rune120 Jan 2021 13:31
I am a former investor here and sold up a number of years ago when it became clear that swedish politicians were ruining this as an investment opportunity.
In the unlikely event of the license being granted, I will be back in with a substantial holding, but for how long would depend on the handcuffs attached to the concession.
Sadly, my view is that, after so long and so much dilution, the eventual rise in the SP will not be to anywhere near previous heights.
Giddy talk of Baylan being under pressure to make a decision are, in my opinion, just investor wishful thinking. Similarly, quoting today's iron ore prices as a source of encouragement is irrelevant. It would be 2026 before a mine were to be in production even if the concession were granted today. Who knows what prices will be then?
I am constantly labelled as negative on here, as I do not conform to the established and relentless faux excitement which is born of delusion and desperation in equal measure, when all the 8 years of evidence tells any sane person that the swedes have no intention of making a decision.
Read my previous posts if you are that bothered about knowing my motivation for posting.
Good luck