management and government bureaucrats. These things will unravel according to physical forces decided millions of years ago or independent human decisions that will be made next week. One might suggest that people would demand much lower entry prices if such chat did not exist and they were only left to read the accounts and relevant market data.
Fair enough. I disagree with your last comment though, because I feel we should be defending our investment from those people who come on the bb solely with the intent of spreading unwarranted negativity, to satisfy whatever purpose. Sometimes in the defence of our realm some of us will get agitated. I don't believe it means we shouldn't own shares.
Each to their own opinion though, and I do appreciate ideally there should be no emotion attached to share ownership, but the process is different for each of us. You have obviously mastered the bypassing of background noise, or have at least learned early on to take an almost clinical view of matters.
I am extremely negative about all shares I consider buying, this guarding against conformational bias. If, after testing to destruction, the share still stands up, then I have a potential candidate. Considering this candidate in its worst possible scenario gives a defensive buy-in price. Boring - yes, missed opportunities - yes, but I rarely make signifcant losses. I, like every other reasoned investor, want to see a potential candidate drop to its lowest possible price. BEM is a candidate I would like to have bought more of when it was sub 2 pence. I would be very happy to see this at 1.3p again, I would buy many more shares. If any investor has their investment choices strongly influenced by the opinions given on messaging boards, they have no place buying shares. If after buying a share any investor becomes agitated by mere opinions given on messaging boards, they have no place owning shares.
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