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I have always said that if we do not open the mine someone else will i.e the government over there,
I have no doubt if the government wanted the mine to be mined they would have pressed themselves and found room before now to do so ,
they would have paid these people off in some shape or other I quite believe we are being totally stitched up and they are just waiting for the company to go bust ,
just remember that the Independent Mining Federation in Sweden said that at this stage we are at now the value would be well into the higher millions of pounds that was when we started getting blocked by one thing or another,
just so you know the company is worth more on paper than in reality what we need is funding quick time.
Hello Maddog....Those thoughts don't totally stack up. I'm sure the Government don't care if we go bankrupt or not and as you say someone else will mine the resource if we don't. But the decision by the Court would be incumbent on the Government and anyone else...so if its goes against the Government nobody can mine it.
Having said they don't care, I suppose they might care to be a bit mindful of the Mining Strategy Document which invites foreign investment into mining exploration, which they don't budget for themselves.
Suzy2/ you never know what goes on behind closed doors just think outside the box money talks every were .
Are you aug59 in disguise?
Absolutely nothing has occurred or been discussed behind the scenes for the last 14-years, that much is quite evident from our lowly position.
Not to say that won't change... But history is a great teacher.
Morning All. Just to add to whether or not anything has gone on behind the scenes...personally I'm glad if money hasn't talked because it wouldn't have been good if it had. Our situation was taken up by the Government Opposition parties, now the Government, in so far as they questioned the reasons for the failure to progress the Company's Application and they called for a debate and an inquiry into it. So it was wrong for me to say the government didn't care about it. We know the reason why it was shelved;
political reasons connected with the Government's alliance with the Green Party... reasons unacceptable to the majority of the Government on all sides.
Nearly June. Dare I say it, this Supreme Courty type folks are also dragging their own heels. Lol.
Yep, then theyll probably have the summer off and it'll be autumn lol. We know how this works by now.
So hopefully June 🤞
SJ, the excuse can only be that they are Swedish, and this lack of timescale for anything at all is the norm countrywide.
Seems that way or at least that is what we have experienced here for the last 14 years..
The court decision is undoubtedly a drag on the SP and creates huge uncertainty.
However, we've a share consolidation, and signposted within the last RNS was a further equity issue. The new shares will be circa 35p, but who in their right mind would buy at that stage, knowing that there will be a discount to the market with a fundraise imminent?
It's not just the court that's created uncertainty, poor management has played a significant part too.
The BOD should own their mistakes.
why they bod are seemingly absolved of any responsibility for our current predicament is beyond me?
budge inherited 'a mess' from csp.
bowie has alluded to 'inheriting a mess' from budge.
time they owned their own ****.
But the important thing is whether or not they would buy at the next fund raise...if it's offered to shareholders or the public.
Personally, I'd buy another 25% at the next fund raise if it was offered because the Company would get the money and if I bought the on the open market today they would not.
Pocko/ it is not out of the question naivete is a question for you.
the swedish part state mine is now slowly come to the end of its life with production reducing just a thought.
Maddog....It has been said in the past and I think KB said something to the effect that LKAB would be the natural operators of this mine. And when someone at LKAB was asked to comment he said something like 'they are developing that'. The idea that this resource hasn't been discussed in mining circles in Sweden is pretty unlikely.
My, you lot are a depressing bunch.
I often look for stocks like this.
Filled with grumpy sourface PI's who have began to turn on the board. Its generally a bull flag for recovery.
Maddog38, stop with the conspiracies.
The SGU discovered Kallak in the 1950's - It's no secret.
Every major mining company is aware of it's existence, but that doesn't mean they want to buy it, have discussed buying it, offered to buy it, or had cosy little chats with Budge, Bowie, or anyone else connected tobtje company.
The market cap is £12.6m - A mining giant could buy it, and it would be nothing more than accounting error to them. It literally represents that small a financial risk to a big company.
I'm struggling to work out what the conclusion is to that statement, Pocko? You've complained from time to time that you're accused of negativity; so is there a positive in there somewhere.
I just don't believe that the company is 'busy behind the scenes', and I do not buy into the notion that somehow, beyond tea and biscuits at junior mining conferences, that let's face it, have often resembled amateur hour, Kallak is on the near radar of major miners.
Again, if they wanted it, they could buy it for peanuts.
I'm imagining that all grown up minors were juniors once...and anyone who invests in a junior minor needs a bit of imagination.
Life doesn't work like, and not does business....
And when you work for a business, like Bowie and his ilk, you have a duty to shareholders interests. So far, he's lined his own pockets.
And I get the distinct impression that you've never owned or run a business?
You're a kite flying in the wind.
Take a look at Discord... Lots of very unhappy Swedish investors
And Bowie is a finance guy, allegedly, that's managed to do a worse job of the finance than the mining guy, who incidentally, never mined a thing in his life. Budge was a Nepo Baby that clung to the coat tails of his father.
Then you're impression is wrong, I've never owned a business that had shareholders and I agree that the BOD has a responsibility to act in their best interest. I'm not wanting an argument, just a discussion and the fact is that we're both invested in this junior minor.
I’m still pondering why we didn’t consolidate the shares in issue first, and then raise the money. If consolidation does mean the sp then becomes on the radar of the more commercial investors.