Member Info for EricDraven

……sign.

Yes Pocko, achieving that would be a good.

Chute, maybe the Swedes are just still talking a good game then re the green transition. I don’t know. I do know that I’ve been invested for just over 12 years now and for the duration of this time, regardless of the reasons, not too much progress has really been made, considering the timescale is certainly not short. It remains to be seen, now that we do have the mining concession, what Ulla and Kurt can do to ensure that we progress towards production within the stated timeframe. I must trust that the Environmental Application will not be sat on a desk for over three years, because it is not a submission to the Government.

I’m trying to be positive, in the absence of the finer details than none of us have.

Best wishes.

Chute. It was in the Wed 17 November 2021 BRR Media Q&A, and Kurt talks about not drilling KS yet from about 11 mins 30 secs into the interview:

https://webcasting.brrmedia.co.uk/broadcast/6176c82cdf7b150b81e93d01

Hi Chute. Fair concerns those. I’m not sure you may be correct on the collaboration with Hensen though. The RNS relating to the MOU mentions a joint collaboration working at Plot 18 Gigavaasa to establish a production facility. There is no mention, as far as I know, of importing materials from China or from Hensen. The natural resources all in Finland. But that’s only my take on it.

Re the hole in KS, it is bizarrre, but I know Kurt has mentioned in a previous interview that he will only drill KS at the PFS stage, not until. We have enough of the resource at KN proven to merit the concession and provide an initial 15 year life of mine. But KS will be drilled. I’ll find the link and post it. What I don’t know is whether it will include drilling the hole!

I do appreciate that this investment has been quite ridiculous to date. That shareholders haven’t been able to plan a perfect timeline for an exit strategy because of how Swedish politics has prevented natural business progress. If you are selling at least half of your holding then it’s understandable and I wish you well if you reinvest the money elsewhere, or even if you don’t.

I’m not certain if another change in government will hamper our progress, because the green transition is important to Sweden, and BEM legally meriting the concession award will have repercussions if it is seen that we still can’t get on with business. In my view.

Anyway, all the best.

Lb, I’ll accept that. We know only here that there should be a Scoping Study before year end. Maybe more drilling at Kosovo this year, no date confirmed and no specific month for the Scoping Study, only Q4. It’s a loose quarter. We do know that the Environmental permit should be in by Q4 of next year and we have an “into production” timescale for Kallak for 2026. That year also being mentioned in the presentation for Finland.

They are still loose timescales, but if you feel they are more of a dream and there is no pathway to potential success then I accept that view. I’d like to see more specific dates, I’ve always said so, but my point lately is that things are moving in each each of the project areas. The permit issues in Kosovo were sorted, which finally meant we could do some drilling, we achieved the concession award at Kal, so can press on with the Scoping Study, PFS and Enviro app. We have a new partner in Finland, with the necessary experience to help develop the business there, or it seems so. These are actual occurrences that have happened in reality.

As I say, I do appreciate what you are saying, but Suzy also makes a good point re the permitting process. Did you have to encounter anything so unpredictable and without timescale as we’ve seen with Sweden?

Lb, you know me quite well by now, I’m not at all happy with the sp, or chain of events here, but don’t you believe we’ll come out of the other side of this, because it seems to me that slowly we are doing. Another point is Ulla. Why appoint a new head of Jokkmokk Iron? And at this time? Not smoke and mirrors surely, but to progress our Environmental submission, and liaise with the wider.

Of course, information to shareholders is limited and could be improved upon by Kurt, with more detailed news.

Cheers Lb.

Ok Pocko, that’s your opinion and fair enough. If any one of us sells now then yes, we would get a terrible offer for our shares. Is my optimism misguided though? If it is then are you saying securing a mining concession stands for nothing, or are you just looking at the immediate offering of sp, based on sentiment?

Pocko, I’m trying to look beyond the now, and I’m seeing that progress is being made on all projects. Yes it’s slow, but it’s there.

I agree about ‘faith’ and ‘hope’. They help. They were also names of gig boats down Newquay harbour in the ‘80s, if I remember. ‘Good Intent’ being another. Lol.

