Member Info for refineryQS

He's a politician so I wouldn't expect anything of substance

I'm betting on it being a yes. The greens might not like it but the damage to Sweden's reputation and economy will hopefully outweigh the greens desire for all swedes to flounce about in flax and hemp fibre clothing eating tofu and beans

I'm not so sure. Swedish politics is hamstrung since the last election. The Social Democrats had to align with the green party to counter 'The Alliance' (Moderate party, sweden democrats, Liberals and Christian democrats) with 144 seats to 143. The green party can hold the social democrats to ransom on any of their pet causes - like mining

@ibrahimbaylin_ is his twitter account

Depends on what he talks about

Of course the government is unwilling to meet the company or comment. They will not comment or hint at a decision prior to the release of the official decision and any meeting during the review phase would not be appropriate. You'll probably find that the government won't meet or comment to the Sami either during this part.
The ongoing review will be taking in all the varied evidence, opinions, needs etc and consequently the decision (when it comes) is likely to come with a full explanation of the decision, referencing every element they have considered and setting out conditions under which they will (or won't) allow permitting for exploitation. Hence the dossier. They are not going to send a one page letter saying 'ok guys crack on'. It's a very long and detailed process and they're being very thorough and civil servants never do anything quickly.
Ignoring the government is really not an option and just because you have legal action available does not follow that it is a wise course of action. Going legal is usually the kiss of death to any ongoing working relationship. As frustrating as it is, trying to force the hand of the Swedish government with legal action, would not give us the result we've been hoping for.

Looks like there may be light on the horizon. Been here since the early 3p days. I'm long and stubborn

Good luck everyone.

Isn't one of the main reasons for surface trenching so they have an indication of the amount of overburden they need to remove? The amount of overburden has a huge impact on cost

Leak? RNS coming?

Hopefully it will prove to be an inspired decision ATB

They haven't diverted from the gold. That has always underpinned wider exploration. I'm not sure why they've suddenly decided to change tack and launch into fracking. I can only imagine that they have realised that they have some shale gas under some of their properties and are jumping on the fracking band wagon. GLA

VANE Minerals plc (AIM:VML) ("VANE" or the "Company") Proposed Waiver of Rule 9 of the Takeover Code Proposed change of name Notice of General Meeting Appointment of Non-Executive Director The Company proposes to raise £1,399,000 (before expenses) through the issue of the Subscription Shares at the Subscription Price. The Subscription Price represents a discount of approximately 6 per cent. to the closing mid-market price of 0.425 pence per Ordinary Share on 25 June 2013, being the last dealing day prior to the announcement of the Subscription on 26 June 2013, and represents a premium of approximately 23 per cent. to the closing mid-market price of 0.325 pence per Ordinary Share on 26 July 2013, being the last dealing day prior to the publication of this document. Having considered the price at which the Ordinary Shares are currently traded, and other market factors, the Directors have resolved that the Subscription Price is appropriate. The Subscription Shares will represent approximately 44.12 per cent. of the Company's issued share capital as enlarged by the Subscription. The Subscription has been arranged by Matthew Idiens following his recent appointment as CEO of VANE. In view of the fact that the subscription by the Concert Party constitutes the majority of Subscribers (those representing 82.13 per cent. of the Subscription and who will hold 44.03 per cent. of the Enlarged Issued Share Capital), who are viewed to be "acting in concert" pursuant to the Takeover Code, the Subscription is conditional, inter alia, upon the Takeover Panel giving approval to a waiver of Rule 9 of the Takeover Code, together with the approval of a "whitewash" circular setting out full details of the proposed waiver of the obligation under Rule 9 of the Takeover Code, that would otherwise require the Concert Party to make a general offer to the Independent Shareholders to acquire their shares in the Company. Accordingly, the Subscription is also conditional on the passing of the Resolutions and on Admission. As a result of the subscription by the Concert Party, the Waiver is also sought for the Director Options (which were granted in September 2011), which would otherwise require the Concert Party to make a general offer to the Independent Shareholders to acquire their shares in the Company if they were exercised after the Subscription. Further details of the Takeover Code and the Concert Party and why they are considered to be acting in concert are set out below. The Directors believe that there is currently an opportunity to raise funds from a small number of institutional and other investors rather than by offering all shareholders the opportunity to acquire further shares and that this opportunity may not be present in the future given the current uncertain market conditions. The Directors believe that the additional cost and delay incurred in connection with any such offe

