Member Info for gruvgunnar

Sorry, MKB is Swedish for EIA. MKBn in definitive form. :-)

an s l u t a is connect. :-) No sexual reference.

ja, du har rätt i att det finns en anledning till att vi är där vi är. jag sålde när vardar togs in, sålde du när bearbetningskoncessionen erhölls? du behöver förstås inte vara öppen med det här, bara en tanke.

det är en omfattande diskussion om varför det dragit ut på tiden, jag har valt att gå in nu då jag menar att nuvarande vd med sina rekryteringar runt arbetet med mkbn visat vägen framåt. då jag i min närhet har professionella när det gäller bidragsansökningar på nationell och eu-nivå, hoppas jag att detsamma gäller detta område. det ser vi under våren. jag tror det i den situation vi faktiskt befinner oss, som ju är ett uppenbart faktum, så får vi skilja på vad bolaget kan påverka och vad som är externa faktorer:

bolaget har mkbn för kallak i sin egen hand, antingen på ett vardarfinansierat sätt eller, under andra omständigheter. det är min uppfattning.

finansieringen av den finska verksamheten vad gäller möjligheten till utfarmning genom privat placement har jag inte samma inblick för att kunna ha en uppfattning om. vi väntar på nyheter i maj runt ansökan till eu för att bli utsedd till strategiskt projekt, en dörröppnare för bidragsdelen.

när det gäller externa frågor bolaget inte kan påverka menar jag att det nyhetsflöde som varit senaste 10 dagarna är extremt lyckosamt till företagets fördel. järnvägsvagnarna behöver inte gå halvfulla till narvik, ett avtal med större aktör om att sälja ut hela eller delar av produktionen med ett stegra smältverk utvecklat just för den produkt kallak har, och - möjligen - en process där företagsetableringar sker med ömsesidig respekt på lika villkor med den omgivande miljön - nog är det intressant. låt mig tillägga: personligen är jag noga med att inte hemfalla till bitterhet mot den behandling samebyarna givit gruvindustrin, låt oss samverka för allas bästa. jag ser slurrypipelinen som det faktiska uttrycket för detta. men jag ser också en framtid när slurrypipelinen kopplas vidare på botten av sjön randijaure och an****er till de stora mineraliseringarna söder om sjön där bolaget också har koncessioner.

ursäkta språkvalet har lite bråttom.

I tried to give a nuanced picture of the current political situation in Sweden to make the picture understandable without sweeping ignorant judgments, Pocko.

I was, as my last link showed, wrong on one point: Today's late news was that the government will submit a proposal for a new investigation into the Reindeer Husbandry Act even before the election. I thought that was relevant only after the election.

What are the timelines here with this week's news?

1. Stegra will start production in 2027.

2. The renovation of the Inlandsbanan has capital to start in 2026, but the shovel will be put in the ground in 2027.

3. The Reindeer Husbandry Act will be a big issue in the election debate in 2026. The decisive thing is how the Social Democrats will formulate themselves when the Tidö parties choose sharp rhetorical slogans. The issue will divide the opposition parties, which is reasonably an aim. The opposition is currently leading by 7-8% in the polls. I'm not "excited" (Pocko) enough about the matter, that is from a time perspective. My best guess is a bill late 2027 - 2028.

Further more:

https://www.svt.se/nyheter/utrikes/kd-hoppas-att-renfragan-blir-en-tillgang-infor-valet

"The only thing I'm ruling out is a collaboration with the SD. Otherwise, I'm not ruling out anything."

are you interested in details about swedish politics?

regardless of who wins the election, will busch (kd) become minister of industry?

if the so-called tidö parties win the election, a bill will come from the government on the reindeer act and national interests, after the usual investigation in parliament. with a social democratic-led government that draws support from the green party, this is less likely. the social democrats are happy to cooperate with the parties in the middle in new constellations, see the article.

it is in the nature of things that busch argues for the tidö alternative, but if they lose the election, things will end up in a different light. presumably, the matter will be done after a new election to free all parties from everything they have said, except that they want to take responsibility. :-)

"på onsdagen möttes energi- och näringsminister ebba busch, kd, och s-ledaren magdalena andersson på volvo cars lansering av sin nya elbil ex60 i torslanda. intresset var stort för de båda partiledarna som under det senaste året talat allt varmare om varandra.

