Share Name Share Symbol Market Type Share ISIN Share Description
Beowulf Mining Plc LSE:BEM London Ordinary Share GB0033163287 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.325 5.91% 5.825 572,935 14:18:38
Bid Price Offer Price High Price Low Price Open Price
5.50 6.15 5.825 5.50 5.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.42 -0.04 35
Last Trade Time Trade Type Trade Size Trade Price Currency
15:57:54 O 79,813 5.875 GBX

Beowulf Mining (BEM) Latest News

More Beowulf Mining News
Beowulf Mining Takeover Rumours

Beowulf Mining (BEM) Discussions and Chat

Beowulf Mining Forums and Chat

Date Time Title Posts
28/5/202010:13Beowulf Mining - Significant Undervaluation15,516
19/2/201914:53BEM reaching for new heights239
03/2/201708:37Beowulf Mining - Significant Overvaluation193
16/5/201409:55Beowulf One2One Forum 15th May-

Add a New Thread

Beowulf Mining (BEM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Beowulf Mining trades in real-time

Beowulf Mining (BEM) Top Chat Posts

Beowulf Mining Daily Update: Beowulf Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker BEM. The last closing price for Beowulf Mining was 5.50p.
Beowulf Mining Plc has a 4 week average price of 3.75p and a 12 week average price of 3.20p.
The 1 year high share price is 8.38p while the 1 year low share price is currently 3.20p.
There are currently 597,730,179 shares in issue and the average daily traded volume is 646,041 shares. The market capitalisation of Beowulf Mining Plc is £34,817,782.93.
andrea152: 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: 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 ,
hollywood6: I can't bring myself to put any money in this. The delay on Kallak has been so long now. The share price has held up well during all the delays
induna123: I think you'll see the share price slowly dwindle down to the 2p level over the next few months. Maybe then I'll be interested in a punt.
anley: Did the share price on Friday go down as it looks there is no government in Sweden and that is not good news either for shareholders, share price Angel and Kurt this side of Xmas. Another year to wait...........or never for big K............. Fresh elections could be called as the current PM was voted down and that was after 3 months since the last elections. Basically Sweden is the latest country to deal with the difficulities of forming a viable coalition due to political fragmentation and the immigration problems. What next for BEM?
anley: He can't leave as the share price would go to ZERO and there would be no legal enitity to run the business. However, he should make a statement on what his future should be.............
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?
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.
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!
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
ADVFN Advertorial
Your Recent History
Beowulf Mi..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200528 16:47:25