Member Info for extracover46

Do the maths-that's what I said !

I thought the Dec 2021 RNS said he had just over 17 m shares-so still has 5 m or so left?

Guess that much of it is down to footfall in high streets etc with bods mainly working from home. Plus raw material input costs (flour/wheat and other bread based products which they major on). Thanks Putin!
Lower footfall figures in cities and large towns also corroborated by data showing much reduced rail commute travel etc.
On the other hand with price worries thought GRG had a reasonable chance of doing OK as people traded down to save a few bob on a grabbed lunch.

Trouble is that bad news sells papers,good news doesn't.
Media seems determined to portray rational responses to import induced inflation (i.e generally not of our own making) as a collapse in the whole system.
This isn't the 1920s!

Pareto effect.
80/20 rule

I would have thought that the Gov lawyers would have been all over this like a rash long before the decision was made. All parties were given plenty of time to make their respective submissions and indeed the Sami if I recall correctly were given an extended period to have their say.
I make no claims to being a lawyer but in my humble opinion any chance that the Sami have of overturning the Gov decision would have to be on the basis of a proven flawed consultation process and subsequent proof that would stand up in a court of law that the Gov failed to take into account /ignored or somehow disrespected the Sami concerns that were expressed as part of the formal and legally constructed consultation process..

Just wondering about all the macro economic and geo-political gloom whether the doom mongers have forgotten that with the (far from recent) demise of Debs that one of MKS "competitors" has left a rather big retail space to exploit that isn't going to be filled by other players who are at the budget end of the market or the top end.

D789
Good point but it depends on what (if any) arbitration backstops the SW gov put in place to prevent the Sami taking the proverbial as they will undoubtedly try to do in the early stages when they begin to comprehend the amount of money flowing from this operation.
I argued earlier in a post many moons ago that the easiest "solution" would be for BEM to pay a levy based on ore tonnage extracted which would be paid directly to a third party agency that would disburse funds directly to the Sami in terms of compensation and would also provide a sinking fund to pay for land restoration/reclamation once mining had finished and future generations of Sami could continue with their cultural activities.

Having read through the 12 conditions I don't think these are particularly onerous or even "unique!"
However at the end of the day it will come down to a judgement around what are "reasonable" costs that the Sami might "reasonably" claim following mining or other BEM activity causing financial loss etc to their reindeer activities.
The key word is "reasonable" which is why meaningful and timely dialogue especially with the reindeer herding community is going to be vital.

I'm not a lawyer but I would suggest that the only admissable grounds for an appeal would be that based on due process not on the decision itself.
The "fact" that Kurt appears not to have had any direct face to face cosy meetings with the Gov minister-as many have inferred/indicated on these pages-is a point in our favour should the antagonists be seeking to blow holes in the d/m process.
I would have thought furthermore that evidence pointing back at least 7-8 years confirming how long the application/decision has been mulled back and forth is also a strong point for BEM.

You can work out the penultimate line but not the last-neither can I

Time for my pills!

https://beowulfmining.com/wp-content/uploads/2015/03/mineral-legislation-2006.pdf

Might be useful in clarifying what has been permitted. Those bailing out were aware that the detailed examination/envt process/objections stages now awaits us.
Hopefully by this time the toxic gnome might have had time to re-examine her vegetarian principles and have grasped some semblance of reality in the sense that the world can safely coexist with mining in a democratic country such as Sweden where it will be carefully managed with a solid plan to mitigate before/ during and after mining.
The environmental backlash/ sh-t show which I rather crudely referred to many months ago really hasn't come to the fore yet. They will have their day when presumably the BEM plans are examined in a public forum as part of the permitting process.
Hand in there.
nths agi hasn't happened yet

Good letter but would have liked something to have been added briefly about the economic benefits likely to flow through the sub regional population-including the Sami who are not directly involved in reindeer herding etc.
I would have thought that recent aggressive threats from Putin would have made the decision to secure home based resources that much easier to take.
Finding it difficult to fathom the mentality of the Swedish "decision making process".

Sentio result based on sample of 1026 carried out between 24/2 (start of invasion) and 2/3 showed Greens on 2.8%
Earlier in January 2022 the same co put Greens on 3.6%.
Perhaps the message about developing and securing home based resources is being heard nationally irrespective of the noise being created in and around Kallak.

Hi Roller
Perhaps he's relaxed and the reason he can move on to other "projects" such as education is because he has made his mind up (hopefully "Yes") but feels that it looks better politically to make everyone wait. This then doesn't appear as a predetermined/rushed decision pandering to the mining lobby and providing more hot air for the anti mining cabals. Didn't he also say something about a decision in March anyway??

Not sure if the late RNS might have leaked before cop on Friday.
Some very confident with their buy/s from around 4 pm onwards.
Hopefully a good start on Monday despite Ella's and others' best efforts.

Might have been better PR and also politically--with 75% of shares in Swedish hands-if Monday's RNS was issued simultaneously in English and Swedish.
Some of the BEM detractors appear to be using the ages old argument that once again a foreign power ( British company) is trodding the old colonial route by stripping assets from their motherland!

The media is sleep walking us into a self induced recession.
Doom and gloom is the only positive way to sell the news.

I lived through a period of high inflation and super high int rates (15%) with at one stage 3 kids under 5 and one income-good old early 80s; the current media sh-t storm about how badly people across the whole country are struggling leaves me frustrated around the imbalanced reporting styles. But bad news sells eh? Keep telling people that we are struggling under a mountain of debt and see what happens to consumer spending. What happened to all that money that was saved when we had lock-down when people couldn't spend on hols/eating out or other discretionary spending. I seem to recall that it amounted to £3k per household on average across the UK-I'm stressing the word average/mean.
For example-I may be slightly out but I did read somewhere that 75% of mortgages are now fixed; you can still get up to 35 months on 0% balance transfers for those who are struggling with their cards (yes I know many cannot get credit but that is thankfully a minority).There are other examples-Maggie in contrast to Rishi gave young couples like us (at the time) no sweeteners to help with her form of financial management.
Dip stick that I was back in the early 80s -I didn't even know or wasn't advised that you could actually fix you mg int rate!!
I bet that younger people today with the net are much more financially aware than I was 40 years ago -or they should be given the amount of financial info freely available.
The MKS demographic will largely be relatively immune to the current malaise.

May be wrong -but had a note in my diary reminding me that today was the final date for all the legal docs to be submitted to the court/s.
Would appreciate any updates/thoughts.
V quiet here today!