– ebba busch har verkligen utvecklats de senaste åren och blivit en mer pragmatisk politiker. vi hade väldigt bra samtal där både hon och jag hade velat se en bred energiöverenskommelse. men det finns fler frågor där man skulle kunna samverka med kd, säger magdalena andersson.

hon delar centerledaren elisabeth thand ringqvists syn på att kd kan vara redo att byta sida om tidöpartierna förlorar valet i höst, om än något mer försiktigt.

– det är inte omöjligt att en valförlust för tidöpartierna skapar nya öppningar för samarbeten. man kan samarbeta på många olika sätt i svensk politik, säger hon.

i en regering?

– det enda jag ute****er är ett samarbete med sd. i övrigt ute****er jag ingenting. svensk politik skulle må bra av mer samarbete och mindre blocktänkande.

vad skulle du locka henne med?

– till exempel en industripolitik som faktiskt bejakar tekniken där svensk industri ligger i framkant och har investerat väldigt mycket pengar.

hon tänker dock inte dela ut några ministerposter före valet.

– sedan får vi se vilka partier som kommer in i riksdagen och vad som behövs för att bilda en regering."

https://www.dn.se/sverige/andersson-lockar-busch-med-industrifragor-hon-ar-en-pragmatisk-politiker/

The language issue does not make it easier to follow the Swedish political environment.

1. The 30 billion SEK allocated to infrastructure, from Inlandsbanan, is based on a decision that has already been made to borrow 300 billion SEK to strengthen the Swedish defense. The latter decision was taken unanimously in the Riksdagen. The allocation of the 30 billion is supported by the Social Democrats, but has its own majority in the current government. The CEO of Inlandsbanan states that preparatory work will take place in 2026 but digging in the ground will take place after the winter of 2027.

In recent days, two parties have stated that they want to review the current legislation where the reindeer industry has a so-called national interest. This is not tied to Kallak specifically, but to the development of the whole of northern Sweden. There are active so-called "Samebyar", an economic association where the reindeer-owning Sami gather, on 52% of Sweden's area. The current case in the debate is not Kallak but a deposit that LKAB wants to start up. Without a doubt, it can be said that the leader of the Christian Democrats is seeking votes ahead of the autumn elections in northern Sweden on questions about who should have hunting and fishing rights. This question will not be decided in the near future, but a clear mark in public opinion can be seen.

My assessment is that Kallak, through the processing concession, obtained a decisive victory on the issue of the relationship to the reindeer husbandry and the distance to Laponia, seen as a social geographical issue. The following environmental assessment has to fulfill the conditions that the government gave in its approval of the concession and otherwise resolve the other environmental issues that are otherwise linked to mining as such; water, noise, dust, transport, etc.

After the news that Wallenberg is stepping in as a financier of the Strega smelter that will use DIR ore, followed by the news about the renovation of the Inlandsbanan and a change in opinion about the reindeer industry's status as a national interest, the focus on Beowulf's future leverage when they have financed themselves becomes obvious. Announcement will come when it comes.

Things are moving quickly.

"Moderaterna öppnar för att ompröva rennäringens status som riksintresse.

Rennäringen har en viktig kulturell och historisk betydelse som vi värnar om, men ingen enskild näring ska per automatik väga tyngre än andra. Riksintressesystemet behöver reformeras och rennäringen ska inte vara undantagen från den diskussionen”, skriver M:s landsbygdspolitiska talesperson John Widegren i en kommentar till SVT.

Utspelet kommer dagen efter att Kristdemokraterna gav beskedet att antalet renar bör minska och att rennäringen inte längre bör vara ett svenskt riksintresse."

"https://www.svt.se/nyheter/inrikes/senaste-nytt-om-val-2026?inlagg=65c50a490c34db05f7190d5f31f9813b

Https://www.svt.se/nyheter/ekonomi/wallenbergs-namn-mer-vart-for-stegra-an-miljarderna

Wallenberg is the leading financial family in Sweden since WW2.

Improve your swedish, :-) :

https://www.placera.se/nyheter/wallenberg-kliver-in--sakrar-stegras-finansiering-2026-04-14

Stegra will use DIR ore.

Interesting perspective, Pocko. Then we know what your view is here, or do we? It is presented in att descriptive manner som that you will have right both ways. Except for the last statement about longterm shareholders. What about that we all have a choise at any given time? What is the most rational investment today, if you find it somewhere else, good luck. I look forward following your argument on that CO's board. We will see if my prediction is wrong. If so, it's my own money and a risk - reward that I personally will take. We all have to do our own DD.

