Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Morning.. With the election next month the Democrat party will want to remind all, that the green transition has been pushed under their watch - Hybrit (fossil – free), the building of the new Green steel plant and the award of concession for pro ‘Green mining’ at Kallak, will all get a fair hearing - full coverage in the MSM for sure! SP up? Hybrit received funding in April from the EU innovation fund (any opportunity to promote the Dems in election year won’t be lost on Brussels).. 71.5% iron content with very low impurities? Wow.. Any discovery in Pilbara north of 65%, then Rinto have an office party back in Perth..
https://www.hybritdevelopment.se/en/
Imo atb…….
EricDraven, I’m not claiming that there is more than what come via RN’S.. Every CEO has their style, and when some thought KB was in Matalan, he was in India, and we first heard of Epsilon.. We had no idea! What we have in both Finland and Sweden is in demand, and increasingly so! Imo atb……..
Homework? Really? Any attempt made by BEM claiming that they are in discussions with a miner say, re “an offer being made to buy the asset”, without depositing written material supporting those claims, would never get passed the regulators for market release in my opinion, because of market manipulation concerns. A simple exercise to cover everyone’s r’s.. Clearly, no such material exist, otherwise the market would have to be informed.. That is not to say that BEM are not in discussions with anyone re any deal type over Kallak.. Moreover, KB has correctly via RNS told the market that since the award of concession potential partners/others are more willing to engage with BEM re Kallak.. What more do you need in this respect? Kallak is hot! Imo. atb
Morning.. “The idea that buyers for Kallak were lined up or were in discussion has been soundly put to bed. There is no cash coming in and there has been an interesting switch of focus to none Kallak investments. KB better hope he gets some very good news from the drilling this month or he is in even more trouble than he is already in”. No discussion? So, no potential partner(s) or buyer(s) have registered any interest in discussion(s) re Kallak’s clean, high – grade iron ore with KB/US.. How could you possibly know that? imo atb……….
Morning..lbjj/Manro, really? You are getting worse!.. More KB bashing because you have never had f’all interest in doing any other..
An opportunity for you to come back should you wish!
When the concession was granted the politics changed hugely.. BEM who ‘owned’ the proposals, were painted as the filthy capitalists, wanting to both, smash the planet and violate the rights of others, all fitting well with the powers who were trying to shape Kallak’s future with BS delays… Now it’s very different! The Democrat party will want to ‘own’ the concession, their friends in MSM will try to buy votes, with reports of big local and regional investment, and how revenues will now be generated and above all else, every spin - off job created, will be sold as a ‘GREEN JOB’.. Very clean ore!
KB/JIMAB are making efforts to bring production forward, and has ambitions to be producing at Kallak in 2026 - election year, and yet, are prepared to make an application for Environmental permits by Q4 2023.. If (if) KB/others do see some further political fruit coming from good timing for 2026, then submitting for permits in Q4 2023 could be a very canny move, especially if, there are any quiet concerns re how the court might attempt to address any attached conditions to the concession.. We just don’t know! However, I wouldn’t underestimate KB’s ability to recognise a very different political situation, and how best to turn that into BEM’s commercial interest.. Reindeer herders should never be forgotten, but we are to hear now, far more about the benefits to the wider in general, and KB can milk that too!
And btw, insider trading? The reporting of super high – grade ore being at Kallak, the award of ANI status and the award of the concession, were all proven to be ‘sell’ signals.. Who the xxxx would want to ‘use’ the inside when dealing with state – cronyism?
imo..atb………
Evening.. “Submitting an application to the Environmental court ‘by’ Q4 2023”.. If it were to be submitted in Q4 2023, and if any are hoping to see a start of production in the election year 2026, then those same may wish that the court remain focused on good delivery.. Imo atb…..
lbjj, If I may, to your 3-4years to build a mine? If (if) KB has not yet got some fundamentals under firm control re any funding/partner to build a mine, then, making the 3-4 years public statement would be a ‘howler’ – The placing of any value on time, could present those opposite at the table with some further leverage imo.. He’s too smart (Epsilon etc) for that! Another reason that I do both, think that the 3-4 years has real intent, and think that there may have already been a hand shake…. Perhaps not! Imo.. atb..
