Share Name Share Symbol Market Type Share ISIN Share Description
Beowulf Mining LSE:BEM London Ordinary Share GB0033163287 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 8.625p 8.25p 9.00p 8.625p 8.625p 8.625p 23,144 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.6 -0.1 - 45.34

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Date Time Title Posts
21/9/201714:27BEM reaching for new heights94
10/3/201717:35Beowulf Mining - Significant Undervaluation15,450
03/2/201708:37Beowulf Mining - Significant Overvaluation193
16/5/201409:55Beowulf One2One Forum 15th May-
27/2/201322:56EthelredTheReady1

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Beowulf Mining (BEM) Top Chat Posts

DateSubject
25/9/2017
09:20
Beowulf Mining Daily Update: Beowulf Mining is listed in the Mining sector of the London Stock Exchange with ticker BEM. The last closing price for Beowulf Mining was 8.63p.
Beowulf Mining has a 4 week average price of 7.63p and a 12 week average price of 6.38p.
The 1 year high share price is 17p while the 1 year low share price is currently 4p.
There are currently 525,707,254 shares in issue and the average daily traded volume is 388,621 shares. The market capitalisation of Beowulf Mining is £45,342,250.66.
21/6/2017
06:43
ianpuddifoot: Hi Anley this is one of your posts "So the question is...............where and how will BEM get the capital from to fully develop its mine? OR The asset will be sold but when and for how much? I will go for a sale of the asset and all that means for the share price" Have you changed your thoughts on this now?
27/1/2017
15:50
steeplejack: INCREASED INTEREST FOR SHARE, BUT NO NEW INFORMATION -Vd (Direct) 2017-01-27 15:52 STOCKHOLM (AFX) Mine exploration company Beowulf, who wants to build an iron ore mine in Kallak outside Jokkmokk is the last week's winners, after a rise of over 90 percent in the share very large turnover. Some specific news that can explain the fluctuations of recent days has not been released, but the interest in the company has increased since the recent issue is clear. It says CEO Kurt Budge to the news agency Direkt. "We do not have any news about the licensing process for investors. However, we did just before Christmas a new issue in Sweden, which increased the share of Swedish investors to over 51 percent - and since then the share price has risen. When I came to the company two years ago, Swedish investors do not even 15 percent, "he says. To seek finance in Sweden is part of the strategy to anchor the mining project locally. By SEK 10 million taken out in the country has the active Swedish 'investing community' probably become aware of the company, the reason Kurt Budge. "Swedish investors expect obviously that we are approaching a decision, and such a positive," he says. The latest communication in the licensing process is from November 2016. The County Administrative Board of Norrbotten were then extra time from the Mountain State, dealing with matters relating to the exploration and exploitation of minerals, to answer questions about Kallakprojektet. County Board now has until the end of February at himself, then Mountain State shall make a decision. "I think quite honestly that we have done the work that needs to be done. We have received the support of the County Board earlier and also a recommendation from the Mining Inspectorate. I think if it had not been for the Supreme Administrative Court's decision in February (in another case - ed. ) we had already received a mining concession, "continues Beowulf manager. Kurt Budge describes 2015 as a year when the company was stabilized and major progress was made regarding Kallakprojektet. Since then, the licensing process continued and in 2016, Beowulf has invested in creating new growth opportunities, including through the study of graphite deposits in Finland. To develop Kallak Beowulf in its current form, however, far too little. "It's a big project and it is natural to look for a strong partner. We need someone who really wants to see Kallak in production," says Kurt Budge.
27/1/2017
15:18
steeplejack: There's a new kid on the block and that's Stockholm. The volume traded on the Stockholm exchange this week has dwarved London.On Monday,share traded amounted to 18 million shares,on the 24 Jan-18m,25th-34m,26th-41m and today the volume on the Swedish exchange seems likely to again top 40 million shares traded.Taking yesterday's volume of 41million shares traded,by value that represents around £6m worth of stock traded,approaching 10% of the total equity.By comparison,with recent volume of around 5 million daily,the worth of stock traded on the AIM market is around the £600,000 mark.Simply put,the value of shares traded in Stockholm has this week been some 10 times bigger than London. If it is a spike,it's a Swedish induced spike and I would like to think that the swedes are closer to the action than punters in the AIM market ie I would afford the share price leap more credibility because it has emanated from Sweden.Wishful thinking perhaps. As I post ,Stockholm has just plunged 20%!!.....same old story,wishful thinking indeed!
30/6/2016
09:05
steeplejack: No expert on procedures but I presume this RNS about discussions today presages licence permit approval.All you can do is follow the Swedish share price lead I guess. Corrected,thanks.
