Beowulf Mining Share Discussion Threads

[blueball] 13/2/2017 20:07

Chart of the day.

[induna123] 13/2/2017 15:31

9.5p was the lowest it dipped to before going back up. Looks like there's support at 10p. I'm expecting this to slowly creep back up before we get to the decision at the end of the month.

[badmashy] 03/2/2017 14:24

IMO too risky to be in it over the weekend. That's why traders abonding it slowly and we are going under 10p on its way to 8p and under.

[loglorry1] 03/2/2017 12:45

Thanks Steeplejack - Unfortunately Kurt Budge is going to say anything at all as long as it is positive. Clearly Sweden carries risk since even after getting a mine up and running Northern went bust as it could not compete with bigger operations.

I found the presentation a bit naive actually. The fact Keith would not entertain the possibility that Kallak doesn't get granted permission was a very silly answer. Clearly its a very significant obstacle and not the formality he is suggesting. As such he should have a contingency plan in place and should have given a better answer in my opinion.

Log

[marmar80] 03/2/2017 11:58

Induna, what level you thinking about to get some amc? If you look at the 3yrs chart, the movement up is likely repeat soon.

[loglorry1] 03/2/2017 09:55

steeplejack do you have any links or details to "other mining concessions acquire over the last two years in Finland and in Southern Sweden" ?

I note Northland Resources mentioned in the header went bust owing hundreds of millions of dollars. That was when iron prices much lower but why would investor prefer Kallak over re-opening Northland mine given the advantage of already many sunk costs?

Log

[steeplejack] 03/2/2017 08:41

It's worth revisiting Kurt Budge's Nov 2016 presentation in Stockholm.Kallak is a 250m tonne high quality magnetite iron ore prospect with an estimated mine life of 25 years.Kurt Budge himself,X RTZ,comes over as very straight forward,honest guy.He feels that he has done everything he can to get an exploitation licence for Kallak.Kallak would require "hundreds of millions" to come to production so a joint venture is necessary if Kallak is to progress.He also draws attention to other mining concessions acquire over the last two years in Finland and in Southern Sweden,offering opportunities in the field of graphite mining.

This could run again.A repeat of the leap to 70p back in 2010/11 is unlikely but not impossible.

[steeplejack] 03/2/2017 08:37

It's worth revisiting Kurt Budge's Nov 2016 presentation in Stockholm.

[badmashy] 03/2/2017 08:18

Traders heaven at the moment to make quick money. It will settle around 8-9p soon when traders move on. Too risky for investors like me. I was thinking about it with little spare cash but I am better off topping up in AMC multi bagger for end game.

[induna123] 03/2/2017 08:13

Marmar, not at the moment. Need the price to drop lower before tempted to get back in.

Bullet Ant, yes, a bad call by me but that was 2 years ago when they told the market they had 4 chinese companies looking at buying them out for $150m. Should have known better but you can't win them all. Don't get emotionally attached and look for the next opportunity.

Terror, credit where credit is due.

[terror] 02/2/2017 21:09

Thanks for the praise Induna123

Looking good for a licence. Nothing much has changed in the % game

[marmar80] 02/2/2017 18:15

Are you also in amc Induna?

[induna123] 02/2/2017 17:24

h2owater, this could be a multibagger like AMC when they received their mining award after 10 years of waiting. Not long to wait now.

[induna123] 02/2/2017 17:16

Terror1 Feb '17 - 14:51 - 15361 of 15371 1 1
This is not as big a deal as the share price drop suggests.

The MI will approve with conditions that BEM will happily accept.

Great opportunity earlier today at c8p. My guess is that it will open up after suspension at 10p minimum. The MI was always likely to make the final decision.



Good call.

[leedskier] 02/2/2017 16:12

The Swedes must have a different way of valuing these companies. It did this before back in 2010/11. Moonshots then spun out of orbit. It did a placing not so long ago to raise a £1million, so it is not cash heavy. Its market cap is £43 million. Unbelievable. Maybe more mining companies should list in Sweden.

[h2owater] 02/2/2017 14:59

41% up in Sweden!

[badmashy] 02/2/2017 14:37

Too risky IMO. Will be back to 8p and under soon. I have no position in it at the moment but who knows what will happen in weeks to come. Not for me at the moment. Goodluck all holders

[steeplejack] 02/2/2017 14:00

Around the 10p seems fair enough for now given the complete pigs ear that Swedish bureaucracy has made of this mining application.I'll keep an eye on the Aktie to get my "insider"insight as to whether Kallak will ultimately get approval at the months end.......or be referred perhaps to who knows who!

[breaktwister] 02/2/2017 13:52

Suspension lifted and a lot of buys going through. I think the Swedish gov needs to consider the bigger picture here, it has done itself no favours to date in respect of selling its country as a good place to do business.

[marmar80] 02/2/2017 09:05

Perhaps amc will do one bag over this year if anyone interested..

[runwaypaul] 02/2/2017 07:43

bulls make money bears make money

piggies get slaughtered.

I did try and persuade ppl at 14p to sell and move into WAFM

o well I doubt much money will be heading that way from here now.atb