They are currently looking for a partner to continue the copper porphry exploration. Down but not out ATB

VANE Minerals plc (LON: VML)‘s stock had its “buy” rating restated by equities research analysts at Northland Capital Partners in a research note issued to investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 1.70 ($0.03) target price on the stock. Northland Capital Partners’ price target indicates a potential upside of 240.00% from the stock’s previous close.

There is a significant difference in that they have turned a profit £0.05million . Last year they posted a £1.5 million loss

I agree. How many small cap explorers show a profit?

I am pleased to announce that 2012 was the year that VANE declared its maiden profit before tax. This is as a result of our Mexican subsidiary, Minerales VANE, making significant progress in increasing its financial contribution to the Group. During the course of 2012, the Company had 11 months of production from our joint venture with Met-Sin and one month of production from our 100%-owned Diablito Mine. As a result, grades and recovery rates improved leading to substantially more revenue being generated and this is reflected in the Company's financial results for the year. Minerales VANE is expected to continue to perform strongly, generating significant cash resources for the Group. In January 2012, the U.S. Secretary of the Interior announced the anticipated withdrawal from uranium exploration and mining of one million acres of federal lands in northern Arizona where VANE holds substantial interests. VANE has since initiated legal proceedings against the U.S. Department of the Interior with a claim for damages caused by this decision. A resolution to these legal proceedings is expected later in 2013. The majority of VANE's uranium exploration assets are held within its joint venture with Uranium One. In consequence of this withdrawal of Federal lands, the joint venture decided to place all of these uranium exploration assets on a programme of care and maintenance, with the exception of Wate project which has a NI 43-101 Inferred Resource of 1.118M lbs eU3O8. VANE assumed operational control of this project during 2012 and successfully submitted a Mineral Lease application with approval expected during 2014. Since the year end, VANE has announced that it is seeking to sell its uranium assets and we will announce further information at the appropriate time. VANE has also announced that the Company's U.S. porphyry copper exploration programme is best advanced by seeking to attract external third parties to help finance the proposed programme. The targets developed by the programme require additional funding beyond the present funding capabilities of the Company. This is expected to be through direct finance into either the individual exploration targets or into AVEN Associates LLC, the Company's wholly-owned subsidiary that holds the copper assets. Such financing would allow the Company to accelerate its exploration programme over and above what is currently achievable from VANE's existing resources. This process is underway and further information will be announced as it becomes available. In the meantime, the proposed exploration programme has been paused whilst the search for an appropriate partner to help provide these additional resources continues. Post the year-end we announced that David Newton is stepping down as CEO from 31 July 2013 and we are pleased to announce that he is being replaced in that role by Matthew Idiens, a long-serving director of VANE. We would like to thank our investors for their continuing suppor

Financial highlights · Revenue increased by 56.6% to £5.76 million (2011: £3.68 million) · Maiden annual profit before tax of £0.05 million (2011: £1.53 million loss before tax) · Repayment of £500,000 of convertible loan stock with remaining £1 million of convertible loan stock re-negotiated for a further five years at a coupon of 8% and a conversion price of 1.25p per Ordinary Share · Cash balances of £0.53 million as at 31 December 2012 (2011: £2.30 million) http://www.investegate.co.uk/vane-minerals-plc--vml-/rns/final-results-for-the-year-ended-31-december-2012/201306050700133038G/

9:04am 1,000,000 is a buy not a sell

Dummy sell quoted at .606 Dummy buy quoted at .73