Member Info for lbjj

So Kurt has written an article which states the bleeding obvious. Woo hoo!
Because the article is penned by him, it carries little weight. He has been ignored throughout his tenure.
Now, had that been penned by a heavyweight on the international mining stage, or a major miner who categorically states that the treatment of BEM has changed their mind about making major investment in Sweden, then the Swedish bureaucrats might begin to squirm uncomfortably.
KB has become a blow hard with no influence. A lone voice, whose message is no more than whingeing to the swedes.
I would say £250k on a legal challenge would have been a better use of the laughable Kosovo punt.

How long have I got? You obviously have the inside track... Then again you have believed for over 3 years that the concession is just around the corner. Sadly you have been consistently wrong, but none the less your excitement levels have been off the scale. Sad.

So why didn't Damberg make the decision between march and september 2018?

Utter rubbish. By any measure of success or progress, he has failed. There hasn"t been any dialogue which has made a jot of difference. Kallak application is no nearer a decision than when Kurt took over.

Without the exploitation license, BEM is worth peanuts. Simples.

Where the hell is Kurt. I have to say hus performance over the past year has been shicking. As CEO, his position dictates he must drive this process and improve shateholder value. He has done neither. Instead he has publicly declared he will wait and see. Well he will wait a very long time. 9 months since the most recent of umpteen requests for info was concluded. He has not appied any pressure on the swedes to agree a timescale. Finland has stalled badly Anybody know what the timescale is there. And Kosovo is a bad joke. No government shows the swedes true colours but had a government beeb formed 4 months ago I dont belueve it would have made a difference. Time for action Kurt or you will grow old waiting like investors have. Not good enough.

So shareholders choose not to petition Kurt and Kurt won't push the swedes. Expect to grow old waiting then. Off back to Italy for Christmas and new year. Yuletide felicitations to all. Thinking of Mick OC. Hope you are on a better path now, Mick.

....update.
Deduct £250k for Kosovo plus there will be a transaction broker fee plus ongoing contributions from Bem for on the ground work.
Bem monthly running costs are approx £50k, so another £100k and counting.
I reckon cash in bank today stands at approx £1.5m

Yes, the swedes are so blinkered and fearful, they will accommodate the small, dwindling band of green MPs and ignore a party wh8ch achieved 18% of the vote and is a strong and growing movement.
Politics for politicians and not the electorate.

It is more than a week since anyone purchased bem shares. Why is Kurt doing nothing about kallak?

So, if you believe LKAB would have been treated differently, what is the law for?
The law exists to provide a level playing field, which should prevent unequal treatment of applicants. I therefore repeat what I have been saying for a long time:
Making no decision keeps the law at arm’s length.
Kurt simply has to up his game to make sure the law is applied and the license granted. Otherwise, this conversation will outlive both you and me.
ATB.

It is a fair question, but I don’t believe the answer is yet a straight yes or no.
Kurt is a miner by trade. He enjoys digging holes and creating a revenue stream. Year after year as CEO of a company which fails to step beyond the exploration stage must be frustrating, to say the least.
However, as CEO, his job is to drive the company forward and make a difference. He has not yet done so, and, increasingly, I believe that is his choice to sit and wait. He has said so in as many words.
That has been proved not to work. It plays into the Swedes’s hands of wringing the resolve out of the company in order for it to become a state asset, via LKAB ownership probably.
In short, too passive. As time passes, and goodness knows far too much has passed already, he should be moving through the gears to apply pressure. Who else is responsible for this course of action. Certainly the SAB, who, since their appointment 3 or more years ago, have been invisible. Kurt appointed them. He should be applying pressure to them too.
The election is a red herring and a feeble excuse which posters on here are clinging to as a reason for the current impasse.
It goes much deeper. Does anyone seriously believe government business has been zero in the past 3 months?
The decision to invest precious cash in Kosovo is, in my view, a shocking decision, unless Kurt has been told a decision is imminent, and even then I would not choose to invest in Kosovo specifically.
Let me ask you a simple yes or no question.
If LKAB owned the exploration licenses at Kallak, do you believe they would have been treated the same as BEM.
There lies the crux of the matter.
If the CEO of the company won’t force the pace, no-one will.

If those of you still invested are bothered any more or there are more than a handful of active investors left, I would suggest you get together and petition Kurt for some real hard information as to what is happening with the application.
Repeated indignation does not register with the swedes. They need a reason to take notice.

More of the same. How about info on what the swedes are actually doing with the application? If there is no action just say so. It's just whingeing. Nobody who could move this forward is even listening any more. Unless you are going legal just tell it how it is.

Loof, Lofven, A.N. Other.....
Makes no difference. They are all Swedish, with the same DNA.
It is now 9 months since the last request for info from all parties, which told them nothing they didn’t already know.
Has Kurt pushed the swedes on an update on what they have done with the responses?
Who knows.
It would be my guess the responses have not been worked on for a single minute. The prevailing silence is down to two things.
The election, and it’s unseemly scramble for power and individual careers
The swedes have run out of ways of pretending to engage with the application process.
Meanwhile Kurt advocates “wait and see” and squandering a huge chunk of the company’s cash reserves in a minority stake in a hugely unstable fledgling country, rife with corruption, which is many years from production.
If this was the first time you had heard of BEM as a potential investment, you would run a mile.

Suzy.
Good faith = wishful thinking.

Wishful thinking, Suzy. Now by your own admission.

You are wasting your time trying to convince Suzy.
Facts, evidence and history mean nothing to her.
It’s all too exciting for words...

A strategy details a plan of action.
In order to be inactive, a strategy is not required.
The swedes are masters of waffle and putting the onus on others.

So what is exciting then?