Share Name Share Symbol Market Type Share ISIN Share Description
Beowulf Mining LSE:BEM London Ordinary Share GB0033163287 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.375p +4.62% 8.50p 8.00p 9.00p 8.50p 8.125p 8.125p 48,616.00 08:11:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.8 -0.4 - 42.72

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Date Time Title Posts
16/1/201712:11Beowulf Mining - Significant Undervaluation15,290.00
30/6/201613:46Beowulf Mining - Significant Overvaluation190.00
25/2/201616:01BEM reaching for new heights32.00
16/5/201408:55Beowulf One2One Forum 15th May-

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Beowulf Mining Daily Update: Beowulf Mining is listed in the Mining sector of the London Stock Exchange with ticker BEM. The last closing price for Beowulf Mining was 8.13p.
Beowulf Mining has a 4 week average price of 7.23p and a 12 week average price of 5.97p.
The 1 year high share price is 8.63p while the 1 year low share price is currently 3.03p.
There are currently 502,630,331 shares in issue and the average daily traded volume is 1,249,646 shares. The market capitalisation of Beowulf Mining is £40,838,714.39.
steeplejack: No expert on procedures but I presume this RNS about discussions today presages licence permit approval.All you can do is follow the Swedish share price lead I guess. Corrected,thanks.
liberatingsteptoe: loglorry1: Good old conspiracy theories! Were there to be a secret connection, I suspect it would be illegal and could result in a lot of trouble for those involved. There's not much that can be done about Kallak until The Fat Lady, aka the government, sings. If you have a shareholding here, sit back and enjoy, as the share price has gone up. Or is it, perhaps, that you wish it to fall? Might you be in some conspiracy yourself? LS
liberatingsteptoe: loglorry1: 1. Why would anyone just want to reward the vendors? Out of the goodness of their hearts?? They will not get the rest of the shares for some time, probably at least two years, so there must be the assumption of an increase in the share price and the value of the asset. 2. Seems to rather contradict your first point. Kallak is in the lap of the government and we all know how bureaucracy works.......... 3. That seems to be a good idea, as the higher the price, the fewer shares will need to be issued if and when the company needs more money. So far, seems to have been well received. LS
loglorry1: Looks to me like one of a few options 1) BEM Mgmt are using strong share price to buy a likely worthless asset in order to reward vendors. I didn't see any lock-ins for the vendors (there may be) but they'll dump stock and get out of an asset that is likely worthless. 2) BEM Mgmt looking for something new to shout about. This deal costs them very little £120K? and they can start crowing about this to distract from the fact that Kallak is not going to plan. 3) All this allows them to get stock price up for a funding. Log
market sniper3: B&M European Value Retail SA 25% Potential Upside Indicated by Deutsche Bank Posted by: Ruth Bannister 4th January 2016 B&M European Value Retail SA using EPIC/TICKER code LON:BME has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. B&M European Value Retail SA are listed in the Consumer Services sector within International Main Market. Deutsche Bank have set their target price at 350 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 25% from today’s opening price of 280 GBX. Over the last 30 and 90 trading days the company share price has decreased 29 points and decreased 40 points respectively. B&M European Value Retail SA LON:BME has a 50 day moving average of 314.40 GBX and the 200 Day Moving Average price is recorded at GBX. The 52 week high for the share price is currently at 361 GBX while the 52 week low is 275.25 GBX. There are currently 999,999,957 shares in issue with the average daily volume traded being 1,445,792. Market capitalisation for LON:BME is £2,833,999,817 GBP. B&M European Value Retail SA is a United Kingdom-based holding company of the Group. The Company is engaged in variety retailing in the United Kingdom and Germany. It operates in two segments: the UK retail segment, including grocery retailers and general merchandise retailers, and the German retail segment.
anley2: I am now concerned - short term - that the delay in the Swedish government granting licenses will upset the capital sums that BEM requires to get drilling again as well as the working capital required. It is for this reason why the share price is weak and will remain so until the clouds pass and the sun shires as and when the government wakes up. There is another small problem and that concerns the oversupply so why should the government rush when they know full well that they can afford to keep Kurt on the sidelines until the commodities storm has passed. Others may have a different idea but for me I will wait and see before I buy back in again as the ore is going no where!!
