Beowulf Mining Share Discussion Threads

[breaktwister] 09/7/2014 13:12

I rode this from 6p to 70p last time and I too have not looked at the company again until now. The sub 3p price interested me but I will be examining dilution before deciding if it's worth another punt.

[cyprussteve] 07/7/2014 18:15

Hi ss,
The timing of my post was purely co-incidental - I just looked in for the first time in a long while, and briefly read the most recent posts.
I recall anley from long ago, and I fully agree his views are invariably worth reading.
I am thinking of buying back into BEM - but, whilst one can NEVER be sure,I don't feel sufficiently confident as yet.
That heing said, I sincerely wish you all best wishes - I am but a simple PI, and my judgement is no better than anyone elses.
As I have decided against at present, that almost certainly means that you should take confidence, and the share price will double tomorrow - so, I can eat humble pie, and you will all be basking in the glory :)
Regards
Steve

[superslob] 07/7/2014 17:40

CyprusSteve, thanks for clarifying, but I think Zangdook almost-certainly speaks for most of us there. Indeed mainly as a result of Anley's invitation to post criticisms for Q and A at the AGM, we are trying to change things for the better/obtain answers to our concerns, hence surprise at timing and content of your post.

I guess i don't equate our criticism of CSP with an unwillingness to take responsibility for buying in 1st place/not selling now.

Good luck to all of us!

[zangdook] 07/7/2014 16:55

What I don't understand is why some people stay invested when they clearly feel misled and lied to by CSP

Because BEM is not CSP. People invested in the company and its assets. If they don't like the way it's being managed there's no more obligation to sell than there is, say, to leave the country if you don't like the government. You can campaign for a change instead - either of government or of policy. Or you can sit around in the pub and grumble.

[cyprussteve] 07/7/2014 15:22

Hi superslob,
I never once mentioned the word "fault" in my posting - what I am talking about is taking responsibility for our own investment decisions.
To me it is simple - if I lose faith in the management, then I sell - albeit at a loss - if I think my money can be better used elsewhere, I sell - of course, like all of us, I often get it wrong, but, if I lose confidence in the management, I am away.
What I don't understand is why some people stay invested when they clearly feel misled and lied to by CSP - that to me makes no sense at all.
However, I fully accept we all see things differently - and long may that continue.
Anyway - nuff said -
Good luck all holders.
Steve

[anley] 07/7/2014 12:50

The Iron Ore is there but there is No mining license and that is the problem. Its as simple as that..............so why should anyone be interested in BEM until this is resolved.

Was Lanstead and the shareholders aware of this problem and that goes for the all the other problems which the company has had to bear - could it have all been resolved in other ways?

So questions have to be asked and very good answers need to be given to all shareholders and that is one of the principal reasons I am going to the AGM this Friday.

Remember Harry Truman the Yankie President - he had a sign on his desk which said....

THE BUCK STOPS HERE - is that not CSP position?

[cyprussteve] 07/7/2014 11:39

Hi anley -
No, I am not still a shareholder - bought at around 3p a few years back, and was fortunate enough to have sold mainly around 40p. As always there was a lot of luck involved in my timing - I never thought for a minute it would make me a 13 bag profit !!
I still take a close interest though - main problem is I fear a major funding may not be so far away.
And no, I don't agree that it is right to always criticise CSP - in my view he is the same CSP he has always been - people should look at themelves for investing rather than trying to criticise others. It is our decision - CSP never forced you to invest - if you think it is badly managed, get out - even at a loss - makes no difference - why hold for no reason ?? - however, if you think it is well managed and will come good, then hold on.
Three years ago I bought because the market cap was ridiculously low - ( below £1m if I recall correctly ) - and, then market sentiment took over - now, I am not so sure that the market cap is particularly low - and I reckon Clive may have had little choice other than go into the Lanstead deal - we are fairlysure it was not a great deal, but, it may have been the only game in town.
He does not hold a single share now - nor has he ever done - only options.
However, I continue to watch closely.
Regards
Steve

[superslob] 06/7/2014 20:28

Putting aside fact that some people weren't holders 3 years ago and the world was lucky enough not to have Lanstead inflicted on it back then and that CSP hadn't rewarded himself with c £100k bonus when majority of share price was wiped out etc etc, surely it's only right that someone who receives praise when things are going well
also gets criticised when things are going badly.

