Member Info for tintin35

oh Lbbj - you sound like some addict who just can't keep away from this board. As investors this delay is annoying yet, as someone with no interest you are infuriated! I recommend camping. Nothing like the sound of drizzle on canvas with only a pack of cards to keep you sane. Still, there's always a bacon butty in the morning....

This is such a bizzare situation we are in. We ALL know the Government will give the licence at some point, including the Sami. ANY attempt at a NO will result in an appeal to the court which, ironically will make a decision quicker than the Government. I think the last RNS shows the Gov't rattled. The lazy civil servants don't like people phoning them up asking why they haven't made a decision yet and asked Kurt to ask us to back off (oh why didn't we do this before!). Kurt takes the opportunity to point out how much of our investment they've wasted so far. There are no more excuses the Gov't can make. They have a lot of paperwork in front of them but none of it is new and most of it irrelevant. And we could all do their job for them simply based on the knowledge we all have from this board.

to be honest, there's a part of me that's glad we're p*****g off these civil servants. If it means they get the job done quicker cos they're sick of us and want to get rid of it the better - their previous delays have been disgraceful and completely unjustifiable. Maybe we should have done this two years ago.....

understands that the Government's review of submissions made by interested parties, with regard to the Company's application for an Exploitation Concession for Kallak North, continues. As the Government has yet to complete its review of all documents received, it cannot give a definitive timing for a final decision. "It is clear that the Government is being thorough in its review, and taking the time it needs to complete a rigorous and objective assessment of the facts. "Though shareholders may be frustrated with no definitive timeline for a decision, Kallak is an important project for Jokkmokk and the County of Norrbotten and should be treated with the care and attention it deserves, and an observance of due process. "The Government has the opportunity to look at the 'big picture', the interdependencies of capital projects in the region, mining, rail, port, and power, and the potential for Kallak to play its part in a sustainable economic future for Jokkmokk and Norrbotten. "Kallak has support from local and regional politicians, and business focused agencies, who recognise that the Company has invested SEK77 million, and that it is committed to developing an innovative, modern, and sustainable mining project, that showcases the best of what Sweden can deliver. "While the Company waits on Kallak, the Company's exploration teams have been busy with drilling the Aitolampi graphite project in Finland, and a geophysics survey at �tvidaberg in southern Sweden. "The Board will be in Finland next week, attending the Nordic Mining Investment Conference, where I will make a presentation titled 'Mining a future in the Nordics - Staying the distance'. Also, we will hold a workshop with our exploration team, to review our graphite portfolio and our plans for the Aitolampi project, as well as �tvidaberg. "I look forward to updating shareholders in due course on our progress at Aitolampi and �tvidaberg."

Some talk over there of a Government meeting on 19 April...he says ramping away........ not the time to be wavering methinks......

"The Government believes it is important to continue working on creating the conditions for dialogue and cooperation for coexistence between mining and mining. Better knowledge of each other's terms facilitates coexistence and I want to emphasize that both these industries are important for Sweden." "Society needs access to natural resources in the form of metals and minerals to cope with the technology needed for a green change while renn�ringen is a prerequisite for a living Sami culture in Sweden." Stockholm, March 16, 2018 Mikael Damberg Anyone think he's gonna say "No"?

things must be looking up now we've got the de-rampers in.....

The swedes seem to be checking Damburg's meeting agenda (every Wednesday) to see if Kallak is on it. Hence the falls on a Thursday if nothing there. One month to go if my prediction is accurate.

Minister for Enterprise and Innovation Mikael Damberg (S) is a frequent guest in Norrbotten. On Wednesday, he visits Sunpine in Pite� (which manufactures tall diesel from wood raw materials) to open a new production line. Then he goes on to Lule� for a visit to the food company Nyhl�ns Hugosson and a group in the home service who works with integration. It is good that Damberg shows interest and commitment to the added value created in the north. According to Statistics Sweden, Norrbotten is the county in the country, which has the third highest BRP (gross regional product) per inhabitant. Only Stockholm and V�stra G�taland have higher numbers. Forests, ore, hydroelectric power, export industries, tourism companies, test operations and other industries in the north are national assets. But it also applies to creating conditions so that all this can continue to grow and develop. Therefore, it is gratifying that Damberg emphasizes the importance of investing in Norrbotten Bay, strengthening the Norrlands Foundation and other things that create better conditions for life and business in northern Sweden. Important is also the new industrialization strategy initiated by Damberg. Unlike former government chief Fredrik Reinfeldt (M), who described the industry as "basically gone", Damberg has understood that industry remains a foundation for welfare in Sweden. The numbers speak a clear language. The industry and the industrial services sector account for one fifth of Sweden's GDP and 77 percent of the total export value. Without LKAB, SSAB, Volvo, Billerud Korsn�s, SCA, Boliden and other industrial companies, Sweden would be a poorer country. For this reason, it is a blessing that Sweden now has both a government chief (Stefan L�fven) and an industry minister who understands the industry's central role in the social economy. I would like to say that it is one of the most important changes after the change of government in 2014. He could always pop into Jokkmokk while he's there......

