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Suzy2,
You’ve got plenty of form as an apologist for these superannuated jobsworths. You defended Baylan and Damberg too, believing their commitment to the process.
It’s as if you revel in the indecision and want it to go on for ever ffs.
So when Thor reads the Sami’s final submission, which will be a combination of waffle and unfounded allegations against all and sundry and how the whole world is against them, he has no context in which to assess the comments without having first sought a thorough and equal briefing from the company.
I don’t understand how anyone can believe this is anything other than cowardly and negligent??
Of course Thir should familiarise himself with Sami culture, practices, reindeer husbandry etc,
but his decision is on a mining license, so to never have met or spoken with the company throughout tells me he is another decision avoider.
If you don’t get both sides to contribute, he may as well do a Baylan and slope off the political scene.
Crazy.
I would hope Budge has been battering on his door since November.
Gambier14,
I would have agreed with you had Baylan still been in position, but, in my view, Thor has already hoisted himself on his own petard by repeatedly espousing the virtues of Swedish mines. It is but a short additional step to put a date on the decision he has already committed to making?
Good morning Eric,
You are absolutely correct. Every time Thor speaks, it is the same mantra that he loves mines, Sweden needs more mines and they will be an integral part of the transformation to a green economy.
After 4 months in post however, he has fallen into the age old pattern of being played and colluding with those who oppose a mine at Kallak and will do anything to stop Thor making the decision.
He needs to silence the Sami by stating he will make a decision on or by a specific date to quell all this uncertainty.
In the absence of tangible progress, this shares volatility and traded volumes are governed exclusively by uncertainty and sentiment.
This has to stop now.
PAYJJ eat al,
I would say today’s activity on the markets both here and in Sweden display a very healthy skepticism for the minister’s words.
What are you going to do / say when March comes and goes without a decision?
Given the swede’s abject performance over the past nine years, the only firm date I am prepared to acknowledge is the day a legally watertight decision is reached and properly communicated to all stakeholders simultaneously ( which would be a first )
Saying March is no different to previous ministers using words like forthcoming and prioritised.
Until it’s happened, nothing is firm at all.
Although ideologically, morally, philosophically and culturally opposed to any and all new mines, you can be sure the Sami will happily climb down from their ‘ moral high ground ‘ to take a cut in the profits generated by the nasty horrible mine when if the decision goes against them.
The Sami are an anachronism in the modern world and should display much more realism if the seriously want to thrive and not be sidelined.
There will be many cashing in now as they probably reasonably believe this to be the peak in the SP before the decision.
Of those cashing in, many have had enough waiting and don’t have the stomach for another few years. Life is passing us all by here.
Most importantly, Thor is now at the point, having announced a March decision?? Where he has presided over and allowed 5 months ( closer to the election ) to slip by.
Personally, as I’ve said before, I’ll judge him on what he does rather than says. Currently, this procession of delays alarms me, given the appalling lies and prevarication of his two predecessors.
Geovanni & Topsharepicks,
Stupid, cheap and irrelevant comments.
I said SP movement between today and 7 Feb. So flying in with cheap jibe after 30 minutes euphoric trading on 12 Jan is ludicrous, isn’t it?
Get back to me on 7 Feb if you need to ffs.
Thor’s words yesterday simply sustain a level of anticipation which, in my opinion, is already priced into the current SP.
I don’t see a great deal of movement between now and 7 Feb. After that, it’s either up or down very quickly. Thor has to make a decision, or look politically very foolish, which no minister ever wants.
What will happen tomorrow - ah, the never ending conundrum.
Well, the very well established pattern dictates the SP will continue to fall away unless Thor legitimises his bluster from a few weeks ago with a decision.
So nothing has changed really.
Budge has to be grafting 24/7 to achieve this.
He has two months.
ADF,
As we've known for years it can't be a 'no' but it continues to not be a 'yes'
The decision was implicitly made years ago, determined by swdish mineral and mining legislation.
The question remains is the minister brave enough to say so for all to see?
The passing of time for no justifiable reason leads me to believe that Thor's answer to 'when will decision on Kallak be communicated' will revert to the default 'the matter is complex and there are competing and conflicting needs which require thorough investigation'
The world and their dogs know that is BS!
Some may remember back in April 2018, when hustings kicked off for the last election, Budge inexplicably stated in an RNS to expect no decision before the election. Like the swedes need a reason for stalling ffs.
I hope Budge doesn't make the same colossal error 4 years on.
It was when he said that in April 2018 that he was a bottler.