football: Are Beowulf Mining plc Set To Soar? Meanwhile, shares in Beowulf Mining (LSE: BEM) have risen by 25% today and this has prompted the company to issue a statement saying that it is unaware of any reason for the significant share price move. This price rise puts the company’s shares 203% up over the last year, although trading at around 550p they are still vastly lower than their 7300p peak recorded as recently as 2011. Certainly, a number of smaller mining companies have considerable long term potential, but for most investors their larger peers seem to make more sense as investments at the present time. That’s because even they are exceptionally volatile, capable of posting major losses but, crucially, tend to be financially more secure, more diversified and arguably better positioned to benefit from any future increase in commodity prices. As such, the likes of Anglo American and Centamin appear to be better buys that Beowulf at the present time. Of course, Anglo American and Centamin aren't the only companies that could boost your portfolio returns. However, finding the best stocks at the lowest prices can be challenging when work and other commitments get in the way. Http://
football: Beowulf will beat all previous course rockets! BLOG POST WAS WRITTEN BY: HX60 (Member) 2015-11-20 09:39 Beowulf owns Europe's largest unbroken iron ore deposit with 600 million tons of iron ore of high quality. Awaiting a positive government decision any day - which inevitably leads to a kursuppvärdering of 3,000%. It has the capacity to over 5 billion in gross revenue / year for up to 60 years. SOON slams Beowulf Sometimes we miss the essentials when the subject is complex or details unclear. Beowulf is growing right now out from under the radar to become Sweden's next big corporations - most of us have missed it. Think big. Consider then even larger. Increase a little until you approach the value of the Kallak deposit. It has 600 million tons of iron ore. It is as much present in the ore fields of Kiruna. This is by far Sweden's largest deposit of iron ore that still awaits exploitation. In Kiruna, LKAB extracts the state of 25 million tonnes (Mt) per year. Kallak mine manage to leave 10 Mt / year. 40% of LKAB! This is bigger than most of us realize. The price of iron ore is historically low. Right now pay about 50 USD / ton. Kallak ore is of very high quality and a higher price, about $ 65 USD / ton. It provides gross revenues of approximately SEK 5.5 billion / year - for up to 60 years! Beowulf sitting on huge deposits, and the only requirement is a condition of the government to extract iron ore. BRIEF HISTORY Beowulf has had a long journey. The share price has peaked at 7.8 SEK 2011 and then fall back. Many have been waiting for a yes to the concession to begin ore extraction. This year, the process has entered the home stretch. Important instances Norrbotten County Administrative Board and the Mountain State have changed their recommendation from former no or maybe to definitely yes. As late as October 2015 recommended the Mountain State Government to uphold Beowulf's application for the concession. It has done extensive exploratory drilling in 2014 with a total of 131 wells to evaluate the find scope and quality. It has realigned management and established a good dialogue with the Sami villages as regards interference with the reindeer. There is now a plan to handle any disturbances and, where appropriate financial compensation. The Company has made all the right and patiently worked out a good prerequisite for a positive government decision. The government this summer announced the decision in the case will be taken in autumn 2015. In autumn ending November 30, now only remains to Government decisions. Very much point to yes. FACTS ABOUT THE BARGAIN AND QUALITY 600 million tons Kallak can be extracted about 10 million tons / year. The size of the field is mostly a matter of how many years you can drive mining in the area. County Administrative Board believes in nearly 40 years, the company believes in 60 years. Right now the price of iron ore hit a record low of about 50 US $ / t. Kallak producing ore of very high quality which gives a premium price, about $ 65 USD / ton. At 10 Mt / year will be the annual production worth $ 650 million. With a dollar exchange rate of 8.7 SEK, this gives SEK 5.5 billion. Per year for 60 years! SEK 5.5 billion per year compared to the current market capitalization of 250 million. Let's find out what it takes to market capitalization will increase to its correct value. 60 years is a long time, let us count the 10 years instead. 10 years gives 55 billion compared with the current valuation of 0.25 billion. The value of the deposit is thus 200 times greater than its market capitalization. 