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We’ve seen this before at the original process in Sweden. The hearing is not over this is to give Naturskyddsföreningen a chance to respond to the governments response then once they respond the Sami will ask for an extension to respond to the Naturskyddsföreningen Response once they get the extension then all parties will be given a chance to respond to the responses and around we go again , it’s just how Sweden works ( excuse the irony )
All seems very subdued at the moment, palladium for their part are up 27% across the pond but not a peep here, 2 fairly decent RNSs yesterday and today more news due from results at Zigzag soon but not even a flutter on the price,
I think their biggest objection is the government minister for mining, is bias in favour of mining and shouldn't make the decision on mining applications, it should be a green MP who is not in favour of mining ;)
I guess its still got the judgement hanging over Kallak it doesn't matter what the government say if the judge is of the opinion mining is bad and reindeers are good, also its got the question mark over future funding/ cash call and when that is needed.
Translation
Opinion on the application for judicial review of
the government's decision on a processing concession
according to the mineral law (1991:45) for the Kallak area
K no. 1 in Jokkmokk municipality, Norrbotten county
Chuteless
RNS - at last a definitive and coherent plan,well done Finland, possibly a turnaround and a more professionally run company 🤞
However feel there is a raise coming to pay for this, last financials stated £1.7 m in accounts as of Sept 23, not sure will be enough to progress kallak and Finland ,
Not adding anymore and will hold for now
Best of luck
Chuteless
Could it be sell off from the delisted US shares being feed back into the system?
Thanks already subscribed got yesterdays RNS but nothing today
Cheers
Hi sq52
where is that new letter , not seen it on their website etc
Cheers
Chuteless
Does all seem a bit quiet as the Market cap drops towards cash in the bank! and considering there is plenty afoot according to Ian, drill programme on Domingo should be now complete or just about, results due in Q1 2024,
drill plan for Basin to be announced shortly with programme starting in Q1 as well, results from that with a target of a further 1.5 LCE to reach 2.5 target and release a further $3m payment by end of Q2 and also an initial plan on drilling on the brines. I cant see any real reason for the constant 5-10% drops in the SP. but hey what do I know.
Chute
Agreed EarEyeAm
yesterdays RNS highlights what you say.
cash and cash equivalents $2.9m with $2.5m royalty payment received is nearly 50% of the current Market cap. That values San Domingo, all of Basin and the other project at $6.6 m
cheap as chips
adding when I can ;)
chute
Yep see recent interview.
-Because there’s also the San Domingo pegmatite district
-Here, the company recently returned 1.6% lithium over 35 metres in drilling which, according to the best available data, was the sixth best lithium interception anywhere in the world this year.
-What’s more, the plan is to move fast on San Domingo.
-“Drills have been turning,” says Stalker.
-“We should have results within a month. We can see the spodumene.”
- He talks of potential production in 2025, and notes the apparent eagerness with which the Americans are permitting lithium projects at the moment – not only has Thacker Pass been given the green light, but it’s also benefitting from hundreds of millions of dollars of US government funding.
-but what is worth noting is that the capital expenditure required to get San Domingo into production looks likely to be very modest, perhaps a long way below US$50mln.
-Bradda Head has influential investors, both in terms of super high net worth individuals and institutions, so finding such funding is unlikely to present any real hurdle. The question will be how good the project actually looks when it comes to the economic studies.
-“I think the margins will be robust,” he says.
-Even with a depressed lithium price of around U$2,600 per tonne, a realistic operating cost might be US$600 per tonne. That’s plenty of room for manoeuvre, and ought to give anyone who thinks the lithium price might be due for a turn pause for thought.
-“Our market capitalisation is currently peanuts,” says Stalker.
https://www.proactiveinvestors.co.uk/companies/news/1030334/location-location-location-bradda-head-s-ian-stalker-talks-lithium-in-the-usa-1030334.html?utm_source=newsletter&utm_medium=sendy&utm_campaign=uk_weekly
looking good for the future
chute
It does beggar belief as the 2.5 m is a cash injection of nearly 20% of the companies market cap with barely a movement on the share price.I thought there might be some interest here as we should be expecting some drill results to start coming out of San Domingo, they are approx 6-7 weeks into that drill programme.
As lithium is on the US short term near critical and long term critical list I've got a hunch that we might also receive other news reference tier one application or funding for grants etc
https://www.energy.gov/cmm/what-are-critical-materials-and-critical-minerals#:~:text=Critical%20minerals%3A%20The%20Secretary%20of,%2C%20cobalt%2C%20dysprosium%2C%20erbium%2C
I was reading an article recently that stated Ambermarle have one of the only lithium productions in the US and received funding to the tune of US$150 million from the US government to support the opening and building of a commercial-scale lithium concentrator at another open another historic mine in North Carolina.
However on the downside the markets don't seem to have any appetite for small caps at the moment
Chuteless
Looks like the Swedes are not impressed either just dropped below the .2 sek for the first time.
I was lucky to get out when they announced the raising last xmas at about 4p and been watching for an in again. I'm not sure its quite hit bottom yet but maybe we're nearly there (IMHO).
My own thoughts are Kurt and Ulla were finally found out as being unsuitable to bring this forward (mining in 2026 was away with the fairies) I hope Johan Röstin finally brought them to an end to pursue a different strategy.Lets get back to basics , get some drills in the ground,( its criminal that nothing has been done with K South for what seems about 10 years).Prove up some good grades and sell it to someone who has the capability to mine it . ie LKAB or rio tinto etc
Well it is AIM
revaluation of vadar (ignoring the BEM investment) nominal amount 150K for 60 odd % of a few portacabins , a Ford ranger and some exploration permits.
resold back to Vadar owners
Vadar will then need a new CEO, someone who can take up a similar competing role.
vaulation and sale complete in sept 23
;)
Chute