Beowulf Mining Share Discussion Threads

[cyfalafwr] 17/2/2020 10:43

Is alangrifbang and Alangriffbang the same person , they are both 81 years old...lol

[alangriffbang] 14/2/2020 08:36

Morning everybody ,lots of big buys this morning and back over 5p, hope this is the turning point ,

[andrea152] 11/2/2020 10:15

Couldn't agree more, Steeplejack, but I think it's more that BEM is VERY overvalued, given that they have NO chance of devloping Kallak, without a Swedish Partner owning most of the Company, or buying it for relatively little money (LKAB ?). Suspect the Swedish Govt wud b quite happy to let BEM go bust , then LKAB can pick up the assets for pratically nothing from he Administrators.

HZM, on the other hand, is a proper company, with a proper BOD, with huge assets, which are actually needed right now (unlike Iron Ore) and in a country where Govt does give a damn about creating jobs and moving their mining industy forwards. Their share price IS very undervalued , at present.

If a Swedish Company had held BEM's Assets, this would have been developed 10 yrs ago - but CSP messed it all up at the start, by being inept & disrespectful to locals, and THAT was the kiss of death.

IMHO. DYOR. GLA.

[alangriffbang] 04/2/2020 18:06

Really odd ,the share price is still dropping and yet there are still plenty of buyers out there , at 81 years old I don’t think I will be around , have held a large holding for donkeys years ,

[steeplejack] 03/2/2020 07:43

The assumption must be that the Swedish government will continue to play ostrich in respect of Kalak.However,it should be remembered that BEM is over 50% owned by Swedish investors.Also,the company is committed to developing a clean and environmentally acceptable way of extracting iron ore.If the authorities can’t go along with that,then they may as well kiss goodbye to any such projects ever being developed within Swedish borders.The implications are extensive.The legal route is expensive but there’s clearly little alternative.Its pretty meaningless doing back of the envelope computations of what Beowulf is worth given this or that because you’re necessarily making an assumption as to what the outcome of Kalak will ultimately be.Even if approval is granted,there’s no guarantee that demonstrations,objections etc won’t interfere with Kalak construction.However,I find the relative market caps of Beowulf and Horizonte Mining (as two junior AIM exploration stocks)pretty inexplicable.Horizonte is valued at only £45m compared to £27m for BEM.Horizonte appears very underrated on a comparative model.

[alangriffbang] 28/1/2020 12:35

Nice to hear from you Andrea ,I’ve held many shares here for many years I am now 81 years old so may not see the end of this ,hope your young enough to get a big payout , I have noticed that there is a lot of buying in our share this morning but can’t think of a single reason why!

[andrea152] 28/1/2020 10:32

It is still not too late to proceed with legal action against the Swedish Govt, but that would be the last throw of the dice for Kurt. Sale of asset to LKAB still possible ?

He shud raise some more money and DO IT !!

The other 2 BEM projects are worthless in my view and the Company as a whole certainly does NOT justify a £28m mkt cap at present - try £3m for a more realistic figure - i.e. less than 1p/share.

IMHO. DYOR. GLA.

[alangrifbang] 19/12/2019 12:25

After reading the latest RNS ,it’s more of nothing nothing nothing ,I think budge now needs to instigate court proceedings even if they have to raise more money to pays for it . The alternative is at eighty one years of age I will be dead before anything happens ,

[alangrifbang] 18/12/2019 18:25

Andrea I feel I’ve been here for centuries ,I am 81 years old whether right or wrong I’m just going to stick it out , I do have a very large holding and don’t need the money ,I’ve looked at the two shares you recommended and I do tend to agree with you but it’s for a younger person with years ahead of them ,good luck to you

[andrea152] 18/12/2019 10:49

There is an opportunity cost of still being in this Company, when there are many much better projects, with much better management elsewhere. The Swedes have really shot themselves in the foot on this one !!

Have a good look at HZM, its Nickel & Cobalt in Brazil, (needed for EV BAtteries) and has a 1st class management team and is fully funded, with many crucial stage & finance agreements already signed. The 2 projects it owns are both vast.

EUZ is worth a look too, for the brave, although they need a Stock consolidation and have yet to find full project funding or a formal JV Partner.

Good luck and have a good Xmas.

IMHO. DYOR. GLA.

[alangrifbang] 09/12/2019 13:22

I guess this the final nail in the coffin.

[andrea152] 03/12/2019 15:11

Just saying it's grossly overvalued for the current state of play with the Swedish Authorities. Most companies at this stage of obtaining mining approval are valued at £5m or less , as without the mine and the permission to mine, the company is effectively worthless , except for a small amount of carry on the cash in the balance sheet.

That would put BEM at 1p or less with the current number of shs in issue.

Kurt should have gone for Legals Yrs ago - it's the only way to break the impasse, and even that is not guaranteed success. Failing that, talks with LKAB, then get what you can for Kallak and move on, or return cash to long suffering shareholders. Finland will prove to be worthless - read what Anly says, he speaks the truth on graphite and graphene !

IMHO. DYOR. GLA.

[alangrifbang] 23/11/2019 12:39

Looks like we really on the way out now,I am 81 years old and likely to die before anything happens,

[alangrifbang] 05/11/2019 18:04

Andrea I think you are one of these people that says sell and we all go out there and buy,it's up today,

[andrea152] 04/11/2019 10:12

well you're right alangrifbang, BEM been going on for over 10 yrs now, with NO meaningful progress in the Main Asset in Sweden.

An Analyst with a major UK Broking firm told ne 3 yrs ago that Kallak would NEVER be granted a mining licence as the Swedes want the Kallak asset to be developed by a Swedish Company such as LKAB.

Kurt needs to approach LKAB, sell it, then wind up BEM and return the cash to shareholders. The other 2 assets they own are meaningless, in the overall scheme of things.

Only other thing KB cud do, wud b to go to Legals with the Swedish Govt, to force them to make a decision on Kallak , but that cud cost a lot of money and still not produce a tangible result for Kallak licence - it's a big gamble. Just another Dead Minnow on the AIM Junior Mining Mkt now, after promising beginnings, but CSP fekked it all up at the start with his attitude to the locals and the Swedish Govt., and it hasn't recovered since.

IMHO. DYOR. GLA.

[alangrifbang] 25/10/2019 12:45

Time to give up I'm talking to myself!

[alangrifbang] 24/10/2019 17:35

For an RNS everybody seems to be unhappy about there was one hell of a lot of buying today,most odd,

[alangrifbang] 23/10/2019 18:48

What's happened to the other posters on here they all have disappeared,

[alangrifbang] 23/10/2019 12:43

Lots of buying going on today,why would anybody throw money here ,it must be a 100% gamble,

[alangrifbang] 22/10/2019 14:52

I think we now know that this is dead in the water for now,I was in touch with my broker in London about another share when I mentioned Beowulf and they have it rated as a sell,no plusses at all going for it,very sad,

[alangrifbang] 14/10/2019 13:51

It's a shame,that whatever they announce the market just isn't interested,I wish they would tell us about whats going on so we can celebrate or commiserate,we've all had enough,

[alangrifbang] 11/10/2019 09:00

As they say,the Lord giveth and the Lord taketh away!!

[alangrifbang] 08/10/2019 14:34

Looks like this rise is over for now,hope they don't mark it down too much,keep your fingers crossed,

[alangrifbang] 08/10/2019 14:34

Looks like this rise is over for now,hope they don't mark it down too much,keep your fingers crossed,