Beowulf Mining Share Discussion Threads

[ianpuddifoot] 19/6/2017 14:25

anley if and when they get the licence, I imagine they will find a partner

[anley] 19/6/2017 14:04

You have been a shareholder for a long tim and I bet deep down you feel that you could be on a looser.

"The sorry mess" has now been going on before this new management team came in and that was about 3 years ago. But the question the management has is how to build shareholder value knowing that even if their is a license whare will the capital come from to develop the business and how much of the company will be seized by the new owners?

As I write can you explain how BEM will make money from Graphite as the management has not yet been truthful with the shareholders............again you could have on your hands another sorry story.

[23blade] 19/6/2017 11:29

Disagree, there is huge potential with Kallak and KS - the MI or government will say yes. Kurt played a blinder today with an excellent RNS, really showed what a sorry mess the whole process is and how useless the CAB are.

[anley] 19/6/2017 10:07

I think you are wrong and not facing up to facts which are that the Swedish government does not want this area to be developed.

To be very frank BEM will never deliver any real return to shareholders. Most old and new shareholders will be diluted to death and those who have participated in past and future placing will sell their shares at a profit so yet again its the City and advisers who make hay at the expense of YOU the shareholder.

BEM has grafite in the hope this will make money but the directors have not given you what this substance can be used for nor any hint of its profitability. I suggest shareholders as the board for their gut feeling as I have reason to believe that this division will not make a return for the company.

What a sorry story this has been since it went public all those years ago.

[induna123] 15/6/2017 08:46

The price is going down, does this mean no decision has been made?

[anley] 13/6/2017 16:42

Is 16 June the day the Swedish government tell the world what BEM can do or not do?

[andrea152] 24/5/2017 11:00

Can't help thinking that £40m mkt cap is also "very" over-generous for a Company which currently has no mining licence to mine it's primary asset, and a secondary asset that is purely at the exploration stage, with a load more funding required.

Will be interesting to see what happens if it dusnt come thru, as most punters are currently betting that it will, or if it comes thru with a load of pre-conditions or qualifying requirements attached to it.

IMHO. DYOR.

[andrea152] 18/5/2017 10:14

Yay !, another placing - well wot a surprise. KB must have run out of Reindeer Blood pancakes in the staff canteen ?! Desperate stuff.

IMHO.

[the count of monte_cristo] 17/5/2017 16:00

£1.5m raised at 6.5p, ha ha, the share price has been trading significantly above that price for months. Tells a story....

[steeplejack] 17/5/2017 15:39

I suppose that if you were super confident that Kallak would gain an exploration licence in the short term,you might defer a placing until later in the Summer.Not so.£1.5m raised at 6.5p.

[anley] 15/5/2017 12:28

To another delay - JUNE 16 - and your guess is as good as mine except there is no capital to be had for small mining businesses - too much IO from the land of OZ to satisfy the world markets............

[terror] 09/5/2017 16:52

Big rise coming over next few days. 50p minimum on mining licence IMHO

[ianpuddifoot] 09/5/2017 14:15

Still some legs in this yet

[andrea152] 09/5/2017 10:44

Tend to agree with U Anley.

Further dilution to existing shareholders is inevitable if BEM decide to go it alone and raise the finance themselves. FRankly , I don't think the current management team is up to it either.

I have said all along that Kallak will probably be developed by a Swedish Company with deep pockets, as recommended by the Swedish Govt and MI, behind the scenes.

This will either take the form of a JV or Farm-out or, KB may just "Flip" the entire asset to the Swedish party and then concentrate on the Graphite. I , like you, am rather sceptical about Graphite as there IS a lot of it about in the World and a lot of the mines elsewhere have proven very difficult to develop e.g. Triton Resources (ASX) with their large Mozambique prospect.

I reckon BEM shares are worth no more than 18p/share, on an unfunded mine basis, which wud b 1% of the value of the metal in the ground. Still, that's nearly a 100% upside from the current share price !

IMHO. DYOR. GLA.

[anley] 05/5/2017 10:14

Last night I watched the last episode of Midnight Sun.........the Sami lot were trying to kill themselves but you do need to watch all the episodes to understand just a little about these people.

Sweden is not the largest exporter of iron ore in the world which GIZMO has stated but it is and has vast reserves. The big question is how does BEM exploit this if it were ever to get a license to mine it? If you are a shareholder you must ask yourself one simple question.............how do I get the capital?

The next question is if the company were to find the capital would the current board be in charge...........I doubt it as they would have to find a team and that team would estimate that up to 7 years would be needed to get production going to create cash flow.

