Member Info for lbjj

Welcome back. The SP has not quite reached the �2.40 mark yet! Have you any revised detailed calculations for us to absorb now?

An incisive, eloquent, and yes, sobering summary. In my humble opinion, all this �negotiation� is unnecessary. On the 24 June 2016, all that was necessary was a brief message from number 10 to the EU saying we are leaving in March 2019. We�ll pay our subs until then, and then they will stop, so you�d better use the time to plan for a 17% hole in your budget. Of course, we will still wish to buy and sell from each other. If you want a sensible arrangement, we�ll let you know precisely what will be acceptable to us. Until then, here is the bill for the squandered contributions the U.K. has been making these past 40 years for the EU to distribute to uncompetitive industries, largely in France, Spain, Italy and the recently joined net benefactors. By the way, we also own a share in the �1bn plus EU property portfolio, built / purchased wholly by U.K., French and German money. We�ll have that back too. I could go on. Some wags have pondered on Trump�s approach to dealing with Brexit as our PM. We would not be getting shafted by our own incompetence and grovelling approach, which has promised wedges of taxpayer�s money with nothing in return. I can only hope our civil servants will save the day.

mentioning Brexit, the EU and our self serving government a couple of days ago, a good few interesting posts with anecdotal evidence of the corruption and avarice at work in Brussels and Strasbourg. Suzy continues to seek refuge in literature and the ideals of inclusivity. As a younger man, I would have been shoulder to shoulder with you, Suzy, as, in an ideal world, civilisation advances through culture and the development of the arts. Sadly, I have come to realise that money, power and greed run his world, and, civilisation is the casualty. In my opinion civilisation is currently in regression. Suzy, I will be spending time at the Aldeburgh festival from next Saturday. At least I can pretend the 21st century hasn�t happened for a few delicious days. ATB.

Knowing when to quit and find alternatives is a positive concept. Not an admission of defeat.

Oh dear... The lack of vision from our incompetent in-fighting Tory go=ernment, and tsunami of misinformation from both sides makes you want to scuttle back to the �safety� of the pre-referendum status. Psychologically understandable, but fundamentally flawed. The country voted. Politicians ( should ) exist to fulfil that vote. They are failing. That is the calumny and deceit paraded every single day. The EEC was a worthwhile stab at inclusivity and Co-operation, which I supported. The EU, however, in my view, is a vile Orwellian corruption of the original conception. Again, in my view, it is on it�s last legs. Should one more country choose to leave - Italy, Greece, whoever, it�s game over. The whole ghastly bureaucratic edifice will topple.

No government ever feels an obligation to justify or apologise. Our own government are 2 years, yes 2 years into brexit and continue to make no progress towards fulfilling the democratic referendum result. They literally have no idea what they are doing. Political will is lacking. Same in Sweden re Kallak.

30 June 2016 - ha ha ha. Well those discussions really moved things forward, didn�t they? By the time the dust has settled after the election, it�ll be Christmas hols. Nowt will happen before 2019 now. My guess at the decision date was 25 October 2018. How ridiculously unrealistic was that? Anyone who has read Gibbon�s decline of the Roman Empire will recognise patterns of political behaviour shared by the Swedes. Such as talking about the failure of processes as though they are separate from politics. In reality the processes are paralysed by the politicians, who, as a breed, exist in their own bubble, telling each other they are not to blame. Such hubris has brought down regimes throughout history. Most recently the arrogance and hubris of our current PM drove her to call a snap election, despite repeatedly denying she ever would, and in the crazy belief of a landslide victory. The result of her arrogance was the destruction of her majority and cost you and me �1.5bn to buy the votes of the DUP. Money, just days before May denied the existence of. Remember the magic money tree? Well it�s thriving in the back garden of No 10 to be used, illegally in my view, for entirely political purposes. That�s what politicians the world over do for a living. And all we do is strut down the street with our Costas, head buried in our phones, on Facebook or watching last night�s episode of Love Island. We deserve to get shafted. All in my opinion, of course.

" Mikael Damberg agrees that it is in a hurry " Oh please. You couldn't hurry unless you were strapped to a cruise missile, mate....

