The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
- The long decision-making processes build a great uncertainty both with us as a company but also with the population, for example, in Jokkmokk and its politicians. It is not good for the development at all, therefore I see the Prime Minister's statement as a good message even though it is difficult to say what it leads to.
The government has just turned to Unesco for clarification on the Kallak issue. How do you look at it?
- It is about the host heritage Laponia and our proximity there. We ourselves have submitted a report earlier that we will update. I also see this as positive. It is good that this is sorted out although I may think the issue from government could have come three four years ago.
The cold project is, and has been, a conflict with hard protests, not least from affected same villages in the area..?
- I am full of understanding that it raises strong feelings and concerns. At the same time, we cannot choose where the ore is located. Finally, the question is whether we should break clean ore in Sweden or import '' dirty ore ". Then we have worse control and jobs disappear, says Sven Otto Littorin and continues:
- Giant LKAB should change its ageing technique, which takes a long time. We are a small company that can do everything right from the start. It's interesting and the issue is politically charged. But I like challenges and I would, preferably of all, like to make Jokkmokk a national center for sustainable and competence-developing mining industry in collaboration with, among others, Luleå technical universities. It would mean a lot to the municipality and create long-term jobs.
Sven Otto Littorin is the newly appointed chairman of Beowulf Mining. He welcomes the Prime Minister's statement on more effective permit processes regarding the mining industry.
It was in connection with LKAB presenting its billion-wide investment in transition for the future that Prime Minister Stefan Löfven promised faster answers to questions about mining and electrical grid permits.
'' Strong initiatives should not fall on the fact that it takes too long ", the prime minister stated among other things.
The statement has aroused mixed emotions. Hats off at the advocates for increased mining in Sweden, thumbs down from the opponents to further exploitation.
Sven Otto Littorin is the new chairman of the board in talked about Beowulf Mining, who since almost 10 years has waited for the government's permission to open mine in Kallak outside Jokkmokk. He looks positively at Löfven's statement and says that this must obviously apply to the whole mining industry, not just LKAB.
From the facebook page:
KU has examined the application for processing concession for Kallak. In that case, no visible administrative measures were carried out for nearly three years. This means a delay that is not acceptable, according to KU.
Does anyone know what happens now? Nothing done for 3 years and severe financial implications. Heads should roll but won't!
lbjj is exactly correct, you always leave what is a guaranteed purchase at a specific price until later.
All talk of the monies going to BEM will make absolutely no difference to your investment or BEM's bottom line.
Here's an example, I recently took part in a capital raise at SAGA followed by a consolidation. After the announcement the SP retreated below the offer price. At that point I bought the same number of shares as my entitlement on the open market (still retaining my entitlement).
The SP drop continued well past the offer price, so I purchased many more, again on the open market. My entitlement obviously lapsed.
Surely it's basic financial sense, but saying all that, even after applying to your broker for your intended take-up, you should be able to cancel anytime up to the closure point. As you know in practice that's not always possible, another reason for you to be in control and not the broker.
He doesn’t 3 card he hasn’t got any ,
LBJJ re 2p or 3p.
It's called investment risk. We all do it sometime
I imagine the Government can do whatever they like...the KU will investigate what they do and present if for the Riksday's assessment and the Riksdag will express their confidence or their no confidence.
If the Government has sent it to UNESCO only while under KU investigation and without the KU agreeing to it, then the Government should be in deep sh£t.
If that's true, then surely the KU would have had to approve the Government doing so, because previously it was only a suggestion by the Government.
Yes, true. It wouldn't be any kind of offer at all then.
The point I am making is that, should the SP be 2p on offer deadline day, then you would not be taking up the offer at all?
Al, we each have to make our own choice on what is best for us with this Offer. We are all here invested under different circumstances and with different timescales.
Best of luck with whatever you decide to do.
It's rumoured over there that the Government have sent BEM's Heritage Impact Assessment to UNESCO for their comments. The fact that we have submitted a HIA is due to Kurt being on the offensive because it wasn't a requirement in this stage of the process...and it was completed in accordance with UNESCO's guidelines. The Government's shabby behaviour is about to be revealed I trust.
llbj ,that’s a bit rich coming from someone who is not even invested here, I much prefer seeing the other posts thank you ,
The KU statement is already out. It is as insipid and bland as I predicted without any sanction or call to action on the government.
Al, I have my off days but I don't talk this up or down to any purpose, I'm long and I intend to take up my options. I've been in for eleven years, I've never sold a share and I intend to stay in for all the forthcomingness. What the KU have to say will be interesting and they're speaking live in a Press Conference at this moment...it might have some influence on how many I buy but I'm confident they will be very critical of the Government.
That is a valid point, but some of us will want to see our money go straight to the Company.
Your statement is ridiculous.
If the SP is 2p in 3 weeks time, how does a decision to take up the offer before you need to stack up then?
Suzy etc, are you taking this up now or are you waiting until nearer the date ,I’m all ready to go and can’t see waiting will serve any purpose,
Good thinking Aug...that's about it imo, we're strengthening our arm/s.
Afternoon. Suzy2, yes, a little bit of blue today. There is many ways that investors can view the offer, because KB is hoping to raise millions. We have covered most of them here. One way is, if a concession is granted then BEM could engage with potential strategic partner(s) pronto, without the pressing need for immediate funds, an issue that a potential partner could otherwise want to exploit, in the wider considerations. Maybe, that is not KB’s thinking, but it should be. Further, any legal action could come without further warning, and Baylan would appreciate that. So, the offer at this price, at this time, does have investor value. Imo only. atb
Good for you then Sooz, but we'll have to agree to disagree about the presentation.
Little rally today though, as you say. Pleasing to see. More uppy downy over the next few weeks I should think, but if we don't sell, the mms in theory shouldn't drop it. Lol.
x
That's a pretty sweeping statement even for you Ibjj...not forthcoming. We're seeing a bit of blue this morning which is quite out of the blue in the circumstances of the fund raise. That presentation, was sincere and enthusiastic and that beats polish for me any time , it had that little bit of fizz, excitement....it did it for me. :-)
Yes but new investors are only going to get on board in one of 2 ways, if existing shareholders sell, or via a placing which, let's face it, none of us wants at this time.
Far better a JV or TO at the appropriate time surely.
The offer is open to existing investors.
Budge’s recent presentations are aimed at new investors. They are not forthcoming.