Beowulf Mining Share Discussion Threads

[bob310] 29/9/2015 15:01

Up 5% in Sweden with a million trades.

[anley2] 29/9/2015 13:32

"The Government of Sweden has said in the media that a decision on the Exploitation Concession for Kallak North can be expected in autumn 2015".

When does Autumn finish in Sweden?

[anley2] 22/9/2015 09:18

23BLADE.......try this link and sorry about the mistake...........the presentation is a little long but Brent has made a great deal of money for his investors.

[23blade] 22/9/2015 08:24

Anley, the link you posted says vid is unavailable.

[bob310] 21/9/2015 08:27

Kurt's presentation can be seen on Aktietoget site.

[anley2] 20/9/2015 17:11

Thank you for alerting us to this intersting "political" presentation in Sweden.

I was interested to hear that over 20% of the equity is now in the hands of the Swedes............

But I now draw your attention to SLIDE 6 of Kurts presentation. Read his statement and ask yourself is that not farmilar as most mining executives all say that ,,,,,,,, but he later goes on to say that Iron Ore in the form that they can sell is the focus and that for me is what should happen.

To help Kurt and shareholders what is really going on in the world mining industry you may be interested in watching....

www.youtube.com/watch?v=vgWPrg4EQQM

The moral of this is "stick to Iron Ore and do not look at any other mining venture in Sweden until you have a cash flow positve business".

[bob310] 20/9/2015 10:30

Kurt's presentaion was good.

[23blade] 19/9/2015 18:36

Kurt presentation - worth watching:

hxxp://cloud.magneetto.com/wonderland/2015_0917_Beowulf_Mining/view

[anley2] 11/9/2015 12:09

............especially as Landstead is now down to just over 14% equivelent to the market absorbing 13m shares..........

[anley2] 04/9/2015 16:39

For me there are 3 big points:

1 The Licenses which seem to be on there way
2 The defination of "SUPER HIGH GRADE MAGNETITE CONCENTRATE" from the management
3 The demand for this super iron ore

The market seems well supported especially in these troubled times and that is a very welcome sign indeed.

Perhaps someone could enlighten me on why the price and demand for this IO is so much higher as I may need to up my price forecast from 4p to 5p which would still give BEM a M/Cap of some £20m. Nevertheless the figures coming out from the management are giving us clues as to what value we may be able to place on the IO in the ground.

[anley2] 04/9/2015 09:30

Interesting report from the management and I will comment (for what it is worth) shortly...........

[bob310] 01/9/2015 12:18

Why are all the directors on this site wrong?

Anley - I am not sure when the next Swedish election is.

[anley2] 22/8/2015 10:09

Could you please BOB tell us when the next elections are?

Thanks

[bob310] 21/8/2015 19:02

The prediction is that the far right party the Social Democrats will be the biggest party in the next elections. This must be good for Kallak.

[anley2] 20/8/2015 09:20

A squeeze is on for some punters - 2.55p bid!! AND if they are offered at 2.50p I will buy back my recent sale and more.............

[anley2] 18/8/2015 13:51

BEM unless it wants to dilute its shareholders to death and Kurt has done this to some degree will have to be satisfied with making BEM a royalty income business unless he can pull off a three card trick!!............remember how long it will take to develop a mine.

That means another jump from 4p to anyone's guess and some say up to 10p making the M/Cap at around £40m a very high value when the commodities market is "sick as a dog" but then what is the basic value of all the iron ore in the ground which we know is there? Is it £40m or £80m......can the management tell us as they have mentioned that the iron ore commands PREMIUM prices to that of say Alderon which I have used as an example?

I once used the Alderon Iron Ore company (quoted on the Canadian S/E) as an example of finding IO then having a partner in China as the principal buyer of the product with Glencore as a fall back. No capital has been raised yet for the new mine even though all the infrastructure is all there so the shares just do nothing. In fact they have fallen by 80% from the 2014 high.

On the optermistic side Iron Ore will recover as will world trade and capital will flow back in to all these projects and finally share prices will also respond. But the problem is when? Get that right and we all win. So in the meantime either the Swedes buy big in to BEM because of what it has and we sit and watch or the management finds takers for this premium product and sell out without diluting us shareholders again when the market turns (and they will do well out of it).

That is how I see it for the time being............

[m_don] 18/8/2015 12:44

anley, and if the management manage to secure a partner for Kallak where do you see the upside?

[anley2] 18/8/2015 11:25

Nothing like a good profit and only sold 25% of my holding so next level is 4p and that was the price I set months ago on this BB for a number of solid reasons.

At 4p BEM has a value of some £17m but it will need millions to develop the mine alongside a partner and what would worry me is how will the current management achieve this? In these markets it is very difficult so there has to be another funding towards the end of this year (year end is December) or early next year just to complete drilling and keep the business ticking over.

In the meantime what an exciting run many old and new punters have had.

[liberatingsteptoe] 18/8/2015 08:24

Anley,
I did think at the time that perhaps you were a tad too early......
Constant pressure from somewhere........
LS [enjoying the ride. Just like the good old days!].

[venture traveller] 17/8/2015 18:16

I remember the rampers raving about a quid. Funny how talk of 4p now gets people going.

I got out at 55p I think (from a 5p stake), but I bought back in on the way down. My average is now 14p.

[23blade] 17/8/2015 13:36

I am looing for much more than 4p - with an average of 14.5p!

[bob310] 17/8/2015 10:18

anley,

I am looking for more than 4p.

[anley2] 17/8/2015 10:06

The M/Cap is now £13m at 3p and there are now sufficient punters sitting on profits to give the MM a huge T/O of stock...........so where next?

Looking at all my notes from the AGM the new broker placing shares at 1.25p and the fact that Lanstead has not sold a big chuck recently I am thinking that I should take a turn so I have sold 25% of my holding this morning. My average price was 1.75p over a period of 9 months.......

My next bridge to cross is 3.5p and then 4p which was always in my plan and I will stick to it.......and as I said to my dealing desk this morning this company would have gone bust under CSP so thanks Kurt - I owe you a drink.

That is how see it for the moment..............

[bob310] 17/8/2015 08:36

Sweden up 10% with 1 million trades. London up 6% with high trades as well.