Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Even if Ulf is voted in to lead a new government next week I can't see it lasting long with effectively 4 parties, including the right wing Social Democrats (an oxymoron if ever I saw one), vying for the political agenda.
Still in, but I think I might hibernate for the next 6 months, at least.
Eric, if memory serves me right the MoU, which includes the local authority, was signed after the JV. Could the idea of a possible production facility in Finland had any influence? Just surmising.
Just some points of clarity all. The JV was just 'Heads of Terms' for the development of a manufacturing plant in Finland. Epsilon's base is in India. As Epsilon are still party to the MoU, maybe the manufacturing, if it is to happen, will be in India (where its cheaper). Was the JV just a smoke screen? Thoughts.
Looks like the Swedes got a sniff of this before we did. Maybe they were at the Finnish PM's party!
At least we have had a positive reaction from our Swedish colleagues. I don't understand why we needed the lacklustre RNS last week followed by this more encouraging one today.
At the risk of incurring the wroth of the 'no link between the sp in Sweden and here' brigade, there is now a considerable disparity; the sp in Sweden is now equivalent to 5.9p, over 20%.
Maybe this has encouraged the positive day in Sweden. Up 10% as I write.
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?