Member Info for EricDraven

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hopefully that will show the screenshot from nsd.se

Mongolian Cava. 😂

Evening Bannor. Sorry I missed you earlier. Hope all ok at your end.

Have an enjoyable weekend matey.

Good RNS. So the LinkedIn post did indicate that there might be news and here it is.

The cynicism is understandable Pocko, we still aren’t out of the woods yet with the sp and we don’t know when the next fundraise will be. We need the news to move us up and bring the confidence back. Still 50/50 in my opinion. Uppy/downy.

Yes, we certainly did seem to be given more news around the time of a cash call. That’s not to say it will happen with Ed. The LinkedIn posts are only gentle reminders of our projects, nothing stunning about the last one, but it will be interesting to see if Grafintec news comes next.

Vardar? Going on for ten months since we heard anything of note from that project. I’m hoping they are spinning it out in an attempt to raise the sp and fund next year. Lol.

Posted 4 hours ago on the BEM page, LinkedIn:

https://www.linkedin.com/company/9131878

“About 4.5 million tonnes of #graphite is needed to meet the anticipated 500% increase in demand by 2050. This is why Grafintec Oy is looking to build a #sustainable secure supply chain to provide the raw materials #Europe needs for the #GreenTransition”

Just general stuff re Grafintec, but perhaps leading into another RNS update on progress. Hoping so.

Here’s the article link:

https://www.svt.se/nyheter/lokalt/norrbotten/privata-staljatten-soker-statligt-stod-vill-ha-stor-del-av-klimatsatsning--4mr0yz?fbclid=IwAR0CcyOqXVvx7dNf_69Cv6VKxNZrrM0plDJR7bxbZYEj8Dhh3kyg3GVjYnY

This is translated via Google from the Swedish FB Group. I was wondering whether we will qualify for Government funding towards our Kallak operation, all being well with the Appeal outcome. Anyway:

“The private steel giant is seeking government support – a large part of climate investment

UPDATED OCTOBER 24, 2023PUBLISHED OCTOBER 24, 2023

H2 Green Steel has applied for government support of SEK 4.45 billion. The requested support must be examined by the EU Commission.

H2 Green Steel will build a facility for iron and steel manufacturing in Boden. The idea is that it should be ready by 2030.

The company has now applied for state aid of SEK 4.45 billion. Klimatklivet's entire investments for 2024 are expected to be 4.95 billion.

Tested in the EU Commission

The support applied for corresponds to 9.5 percent of the total investment of SEK 46.8 billion. In an open consultation, views must be collected regarding the consequences for competition when financing support for the measure is discussed.

The consultation process will last for four weeks. There, the actors concerned have the opportunity to submit their views.

The three guidelines are climate, environmental protection and energy. Since 1 July 2023, it is now required that a consultation be held to seek a similar support as H2 Green Steel now chooses to do.

Now it will be investigated what amount of support may be relevant for H2 Green Steel's investment.”

Thanks Pocko, interesting info.

Hi SJ. Decent RNS, with a planned timeline. Yes, looks like we are six months behind, with the original PFS planned under Kurt to commence in Q2, and the knock-on effects of this delay now will impact on the environmental submission, but I’m not sure whether the revised plan of not needing to complete any further drilling for the PFS would be the same as Kurt’s former plan for the PFS. I’m trusting the six month review has scrutinised everything in intricate detail, to now enhance the quality of our environmental application and with reasonable timing.

As you say, it’s still possible that the 2026 target will be retained. It does seem from this RNS that Ed is being efficient without cutting corners.

Only my thoughts. Of course such news won’t enhance the sp at present, but we do need the Appeal decision to go in favour of the Government.

Vardar news surely has to be on the cards before long.

Dunno though. Lol.

So that hardly suggests we’ll continue to fall off a cliff with the sp and disappear into the abyss.

Hoping not anyway. Trusting those words from BEM do mean something, as in something brewing that will benefit existing shareholders.

Here it is, from the BEM LinkedIn page, posted six days ago. I’ve just copied the text:

#BEM believes #Kallak is in the right place at the right time: its high-quality #ironore production potential in proximity to #fossilfree steel manufacturing could provide the most #sustainable #mining operation while transforming the economic future of Jokkmokk

#renewables

We know that BEM has recently posted on social media (yuck) re Kallak being in the right place at the right time. Suzy also referred to it. The sp, with limited RNS news however, says otherwise, so we must trust that something is afoot.

Yes. It’ll feel like a low sp at the time though, so you may change your mind. 😂

I see. Lol.

Hi Maddog. I’ve seen a forecast rating similar to that 18p for the next 12 months. Think it was 17.99p. I’ll try and find it.

Found it:

https://markets.ft.com/data/equities/tearsheet/forecasts?s=BEM:LSE

To shell out almost £10,000, they must be working on the assumption that no news is good news, all things considered te the asset base. Hats off to whomever it was.

Hi Roller. Up in the blue now though. Good to see. A chunky buy earlier looks to have helped.

I really hope so. x