Member Info for Suzy2

Morning All. So...it remains to be seen if Interactive Investor will be participating in this issue. If hey are I'll have a few.

Eric...We bought them through Interactive Investor last time, which was a bit of a pain. The thought of going through that again with WRAP puts me off...because I like my investments to be all in one place, not scattered around.

PS The point you made about buying a cash generative business...well, I thought Grafintec might be that, KB did allude to it as a means of putting the lights on at Kallak. But that just seems to be an everlasting paperchase.

Eric...I wouldn't dare say I was optimistic but I do agree with Troaj that it's never the end.

I know nothing about infastructure...but when you think about it, how can you expect to sell an iron ore pellet product if you can't manage to transport it 20 miles? I know...we'll get it from Brazil or Australia?

The railway needs to be upgraded and that's also been on the agenda for as long as we can remember...it's only 20 miles from the Kallak site to the main line to Narvik. Questions, questions...wonder what that will come up with?

Most memorable soundbite from Mikael Damberg when he was Minister for Enterprise (Oct 2014-Jan 2019..."Mines are where they are". This was along with the promise of a decision...after Christmas, before Easter after the summer holidays, etc, etc...year in year out. And there was "According to the law not politics" from Stefan Lofven during his campaign to be elected about 2014. But politics prevailed until he was defeated and the Government broke with the Greens, round about 2022 and they finally awarded this Concession to Mine but allowed the Sami appeal....another two years in the process. And from Karl-Petter Thorwalssen...when the decision was announced: "This resource is too good to be left in the ground." Big sigh!

Keep talking...I might decide to go again, Stockholm syndrome and all that. Lol.

And then another two years in limbo while the Sami were allowed to appeal the decision.

The company has been successful in gaining the Concession Award and that was a very long road. The Government wants mines but they don't have any budget for exploration themselves. And they haven't given a permit for any other new mine in...how many years, about 12 years since Northlands.

The failure of the permitting process...9 years to get a decision is largely responsible for the company's difficulties, imo. Spending money on Kosovo turned out badly but they didn't have anything else at the time to pursue...with no answer from the Government, continually failing to meet the promised deadlines.

Yes, some crisps would be good. I meant the orange man god and his running mate.

Evie X

Thanks Eric...I was going to say same to you have a nice weekend, at least the weather's nice, one can forget everything outside in the sunshine, even DT and JDV.

Further to Richmeister's post yesterday about Boliden buying Zinkgruvan...here's a bit about it. Wonder if Sweden will ever manage to open a new mine:

https://www.mining-technology.com/news/lundin-sale-sweden-portugal-zinc/

Pocko...it's cheered me up that you think you might see an opportunity to get back in. I've taken part in every cash call but I'm not feeling I'll do it again...unless there's something convincing turns up during the question time about accelerated development.

Pocko...it depends on what you mean by didn't see this coming....since you did see it coming does that mean you're in a better situation than we are. I don't want to fight but why keep blaming other shareholders. And so far as the transport situation is concerned...it should be known what would be acceptable and whether or not it is economically feasible....it's always been absolutely clear what the choices are.

It's absurd that a mining country is perplexed about transporting iron pellets twenty miles.

The questions should be interesting, if there are any. I can't be bothered.

Which begs the question...are we paying for the development of this so the government can take it off us for nothing?

What method of transportation do you think would be acceptable, refinery? You seem to have dismissed the pipeline and road haulage? What's left then...a rail link to the main line?