Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Suzy2 “because it’s the conditions he was always worried about”. Yes! And so should you be worried! Try this now, BEM won’t mine N Kallak.. I will remember I said that, will you? And, this perhaps, the time to say a thank you to you, for doing your best to keep this BB going through the many lean years to the benefit of investors! atb….
With respect sj74, the market is not irrational.. the RNS read “with respect to the conditions, they include matters………… AND DID NOT READ, with respect to ‘ALL’ of the conditions, they include matters………….
The RNS must not, and did not mislead, its in Black and white… The market does not like the award, because potential partners will want to know full details re limitations to “far – reaching.. In my opinion only,, atb…..
Morning..
RNS was telling!
“The Company's legal advisers have reviewed the Government's decision and the conditions attached to it and are satisfied that, with respect to the conditions, they include matters the Company would naturally expect to address in project development and the Environmental Court process”.
“they include matters” – “include”?
I’ve seen enough.. atb…
Afternoon.. AndyDuFresne,
Thankyou for the information… It all helps.. Firstly, I do think that KB is a canny bloke with much integrity/other, and who will deliver when, and what to deliver in the interest of BEM.. I do like the man..That said now, we want nothing coming from the objectors camp re details.. As if? Sp? When we all considered to invest in BEM, we read all of the RNS’s, including the latest, in search of the fundamentals – We hung on to the CEO’s ‘official’ every word, for obvious reasons, before we parted with our money.. Did we not? So, following the biggest news in the company’s history after a nine year wait, we should not perhaps then be surprised to learn (11.5p sp) that others who are considering to invest, might now want to have the same benefit as we did?
Perhaps, as some of us have been here years (myself included), maybe we have become smarter, and already know the implications of a shed load of legal guff, without having been told of the details.. I somehow don’t think so!
Again, I’m not saying there is some concern in the BEM camp, I’m saying I myself need to know before I would ever consider buying more…. Moreover, those who may well know the value of the details, may well also be buying in? As if? Comprendi? If so, very naughty.. All parties involved has to be very careful here, we’ve all seen the work of one political journalist, to get the SP lower, very recently.. Imo only.. atb………
Morning.. Mr Thor has delivered ‘his’ concession! The ringmaster said - ‘Jokkmokk iron mines AB was granted a processing concession for KallaK but stressed there were a series of “far – reaching AND unique” conditions.. The aim, among other things, is to compensate the affected villages of the sami ethnic group in Sweden’s Arctic region.
Series? Far – reaching? Unique? Other things? = All unknowns!
RNS – 22/03/22 – Following the decision.
Kurt Budge – “The company looks forward to reviewing the full detail of the decision in due course but will naturally seek to comply with any relevant requirements in respect of minimising the mines impact on the sami community”.
Full detail? Seek to comply with any relevant requirements? Any relevant? = Still unknowns!
Kurt Budge, a very good CEO, needs to make a ‘considered’ response imo, re full detail to the award of concession to address any market concerns re the far – reaching and the unique conditions imposed on Jokkmokk iron mines AB.. I feel sure that he will do, when he thinks it, the correct time to do so..But, sooner, the better for the SP,imo..
Far – reaching and unique is concerning, as it could encroach on anything! However, far – reaching and unique must not be allowed to result in any type of governor re Annual production levels or any other commercial impediment (values).. Not much use to investors, getting the key to unlock say, a Billion Tonnes of ore, then for the Thorn to throw us a fxxxxxg spoon in the small print..
Perhaps, the conditions do not concern the BEM team.. After all, Thor is a politician, and each mine site is “unique” in its way.. BEM need to tell us the limitations re far – reaching, and is KB happy with it all.. Imo only.. …atb…
Evening.. Can someone please say what the qualifying period is for any appeal re the concession decision? I have forgotten now, but believe it is a matter of weeks, and not Months.. Not that I expect an appeal.. Thank you.. atb….
Unclemal, We just don’t know.. Once the BEM team have completed all of the details, we need confirmation of nothing unwarranted, and that the CEO is happy with it all.. Needless to say, the sooner, the better! I would hope that the Government has attached conditions only, that was in the MI’s recommendation report.. We’ll have to see.. Imo only.. atb…..
Afternoon.. What the market needs asap is confirmation from the CEO’ that no conditions are unwarranted, or/and no ambiguity! If/when that comes, just maybe, at the same time we might learn of any firm plans… Perhaps not! Just one opinion..
TheFarEnd – Yes! Thank you! atb……..
Evening.. 3cardbrag, in my opinion the only reason that KB should sit down and talk to LKAB, or indeed anyone re a JV is because they have something more of value than others to offer BEM.. I too suspect that the Government would apply conditions a little less harshly if LKAB was involved, and that’s precisely why I would like to hear what KB has to say about these conditions, as they could affect values with any other financial/Mining partner, as you rightly recognise.. Still, it is good to get the award.. Imo only.. atb………
The market doesn’t like unknowns.. Much talk of conditions.. We all want to know (any JV partner) what exactly these attached conditions could mean ultimately to BEM’s bottom line, and only KB can now give that.. If nothing of concern, then the SP will move up some.. Imo only.. atb……………
Morning.. More ‘slipped on ice’ BS.. The mineral policy, nor the submitted proposals in 2013 makes no reference to Russia or Ukraine, for obvious reason.. The MI measured the proposals against the adopted mineral policy - The Law!
