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
  +0.00p +0.00% 7.10p 6.70p 7.50p 7.10p 7.10p 7.10p 104,126 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.0 -0.2 - 37.93

Beowulf Mining Share Discussion Threads

Showing 18126 to 18146 of 18150 messages
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I also don't understand why BEM still has a £40m mkt cap ,in the UK mkt, when none of its projects are funded are even licenced in the case of Kallak. Similar Companies at a similar stage of development tend to have Aim-Listed mkt caps around the £3 to £5m level, which wud imply that BEM is currently around 8 times over-valued ? i.e. Price shud b 1p and not 7p ? One for the VERY VERY brave I think !! IMHO DYOR. GLA.
Read through the following and ask yourself - why is BEM any better than the competitors below as many of them are suspect..........
good response from Kurt
Also Grpahite becoming less useful for EV's as latest gen of Batteries use more Nickel & Cobalt than Graphite & Lithium. So even the long-term end -user demand may not be there ? I also think that Kiruna, just up the road, with 80 years of high-grade Iron reserves left, makes Kallak a pointless exercise until Kiruna is nearly exhausted - It's just not needed, and the Swedish Govt. know that. IMHO DYOR. GLA.
OK so lets assume it is as the question then becomes who and how will it be financed? Shareholders will be diluted to nothing and the graphite mines will be worthless as the material that will be found may not be of a quality that manufactures of graphene want. Think again..............
Followed for years done plenty of research and the Kallak license is still a possibility if not a probability
NO, and they won't get a mining licence at the Kallaks either. End of story. IMHO. DYOR. GLA
I see BEM is spending capital on some graphite drilling.........well it will be interesting to read the results BUT the big question is who is Kurt going to sell this stuff to? Shareholders should be told just what this material is and what can happen to it BUT the problem for BEM will be price and therefore profit.........I will warn everyone that this venture for the company will be a loss maker as there is sufficient graphite in the world to satisfy demand for years to come. The Chines have it on there doorstep and Sweden is mining it as is the country that used to be called Ceylon and that is of high quality. So I urge shareholders to look into GRAPHITE and ask themselves - can BEM make any money from this stuff?
Well at least the MI response wasn't negative, would have liked Asa to back it fully but I guess that would be asking for too much. I liked this bit: "The mineral resource underlying an application for a processing concession is the known part of the mineralization which makes the deposit likely to be economically profitable and THAT THE APPLICATION CAN BE GRANTED"
MI report out and LSE site all a flutter this morning trying to get a good handle on what exactly is being said.Detail might be lost in translation but the suggestion seems to be that the MI are questioning some of the basic assumptions in the approach to assessing Kallak.The mine is likely to have a life longer than 14 years.The mine might well be larger than presumed and Kallak encounter a wider variety of minerals.The MI appreciate that Kallak will be profitable,more profitable than some existing mines.Those seem to be the salient points but we'll get a response from BEM I presume.I reckon the price is going better on the Finish findings.I agree with Caradog,I think the Swedes will continue to prevaricate over Kallak.BEM would do well concentrate their energies in Finland and with these recent drill results almost certainly will.
Well said Caradog, you have hit the nail on the head IMHO. Why develope Kallak when Kiruna Town has just been moved and a new shaft opened ? The Reserves there are projected to last for another 80 years !! (AND all of the transport infrastructure is firmly in place). Kallak is simply too small and not needed and NOT run by a Swedish Company, which it will hav to be before it is ever allowed to mine at Kallak. IMHO. DYOR. GLA.
Cyfalafwr - Sweden does not need foreign capital to develop its mining industry. Of the four iron ore mines in Norrbotten, two underground mines and one opencast mine are wholly owned by the state, and Kaunisvaara is just getting going again in largely Swedish ownership. The Aitik copper mine is owned by a Swedish quoted company. I was in Jokkmokk recently and the impression I get is that less than half the population are in favour of a mine in Kallak. Beowulf has not understood the local culture, nor has it, in my view, been realistic about the environmental and financial implications of putting the necessary transport infrastructure in place. There was a hue and cry in the UK when a proposal to put a tunnel UNDER Stonhenge was put forward. Imagine what it woud have been like if they had suggested opening an opencast mine nearby. That's how culturally sensitive it is, and BEM got off on the wrong foot from the start. I don't think that this is properly understood, even in Stockholm. I expect there will be a mine, eventually, but I can't see why the Swedish state would push for this before Malmberget or Kiruna become less productive or ore prices rise significantly.
PYC major news due soon!!!!
A bit of a rise today on no news. The people who are opposed to a mine ,in my opinion, are trying to use any form of delay tactic in the hope the company runs out of funds and eventually give up.We cannot fault Kurt's determination in the way he has dealt with all these obstacles , some would have given up. This does not help Sweden if it wants other companies to invest in their country.
Nah, nothing is going to be happening here for a while. Just more dithering by the swedish govt.
Very quiet here, everyone on the wind-down to xmas?
Kurt is very determined, make no mistake of that. He will make his case as he always does in a professional manner but at the same time pointing out how flawed the CAB's response is. The talk of him moving on is utter fabrication, he wants to see this through to a positive conclusion. The government will see through the CAB's feeble response and award the license IMO.
I see Budge has been on the board since Sept 2014 so just over 3 years, not 5 years. I just got the feeling from the recent statement he made that he sounded frustrated, exasperated, and virtually-castrated by the swedish goverment. I wouldn't be surprised if heads for the exit door in 2018.
You're a tad pompous anley but as an x member of the London Stock Exchange,I've come across a few who are not overly displeased with themselves.As for family clouding my judgement,they had nothing to do with it.
Investing is a hard game Steeplejack and you have brought family in to this which is wrong but that is OK with me but has clowded your vision. I first spotted that something was wrong when Budge came on board and got rid of everyone who had been involved before the removal of the second CEO. I wont go in to that except to say that he thought he was the great miner who would be able see that BEM became a great mining wrong when he found everyone was against he has a choice...........carry on and take the blow ..........or GO and leave the business to fold in to the hands of Swedish investors. I do not have a short position as in 50 years of investing I have never been short but as a former shareholder I do like to keep an eye open just in the case. I am not bothered to shout on the LSE site but thanks for thinking of that.
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