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Beowulf Mining plc (BEM.L)

LSE - LSE Delayed price. Currency in GBp (0.01 GBP)
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4.15000.0000 (0.00%)
At close: 02:32PM BST

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  • J
    Juliet
    Success depends on the action or step you take to achieve it. Show me a man who has no investment and I'll tell you how soon he'll be broke. Investment is to build a safe paradise for the future
  • W
    Wibble
    Minister of Trade and Industry Karl-Petter Thorwaldsson (S) held a press conference on Tuesday in connection with the decision on the application for a processing concession for Kallak K no. 1.

    The exploration company Beowulf Mining's subsidiary Jokkmokk Iron Mines .

    - The government has today decided to grant the processing concession, says Karl-Petter Thorwaldsson at the press conference.
  • W
    Wibble
    Kallak is being debated on Friday in the Swedish Parliament - Hold on to your hats if they make the slightest positive noises...
  • W
    Wibble
    Quite the roller coaster - Profit taking at 20p spooked investors - that together with a list of environmental restrictions (Which were mostly already baked into the proposal) caused a sell off.

    A couple of the larger retail investors (5Mill + Shares) decided they had enough and sold off all the way down to 7p again.

    I suspect will we see a slow gradual build from here as we hear more about what is planned for Kallak - it's an exceptional resource with high purity iron ore 50-55%+. High grade is considered 35% and above so this is really something special.

    It's a good time to buy in if you missed the boat last time.
  • W
    Wibble
    Soooo.... After a bunch of messing around and their first female PM resigning after a day - then forming a new minority government and becoming PM again... Sweden has a government that for the first time in a long time does not have the Greens to answer to.

    In fact - the guy that's replaced Baylan is Pro-mining and has pointed out that Kallak should be something that requires a quick decision.

    After years of not a lot happening - this thing will rocket if they approve Kallak.
  • j
    jim
    When is the Swedish government going to come to a decision? they sat of the fence for 3 years
  • A
    Andrew
    To secure a future for our children and unborn generation, thereby generating more income, it's is time we learn and get more ideas by investing in lucrative platform such as helena L Dustin
  • M
    Mike
    I don’t know if this chat is dead, but what is a fair valuation of this company? As a cross-check
  • W
    Wibble
    I'm sure someone will read this eventually... I've been saying Hi since it was under 5p - it's now 16.85p If Sweden give this the green light (Decision in February after many years delay due to the Green Party that recently got kicked out of government). IF it's a yes - realistically the price could go to anything from 50p to £1 without much else happening. After that if they are not going to mine it themselves there could be a hefty buyout.
  • W
    Wibble
    17.5p now - Final deadline for comments and objections by 14th decision probably last week of Feb or Early March but the government seems keen on mines, is probably embarrassed that this process took 8 years - and the objections raised by the Sami include points that have already proven to be incorrect (e.g. mostly foreign owned mining company whereas 75% of shares are owned in Sweden).

    It's looking as good as it has ever done - expect gradual bumps up towards the decision dates, and nervy drops down with general lack of news and especially with any additional delays or extensions.

    Range for the next 6 weeks? 12p to 50p+ :D
  • M
    Mike
    What’s next for this company?
  • M
    Mike
    What is fair value?
  • W
    Wibble
    What witchcraft is this? I'm green on Beowulf?
  • Y
    Yahoo Finance Insights
    BEM.L is up 6.99% to $5.51
  • P
    PATRICIA
    Bad Rep on social media due to planned mining project on indigenous land.
  • W
    Wibble
    15% up - Who knows what over there - they don't seem to be telling...
  • Y
    Yahoo Finance Insights
    BEM.L is up 15.38% to 7.50