Member Info for Hastyretreat

The same letter writing wrong thing strategy.

Which is a bad thing.

Well Suzy it is clear that the same wrong thing has got us nowhere for nearly seven years.

We'll probably hear from Kurt getting his funding cap out before any news on Kallak. 5 years of dithering and, judging on the options RNS, putting his interests first.

The greens would disagree with you Suzy and because they don't like it they have taken the ball home so nobody can play!

Come on Kurt get yourself down to Decathlon and buy a ball so we can finish the game!

So in 6 years Kurt has not delivered an increase on the SP, a decision on Kallak or managed to excised his share options. Why should he get a second bite with his options with his long list of success? In my opinion he shouldn't. At least the latest RNS will hopefully delay the need for Kurt to get his cap out and dilute shareholder value further!

I completely agree.
Can i buy a lottery ticket after I know the result numbers? No!

The MM's must have nearly run out with that last one Subtle ;-)

https://www.dt.se/artikel/debatt-regeringens-politik-ar-ett-han-mot-svensk-gruvindustri
The mining industry speaks of a lost year in the wake of the corona crisis. As a result of major problems for the Swedish mining industry, companies that have exploration permits, which are the first step in a mining establishment, risk losing their permits if they expire before the work is completed.
As a consequence of this, the government has proposed that some permits should be extended by one year, but not all, but only those who are in last year. It's the wrong way to go.
The corona crisis has hit hard on all companies in the mining industry. Therefore, all valid examination permits must be extended. Exploration companies, which are often in great need of investment to fulfill their business, have been hit hard by the deteriorating investment climate. Both in Dalarna, with up to 100 valid exploration permits, and throughout the country.
This week, therefore, the Moderates gathered a majority in the Riksdag and gave the government a backlash on the issue of mining. Now the government must come back with a new proposal that extends all, not just a few, valid investigative permits.
Creating good conditions for our mines is crucial to Sweden's continued competitiveness - not least in times of economic crisis. The mining industry has unique opportunities to be an engine in the Swedish economy but also in the climate change through the production of batteries, among other things. This chance is thus sliding Sweden out of its hands.
The permit process for establishing new mines in Sweden is absurd. An example is the Kallak project, which has been waiting for decisions for 14 years. Laver is another mining project that has had to wait an unreasonably long time, several years, for a decision.
At the same time, Sweden's Business Minister Ibrahim Baylan (S) refuses to set up the investigation that he promised six months ago - eye to eye with the entire mining industry - to run to review the permit processes. We have not yet seen the smoke of any directives for investigation.

The whole thing is a mockery to the entire Swedish mining industry and it is on the verge of being unworthy of a minister who usually speaks warmly about reduced bureaucracy and shorter lead times in the mining industry.
The government must now show that they understand that the mining industry plays a crucial role for Swedish industry, jobs and growth.
The Moderates will continue to work hard to give the Swedish mining industry the conditions it deserves. We assume that the government takes this issue as seriously as we moderate and improves the conditions for the mining industry - in Dalarna and throughout Sweden.

Interesting article - thanks Andy.
Perhaps it is a sign of things to come.

Than missing from my last post

More likely that my reasoning. Nice buy!

The wulf following the sun into cancer on its spectacular rise to £2.50 ;-0 ?

Unless...you can foretell a rising of the wolf as the sun enters cancer and great fortune lies ahead ...aka pounds on the SP ;-) atb

Suzy - I was genuinely surprised as I always had the 21st as the day.

Don't go all Russell Brand on us.

For some bizarre reason it was yesterday Suzy.

https://www.fplus.se/tung-gruvchef-till-attack-mot-regeringen-de-ar-hycklare/a/Vb00v1

This is just another example of how the authorities, and especially the county administrative board, are introducing new requirements for us to live up to and that we do not see the whole but turn a blind eye to Jokkmokk's need for investments and jobs, Kurt Budge continues.

At the same time, Northern Sweden is screaming for investments and jobs. In the fall of 2019, several Nordic municipal councils from municipalities in which various mining companies want to develop operations open letter to the Social Democratic Government. The letter was published in Dagens Industri and criticized the lengthy and impossible state processes and demanded action. "The powerlessness we feel when the government does not take the job issue seriously and we at the same time reduce the population is great," the municipal council wrote.

And now it's quiet. Since the County Administrative Board in Norrbotten three years ago recommended the government not to give Beowulf Mining permission, the government has not heard from.

When fPlus asks Business Minister Ibrahim Baylan for a comment, he declines

predictability. Nothing could be more wrong, he says.

- I can give you an example. Just a few weeks ago, Ibrahim Baylan was present at a major mining conference in Canada where he encouraged investors to come to Sweden. How can he do that when laws are not followed, no processing permits are given and when we who want to invest time and time again get proof that it is policy that determines, not legality. It's hypocrisy.

The situation that Beowulf Mining and many other mining and mineral companies are in is illustrated by the fact that Sweden is rapidly losing international reputation. Between 2016 and 2018, Sweden fell from place 8 to 21 in the Canadian think tank Fraser Institute's annual ranking, which measures how investment-friendly mining nations are.

Another example that shows the catastrophic situation the mining industry is in is that not a single so-called "green-field" mine (a mine in an area where there is no existing mine) was opened in Sweden in the last 12 years.

- In practice, it is almost impossible for a mining company to move forward nowadays. First, it must be licensed for processing concession, which only gives companies the right to exploit minerals. Thereafter, an environmental permit is required, confirms Maria Sunér Fleming, CEO of the trade organization Svemin to fPlus.

A mining nation in free fall
It is also the experience and feeling that Kurt Budge has. That Sweden is a mining nation in free fall. He says that the situation was different in 2015, when the County Administrative Board in Norrbotten considered that a mine in the Kallak area would mean an economic boost for the region. That after first recommending a no.

And at that time, the heavy mining and mineral authority also recommended the government to give Beowulf Mining a permit. Kurt Budge was hopeful.

But at the end of 2017, the County Administrative Board in Norrbotten changed its foot again. After consultation with the Swedish Environmental Protection Agency and the National Antiquities Office, the government recommended that the Sami reindeer industry should have priority in the area as it was classified as a national interest in early 2017.

That recommendation was like turning off the lamp. All of a sudden two national interests were against each other. That for valuable minerals from 2013 and that for the reindeer industry that received its classification in 2017. Thus, the curtain goes down for Beowulf because of a national interest that made entry 11 years after the company completed its first application for a processing license in 2006.

- It is hardly possible to express how disappointed we were. After 11 years of work, heavy investments and potential jobs, the County Administrative Board in Norrbotten now considered that the national interest in reindeer husbandry, which did not exist until 2017, was of greater importance than the national interest in mining.

- This is just another example of how the authorities, and e