11/1/2016
10:08
liberatingsteptoe: loglorry1: 1. Why would anyone just want to reward the vendors? Out of the goodness of their hearts?? They will not get the rest of the shares for some time, probably at least two years, so there must be the assumption of an increase in the share price and the value of the asset. 2. Seems to rather contradict your first point. Kallak is in the lap of the government and we all know how bureaucracy works.......... 3. That seems to be a good idea, as the higher the price, the fewer shares will need to be issued if and when the company needs more money. So far, seems to have been well received. LS
11/1/2016
09:18
loglorry1: Looks to me like one of a few options 1) BEM Mgmt are using strong share price to buy a likely worthless asset in order to reward vendors. I didn't see any lock-ins for the vendors (there may be) but they'll dump stock and get out of an asset that is likely worthless. 2) BEM Mgmt looking for something new to shout about. This deal costs them very little £120K? and they can start crowing about this to distract from the fact that Kallak is not going to plan. 3) All this allows them to get stock price up for a funding. Log
05/1/2016
08:38
market sniper3: B&M European Value Retail SA 25% Potential Upside Indicated by Deutsche Bank Posted by: Ruth Bannister 4th January 2016 B&M European Value Retail SA using EPIC/TICKER code LON:BME has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. B&M European Value Retail SA are listed in the Consumer Services sector within International Main Market. Deutsche Bank have set their target price at 350 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 25% from today’s opening price of 280 GBX. Over the last 30 and 90 trading days the company share price has decreased 29 points and decreased 40 points respectively. B&M European Value Retail SA LON:BME has a 50 day moving average of 314.40 GBX and the 200 Day Moving Average price is recorded at GBX. The 52 week high for the share price is currently at 361 GBX while the 52 week low is 275.25 GBX. There are currently 999,999,957 shares in issue with the average daily volume traded being 1,445,792. Market capitalisation for LON:BME is £2,833,999,817 GBP. B&M European Value Retail SA is a United Kingdom-based holding company of the Group. The Company is engaged in variety retailing in the United Kingdom and Germany. It operates in two segments: the UK retail segment, including grocery retailers and general merchandise retailers, and the German retail segment.
16/12/2015
10:28
anley2: I am now concerned - short term - that the delay in the Swedish government granting licenses will upset the capital sums that BEM requires to get drilling again as well as the working capital required. It is for this reason why the share price is weak and will remain so until the clouds pass and the sun shires as and when the government wakes up. There is another small problem and that concerns the oversupply so why should the government rush when they know full well that they can afford to keep Kurt on the sidelines until the commodities storm has passed. Others may have a different idea but for me I will wait and see before I buy back in again as the ore is going no where!!
20/11/2015
18:04
football: Are Beowulf Mining plc Set To Soar? Meanwhile, shares in Beowulf Mining (LSE: BEM) have risen by 25% today and this has prompted the company to issue a statement saying that it is unaware of any reason for the significant share price move. This price rise puts the company’s shares 203% up over the last year, although trading at around 550p they are still vastly lower than their 7300p peak recorded as recently as 2011. Certainly, a number of smaller mining companies have considerable long term potential, but for most investors their larger peers seem to make more sense as investments at the present time. That’s because even they are exceptionally volatile, capable of posting major losses but, crucially, tend to be financially more secure, more diversified and arguably better positioned to benefit from any future increase in commodity prices. As such, the likes of Anglo American and Centamin appear to be better buys that Beowulf at the present time. Of course, Anglo American and Centamin aren't the only companies that could boost your portfolio returns. However, finding the best stocks at the lowest prices can be challenging when work and other commitments get in the way. Http://www.fool.co.uk/investing/2015/11/20/are-anglo-american-plc-beowulf-mining-plc-centamin-plc-set-to-soar/?utm_source=advfn&utm_medium=cpc&utm_campaign=investorshub
20/11/2015
10:06
football: Beowulf will beat all previous course rockets! BLOG POST WAS WRITTEN BY: HX60 (Member) 2015-11-20 09:39 Beowulf owns Europe's largest unbroken iron ore deposit with 600 million tons of iron ore of high quality. Awaiting a positive government decision any day - which inevitably leads to a kursuppvärdering of 3,000%. It has the capacity to over 5 billion in gross revenue / year for up to 60 years. SOON slams Beowulf Sometimes we miss the essentials when the subject is complex or details unclear. Beowulf is growing right now out from under the radar to become Sweden's next big corporations - most of us have missed it. Think big. Consider then even larger. Increase a little until you approach the value of the Kallak deposit. It has 600 million tons of iron ore. It is as much present in the ore fields of Kiruna. This is by far Sweden's largest deposit of iron ore that still awaits exploitation. In Kiruna, LKAB extracts the state of 25 million tonnes (Mt) per year. Kallak mine manage to leave 10 Mt / year. 40% of LKAB! This is bigger than most of us realize. The price of iron ore is historically low. Right now pay about 50 USD / ton. Kallak ore is of very high quality and a higher price, about $ 65 USD / ton. It provides gross revenues of approximately SEK 5.5 billion / year - for up to 60 years! Beowulf sitting on huge deposits, and the only requirement is a condition of the government to extract iron ore. BRIEF HISTORY Beowulf has had a long journey. The share price has peaked at 7.8 SEK 2011 and then fall back. Many have been waiting for a yes to the concession to begin ore extraction. This year, the process has entered the home stretch. Important instances Norrbotten County Administrative Board and the Mountain State have changed their recommendation from former no or maybe to definitely yes. As late as October 2015 recommended the Mountain State Government to uphold Beowulf's application