Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Rumour, genuine or otherwise and events drive the SP. I can't see any of those on the immediate horizon.
The benefits to shareholders, Jokkmokk residents, and yes, even the Sami through their generous subsidies; and the wider regional and national economy are there for all to see.
But without substantive progress, the SP will languish.
For those that believe in such a deity, pray the Supreme Court makes an announcement sooner rather than later.
In Grafintec we must trust.
But that's not to say that things won't start to move quickly if we get an early resolution to the Supreme Court hearing.
My money is still on Grafintec... Because as it stands, no mining is involved, at least initially, and hence no issues with indigenous hypocrisy.
Confused argument... The difference between mining Kallak and realising value for shareholders are currently two very different things.
I've no doubt that Kallak will one day be exploited. But the questions is by whom. BEM can realise value without ever having mined. But to date, for many reasons have failed to do so. Hence the current SP.
Green Steel? Environmentally friendly? H2 Green Steel are in it for the money, hence signing deals in the US and Brazil.
The ore in Kallak will not be mined before 2027 at the absolute earliest, based on our own optimistic work plans.
Those that criticised my posts in Q1 when even at that point, it was clear how the year was starting to pan out, notwithstanding the departures of Budge and Soundbite Sandborgh which couldn't have been foreseen. Really need to take a look in the mirror...
Shareholders need to focus on what can be achieved, and not pie in the sky partnerships and conspiracies.
Will H2 want Kallak ore? Of course... but they won't receive it for years. So their plans are slowly coming together, but ours certainly are not.
But not under the radar for the other projects?
And we were assured that despite any political or legal issues, the Kallak project would be business as usual until legal events ditctated otherwise? That's not the case...
He's not there to hide is he? He's the public face of our company...
Without being too fatalistic about this year, it's now even more difficult to see where any significant news will come from. Meanwhile, the cash burn will continue.
The long waited Supreme Court hearing has now been held, and the outcome is eagerly awaited, more so by the Sami and investors in Beowulf Mining. The Swedish Government has for years demonstrated a Gaelic flair for the shoulder shrug... and an ambivalence to their mining industry.
The outcome could be published at anytime, but experience tells us that it will take an age. The company itself has never really addressed this issue, and is probably correct in not doing so for fear of being seen to interfere in an ongoing legal matter - It is after all, Sami versus the Swedish Government.
Grafintec appears to be ticking along, but with no tangible progress to demonstrate this assertion. Yes, an ongoing lease on land, and a PFS in the pipeline withy no delivery date.
And as for Vardar, were we not supposed to be drilling this summer?
The only success Bowie has demonstrated to date, is an ability to fly under the radar. To say he is anonymous would be an understatement.
'Euphoria'? Steady on Wotsit... a few buys on the board might set the ball rolling for a start. Decent volume in Sweden, but nothing remarkable.
And it could be months before the court announces its conclusions. Which means it's unlikely that any plan will be announced by BEM about it's intentions for Kallak
And unless people get buying, it simply won't 'Budge'!
Not a balanced article at all, but then would you expect it to be? There's been several articles of a similar vein in the last few weeks. Heavy on emotion, but light on facts.
Let's hope the judges do their actual job, and focus on the law and legality of the decision making process.
Let's hope
Desperate measures...
https://www.aftonbladet.se/nyheter/a/0QArWG/gruvstriden-i-kallak-i-domstol-maxida-marak-tarogd-rennaringen-ar-en-livsstil
Joke article.
Potential resolution to the transport issue...
https://www.di.se/nyheter/trafikverket-vill-ta-miljardlan-for-att-losa-jarnmalmsstrid/
I think we'll see more frequent news... Certainly from Grafintec.
Hearing in a few weeks for Kallak - And it's just that, a hearing. The information has presumably been submitted by the interested parties, and reviewed by the Supreme Court. So there could get a quick outcome, or it might be months? Either way, I expect an RNS in respect of Kallak soon after the outcome is made public - Whenever that might be.
Never underestimate the other person's greed.
These people have mortgages and school fees to pay, and ultimately, that influences decision making.
As I've stated many times before, it's easy to spend other people's money. Bowie gets paid regardless.
Walking around in your kaftan, humming to yourself and generating positive energy doesn't quite cut it I'm afraid.
The thing is sj74, the closing statement is just a cut and paste...
"The focus of the Beowulf Board and management over the coming months is to advance each project and begin to realise their underlying value. I would like to thank the Company's shareholders for their ongoing support and look forward to providing updates to the market in due course."
It's just words...
Where to begin… I'll start with these little pearls.
"Much of the Company's exploration costs are in Swedish Krona which has weakened against the GB Pound Sterling since 31 December 2022."
£140k currency loss? Wasn't most of the last fundraise in Krona?
"Professional fees increased primarily due to non-recurring advisor fees in relation to the directorship changes within the period. Directors and staff costs increased primarily due to recognition of Mr. Budge's gross settlement amount and additional consultancy incurred."
Consultancy fees for Budge?
Was he not handsomely rewarded upon his sudden departure?
"The consolidated loss before tax for H1 2023 increased to £1,799,616 (H1 2022: £683,607). This increase is primarily due to share-based payment expenses of £238,843 (H1 2022: £Nil), professional fees of £405,196 (H1 2022: £139,469), directors and staff costs of £424,875 (H1 2022: £168,361), and a foreign currency loss of £199,393 (H1 2022: £28,989), combined with finance costs in relation to the bridging loan of £195,304 (H1 2022: £Nil), which was fully repaid in the period."
£1.8m spent on staff costs in 6-months?
And is it a currency loss of £140k or £199k?
This is driving the company to the wall.. not comments on this bulletin board.
And a further fundraise within 6-months is on the cards, even with a reduced cash burn, after some one-off costs in H1.
Does the net cash include that held by Vardar?
And have work streams ceased or not? The contradictions are staggering.
I've not spent the last couple of years posting how great things are though. The boss? Hilarious...
Post something worthwhile, or don't bother.
I think you've been on the gin... Back on the naughty step for you.