Beowulf Mining Share Discussion Threads

[loglorry1] 22/2/2017 15:05

It is very common for a resource company to deflect from their main asset when it starts to fail by finding a new dream to pin hopes on. I've no idea if Kallak will be permitted or not but I don't think by any means the situation is as straigt forward as BEM say. They say they've been compliant with everything and ticked all the boxes. However if so why is the license not in the bag. The move to Graphite mining suggests they need a new horse to back should it go pear shaped at Kallak and thus this must be a distinct possibility.

They acquired the graphite license for peanuts and thus we can only assume that's what its worth. If it was suddenly worth millions with a bit of exploration then it would have been explored by now. In such a well developed part of the world these sorts of stones don't remain un-turned.

[steeplejack] 22/2/2017 15:00

You might well be right anley.Its always been presumed that the Swedish Government are happy enough to give the impression that they're business friendly.Yet I wonder whether they don't slyly encourage these environmentally concerned reservations from CAB etc so they can wash their hands at the end of the day and say,"oh well we tried".I think the chances of a licence being awarded anytime soon are 50:50.I think the company's push into Finland suggests as much albeit management would declare otherwise.

[anley] 22/2/2017 12:59

I warned about this many months ago so if any one wants to read my past posts then go back 8 or more months.

I valued this business at half the current price but many carried on buying and now after nearly 3 years there is still NO licenses. Nor will there be for many years as the Swedish government does not seem to want mining for the time being.

In the meantime the directors will raise funds for the payment of saleries and overheads and the current shareholders will be diluted again and again......

Don't be fooled by grapfite.........this is not going to be turned in to graphine so have a look at VRS to see what I mean.........

Soory if I offend some of you but the truth hurs and this share is not one I hold anymore.

[loglorry1] 22/2/2017 12:28

Here is Kallak on Google Maps.

Bang in the middle of national parks and v. close to UNESCO world heritage site (only 20Km away). Looks like a tough call to me esp when other sweedish mines have been mothballed.

[steeplejack] 22/2/2017 12:02

This stock reminds me of Lewis Carroll's work.Read Swedish bureaucratic nonsense for sand and it all makes sense. Alice Through the Looking GlassThe Walrus and the CarpenterWere walking close at hand;They wept like anything to seeSuch quantities of sand:"If this were only cleared away,"They said, "it would be grand!""If seven maids with seven mopsSwept it for half a year.Do you suppose," the Walrus said,"That they could get it clear?""I doubt it," said the Carpenter,And shed a bitter tear.

[loglorry1] 22/2/2017 10:12

Who's paying for the graphite drilling program?

"Cash and cash equivalents at 30 September 2016 of £978,999"

They must be looking to raise again no?

[mrmoneybags123] 22/2/2017 10:02

Interesting numbers today..

[football] 22/2/2017 09:54

may need Trump to have a word with them

[steeplejack] 22/2/2017 09:46

It goes on......longer than a Swedish midsummer's day.

[blueball] 21/2/2017 07:56

stay long.

[induna123] 20/2/2017 22:59

Can you copy and paste it over here so we can read it?

[martin collins] 20/2/2017 16:44

nashwan123 there is more info over on the LSE boards, they have been digging (no pun intended) around and some interesting info unearthed.

[23blade] 20/2/2017 16:03

raggy, agreed - holding for 25p :)

[raggytom68] 20/2/2017 15:54

Definitely looking more positive with news due maybe in the next week or two. Tempted to sell a few today but decided 20 % is low compared to what we may get shortly

[induna123] 20/2/2017 09:36

Seems the Mining Inspectorate are looking for a solution to give the go-ahead.

[nashwan123] 20/2/2017 09:10

Is it more than informed speculation pushing the share price up more than 28% as I type? Let's hope for a positive outcome. The Swedish authorities are acting like a third world government in prevaricating.

[induna123] 20/2/2017 09:08

Yeah baby! Thanks 23Blade

[23blade] 20/2/2017 08:57

Asa says decision soon :)

[induna123] 20/2/2017 08:37

A lot of buying this morning. No activity on this bb?

[23blade] 15/2/2017 16:08

Induna, agreed - CAB/MI have already given the nod, they will do so again, Kurt's submission is water tight

[induna123] 15/2/2017 08:17

Seems like BEM have done all the right things. Can't see any reason they shouldn't get the nod.