Member Info for EricDraven

Pocko, that’s why I’ve asked Aug if he’d clarify, because he feels Kurt had the correct focus. If so, then why is the risk/reward wrong? Surely with the correct focus that aspect would be right.

Night.

Evening Aug. I’d be grateful if you please clarify what you mean by “The Risk/reward is all wrong”.

Many thanks.

Yes.

Pocko, yes, we don’t know whether progress has stopped or stalled at Vardar and with Jokkmokk Iron. No sign of the Kal PFS, stopped/stalled? Ulla hasn’t said much of late, so we don’t know. Only that the target for the environmental application has been revised to something other. Which could include not at all. Certainly not speeding it up.

Finland looking the best bet at the moment. Based on known information.

I’m totally pi55ed off. Lol.

Dunno.

…..uniformity in approach?

I don’t know what to make of it all really. Hence sitting on the fence, but only in the absence of further evidence. Based on the RNS news of late, including the shock departure of Kurt, other than progress at Grafintec, the picture seems grim. Based on what I can glean, not on what we don’t yet know. My thoughts are that if a deal was due for the development of Kal, in the not too distant, for example, within the next three months, then why wouldn’t Kurt have stayed to be involved in that? This considering the new CEO, Ed, is similarly qualified to Kurt and with skills on par, albeit a fresh pair of eyes, as we’ve been told. Kurt leaving is a bother to me, I must admit. Almost as bothersome as Röstin’s treatment of shareholders since.

So, I’m sitting on the fence and will believe it when I see it in terms of any deal being drawn. Nothing may be occurring until the two new guys arrive, in spite of the strategic review already being underway, from an unknown date, to finish on an unknown date six months from whenever it commenced. That’s Röstin again, useless information on purpose.

We do know we still have the Sami appeal active, a very low sp and uncertainty right now as to how much we are spending. I feel we need news from Vardar and Kallak. Surely we shouldn’t have to wait for the strategic review to be completed for those updates, bearing in mind we’ve just had an update from Grafintec. Otherwise where’s the uniformity I approach?

Unless it’s already been decided that the Finland project and newsflow shall continue while the review is underway. The other projects put on hold, no news. Something along those lines, but again, we just don’t know do we?

Much to ponder, as per.

In my opinion only.

It’s unreal.

Lol.

Afternoon It. Can’t stop as I’m busy memorising the dictionary while flogging myself with a cat o’ nine tails.

Fair comment SJ.

Cousin It. Lol.

Hi all. Quite a positive RNS today, for a change. Lacking in detail though, in terms of when we are likely to hear of the next stage completion for the Graf project. No timescale given, which I feel is disappointing, yet not surprising. That said, I’m pleased with the projected figures given and the fact that Rasmus is busy. It’s the only project we know of that’s actually making progress.

The two 3 million trades are encouraging, as they do appear to be buys, although I’m not sure why today’s news alone would have warranted such large trades. Maybe more news to come. Someone had a sniff perhaps. Otherwise it’s a lot of money just for a punt.

Anyway, good luck to us.

I find it difficult to contemplate how the next fundraise may look for existing shareholders. With the Sami appeal out of the way the picture may look better, but there’s no guarantee when that will be concluded or if it will be ruled in favour of the Government. The USP, I suppose one could say that it’s the exceptional quality of our ore, but we don’t know what the plan is now for Kal, so we currently don’t have enough detailed information to support our USP, or enough reason to invest further, considering what has happened. In my opinion. I guess we must trust that the two new guys will improve the situation for us. The doubt will remain though until it actually occurs.

You might be right re buying time. I don’t know. The lack of any explanation from Röstin is completely disrespectful. Yes, I’m not in a position financially now where I can support another fundraise, but I wouldn’t anyway. Not after what’s occurred.

As for a potential delisting from AIM, I’m not sure what would occur, as in, whether our shares are then to be converted to SDRs and our holdings continue on Spotlight.

It is a dire show.

Pocko, my mistake. I was mulling over why they hadn’t said ‘several ’ or ‘a few’, instead of ‘six’, which is more specific. You are right though, it isn’t exact and could be longer or less time. But why mention six? We don’t know why.

There is no evidence either way that conversations are being held off-record. I don’t know what next, if there are conversations taking place.

We are pretty much in the dark and obviously with our low sp then it is a real concern.

Good posts Suzy. Yes, why a review and why so long? It’s an exact time given in terms of months. It is strange, and we have no explanation.

…Ed roughly four and a half months to have his say, not his day.

Apologies.

Pocko, that’s fair to say. We can’t rely on the RNS news to result in what the management team says will occur. In terms of planned progress that is. Suzy has made the point that we don’t know if work on the environmental application has been put on hold, it may not be on hold, but we do know they are no longer pushing for end of year/turn of next for submission. So why is that? We haven’t been informed as to why, nor do we know when the six month review began, only that it is currently underway. We were told this with six weeks to go until the new CEO joins us on 7 August, so we don’t know how long he’ll need for his own input. If the review only commenced on the day we were informed in the RNS that it was underway, then that leaves Ed roughly four and a half months to have his day. Of course, that is maximum. The review could have been underway for a month or two prior to us being informed about it. Lol.

The truth is either being withheld from us, or the information terribly mismanaged, which leaves us only with more questions. Something is going on that may or may not benefit existing shareholders. Not a peep from Vardar, no news of a PFS on Kallak and the Finland PFS news is behind schedule.

Rasmus is the only one who has updated us really, and that project seems to be the only one that is progressing. An update from Ulla? No. Or from the team at Vardar? No. The focus then, may now solely be switching to Finland. By process of elimination. Perhaps lining up Vardar and Kal to be sold. Otherwise, where is news from each of those projects?

Only my thoughts. Hey, perhaps Rasmus shouldn’t have updated us. Lol.

The mystery continues.

The concern is that the ongoing stuff has halted.

Fair points Sooz. The problem though is that Kurt knew of the Sami appeal while making the plans for this year. The Kal PFS, environmental application etc, so the appeal against the Government had been taken into account. That’s what I find irksome, and the fact I’ve parted with further money to support our Company, based on those RNSed plans given for the fundraise. I obviously now feel like he may have falsely represented the situation just to raise the funds. What of the rapid progress? I’m not certain what Ulla is doing right now.

Anyway, yes, and so we wait. x