Member Info for rickmeister

LKAB is effectively a Nationalised Company.it might look suspect if it got involved with Kallak at this stage of the concession. If it does come forward as a buyer or partner I can't see this until after the EP is granted. If we can negotiate a viable concession for Kallak North, that should open up the way for Kallak South and any lodes in between. LKAB are current moving two towns to increase the size of one of their mines so all things are possible. A waiting game for a while yet, I fear.

I'm thinking of changing my name to stuckherewithhemo!

lbjj. You seem to be suggesting, as I hinted at a few days ago, that the company has information (or a good guestimate to be kind) that has not been released to the market. If it has this is most likely to relate to Kosovo. Personally, I prefer the loan/conversion, even though it is not cheap, to a call on shareholders and further dilution now, assuming the company needs some immediate cash.

Yep, Sweden now 6p+ equivalent. I suspect there is some further info known to the company which can't yet be released to the market.

This is now getting a bit uncomfortable. Frankly can't see any point selling now, just have to wait until the appeals, if allowed, have been considered. One or three its all the same-clearly they are working in concert. Not a lot the company can do, as the appeals are against the government decision-so its for them to defend and not BEM.

Nothing I can see about her remuneration-lets hope it is closely linked to the share price. Maybe KB is keen to show that Jokkmokk Iron Mines AB is distinctly Swedish and at arms length from Beowulf. KB may also want to use his time elsewhere rather than the technical/political issue of the EA. I agree her CV appears pretty thin but she can at least speak to the locals in their language.

FF23. I agree with your assessment. If Swedish law follows ours then the remedy for suing is damages (money). Injunction or Judicial Review would seem more appropriate. The Government can hardly be accused of a hasty decision on this one.

Sued for what? The government made the decision, not BEM. Nothing has happened and the EIS still has to be agreed, which I assume will include any mitigation and compensation for any impact on local amenity. Maybe BEM should countersue as clearly the iron deposit existed long before the Sami Village. Looks like another pile of bluster and nonsense. What are the Sami's skidoos and cars made from-thin air?

A little flicker of life in Sweden! Perhaps they need to make more Bofors?

Indeed. If this is a pump and dump for a placing, then its the worst one I've seen.

TFE. That looks a fairly standard condition whether in Sweden or here. Firstly that's 25+ years away and anything could change over that time, second it doesn't dictate how long the remediation works have to take place over (unless you haven't mentioned that). In the early part of my career I sourced former quarries in Kent for waste disposal on behalf of the GLC. Pits were clay lined and clay topped to avoid leachate and finally top-soiled and replanted. Not saying this would happen today, but you get my drift as to possibilities for reinstatement.

TFS. Not sure I can agree with your analysis. The market is far from transparent, in my view its highly opaque. Putting that aside the MCap of BEM in the UK is £52m but in Sweden the MCap is 600m SEK, which at an exchange rate of 12.22 (today's rate) gives an equivalent MCap of £49m. Which is the 'true' value for BEM?

Eric, agreed, it is getting very wearing and clearly the Swedes are spooked. I have largely supported Kurt but I don't understand the current radio silence on Kallak or Kosovo. Maybe the situation in Finland and Sweden around NATO membership is also causing the jitters and/or news is being 'managed' until NATO membership of both is clear. As I understand it both Finland and Sweden are going to apply jointly in May. Sweden has always been more reticent than Finland as Finland acts as a buffer between them and Russia. I sincerely hope Kurt has a plan and its a good one. Yours Baldrick!

Eric. If its a gordian knot it will require bold action to release it. Our gordian knot is the environmental hurdle which will take some time to resolve especially as the environmentalist will through everything at it. More patience is required it seems, but it looks as if many investors have baled out, maybe to return at a later date.

win4. Unfortunately the shares held showing on ii are, I think, the number before consolidation. Hope I'm wrong.

lbjj. Hopefully Kurt is good at kickboxing.

Not yet.

Just returned from a very nice hols in France, so apologies if somewhat off the pace. As far as I can see Kurt has made a single minimal statement following the Kallak concession award in the 29th March RNS. What has surprised me is the paucity of information-not even a link to the government statement-notwithstanding the painful wait we have all had for this decision. Also surprising is no comment on the apparent paradox of the substantial SP fall since the decision. There is talk of the decision being appealed, but on what grounds. Would it be akin to a judicial review? The link to the government decision published 28th Mar is below for anyone who hasn't seen it.
https://government.se/articles/2022/03/information-about-the-decision-on-an-exploitation-concession-for-kallak-k-no-1/

Yep, panic appears to be subsiding. Flipping irony if this goes blue later today

This is not the first time Aftonblatet have done something similar. Hopefully it will be treated as the hack journalism it is. GLA