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Is a good sign IMO
If you remember all this stuff was debated earlier in the year, getting support across all parties except MP and where the Government abstained they did so because the item was 'in hand'. So this hasn't just begun it is already what the Riksdag supports...naturally the Riksdag will shortly be looking for some action on these past recommendations.
I have a sneaky feeling Kurt knew the timeline of the KU investigation when he did the last funding. I think Feb is the payback for the loan or convert into shares. Coincidence - maybe, but I think not.
2013 the year we submitted our application and put us on the anti-mining brigade's radar.
Here it is again....The Riksdag supports:
https://www.riksdagen.se/sv/dokument-lagar/dokument/motion/mineralpolitik-for-en-stark-gruvnaring_H802701
Exactly Suzy2...
Yes, nobody could call it fast....but we are seeing movement in the right direction; we've had to endure plenty going the other way. And we're backed up by The Riksdag supports initiative now in full swing. The sun's coming out. ;-)
I for one appreciate your honesty... But perhaps you need to cool the jets of your countrymen over in Sweden... 10m shares traded v 500k here suggests they are the ones that need the facts?
2013 Andy ,your a new member,
Hehe, nope, doesn't sting - I'm used to be questioned on this board; I've been questioned since I came here in 2013, because I've always wanted the facts and not wishful thinking.
The RNS was the correct thing to do and offered clarity. It’s not a boom and bust company, and to create investor confidence, the company needs a stable share price.
The suggestion that some posters only ever appear to deliver negative news must sting a little?
You always seem a little over zealous in your delivery for someone allegedly invested?
the rns was a matter of don't get your fingers burnt to the share holders
If "someone usual appears to dampen the fire" than this time it was the Company, with their RNS-clarification that this only was a upcoming review of the the Governments handling of the application.
But it is moving... And there will be people on that committee with an axe to grind against the government. There’s always a silver lining...
Yes, this is the Constitutional Committee hearing that was supposed to happen this spring/summer, but got postponed to the autumn (the article is from October 2019, so this isn't really moving forward fast):
https://www.svt.se/nyheter/lokalt/norrbotten/m-attias-karlsson-vill-att-hanteringen-av-kallak
Thank you Pocko ,will be there with you,
And yes TheFarEnd, someone usual appears to dampen the fire. Some posters relish delivering what they perceive to be bad news.
It’s been a rise based on positive sentiment, and perhaps an unfounded expectation that something will be announced next week. Knowledgable investors knew this wasn’t the case. But, the very fact that it is now being discussed is a real positive in my opinion.
And yes, it’s already delayed, and yes, it’s likely to report back in January, and of course, the government is likely to take time to respond. Delaying tactics? Of course. But it’s being reviewed, and that can only be a good thing.
If BEM don’t get the outcome that is just, fair and lawful, then we are likely to see Budge press that nuclear button.
Will there be volatility on Monday? Absolutely. Short term thinking by Swedish investors is likely to take hold in Sweden unfortunately. It always does...
But today demonstrates once again just how quickly this moves. The reality is that there is less than 200m shares in circulation on AIM which is low. Hold your nerve and hold your shares.
Funny isn’t it Suzy etc, supposed good news comes everybody is over exited with high figures quoted then bit by bit the post turn negative until it doesn’t seem like good news at all, and for somebody like me at my age could give me a heart attack! Let’s get more upbeat this only happens once in a lifetime,
Good guidance of a timeline farend... so no excitement until spring next year... the LTH can surely wait yet another winter.... and if confidence grows as the rumours will certainly grow aswell it will be enough time to gather a few more shares... when we drop back to 5p.... ;-))
GLA
I was waiting for something to put an end to all this exuberance Andy and sure enough once again the Swedish way of doing things didn't disappoint.
It's almost as if this so called "reviewing of "the Swedish Government's handling of the Company's application" was somehow instigated by none other than the Swedish government, but that's just the cynic in me.
At the very least they'll be "off the hook" throughout the winter months because if this report is concluded on time, the government will take just as long to make their response.
So we'll be waiting until March/April.
It's a wonder how anything progresses over there at least the reindeer can do what they want.
I guess I'm lucky than some 'longtermers' here in that my average is 3.79p and has been showing a paper profit for sometime now but still haven't walked away yet.
The day's of dummy sells/buys to get a realistic price with the ridiculous spread are long gone for me, I'm just........here, a bit like the ore in the ground lol.
Enjoy your weekend everyone and the winter for that matter, cheers.
Yes Sooz. x
Andy, is that the Constitutional Committee is reviewing the Swedish Government's handling of the Company's application (which intention it registered on 8 October 2019) and it has announced that it is meeting on 13 October 2020. And we further understand that it is not advising on the final decision to be taken by the Government.
Was fun while it lasted though
Spoilsport. Lol