I see they're off again this afternoon for Easter - they take this religion thing v seriously.

a reminder from avenza; You do not have to take so much with the "premium price", the numbers are absolutely amazing anyway. Scroll through some old analyzes and review this: https://www.redeye.se/arena/posts/analys-userreport-den-korrekta-analysen In addition to the entire process of processing concession, I still thought it was good to read this: "Based on today's price of iron ore (80 $ / ton) and apart from the fact that the concentration in Kallak is very high in some places and would give a premium price we are starting. We are also only from figures relating to Kallak North with a Access to 150Mt with a dollar rate of 8.9 is math simple. 80 * 150,000,000 * 8,9 = 1,068,000,000,000 SEK. Based on a break of 10Mt over 15 years, it gives a turnover of 7.1 billion SEK annually. This is of course of minor significance if you do not know what costs are available and it is therefore reasonable to compare with other mining companies. Boliden, LKAB and Lundin Mining (Zink Mine) all have an approximate operating margin of 10-15% based on the low metal prices in recent years. With this as a starting point, Beowulf Mining with an operating margin of 12.5% ​​would deliver an ebit of 900m kr. It gives a net income after tax of almost SEK 700m and depending on which P / E is considered reasonable, the following values ​​are obtained: P / E 10: 7mdr P / E 15: 10m P / E 20: 13.8mdr This against the company's current market capitalization of approximately 500m gives a "minimum" realistic price increase of almost 1300% (!) And a share price of "at least" 13.3 kr / share. Note that throughout the analysis I calculated the lowest possible numbers and the industry average as such. " Just replace the iron ore price at $ 70 / ton and the dollar price to 8.36. Even without premium prices, there will be fine numbers. .

they did with Copperstone - said they were minded to issue licence some months before finally doing it. I'd like confirmation that they are not seeking any more bl**dy opinions before getting excited. Sticking with my 6 May decision date though for the hell of it.

Ah, the curse is lifted.... Anyone wanna bet the licence will be issued tomorrow?

The real irony is that the reindeer aren't wandering about the site - they just need to cross the road to it twice a year......solutions are available to allow them to coexist - and that's why the Sami/CAB will fail.

Indeed - why would they "reserve the right to comment" after a decision is made if they expect it to be a NO? Amazed we haven't caught up with the swedes yet..... Sticking with May 6th.

If it was this country I would be getting my local MPs involved and asking awkward questions in Parliament. Also would use the Ombudsman for the delays issue. Not aware of any such action in Swedish Parliament.

NM spent 100m SEK then sold to a state miner. hmm.........

they were amateurs - they only had to wait three years (and another year on appeal) to get the licence. lightweights.....

bearing in mind the Nickle Mountain case it is difficult to see how any No can be justified - in that case the reindeer were actually grazing on the land and there was incontrovertible proof that the Sami would be affected badly by it. I don't think it was even an area designated for mining (like us). In our case the reindeer only have to cross a road twice a year. We know there are plenty of bridge/tunnel designs to get round this. Much of this comes down to the value of the iron ore - we have a huge amount of very high quality. The Gov't know full well that any No would be overturned on appeal. The only issue here is how long people want to keep waiting. The Gov't gave an early indication to Copperstone last year that they would be successful - the SP shot up. This is why you can't hang around waiting for news - anything positive, with a limited number of shares available, will mean you cannot buy until the SP has peaked. If Lbjj is serious about an investment here in the future he should bear that in mind. It's been a long wait but even the most cynical of us expect a Yes decision this year. And we're not a one trick pony as today's rns shows - who knows how much Finland could be worth?

Finland is much more pre-mining than Sweden (but also cares about the environment) http://www.miningfinland.com/community It's clear the only answer to this is to move Kallak to Finland - that'll show 'em....