I'm sure many on here will spin this as a positive. Pumpers can spin anything.
Still LKAB is 100% owned by the Sweden government.
And to be fair its there ground where the resource resides. Why would you let this Australian company come and take it out and make profits of your resource without you getting a nice piece of the returns.
I see trouble ahead to get those permits. That's why it was said in the AGM we will need to go to court to get the permits.
https://www.svemin.se/en/news/news/green-light-for-swedens-first-new-mine-in-10-years/
Botnia Exploration was in the courts for years.
To be honest I would just give Sweden equity stake and get on with it.
Mark only paid 500K for the mining rights if I remember correctly years ago.
Just give Sweden equity stake and lets get going. Don't take them to courts cause you have the mining rights and they have the permits.
Just come to agreement and lets move forward. I think this is the exact reason Smedvig got out. Talga don't want to play ball with parties.
IMHO
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