Lb, we were also talking about the Corporate Presentation slides. There are two links in the RNS. Scoping Study before long and maybe other news. Kurt seemed very aware that he was in a small venue, lol, and who may or may not be there. It wasn’t a massive corporate event and not meant to be. If you look at the slides Lb, you’ll see that the information is up to date and it is different to what was presented at the last event.

We are making progress, much to your horror perhaps, but it has yet to be reflected via the sp. I take the point that Kurt isn’t the most natural communicator but if we keep progressing in all project areas, then we should be difficult to ignore.

Thanks Sooz. Yes, I didn’t spot it so the RNS today with the link was helpful. Enjoyed looking through the slides. Pocko wants this to come good he says, and I understand how he’s feeling about this at the moment, it’s just that I’ve had enough of feeling like it, as you know. There’s nothing we can do about the current sp and low to no impact on it from recent news. We have to look ahead if we are staying involved. Difficult period this though, I must say.

If he extends the loan then we don’t have to ponder about him diluting us at 3.16p or lower.

I was typing my last post before your last post had arrived.

Yes, he will have to repay the existing loan or provide shares in February, unless we extend the loan.

Good, we both want this to be a success. Kurt has much to learn about how he communicates, we know this, but the business is at least on the move isn’t it?

The joke’s on us for having a mining concession. Come now. At some point there must be an upswing, but Pocko, you revel in the downswing if you prefer, your choice. What can we do about it? If you are being a critical friend then why not come up with something positive perhaps eh?

Sooz, I liked the Corporate Presentation slides, did you see those as well as the live Proactive job? Some decent info on ‘em.

Yes, I do agree that a capital raise at 3.16p after gaining the concession would be very poor. Lower still would be unforgivable, considering he’s had chance to raise more funds when this was at least 7p for a while then briefly in the teens, prior to the concession being awarded.

I’m agreeing with you, but only if he does raise funds at or below the 3.16p. This may turn out not to be the case Pocko.

Yes it is what the market says. Like when it was at 20p, based on sentiment. As Kurt has said previously, Finland and Kosovo are not being factored in, but we are making progress. Years ago the market cap included potential, as was the case when Clive was the boss. Different times. The market is fickle then and can’t be trusted. Today if you sold your shares you would get around 4p, with a mining concession. Is that a fair reflection of our real value? Less than before we had it granted?

Perceived problems and current sentiment are keeping this low. The market makers have also been encouraging the slide for months. Just like when they’ll take it up again.

We just have to wait.

Kosovo is finally moving and it’s about time and good to see. Whether we think it was a decent idea to diversify or not, and I didn’t, Kurt has done so, and now things aren’t stalling I’m willing to give it a chance.

Hi Sooz. Yes, I’m trying to look at things a little differently. The initial feeling is to be absolutely fed up when we see the sp, but we’ve been up and down over the years and now we have a mining concession and the chance to do something on the other projects.

Nighty. x

Pocko, arguably it does lie, but it depends how you look at it, as it’s a fickle beast. It is proving to be sentiment driven, not necessarily driven by what is actually occurring operationally. Look at the 20p level briefly achieved on the granting of the concession. Very brief, yet we are in a better position since, with the concession, and also with a drill under our belt at Kosovo. Narrowing the targets there. We’ve made progress and achieved a milestone yet the sp has gone backwards by 80% or so since March. People have bailed with profit and news hasn’t yet raised sentiment again enough to drive another rise. But we are still making progress on all three projects. The sp is not a reflection of recent operational activity, more a reflection of how we are perceiving it. No plan in place immediately after concession etc.

The sp won’t lie perhaps when we are in production, as it will be much more of a known factor, consistent output and revenue etc. The sp is down at the minute because sentiment is low, but the projects haven’t stopped and reversed.

I am thoroughly disappointed to see it like this, and yes, we also have the rain cloud of the Sami appeal not yet concluded and money required to be raised again before too long. Whether Kurt soon finds a way of raising sentiment or not though, the work continues on all projects. The wheels haven’t stopped turning. So arguably, the sp does lie.

It’s just an alternative thought.

Yes, and dealing only with the anode side of things. Seems like we are having some useful input up there, hoping we can get things really moving, to tie in with climate change policy and needs/requirements.