Having ore in the ground and a approved ownership of the ore for 25 years there is a value 3-4 times todays market cap, selling the property next weekend. More if the process gives more time. Every buyer knows the extrem demand in the market for the typ of ore we have in Kallak, note Anglos deal with Grangex.

I understand Eric, I left Beowulf when Vardar was bought. With that I missed the rise for the processing concession, an increase of 1000% from my entry. We all make our choices. I have now re-entered. Why?:

1. The processing concession was a political process, the EIA processing is a strictly legal process in the Umeå Environmental Court. I back that with my Phd studies in political science, for what it's worth, ibjj.

2. The concrete steps taken in the final work with the EIA are crucial for the final quality of the EIA, here I think transparency is good.

3. I see that it has been a long Golgotha, but my assessment is that the share price is extra pressured due to financial problems that can be solved and that will certainly cause a movement in the share price when that happens.

4. I mean that before the end of the year we can have two completed EIAs and PFS. Both with a basis for partnership, if you will. I will communicate details about this with the CEO. I do not see that the ball is anywhere else than in the company's lap when it comes to completing the EIA work and submitting the application.

With this slightly different view of the possibilities in the legal system in Sweden, I also see opportunities to discuss how the path forward after a submitted EIA should be financed.

I am really sorry for those who have completely lost faith in the political system in Sweden, I am not here to defend it. I have only invested to triple my invested money.

Suzy, love Herakleitos. Use to call him the first dialectician. Things both are and are not, right?

Dear friends, I have become familiar with what it is like to have several kidney stone attacks and have been unavailable.

I have a nice tone in contact with our CEO and will continue to communicate Beowulf's opportunities with him. As an old football coach, it surprises me that the forum does not want to talk about a future business plan, but, only, react to what comes from above. How can we be proactive, I find that to be an exciting question. There is not "one solution", there are many different types of solutions. All proposals can, in a Platonic world, be adjusted to become equal if the percentages are adjusted when they are compared. It is not about principles, but about questions of suitability. The weakness I and others have is that we lack management's bird's eye view, depth of knowledge and local up-to-date knowledge. This should of course not be ignored. At the same time, we come from different experiences where several of us have been involved in company construction that can provide unexpected perspectives on issues.

I'll write an email to the CEO soon about the mineralization in Kallak South and the opportunities in the Parkijaure licenses on the south side of the lake of the same name.

Drink water, everybody!

A confession: I wrote about changes in two-day price movements upwards, when the most recent conversion was made. In the almost 45 years I have debated stocks in various contexts, this has not happened before. The interesting thing is to look for empirical evidence in the material substance, be it geology or legal issues.

The interesting thing here is whether we are in a turn-around, or not. In the short term, the question is not, I can almost promise, whether there will be continued credit financing until other financing takes over. That's how it will be, unless other funding suddenly arrives in the next few days.

This is for you who believe in the actual substance that Kallak represents:

What type of financing do you prefer (1) until the EIA is submitted, (2) the period until the EIA approval (3) the period until mining starts?

I have provided sketchy views to the CEO where the basis of my approach is that dilution in the material resource is better than dilution in the share. Everything else is a matter of suitability.

A new credit facility has the strength of being fast, but a credit facility with priority for shareholders takes about 8 weeks to arrange in Sweden. I am discussing the latter in the context that we may become independent of when Vardar falls out. Let it be a bonus when it happens. If so, correct me if I am wrong, then we leave behind the question of Beowulf not continuing as a CO. Personally, I think a credit facility that removes the worry about the company's financial existence would be good for the share price, cet par. We need to leave the current ad hoc situation. Can such a facility be signed, what does the market look like on the issue?

In a future post I will try to formulate a concrete proposal, does anyone else also have a proposal on the issue, please give us some color on that.

I wrote:

"I am trying to interpret the rising price in Stockholm, which is an empirical fact. Why are investors keen to buy before there is an announcement?

"I think the answer is that the value of two EIAs with a low risk of being delayed for supplementary work, gives, not 100% of the current valuation, but ten times the same. It also gives strength in partner negotiations. The last a new question rising over the horizon, we will see. :-)"

That's why I concluded with this paragraph:

"It is reasonable that the next presentation from Beowulf should contain more detailed information on how the Co specifically intends to lower the permit risk in Kallak as well as in Kotka. Two EIAs with a low risk (and there fore high chance, Suzy) of reaching approval in the various projects are the best value enhancer the company has since the approval of the processing concession. Both applications provide strength in partnership negotiations."

