Latest news with #Visby
Malaysian Reserve
02-06-2025
- Business
- Malaysian Reserve
Visby Management Reiterates Superior Offer to LCL Resources
Total Cash Consideration of AUD $15 Million + 1% NSR Visby Urges Shareholders to Reject Tiger Gold Proposal MEDELLIN, Colombia, June 2, 2025 /PRNewswire/ — Visby Management LLC ('Visby'), an international mine operator with operations in Colombia, would like to reiterate its superior, binding offer to acquire the Colombian assets of Los Cerros Limited (ASX: LCL) ('LCL') and is urging LCL shareholders to vote against the proposed transaction with Tiger Gold Corporation ('TGC') at the AGM on June 9, 2025. Visby also encourages shareholders to communicate their support for Visby's proposal at the upcoming LCL public webinar to be held on June 5, 2025. Visby has submitted multiple binding offers to LCL to acquire the company's Colombian assets. In February 2025, Visby presented LCL with a superior offer and encouraged shareholders to vote against the latest TGC offer so that the company could consider it. Subsequently, 84% of shareholders at the February shareholder meeting voted against the TGC offer. Visby has since approached LCL with multiple offers superior to what TGC has offered but the LCL board has consistently refused to engage in discussions or allow shareholders to evaluate Visby's superior offers. Despite a clear message from shareholders in February, the LCL board is again recommending shareholders vote in favor of TGC at the upcoming June 9, 2025 AGM. In hopes of getting support from understandably disgruntled shareholders, LCL scheduled a webinar for June 5, 2025 to presumably persuade shareholders on the TGC sale option. Upon learning of the webinar, Visby requested the opportunity to present its offer to shareholders in this same forum. The LCL board refused Visby's offer. So that shareholders may make the most informed vote at the upcoming AGM, Visby would like to reiterate the following points: The proposed TGC transaction is an option with only AUD $1m upfront, as LCL has stated on multiple occasions, and there is no guarantee TGC will deliver on the second payment due in eight months. Despite an intentional lack of clarity from LCL's board, the TGC option does require shareholder approval. The TGC agreement may be binding, but only as long as shareholders approve it. With these points in mind, Visby would like to reiterate its binding AUD $15 million offer which includes: Upfront payment of AUD $7.5 million (proof of funds available) AUD $7.5 million on first gold pour 1% NSR Visby is an experienced mine operator which has built successful open pit gold mines in Colombia. Any shareholder who would like to discuss Visby's credentials is welcome to contact us at the email below. Given that approval of the TGC option requires shareholder approval, Visby encourages shareholders to vote in their best interest at the upcoming AGM and reject the TCG proposal so that Visby's superior option is considered. ContactPresidentRoy Ostrom IIIVisby Managementinfo@ Photo:
Yahoo
04-05-2025
- Yahoo
Sweden's Stealth Navy: Visby Corvettes and Gotland Submarines
Sweden favors stealth over brute force—and nowhere is that more apparent than in its two naval marvels: the Visby-class corvette and the Gotland-class submarine. Engineered for one of the most complex maritime environments in the world, these platforms embody the Swedish Navy's philosophy of striking silently, surviving unpredictably, and defending decisively. The Visby-class corvette is one of the most radar-evading warships ever built. Its angular, carbon-fiber hull dramatically reduces its radar cross-section, while integrated weapons and sensors help it operate undetected in littoral zones. Despite its sleek profile, the Visby is packed with anti-submarine, anti-ship, and mine warfare capabilities—tailored for the Baltic's tight, shallow waters. Beneath the surface, the Gotland-class submarine is a master of silent operations. It was the first operational sub to feature air-independent propulsion (AIP), allowing it to remain submerged for weeks without surfacing. Its quiet diesel-electric engines and stealthy profile once allowed it to 'sink' a U.S. aircraft carrier during a training exercise—without ever being detected. Together, the Visby and Gotland represent a highly strategic blend of innovation and geography. They're not built to dominate oceans—they're built to disappear in narrow seas and reappear with deadly precision. Quiet, agile, and nearly invisible—this is Sweden's naval edge.
