Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Re "By playing along you are eliminating the options the goverment can take against you. for example the goverment pokes you with a stick and when you show your teeth like a rabid dog the goverment can say, look he is dangrous we gotta stop you."
And if you always turn the other cheek, you get very sore cheeks.
Point missed xeno. The adage can of course be a good thing or a bad thing but it rarely switches between the two
Well if that old adage is true then whats the point of working out? or running? does not that increase the muscles or improve your stamina?
And the point to mr lbj that if the kallak mine deposit of 33 billion pounds was known to the swedes during the 30s beowulf would never have gotten the permit to search in the first place. there are alot of places where ppl think deposits are but alas it shows very often very small amounts and those prospekting projects costs ALOT and not many ppl can put their money where their mouth is.
Im no expert but i dont think blameing a ceo is the right thing to do when its a green socialsit goverment working against the company. it has been a socialist ruleing goverment since the 70s with the occasional few years with a pro company goverment. Playing hardball wont speed up the process or increase the likelihood of it going in your favor.
by being patient and not going away is a better path to take because it shows the authorites that you are a serious actor and not irresponsible. By playing along you are eliminating the options the goverment can take against you. for example the goverment pokes you with a stick and when you show your teeth like a rabid dog the goverment can say, look he is dangrous we gotta stop you. but in this case beowulf is getting poked ALOT for a long time and still no teeth have been shown and the goverment cant use the dangerous card against them.
A big theroy on the net was that one of reason beo does not get a yes is because it was not enough swedish shareholders in the company. wich is an apsurd thought. it does not matter what nationality the company shareholders have the goverment will get their taxes either way but still even kurt mentions it just to apease. One of the biggest employers in sweden are owned by china and they get every favorable treatment possible from the goverment, a lot more so then the swedish owned companies. Diplomacy with brute force with a list of demands is not a good option for companies to take and kurt knows this.
The berst course of action in this scenario is to just simply wait what the unesco report says. if its positive and says it does not impact the laponia then a aproval from the goverment is the only option left for them, no more excuses.
And worst case scenario if its negative and unesco finds someting that they find wrong with the mine and the goverment says no then kurt could take them to the court and explain the boliden scenario plus show that there are already mines both old and currently operating closer to the laponia border then the kallak mine and get rekitified that way.
Re "Eight years + waiting for a decision is too long and everyone agrees with that including The Minister but we're not alone, no new mining project has been given the go ahead in the last ten years."
Suzy. Is it possible that the reason no other mines have been permitted, simply that being so determined to deny BEM the permit, the government position would be untenable to then grant other mines. Nothing else will be passed until Kallak is sorted one way or the other.
Suzy. Not sure it's relevant how long I've been in BEM. Was first brought to my attention by a work colleague over 10 years ago who saw great prospects but saw it as a very long hold before being in the money. He certainly wasn't wrong there. I actually invested 4 or 5 years ago as it happens.
What is relevant however is the old adage that if you always do the same thing, you always get the same result.
Baylan knows this and plays on it to the max.
Suzy2,
“ and KB only manages one of them “
He is not managing at all. He is happy to spectate and fire off the occasional email. You say he has delivered. He only has to deliver one thing - the concession, and he has not delivered it, has he.
Blind faith and wishful thinking is ineffective.
Ibjj...Permitting is always the big risk in a mining project, you know that as well as I do. I'm happy to agree to differ but I'll stick to my own opinion if you don't mind. Eight years + waiting for a decision is too long and everyone agrees with that including The Minister but we're not alone, no new mining project has been given the go ahead in the last ten years...and KB only manages one of them.
Suzy2,
I have to take issue with your last post. “ Kurt can only deliver the best potential mine project there could be and I think he’s done that”
1. The SGU identified the Kallak deposit before WW2. Nothing to do with Budge.
2. The exploitation application was submitted in April 2013. Nothing to do with Budge.
3. Almost 6 years in post and he has not progressed the application in any tangible way.
4. There are 4 times the number of shares in issue compared to when he took up his post.
He has delivered nothing other than dilution and amateurish presentations when he’s needed funds.
His performance has to be measured against expectation, and he has failed for far too long, with minimal prospect of any change to the current situation.
I think he's playing the party line with the full knowledge of the PM why would he do otherwise.
3card...How long have you been in this...I've been in for over ten years and I haven't decided yet to give it up and that's my choice...it isn't a matter of no progress, it's a matter of no decision and only the Government can deliver that. Kurt can only deliver the best potential mine project there could be and I think he's done that.
3card, you are possibly right. Lol. But it depends how Kurt worded the letter. It would surely have to reflect Baylan's unwillingness to engage and cooperate with BEM. That kind of thing. No joy from the Minister, no option but to move the matter on to the PM.
Only my view.
Disagree on that one Eric. That would merely give the PM and Baylan an excuse to delay matters further while they decide who the letter should have actually gone to, namely Baylan
"It has to play itself out, there's no point really agonising about it...it is what it is."
Suzy, just as a matter of interest at what point of no progress would you see yourself moving to a more sceptical or critical position?
Sooz, good on Matthius, but that question could do better I feel if he had addressed the matter straight to the PM and not to Baylan, who is the problem. Or at least appears to be.
Kurt has no power in the Riksdag but he could write to the PM.
Eric...Matthias Karlsson has just done precisely that, and that's the only way to move it because Kurt has no power in the Riksdag:
https://www.riksdagen.se/sv/dokument-lagar/dokument/skriftlig-fraga/bearbetningskoncession-for-kallak_H8112797
And, furthermore...Matthias Karlsson has just put a question to the Minister asking why he has allowed this matter to take so long when a normal consultation period is three months. That might have speeded it up a bit.
It has to play itself out, there's no point really agonising about it...it is what it is.