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I've been on this board a long time and don't remember an exchange quite like that, even with derampers I've blocked. Suspect a few of us are getting a bit stressed about our investment. If you really do want to talk about the 'B' word I don't think this is the right place.
I vaguely recall the Swedish Govt taking about a levy on mining profits to cover the cost of the post-mining reclamation. I don't think it was a formal proposal, wouldn't have a problem with it at all personally.
Hi Ed, when brexit crashed sterling the banks and house suffered the most. Now sterling is on the rise again unsurprisingly they are the main beneficiaries. As long as there isn't a no-deal brexit sterling should be ok.
I bought £20k of Lloyds shares in early Jan and they are up 18%. Makes me wonder why the hell I've got so much money tied up here.
https://emerging-europe.com/news/kosovo-looks-to-mining-to-drive-economic-growth/
The Kosovan Minister of Trade and Industry, Bajram Hasani, has stressed the importance of the mining sector as the most sustainable way to develop the country’s economy.
“Kosovo is ripe for investment in the mining field, as the country has underground assets that can be used,” Mr Hasani told the audience at the Mining Sector and Mineral Resources Kosovo-Albania conference.
“Kosovo has taken important steps towards creating a good environment for doing business and it has made progress in economic growth, creating many new jobs,” said Musa Shabani, chairman of the board at the Independent Commission for Mines and Minerals. “It also has advanced legislation especially for investments through the Law on Investments for Public Private Partnership and the Law on Strategic Investments.”
That was 5 minutes before market close.
Just tried to buy 50k couldn't get a price. Just me?
I did say possibly a lot more! However it's not necessarily what it's worth but how much the majority are willing to sell for. If I had bought recently in Sweden for 0.5Kr and somebody offers me 3Kr less than a year later I think I'd take it.
I have no doubt that informal conversations have been taking place behind the scenes with LKAB, regardless of what their head guy says. Regarding KB making them a sensible offer, if we were to sell the Kallaks to LKAB it would be the shareholders that would decide what is acceptable, not KB. Which leads to another point...the more new Swedish investors we get the more likely a lower offer price will be acceptable. They would have lower averages and a vested interest in keeping the concession under Swedish control. They would still be 'owners' in effect. I still think that any offer would have to be in excess of mid 20s to be accepted, possibly a lot more. That's enough for me!
As a newbie investor I bought all the way up to 70p on the hype, but I don't blame anyone else. It was a lesson that unfortunately I needed to learn a few times. I don't pretend to have followed everything that Delt (and others) posted in terms of valuations, same goes for gruvgunnar and others more recently. All I know is that we are sitting on the biggest JORC'd unbroken quality iron ore field in Europe and that if it wasn't for an episode of politics breaking out in a previously mining-friendly style country we would have had our mine and our higher valuations by now. My feeling is that it is such a binary choice (with BEM valuation and Kallak concession tightly coupled) that valuations are irrelevant right now. All I know based on the rise of a couple of years ago is that the share price will be much higher just before a decision is made, as long as that date is known. Who knows what happens after that.
Delt, where have you been? More to the point why are you back? A few people might think that you are to blame for their losses all those years ago but that's silly, everybody is responsible for their own investment decisions. Are you still a shareholder or did you sell up in the 70s? Doubt we'll ever see those figures again but double figures would be nice!