Member Info for Pocko

Aug59, We currently have an SP of 0.05p, a M/Cap of £26m and 100% of nothing... which is precisely what BEM will be worth without the exploitation licence, which does not look as though it will materialise anytime soon; Although we all believe that it should.
Kallak was discovered in the 1950's, and was no great secret prior to BEM buying the exploration permit. Therefore, should LKAB have wanted the option to explore and develop at the time, then I'm fairly certain that they would have been at the front of the line. But what BEM have done, is invest considerable money into proving that an economically viable resource exists, which might now make it more attractive to established mining companies.
As it stands at the moment, BEM could be purchased for a song, due to the very weak SP (www.thetakeoverpanel.org.uk - Assuming 30% would be achieved by the interested party). A premium? 0.06p, although unpalatable to most including me, would be considered a 'premium', would it not? Likewise, although I'm not suggesting this to be the case, but KB would not be the first CEO to sell investors down the river in pursuit of a wider agenda. BAOBAB Resources anyone?

At the very least CSP drove the SP upwards. What we’d give for those heady days... I do wonder if KB is stretching us too thin? Finland, Kosovo or any other project will be no quicker, and a drain on resources. £250k comes from cash reserves, which as far as I’m concerned, should be used to keep BEO afloat for the forseable.

iPhone!!! Flies

Hard to believe that CSP was talking about the mine actually being in operation in 2018. That was back in 2011... how time flys.

Soon be the 6th Candle Eric, never mind Christmas...

Good RNS... but it’s still all about Kallak whether we like it or not. Projects like this are still 3-4 years away at best, regardless of how ‘mining friendly’ governments might appear. KB should be keeping our powder dry, and £250k is a lot to a junior explorer...

And the vote is on the 10th December for what it’s worth...

... is a mine of misleading information. For clarification: The Mayor of Jokkmokk Robert Bernhardsson is not resigning or leaving his post. Only if he gets voted out... he will not be leaving voluntarily. Good news, albeit he could have come out fighting years ago. Hence the article below...

Little late in the day for being ‘angry’ mind you... "– Jag är en politiker som jobbar för tillväxt och framtidsfrågor och när vi har en samlad opposition som aktivt motverkar möjligheten till fler jobb i kommunen så blir jag inte bara besviken, jag blir lite upprörd och arg. Det här leder förmodligen till att Jokkmokk tappar fart som kommun." https://www.svt.se/nyheter/lokalt/norrbotten/kommunalradet-kan-rostas-bort-jag-ar-besviken-upprord-och-arg

Or in our case, next year!

Jam tomorrow?

Power at all costs... By failing to work with the Sweden Democrats, they have created an unworkable situation. Politicians forgetting that they work for the electorate. Just get on with it.

Kaliff requirements after lkab's information Luleå / Kiruna Luleås Councillor Niklas Nordström sees two heavy political missions after lkab's information on kirunagruvan. Jonny Vikström16:31 | 2018-10-26 The first is to ensure a favourable development for the mining industry. - we need to have an exercise of authority that allows for lkab and other companies to start new mines. Now we have to get the national level of regulatory framework that does not slow down the development, says nordström. The second is the importance of intensifying the work of broadening the labour market, both in luleå and in the whole of norrbotten. - it is important that we find cooperation with the new Luxembourg, us in the municipalities, University and business. We need more legs to stand on. I hope these thoughts of pulling down on regional development are completely dead now, say nordström. Do you think the climate change in luleå is affected by this message? - not in the short term. But a lower investeringstakt of lkab makes us more vulnerable. I don't think there's any part of norrbotten that's independent of the lkab. That is why it is so important that we have national support, say nordström. Centerns MP Linda Ylivainio is on the same track. - the situation in question illustrates the complex, unpredictable and activities that mineral is and the close symbiosis with live and attractive societies it coexist with. Today's information also illustrates why the industry is extremely dependent on predictable, long-term sustainable rules of play and political borgfred in forward. If the lkab and the whole industry have a future in Sweden, the deadlock in the granting will be urgently broken, says ylivainio.

It’s completely tedious...

And a ‘political’ No, would have no basis in law...

Some good points today. Still boils down to a yes or no. If it’s no, then I believe that the nuclear option of legal action will be taken. Maybe we are all barking up the wrong tree though?

2019 Eric? 6th Candle beckoning? Surely not... It’s become a bad comedy...

He’s been as much use as a chocolate fire-guard in any case... makes little difference. It’s with the government and thanks to local politicians and their ineptitude in the first place, it now goes well beyond their remit.

It would be quite unbelievable if this were to go into 2019 still awaiting a decision. Christmas will soon be upon us, and they can’t be expected to work at Christmas!

A new election would likely deliver a similar result. They just need to put party politics aside and come to an agreement. The issue is, they can hardly ignore the SD because they will have a large say on parliamentary matters whether in government or not. Their votes will always be needed...