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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Beowulf Mining Plc | LSE:BEM | London | Ordinary Share | GB0033163287 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.06 | -8.45% | 0.65 | 0.60 | 0.70 | 0.65 | 0.65 | 0.65 | 585,799 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Coal Mining Services | 0 | -2.86M | -0.0025 | -2.60 | 7.52M |
Date | Subject | Author | Discuss |
---|---|---|---|
02/3/2016 10:39 | BOUNCING WELL | falia | |
27/2/2016 10:31 | boring stuff | dice1950 | |
25/2/2016 23:20 | Low steel prices set to stay for years yet | buywell3 | |
25/2/2016 16:01 | Shocking discount. | sleveen | |
25/2/2016 14:47 | To help you.......... Clients of the brokers and directors Lanstead is a no and does not have to disclose its holding as its under 3% and in any case they may have sold out all I really sdo not think that you know how markets operate so please be careful.... Look at constant dilution over the next few years as the only benefit will be paid directors and advisers and not the shareholders........ | anley | |
25/2/2016 08:55 | Who the subscribersLanstead back for another bite of the cherryThey've probably already sold or someone must be selling to allow 10.5 million buys to have little effect | vitamal | |
16/2/2016 16:05 | Just a quick thought seeing that Sweden seems to be going into meltdown of all the refugees going to the country they will need to raise money or taxes from somewhere so maybe the government might start looking at mining in a more favourable light rather than backing the tree huggers all the time | football | |
07/2/2016 15:13 | Andy, 2 good posts both rec by myself. As a Swedish holder, the vast majority of this BB would definitely welcome your continued input here, if time permits. | superslob | |
07/2/2016 10:57 | I am fully aware on how eco permits work as I have done 3 here in the UK over the past 8 years and all to do with development. That in a way makes the problem of when production can come into being.......5 to 7 years and in the meantime BEM needs capital to stay alive and for this reason I have sold out. Thank you, as a Swedish shareholder - I presume, for your comments. | anley | |
07/2/2016 09:39 | We now have a coalition in Sweden between the Social Democrats and the Environmental Party, which never have been seen before - the greenies have never been in power, so this is their first time. I believe that they demand that all involved branches of government need to have their input in these mining issues, so the Kallak mine does not only go through the Ministry of Industry, but also through the Ministry of Culture (because of the Samii), Ministry of Finance (because of the tax income generated from the jobs created) and the Ministry of Environment (I'm Swedish, so I don't really if that's the correct word) - these are just the different places I know about, since I've also asked the Ministry of Industry why the answer takes such a long time (I also believe that the giant influx of immigrants last autumn also caused some delay). But most importantly, we have the backing of the Mountain State and the County Admissions Board, the ones that actually decides these things. And the Samii pretty much also accepted that the concession will have the green light, and they will concentrate on the next step in the process (ref. the open letter): "Are the shareholders aware that environmental permitting will probably take several years?" | andydufresne1 | |
07/2/2016 09:18 | @andy why if such a no brainier is it taking so long then? | loglorry1 | |
06/2/2016 15:32 | 100% of the mines in northern Sweden is on what the Samii consider "their land", so this happens every time there's talk about mine opening. There is simply no chance that the Swedish government will say no to a mine in Kallak, considering that the two branches of government that handles these kind of questions already have given their stamp of approval. There are several other mines being decided on by the Swedish government these days, none of which is as an easy decision as Kallak (if anyone is interested, you could look up "Stekenjokk" and mining). | andydufresne1 | |
06/2/2016 09:25 | @superslob of course its just my opinion but experience has led me to it. BEM would not have responded if they had not felt pressure to do so. It's not exactly like they've been writing open letters to the Samii telling them not to worry beforehand. You can argue all you want that they'll be little to no environmental impact on the Samii but trust me that's not how these groups work. The Samii think its their land and others have no right to rip iron ore out of it - period. Sure they can be overruled but politically it is very very sensitive. At the end of the day this comes down to a political decision. Again its just my point of view but in my experience politicians are very sensitive to these sorts of issues. The fund raise without mine permission will be done at a very large discount to the current price. So the two factors are highly related. Clearly BEM hope to progress the project and raise funds off the back of it but if delays continue then they'll be forced to raise at a big discount thus rinsing current holders. Log | loglorry1 | |
