Cheers for that. Yes, Ballek was just an example of what I deem a side-project, considering the enormity of everything the Company has undertaken at Kallak, the obstacles that it has had to overcome, the time taken to date. Not to mention us shareholders having been put through both the financial and emotional ringer because of it. Sami also, I might add. It can't have been easy for them, this drawn-out affair.
No, seriously Sub, I haven't forgotten about the Munky or our little discarded pal Ruotevare either, but you get my point about the years invested in Kallak. Money, sweat and tears for all involved. Local Swedes, BEM and shareholders alike. Kurt has to crack on with Kallak being the main focus, almost entirely. Bring that first winning project home.
Entirely agree about other projects Eric especially Ballek.
We had a 50/50 partnership with Wayland, then after completing a recent drilling exercise there, it transpired Wayland had no monies to pay their half. It was then reported that we now have a 58/50 partnership. Surprise surprise, you only had to look at Waylands accounts to see they were brassic. In fact they are only next door in Richmond House Ely, (probably the same office). I wonder who paid for the recent new Ballek exploration permits? Perhaps they are solvent now.
This is another reason I just get a feeling we haven’t seen the last of CSP and his involvement / association with BEM. Or maybe its just the cynic in me.
Sorry Mick, but after what we've all been through here, especially with the ridiculous amount of time spent waiting specifically on Kallak, it just p'ed me off. Extra pasty for me tomorrow, if anything, I can attempt to lovingly eat myself to death. Lol.
Thanks Mick. Hope you get the 20p. I'm not sure I like the sound of Kurt's reply though. Kallak is 'the' asset as far as I'm concerned, so if by some bizarre quirk of fate the Government doesn't give the Licence then I'll be devastated. Ballek is in its infancy, whereas we've spent years on Kallak, and it's the sole reason why many of us invested. I couldn't stand to go through these lengthy processes again with another 'main' asset. Kurt is keen to make our Company a multi-metal outfit, but I'm hoping he's appreciating that Kallak must be a winner, or we are in the crapper. How would failure now on Kallak attract new investment into the share for Ballek?
Finally, if Kallak has a successful outcome with the Concession, which I believe it should and will, then I'd rather Kurt focused almost wholly on expediting the development of the deposit, increasing JORCed tonnage, upping the level of JORC on it, preparing it for production, rather than neglecting it now to focus on Ballek or whatever else. Many people's lives are tied up in the success of Kallak and he should be mindful of that. I hope he is.
Sorry for the moan Mick, but I've seen Chairmen work on projects in the past, spend much time on them, reel in shareholders with the promise of greatness, then just move along to focus on another 'biggie', discarding the former project as if nothing had happened. I'm sure it's not the case with Kallak, but we shareholders have been here longer than Kurt and have endured much. His response to you seemed a bit insensitive, in that, don't forget we have other assets.
So far, this share hasn't been funny, and I would say it's only the Kallak asset that has kept most of us involved. The onus should still be on that, almost entirely. Kurt has to know that, or in my opinion, shareholders will call it a day.
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