Yahoo
18-04-2025
- Politics
- Yahoo
NATO's presence in a strategic sea it shares with Russia is about to get bigger
NATO has ramped up its presence in the Baltic Sea, sensing a threat from Russia. Countries that border the strategic waters are also ordering more vessels. The sea is important both to Russia and to NATO. NATO countries that share a strategically important sea with Russia have boosted their presence there and are buying more warships, as they eye Russia warily. Denmark, which sits at the mouth of the Baltic Sea, announced plans to buy dozens more ships amid rising threats in the Baltic and the Arctic. The Baltic Sea is a major trade and telecomms route that has seen increased patrols and alleged sabotages of undersea cables since Russia launched its full-scale invasion of Ukraine in February 2022. Many European officials say they believe Russia is behind the severing of cables. Lithuania, which borders Russia and the sea, announced this month that it is buying two new attack boats. Poland is also building new frigates and is planning to buy submarines. Estonia, which has only eight ships and one of the world's smallest navies, aims to purchase up to 12 new vessels. Sweden, which joined NATO after Russia invaded Ukraine, is also procuring four more surface vessels. Much of Sweden's military was designed with a fight against Russia in mind, and it has even issued its citizens a booklet advising them about how to prepare for such a war. Pål Jonson, Sweden's defense minister, told BI in February that Sweden is "in the process also of procuring four new surface vessels," saying they will "be significantly bigger" than its existing Visby class corvettes. Bryan Clark, a naval operations expert at the Hudson Institute who served on the US Navy headquarters staff, said the vessels, combined with Sweden's submarines, would be "very useful for closing off the Baltic Sea if they wanted to, using the combination of the submarines and those surface combatants." The Swedish Defence Materiel Administration said last year that two of the ships were planned to be delivered to the Swedish Armed Forces in 2030. The country's admission to NATO boosted the alliance's maritime presence, particularly in the Baltic Sea, which is flanked by countries including Sweden, Finland, Russia, Estonia, Latvia, Lithuania, and Poland. Russia's naval presence in the Baltic as of December 2023 included one attack submarine, five guided missile destroyers, one guided missile frigate, and 35 smaller ships, according to the Carnegie Endowment for International Peace. However, Russia moves its naval assets around, changing what is based in each port. Many alliance members have started calling the Baltic the "NATO Sea," after Sweden and neighboring Finland joined NATO. Sweden brings submarine capabilities that few other NATO members in the region have. Estonia, Latvia, Denmark, Finland, and Lithuania have no submarines, while Poland has just one. Sweden's submarines are also well suited for the Baltic Sea in particular, according to naval warfare experts. Steven Horrell, a former US naval intelligence officer and now a warfare expert at the Center for European Policy Analysis, told BI that Sweden's small and quiet submarines are perfect for a sea with "smaller inlets, small islands, small shallow waters." Jonson said Sweden could bring "unique capabilities" to NATO's operations in the Baltic Sea, underwater and on the surface. Sweden also knows the sea well: Jonson described operating there as "something we've been doing for hundreds of years, and we like to think that we know the Baltic Sea inside out." He said "a lot of things" were being done to protect critical infrastructure on the seabed, adding that Sweden was using its own navy and coast guard, but NATO had also stepped up its efforts. Sweden is part of NATO's Baltic Sentry operation, which has put more ships and control vessels in the sea. But Jonson said more could be done. Sweden's defense minister warned last year that, even though Russia's forces were "tied up" in Ukraine, "We cannot rule out a Russian attack on our country." In addition to boosting defense spending, Sweden is giving Ukraine its biggest-ever support package this year, worth about $1.6 billion. Jonson described that as a message to its allies: "We have to all step up and provide more assistance to Ukraine." He called supporting Ukraine "the right thing to do and the smart thing to do because it's really also an investment into our own security because the stakes before us are enormous." Read the original article on Business Insider
Yahoo
18-04-2025
- Politics
- Yahoo
NATO's presence in a strategic sea it shares with Russia is about to get bigger