20.000% greater !!! This corresponds to a share price of SEK 120 instead of the current 0.6 SEK. 5.5 billion gross revenue for each year of break! County Administrative Board has the right in his 40 years there will be 220 billion total. Company has the right in its 60 year, we are approaching 330 billion! Kallak provides significantly higher quality than is usual. Here are ore with 71% iron, while the standard is around 62%. The super high quality results in higher price premium than the difference in quality. The reason is that super high quality producing ore pellets that have more uses, such as SinterCast's production. Good infrastructure There is an excellent infrastructure in place in the area - it means low costs for transporting the ore to Narvik and Luleå for shipment. Nearby Kallak is a hydroelectric plant and the available power lines. The electricity supply of the future mining operation is secured. In the area are dirt roads of good quality that can be easily upgraded and strengthened to cope with mining traffic. Inland Railway runs past nearby. By building the 40 km rail (which is a trivial issue in this context), the mine is connected to the inland path and hence through the ore railway to reach the port of shipment Narvik. Reindeer husbandry This is currently the only obstacle to a regeringsgodkännade. The debate is infected and not factual. The Sami people do not want a mine in the vicinity, whether it disturbs reindeer herding or not. But Kallaks placement interferes not really interested trails seriously. One can build wildlife bridges in some places and the result of other places fences. These are solutions that have been successful elsewhere. Reindeer husbandry will operate as before but it obviously means changes for the concerned Sami village. Beowulf has decided not to draw future transport routes through the Sami sensitive areas. Future flows will therefore not result in any significant impact on reindeer husbandry. Especially for reindeer husbandry has been proposed preventive and protective measures as a result of an analysis of the environmental impact. These measures will be further developed in consultation with the Sami villages. It would still be negative effects on reindeer husbandry, the company will establish a framework for financial compensation for the reindeer. The company has already launched cooperation with the villages affected by the mining project. Meetings take place regularly with leading stakeholders in and around Jokkmokk. WHAT IS REQUIRED FOR revaluation? All the pieces are now in place. Beowulf has done its homework. Mountain State, the Land and Environment Court and County Administrative Board of Norrbotten has spoken. They have been negative in the past but are now positive. There is a constructive dialogue with the Sami people and a concrete package of measures to limit the adverse effects on reindeer herding. The find is classified as being of national interest and will generate valuable jobs in Jokkmokk. The only thing missing is a government decision. All previous question marks are gone. All parties have said yes and recommend to the government to say yes. The previous conflict with the Sami villages are managed and no longer pose obstacles. In summary Kallakprojektet generates significant employment effects at national level, in total it is estimated 580 jobs in the municipality of Jokkmokk. The project comes under the provincial government to carry: · More direct and indirect jobs · An increase in the tax base · A slowdown of emigration and population decline The government has previously said that the decision on the issue will be taken in autumn 2015. In autumn ends November 30 - the day of Beowulf its report for Q3. WHAT HAPPENS AFTER November 30? When the government has made its decision and said yes, so Beowulf has suddenly acquired a concession that will allow them to exploit their enormous assets. Orezone went example, up 530% in a single day. The reason was that they were authorized by the Mining Inspectorate to investigate the prospects for mining. Such authorization has, Beowulf had since in 2009. Yes, government means real situation - a green light to begin the process of extraction. VALUATION I do not think the course is rushing off to a valuation of 330 billion. Reasonably could be a valuation that represents 10 years of extraction, ie 55 billion, or 132 SEK / share = 22.000%. No, so good, it will be probably not. But let us assume that we can evaluate the find to one year of operation? Or maybe only 6 months? That will put us on a share price of between 6 and 12 kronor, which is roughly the low side but still perhaps the most realistic in the short term? 6-12 kronor, the target price for the 2015th 6-12 kronor = 45-90p
anley: Well BOB310 that shows that someone in Sweden supports the efforts of the new management and the granting of the licenses soon.........and I will repeat myself again that the grant should add a 1p on the share price and that still makes all the IO in the ground worth less than £10m market cap. I am going to press the new management after a grant of license as to how they are going to increase shareholder value. To date all they have done is make sure they have got their feet under the table, granted and bought a few shares and are being paid basic salaries.......fine BUT this will has not increased the share price since they arrived as more and more shares have been issued for good reasons. That is how I see it for the moment and I really do think that once Lanstead is out of the way maybe we see 3p by Xmas and even at that price it will still be a £12m market cap company.