for the concession. It has done extensive exploratory drilling in 2014 with a total of 131 wells to evaluate the find scope and quality. It has realigned management and established a good dialogue with the Sami villages as regards interference with the reindeer. There is now a plan to handle any disturbances and, where appropriate financial compensation. The Company has made all the right and patiently worked out a good prerequisite for a positive government decision. The government this summer announced the decision in the case will be taken in autumn 2015. In autumn ending November 30, now only remains to Government decisions. Very much point to yes. FACTS ABOUT THE BARGAIN AND QUALITY 600 million tons Kallak can be extracted about 10 million tons / year. The size of the field is mostly a matter of how many years you can drive mining in the area. County Administrative Board believes in nearly 40 years, the company believes in 60 years. Right now the price of iron ore hit a record low of about 50 US $ / t. Kallak producing ore of very high quality which gives a premium price, about $ 65 USD / ton. At 10 Mt / year will be the annual production worth $ 650 million. With a dollar exchange rate of 8.7 SEK, this gives SEK 5.5 billion. Per year for 60 years! SEK 5.5 billion per year compared to the current market capitalization of 250 million. Let's find out what it takes to market capitalization will increase to its correct value. 60 years is a long time, let us count the 10 years instead. 10 years gives 55 billion compared with the current valuation of 0.25 billion. The value of the deposit is thus 200 times greater than its market capitalization. 20.000% greater !!! This corresponds to a share price of SEK 120 instead of the current 0.6 SEK. 5.5 billion gross revenue for each year of break! County Administrative Board has the right in his 40 years there will be 220 billion total. Company has the right in its 60 year, we are approaching 330 billion! Kallak provides significantly higher quality than is usual. Here are ore with 71% iron, while the standard is around 62%. The super high quality results in higher price premium than the difference in quality. The reason is that super high quality producing ore pellets that have more uses, such as SinterCast's production. Good infrastructure There is an excellent infrastructure in place in the area - it means low costs for transporting the ore to Narvik and Luleå for shipment. Nearby Kallak is a hydroelectric plant and the available power lines. The electricity supply of the future mining operation is secured. In the area are dirt roads of good quality that can be easily upgraded and strengthened to cope with mining traffic. Inland Railway runs past nearby. By building the 40 km rail (which is a trivial issue in this context), the mine is connected to the inland path and hence through the ore railway to reach the port of shipment Narvik. Reindeer husbandry This is currently the only obstacle to a regeringsgodkännade. The debate is infected and not factual. The Sami people do not want a mine in the vicinity, whether it disturbs reindeer herding or not. But Kallaks placement interferes not really interested trails seriously. One can build wildlife bridges in some places and the result of other places fences. These are solutions that have been successful elsewhere. Reindeer husbandry will operate as before but it obviously means changes for the concerned Sami village. Beowulf has decided not to draw future transport routes through the Sami sensitive areas. Future flows will therefore not result in any significant impact on reindeer husbandry. Especially for reindeer husbandry has been proposed preventive and protective measures as a result of an analysis of the environmental impact. These measures will be further developed in consultation with the Sami villages. It would still be negative effects on reindeer husbandry, the company will establish a framework for financial compensation for the reindeer. The company has already launched cooperation with the villages affected by the mining project. Meetings take place regularly with leading stakeholders in and around Jokkmokk. WHAT IS REQUIRED FOR revaluation? All the pieces are now in place. Beowulf has done its homework. Mountain State, the Land and Environment Court and County Administrative Board of Norrbotten has spoken. They have been negative in the past but are now positive. There is a constructive dialogue with the Sami people and a concrete package of measures to limit the adverse effects on reindeer herding. The find is classified as being of national interest and will generate valuable jobs in Jokkmokk. The only thing missing is a government decision. All previous question marks are gone. All parties have said yes and recommend to the government to say yes. The previous conflict with the Sami villages are managed and no longer pose obstacles. In summary Kallakprojektet generates significant employment effects at national level, in total it is estimated 580 jobs in the municipality of Jokkmokk. The project comes under the provincial government to carry: · More direct and indirect jobs · An increase in the tax base · A slowdown of emigration and population decline The government has previously said that the decision on the issue will be taken in autumn 2015. In autumn ends November 30 - the day of Beowulf its report for Q3. WHAT HAPPENS AFTER November 30? When the government has made its decision and said yes, so Beowulf has suddenly acquired a concession that will allow them to exploit their enormous assets. Orezone went example, up 530% in a single day. The reason was that they were authorized by the Mining Inspectorate to investigate the prospects for mining. Such authorization has, Beowulf had since in 2009. Yes, government means real situation - a green light to begin the process of extraction. VALUATION I do not think the course is rushing off to a valuation of 330 billion. Reasonably could be a valuation that represents 10 years of extraction, ie 55 billion, or 132 SEK / share = 22.000%. No, so good, it will be probably not. But let us assume that we can evaluate the find to one year of operation? Or maybe only 6 months? That will put us on a share price of between 6 and 12 kronor, which is roughly the low side but still perhaps the most realistic in the short term? 6-12 kronor, the target price for the 2015th 6-12 kronor = 45-90p
Beowulf Mining share price data is direct from the London Stock Exchange
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