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Beowulf Mining Share Discussion Threads
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|Living in Jokkmokk is to live with nature. Being a part of something big, beautiful and alive. That is why we have chosen to live and work here. For the same reason, it would be completely unthinkable for us to support a business that does not have a long-term sustainability spat or take into account Jokkmokk's natural values ??and heritage. Otherwise, we would never be behind the intended mine, as we do now. Many believe that a mine excludes a prosperous nature or a well-kept cultural heritage, but it is not. There are very good conditions that valuable natural and cultural interests can live side by side with a mining industry in a lasting and sustainable way. The mining company Beowulf has repeatedly expressed its wish to develop, with Jokkmokks municipality and other actors, including the partner villages who want to participate, a responsible and environmentally conscious mining that contributes to sustainable development throughout Jokkmokk. The mining industry is a very important basic industry for Sweden. The ore production accounts for 40 percent of Sweden's net exports and today we are the largest iron ore producer in the world. In addition, the government has appointed the Kallak mining area to be a national interest in its enormous mineral content. We now also know that the mining industry does not directly affect the world heritage Laponia. Jokkmokks business and municipality are working hard to attract foreign investment, but elaborate state processes, like this, do nothing to help. We must manage this opportunity now that we have the opportunity to develop Jokkmokk into an attractive and viable place. It is important that we see this for what it really is - a unique opportunity for growth, where diversified business coexists with heritage and nature. The investigation made by the county administrative board also shows that the mine will be of major socio-economic significance, both locally and regionally. Kallak can change Jokkmokk and give us the thriving economy we need that can support infrastructure and public services like school and care. This, together with the fact that the mining company meets all environmental requirements, makes it a good chance for Jokkmokk to say no. In the end, it is all that we all wish Jokkmokk the best. Let's do the right thing and focus on the future." Tony Kvickström, BDX Johan Rydström, PICAB Real Estate Tony Sundberg, Lapland Electricity Service David Enbom, MECON Matts Tikka, Tikkarace Roland Kvickström, Kvickström & Engström Building Anders Granström, Hägglund & Granström Aron Granström, SWEBOR STEEL Jörgen Lindqvist, Lindqvist real estate and service Peter Lindqvist, Jokkmokks Plate and Ventilation Service Lars Lundström, Vuollerim painting Berggren & Bergman AB Stefan Helmvall, Lappland's|
|Iron ore is going backward in price for the foreseeable! under $50....and the longer this goes on the nearer to a placing!! funding is needed. If they drop back to 3p would not be surprised, and they could be worth a punt then.|
|Read carefully all the posts on what the Swedish government is doing to BEM and then work out the worst and best case senerio - should you be a shareholder?
I have been an original shareholder at 1P and sold at 8p. I bought back a block at 5p and sold these between 20p and 50p. My final deal was at 2p to sell at 4p and that was a year back.
I have been to Sweden to look and asked everyone to download the box set of Midnight Sun............
and do not forget that even if the licenses come through it will be 7/10 years before you ever see a payback................you must look carefully at what is called the "mining circle"
|How do you work that out check the graph above,|
|.....and shareholders are being stuffed but they don't realise it............|
|Absolutely Caradog.Is another iron mine at Kallak an economic imperative for Sweden?Given the current state of the global iron ore market,environmental concerns have have in no way been compromised by a pressing economic need for another iron ore mine at Kallak.|
|I wonder how much the CEO knows about the railway he proposes to use to transport the ore to Narvik or Luleå, when he can't even spell Inlandsbanan correctly. The railway from Jokkmokk is inadequate. It is not electrified, has inadequate signalling and doesn't have anything like the axle load capacity required. Even the Malmbanan may need heavy investment to upgrade it to cope with extra ore-carrying trains.
Who is going to pay for this? Beowulf? I can't see the state investing a lot of money to support increased private iron ore production at the risk of undercutting their own deep-mine operations at Malmberget and Kiruna. From the point of view of the Swedish state, the best time to exploit Kallak would be when production costs at Malmberget begin to render it uncompetitive.
Delay seems a reasonable policy for the Swedish government. Expect more of it.|
|The Swedes are finally stuck up a gum tree.They have no reasonable excuse ethically or economically left to refuse the permit.They are in danger in putting off potential investors for other projects with their prevaricating.This is meant to be an established civilised country adhering to good democratic practices.
Well not long now then?|
|Here we go, more dithering. It seems they are looking for any excuse not to permit this mine.|
|Fine but not sure the point of it unless they can do something and besides how about taking a synical view and say its the Sami who are big shareholders......!!!!
Don't forget all of you to look at MIDNIGHT SUN...........|
|I have to point out that over half the shares are held in Sweden.
|This does not look like a very tenable position at present. I still maintain that Kallak will only proceed when a Swedish Company either signs a JV with BEM, or takes over BEM completely, for not much money.
The Swedes hav a habit of not allowing Foreign Cos to mine their mineral assets and I don't think that this is going to be any different. Not sure where that leaves shareholders in all of the above, but dilution has to be on the cards somewhere along the line & it won't be KB who is ultimately calling the shots.
IMHO. DYOR. GLA.|
|the next price is 5p when people or should I say speculators wake up and realise how a government has got BEM all tied up...............
For those of you who like Scandia Noir I do hope you have watched MIDNIGHT SUN....there is a box set that can be downloaded BUT its all ablout the SAMI.
The SAMI have it....................the SAMI have it...............just watch the episodes and after you have finished you will be selling your shares as there are too many vested interests in the Sami people and their land, which they once owned but was taken away by the government...........its like the red indians in the USA.|
|I have failed to see any reference to a time period in the announcement. Perhaps you might elucidate, anley.
|This news does not sound GOOD...........another delay for a year all in the hope that the company will be unable to raise more capital and will eventually go away..............and don't be fooled with graphite......its not that profitable either.
The BEARS have it,,,,,,,,,,,the BEARS have it............|
|Price looking weak. Is news breaking in Sweeden?|
|Nash, Im guessing those others aren't in stable countries or have the same quality like BEM? So I Would say BEM. Then again Sweden hasn't proven itself to be the most capable when it comes to permitting IMO.|
|Never mind,we've broken through the 9 ,13 and 50dma's,so all bodes well for the next target, Monday the 25 dma,at 10.5p,
through there and were ok for a steady lift,fingers X'd the sellers don't ruin the party again..gla lth's|
|FCR, £3.5m mkt cap. 2 mining licences & twice the iron asset size of BEM plus 8m tons of Zinc in Spain , on the side ?
|nash - BEM?|
Beowulf - £48m mcap (no ML yet)
Amur - £46m mcap (with ML)
Both have no revenue other than placings...
JLP- £58m mcap (with ML) - rapidly growing revenue stream
I know where I would rather be.|
|Strange but most mornings premarket were always up 6.5% to 7.5% just wish it would carry on through the day
And also how it spends most of the day going in and out of auction without any trades|
|Ever since Kurt came on board it has been delay after delay so I continue to sit here waiting to buy should the management sort out a deal - JV or otherwise....|