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Martina, at least we agree that Kallak will end up with LKAB. The price? I've always thought the biggest risk to my investment (and I didn't factor in time!) was that newer investors primarily in Sweden would be able to buy shares cheaper and therefore accept a lower offer. However, imo before a firm offer comes the exploitation concession must be granted and at that point we would be well into double figures again. I wouldn't expect Kallak to be sold for less than 20p per share and that's being very conservative.
This is now what we've got a small piece of...
https://vardarminerals.com/wp-content/uploads/2018/11/180723-vardar-investor-presentation.pdf
Didn't expect that this morning. I expect a few of the shares from the big sales will end up in Sweden, maybe we'll get a notification of a 60% shareholding there soon. Psychologically that might be handy to counter the 'British company' label. Good luck to all those who topped up.
I don't believe Sweden is xenophobic or corrupt, at least not in our case. You need look no further than a weak government having to bow down to the minority party in order to remain in power. Hopefully that will change otherwise we will end up in court.
Big seller this afternoon, somebody has lost patience! Always puzzles me how somebody can sell that amount in a single transaction, I wouldn't have thought that the market would be big enough. MMs must be confident of shifting them.
Follow Sweden instead. It's 6p to sell over there and some interesting discussions about the possible outcome of the Govt talks and future of LKAB. I've always thought that LKAB will have a huge part to play in Kallak and imo it's all lining up - if we can get the political nonsense out of the way.
Interesting, though I think two other articles on the site were just as interesting...one that the Moderates are working with the Sweden Democrats locally in Southern Sweden, the other that interest rates are being held at MINUS 0.5% :-0
I haven't sold BEM or SXX, needless to say I wish I had sold both. Pretty much everything else apart from a few divi stocks.
Given the recent news a dramatic drop in the share price on no official news probably means one thing imo...fund raising and dilution. I had hoped it was months down the line and still do but I'm expecting news of a placement now. At what price I wonder and how much? I hope it comes with good news about our graphite deposits and the reason funds are needed.
All just my opinion of course.
at todays big drop. The best I can say is that a fair amount of it is closing the wide spread. I know...clutching at straws. I sold off pretty much all my investments in FTSE and Dow yesterday, I think it's going to be a stormy Autumn.
Stuff seems to be happening...
https://www.breitbart.com/london/2018/10/08/swedish-anti-mass-migration-leader-offers-resignation-to-allow-his-party-to-enter-government/
https://www.breitbart.com/london/2018/09/19/majority-swedish-moderate-party-politicians-governing-agreement-populists/
All sells today have been over 6p so the headline figures are just representing reality a bit more closely.
I also think that it takes a trade (whichever way) to adjust things to reflect what's happening in Sweden. Buys peaked at 0.78sek there a little while ago, that's 6.7p.
Prime Minister Stefan Lofven lost the first round in his battle to remain in power as Sweden faces a protracted process to form a new government after a surge in nationalist support.
The Alliance on Monday used its majority with the Sweden Democrats to elect a member of the conservative Moderate Party as the new speaker. The new speaker, Anders Norlen, holds a key role and will decide on who will get the first try at forming a government and on the timing of a confidence vote in Lofven.
But the Alliance remains divided on whether to seek further support from the nationalists. The smaller Center and Liberal parties are against using the bloc of nationalist lawmakers to gain power, while the Moderates and Christian Democrats are open to passive support.
Both the Sweden Democrats and the Social Democrats are working to divide the Alliance, which could end in either a smaller right-wing government or a broader bipartisan coalition.
Am I right in thinking the Government will be formed by the first coalition that the majority *doesn't* object to? If that's the case the Sweden Democrats could give their passive support to the Alliance and get them to power without any public negotiation. I'm sure they could come to some arrangement behind the scenes. The Left Party did the same for the Social Democrats at the last election as far as I could see. Communists on one side, Fascists on the other, what's the difference?