We do not have any information, except speculations, on the outcome of the financing. Looking forward to an update on the EIA work in Sweden and Finland as well as the plans for the mid term future that takes Beowulf out of the current ad hoc situation. Could it be that both of these things are mutually reinforcing?

I am trying to interpret the rising price in Stockholm, which is an empirical fact. Why are investors keen to buy before there is an announcement?

I think the answer is that the value of two EIAs with a low risk of being delayed for supplementary work, gives, not 100% of the current valuation, but ten times the same. It also gives strength in partner negotiations. The last a new question rising over the horizon, we will see. :-)

In such a situation, rumors spread and one can slip on truths. Anyone who has had dealings with management can decide whether I fall into that trap.

What is most rational statement: The current de facto work with the EIA is of course closely tied to the pipeline and the issues that can be said to touch it. Or: " This is for the NordicPipe project and has nothing to do directly with the Kallak financing." Do your own DD.

Can we find any rationality in the midst of all this, for example (1) the question of how big the risk of a purchase is compared to the leverage if successful? That is up to each individual to decide.

We can (2) read the releases so that when the recently announced EU grant is realized, everyone can make an assessment of whether more financing is needed before Vardar is completed?

The investors who buy today reasonably see more upside than downside? This is not an attempt to be optimistic on my part, just a calculated assumption after today's price movement.

Thanks for your distinction about the translation, Suzy.

This morning Stockholm seems to be acting in the belief that today's conversion into shares by the lender is the last.

If so, it would be because the new grant of SEK 11,000,000 is being awarded to the company. This would in turn make it easier to wait for a decision on the Vardar deal.

There is possibly an expectation in the market that the company's management will clarify which path it will choose when it comes to partnerships to get out of the current ad hoc situation.

It is reasonable that the next presentation from Beowulf should contain more detailed information on how the Co specifically intends to lower the permit risk in Kallak as well as in Kotka. Two EIAs with a low risk of reaching approval in the various projects are the best value enhancer the company has since the approval of the processing concession. Both applications provide strength in partnership negotiations.

No, building permits are processed under a different law after the EIA has been approved.

"NordicPipe is a collaborative innovation project that builds on work already completed by the Company with support from a number of its partners."

It is further pointed out in the release: " It is anticipated that this work will exceed the requirements for a Feasibility Study." I do not know which details the Co chooses to work on in parallel with the submission and processing of the EIA and which ones the Co chooses to include in the submitted EIA. Reasonably, the things one initially wants to include in the EIA with the slurry pipeline that, possibly, are not already in place are prioritized in time. I think it is reasonable to see the matter as the company's hypotheses about the slurry pipeline based on international standards. The study will verify these hypotheses at the specific location in sweden.

In Summary: A strategic derisking of the whole projekt having the EU entering the project with financial support.

I guess managements work concerning Kallak is under the heading "slurry pipeline" .

Today's release is important as it shows that Beowulf is meeting the legal requirements that make the company eligible for EU support. It sends a strong signal to the EU support plans for Grafintec in Finland.

Those who thought Beowulf would cancel the payments were given something to think about.

Positive that the tree is shaking in Sthlm in the face of more serious news.

The fact that the EU is involved in financing the solution to the Sami issue is a strategic reduction of risk in the entire project.

The realistic timetable for Beowulf is that the EIA process will take approximately 1.5 years i the Umeå court. With an approved EIA, it will take another 1.5 years to prepare the mine site and its infrastructure.

Getting scientific support for various details in the expansion of the slurry pipe is excellent and fits well into the EIA process as the Environmental Code specifically calls for the company to choose standardized solutions. - Here we are helping to create just such a Nordic standard. Excellent. Remember that this solution removes one of the major stumbling blocks with the reindeer husbandry. The site has no permafrost, the water pipes in the urban area of ​​Jokkmokk are 2.5 m deep.

The logic in the world of grants in Sweden / EU is that "the more the merrier", i.e. those who qualify for the path the authorities want to encourage, should also be given the opportunity to go all the way and succeed. This is where I see the potential: easier permitting and the possibility of new support. Speaking of AI, searches there before this release, show distrust of Beowulf receiving grants due to the reindeer husbandry issue. 🙂 Now the EU is actively participating with a solution to the issue.