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There seems to be a strong floor to the sp on Aktie of 0.7Kr. That's 6p. It's bounced off that a number of times this week. So I'm guessing that's the price they are offloading the new shares and we won't move up until that's done. We are still at a small discount to that price though. Question is will the demand be there to move it up? Unless there is some news I'm not so sure.
Aktie is taking a hammering today due to the new shares. Unfortunately they seem to be coming down to meet us rather than the other way around, still above 6p at the moment though. Surprised the Swedes didn't see that coming. Us savvy Brits crash it to dilution price as soon as it's announced!
Maybe they are using the election to gauge public opinion before making a decision? It seems like it will be a key election topic in Norbotten: https://translate.google.com/translate?depth=1&hl=en&prev=search&rurl=translate.google.co.uk&sl=sv&sp=nmt4&u=http://www.nsd.se/nyheter/bruka-eller-bevara-sa-tycker-partierna-i-jokkmokk-nm4818563.aspx
All about interpretation I guess. There is no doubt that a green govt would interpret things very differently to a pro-mining one. The current coalition seems a bit hamstrung when making decisions. I think it's more a case of politicians thinking that a sensitive case is best handled after an election otherwise it could be a vote loser for them. I know people would say the reverse is also true but if they can sit on the fence they haven't made a decision that could upset people. Frustrating but I get the impression the Greens are not that popular so it might work in our favour in the end.
I agree! It's all about moving away from a **** or bust situation. I don't think he's lost faith in Kallak though, just finally accepting that because of delays the only way to diversification is share dilution. Not what we like but if if it gives us a few more viable prospects and less reliance on Kallak that has to be a good thing for the company.
I think the general consensus is that share dilution is occurring now because the decision on Kallak is delayed and probably not going to happen until after the election. That might be so but I think it's a red herring (kind of appropriate!). I think KB is getting funds now, albeit at a price lower than he would have liked, because he is hedging against either a 'no' decision or further delays. It's saying two things: One, we have other fish to fry and we're getting on with it; two, we are not going away, we'll still be here in years to come so don't think about trying to push us under to get Kallak for free, it's not going to happen. Just my thoughts!
I like round numbers, so just topped up to make a very large round number in my SIPP (crazy investing strategy I know but it helps to be crazy around here). I forecast 30th Nov anyway and nothing has changed my mind. I'll make another forecast...the day of the election result our sp will go up significantly!
Takayama - that was my thinking too, hence 30th Nov. Having said that I wouldn't be surprised with news in the next few weeks either! Good news re. Finland. Hopefully will underpin the sp a little until we get Kallak news.
Some pretty large trades today which is unusual. Hopefully not a blip on today's RNS but the start of some momentum up to a decision. We all know what BEM can do on a bit of volume. I'm looking forward to seeing double figures again, how soon will that be I wonder?
Maybe the site is hosted by TSB!
The agreed process is that if MI and CAB can't agree it goes to Govt. That is what has happened (although we were here before prior to Norra Carr). The Govt have now consulted everybody and have all the input necessary for a decision. Damberg has stated the process needs speeding up, he would look a bit foolish if this got delayed again. The only question mark as far as I am concerned is the election. For political reasons only I can see them delaying it till after. Others will point out that that it will be to their advantage to make the decision before but I am not so sure.