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Re Ibjj
No one knows what will come Friday, but my guess is the same as yours. Baylan will do his speach and leave, without part taking in any debate. What one could wish for, though, is that Dagens Industri reports from the event. They have kept a tough line against the government's concession handling for the past week. There is also a Northern member of parliament, Linda Ylivaino, on the constitutional board of Swedish parliament (konstitutionsutskottet) and who has voiced her discontent with the decision making process. Come spring, she has stated, the legislative review of the decision making process kicks off. Seems she is going to build media pressure from now and up to that point.
What amazes me, though, is that even when politicians speak of the Kallak outrage, Mr Budge is nowhere to be seen. No interviews, no comment, no nothing. How come he is not seizing the moment...
//Sssmajl
Re tintin35
To the best of my knowledge, these are not junior law firms in any way, but seriously high profile and among the best.
Fröberg & lundholm is a land and environmental law specialist, at that.
if it has an effect? Who knows. But it is a ballsy move and I like the approach...
//Sssmajl
Re Eric,
No. of shares is indeed increasing...step by step by step. And it is selected investors that benefit from the dilution.
I agree Kurt needs to push for a status report, at the very least, in order to get clarity and secure that we are moving towards a decision. With Swedish government, good things do not come to those who wait.
As for Swedish media, I am afraid there will not be much help there. There is full focus on the current epidemic of bombings and shootings, in public spaces, over here. When that is under control, yes, but until then...not so much. And that is of course the right prioritization, even if both come from the same governmental inability to yank one's thumb out.
We have the filing of complaint at the Konstitutionsutskott (KU), which is an internal affairs type of unit within the Swedish parliament, regarding the delayed decision for Kallak and Laver mines. No signs yet of how it is being handled, but there could be hopes for this to help a decision. Unfortunately there is also a news piece by investigative reporter's (a show called Uppdrag Granskning) coming Thursday about the Swedish mineral's act. Judging by the trailer, though, it may cause more harm than good. Seems to focus on land owner's rights and "land grabbing exploration companies". Let us hope trailer is misleading. I hope we will not forced to swallow Sinclair Poulton's ignorant "what local people?" one more time.
Beowulf of today is of course an entirely different being, clear on its cooperational stance.
These words die hard though...
//Sssmajl
Some more bedtime story links, courtesy of the writer BrainTec at Placera. Enjoy! :)
//Sssmajl
https://www.svt.se/nyheter/lokalt/norrbotten/det-betyder-lkab-for-statskassan-lon-till-4-400-poliser
https://www.svt.se/nyheter/lokalt/norrbotten/lkab-malmen-tar-****-snabbare-an-planerat
https://www.svt.se/nyheter/lokalt/norrbotten/lkab-provborrar-efter-ny-malm
Sure, why not. Great to see the view from the people on the ground. Not the tactics driven line, presented by the LKAB chairman some time ago. We all know him in Sweden, as he used to be PM for many years. If he says something, go for the opposite :D
//Sssmajl
Today has been a bit of a wild day. Finally the pressure is on...
Found out this evening that the pressure does not come off next week either.
A fellow social democrat (from Norrbotten) posted a formal question for I B on when a decision can be expected for the two mining projects Kallak and Laver. The link is of couse in Swedish, but if you use Google translate you will see that the text is not exactly a compliment for a job well done.
//Sssmajl
https://www.riksdagen.se/sv/dokument-lagar/dokument/skriftlig-fraga/gruvprojekten-i-kallak-och-laver_H711102
See there is discussion on the difference in share price here today, but without explanation.
Yesterday evening the mayor of Jokkmokk, Robert Bernhardsson, together with two other "mining town mayors" (Pajala and Älvsbyn), attacked the government mining concession handling in a press piece, in Sweden's largest news daily Dagens Industri. The three called argues that the government needs to get their act together.
It should also be mentioned that all three mayors are members of the government party, Socialdemokraterna.
