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I don't doubt the Swedish and Finnish assets - Vardar is another matter entirely. And I don't doubt the ongoing works being conducted by both teams. However, the fact that a mining giant such as Rio, or a commodities trader such as Glencore haven't bought the company for £1m, £10m, or even a £100m in what would be nothing more than an accounting error to these companies in terms of the outlay, tells me that it's still so high risk as to not be worth their time. That may change in the future...
Soaking private investors is Bowie's only option... And we fall for it every time, though with ever diminishing returns. It wasn't fully subscribed last time, and it won't be this time.
And with regard to failure, it's a distressed asset. I don't want to see it fail, but I won't personally be supporting the fundraise unless it's beneficial to do so - And at first glance, along with previous experience, I don't think it will be. If I want more shares, I'll buy on the open market.
Ibjj and that other insufferable poster are two sides of the same coin - One actively seeks failure, and the other simply doesn't have the intellect to see it.
Your connecting dots Wotsitworth. This process has never worked in a functional or logical manner. BEM, along with other exploration companies have been issued with multiple permits to explore throughout my 14-year involvement with this turd. The two simply don't marry up in their jumbled thought process. In a normal functioning administration, you would be correct. This is anything but.
Oh dear... Silly girl. Why not challenge the company and the decision making of its employees, as opposed to other investors.
I bought as an existing investor, therefore putting my money where my mouth is.
And no, there isn't a compelling reason for people to buy this share... namely, INVESTORS NOT ALREADY INVESTED IN THE COMPANY. There's an obvious need to spell things out to you, with you being so blinded by your emotional tie to this company, that you can't see the woods for the trees.
Chatting utter bubbles as usual.
It's not news per se though, is it? It's not BEM specific and regurgitates what investors already know.
It doesn't in anyway alter the existing timelines. There's no EU wide response, and as always, it falls to the decision making processes of individual member states. .
I was surprised at the content to say the least.
What does the financial picture look like, has the stock fallen significantly?
- Yes, but how much have shares in other companies in the industry gone down? It is not talked about. The stock market is difficult, everything can change from one day to the next.
It is not talked about. The stock market is difficult, everything can change from one day to the next.
How do you view a possible transport solution?
- Here, as I said earlier, we are looking at new technology solutions but also, as before, at the Inlandsbanan. We have a meeting with their board next week, they are still very interested. But in all this we are also talking about ports. Narvik runs an empty road, it is not sustainable.
What happens if the court gives the Sami villages justice?
- I will not comment on that. That wouldn't be right. We simply have to wait for the result.
Test drilling and measurement of groundwater as well as geological surveys have been completed and are continuing. An archaeological survey has also been carried out in the area. Here the company is waiting for results. However, the summary of the environmental impact statement has been postponed until the latter part of next year.
- The timetable that was laid out was not realistic, it was obvious early on.
Are you optimistic?
- Yes absolutely, with all due respect to everyone involved.
Interview with Röstin... Courtesy of a poster on FB.
https://kuriren.nu/nyheter/jokkmokk/artikel/ny-pa-posten-tror-pa-kallak-ska-ha-en-tydlig-hallbarhetsprofil/r4v8mn9r?fbclid=IwAR0JNIe_ESXwdWuNwnDjZnlNsKB_E77DN92bgNTFSb4YxbZIJdufu7CzhYU
Johan Röstin has a clear vision of the future for the development of the mining project in Kallak. Despite court proceedings and an empty CEO seat at Jokkmokk Iron mines. "We must achieve total, measurable, sustainability," he says.
Jokkmokk 24 October 2023 19:30
Johan Röstin took office as the new chairman of the board for Beowulf Mining in November 2022. He succeeded Sven-Otto Littorin, who held the position for two years. Johan Röstin has broad experience in infrastructure, logistics, capital investments and permit processes and has, among other things, been CEO of the ferry operator Forsea and of Copenhagen Malmö Port AB.
Why the mining sector?
- I have always liked basic industry and industries and worked on such projects. I have no direct experience with mines, but that excellence is found in the board, not least in Ed Bowie (who succeeded Curt Budge in Beowulf's board, editor's note), notes Johan Röstin, who we meet in the brand new office premises after Porjusvägen in central Jokkmokk. Here it has been built for almost a whole year.
- It's nice that the office is finally finished. It is important for us to strengthen the local presence. We want everyone to be able to come in if they have questions or anything else related to our operations in Kallak. Being close to the residents of the municipality is essential for us in our continued path forward. We must be a modern company with a clear sustainability profile.
Former CEO of Jokkmokk Iron, Ulla Sandborg, hastily chose to leave some time ago and with her also disappeared that number of consultants. No new CEO has been appointed, instead Johan Röstin will step in as operational chairman of the board. The company is looking for a project manager for Kallak, a person with roots in the north. It is pronounced.
- Ulla chose to leave, the consultants as well, which caused us to lose some momentum. But I enjoy this role and now we move on. As I said, the competence of mining operations is with us. In addition, we can use the very latest technology, and here the development is fast. These days I have been in contact with a company that is interesting with a technology solution that turns previous concepts upside down. Outside all the boxes.
How do you see the future?
- We must do everything to work sustainably and in collaboration with the local business community and, not least, with the Sami. It is our only way forward, to solve a sustainable mining operation with the least possible environmental impact. We have 2.7 million tonnes to sell. It can be counted on. Another advantage.
What does the financial picture look like, has the stock fallen significantly?
- Yes, but how much have sha
Still waiting johnthegolf... Of the handful of posters on here, who are the dark forces driving the SP down?
Or maybe, of those few posters, a couple actually post factual stuff? And maybe, just maybe, questionable decisions made by managemen past and present are responsible for the dire SP?
Just a thought.l