Member Info for Gambier14

Vertical Sp surge and the book (what’s left of it) has exploded

So fake news allowing people to buy with a big discount. Well done if you were a potential buyer sitting on the sidelines and spotted the opportunity. I wonder how much damage to their stock price BEM will have to go through even if they get the concession. Multiple government f*ck ups, fake news media etc. I’m sure they all await BEM.

Would I be hugely surprised if people within the political class had a hand in this? Politicians always speak to journalists off the record. Maybe a coordinated effort to damage BEM, so making a decline of the concession a more frictionless decision?

Not sure they will care much about the letter, they are quite shameless. However, it is right to put a marker down for company and I don’t think it could have been worded better.

“An update and or a little pressure from KB wouldn’t go amiss...”

If he hasn't got any new information what can he update? And ‘pressure’ at this point in proceedings could backfire if the wrong thing is said or something said is misinterpreted / spun into a negative. They are not going to take to a CEO mouthing off about the inadequacy of the situation. Plenty in the Swedish media that would be happy to misconstrue.

Maybe sometime in April / May if no decision is received he might start asking questions publicly.

“with your "dirty and destructive assault on the land".”

It isn’t my perception. Mining is dirty. It is destructive. It is an assault on the land.

Calling it “Green” in any way is ludicrous - which is my actual point.

You can make it less damaging so that the cost-benefit of a mine can be improved. However, it is always a trade-off between money and environmental damage.

“I am also aware of the need for as green as possible mineral acquisition with the least carbon imprint as possible”

There is no such thing as ‘green mining, the two words should never be put together. Mining is a dirty and destructive assault on the land. It is hypocritical nonsense to describe it as anything less. It is aways a trade off between the economic benefit and the environmental cost. That cost is always significant but can be reduced in order to make the trade-off acceptable to those who choose economic growth as the priority.

The principled and honest environmentalists want to mass ban all these assaults on the land and because of their honest and principled position, loudly admit that people will have to accept a decline in their standard of living. They do not hide the fact that ‘negative economic growth’ is something we have to live with. I respect these people, although wholly disagree with them.

The problem are the virtue signalling hypocrites in Europe who offer themselves as ‘green visionaries’ whilst privately living off the benefit of fossil fuel burning / land smashing capitalism. This leads to bans on potentially less damaging mining / fossil fuel drilling / nuclear development in Europe so that more damaging extraction can occur somewhere else. This allows them to live off the benefits of such far away activity whilst nationally signalling their green credentials

This hypocritical off shoring of sin has now produced an additional cost - geostrategic weakness through dependence on despotic states. These same phoney hypocrites are now signalling their virtue about ‘unity’ with the Ukraine. Nauseating.

The true saviours are the frackers of the United States. Without their now massive contribution to global fossil fuel supplies, the West would now be well and truly over a barrel.

One would hope that securing supply chains / raw materials through national development is now a priority in European countries.

Just been reported that fracking sites in the U.K. will not be concreted in next week and further ‘research’ will now be allowed instead. Genuine consideration is being given to starting up coal power stations in Europe. Sanction ridden fossil fuel suppliers (Venezuela’s etc) might be given some leeway.

So it is looking like we might have a resurgence in the burning of fossil fuels and mining of the landscape. Greats news. A decade too late, but better late than never. Looking forward to seeing those chimneys billowing and the diggers smashing up the land again..

“and you're accusing almost everybody else, Gambier, of doing what you're doing, and that is being a know all from a safe place”

No, I’m not.

I have already stated I don’t know what exactly will happen in Ukraine and I never stated that what I think should happen is morally right. I am merely highlighting the hypocrisy of saying one thing publicly and living the complete opposite privately.

I believe in mass commodity extraction and paying the associated environmental cost to keep the world economy going. I don’t claim to care much about dirty money or despot governments in my day to day life. I don’t know under what conditions my electronics or clothes are made for example and I don’t not use a particular brand because of it. Beyond privately saying things are ‘sad’ or ‘unfortunate’ and feeling a little sorry for people I see on a TV screen, the ills of the world are rarely at the forefront of my mind, I tend to focus on what is happening in my own life.