NATO has ramped up its presence in the Baltic Sea, sensing a threat from Russia. Countries that border the strategic waters are also ordering more vessels. The sea is important both to Russia and to NATO. NATO countries that share a strategically important sea with Russia have boosted their presence there and are buying more warships, as they eye Russia warily. Denmark, which sits at the mouth of the Baltic Sea, announced plans to buy dozens more ships amid rising threats in the Baltic and the Arctic. The Baltic Sea is a major trade and telecomms route that has seen increased patrols and alleged sabotages of undersea cables since Russia launched its full-scale invasion of Ukraine in February 2022. Many European officials say they believe Russia is behind the severing of cables. Lithuania, which borders Russia and the sea, announced this month that it is buying two new attack boats. Poland is also building new frigates and is planning to buy submarines. Estonia, which has only eight ships and one of the world's smallest navies, aims to purchase up to 12 new vessels. Sweden, which joined NATO after Russia invaded Ukraine, is also procuring four more surface vessels. Much of Sweden's military was designed with a fight against Russia in mind, and it has even issued its citizens a booklet advising them about how to prepare for such a war. Pål Jonson, Sweden's defense minister, told BI in February that Sweden is "in the process also of procuring four new surface vessels," saying they will "be significantly bigger" than its existing Visby class corvettes. Bryan Clark, a naval operations expert at the Hudson Institute who served on the US Navy headquarters staff, said the vessels, combined with Sweden's submarines, would be "very useful for closing off the Baltic Sea if they wanted to, using the combination of the submarines and those surface combatants." The Swedish Defence Materiel Administration said last year that two of the ships were planned to be delivered to the Swedish Armed Forces in 2030. The country's admission to NATO boosted the alliance's maritime presence, particularly in the Baltic Sea, which is flanked by countries including Sweden, Finland, Russia, Estonia, Latvia, Lithuania, and Poland. Russia's naval presence in the Baltic as of December 2023 included one attack submarine, five guided missile destroyers, one guided missile frigate, and 35 smaller ships, according to the Carnegie Endowment for International Peace. However, Russia moves its naval assets around, changing what is based in each port. Many alliance members have started calling the Baltic the "NATO Sea," after Sweden and neighboring Finland joined NATO. Sweden brings submarine capabilities that few other NATO members in the region have. Estonia, Latvia, Denmark, Finland, and Lithuania have no submarines, while Poland has just one. Sweden's submarines are also well suited for the Baltic Sea in particular, according to naval warfare experts. Steven Horrell, a former US naval intelligence officer and now a warfare expert at the Center for European Policy Analysis, told BI that Sweden's small and quiet submarines are perfect for a sea with "smaller inlets, small islands, small shallow waters." Jonson said Sweden could bring "unique capabilities" to NATO's operations in the Baltic Sea, underwater and on the surface. Sweden also knows the sea well: Jonson described operating there as "something we've been doing for hundreds of years, and we like to think that we know the Baltic Sea inside out." He said "a lot of things" were being done to protect critical infrastructure on the seabed, adding that Sweden was using its own navy and coast guard, but NATO had also stepped up its efforts. Sweden is part of NATO's Baltic Sentry operation, which has put more ships and control vessels in the sea. But Jonson said more could be done. Sweden's defense minister warned last year that, even though Russia's forces were "tied up" in Ukraine, "We cannot rule out a Russian attack on our country." In addition to boosting defense spending, Sweden is giving Ukraine its biggest-ever support package this year, worth about $1.6 billion. Jonson described that as a message to its allies: "We have to all step up and provide more assistance to Ukraine." He called supporting Ukraine "the right thing to do and the smart thing to do because it's really also an investment into our own security because the stakes before us are enormous." Read the original article on Business Insider
Yahoo
15-04-2025
- Yahoo
Sweden's Stealthy Visby Corvettes Getting Mk 41 Based Vertical Launch Systems For Air Defense Missiles
Lockheed Martin has confirmed Sweden's Visby class corvettes will use three-cell Extensible Launching System (ExLS) launchers to fire their forthcoming Common Anti-air Modular Missiles (CAMM). Adding CAMM to the stealthy ships' arsenals will give them a valuable air defense capability they currently do not have, but the ExLS arrays also opens the door to more readily integrating additional anti-air and anti-surface munitions. Edward Dobeck, Director of Launching Systems at Lockheed Martin, talked about his company's work relating to the Visby class in an interview with TWZ's Howard Altman from the floor of the Navy League's Sea Air Space 2025 exhibition earlier this week. Lockheed Martin provided additional details in response to follow-up questions from TWZ. European missile conglomerate MBDA, which manufactures CAMM, first announced Sweden's five Visby corvettes would be getting the new anti-air missiles back in 2023, but did not say what launchers would go along with them. 