Unfortunately, CSP carries on as though every success is down to him and every setback is someone else's fault, even on those occasions when we're basing expectations on his guidelines/interviews RNSs etc.

[anley] 06/7/2014 11:51

Welcome to the debate CYPRUSSTEVE.........long time no hear so are you still as shareholder?

[cyprussteve] 06/7/2014 01:06

I understand all the above points - but, tell me , why was nobody criticising CSP in the same way some 3 years ago when the share price went from 3p to 60p in about 6 months,
In those days he was being universally praised.

[superslob] 03/7/2014 19:01

Thank you! I had assumed that you had most of it covered from when you invited Qs a little while back, but I don't think anything was quite mentioned on lines of above.

[anley] 03/7/2014 17:15

I shall be asking CSP all about the Lanstead deal and hope that the broker to the company is also there as they were the one's who introduced them to BEM.

[superslob] 03/7/2014 16:22

FAO ANLEY (or anyone else definately attending AGM) can you ask CSP if there's anything in the Lanstead deal that precludes BOD from buying shares? If Lanstead can act to our detriment, why can't BOD act for our benefit by buying and instilling some much-needed confidence and, in turn, improving amounts we rec from Lanstead?

Can CSP GUARANTEE that Lanstead won't be used for any future fundraising? (their present dispicable behaviour shouldn't be rewarded by further business IMHO).

[frogkid] 01/7/2014 17:58

Hi anley, I will be there. I want to get a close look at this puffed up popinjay CSP and look him right in the eye, then I will know.

Frog

[superslob] 01/7/2014 17:16

Anley, thanks for your reply which I've duly voted up!

[anley] 01/7/2014 15:54

Lanstead hold a 25% card and Bruce Rowan and his wife a 7.5% card and the directors hold none.

So between Mr and Mrs Rowan and Lanstead these two parties hold 30%+ = control. If someone were to offer Lanstead a decent return I believe they would sell. But knowing little of the background of the Lanstead gang (ex J P Morgan) who knows what sort of deal they would want!

If the shareholders think that the board is not in control of events then there should be a board reshuffle. But will the big shareholders allow this?

So what is the key to opening up the potential?

Follow the formula that Alderon Iron Ore Corp - Ticker ADV on the Canadian Exchange. I have mentioned this before in posts.

Everyone agrees that the IO is there and in commercial quantities - can it be dug up to produce a profit and verified to a commercial lending bank - and is there a commercial board that is able to manage and repay the lender? Yes to the first and No to the rest in my judgement

I will raise all this at the forthcoming AGM and urge as many shareholders to attend and ask questions of the current management.

No mining license = No business

[superslob] 30/6/2014 18:20

Anley, I'd go so far as to say that's the reason for today's fall, but I think reggie's short post is a fair one to explain the constant hitting of new lows.

All the reasons we've mentioned before such as CSP, Lanstead, inability of so-called pro-mining Swedes to make a decision, lack of director buys, uncooperative Samis and even IO price (although not relevant for several years)etc etc.

It's bad enough if it were only external factors against us, but when it's internal too it's hard to see much light at the end of the tunnel.

Incidently, who do you feel hold all the cards here CSP or Lanstead and who do you believe would be easier to remove? (assuming suitable replacements could be found for either/both) Do you believe they've got each other's backs?

[anley] 30/6/2014 17:04

SUPERSLOP..........

Do you think that what you have said is the reason why the price has fallen to a new low?

Thanks

[buywell2] 30/6/2014 12:01

Perhaps a change of sector eh ?


Use Flash link after entering details to listen

[superslob] 30/6/2014 11:46

Decision delayed until Oct, according to LSE. Seems local politicians have only just realised the summer hols are soon to be upon us and this will be problematic in convening a meeting.(They conveniently don't mention fact they've already had 2 or 3 months to have formed an opinion)

Pathetic, but typical of what we have to put up with!

[anley] 30/6/2014 10:41

1.5m shares have changed hands and that means the company gets less cash from our big shareholder..........what a bum deal!!!

ANY SIGN of the MINING LICENSE........perhaps there will be some news at the AGM?

[ianpuddifoot] 22/6/2014 16:50

No I bought in at 3p