I can’t go round telling everybody else about the virtue of one thing or another when in my own life I don’t live up to that virtue. If somebody does live up to that virtue then all the more power to them and they ought to get much more respect than somebody like myself. But I think we should call out people who are saying one thing publicly and doing the complete opposite privately.

I think we should have a mine in Kallak. It will have an environmental cost but I think the benefits outweigh those costs. Most importantly to me I want a mine at Kallak because I will personally profit from such a decision.

Quite simple really.

“don't mock knock virtue is's a good thing”

I didn’t . Your continued problem with comprehension?

and so is 'chattering'

I didn’t say ‘chattering’.

“I would hope we have people embedded within the Kremlin who have the necessary resolve and capability to do the deed.....”

It is hard to know what the outcome will be other than the universal guarantee that the chattering classes of Europe will be there ready to signal their virtue however grossly hypocritical.

I think we should just go hell for leather in oil, gas and mineral extraction over the next two decades and let dirty money be recycled like the old days. Ukraine will have to offer up some kind of sacrifice in the meantime. Accommodate the geopolitical pivot of China and Russia with the Americans drawing some lines in the sand that the European can hide behind.

Get inflation down, get productivity up and let’s get cracking on the economy. Jobs, growth and innovation. Green technologies will develop as we go along and we can adapt to climate change. Some countries will have to live with more environmental consequences than others.

Finally, mercilessly and at every opportunity, call out every single person who virtue signals about the environment and geopolitics whilst hypocritically living a life of a care free, narcissistic first world, fossil fuel burning, mineral extracting, hashtag activist.

Under those circumstances I think we can have a mine in Kallak.

“Thor made a statement on his Facebook page.. basically a time for money making and business and a time for support and solidarity ?? Not looking good ..”

So the Europe that did so much fossil fuel business with Putin that he was able to rebuild his army and became so hopelessly dependent on his oil and gas that they had to turn a blind eye to his bad behaviour, are now offering support and solidarity? If only hypocrisy and virtue signalling could be plugged into the grid, there wouldn’t be an energy crisis in Europe.

And when they say offer support, what they mean is very limited arms supports that is far too late and a massive cost of living crisis for ordinary Europeans - the wealthy middle class who make up the political establishment will do just fine.

Why don’t they cut to the chase and sell Ukraine down the river at the negotiating table and claim it to be a ‘historic peace treaty’. And as per usual have the rest of Europe hide behind American defence capability (tax dollar of the average Joe) in the longterm. Then we can get back to ‘money making and business’ in Europe.

Ok ‘delay’ doesn’t encompass the shambolic and destructive nature of mining licensure in Sweden, but the point still stands: if you invest in Swedish mining you have to expect delays in decision making. If they say many weeks it will probably be many months, if they say many months it will probably be many years.

It is what it is. And they don’t care what anybody else thinks with regards the times frames, whether that be investors or CEOs.

If you haven’t got the patience to wait for Swedish mining decisions, why would you be invested in BEM? Delays and slow decision making is baked into an investment in any Swedish mining company.

And that was the utter stupidity of those on here who were telling everybody it would 20p by the end of said week, x pence by the end of week y. Remember those idiots who have now gone remarkably quiet?

“Politicians and many, many countries have found their voice, decisions are being made and actions taken. Support for Ukraine is widespread, people want to distance themselves from Russia and become more self-sufficient. We need to wean ourselves off Russian oil, gas and raw materials as much as possible”

And their voice is that of idiots who created the dire energy situation we are currently in. In order to have secured a more secure oil and gas supply it needed political decisions to be made well over a decade ago.

Western leaders have made Europe acutely dependent on Russian oil and gas by their energy decisions over the last twenty years. A mixed energy policy involving nuclear energy, tax incentives to further develop oil and gas reserves in Western Europe, greater connection to more expensive Middle East gas, greater gas storage and LPG backup were ignored so they could virtue signal about the “Green Future”.

