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Delivers a 15% drop over two days lolol…. Make that decision Mr Baylan we could thereafter get to hear just how your hatchet man will tell the Mining inspectorate
Hi Tak, thanks for coming back with an honest reply. Best of luck with your investments too.
ATB
Hi Stratosfear. I was responding to a question that WIW asked. And yes, I've sold up. But I have to admit this is a really interesting board, not least because of some of the characters here! So I'm going to continue to read and post. I may jump back in at some stage. Or, I may miss out on a dramatic rise should a rabbit be pulled out of a hat. Good luck my friend. I hope you do well whatever you are planning to do.
Tak, you still here? You mentioned yesterday that it was wise to sell up and come back in 12/24 months time, now you've upped it to 48 months!
Please tell us all, have you sold up all your holding yet?
If not, please stop preaching on how the rest of us should invest.
Takayama I’m getting on for 83 years old help !
Wotitsworth - Again I find myself agreeing with you (and many of the other posters here but, unfortunately not the rampers), so the reason for my expectation of a drop? There’s enough in the Inesco report to warrant an enormous amount of time and work. Eventually, the licence will be granted, albeit in five years, twenty or fifty years for all the reasons stated above. But it’s the OPPORTUNITY COST of holding here for what will only be a four or five fold rise, for which you can buy in anyway-even when it is up 30-50 percent. It’s all about investment strategy. There’s enough wise people on this board to conclude it’s a no brained to jump out at this point until the ground settles. And that’ll be in 12-48 months. In the meantime, there’re plenty of other stocks that will get you a return. You can even sell now and buy back in when it hits 1p or 2p. Double your money easily then. But yes, BEM has got a good case, but it’s got a formidable opponent. So it’s going to take time. The risk is that it takes too long and BEM runs out of money. Then you lose everything.
On some of the Beowulf Facebook groups the Swedes still seem relatively confident on getting this over the line..I'm still holding on, and little top ups on the dips.. GLA..
You’ve got to love these folk...who drive cars, use electric toothbrushes, live in homes made of steel and who feel they have the right to comment on land outside any agreed jurisdiction. I was expecting them to say it was beyond their remit but would recommend treading lightly and collaboratively. This statement is inflammatory and only ever likely to polarise the debate. Of course they were going to say it would damage their site...no doubt they raised objections to Chernobyl being built so close and they ought to be asked whether my new veggie patch might impact on Laponia...I use weed killer after all! Seriously, I’m so p155ed off with this entire venture...10 yrs of my life watching and supporting something that I believed was good and worthwhile...
Who would ever want to deal with Sweden, their incompetence rates worse than any Africa state! As for a different government in a few years time...don’t bank on it, Swedish investors have hardly been banging on the doors of Baylan etc...these people will be voting...no, I think Sweden is happy with their jobless falling futures...they’ve got their reindeer and good luck to them...this is not a modern state...and I suspect international investors know this. The fact that Kurt has got BEM into Finland and Kosovo shows that he kind’a knew this is hillbilly land...
Thanks Eric...we'll battle on.
Hiya. I missed the drama yesterday so had a brief look only at the RNS and then today's response from Kurt. Seems to me that UNESCO still hasn't come up with specific facts as to what exactly and how. One could argue that if the Sami decided to herd their deer 500 miles in any direction out of the WHS that upon their return things would be the same within Laponia and with the deer etc. It's all general guff, in my view, and it's taken UNESCO seven months or so to come up with more generalised padding that will halt our progress, yet absolutely shouldn't. When we completed the voluntary HIA according to UNESCO guidelines, nobody at that point batted an eyelid.
Furthermore, the KU report is totally valid. The Government failed to have an administrative measure in place for at least three years, to move our application along, and then Minister Baylan did not set a deadline by which time UNESCO had to return its comments on our case. This being most unusual in itself, so now after seven months we have only generalities. Nothing factual, but all certainly detrimental to BEM, who has only ever completed everything necessary, and more, to the T.
UNESCO effectively has taken it upon itself to interfere with a mining decision, in my opinion, when we are nowhere near or any threat to the WHS. We would only be a potential threat if the Sami herders drove their deer trucks through Kal's fenced boundaries, and surely that could be seen as criminal damage to our business property. Neither do we have any intention of venturing into Laponia.
All of what is occurring to us is one-way traffic to our detriment and completely unjustified. Green, sustainable mining that will create jobs and not pollute the environment, not near Lap and it was decided no need for a buffer zone for Lap, in spite of Kal being a deposit, so I'd press Baylan for a decision now. He's in a tight spot.
