Member Info for ipitythefool

I see 1investor beat me to the punch. Hadn't refreshed screen in a while!

In the original decision by the Mining Inspectorate, they considered the area of land to be mined differently to the area adjacent to it that would be required for it to operate. The 'to be mined' area had two claims on it: National Interest Minerals and National Interest Reindeer Herding. National Interest Minerals won. The areas adjacent to the mine that would be required to enable it to operate e.g. tailings facilities were only assigned one claim: National Interest Reindeer Herding. A pretty comical waste of taxpayer's money, as with this interpretation there was never any chance of the mine being realised. The Swedish Government have told the Bergstaten that which any primary school child could've reasoned, to consider the entire area required for the mine to operate as National Interest Mining. Given that in a straight fight between National Interests for the 'to be mined' area last time saw Minerals prevail over Reindeer Herding, I can only see one logical outcome this time. Also, there is a new Head of the Bergstaten this time round and I believe a newly elected person from a different party in government who is pro mining.

What do people make of the two large trades this afternoon. One slightly higher price than the other? A sell and a buy? Some kind of movement of funds between accounts?

News. Appreciate the research. Very small point but 'results' can also be used if there are multiple component parts to the outcome. If I were taking a Piano exam, I would await my 'result' because it's literally a single grade e.g. Pass. An assay is made up of multiple component parts, so 'results' could be used in the context of a single assay. I hope you're right though.

I'm out. I wish all those who remain the best of luck. The ferry business is not core and it's a huge distraction and potential time/cash sink. I managed to avoid the dilution last time in the INFA days but really thought this was the time, but I've not been impressed by JWs strategic decision making. Given finances many of them seem reckless. Finance deal will probably land tomorrow knowing my luck.

Has he been out to Zambia before? Is this a normal trip i.e. did he go to Nevada, Sweden etc?

I note the recent award of a small number of warrants to unnamed staff, presumably support staff. You just wonder why now? Is there a pattern of awarding to support staff? Perhaps this is a cheap and potentially life changing thank you from the board to the support people keeping things running on a day to day basis? The people that fix the coffee in the morning and deal with crappy emails from us lot? I'm in. This is primed. I'm expecting positive copper results in Zambia and then positive Storuman decision. Factor those outcomes into the sp? Maybe those rampers are not as high as they sound.... For once

Is the only reason I've just reentered this share after 5yrs out. The Swedish Government decision in Sept 2023 to make the Mining Inspectorate reexamine its decision with clarifications is massive. They essentially told the Mining Inspectorate 'You got it wrong; you should've classified the location of operating facilities (e.g. sand and clearing magazines) as part of the mine, ergo it is also designated an area of National Interest Minerals'. The 2019 decision already accepted that "the area of the proposed mine workings could coexist with reindeer husbandry" i.e. giving the green light to pursue National Interest Minerals, BUT only for the designated deposit area. The planned adjacent operating facilities (critical for enabling the operation of the mine) were deemed separate and having no National Interest. Therefore, National Interest Reindeer Herding won out over this non-deposit, but essential area, scuppering the whole project. With this clarification, I cannot see any significant obstacle to a positive decision in favour of National Interest Minerals, after all they already said the mine could co-exist with reindeer husbandry with mitigations. Have a look at how much Storuman is worth, then check how much Fluorspar there is in EU and its status within the EU as a critical mineral, and the MoU made with Possehl (29 Nov 2017 07:00) and then take a look at the Market Cap. Buy and hold.

Noticed some chunky buys today on no news. Wondered whether we might be nearing an updated decision on Storuman given it's back with the Mining Authorities after clarification from Government re tailings facilities? If that decision was reversed, this share would absolutely fly. Does anyone have any idea on timescales for that decision?

Right on halfpenny. Why don't they dig how beautiful it is out here? Why don't they say something righteous and hopeful for a change?

ceo and cfo's key objectives from my pov were to hit 2023's conservative revenue forecast after mess last year and secure funding deal. they've done neither, while spending like kids in a sweet shop and chasing every half opportunity they come across like a ****er spaniel. no focus or discipline. if someone had intentionally tried to run out of cash, this past year would be the textbook way to go about it. if they miss forecast again, i'd say get rid asap. harl was small fry when they started. it's a serious business now. you have to acknowledge their contribution (just as the former ceo contributed in wrestling control away from the previous bod/mess), but it looks to be outgrowing them. it would be time to hand over to serious people with financial prudence and a track record of success not to mention a little more gravitas. harl should prevail, unless they manage to sink her before they're out. hoping they hit their targets, but my confidence is gone. who gets to nov 30th and sends out an rns essentially saying "yes, well, revenue targets. what are revenue targets? what does that really mean? let's explore that a little!" nope.

I doff my cap to you

Lottie

Used to contribute on this thread under old user acc when it was INFA (pre shareholder rebellion). Sold out and bought back in again recently. Kids Sipps remained invested throughout and still down somewhat. Looking over RNSs you can see gradual increase and then decrease in position by larger players. I don't have time to do the calculations but based on the last Holding RNSs I wondered if anyone had been counting down the large sells and the rate to work out when they'll roughly be finished?