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Beowulf Share Chat (BEM)



Share Price: 1.875Bid: 1.75Ask: 2.00Change: 0.025 (+1.35%)Riser - Beowulf
Spread: 0.25Spread as %: 14.29%Open: 1.875High: 1.875Low: 1.875Yesterday’s Close: 1.85


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AndyDuFresne
Posts: 115
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RE: The MI...
1 Oct '14
*perhaps* a bad idea, I meant to say :)
 
Goyathlay
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Corv
1 Oct '14
I see you subscribe to that theory of normative ethics propounded by that stuffed philosopher who currently 'resides' in the lobby of UCL

Unfortunately, for our purposes, we ruminate that it is for the greater good of the Swedish ruminant
AndyDuFresne
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The MI...
1 Oct '14
... has never gone against the recommendation of the CAB, so the chances of that happening is slim to none - however, JIMAB has promised to take this to the government in case of a "no", so I guess that's what we'll be waiting for next.

Also, since we just elected a new government in Sweden, one that consists partly of the Green Party (who has said a firm no to a mine in Kallak on every level, local and national), the appointment of the man/woman in charge of the Industry Ministry will be important to us (since this is an reindeer vs mining-issue) - this person will be presented on Friday.

I'm pretty much married to this stock, so I will probably buy some more in a few days to lower my average some (a bad idea, but that's my "solution" anyhow).
EssexMatt
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RE: daihorn
1 Oct '14
For them to allow so much time and money to be spent to assay the area and not grant exploitation is criminal. Could understand if it was a small deposit but we have a world class asset. No one will touch Sweden with a barge pole if we get screwed. That article screams no. Sounds like my local authority, full of knobs who got bullied at school
Subtle
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Eric/Goy
1 Oct '14
Cheers chaps, thanks Goy for that link, was looking for that.
So it all boils down to 'a possibility' of a disruption to reindeer herding by transportation, even with 3 x routes on offer.
Here's another - http://www.svt.se/nyheter/regionalt/nordnytt/stopp-for-gruvsatsning-i-kallak
(no doubt there will be zillions of news bulletins in morrow).
anyone going to the pub?
EricDraven
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pabslabs/BULP
1 Oct '14
The second bit of info uncovered by Subtle was probably always going to be the case, in my view. All said and done though, it's about what will be for the greater good in the end, and Kallak is a National Interest deposit. No point in having that if nothing is going to be allowed to be done with it.

Have to hold firm and wait for the actual decision.

Cheers lads.

Bulpy, hold that poo in a while longer.
Goyathlay
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Yes
1 Oct '14
It could be argued that allowing companies to explore and test mine creates a 'legitimate expectation' that they might not just be wasting their effing time and money.

Perverse really as merely exploration hardly benefits the local economy as much as mining.

Of course, there may just be perfectly valid reasons why this has been rejected ie the transportation issue was NOT fully addressed in the EIA. Let's not exclude the possibility that Beowulf have not been as thorough as they could have been. The clarity of the application may not rest on its longevity.

This link gives a synopsis of the convoluted process:

http://tinyurl.com/l5kohel

The MI may reverse and impose various conditions but any determination can be appealed etc etc.

The bottom line is that there seems little parochial goodwill. This ultimately may be determinative.

In any case, years of appeals etc may mean that Beowulf is long gone before an Exploitation Concession is granted.

I suppose this is one 'disadvantage' of countries in which the rule of law prevails: due process can exhaust the financial resources of the impecunious.

To paraphrase Keynes:

'The bureaucracy can remain irrational far longer than Beowulf can remain solvent.'

Genuinely sorry to be so gloomy wulfcubs.
EricDraven
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Subtle
1 Oct '14
Good work anyway Sub. We have to take the rough with the smooth. Can't just uncover the good stuff. I don't think it matters what we do, the CAB won't be happy, so let's hope the MI thinks it's a minor issue.

Thanks for your efforts.
Subtle
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daihorn
1 Oct '14
Me too, it's a cruel game if that is the case, to allow such investment to go into the ground, the question is ~ does it highlight that the MI are in favour giving the go-ahead for work plans to drill and blast or does the MI give out licenses freely in the first instance to encourage exploration as part of their job?
daihorn
Posts: 20
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hurry up and wait
1 Oct '14
thanks subtle , but i still hope with my heart and wallet we will get it , I still refuse to believe that they would allow us to go this far ...drill , test mine etc , to turn it down .What message does that send out to other explorers ??



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