Beowulf Mining Share Discussion Threads

[anley] 12/9/2014 10:38

There are always buyers for distressed companies and BEM is a distressed one.

At LESS than 3p it is a pure "shell" punt - option money BUT if the Mining License comes through and CSP then starts to tell us another story we will need to see what the market has to say - will it be 4p or more????..... and the share price will reflect the poor price for Iron Ore for the moment as that is not the factor as many more licenses are needed before production can ever start in Sweden.

Come on Clive tell us a little more about the two new directors who are going to get us our capital back........you said you would a month ago.

[steeplejack] 11/9/2014 13:23

With Goldmans declaring the "end of the Iron Age" and predicating little upside in the iron ore price til 2018,this stock looks like a dead duck with a SEDA albatross round its neck.It's difficult to see any upside here.

[anley] 11/9/2014 09:27

Thank you for those posts which seem to underline all my thoughts about the current board and of course their advisers.

I did warn everybody a few posts back what the MM will do and how the brokers will be left with stock. Whatever the outcome there are two outcomes:

1 Someone will be watching and waiting to take this badly run business over but at a price which many will not like

2 A joint venture type of partner will come along and rape the shareholders but will want to keep the share price

That is how I see it unless someone else has a better idea as to the future.

One final thought or two........do not look or mention the price of iron ore as it will be left in the ground for years to come - 5-7 years at least. And who are the two new directors - one of which I believe failed to raise capital for his last mining venture.

BEM is a SHELL company with a big shareholder with 26% in full control with Cantor's the brokers............please apply to them if you want to buy the stake.

[abergele] 11/9/2014 09:04

Hey Nashwan,
that's a bad position to be in,I have heard worse from people with other shares,
but that's no consolation to you.
I personally believe we will come out of this,better than now,but it will take a year or more because of people positioning them selves to extracate at different levels no doubt,...we have had this problem for 4-5 yrs with EME,so hang in for compensation to come..imho

[nashwan123] 11/9/2014 08:41

I am £30k underwater-what a fool! I can't bring myself to turn a paper loss into reality and so live in hope someone will take BEM out as a going concern.The only benefit is that one day I may be able to realise BEM as a massive tax loss to offset some more profitable investments such as TUNG. In short I will subscribe for my entitlemnt of 5000 shares.GL holders.

[bob310] 10/9/2014 21:29

hxxp://www.euromines.org/sites/default/files/content/files/swedish-and-polish-contribution-eu-raw-materials-initiative-presentations/annex-8-groening.pdf

see vision of the future in Sweden.

[reggie123] 10/9/2014 18:43

Seems a fair comment Superslob...new lows on a daily basis I don't BEM have the finances or general know how to ever get this out of the ground. I wouldn't trust Clive either but I'm so under water, I might as well leave what little I have just in case a miracle happens

[superslob] 10/9/2014 17:13

Unbelievable....now cheaper to buy in the market than through the offer! Don't believe I'll do either, though, as it no longer seems like we're investing in BEM, but rather helping to pay undeserved salaries to a BOD who want us to do as they say not as they do.

[abergele] 09/9/2014 21:10

Anley,
I am well under now, so taking a few to get an average somewhere ,
even if it's just a vote of confidence ..gla

[anley] 08/9/2014 17:28

Thank you for your post.

I have no interest in hearing the same old speak from CSP. I and others have heard it for over 2 years so why should anyone else bother with him?

The underwriters will take up what the shareholders don't want but for me I have not applied for any additional share only taken up what I was offered.

Sometimes it is better to buy at higher prices when the facts and future become clearer but for now all I want to see is a Mining License.......and then I will judge if BEM are a buy..........in the meantime the MM are keeping the bid at below 3p - they do not want stock at the moment.

[loading] 08/9/2014 16:35

What Level Of Interest Will Beowulf’s Private Investors Show In The Current Open Offer? - BEM - Today, 4:35 PM

[anley] 03/9/2014 14:11

This is the only piece from the article which is worth reading - the rest is typical enviro speak.............


"Further west, work to relocate Sweden’s most northerly town Kiruna to make way for what will be one of the world’s biggest underground iron ore mines is expected to start next year. All 23,000 people, 3,000 buildings, schools, churches and hospitals will be moved a few miles east but already the company LKAB has said it wants to make the mine bigger.

Last year the Swedish government said it planned to treble the number of mines in the country.

Australian, American and other mining giants have descended on the Kiruna region where several mega mines are planned. One, by British mining company Boewulf, hopes to mine 10m tonnes of iron ore a year for 25 years, providing hundreds of jobs.

The iron ore mine, operated by LKAB, Sweden's state-owned mining company in Kiruna, Sweden, on August 21, 2013. Swedes living in the Arctic town of Kiruna are packing up their belongings before their homes are bulldozed to make way for iron ore mining driven by Chinese demand. The iron ore mine, operated by LKAB, Sweden’s state-owned mining company in Kiruna, Sweden.

Opinions are polarised, with Sami communities protesting strongly, and others saying the region urgently needs investment. “The [Boewulf] mine and its infrastructure threatens to devastate the conditions for reindeer herding in the area, says Jonas Vannar, a spokesman for the Sami community. “This project endangers our entire existence.”

