Member Info for tintin35

Also, Kurt VERY KEEN on Kosovo isn't he? He's normally pretty cautious about stuff....

"As we seem to be approaching a final decision on Kallak, we are doing everything we can to make sure the facts of our case are understood, and, if they are, then there should be no impediment to the award of the Concession.



"Common sense would dictate that if you allow a Company to invest SEK 77 million in Sweden, in a quality iron ore project such as Kallak, and a community such as Jokkmokk, with its significant economic challenges, and you have Mining Inspectorate's recommendation that the Concession be awarded, then all the boxes have been ticked.



"The Mayor of Jokkmokk is desperate to see the Kallak project advance and the Company wants to play its part in giving Jokkmokk a bright future, no more than it deserves, and developing a modern, sustainable and innovative mine in partnership with the community, that Sweden can be justly proud of.



"We are looking forward to Vardar's exploration programme in Kosovo getting underway, especially the drilling planned for the Wolf Mountain lead-zinc target at Mitrovica. We have increased our investment in Vardar based on our excitement with the findings to date and the evident potential of the Mitrovica and Viti projects. Already, the Company's move into the Balkans is attracting interest from institutional funds, keen to understand what we are doing and what our plans are for the future.

I'll take "before the summer" and "is being prioritised"....
he Company is actively communicating with the Government with regards to the Exploitation Concession for Kallak North. It has been confirmed that the Kallak application is being prioritised, an acknowledgement by the Government that the Company has been waiting an excessive period of time for a decision. The Company expects, and it is reasonable to do so, that a decision will be taken, by the Government, before the summer.

This should have some positive effect - def over in Swedeland where they are as calm as a bunch of paranoid new born puppies.....

nope

Ah, I was thinking of if it de-listed. I doubt they could offer much less than the current SP....

sounds good - we asked about supporting him again but he has his own support with him (though our band has a cellist as well!). We've got a gig at the Black Swan in York now in May - home of old folkies - but they'll let us play I guess...

If the company goes private then hits big time I will still be a shareholder and will benefit. It may be harder to sell the shares but simply taking it private doesn't mean they keep everything to themselves.....

I managed to miss him in York this time - he had BJ Cole with him I think? (played on that verve album). Saw Benjamin leftwich in York Minster instead - amazing concert.

Apr 5, 2019
The iron ore price is at its highest level in two years. It reports the French news agency RFI. Natural disasters are behind the rise in prices, partly the tropical cyclone in Australia, which has led to disruptions in iron ore production in Australia, the world's largest iron ore producer, and partly to the dam disaster in Brazil which forced several mines to close there and led to large production losses.

High-quality iron ore prices rose more than $ 91 per tonne the other day, which is the highest two-year listing, and on China's Dahlian stock market, the iron ore price exceeded $ 100 a tonne.

According to the RFI there are few other suppliers of iron ore, the iron ore market is largely concentrated on the two countries Brazil and Australia, although South Africa is also a player to count on.

I'm guessing there must be a reason Sweden doesn't feature in that list....

Finland - cos it's looking attractive out there;
http://www.miningweekly.com/article/mrc-to-buy-norways-largest-flake-graphite-producer-2019-04-04

when I clicked on it it said it wouldn't start till 9am....oh well, seems to be doing the trick

let's get a meeting with the minister sorted out next.

can't see anything for tomorrow

Fair play to Kurt - he's pushing it out there....

There's a couple of Swedish magazine articles basically repeating the press release out there. I think any hint of a meeting in a reply (it would be v rude not to!) could send this rocketing.....

A5

The well has now been cleared to a depth of 4,238 meters, some 147 meters above the top of the previously perforated and tested interval; 4385-4395m.

It is possible that previous attempts to clear the well have resulted in damage to the tubing and casing. Our intention is now to clean out the remaining 147 meters before evaluating the condition of existing tubing and casing replacing /repairing as appropriate prior to attempting to flow and test the well.

Barring additional difficulties and provided that the existing tubing and casing are found to be in good condition, our objective is to commence preparations for the much-awaited long-term flow test before the end of March.

any day now?

a reply would be nice?

It is unacceptable for Swedish authorities to have been watching the Company invest over 10 years doing significant work, and still not take a decision. Kallak is the main asset of the Company on which we are building our future. We have done everything we can to secure that our application follows all the rules. We are not the size of LKAB or Boliden, so for Beowulf and its shareholders the investment of SEK 77 million is a matter of survival. We believe that if Bergsstaten has said the Concession should be awarded, then it should be a straightforward decision for the Government and not a politicised issue.

concludes;
However, we also notice increasing concerns from key actors. Boliden’s CEO Mikael Staffascommented at the Future Mine and Mineral Conferenceheld in Stockholmin January 2019, that if a company invests and discovers a deposit, then it should be able to utilise the asset.Niklas Nordström recently said that "Sweden's mining policy has gone into deadlock" and that "it is extremely difficult to open new mines in Sweden". IF Metall's chairperson,Marie Nilsson, recently said that "the long permit processes scare investors off!”According to our
opinion, this must be reversed. We noted with satisfaction Prime Minister Stefan Löfven's statements in Radio Norrbotten: "Sweden should be a strong miningnation, but it is also important that we maintain sustainability, that we make it as environmentally friendly as possible”and his declaration recently that the government will introduce powerful measures to make “the whole country live”.We fully agree. 61% of Beowulf is currently owned by Swedes, the Company is listed on the Swedish small business exchange Spotlight and has for many years been a committed investor in Sweden. For us it makes no sense for real concern to be shown for LKAB’s shortfall in reserves at Kiruna, for great importance to be placed on Sweden’s mining industry, for iron ore to be talkedof as a strategic asset to the nation, for politicians across the political spectrum to be discussing the necessity for regional development across Sweden, and yet for the Swedish authorities to ignore a Company that has invested SEK 77 million in a ruralcommunity which holds the largest unexploited iron ore depositin Europe. Our ambition remains to take Kallak forward in partnership with the community in Jokkmokk, and to develop the most modern and sustainable mine. There is no better country than Sweden, with its world class mining sector, to realise such an ambition. As far as we understand, there is currently no official deadline for managing our application, and we have no insight into the Government's decision-making process. I therefore hope that you can give us clarity on when a decision on our application will bemade. I would gladly meet you in person to discuss our project, if there is such an opportunity.Our experience, shared by several other mining companies, is having harmful consequences for Sweden's investment attractiveness for mining companies. I hopethis trend can now be reversed under your leadership.

and guess what they call it?

https://en.wikipedia.org/wiki/Iron_Ore_Line

currently 7.2p to buy over there - 6p here.....

they've issued 13m shares - there are 566m out there - that's less than 3 % - and kallak could happen at any time (um....) so could be a bargain today - and still plenty of money in bank for kallak. Kosovo looks very interesting for the future. Amy other company would have billions of shares out there after all this time so no blame lies on Kurt in my view.....