Member Info for EricDraven

It hasn’t been six months since we were told about it, we know it’s approximate, but don’t know when it began. I’m trusting we’ll have a concluding RNS re the end of the review.

Ed may not be as concerned about the state of the current sp as existing shareholders are, because he’s made no mention of it so far. We must trust he will be working on raising the sp prior to the next fundraise, or it won’t be pretty. News on the Court decision on Kal will be a biggie, one way or another. A positive biggie before the next fundraise is what I pray for. Lol.

Hi SJ. The RNS isn’t disappointing, but relative to our circumstances it kind of is, if that makes sense. I feel it needs a company with an abundance of cash reserves to give it a real crack. The licence areas are whoppers.

So far, Ed has done no better than Kurt in raising the sp, he’s only used different words. No project really has a clearly defined timescale for future stages of work. It’s still pretty loose. Is the six month review over with, now that we’ve had these updates on each project, or will we formally be informed when it’s over with? Dunno.

Watching and waiting.

The RNS to me implies further significant funds will be required before long to progress with yet more exploration over what is a vast area. It was a fair update but no timescales. We shall see what the results reveal I suppose and take it from there. No suggestion of spinning Vardar out, or a JV, at this stage. This update though, has seen almost ten months of us waiting for it, and one has to ask why? The news is still not of anything absolutely definitive, in terms of a commercial find or future plan.

At least we’ve now had an update on all projects.

Yes Sooz, I’ve noticed not as many post on here at the moment. It’s one of those things, and we are all just waiting for something good to occur which lifts the sp. It’s been an extremely testing year, after a promising start and Kurt’s plans being outlined etc. People will feel better once the new management team proves itself effective. We’ll have a clearer picture once the approximate six month review is concluded and we hopefully are given more detailed info via RNS.

Let’s see how the week finishes. x

I hope you include yourself in that. 😂

True that Roller. Shows how dire it’s been. Banking on the next news etc.

Have a decent afternoon.

Great Andy, thanks for the info.

That curiously may roughly coincide with the end of our own mysteriously long six month review.

The RNS clears up the area for the licence, it’s a lot of hectares, so hoping we can do something with it within the next three years. Good to have clarification of the recent Swedish media take on the licence. I’m pleased with the approval but am still concerned about finance as we move forward, considering the position of the sp. Have to see if we receive news that will shift it to a healthier level. Surely the Sami Appeal decision can’t be deliberated on forever and a positive result for Kal may be the catalyst to better days.

Good luck to us all.

Afternoon Bannor. 🙂

Evening Bans. I thought the sp may rise a little today, but no. Nothing. Lol.

The wait continues.

Good points. Aye, flash the DFS to the bank manager. Lol. The rise from decent, detailed planning may pay for the reconstructive surgery on my Chalfonts.

Fire up the griddle.

Bans, yes, that would be ok, because we surely can’t afford to bear the cost of another mass dilution to fund Vardar or the other projects, unless the sp does recover from this current position.

We know that a positive Appeal outcome re Kal will help.

Good points SJ. We have two potentially superb projects, already partly proven resource at both and positioned well, we are told, for the green transition. Vardar has yet to give us anything except further areas to explore. It has proven extremely expensive to date, so I’d be happy if we didn’t explore further. Let someone else have that pleasure.

Bannor, I mistakenly thought you meant an anal drill, but at this point I’ll consider any sort of pedalling motion if it means getting the sp up.

I personally feel this is good news and surely must be RNS worthy if it is expanding any original exploration area connected to a known mineable resource.

Only my thoughts. Be interesting to see what kind of week we have next week. Still no news on Vardar yet, which seems to be stretching it a bit now. Lol.

Good luck to us all.

We will hopefully get confirmation by BEM if it’s a straight renewal or includes the existing and additional land perhaps.

It’s a positive move anyway and a necessary one.

Yes Sooz. It could be an extended area, or the same that we already have the existing permit for, which coincides with what Röstin mentioned. Either way, it’s another three years of drilling we could undertake in the particular area, which on FB they are saying is the area between KN and KS. Were we to drill, we could perhaps at long last prove the two sites are joined at depth.

Whichever way it’s good news and Bergsstaten has had the final say, which is in our favour.

Glad about it.

The extended area is also mentioned on Sverige Radio:

https://sverigesradio.se/artikel/bergsstaten-sager-ja-till-fortsatt-borrning-i-kallak

And this is the translation of that text via Google:

“Bergsstaten has agreed to an extended exploration permit in the Kallak area. That's what Norrmedia writes.

The municipality of Jokkmokk and the Sami Parliament, as reference bodies, have answered no, but the Norwegian State says yes and thus gives Jokkmokk Iron Mines permission to continue drilling for ore for another three years.

The permit is valid from and 26 October 2023.”

Thanks Roller. Sounds good then to me. Can’t be long left until we find out more news from Kal eh? 🤔

Https://nsd.se/bli-prenumerant/artikel/lzy6zqpr/nsd-bd-0kr-dp_week

Sorry, LSE wouldn’t let me post the link. It was from the Swedish Facebook Group page and referred to a news article from nsd.se. re approval by Bergsstaten of our exploration permit for the area between KN and KS. As far as I am aware from FB.