Lanstead have 22.9% of BEM. They could easily trade between 22 and 23% both buying and selling without having to declare any increase or decrease in holding. With the lack of volume it's so much easier for them to dictate things.
if they sell kallak , ballak then from the sale of that assett a one off dividend should be payable, but expect whole company to be bought out. ideally would like to see a jv with our friends in kiruna and go for mining, with us as a junior partner and the swedes running the show. its going to be a very long 6 weeks till news from mining inspector. i have a good chance of being completly bald by then. if we dont get the exploitation licience then sweden as an area for investment is a complete right off for any major or minor company.
sp did the same yesterday , ended up in the blue and a 15k order filled. will see what turns up at the end of the day. i would expect to see a late trade. most of my wonga went in here years ago at 12p , so losses not huge but i share your frustration . there are times i feel like going to kallak with a bloody drill myself. i have been here so long i feel like i am related to everyone on the whole board.
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