So do I hear you all say ...but we have grafite.........so what and how is that going to help as there is lots of this stuff all over the world. I shall not say anymore on this topic........

So the shares are highly valued and worth no more than a few coppers (as we say in the UK).

Bon chance everyone who is a shareholder.

[gizmo] 21/4/2017 13:01

Living in Jokkmokk is to live with nature. Being a part of something big, beautiful and alive. That is why we have chosen to live and work here. For the same reason, it would be completely unthinkable for us to support a business that does not have a long-term sustainability spat or take into account Jokkmokk's natural values ??and heritage. Otherwise, we would never be behind the intended mine, as we do now. Many believe that a mine excludes a prosperous nature or a well-kept cultural heritage, but it is not. There are very good conditions that valuable natural and cultural interests can live side by side with a mining industry in a lasting and sustainable way. The mining company Beowulf has repeatedly expressed its wish to develop, with Jokkmokks municipality and other actors, including the partner villages who want to participate, a responsible and environmentally conscious mining that contributes to sustainable development throughout Jokkmokk. The mining industry is a very important basic industry for Sweden. The ore production accounts for 40 percent of Sweden's net exports and today we are the largest iron ore producer in the world. In addition, the government has appointed the Kallak mining area to be a national interest in its enormous mineral content. We now also know that the mining industry does not directly affect the world heritage Laponia. Jokkmokks business and municipality are working hard to attract foreign investment, but elaborate state processes, like this, do nothing to help. We must manage this opportunity now that we have the opportunity to develop Jokkmokk into an attractive and viable place. It is important that we see this for what it really is - a unique opportunity for growth, where diversified business coexists with heritage and nature. The investigation made by the county administrative board also shows that the mine will be of major socio-economic significance, both locally and regionally. Kallak can change Jokkmokk and give us the thriving economy we need that can support infrastructure and public services like school and care. This, together with the fact that the mining company meets all environmental requirements, makes it a good chance for Jokkmokk to say no. In the end, it is all that we all wish Jokkmokk the best. Let's do the right thing and focus on the future." Tony Kvickström, BDX Johan Rydström, PICAB Real Estate Tony Sundberg, Lapland Electricity Service David Enbom, MECON Matts Tikka, Tikkarace Roland Kvickström, Kvickström & Engström Building Anders Granström, Hägglund & Granström Aron Granström, SWEBOR STEEL Jörgen Lindqvist, Lindqvist real estate and service Peter Lindqvist, Jokkmokks Plate and Ventilation Service Lars Lundström, Vuollerim painting Berggren & Bergman AB Stefan Helmvall, Lappland's

[wisteria2] 19/4/2017 11:37

Iron ore is going backward in price for the foreseeable! under $50....and the longer this goes on the nearer to a placing!! funding is needed. If they drop back to 3p would not be surprised, and they could be worth a punt then.

[anley] 03/4/2017 10:07

Read carefully all the posts on what the Swedish government is doing to BEM and then work out the worst and best case senerio - should you be a shareholder?

I have been an original shareholder at 1P and sold at 8p. I bought back a block at 5p and sold these between 20p and 50p. My final deal was at 2p to sell at 4p and that was a year back.

I have been to Sweden to look and asked everyone to download the box set of Midnight Sun............

and do not forget that even if the licenses come through it will be 7/10 years before you ever see a payback................you must look carefully at what is called the "mining circle"

Good luck.....

[ianpuddifoot] 02/4/2017 08:57

How do you work that out check the graph above,

[anley] 01/4/2017 11:12

.....and shareholders are being stuffed but they don't realise it............

[steeplejack] 31/3/2017 13:00

Absolutely Caradog.Is another iron mine at Kallak an economic imperative for Sweden?Given the current state of the global iron ore market,environmental concerns have have in no way been compromised by a pressing economic need for another iron ore mine at Kallak.

[caradog] 31/3/2017 11:34

I wonder how much the CEO knows about the railway he proposes to use to transport the ore to Narvik or Luleå, when he can't even spell Inlandsbanan correctly. The railway from Jokkmokk is inadequate. It is not electrified, has inadequate signalling and doesn't have anything like the axle load capacity required. Even the Malmbanan may need heavy investment to upgrade it to cope with extra ore-carrying trains.

Who is going to pay for this? Beowulf? I can't see the state investing a lot of money to support increased private iron ore production at the risk of undercutting their own deep-mine operations at Malmberget and Kiruna. From the point of view of the Swedish state, the best time to exploit Kallak would be when production costs at Malmberget begin to render it uncompetitive.

Delay seems a reasonable policy for the Swedish government. Expect more of it.