...have, and always will be a deciding factor here, despite ministers repeatedly stating the application will be judged by the law only. Lies, lies, lies. If the law had been applied, Kurt would be within sight of achieving his stated goal of declaring a dividend by now. All this talk of the shortfalls within the permitting process is ludicrous. Who needs a long winded report to know that. 61 months and the government are absent from their own process.

...and the government will hide behind this court case to excuse further delays. The case may not receive it�s first hearing until 2019.

Insufficient appetite for shares at 0.7 SEK, so buy price dropped again. Looks expensive here now...

Yes I do, Suzy. Just as much as you believe in a yes decision just around the corner. I would remind you of our wager exactly 12 months ago. You wagered a decision by 31/05/17. I wagered against. 12 months on, no progress and, if anything less chance of a decision anytime soon. You must believe what suits you. When Kurt performs a volte face at the AGM, you might change your mind...

There appears to be a dichotomy between pro existing state owned mining and pro would be foreign miners. At some point, albeit grudgingly, you will have to accept that my assertion that the swedes will not make a decision, is correct. The fact that I have been saying it for years proves my point, doesn�t it?

No chance, unless there is a surprise / shock yes decision from the Swedes. Look at the SP graph for the past 3 months - relentlessly and significantly down. Now that there is an acceptance that post election is the next expectation, there is no reason for a rise. With the dilution, quite the reverse.

The law applies only to the decision itself. By not making a decision, they are also avoiding the obligation to abide by their law. Simples. The political makeup of the government after the election will not change that, imo. This fear and inertia is in the swede's dna.

Looking at the 3 month SP graph must surely galvanise KB into announcing a plan B at the AGM. The Swedes are not going to make any decisions which will reverse BEM�s fortunes. In Kurt we trust. The AGM has, in my mind, assumed a pivotal significance. Unless we get a positive decision in the next 6 weeks......... .........taxi for lbjj.

That would be ideal, wouldn�t it? Unrealistic, though. The government have never made a direct statement in over 5 years. Kurt clearly has no expectation of a decision on Kallak this side of the election, which, in practice, probably means 1st quarter 2019 earliest. My advice, if you are invested, or considering investing, is to forget Kallak and trust that Kurt has done the same, and is putting plan b into action, to be announced at the AGM

Ouch! Hope you didn�t make the decision cos you were in a strop? Don�t blame you though. The money I took out of here has been put to good use. It would have lost significant value had I kept the faith. Good luck.

The dilution has not yet been factored into the SP. The perception of a bargain on the AIM today ( 15-20% discount against Aktie ) has artificially buoyed trading. Add to this the potential of several months without a decision on Kallak, and you may be looking at an SP half what it is today by the end of the year. Don�t forget, the SP was under 2p for a very long time during the early stages of waiting for the same decision still awaited today, before the two most recent dilutions. My faith in Kurt has never wavered, but, right now, he can only realise the potential of BEM by relying exclusively on the Swedish bureaucrats allowing him to do so. We are long past the point of ever believing they will. The only course of action is to seek new projects ( with partners ) outside the Swedish jurisdictions, thus clearing the log jam to shareholder value. This represents a sea change, without which, dilution and placements at ever reducing prices will be the order of the day - bad business. Kurt is clever enough and sufficiently well connected to change tack. The AGM needs to see a very significant rabbit pulled from a hat, otherwise BEM will return to the sub 2p doldrums. He must demonstrate that he is better than the swedes and send a clear message to these incompetents which says keep playing dirty. The world can see you and we will make money elsewhere whilst you destroy your heritage.

Just get the feeling this might be the beginnings of a withdrawal from the fixation on Kallak. The mergers and acquisitions comment plus the early placing makes the company lighter on it�s feet. KB May have notionally written off Kallak until further notice and decided to accelerate the spreading of risk into fresh projects. I would still ask the question about the effect of the SAB. Their friends in high places in Sweden have been of no help. I would also like to see the Swedes rubbished at the Stockholm AGM and at the same time make an announcement of more strategic partnerships and projects, effectively removing any reliance on Kallak. As long as the company is solvent, it holds the exploration license. Shareholder value may be realised sooner and elsewhere. Kallak then becomes a bonus.