Member Info for Pocko

Be nice to get a reply from Aug59 though...

Now that wasn’t so hard was it? Lol!

I’d love to know what you’d do Aug59? You don’t half talk in riddles.

KB has stated that the KU report is independent of the work on the Kallak application, including any delay to the report, and any required response by the government. Whilst the two are clearly intertwined, to the best of his knowledge, the work by the government on our dossier continues unaffected and unabated That comes from KB himself...

Exactly Suzy2...

I for one appreciate your honesty... But perhaps you need to cool the jets of your countrymen over in Sweden... 10m shares traded v 500k here suggests they are the ones that need the facts?

The RNS was the correct thing to do and offered clarity. It’s not a boom and bust company, and to create investor confidence, the company needs a stable share price.

The suggestion that some posters only ever appear to deliver negative news must sting a little?

You always seem a little over zealous in your delivery for someone allegedly invested?

But it is moving... And there will be people on that committee with an axe to grind against the government. There’s always a silver lining...

And yes TheFarEnd, someone usual appears to dampen the fire. Some posters relish delivering what they perceive to be bad news.

It’s been a rise based on positive sentiment, and perhaps an unfounded expectation that something will be announced next week. Knowledgable investors knew this wasn’t the case. But, the very fact that it is now being discussed is a real positive in my opinion.

And yes, it’s already delayed, and yes, it’s likely to report back in January, and of course, the government is likely to take time to respond. Delaying tactics? Of course. But it’s being reviewed, and that can only be a good thing.

If BEM don’t get the outcome that is just, fair and lawful, then we are likely to see Budge press that nuclear button.

Will there be volatility on Monday? Absolutely. Short term thinking by Swedish investors is likely to take hold in Sweden unfortunately. It always does...

But today demonstrates once again just how quickly this moves. The reality is that there is less than 200m shares in circulation on AIM which is low. Hold your nerve and hold your shares.

From the official FB page...

#China’s demand for #ironore remains resilient, as data from leading information and insight provider Refinitiv indicates with seaborne imports of 96.1 million tonnes in September.

As of August 2020, #Chinese customs data showed imports of 759.91 million tonnes of #iron ore, which is up 11% on the same period in 2019.

The surge in iron ore imports has come as China’s #steel production accelerates, with 94.85 million tonnes in August setting a record high.

China has made a strong COVID-19 recovery demonstrated by the manufacturing Purchasing Managers’ Index that rose to 51.5 points in September from 51.0 in August, well above the 50-mark that separates expansion from contraction.

In August, J.P. Morgan suggested iron ore prices could remain strong over the next 5-7 years and Beowulf Mining plc's #Kallak project, with its high-grade (71.5% Fe) and premium price commanding concentrate, is well positioned amongst potential future global suppliers.

#Beowulf is focused on developing a fossil-free, modern and sustainable #mining operation at Kallak, leveraging #Sweden’s access to #renewable power and ‘cutting edge’ innovation.

#BEM #BeowulfMining #mining #mine #metals #metal #exploration #mines #explortionmining #miningexploration #miningnews #juniormining #commodities #geology #geologist #investing #stocks #investment #renewableenergies #renewables #cleanenergy #LSE #AIM

They haven’t applied the mineral strategy developed in 2012... It hardly needs updating as suggested at the end of the article. Still, anything that avoids taking the difficult decisions.

On the safe assumption that Kurt Budge knows more than we do, and heaven help us if he doesn’t. He has played the long, albeit frustrating game. He has been diplomatic and professional. But at what point is enough? This could easily been kicked into the long grass, given that there will be another election in 2022. There appears to be mounting pressure, but will it tell? What can be done to force the governments hand?

It’s hard to believe that the election was in September 2018. Granted they didn’t form a government until until January, but even so...

True, but not withstanding the fact on the 15th February 2021, the loan must be paid back in full, otherwise equity will be issued as SDR’s on the Swedish market, discounted to the current market value. So it’s safe to assume, that unless something quite remarkable happens before that date, then some minor dilution will occur again. In truth, it’s the only way a company like this can raise funds. I think the real issue that investors have, is that funds have been repeatedly raised at relatively low rates due to events out of the companies control...

Appears to be... but until we receive that RNS, I don’t believe a thing.

Translated...

Jokkmokk's municipal councilor Robert Bernhardsson continues to work actively for a mine in Kallak. "It's part of my mission," he says.

JOKKMOKK 1 OCTOBER 2020 05:00
The question of whether or not Kallakgruvan's goods are raised by Robert Bernhardsson (S) due to the strained economic situation in which the municipality of Jokkmokk finds itself. He believes that it could have looked different.