Now they are trying to take virtue for banning Russian oil and gas when it is too late and where the consequence might be $200 barrel oil, terrible stagflation and a call on gas futures contracts that might cripple the financial gas markets.

And where has the defence spending in Europe been over the last thirty years to account for this quite predictable threat? Much of Europe now has quite laughable defence capability. Why wasn’t proper defence preparations made in Ukraine five years ago? Why the desperate attempt to get weapons in now just as supply routes in are being closed by the Russians?

The political class that caused this situation to be so acutely damaging are now claiming to be the saviours. The sight of people in Western Europe patting themselves on the back about ‘unity’ is quite nauseating.

Will the political class in Sweden now get through their thick skulls the importance of geostrategic supplies of hard commodities? Will they now see the greater importance of Swedens mining industry? History says not.

Or next month? There is no definitive reason to believe it will be March rather than say April. It will be in their own time and they won’t feel pressured into working 24/7 to make a decision as quickly as possible. It wouldn’t be unreasonable to expect a March decision, but April or May wouldn’t shock me. They are prone to taking the p*ss.

The failure to diversify energy supplies in Europe offers two hypocritical options for the Europeans: 1) Fire up the old coal power stations for the medium term or 2) In the short-term cut a deal with Putin so he continues with his gas supplies (which pays for his army) and so sell the Ukrainians down the river.

Apparently, LNG is an option IF they can build some new terminals at hyper-speed.

We are lucky that American investors poured hundreds of billions of dollars into innovating new tight oil technology over the last 20 years. Without that huge contribution to global and oil and gas supplies we would all be in a far worse position. Thank god for fracking.

It will also be (hypo)critically important to keep China happy - they can bail out Putin. So a somewhat blind eye will have to be taken to Hong Kong, Taiwan the Uyghurs and other geo-strategic moves they are making. Similarly the Saudis will have to be given a very wide birth over the next few years, possibly even inviting Iran back into the oil / gas supply arena.

So that will be the Paris Agreement pretty much out of the window for most countries. Almost as if much of this environmentalism has been hypocritical, virtual signalling nonsense that doesn’t take into account the reality of the world as it is.

If Sweden doesn’t want to mine more of their own iron ore, then more of it can be imported from Australia, China, Brazil, India and Russia who use a lot coal power for mine energy.

“You can't justify saying people want everything for nothing, Gambier...it's not a principle fact it's a generalisation”

How obtuse. Of course it is a generalisation. It is not possible to account for exact proportions. That is why it is common parlance to use the term ‘people’ to highlight that something is a generalisation.

Try again.

“I said you can't justify you're bleak outlook, it's just your opinion...because you can't predict all outcomes”

I can justify everything thing I posted and I’ve noticed you haven’t pointed out what I’m not able to justify. Not a single thing in my post made claim for being able to predict all outcomes. You have just randomly introduced that.

My post merely points out that the contradiction in peoples demands. You can’t have genuine environmentalism without some increases in prices and some limits to growth. You can’t have a genuine moral position against despots or poverty without losing much of what is produced by those things. You can’t live within your means without some higher taxation or some lower spending (growth on its own has continued to lead to increases in national debt).

These aren’t predictions of all outcomes, they are principle facts. They represent the contradictions and hypocrisies that are continually repeated by the public and happily espoused by politicians desperate to say anything to get in power.

If they decline BEMs concession that is fine. As long as it noted that the iron ore will still be mined elsewhere in a likely less environmentally friendly way. It will cost jobs and economic growth in the locality that won’t be replaced by anything else. And the conclusion to the debacle will be an example of failure in the licensing practices in Sweden. A not in my backyard decision that is not environmentalism - it will still cause damage to the environment elsewhere and whose economic costs will not affect the wealthy chattering classes who are always loudest about these things.

“Again a very bleak outlook and you can't justify such statements by throwing statistics around”

What specifically cannot be justified? The fact that you don’t know something doesn’t mean it can’t be justified. So go on, what cannot be justified?