“It’s better for the company to abandon this project immediately in order to avoid additional costs and stress among the reindeer herders,” said Mattias Åhrén, head lawyer, human rights unit, Sami Council.

SO the gamble is heads you keep 3p OR the price goes to 6p to double your money because the Mining License is granted by the end of 2014.

That is how I see it...............

[zangdook] 03/9/2014 12:32

Can't even spell Beowulf.

[superslob] 29/8/2014 18:36

I'm assuming - though by no means certain - that he meant indifference/little interest from current/future shareholders rather than potential buyers of the ore, and I was assuming he's come to this view by looking at the depressed share price (He conveniently ignores Lanstead effect and his own aversion to buying amongst other things. Incidently, who would buy into a Co simply because someone's worked hard on a lengthy report, particularly when recipients of said report are just about the only people in the world who operate more slowly than BEM!!)

Overall, though, I felt better after reading RNS than before, despite above not reflecting that, as I'm more confident of a prompter granting of the Mining Licence than before.

[anley] 29/8/2014 15:01

A quick read over lunch today revealed all that CSP need have said in his report to shareholders - please read allowed for the full effect to sink in.

Kallak North and South

"Excellent test results from Finland showing the sheer quality of our magnetite at Kallak North were met with indifference while all the effort put into a 360 page environmental report needed for our mining license application resulted in little interest"
.
What are and how will the two new directors be able to help to raise the millions needed for CSP dream? One of the new directors failed with his last venture so when we poor shareholders are given more information about him will this be mentioned?

Does anyone know anything about these new directors and were they found by the brokers - Cantor?

I see that what I said about the share price and how the MM would operate is correct so at the moment there is little incentive to buy the shares at 3p.

Sometimes it really does pay to buy at higher prices when the market is encouraged by results. But there are no results yet......... the first must be the Mining License.

That is how I see it......

[reggie123] 28/8/2014 15:46

The confidence of shareholders is reflected in the ever falling share price. Clive will make you poor....unfortunately, he's still drawing a salary and bonus most of us can only dream off.Now who's stupid?

[anley] 26/8/2014 15:47

I am afraid not as he the type who thinks of No 1 and not the shareholders.

[23blade] 26/8/2014 15:25

Anley, did you get a reply to your email to CSP? Assume not as he has rarely replied to any of mine.

[anley] 25/8/2014 09:53

For those of you who are interested in NORTHLAND's Iron Ore developments the following comment should be of interest...........

Northland is a producer of iron ore concentrate, with a portfolio of production, development and exploration mines and projects in northern Sweden and Finland. The first construction phase of the Kaunisvaara project is complete and production ramp-up started in November 2012. The Company expects to produce high-grade, high-quality magnetite iron concentrate in Kaunisvaara, Sweden, where the Company expects to exploit two magnetite iron ore deposits, Tapuli and Sahavaara. Northland has entered into off-take contracts with three partners for the entire production from the Kaunisvaara project over the next seven to ten years. The Company has also finalized a Definitive Feasibility Study ("DFS") for its Hannukainen Iron Oxide Copper Gold ("IOCG") project in Kolari, northern Finland.

ARE the two new directors able to help...........we shall have to see.

[anley] 22/8/2014 13:12

More to the point have you read that BEM and Lanstead have agreed to defer settlements under the existing Equity Swap Agreements (ESA) until the completion of the new ESA.

So for £1m - BEM gets £150,000 for working capital - payment of salaries etc and £850,000 is put aside for the ESA.

The strike price is 4p so with the share price at 3p you can now see why BEM is not going to get any uplift in value.

Lanstead own 26.61 and assuming the underwriters are left with the balance the company is now controlled by the City who should be honest and come out with a new valuation - mine is 9p - half of the 18p Cantor put on the company.

I do hope the two new directors know what they have let themselves in for as this company stumbles from one month to the next with little capital coming in and remembering that the snow will start to fall in October and drilling will slow down even further as little is going on as I write.

CSP - what have you done and why not move to one side and find a real General of Iron Ore Development!!!!!

[superslob] 22/8/2014 12:26

M-Don, good spot. Whilst it doesn't totally exclude it still being possibility of a director selling in advance of rec a placing holding - think of number of times institutions have done just that - it definitely lends a lot more weight to the latter possibility we mentioned above.

[m_don] 22/8/2014 01:10

Superslob,

It cant be though, as the placing shares don't come onto the market until the morning of the 22nd. So im guessing it's the latter.

[superslob] 21/8/2014 17:41

Anley and novicetrade68, the trade I ref to went through at 9.51am and was definitely a sale. All I can say is that it was either one of the 2 new directors or it was another seller/shorter purporting to be that director for purpose of instilling fear/undermining (the nearest we're going to come to mining) confidence.

[anley] 21/8/2014 17:17

I am also wondering where he found the two new directors as well as why he has not put some of his money buying BEM shares instead of propping up AGRI?

ALSO

Cantor Fitzgerald places its target price under review, while keeping a buy recommendation.

This means that the 18p price they set is no longer justified and should be halved to say 9p - any views while you all contemplate taking up your rights over the weekend????????