//Sssmajl
Re Suzy2
Not quite. I did send a letter to two party leaders, in Swedish politics, informing them of the poor handling of the exploitation concession application. I asked if they were able to support and got a response from one of them, explaining two ways of getting the question lifted in Swedish parliament. Members of the correct branch of parliament can ask formalized questions to Mr Baylan, for parliamentary sessions, or bring it up in a Q&A session.
She passed my e-mail on to one of the MPs, in the right branch (enterprise I assume). If that person decides to take it up, or not, is entirely up to him/her. My thinking, though, is that if there are more request for it, there is a greater likelihood of it happening. So, I encouraged others at Avanza to do the same.
//Sssmajl
Kingoman. There is such a show in Sweden, called "Uppdrag granskning".
https://www.svtplay.se/uppdrag-granskning
Not sure if the angle should be the poor British mining company, though. It is probably better to display how the mismanagement of this application puts local jobs in Jokkmokk on hold. How the lack of political stamina and ability to follow Swedish law, means the (financially) struggling community of Jokkmokk is denied its ticket to well funded services like schooling, care for the elderly, etc.
//Sssmajl
Re EricDraven,
Could not agree more about regarding "so I'll be expecting an update before long on just what the hell is going on". And the same applies to Vardar and Fennoscandian. Seems info is long overdue there as well.
For Kallak, though, Kurt seems reluctant to sharing any information of this kind. Cannot say why,.
Either he is afraid it may influence the process in a negative way, or he simply does not have access to it.
Either way, would love to see him more active. And Göran Färm...are we really paying this guy?
Wish there were ways of influencing this, as a shareholder, but I belive it is difficult unless joining forces and that is not possible without coordination - a luxury we do not have. Just go to keep our fingers crossed...
//Sssmajl
Evening Suzy2 and Aug59.
You both make valid points. Starting with your point, Suzy, it seems exploitation concessions and mining has finally come into focus for the government. It took six years of clammy hands handling, but signs are lining up now and somehow I doubt the government dares to tread into the twilight zone, like the county administrative board did. There is consensus in the Swedish parliament that we need more mines, there is consensus that metals and minerals will be needed for transforming into a carbon free society, but politicians are also scared out of their senses of any backlash, dealt by Swedish mainstream media, which at best can be described as alarmists.
What I would love to see in addition to this is initial contact with LKAB, which should be the given partner/buyer of Kallak. It is commonly known that their reserves are running low, so there should be an interest. Being state owned and a cash cow of the Swedish government, this would also serve as a guarantee for getting the exploitation concession. But the lid is screwed on tightly.
Moving to your point, Aug59, I agree there is a risk in wielding the law book in an uncertain time. You do not want to spook above politicians, cause they may act irradically. I also believe, though, that BEM should plan for all possible scenarios, including taking legal action if the exploitation concession is not awarded. In my book there are no legal grounds for refusing it and after government decision, the final stop is the supreme court (should they decided to take the case in). There we would see a stricly legal trial, without politics getting in the way.
The exploitation concession should be in the bag. the question is if the government awards it or if we need to go to court to get it. After six years, I sincerely hope the government does their job. If not, maybe the opposition should be tipped off regarding a free "penalty kick".
//Sssmajl
Ibjj,
To the best of my knowledge KB is not going to Sweden this week to meet decision makers, but to meet his advisors.
Purpose of the trip is to analyse if something more could/should be done to push in the case of Kallak.
But of course I agree that you need face-to-face with the decision makers, to move this ahead. Acc. to my own opinion, they should get the Swedish chairman working. This is what he was hired for...
//Sssmajl
Hi all,
I am a Swedish shareholder on Avanza that just recently found my way here. Notice that there seem to be less disillusion and more resolve here - see talk of legal action against the delayed decision for exploitation concession. Have any of you seen any solid thoughts on what could be done from legally?
//Sssmajl