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I wonder if kurt speaks swedish and whether or not that would make any difference.
One might argue not necessary as his chairman does and most swedes probably have a good grasp of English but when in Rome and all that
Exactly John. Good points well made.
These boards make me smile at times, since my registration I have become an expert in mining iron ore, gold, biochemistry,epidemiology and financial wizardry from a multitude of anonymous posters,all posting a wealth of knowledge due to the goodness of heart ! Or,not. In addition I have gained insight into duplicity and scepticism from many posters who clearly have higher opinions of themselves with subtle deramping and malice balanced by ulterior motives,fortunately offset by a core of good and decent people. For ten long years I have been patient and will be until a decision is made , however long that takes. Kurt has a package that depends on a positive Kallak decision and has been exemplary in a CEO role that few would envy. People like Eric and Suzy may differ in politics but have helped me endure the boredom and I have often sensed an underhand effort to undermine their resolve in order to discourage LTH investors. If you don't know the score by now cash in and go is pefectly reasonable advice to me.
Forgot to mention it earlier...Takayama's post has reminded me of it.
aug59 - fair point. You're right. I don't know what is going on behind the scenes. Perhaps he is trying alternative strategies. Cheers.
EricDraven - yes I have read his posts. And to cut to the chase, you were rude. Such behaviour is unbecoming. You should respect other posters' views.
johnthegolf - my post isn't about mining. It's about getting the business to succeed. People put up money because they believe in the asset. If I were a conspiracy theorist, I'd say it was almost in Kurt's interest for no decision to be made. It's a tantalizing asset. People are tempted to buy in. If there is a decision against realising the Kallak asset, then he won't have such ready access to cash in the future. No decision locks in the temptation. And, oh, QE helps. (as in Quantitive Easing rather than Her Majesty, to avoid anyone missing the point). And being interested in a company and how it's run is about keeping the board on it's toes. It's an essential part of corporate governance. But you're right, it isn't part of greed and making a quick buck by not rocking the boat.
Morning John. Thanks for your thoughts...we're beginning to see daylight I think. There's at least a bit more transparency and the Minister's most recent statement on where this process is at has a much wider audience. And we've got enough money in the bank to press on with other stuff...we're in a strong position.
Very disappointed to read your post.The last thing this company needs at the moment is a bunch of whingeing shareholders.Just imagine where this company would be now if KB listened to and acted on each shareholders comments.We would have been long gone.I agree every shareholder should have an opinion but if you don't like what KB is doing then sell up and move on - simple! But this is typical of life itself .Shareholders with not a clue about mining but see the potential, telling an experienced miner at the helm what he and his board should be doing.That is the JOKE!
Going to court and then onto another and then eventually to the European Court (if we could afford it) would take a damned sight longer than sitting tight and waiting for a change of government. imho.
Sure, TSP has the right to vent his frustration here but vent it at the right people.Direct it at the Swedish Government and not at the man who is doing his very best in the circumstances .You say yourself that he has managed to raise far more cash from shareholders to build the company, I wonder why that is? I would suggest there are a lot more people out there that have confidence in KB and his approach than TSP.I remember when CSP left BEM only 14% of shareholders were Swedish and now under KB it has risen to 70%.I wonder why that is? Undoubtly he knows much more than the rest of us put together and is playing his cards close to his chest for the sake of the company so we must be patient which personally I am happy to be but if my patience should run out then I too will excercise my right as a shareholder and bugger off too. Enjoy your weekend.
Atb.
Kurt is playing the long term exactly as he should. He has been patient and trying to cooperate with both sami and the swedish government. The government has shown their incompetence so much that even the media and politicians within have started to pick it up. If it ever goes legal we would win :)
Have you read some of his posts? No, it wasn't over the top.
Evening. Takayama, with respect, you are well wrong with some in that post imo. It does seem that you want to portion blame for the delay on KB, without knowing all of the facts…. The KU report is pretty clear on, who in the process, has lacked in imagination, and much more, and yet, you fail to mention this – for balance! Odd that!
Any submitted proposals that receive an official objection, is not then automatically awarded with, or carries any title of, “conflict of interest” – regardless of any claim to such! Any possibility of this, and/or other is for the Government to yet decide on….