- I can not help but think about what alternative situation we would have been in the current municipality's planning if a mining permit had been granted for Kallak 2016/17. Then the business would have started next year and been in full operation in 2022. The idea of ??how everything could have looked is a thought I can not completely let go. But now it did not happen, which means that we have it much tougher.

Robert Bernhardsson talks about 500 jobs in the start-up phase and about 250 when production is underway. He also wants to see a longer time perspective, between 25 and 30 years, than what has been mentioned by, among others, the County Administrative Board. 14 years has been a key figure here, something that Bernhardsson sees as an over-interpretation. Even as a mistake.

- It feels like a deliberate over-interpretation, which is unfortunate. It is not correct to square a figure based on the initial survey of the value and content of the deposit. That value has been reached after 14 years, but then exploration continues. Aitik, for example, was eight years old, and that mine is still alive.

How sure can you be of this?

- It is not unique, it is a normal, commercial action in the industry. No new mine opened has been completed after the figure from the first assessment.

Is Kallak the only way Jokkmokk can go?

- No, but our future path must not exclude certain industries or industries that want to invest and thus strengthen welfare, they must interest us. I defend myself against the description of one or the other. I am convinced that we can have a strong hospitality industry, industrial establishment and a powerful reindeer husbandry. But we have to talk to each other, Bernhardsson states and continues:

- The hospitality industry will grow and generate jobs. My assessment is a growth of five to six times. That would mean that it takes up larger areas is what Kallak would do. But it does not have to be the opposite.

A deserted Jokkmokk in 65 years?

- I've never put it that way. But we are becoming fewer and today more people die than are born. That curve flattens out in seven years. But we need a larger tax base, therefore jobs are needed and I have the task of working for this.

Q&A with the Mayor... Sliding doors...

Jokkmokks kommunalråd Robert Bernhardsson jobbar fortsatt aktivt för en gruva i Kallak. "Det är en del i mitt uppdrag", säger han.

JOKKMOKK 1 OKTOBER 2020 05:00
Frågan om Kallakgruvans vara eller icke vara aktualiseras av Robert Bernhardsson (S) med anledning av det ansträngda ekonomiska läge som Jokkmokks kommun befinner sig i. Han menar att det hade kunnat sett annorlunda ut.

– Jag kan inte låta bli att fundera på vilket alternativt läge vi hade varit i gällande kommunens planering om det hade beviljats brytningstillstånd för Kallak 2016/17. Då hade verksamheten startat igång nästa år och varit i full drift 2022. Tanken på hur allt hade kunnat se ut är en tanke jag inte helt kan släppa. Men nu blev det inte så vilket innebär att vi har det betydligt tuffare.

Robert Bernhardsson pratar om 500 arbetstillfällen i uppstartsskedet och cirka 250 när produktionen är igång. Han vill även se ett längre tidsperspektiv, mellan 25 och 30 år, än vad som nämnts av, bland andra, Länsstyrelsen. Här har 14 år varit ett ledtal, något som Bernhardsson ser som en övertolkning. Till och med som en felaktighet.

– Det känns som en medveten övertolkning vilket är olyckligt. Det är inte korrekt att torgföra en siffra som baseras på den initiala undersökningen av fyndighetens värde och innehåll. Det värdet är uppnått efter 14 år men då fortsätter prospektering. Aitik, exempelvis, hade åtta år, och den gruvan lever än.

Hur säkra kan man var på detta?

– Det är inget unikt, det är ett normalt, affärsmässigt handlande i branschen. Ingen ny gruva som öppnats har ****förts efter siffran från den första bedömningen.

Är Kallak den enda väg som Jokkmokk kan gå?

– Nej, men vår framtida väg får inte exkludera vissa branscher eller näringar som vill investera och därmed stärker välfärden, de måste intressera oss. Jag värjer mig mot beskrivningen av det ena eller det andra. Jag är övertygad om att vi kan ha en stark besöksnäring, industrietablering och en kraftfull rennäring. Men vi måste prata med varandra, konstaterar Bernhardsson och fortsätter:

– Besöksnäringen kommer att växa och generera jobb. MIn bedömning är en tillväxt på fem till sex gånger. Det skulle innebära att den tar större arealer i anspråk är vad Kallak skulle göra. Men det behöver inte vara ett motsatsförhållande.

Ett folktomt Jokkmokk om 65 år?

– Jag har aldrig uttryckt det så. Men vi blir färre och i dag avlider det fler än det föds. Den kurvan planar ut om sju år. Men vi behöver en större skattebas, därför behövs arbetstillfällen och jag har uppdraget att arbeta för detta.

Movement over in Sweden... plenty of interest

We need all the help we can get quite frankly... I sense the pressure is building and the political landscape changing. But we’ve been here before many times...