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Hello Treetop...I'm not selling until after the Concession and we get another look at the possibilities. But it's pretty nice to be back in profit....should have learned but I haven't. Lol.
Suzy,a fair comment on gambier's post but we then revert to the graph cycle many years ago of mine exploration and development.
several consider Kallak target by LKAB
It is very possible that LKAB will buy the whole of Kallak or if it becomes a partner with the company. Incredibly exciting times! Soon so.
Many of the concerns of the Sami are certainly also justified and will be baked into future terms. Some may in the approval of BK, but then also in the environmental assessment, which will then benefit LKAB, which has both local knowledge and financial muscle to enforce these. Either as a partner or as a new owner of, among other things, Kallak.
Went out for a hour or so and Sweden has got quite excited. If the Minister planned to say no to the concession or just procrastinate as per Baylan then I would be surprised he is making so many 'positive' statements. He would only annoy many of his own countryfolk if he backtracks now. GLA.
Var är översättningen?
Sarup, her is the link for the Swedish chat board
It should auto translate once the page has loaded
https://www.avanza.se/placera/forum/forum/beowulf-mining.html#8234003
It's the Swedish version on LSE
Sarup, fyi
https://www.avanza.se/aktier/om-aktien.html/137349/beowulf-mining-sdb
PJJ
what is Avanza? thanks
Sweden up 18%
still holding around 13p over there!!!
Moderate jump...13p on Avanza
Thanks for your thoughts Gambier. This is going to be the tricky bit...if the decision is Yes:
" I would sell on the big upswing, with a general idea of selling early into the upswing to bank the profit, knowing that I might lose significant upside. "
lbjj you getting excited now there’s a thing ,ha ha ha
Fair enough gambier
Unless there is a leak by Friday that the Sami have conceded defeat in this matter ( improbable in the extreme ), then it is just another talking shop. No harm in listening to more pro- mining chat from Thor, but I would prefer to wait for something more tangible before getting excited myself.
The Sami’s comments may not even arrive by the 16th deadline. They have plenty of previous, do they not?
“gambier mind if i ask whats your position here and your thoughts for friday”
I don’t take notice of supposed dates for announcements. Swedens political systems / institutions have proved to be wholly unreliable in this matter.
My position is that BEM has a significant iron ore deposit (with early indication of very high grade - further development required) and that the resource is significant enough to warrant a concession based on geo-strategic importance (I think this is understated), economic benefit and limited environmental impact.
My belief on investing was that the Swedish government would see it the same way and move it forward. I didn’t anticipate the the gross obtuseness of the Swedish political system (I always thought Sweden to be a country of rule of law and economic practicality). I got this totally wrong.
My guess is that a concession will be given and there will be interest by other parties in a joint development, news of that will push the SP much higher than 10p. I would sell on the big upswing, with a general idea of selling early into the upswing to bank the profit, knowing that I might lose significant upside. (I started inventing at 1p and added at prices as high as 5p, I have just over 3 million shares - so higher than many on here)
I don’t believe anybody has accurate enough data on the deposit to start making hyperbolic claims for valuations. The initial upswing will be based much more on wild spirits of investors in any case. If the deposit is a good as the best case scenario might indicate, then valuations will obviously be much higher than any initial upswing.
That is my guesswork and strategy for BEM.
It's being debated in parliament... Nothing more. We might get a steer on things, but that's it
gambier mind if i ask whats your position here and your thoughts for friday
“11p over there”
It is the equivalent price over here. No arbitrage profits available unfortunately.
“13% rise yesterday in last hour 5% today and the chatter here is virtually non existent funny.
maybe folks are stunned into silence and eager anticipation for friday”
Not really. The chatter is typically your hyperbolic claims for valuations or good news. Any reasonably minded person who is positive about BEM would discount much of what you post as much as they would discount the hyperbolic negative.
mm's been playing with emotions its clear to me they tried recently to flush out weak holders!
THOR wants this Kallak mine he wants it for the huge social and economic benefits of the wider majority, not some pop up Sami herders.
Researching many of whom imo are not as genuine as they seem.
mega cap companies are far more damaging to the environment and culture than little old Kallak mine miles OUTSIDE a heritage site!
its a disgrace this isnt already producing!
NOT EVERYONE can OR wants to work for the likes of Apple, Tesla, Microsoft, Amazon, Google, blah blah blah!
Lots of young boys I know love driving diggers!
“Sorry where did the sp end ?”
At a price that in no way demonstrates anybody's ability to predict accurately share price movement from the bid / ask. Which once again is basic trading knowledge, in fact the most basic understanding of how a trade works. I cannot believe there are people who buy shares who do not even have an understanding of the most basic elements of share trading.
More likely we have seen a number of false dawns tsp, we know the zealots will be gnawing away at the new government hoping to weaken its resolve to satisfy their prejudice.