Morning.. Suzy2, You snookered lbjj.. Anyway, yes, 3-4 years to build a mine! That’s signal, and not noise! So then, we should soon be getting some numbers re Kallak for that to happen – regardless.. Those numbers should tell us who blinked imo??? What say you? Imo atb…
Evening.. AndyDF, thank you for the information.. So then, the DEM’s pushing on now, with Green steel.. We have a CEO at JIMAB who is very well connected to DEM Minisisters, and we are told (RNS)that efforts are being made to bring the start of production at Kallak forward to 3 or 4 years.. Three or four years? Good timing that, for the DEM’S to milk the ‘Green transition’ policy – drive with very clean Kallak in production, and ready in time, for the 2026 Election? So we know when we hope to start mining, but we haven’t learned who will, or how will, the building of the mine will be funded ($/%)..Someone has perhaps put the cart before the horse as it were, or they haven’t… atb………
Evening.. ibjj. So, you think that US has been appointed to take the blame? Well now, If this newly arrived (post award) safe pair of hands, were to be ‘seen’ to initiate/promote any hook – up with anyone with some connection to the powers, that could remove any suggestion that there was any handshake to get the concession over the line, following nine years of something called process.. This CEO is not here for form – filling.. Imo atb………..
So, it’s no to your previous questions.. Why? The Government made the decision on the application because the political heat was on them to do so, this suggesting KB didn’t buckle on any? Further, in respect of the main players - Government, objectors and the applicant.. Should any party overplay their hand in this money game, it would result in some self – harm imo, but I take nothing for granted with this bunch, given everything that’s gone before..
And today? Why is the Government prepared to move the goal posts for some? Puppets? This could provide KB with the opportunity to showcase his new arrival flexing some muscle via RNS? Funny ‘ol game, All BS politics..
Pocko – Solid posts! You have been making an important point imo.. ALL IMO…. atb………..
Evening.. EricDraven, I’m late alright, better late than never?
The application process has been a total sham! Western liberal Nations can plan, design and construct a major town in the space of nine years, if there is the will.. Environmental considerations? The KU findings were most telling – a lack of recorded material over the years re the Kallak application process! This is a ministry that is not, nor wants to be transparent – evidently! We should not be confused as to why that is - Deep state politics to hold power over the m - cap minnow wanting the key to big league, and not to fall in - line..
Thor has delivered the concession with far- reaching and unique conditions attached.. Not too concerned much with “unique” .. All mine sites are unique in some way, especially with Environmental considerations, so a politician could spin that.. What I wanted from the first RNS following the award was, something far more ‘punchy’, telling investors in what area(s) exactly, are the conditions far – reaching, and what are the limitations exactly! I don’t need to be told only, that the conditions ‘include matters’ that the company would naturally expect – no help that! I wanted to be told, ‘what are the limitations on the other matters’? The concession has been ‘loaded’ imo, and the all – powerful Environmental court will address these conditions with measures at their disposal as they see fit, and they are political - no question!!! I Do know that many here don’t share that opinion, but it’s the only one I have to offer, and I won’t mention it again..
The appointment of this CEO, does suggest to me that a handshake (only) re Kallak’s future may indeed have happened.. US, not a stand-out choice for CEO imo.. Yes, qualified and experienced in permitting, but so are many others, who have not been nurtured in ‘group – think’.. Moreover, we have not learned of any partner to date, and any of those who have registered any interest in buying into a partnership, would I’m sure, have welcomed the opportunity to offer an opinion on any individual being considered for the position as CEO, no less, and it’s a good idea for KB to be transparent with anyone who he hopes to journey with.. The appointment comes carrying much wider considerations imo.. Anyone who was interested in being involved in Kallak’s future, haven’t watched closely for a decade, then gone into a coma after the award?
Morning.. EricDraven/johnthegolf, Gentlemen, we are a million miles apart with our opinions - too big to bridge.. So, we are not getting into any tangle over this. As you well know, I do like to court popularity with my opinions here.:-)
So, in quick short, my honest take on the application sham! Nothing in this so – called process is ever as it seems..
First, Thor did not award the concession because he ran out of years, he ran out of political ammo (PM, Baylan etc), before he got his ideal re Kallak’s future – so, more BS to follow ?