05/2/2016 19:00 | Loglorry, who says BEM have been ''forced to engage publicly''? FTR Kurt has chosen to, ie no statutory/legal requirement. I'll take his judgement over your opinion (again presented negatively and as fact). ANI status will, if it's to mean anything at all, override Samii's embellished concerns IMHO. Re £ raising, I think this is the one fair Q you'ved asked since appearing on this BB. I'm hoping for favourable offtake agreements from future ore buyers along with a decent JV/TO. I have to trust Kurt to negotiate these for us, otherwise I wouldn't stay invested. | superslob | |
05/2/2016 14:37 | Having sold at 5p (Block 1) and the second block at 6p average I am out except for a nominal 1000 shares so I can abreast on events. Looking at my posts going back to 15 JAN 2016 I really do think that even if the license is granted it will still be difficult to raise funding in the next 2 years especially as world mineral inbalances need to be stabilised. If funding is found it will be on the whole not really beneficial to shareholders as the construction of the mine etc will take 4/5 years to bring in to serious productivity. During the next year+ funding will be required just to keep the business afloat leading to further dilution which is not at all good for current investors. Any funding will then go to keep Kallack solvent and some will go to the graphit company - prospects not yet tested in my opinion. So current investors take care as Lanstead have got out and quite frankly made a big turn on what they did. Thanks BEM for making me a great deal of money these past 15 months......... | anley | |
05/2/2016 13:53 | @superslob the fact that BEM have been forced to engage publicly is not good. Politicians hate to be seen to act against minority indigenous groups. To deny permission based on protecting the Samii is a win/win for them. How do you expect BEM to fund further development even if they do get the approval? | loglorry1 | |
05/2/2016 13:06 | I see my timing was perfect again yesterday, or not.. one day perhaps I shall do it right,still the news didn't deter some.. not far to break even.... 525138 buys......v......609 the bottom of the drop this morning hit the trendline of the penant,the signal to buy,as was without that rns this morning upsetting the applecart, but some saw this and jumped in quickly,that's what you call timing..gla.imho | abergele | |
05/2/2016 11:01 | You only just found out the Samii are anti Bem mine then? CAB represent locals - and a damn sight more then just the Samii variety - and they have approved our application. We - but clearly not you - know we are several years away from mining. Reading between the lines, the Samii mentioning the environmental application suggests the exploitation licence will be granted IMHO. Wouldn't it be better for you to find a stock you're more comfortable with rather than contining your negative crusade here? | superslob | |
05/2/2016 10:31 | If there is one thing that can de-rail a mining project it's opposition from local indigenous folk. Politicians hate this and will almost always side with them over business I'm afraid. This is a huge blow for BEM. Also in today's RNS BEM admit that there will be years more waiting to get anywhere with the asset but based on current burn rates they'll need to raise within a few months. While I appreciate there is a lot of longer term upside here if they do get this off the ground. I suggest now is not the best time to be in the equity as current holders will likely see a lot more dilution. Log | loglorry1 | |
04/2/2016 18:15 | Courtesy of sj74 on LSE BB :- ''Sweden’s Sami are also battling plans by Britain’s Beowulf Mining to mine iron ore in the country’s far north. “The verdict has no direct effect on mining plans, but it is one piece of the puzzle to get Sami land rights acknowledged so we can get more influence on mining,” Larsson Blind said.'' Incidently, the victory doesn't even cover all hunting - certainly not yet moose - as elsewhere in article it says :- ''Some local Swedes are suspicious, however. “The next step will be restrictions on snowmobiling and moose hunting,” said Robert Björk, a hunter from Kiruna.'' Whilst I'd rather the Samii lost, whether it affected BEM or not, I take the paragraph after the above link as good news FWIW. | superslob | |
04/2/2016 16:59 | also read about the Sammi court case - Daily Telegraph I am told - which they won. | anley | |
04/2/2016 16:52 | arab3, No,was it interesting? but I was watching a dif. episode of Coast today, so I shall go and retrieve it and watch vis catchup later on tonight,tks | abergele |
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