You cannot possibly know of, if KB is lacking in any, “imaginative thinking”, that you assert, would be required to help the process, because, we as investors are in possession of the reported facts only, and these reports do not include any details of any negotiation[s] with anyone whatsoever… But of course, your comments may result from you being privy to unreported facts, in which case, you shouldn’t be posting on an investors board… My imagination tells me, that if the Kallak ore was only half as good, we investors may very well have had to wait only half as long!!!......You see, imaginations do run wild! What’s required here only is, a proposal that will stand the test! The CEO has said: we’re good!!!!.... Imo only. atb…
EricDraven - It's a bit of an over the top response from you, don't you think? Top Share Picks has a right to his opinions as an investor and he shouldn't need to simply sell up if he feels disgruntled with the way the BEM board is working. That's what share owning democracies are all about. Shareholders have rights. Tbh, I'd have thought you'd respect TSP's view a lot more. From what I can make out, you've invested a sizeable part of your pension in the company - and you risk losing out a considerable slice of what you have been working for all your life if the company doesn't deliver, losing out a lot more than many other small investors here. BEM has bucked the trend in holding a degree of value in all these years compared to many similar small m&e businesses because of long term holders (such as yourself, myself and others) not selling out, something we are all doing because of our belief in the realisation of Kallak as an asset. Kurt's on a roll with the cut of shareholder he's managed to get, and he's even managed to raise more and more cash out of them to build a company. So he owes us to try everything. And that includes treating this not as needing to wait for a process to complete but as a conflict of interests that requires imaginative thinking, outside the usual scope of a small cap m&e business. Let's face it, Kallak is the glue that is holding the company together and if there is a rejection, well, you can kiss your pension pot goodbye. Regardless of what your personal views are of the other assets, I can guarantee that the majority of shareholders, and the market, are holding for Kallak only. With a rejection, there won't be as easy access to fund raising anymore and the company will be trading at the 0.25p level if that. Frankly anything that can make it work, I would have imagined, would be welcome, not least by you. We're all frustrated by the lack of progress, some choose to simply sit back and wait, whilst others seek a more active posture. TSP is right to be frustrated and you should recognise that.
Pocko - I'm not really comparing a mining application to conflict. I'm comparing the fact that they are all conflicts of interest. They are of different scale, but they are conflicts. And the point is that it is possible to move conflict towards resolution. All conflicts are of a different scale. Not sure why you'd be offended by that point?
Well bugger off and do that then.
then factor in the fact that nothing else of any value is happening with the other assets what is there to add shareholder value zilch hence why the share price has done sweet fa. Might as well have bought a fantasy currency bitcoin
Beowulf mining has literally turned into the joke of the decade or there abouts. Kurt Budge has literally delivered nothing. Its all good and well saying his playing the patient game but really cmon. As an investor Im sat here today with not a single shred of information when where or what is happening, its a joke.
I’m not sure what’s more offensive... Comparing a mining application to the troubles in Northern Ireland or 52-years of FARC in Columbia. NI probably just edges it... Os our new chairman not an Swedish ex-politician?
Not too busy to attend the Canadian Mining Conference and say Sweden is open for business.
I'd agree the process is less than honest. It is serving one side rather than the other. That's the problem with relying on a process. Lovely idea if it worked but human nature interferes. So the key is to work on the human nature part. It happened in Northern Ireland where opposing sides were brought together for the common good, it happened in Colombia where likewise happened, and many other places. The situation BEM are faced with isn't too dissimilar. A conflict of interest that isn't being resolved. The problem is that it's all a bit too much work, and too low a priority for Baylan, so really the BEM board should look elsewhere to find a way to get people on board and present a solution to the government. It's worth considering that other similar differences of interest have been resolved without conflict and without little brown envelopes stuffed with wads of used notes. You just need to 'think outside the box' a little, to coin a phrase. Not sure if the board are considering any strategies beyond sitting back and waiting, but it would help to be a bit more proactive in resolving this. Hats off if they are.
You are right on that all Pocko imo. atb
And yes, the cancellation of the planned exploration is a good example of that. The Swedes were happily pulling pints in downtown Stockholm, merrily rioting and pillaging as is the norm in Malmo, and yet we weren’t able to explore in a wilderness... Utopia? Socialist Dystopia more like...
It is ‘down to others’, but can no longer be left as such. Those ‘others’ as you describe them, whether friend or foe cannot be trusted or relied upon.
Afternoon. Pocko, “should only have a very narrow environmental interest” I’d say so. The whole process has become something less than honest imo. I got the impression a few years back, that someone, for some reason, is not so keen to see Kallaks fully measured yet. What I mean is, should we have a burst water main in centre London, we might then expect a halt to any exploration at Kallak. Anyway, its official, the process has not served BEM well, and it is for others to deal with that. Imo only. atb
Notice I wrote HIV instead of HIA..sosrry. Lol.