Beowulf Mining Share Discussion Threads

[23blade] 17/6/2015 21:50

More questions anley...

8. would Kurt Budge, dismiss any suggestion that he has been involved in joint negotiations with both the government and a potential partner(s), with the purpose to secure a partnership deal, and that some issue(s) still remain unresolved?

9.if no dismissal, then does he think that BEM will secure fair value in any future partner/sale deal?

[23blade] 17/6/2015 21:34

Thanks anley - see below from PI's on LSE board, I will let you prioritise as guess you will have limited time and also have your own questions to ask:

1. Are you going for jv deal and production or sale?
2. Have you been approached by an interested party for jv?
3. Are there any issues that need to be resolved before exploitation licence awarded?
4. What is the delay from Swedish government caused by?
5. Due to the ANI status of Kallak, would the Environmental Permit application be able to be fast tracked, once you receive (all being well) the Concession Licence?
6. Who will you we be approaching for the next cash call, considering the deal with Lanstead is no longer current?
7.When will you next need to raise further monies and plans?

many thanks

[anley] 17/6/2015 14:49

I suspect the new blood is the person who signed off the last RSN.......will ask at the AGM..........

Has anyone got questions they wished to raise and I will do so on there behalf.

Just post them on this BB please.

[23blade] 12/6/2015 20:58

jan was good but it was always a question of when he would go due to his age, Kurt is switched on so has my vote in terms of finding a suitable replacement.

[superslob] 12/6/2015 17:55

Wished he'd have supported BEM earlier re share purchases rather than belatedly via Budge's recent initiative re BOD taking part of salary in shares.

Hope the news is indicative of new blood needed once partner in place!

[anley] 12/6/2015 17:01

The last of the Musketeer's dies.............!!

[23blade] 11/6/2015 16:55

Interview with Kurt:

hxxp://brrmedia.co.uk/event/138933?popup=true

[m_don] 09/6/2015 22:46

I wonder why? lol

[lamanai] 09/6/2015 21:52

Although the granting of a mining licence would provide a much better opportunity, wouldn't it Steve? Seems to be a lot of negativity amongst posters who were previously unrelentingly positive whilst they were holding.

[danielmiller1] 08/6/2015 18:28

WHATEVER THE RNS IMPLIED TODAY WAS ANOTHER NICE LITTLE EARN OFF BEM

IT JUST KEEPS ON COMING!

[cyprussteve] 08/6/2015 16:52

Hi anley,
In fairness, Loadsamonay did NOT say at any time that it was a bad RNS - simply that it had several vague areas, which I agree with.
There are still many questions that need answering.
This share price increase may well provide the Company with an opportunity to make a reasonable size funding to continue exploration - as I am sure this will be neccessary at some time soon.

[anley] 08/6/2015 16:45

Forgive me but I really do not think that you can compare the old with what the new management is doing at BEM.

I and many others will find you wrong but what Kurt Budge has done to put this business back together is excellent and the torment they now have to go through to get a RSN approved is tough..........not like the old management which was not up to the job.

If today's rsn was as bad as you paint it then the shares would not be where they are.........sorry but that is my view.

[loadsamonay] 08/6/2015 14:42

I'm not invested just now, so don't really have time to spend on it Anley. The fact that we have to ask the question speaks for itself I believe. But feel free to ask. I remember the previous rns predictions of 600 million tonnes of jorc'd ore, and note that we're now at 118 million tonnes indicated + 33 inferred, of which total of 151 an unknown portion is hematite, rather than magnetite, which cannot be processed (commercially at least I think).

The mining licence may well be granted, this week, but I'm not holding my breath as hell may well freeze over before the Swedish government makes a decision on this. Having said that its hard to imagine what possible excuse they could find for delay now, although that hasn't stopped the 3 or 4 year delay so far...

Then there are Northland's assets all permitted and were operational but now closed down...

[anley] 08/6/2015 14:27

I will put questions to the board BUT why not give Kurt Budge a ring on 0210 7716993 and put the questions you have raised.
In the meantime quite a good T/O in the shares and if you were right then we could have expected a big tumble.....
which has not happened except a few taking 50%+ profits on all or some of their holdings...............I refer to the 1.20p lot.

[loadsamonay] 08/6/2015 12:54

Feel free to ask, I'd be delighted with any answers.