anley: FROM a Recent FT Artile which may help readers understand the BEM funding deal............... Aim groups look to fringe funding schemes By Kate Burgess A fringe of little-known financial institutions offering cash via complex funding schemes has been attracting more business from Aim-quoted companies – as conventional sources of finance remain closed off. But while many of their esoteric financing structures have been around for a decade or more, they have only come to the attention of certain shareholders in recent days. On May 8, Quindell Portfolio, the software insurance group, revealed a £13m equity swap derivative on its balance sheet, related to a share placing used to fund an acquisition. Its shares then fell 41 per cent in two days, before recovering, as the market struggled to assess the cost and reasons for the arrangement. Quindell, however, is not the only company to use a share placing product. A roll call of London-listed companies, particularly miners, biotech and technology companies, have signed up to similar deals. In simple terms, they work by allowing companies to place new shares with an institution at optimal moments, to minimise dilution for shareholders, while securing regular injections of cash for their businesses. These products come in a variety of forms, but among the most complex and potentially expensive are those tied to derivative contracts that are designed to insure the financing institution against share price falls. Providers of this type of finance are multiplying in London, the US, Canada, Australia and Europe. Small cap brokers FinnCap and WH Ireland recently agreed to let Darwin Strategic, part owned by Henderson Investors, market its equity financing facilities to their clients. Darwin is the latest recruit to a band of investors, including Lanstead and Yorkville Advisors from the US, offering cash-strapped companies access to regular funds in return for shares. One executive from this band – who did not want to be named – estimates that a tenth of Aim companies now use these services. "We are moving from the margin to the mainstream," he says. "A lot of companies on Aim are struggling to gain access to cash and it is impossible through more normal routes," explains a broker who preferred to be anonymous. "It has become commonplace in the resources and exploration sector which are not producing anything and have ongoing needs for capital. How else do they get the stuff out of the ground or develop opportunities?" "For Aim and exploration companies, [funding] is always a challenge. We need diverse sources. We also need investors with the appetite for the risk of E&P." The latest company to sign up is Red Rock Resources, which is exploring for gold and iron ore from Australia to America. Last week, the mining company, which has a market capitalisation of £5m, announced a Seda, standby equity distribution agreement, with Yorkville to raise up to £10.5m over three years. In essence, the miner will issue a notice of when it wants to use its drawdown facility to Yorkville, which will pay out cash on an agreed formula, often linked to share volumes. Red Rock has struck a series of similar deals with Yorkville over five years, including Sedas attached to loans paying interest at 12 per cent and Sedas with equity swaps that reduce the amount of cash Red Rock can draw down if its share price falls below set levels. The equity swaps provide insurance for the scheme providers. "We fulfil the role between seed investors and major debt financing," explains one provider. "We are taking more risk than the banks and less than equity investors. A bank would demand security for a loan to limit downside. We use the swap to limit our downside and eliminate stock market and volatility risk." Andrew Roberts, Red Rock's chairman, says: "For Aim and exploration companies, [funding] is always a challenge. We need diverse sources. We also need investors with the appetite for the risk of E&P. We are not an income-producing company and our cost of debt capital is high. Our cost of equity is even higher." Sedas allow companies to raise funds when their share prices are rising. "The time when the market usually doesn't want your stock," points out Mr Roberts. However, like so many of the companies that have taken this kind of funding, Red Rock Resources' shares have fallen sharply recently. Critics suggest the market is wary of esoteric funding arrangements that play to the optimism of executives who believe their shares can only appreciate. But today's providers say company boards have more control over the terms and can set floors on the price at which stock is placed. They also note that fees are lower and the products, including swap arrangements, are geared to share prices rising not falling, with constraints on shorting. As one broker says: "These are financing tools that can be useful if part of a range of options. They just have to be fully understood and properly disclosed to the market". So now everyone can work out how expensive this funding was. Some may say that BEM would have gone bust but the potential if that was the case could have been higher on a sensible liquidation............we will now never know.
Beowulf Mining share price data is direct from the London Stock Exchange
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