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
  -0.13p -1.65% 7.75p 7.50p 8.00p 7.88p 7.75p 7.88p 646,212 10:43:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.1 - 41.40

Beowulf Mining Share Discussion Threads

Showing 18126 to 18147 of 18150 messages
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DateSubjectAuthorDiscuss
23/1/2018
11:04
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.
andrea152
21/1/2018
17:20
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.
caradog
18/1/2018
13:46
PYC major news due soon!!!!
miahkaysor
18/1/2018
08:49
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.
cyfalafwr
22/12/2017
07:56
Nah, nothing is going to be happening here for a while. Just more dithering by the swedish govt.
induna123
13/12/2017
16:49
Very quiet here, everyone on the wind-down to xmas?
23blade
07/12/2017
18:44
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.
23blade
06/12/2017
18:52
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.
induna123
06/12/2017
13:18
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.
steeplejack
06/12/2017
11:33
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 business...........how wrong when he found everyone was against him...................now 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.
anley
05/12/2017
10:06
He can't leave as the share price would go to ZERO and there would be no legal enitity to run the business. However, he should make a statement on what his future should be.............
anley
04/12/2017
20:50
Kurt Budge, CEO, commented: "In my career, I have never been involved in a permitting process where the authorities show such a lack of willingness to engage with a company on a major application. The permitting process we have experienced has been inefficient, and our application has been passed back and forth, from one authority to another, with no questions put to the Company, nor feedback given on additional documentation we have provided, nothing. Instead decision makers choose to sit in isolation, and determine the fate of our application, misrepresenting the facts, and seemingly biased in their analysis Sounds to me like Kurt is at the end of his tether and is ready to pack it in. Don't blame him to be honest.
induna123
04/12/2017
14:08
But you have to agree I have been right all along with BEM and I mean from 1p to 60p and now going into the hands of the Swedish investors. Perhaps you are a stale bull not being able to make the SELL decision?
anley
04/12/2017
12:08
Wishful thinking?
steeplejack
04/12/2017
11:10
MORE DELAY....... and a doomed project so its not too late to sell out which I think a few stale bulls have been doing. How come the whole venture still has a M/Cap of £30 million with no income not a great deal of cash and no prospects?
anley
04/12/2017
07:52
Very good statement by Kurt Budge but nonetheless,it could prove something of a death rattle.The criticism of Swedish bureaucracy is well made and to the point.The goalposts have moved over the last five years from a straightforward request for mining approval to a more wide ranging debate about whether mining per se should be permitted in North Sweden in the Laponia environs.All that extra form filling requested by the CAB has been little more than a time wasting exercise.It seems unlikely that the CAB ever intended to recommend Kallak in recent years.Quite what triggered the Damascene experience for these small town officials will remain a mystery but (whether you agree with their concerns or not)these jobsworths expanded their remit beyond reasonable expectation.I expect the Swedes will now call a Time Out on the whole debate.There's a hopeless lack of clarity.
steeplejack
01/12/2017
16:24
Well folks after over 10 years of holding and hoping I've just dumped my last 115000 shares at a massive loss. I think I paid as much as 60p for some of them. Yes the Swedes have given BEM 2 fingers for years and now it looks like this Nordic saga is coming to a close. Sincere best wishes to remaining holders. p.s its not my day as TERN crashed today too!
nashwan123
01/12/2017
11:08
So much for Sweden being a "Mining Friendly Country" , according to their press blurb in mining jurisdiction circles. As I've said all along , its "Sweden for the Swedes" and until this is an entirely Swedish - Owned Company, (or LKAB have bought it from the Administrators for nothing) then nothing positive will happen to BEM and their Licence Concession. It is a severe warning to future Non-Swedish Mining Companies "Stay Away" ! As Anley has said all along, this is a VERY overvalued Company at present. I would give it a Mkt cap of £5m and no more, at present, which wud b about 1p/share. It does not have enough cash to survive more months of Swedish Bureaucratic Stalling and the Graphite is virtually worthless, IMHO. IMHO. DYOR. GLA.
andrea152
01/12/2017
10:53
BEM have concentrated their attention on their Finland assets of late which coincidentally implied that they harboured doubts as to whether Kallak would ever come good.It's possible that the Mining Inspectorate may ignore the opinion of the CAB and environmental agencies but I'd be surprised.As for the economic case,there's not a global shortage of iron ore the last time I checked.This is a tricky one for the swedes.The country,of course,has a long history of iron production.During the Second World War,neutral Sweden made a pretty kroner by selling ball bearings to both the British and Germans.The Kallak submission clearly ticks all the boxes and if Kallak is turned down then you can almost certainly kiss goodbye to any new mining in North Sweden.The five year Kallak prevarication by Swedish bureaucracy will become infamous.It's an absolute disgrace really and BEM should seek compensation but I doubt it'll be forthcoming.
steeplejack
01/12/2017
10:32
Well you lot have been warned by me over the past months to be careful and now look at the mess. Whether or not there is a final resolution to the IO Licenses the mine under the current management will be unable to raise the funding and the value of the graphite mining again will never take place. BEM is, in my view, a very over valued share.........£;34m market cap!!!!!I would say that 1p is now a better price to be looking at. Stop and think and if in doubt go and talk to the brokers and the director and see what they say. So finally what a great example of FAKE or FALSE news yesterday.
anley
01/12/2017
09:24
Oh I see. Nasty.
boris cobaka
01/12/2017
09:20
bc, there was a brief RNS yesterday after market close.
caradog
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