Beowulf Mining Share Discussion Threads

[arab3] 04/2/2016 13:44

anyone see the rerun COAST program on tv the other night about sweden
supplying iron ore to uk in the during second world war ?

[abergele] 04/2/2016 13:19

Reds are buys..tdw still at 5.9p to buy...a bargain.

[abergele] 04/2/2016 13:10

Buys showing as sells...just topped up again.

Still well above the 150-200 dma's

[liberatingsteptoe] 25/1/2016 13:45

Seems to be following the trend of the chart.......up. Other side of 6 before long?
LS

[superslob] 15/1/2016 13:56

Wasn't suggesting they physically couldn't make the decision, but rather I didn't expect it in the period previously ref to. I'll give them til Feb/March unless events dictate otherwise.

[anley] 15/1/2016 13:29

OK I hear what you say but we have to remember that the final decision was to be last September 2015.......Kurt kept pushing and the Swedes kept buying but there has never been a firm date given by those useless Swedes and shareholders should take this in to their calculations when buying.

Governments don't have holidays they have to make decisions all the time and the Swedes have failed big time on this one - in my view.

[superslob] 15/1/2016 12:45

Anley, thanks for your input here over the long term and good luck with S32.

Having not got the decision by mid-Dec, I didn't really expect one mid-Jan, courtesy of hols etc. I had assumed - and continue to assume - that CAB's U-turn was in no small part due to pressure from above, ie Govt, and that this must have been done for a reason, namely the granting of the license.

Whilst I wouldn't put anything past these useless Swedes, I think I'll hold for a little longer b4 giving up hope.

[loglorry1] 15/1/2016 11:06

@anley I tent to agree. There is a lot of downside here and in my experience no news isn't always good news. With Iron Ore prices where they are there will be no rush for Gov to grant the application. Even after that there is no way to raise the money for development at these prices.

[anley] 15/1/2016 10:30

Having sold out at an average of 5p on concerns of "NO NEWS" from the Swedish government then I think that if this the case then the shares are worth less than 2p.

It was put to me that the government could wait years to grant a license due to the world over production of iron ore.......then there are all the migration problems Sweden is suddenly facing and so one could go on.

So having taken a huge profit I will thank Kurt for getting the business back on track and wish all well with the new venture which again will take a long time and capital - more shareholder dilution!!

From being in at 1p and selling at 45p and back again at 1.8p its just to much of a gamble so I have reinvested my profit in S32 the spin off from BLT last year at 45p.

Good luck everyone//////////////////

[loglorry1] 15/1/2016 08:57

Feels like bad news at Kallak brewing?

[liberatingsteptoe] 11/1/2016 13:00

Scandinavian interest will now include Finnish investors.
The Fenno [?] Flake advisory board seems to have a few brains in it [2X Profs and 2X Docs].
All in good hope!
LS

[worrier] 11/1/2016 11:45

If Kallak doesn't go ahead, Kurt will distribute free pencils to all shareholders.

Seriously though as a long term holder with a 7p average, I don't have a problem with this development. It has cost us very little. I don't believe it reflects Kurt's thinking on the likelyhood of a positive Swedish govt announcement but more to do with maintaining price before BEM gets to production. (Helps the fundraising). There will be a long lead time to iron ore production (unless we're taken out early) It will be interesting to see the potential for the graphite estimates in the ground and potential takeoff agreements. Give us something to chatter about on the bulletin boards. None of which will be company-making as far as I'm concerned at present.
All a distraction from the main event really. Keeping up the Scandinavian interest
which is where our future support is now firmly based.

We've also got the services of a highly experienced and financially committed metallurgist on board. He bought in to BEM having done his due diligence on our Fe potential. Excellent.
All IMHO good luck

[montana350] 11/1/2016 10:59

Sar is going to boooommm soon

[superslob] 11/1/2016 10:57

I do not believe they'd jeopardise the Kallak decision by risking attracting adverse publicity at this time for not making such a declaration, were the connection to exist.

For someone who purports to have recently bought in, you seem to make nothing but negative points re BEM.

[liberatingsteptoe] 11/1/2016 10:57

loglorry1:
Good old conspiracy theories! Were there to be a secret connection, I suspect it would be illegal and could result in a lot of trouble for those involved.
There's not much that can be done about Kallak until The Fat Lady, aka the government, sings.
If you have a shareholding here, sit back and enjoy, as the share price has gone up. Or is it, perhaps, that you wish it to fall? Might you be in some conspiracy yourself?
LS

[loglorry1] 11/1/2016 10:46

@superslob how do you know its not the case here? I suspect there is some sort of connection we don't know about. There is no rational reason to make such a purchase. They have plenty on their plate already. Mgmt just need to focus on delivering Kallak

[superslob] 11/1/2016 10:44

Totally agree with liberatingsteptoe, esp re point 1.. Only time I've seen deliberate purchase of (near)worthless assets is when BODs buy private Cos held by other board members, supposedly for fair value. That is not the case here.

[loglorry1] 11/1/2016 10:43

> Why would anyone just want to reward the vendors?

Because they are a related party in some way we don't know about. It's common for companies with inflated share prices to use their overrated paper to buy worthless assets with paper to provide an exit for those assets. If the whole of the graphite mine was worth £120K we can be certain that it's not up to much. One mining truck costs more than that.

Log

[liberatingsteptoe] 11/1/2016 10:08

loglorry1:
1. Why would anyone just want to reward the vendors? Out of the goodness of their hearts?? They will not get the rest of the shares for some time, probably at least two years, so there must be the assumption of an increase in the share price and the value of the asset.
2. Seems to rather contradict your first point. Kallak is in the lap of the government and we all know how bureaucracy works..........
3. That seems to be a good idea, as the higher the price, the fewer shares will need to be issued if and when the company needs more money.
So far, seems to have been well received.
LS

[loglorry1] 11/1/2016 09:18

Looks to me like one of a few options

1) BEM Mgmt are using strong share price to buy a likely worthless asset in order to reward vendors. I didn't see any lock-ins for the vendors (there may be) but they'll dump stock and get out of an asset that is likely worthless.

2) BEM Mgmt looking for something new to shout about. This deal costs them very little £120K? and they can start crowing about this to distract from the fact that Kallak is not going to plan.

3) All this allows them to get stock price up for a funding.

Log

[steeplejack] 11/1/2016 08:17

Interesting in that if Kallak failed to go ahead for whatever reason the management would have graphite in Finland to keep them occupied.Heavy dilution perhaps but another very important string to the bow to provide credibility.Good news.

[cyfalafwr] 11/1/2016 07:54

Interesting acquisition.Graphite is now an important substance used in the manufacture of lithium ion batteries .Lots of big companies manufacturing these batteries e.g. Tesla ,Panasonic for use in EV,s and renewable home energy storage options e.g Powerwall batteries, not to mention the batteries in your laptops ,ipads ,phones etc.
But another dilution ,at least did not borrow anything,expecting a short term decrease in share price , but a good forward thinking move by the management.

[cyfalafwr] 05/1/2016 20:49

BME ? BEM ?

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