The concession is a bag of xxxx SP?, waiting for the ‘wrong’ applicant (miner/partnership) at the Environmental court.. If you think that the court is not political, then why place value on the appointed CEO for having pollical connections re permitting? Everyone, in every walk, who has been appointed, has to be political, or they will walk.. $Billions and politics = Horse and cart..
I have been under the impression for a while, that KB is not too concerned about the very low SP? Given we are yet to learn of any partner/funding, that would be most odd.. Now with the arrival of a favourite with current ministers, being appointed as CEO, we now know that KB is NOT in any hard – talk with anyone who would upset the norms in Swedish mining? Don’t we? With this appointment, together with an apparent relaxed KB re SP, I wonder if there has been a handshake, and the numbers have been sorted – regardless! Who with? No idea, other than someone who meets the ‘right’ applicant name, and the correct timing for the politics to fit!
First we get the ‘far – reaching’ award, then a continuous SP slide with no break, and then we get one of former minister Baylan’s Generals take the helm! Next??? atb…
Evening .. The SP has continued to slide since news of U S’s appointment.. The market has not bought into KB’s comments – RNS – CEO appointment.. And, there was no apparent reason to appoint any CEO at JIMAB at this time, as KB ‘should’ be calling the shots on all pollical/commercial decisions at this most crucial stage re Kallak/BEM.. US will be taking Direction from from KB on everything! BS! atb…
Evening.. Now we have someone as CEO from the inside track who gets invited to dinner parties in up – town Stockholm – she is, ‘one of them’.. Can KB/US rope the Government in for some very low - risk enterprise??? Majority of shareholders are in Sweden, Guaranteed returns for the whole Nation, Super high – grade margins are big league, Very clean iron ore that sits very well with ‘green transition’ policies, objectors might well warm to it – nine years of waiting for a decision could hardly be seen as any backscratching.., Cannot see any violation of the EU’s ‘State subsidy’ rules, with the correct valuations/ transparency in full beam… Yes, Sweden has ‘state miners’, but they’d want majority control in any partnership deal – NO GOOD TO JIMAB! Revenues + regional investments + jobs + Green transition = vote winner in election year? It would make a whole lot of sense! That a no then! atb….
Morning.. Geovanni, you are saying only that she has a particular set of skills.. So does a dump truck operator for example, and not many of them get to the position of CEO.. Regardless, we were told for years that the objectors were reluctant to engage with the applicant, and now, the CEO from the very Ministry that granted the award is, some do think, the best candidate to successfully engage with those same? What is going on here? Well, maybe the ‘puppets’ won’t make life too difficult for her? Anyway, we have recently been told that potential partners are now willing to “substantively engage”.. This appointment looks like the result of some serious engagement to me.. Imo atb…………
Morning.. Yes lbjj, Not from the top shelf this one.. The RNS tells us, her most recent role was a Director General at the Ministry of enterprise, in which role she was responsible for issues affecting limestone and cement industries.. Cement? I wonder if this Director General was answering to the then Minister Baylan at the time he walked, following allegations of him ‘withholding information’ re Environmental issues involving cementa? I would hope not! atb….
Evening.. EricDraven, Well, I see it a little differently.. Environmental permits not too problematic? We and the new CEO don’t know that yet.. What we do know is, that the Minister Thor has clearly stated that the conditions - of an Environmental nature, attached to the award, are both unique and far – reaching.. Yes, BEM has done much work in this area already, but that was before the award, with some unique conditions.. The Issuing of any Environmental permits could possibly result in, what is judged by BEM to be, an unacceptable permitted restriction on production levels (too low).. Values? If (if) that is to be the case, then we would have to take the bull by the horns, because Thor has set the parameters, and that would take muscle that we at this time do not have.. Any new CEO would know all of the details re Environmental permitting, and just how this all could play out, and any new CEO would want to know at this time, where is the muscle coming from (the thrust of my previous comment).. That all said, Given her CV, this appointment smells of something of a pre – condition for some fundamental change.. We do not know, and we would not have to be told.. what we do know is, this process to date has been hugely problematic, and that, was no fault of the applicant, but the fault of dishonest Minister(s) who still want ‘their’ end game..
Regardless of the above, following the award, The SP does tell it best - a reflection of the legal document that is, the concession in its entirety, and that is plain for all to see .. Imo.. atb……….