'So Sweden has a three-cell launcher that is being used primarily for the CAMM missile right now. That is providing them additional capabilities,' Dobeck said. 'Sweden is looking at putting their launchers on the Visby class of ship … So now that they're [Sweden] part of NATO, this provides them a great solution to provide them some vertical launch capability and bring that over to them.' 'The Vertical Launch solution for Visby is the 3-Cell Extensible Launching Systems (ExLS),' a Lockheed Martin representative also said when asked specifically what launcher Dobeck had been referring to. An artist's conception of a CAMM-armed Visby that MBDA previously released shows a trio of three-cell launchers on the ship. CAMM can be quad-packed into each ExLS cells, which will allow the corvettes to carry up to 36 of the missiles at a time. The Visby class ships are also getting a version of MBDA's complete Sea Ceptor air defense system to allow them to employ their new missiles. 'Sea Ceptor is a latest generation naval air defence system, providing robust self- and local area- air defence against simultaneous attacks, including saturation attacks, across the full 360° threat axis,' MBDA said in its 2023 press release about integrating CAMM onto the Visby class. 'With a wide target set from supersonic anti-ship missiles to attack helicopters and un-crewed air vehicles, the system has been designed to counter advanced threats.' The 10-and-a-half foot long and six-and-a-half inch wide CAMM leverages elements of the infrared-homing AIM-132 Advanced Short Range Air-to-Air Missile (ASRAAM), but is an active-radar guided design. CAMM has a stated range of at least 15.5 miles, according to MBDA. Lockheed Martin co-developed the ExLS with MDBA. ExLS leverages technology Lockheed Martin's combat-proven Mk 41 Vertical Launch System (VLS), variants of which are in service with the U.S. Navy and the naval arms of many other countries. ExLS is, however, not directly compatible with the canisterized missiles available for Mk 41-series launchers. ExLS was also developed with a clear focus, at least initially, on being able to fire CAMM, with the first ejection tests of those missiles from the launcher coming in 2017. Lockheed Martin says ExLS paired with Sea Ceptor can simultaneously prepare three CAMMs to fire from a single three-cell array. CAMM-Extended Range (CAMM-ER) and CAMM-Medium Range (CAMM-MR) versions, with maximum ranges of around 28 miles and 62 miles, respectively, have also been in development. CAMM-ER and CAMM-MR are physically larger than the baseline CAMM, and how many, if any, might be able to fit into an ExLS launcher is unclear. As already noted, ExLS launchers loaded with even with standard CAMMs will immediately fill a significant gap in the existing arsenal of the Visby class corvettes. Each of the ships currently has separate launchers for up to eight RBS 15 Mk 2 anti-ship cruise missiles and four 400mm torpedos, as well as the ability to fire depth charges and deploy naval mines. The ships also all have a single Bofors 57mm Mk 3 naval gun that is hidden inside a stealthy turret on the bow when not in use. The ExLS launchers, which are designed around modular payload adapters and an open-architecture systems backend, could also help the Visby class corvettes to fire other munitions, as well as decoys, in the future. In terms of missiles, in addition to CAMM, Lockheed Martin has pitched ExLS as a launching system for the Block 2 version of the surface-to-air RIM-116 Rolling Airframe Missile (RAM), as well as the AGM-114L Longbow Hellfire and AGM-179 Joint Air to Ground Missile (JAGM) – all quad-packed. RAM is also in service on a variety of U.S. Navy ships and is now set to be fitted on all of the service's Arleigh Burke class destroyers. Longbow Hellfire and JAGM were designed originally to engage targets on land and at sea. Longbow Hellfire now also has a demonstrated capability against drones, including from naval platforms, and Lockheed Martin is working toward similar anti-air capabilities for JAGM. ExLS could also be used to launch Nulka decoys, each of which contains an electronic warfare system that actively pumps out signals that mimic the signature of a large warship to help lure away incoming radar-guided anti-ship cruise missiles. Nulka is also designed to hover in mid-air for a period after launch. Previous reports have said that the integration of CAMM and the rest of the Sea Ceptor system onto the first Visby class corvette is slated to begin sometime this year, with the work taking around 12 months to complete. The timeline for when all five ships will have received this new capability is unclear. We do now know that the integration will also include installing three ExLS vertical launch systems onto each of Visby class ships, which could help pave the way for the addition of other capabilities down the line. Howard Altman contributed to this story. Contact the author: joe@
