Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Pigs are very intelligent.
I'm glad I got another bundle at 0.61p...whether or not it was a great opportunity of course remains to be seen. 😊
Eric...He also confirmed what you suspected that the Vardar 100% wasn't fully completed but it would be, just admin stuff. And they obviously can't do with 4 million what they could have done with 8 million....but he was upbeat about getting investment...we did speculate a while back that the fundraise was a bit optimistic in the circumstances of the Appeal result being an unknown. What is a bit odd is that you just replied to a post I hadn't yet posted.
Morning Eric. I thought he said the cash would be used primarily for the two 2 core projects. And spending less on Vardar by bringing the management in house. If they are spending a little bit it must be because they expect to get something out of it. Have to listen to it again, actually I thought it was good, what Pocko might call a straight bat.
Suzy, yes, it’s changed from the situation Ed was confident of before the fundraiser, Pocko mentioned it as well, as in, the tune has changed from completion of the PFS x 2, to advancement of the projects.
Why we are allocating even 10p to Vardar at the moment and not mothballing it now we have the 100% ownership is subject to debate, but to me it beggars belief and logic.
But you know, I’m as thick as pig poo.
You never know, we might keep Vardar, advance the other two with proven assets, and do it that way.
I won’t be watching that possible scenario unfold though. No way. Lol.
Morning all. A neutral RNS for me. 100% ownership good, how we are going to continue to pay for more exploration into Vardar, it having yet shown us anything of commercial value, bad.
Past caring.
Well, almost.
Thanks Andy.
Chutless....He said the funding would be used primarily to advance the two core assets, Kallak and the GAMP in Finland.
11% of FA is almost FA 😊
It's gone up because Sweden has gone up 17% or whatever on the vardar conclusion. Hardly great news unless they divest it now to pay for kal and Finland.
Does seem strange they would rather spend the limited amount of cash on Vardar which has nothing over 2 PFSs on project that might add value and strangely the SP has gone up 11% on 2 sells ??
Thanks, straight from the horses mouth then. As a result of the low fundraise they won't be able to complete both PFS. However there are other funding options.. JV in either project. Interesting to see how that works. It'd have to be relatively soon too considering both are progressing.
Https://beowulfmining.com/beowulf-mining-plc-company-update-following-capital-raise/
Olly, why are you suddenly hanging about here like a bad fart?
Some lovely little sales going through today. Anyne else thinks this share stinks of rotten cheese?
Thanks for the reminder Suzy
"We need more mines to reduce Sweden's and the EU's dependence on raw materials from third countries. A secure and sustainable supply of minerals and metals is necessary to enable green social construction, strengthen competitiveness and electrify Sweden. This proposal is a cornerstone in the government's work to streamline and make permit processes more predictable," says Energy and Industry Minister Ebba Busch .
New regulations concerning applications in Natura 2000 areas but that doesn't apply to us because we're not in one.
https://www.affarsvarlden.se/artikel/regeringen-gar-vidare-med-proposition-kring-andringar-i-minerallagen
Thanks GortdonElGecko Placera Forum
RNS 22 Jan 2024
Here it is:
"The Company understands that the Court will consider the Government's submission alongside that of the applicant and is expected to reach a decision during the first half of 2024. Further updates will be provided as appropriate."
Hi Wots...We got a big boost at the end of January when the Government gave their response to the Court, which was a ringing endorsement of the decision made by the previous Government when they said Yes to this mine. It was short lived however because of the recent fund raise being imminent and so seemingly desperate. But of course we are desperate and who wouldn't be after waiting eleven years for the go ahead. Let's hope that leap up to the heady hights of 2.5p was coming events casting their shadow before.
Hi Suzy, I meant 3 months from the end of the last appeal (Sami v Sweden) which I believe was December..
I will have to track back the RNS's to get the last best guess at when the court should rule. But after 11 years how can this be so difficult.........I guess they just like to keep the courts spinning and wigs employed.
Evening Sooz. Yep, I see. Hope you enjoyed yourself at the party. Good on you. Court decision, well, it seems a positive outcome in favour of the Government is the only thing that will improve things for us at present. Ed surely also needs to find a way of cutting costs while we wait, in my view.
At least we appear to be funded for maybe another 12 months, if we only spend as absolutely necessary.
Evie. x
3 months Wots, where are you counting from? The Appeal began early December 2022 after two extensions taking up six months which makes it 2 years on the 22nd of last month month since the Government granted the Company's Application to Mine. And that's eleven years on 25th of this month since the Application was sent to the Government....I remember the photograph of Jan Ole Larssen posting it. We thought it would take about 1 year which is what it says in the Mining Strategy Document. Anyway, no point crying over spilt milk...were still subject to that decision but Dmytro Siergieiev has got some cash now to get on with it... of course pending the result.
Seems the Swedes are doing it again. Now 3 months into making a decision which should be a slam dunk.
Does anyone there decide anything.....even with the EU pushing they still procrastinate.
Perhaps waiting till xmas when all the Reindeer are busy :-)
PS At pace. :-)
Afty x