Nobody has yet mentioned about UNESCO doing its own survey or HIA re Lap in relation to Kal. The other way around. If UNESCO is going to make comments that affect a potential private business then we need proof of why it is that the status of the WHS is under threat. Let somebody else do the work and come to us. We are the ones doing all the work and are getting nowhere.
Seems a foul game all of this. Lol.
Best wishes everyone. I'll be staying until we win this battle, then the war. I'm confident a legal team can cut right into UNESCO's offering, if necessary, and throw it back at the Government.
Only my thoughts.
I also agree with extracover46. It's time to "take the gloves off" and start a PR campaign in Sweeden, using all forms of media and undertaking appropriate lobbying. Don't understand why shareholders in Sweeden are not lobbying their MPs, writing to the Government etc.
Has anyone seen the Government request to UNESCO and any representations made by other parties? Surely, BEM has a right to see this, if necessary using Freedom of Information laws. Also UNESCO is supposed to be an open organisation.
Thanks S2-I trained as a town planner many many moons ago but the "clever" tactics employed by pressure groups and organisations that in theory should have the ability to think outside their narrow little boxes have led me to seriously consider whether deep-down they just want us all to go back to living in caves with Greta for company!!
Humans are being blamed (not always justifiably) for all sorts of things that have and are qoing wrong with the planet-the human resource element and community sustainability in a p££s poor part of Sweden just doesn't seem to be able to cut the mustard as far as BEM's case is concerned. I fail to see what is "traditional" about Sami herding when they now use all the modern gizmos under the sun to herd their flocks! Co-existence and mutual respect should win the day but is Sweden brave enough to accept it?
Very good idea Extracover46...it's pretty sinister when you think about it UNESCO thinking themselves guardians, judge and jury on OUVs, it's totalitarian. There's an article about the Dresden Bridge project somewhere describing their preoccupation with the past and that's good to nobody. Baroque palaces or a useful bridge? I think the bridge actually improves the Baroque Palaces ..a link between the past and the future but more of the future.
As BEM's response is already RNS'd I suggest a clever move for Kurt would be to take out paid space in the (local/regional) area's printed media to put it out in black and white exactly what BEM said in the RNS, word for word. He could then follow this up with looking at using sympathetic national media.
A word in some of the ears of the UK's financial journalists wouldn't go amiss either.
This is totally disrespectful behaviour by UNESCO and their Swedish followers in only letting Kurt know of the response several days after others have been party to price sensitive information.
Maybe not that long Maddog...new Government next September, can't see this lot getting back in...and the Mining Industry is high on the list of election topics for the Moderates. But that's worst case ...things might be better than they seem just at the moment, there's a lot at stake for the whole of Norbotten.
this is not looking good at all" l am to far in to sell so l will have to sit and wait another 5 or 10 years for this to happen...
Reactions from Jokkmokk Municipality should be interesting.
The RNS this morning is the usual chronology of the company’s blameless behaviour and the claiming of the moral high ground.Sadly, the moral high ground is not a position of strength in this saga.Budge says he is seeking legal advice on the subject of early release of market sensitive information, not on the illegality of the government’s handling of the application and spurious involvement of UNESCO.He will do nothing.
Sadly we will be hard pushed to see 6p again.. enough talk and cooperation it's now time for legal action and play hardball..
Good, timely response...thanks Kurt. Shocked at that performance from UNESCO, incompetent.
WILL load up if she drops remember this traded at 60p years ago -- ONE thing if bem get go ahead it will 10 bag
Cowfish, you don't think the UNESCO report was potentially (if not actually) price-sensitive?
Takayama. I remain an optimist, but not holding my breath before Q4 at least. Don't know why you think it would drop. I think the only thing that has changed is that the govt must be closer to a decision. If they actually say no, then expect 2p during the lawsuit for sure.
A rather embarrassing report from UNESCO, I could have produced that as part of my O'levels. Sloppy control of market sensitive information and more consultation for the sake of talking forever. It is long past time for a more forceful response. A good legal team could destroy this political deceit.
T - I have to agree with you.
Far from being a trusted country for investment, this is a nail in Sweden's coffin. Far from a realistic decision. I doubt this could be viewed as anything but a corrupt collusion of individuals in positions of authority and it reflects horrendously on UNESCO.
Very dissapointing.