Member Info for EricDraven

Good points, although LB may fall at the first hurdle if Kurt checks the Shareholder Register. Lol.

".....to be based on if there has been satisfaction...."

Juicy, fair enough that. If the leaves begin to fall and we've not heard any further news from the Government, then something more needs to be done from our side, in my view.

Fingers crossed we'll hear something positive before summer ends though.

I agree with those two things Aug. We must trust that the Government is beginning to be fair to us. Whether negotiations are taking place or not though, shouldn't prevent the granting or otherwise of any licence, if such a decision is to be based on the if there has been satisfaction of the criteria for the award.

Perhaps they are lumping a lot of stuff together now, lol, but it hasn't exactly been a terribly precise process has it? Six years and four months of the haphazard, with nothing but the acute bending of our minds.

Howl.

Atb.

Sooz, yep, glad you corrected. I'd do the same if I spotted anything that wasn't quite right. The facts are important.

Good to know we are just as puzzled as the Swedes. It means we might not be going mad after all. Lol.

Evie. xx

Aug, you are definitely more cerebral than I, but yes, my stance was that we shouldn't have been affected by Norra, yet made it easy to get drawn in. Rather than saying no, please focus only on our application.

I agree with your comment regarding the decision now. Let's have it and then each decide what to do with our investment. Hopefully we can again have timescales for the Wulf's progress on the ground at Kal, once the licence is obtained.

Now that's positive.

Best wishes.

Sooz, yes, you are spot on. II should have said "and later in keeping with the Norra ruling". I was thinking more of when the MI originally recommended us, which was nearly four years ago. October 2015.

https://www.investegate.co.uk/beowulf-mining-plc--bem-/rns/kallak-north-exploitation-concession-update/201510121613030162C/

Apologies, my fault. I missed a vital word out. The point is, they backed us then and later over Norra, as you've pointed out.

I can't see why we are waiting now then really. x

Aug, fair points. The Norra Karr judgement should not have affected us at all though. Lol. Norra being in southern Sweden and with our application in a good while prior to that issue raising its ugly head. Moreover, we know that Kurt was confident (always) in our application being up to scratch, and with the MI confirming the same about our application after the Norra ruling, we could say that any challenge submitted against our proposed mining of Kal, based on our application content, would not have had any grounds for success. The MI backing us. So the question is, had we not got involved in commenting on Norra, been firmer with the authorities, would we be further along? Surely any challenge at the time would have been dispensed with by now and perhaps our floundering may have stopped a couple of years ago. Of course, we could still receive a challenge on any decision made by the Government, but it's now some four years since the MI comments re our application being ok, in keeping with the Norra ruling.

So we could have called their bluff and not got involved with Norra , then ridden any challenge, our application sound.

Six years and four months waiting for this decision Aug. It does seem that the Swedes are pig stupid, but then, it could be said that Kurt has played their game only and not our own.

And look where we are.

In my opinion only.

Atb.

Yes, we could lose, but not because we should, based on the criteria for this award, but more likely it would perhaps only be because the Government either continued to do nothing and we eventually went bust, or it came up with new criteria that isn't currently part of the application process, yet we are suddenly mysteriously bound by it. A bit like the Norra Karr issue, which set us back, even though it shouldn't have. In my view Sooz.

This is why I feel we need another plan, should the decision not come by my next candle. After all, the election and fallout from it are both long since over, so there is no even loosely plausible reason now for any further delay.

The mind boggles. Lol.

Nighty night. x

Hi Sooz. I feel you have the confidence more so perhaps because you've also been able to average down over time and increase your holding. The further this sinks for me though, the harder it will be to surpass my average, so at present, and you know my position of lack of funds, this investment continues to be a shocking one. An average of 13.5p with the sp in the fives is no laughing matter after nine years. So while I trust that this will come good, Kurt will have to do something soon, or I'll be forced to leave this behind.

All because of lack of funds on my part, coupled with the continued slump without either news on the decision or any date for one, and Kurt not being bold enough to have demanded one, but the sp is a full 8p away from my breaking even.

Our application simply has not been prioritised at all Sooz. We are a good four months in to that supposed scenario.

While I try and keep on the up, it is difficult with a set high average and with the only plan so far adopted by Kurt to be that of indefinite waiting. The fact that the Swedish Government hasn't granted a concession licence for a decade isn't particularly heart-warming is it?

If Autumn arrives with no news from the Government, I feel Kurt will need to give me an explanation as to why that is, and, moreover, what he intends to do to ensure that we finally see some fair play.

So my birthday is a date here that I'll be seriously considering this investment, yet again, and how the land lies. We are slowly drifting into 2020 Sooz and a concern is that I don't want Kurt to be too nice that we don't ever get a result. This is business.

Just not as we know it. Lol.

Afty eve, me ol' bird. x

Perhaps not then.

But you tried. Lol.

......previous one.....

Aye, we'll tie the knot around your neck. Lol.

I agree with some of what you say. The before summer as not being unreasonable comment now means that we are in the realms of the unreasonable, and we've had no further comment from Kurt to follow on from that previous come, re progress or otherwise.

I therefore have to conclude that our case is being discussed right now and news cannot yet be issued. The news to include the plan for development of Kal etc, and not just whether we have the permit or not. If it was just a case of the latter, then I'm trusting he would have given us a further update as to the state of our "priority".

Only my thoughts, and it is also noted that you have been fairly quiet of late, until the sp has started to slide again each day over a number of days. My hope is then, that you will stick with us and submit a few positive posts, when the sp rallies.

For the sake of balance, instead of the continuance of your usual acutely derogatory bilge. Lol.

Cheers lb.

Hope you are ok.

Night. x

Howl! Sounds like you are losing it lb and you aren't even invested here. Lol.

Aye, soon be my birthday. Might treat myself to a new winter knit. Lol.

Merlin, you have every right to rant. If we don't now retain the royalty, just what will we shareholders have actually received by way of a return from our $2 billion asset?

Nothing!

All at the hands of Borrelli and Bird, who are representing our interests.

Yeah, of course they fooking are.

......an agreement.....

Typos galore from me lately. Sorry.

Bring, fair comments. The royalty is worth a percentage of future revenue profits on a $2 billion asset, so although it is only currently a agreement, because JLP is not yet producing at Kabwe, this does not mean that it is worth very little. It's a point worth noting I feel. Should the royalty be sold perhaps back to JLP, a fair price must be considered, based on future profit projections when in production, and not what is presently pre-producton nothingness.

Only my thoughts. Borrelli or Bird cannot justify saying that the royalty is worth very little and should not offer peanuts for it in return. Even though they possibly will. Couple of twats that they are.

All in our interests of course.

....unless we need the money....