[anley] 08/6/2015 12:51

LOADSAMONEY...........why not contact the directors and put your questions to them or do you want me to do this at the AGM?

[m_don] 08/6/2015 11:31

Your just assuming they can't recover the hematite, which they might not but I assume they can but that is of secondary interest for now. The high quality magnetite is the key interest for the DRI facilities which is why we tested that. That is our main product.

[m_don] 08/6/2015 11:28

Nevermind eh, your not invested. I think it's great news. Another step in the right direction towards a JV partner and the concession. The quality is undeniable.

[loadsamonay] 08/6/2015 11:10

My post on iii - grateful for views.

Caution needed imo. This rns is not transparent. Its worth reading very closely. It says that there are 3 types of ore. Blue (magnetite rich), Green (magnetite mixed with hematite) and Red (hematite). What was tested was the Blue and Green ores. But the rns does not say which of the Blue or Green produced the 71.5%Fe. If it is just the Blue, which presumably it is, then that is bad news potentially, as we don’t know what the results are for Green (mixed ores).

Also if you read the 2103/14 pilot scale results (mentioned in this rns) you can see that they did not find a way of recovering the hematite. And in this rns the 2015 they STILL did not test the hematite (Red). So why not? I assume its because they can’t recover the hematite.

If true, this is quite a blow to the project, because a large amount of the jorc’d ore is hematite. We don’t know the proportions of magnetite to hematite overall, but the 2013/14 pilt scale test work said the ratio was 3.4 magnetite to 1 hematite. But there is no way of knowing if that is the overall ratio within the jorc’d ore body. It must just happen to be the ratio in the bit they blasted and carted off for pilot tests.

So IMHO a lot of caution needed. Yes there is high quality recoverable magnetite. But we have no clue how much. Also the hematite which is there in abundance (esp a Kallak South) seems to be unrecoverable so far.

I’d be grateful for views. I’m not jumping back in yet. Too early and too much unknown. And I don’t like the confusing nature of this rns – its cloudy and they really should come clean on all of the stats, not just the good ones.

[anley] 08/6/2015 09:28

Very interesting IO results which helps those who bought at 1.20p recently to nearly double there money since early 2015. How many will sell.......well just keep an eye on the dealings and that will give you an idea.

I am not changing my mind as this news just underlines that what is underground can stay there until prices recover. However, I am still searching for a valuation and will now attend the AGM to quiz the board about valuations and the cost of running this business.

Still a long way to go but at long last good news now starts to underpin my valuation of 4p.

Does this now put pressure on the Swedes to grant the licenses?

[bckttsim] 08/6/2015 09:23

Super high grades mean super high price.Long way to go yet.

[anley] 02/6/2015 12:00

and sellers who got their shares at 1.20p so taking quick profits.........and a good T/O of over 5m shares traded today.

[knicol46] 02/6/2015 10:49

£8260 buy trade appeared, somethings brewing with all these buys

[anley] 02/6/2015 10:14

All good stuff BUT its the licenses the company needs first.........

As for MOST of the other ragbag assets I say sell these - bring in cash and use that to develop the IO assets...........I will keep repeating myself until the new management tell the shareholders otherwise and the next time it can do so is at the AGM.

What is the point of developing 50,000oz of gold when a financier wants up to 1m....the money/capital is still not there for these ventures.

[knicol46] 02/6/2015 10:13

Beaufort Securities reaffirmed their speculative buy rating on shares of Beowulf Mining plc (LON:BEM) in a research note issued to investors on Tuesday.

Beaufort Securities has also taken action a number of other stocks recently. The firm reiterated its buy rating on shares of Ryanair Holdings plc. Also, Beaufort Securities reiterated its hold rating on shares of AstraZeneca plc.

Beowulf Mining plc (LON:BEM) opened at 1.6200 on Tuesday. Beowulf Mining plc has a 1-year low of GBX 1.1500 and a 1-year high of GBX 4.5500. The stock has a 50-day moving average of GBX 1.40 and a 200-day moving average of GBX 1.53. The company’s market cap is £5.59 million.

Separately, analysts at Cantor Fitzgerald Europe reiterated a buy rating on shares of Beowulf Mining plc in a research note on Friday, May 8th.