To the point……. ’ Minister, it should not take your office near five years and counting, to decide if the Mining inspector gave equal consideration to all made arguments when making their recommendation for the award of concession re N. Kallak.. Perhaps now, you would use this opportunity to tell us, what it is exactly, that you hope to achieve with N. Kallak, as it is not clear to anyone anymore, other than perhaps the main objectors, who have never called for the decision to be made’.. Now wriggle! Imo only.. atb……..
Morning.. Thor is paid well to be busy! Years of delaying??? Well now, the Sami herders coexist with state miners at other mine sites however, Kallak would somehow be different! Maybe there are genuine concerns re the erosion of culture, when the helicopter(s) is in for a service.. Perhaps, concerns over the WHS, although UNESCO recorded no such concerns re any threat to status prior to, or post Baylan’s wandering from script.. Just maybe it’s the Greens who have long gone… After nine years I’m afraid my money is riding on none of the above.. This process has had more than a whiff of conspiracy for years.. Who, what or how, we don’t know, but since the arrival of both KB and world – class drill results, Kallak’s future ideal is/was Government priority, in this so – called process.. BS aside now, it’s the social Democrats who are trying to xxxx over the very people who finance Swedish mining exploration.. If it walks like a duck blah blah……..? Applicant, investors,Government and objectors all want the same - $.. Hopefully, we are at the tip of the spear right now! Concession first! Imo only.. atb……..
Afternoon.. If the dangerous NWO boys don’t start talking truth to power, and stop making all the stupid moves, Kallak could be delivered to a mill in China in about ten seconds, the downside is, we would be going too..
The Political UN now ‘demands’ a withdrawal’, knowing Putin won’t do that! When you want someone to climb down, you first, offer a ladder.. Do not back them into a corner, because you cannot predict the unpredictable.. Why not ask for a ceasefire, and offer talks with nothing off the table, just for starters.. If Putin then won’t take the first step, then his commanders out in the field most likely would.. What have the great and good got to lose? Surely, they are not afraid of that we little people get to hear that Putin ask’s for assurances re Russian security, and a commitment to negotiated peace on that assurance.. Those who do not call for talks, don’t want them.. Proxy war?
We are all aware of just how bad Putin is, but, supplying arms to a foreign state, even to fight the aggressor, ‘WITHOUT’ calling for a ceasefire with talks is both dangerous and immoral , imo.. moreover, weaponizing the Russian currency, is indeed a declaration of war! Both Boris Johnson and Keir Starmer are reckless in the extreme - Britain has a nuclear capability, and with that comes the responsibility to push for talks regardless, that is the contract with the British people.. As for the future King and others, they need to stand for election, or shut the xxxx up.. atb…
Morning.. The madness here is hard to take.. This could have, and should have been avoided.. Sanctions won’t work, but talks could.. This needs to get un fk’d sharpish.. Putin wanted to talk to both NATO leaders and to Ukraine back in 2008 re Ukraine NATO membership.. Someone (Biden?) needs to call for a ceasefire, with talks now! If Poland gets involved in anyway, this could go very wrong very quickly.. Offer talks - stop the killing - get him around the table.. We don’t need any ‘My sanctions are bigger than your sanctions’ BS in any language.. .People are dying! atb…….
Evening.. UN, Greta etc are political instruments to be used by the powers.. The Green transition, is a transition of power from the individual to the state.. The UN is the party of Davos, as is the blonde liar in no 10.. Imo, the decision on Kallak was made years ago, and this Government still want it’s ideal.. KB won’t buckle on his, not now! Concession first! The proposals are legal or they are not legal, it would be a huge political risk for the Government should they decide to test it in law! They would lose some control.. UNESCO, UN and Greta are not up for election by the the Swedish people..
The irony of all this is, the sami will benefit from a mine more than most.. If someone can argue that a money – generator subjected to some of the strictest Environmental laws in the world, won’t benefit the sami commercially, and who are a political score, then make that argument..
FF23- If it was Thor who removed the head from the CAB, and should Thor then refer it back to the CAB for them to reconsider, and they then supported a mine at Kallak, wouldn’t that provide ‘grounds’, if not, then the argument for grounds for the objector’s to appeal that decision? Looks a tad Del Trotter to me it does.. Imo atb…………………..
Morning.. No! A timely reminder to those miners/ financiers/others who would have in hard - talk, previously registered their interest in Kallak’s future, now is the time to tear - up any red lines,because there are no prizes for coming in second place! We are where we are because the CAB wanted others to measure “indirect impact” - all BS! The worst political outcome (image)for the Government now is, for their decision to be overturned by the appeal court, and they won’t want to risk that at all! I’m with the mining inspectorate who has made their recommendation based on National policy law, and International law (Paris climate etc), to stand up to any test! Should the Government grant the concession, and should the objectors then consider a challenge, they would have to dig deep to find the grounds(nine years of process), and that could involve mud - slinging at the powers,and that’s not wise, and they know it.. Thor loves mines, and we love reindeer, so let’s move forward, and not back! IMO atb…