Member Info for EricDraven

Pocko, fingers crossed only a small amount goes to Vardar, although I’d prefer nothing more to be given to that project at present. Let’s get Kal drilled.

Pocko, pmsl. Q1 we put many more millions into the bank. Now comes the worry, Q2, dispersal of said funds.

TFE, I know why I couldn’t find anything like what you were saying on the website. It’s because I was looking at the BEM website and not the Jokkmokk Iron website. But you did say BEM, so that’s why I was hunting high and low for it.

I’ve now seen the part (translated, both below) on the Jokkmokk Iron site where it mentions 2023/24 turn of the year for submission of the environmental application:

“The application for an environmental permit for Kallak/Gállok Norra will be submitted to the Land and Environmental Court at the turn of the year 2023/2024.
Ansökan om miljötillstånd för Kallak/Gállok Norra kommer att lämnas in till mark- och miljödomstolen vid årsskiftet 2023/2024.”

I’m satisfied that it did mention extraction and has been changed now also to this:

“Jokkmokk Iron is a Swedish company with the ambition to extract iron ore over 30 years in the world's best open pit mine in Kallak/Gállok.
Jokkmokk Iron är ett svenskt företag med ambitionen att utvinna järnmalm under 30 år i världens bästa dagbrott i Kallak/Gállok.”

The 2023/24 turn of the year indicates to me that it is still on track and at latest may slip into January 2024. Otherwise it would be pointless and misleading of them to mention 2023. It’s the “turn of the year” that unfortunately means it won’t be early Q4.

Cheers TFE.

Can’t sleep. 3:13am. Yee-ha! It was code for little to no interest. One trade all day with a fair RNS. Holy cow. Lol.

Evening Trouble. You could perhaps try Interactive Investor if you are after a broker, that’s been ok for me and they now have a handy phone app.

Best of luck if you are buying back in.

TFE. Hi. I am viewing everything on a small smartphone at the moment, and I can’t seem to find on the BEM website where it mentions “extraction”, or where the news states 2023/24 for the Environmental Application submission. I can only find the general description of the company activity as being “exploration and development”.

It may be because I’m not using a desktop computer, and I don’t have one, but I’d be grateful if you could kindly point me in the right direction as to where exactly that info you mention is stated.

Many thanks.

Lb, I agree re the communication between management team members, and no, Kurt doesn’t have to liaise with and manage hundreds of staff members. It’s simple enough. It’ll be Q2 very soon, so let’s see what that brings. You know my concerns and also how I’ve tried to help myself by taking part in the last two fundraises. We need really decent news. From now!

Signing off. Have a good evening.

Dunno. Surely they wouldn’t spend a few hundred quid though.

There was a really low trade today on BEM for £1.17. Now that probably was the mms pi55in’ about. Lol.

Aye Pocko. With the PFS and Environmental Application submission both within Kurt’s control and not within the lost avenues of the Swedish Government, there should not be any reason why these can’t be delivered within the time stated. Particularly as the timescales are very general as to Q2 and Q4. No excuses for not achieving the planned work.

Lb, fair enough re being able to run numerous things concurrently, but I suppose it’s also a question of budget. We don’t know either, just how communications are between Kurt, Rasmus and Ulla. Whether Kurt has to press for updates etc, or if they are offered up freely. Kurt not being based in Sweden or Finland, for example, can’t be ideal. So we have to trust Rasmus and Ulla’s performances are also closely monitored by Kurt, just as we are monitoring him, albeit with our limited information. Lol.

We could go on and delve, but drawing our own conclusions, especially when the sp is struggling, may not necessarily be the correct conclusions.

Nobody can argue with where the sp is though, or that it is Kurt’s responsibility to ensure the performance is raised to put us in a better and much safer position.

It’s been the expense of Kosovo for only promising results of further places to explore that hasn’t helped. We could have drilled KS and proven up more potential mining life with that Kosovo money. You and I know that it hasn’t sat well with some of us either that Vardar isn’t a listed company.

This year is vital for progress being reflected via sp, and I’m nervous about it.

Troaj, at least the sp didn’t fall on the one trade. Lol.

Yes, we shouldn’t be left wondering just when in Q2 the PFS on Kal will commence. As an example.

Afternoon Owly. I see you are still talking glass eyes to sleep. Lol.

Best wishes.

Good little update. Helpful but general again. Lol.

Hi Sooz. Yes, but Kurt hasn’t only had two weeks since the fundraise to return something tangible. He’s had a year since the concession was awarded to do that, and prior, with both the Finland and Kosovo projects, while we were waiting for the concession decision.

I can appreciate what you mean, but historically he has so far failed to return any sustained value for shareholders.

Just seen your post Pocko. Yes, I agree with you.

Johnny, no, I don’t want to see this consolidated, not until the company is performing well, as it will only mask the performance situation and give Kurt an easier ride. I want him to do a much better job of keeping the current amount of shares in check now, not reset the amount of shares in issue then start raising funds again. It would be like giving candy to a baby.

Only my view.

Yes Bans, I’ve made some terrible decisions, sticking with shares throughout for the most part. Or waiting until they went bust while thinking that they’d bounce back at some point, like with BHR. ORE was a calamity wasn’t it though, in a different way. Start out with a gold mine and end up with bras and knickers. It is unimaginable what occurred, yet it did. The gold is still there too, but a bit too varicose veiny. Lol.

Best of luck with BEM.

Bans, I hear you. It does depend on how adept Kurt really can be from hereon in with his news delivery. As fantastic as the assets are at Kallak, for example, it doesn’t matter a jot if we are only served up news that prompts more questions than it gives answers. A bit of continuity between pieces of news would also be appropriate. I won’t expand on that. Less of the seemingly random, more focus on giving us specifics then updating us on those areas in future RNS.

Boom! Lol.