RE: Reality next steps?30 Dec 2021 18:01
Oaktree, there's a few more hoops to jump through before BEM can actually take control if a concession is granted.
This is my understanding of the next stages, if anyone disagrees, feel free to correct me.
We need access to the land which is granted by the Chief Mine Inspector. We also need an operating permit which is granted under the environmental code, this is granted by the environmental court who set the conditions for the mining operations. How long that takes is anybody's guess, especially with the appeals from the Sami (and Greta lol) ongoing about the decision.
Whether the concession is granted or not, who in their right mind would continue to hold these shares after a yes decision if it ever comes?
Take the money and run, that's if you can unload the shares at the price you expect. Forget plans of "mining, JV or sales" just take any profit you can, when you can, before the inevitable dilution comes through another cash call. Remember it's not just you who are trying to make money from this investment Beowulf plc will take advantage as well.
If you can manage to unload your holding, don't look back and never invest in anything Swedish again, they are a joke, as the last 8 years have proved. TBF when I first got involved here they were a "Nordic" exploration company and mainly UK owned, little did we all know!
And to think my wife wanted an XC40, I know it's Chinese owned but I despair.
Does this make sense? I'm getting shouted at now, still down the pub.
Some people get too attached to a share and can't let it go. Remember it's only ever about the money, that's why you are here, PI's are just the pawn's.
Happy new year, all and never be frightened to take a profit.