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Beowulf Share Chat (BEM)



Share Price: 2.85Bid: 2.80Ask: 2.90Change: 0.00 (0.00%)No Movement on Beowulf
Spread: 0.10Spread as %: 3.57%Open: 2.70High: 2.85Low: 2.65Yesterday’s Close: 2.85


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TheFarEnd
Posts: 342
Question
Opinion:No Opinion
Price:4.25
View Thread (2)
June 27th
28 May '14
I see over on Avanza they are saying that the CAB have until June 27th to submit comments, and then they are going on holiday.
It would seem by that, there will not be any definitive answer to the exploitation concession on that day, especially as the final decision will probably rest with the Government.

Has anybody got the source / link referring to the June 27th date and the probable programme of events after this date.
 
mrplodge
Posts: 465
Off Topic
Opinion:No Opinion
Price:4.25
sp
28 May '14
sickening
BULP
Posts: 1,551
Off Topic
Opinion:Strong Buy
Price:4.25
granite
28 May '14
my average is the same , they will sell kallak north , drill up kallak south and kallak nr 2 and ballak and sell these on . cant see bem mining the site , but selling each site as and when all paperwork is completed and measured jorcs are in place. we will find out in june i hope as to the state of play.
granite
Posts: 239
Off Topic
Opinion:No Opinion
Price:4.25
Mick_OC
28 May '14
You're right that probably don't have the nous or finances but for all their rhetoric, they don't and won't really want to mine it,they'll take it as far as they can to get best value and put the for sale sign up, btw my average is 14p so I'm in the **** too.
Mick_OC
Posts: 1,430
Off Topic
Opinion:No Opinion
Price:4.25
View Thread (4)
RE: Bid - offer spread.
28 May '14
The green light to exploit doesn't mean BEM have the business nous or financial clout to follow it through, for this reason I don't believe it will have a significant impact on the SP in the short term. I think it will only come when they announce how they plan to exploit and a detailed timeline - i.e. JV and who know how long that will be. I really hope I am wrong as I need this to get over 26p to achieve break-even on my significant investment, maybe being holder for what seems a life-time and watching the SP decline is such steep way has clouded my view.
granite
Posts: 239
Off Topic
Opinion:No Opinion
Price:4.25
View Thread (4)
RE: Bid - offer spread.
28 May '14
A positive decision of this magnitude, the green light to exploit the resource and you think it will have 0 impact!, that makes no sense to me, any potential buyers would sit up and take notice, I'm certainly keeping my powder try re future investment based on that decision, so i think new money would come in and I have no idea why you say not, Can you explain?
BULP
Posts: 1,551
Observation
Opinion:Strong Buy
Price:4.25
kallak
28 May '14
in effect kallak is highlighting the problem of an elderly town , where its young tax paying population leaves causing a visous circle where diminishing local revenues can not support the majority elderly population. jokkmokk needs to keep its young people , attract inward migration and improve the local economy. if the 30 year mine at kallak does not go ahead then the future for jokkmok is grim. could end up as a mini detroit. ( detroit encouraged the setting up of surburban areas in the 1960's , the loss of rates and clousurer of shops etc caused a catastrophic collapse in revenue and thus down town detroit is now deralict. ) . i hope that the cab take this in to consideration as a no would in the end spell the end of jokkmokk as a viable town. to say no would be madness.
Kallak
Posts: 630
Observation
Opinion:Strong Buy
Price:4.25
Seven million too little - now wait..
28 May '14
JOKKMOKK Lay down several elderly, cancel scheduled coffee breaks and serve cold food instead of hot to the elderly. The tough cost-cutting proposal serves Officials politicians in social welfare committee.

Social Services Committee in Jokkmokk appears to go against a deficit of just over seven million in 2014 - if nothing drastic is done. In Arpil received newly appointed social manager Kaisa Björnström asked to develop a proposal on measures to bring the budget in balance.

The proposal is now complete written and will be presented at the next social services committee meeting, June 11. To cancel scheduled coffee breaks for staff and severa cold food instead of hot to the elderly would save 800,000 crowns together and taking place in the autumn. Closing the retirement home pioneer at Waitangi would save four million, and close Bjärka farm in Vuollerim with its 19 seats would save 9.8 million kronor.

The proposals are drastic and socialnämdens President Kerstin Hellgren Tobiasson (S) do not think they are realistic.

- Closure of the elderly I do not look like a possibility in the current situation. Social Officer has done it she has been commissioned to do but we need to see where all the money goes when year after year we do not get the budget to make ends meet. Well it was 2009 that we got it to go up later.

Is the financial framework for small to start with?

- It may be so, or it seeps out money anywhere in the business. That is why it is good to look at why the budget does not add up, we need to know why. My own wallet may be empty now and then, but I know why. Now we disktuera this proposal and, politically speaking, make an assessment, it might come more suggestions better, says Hellgren Tobiasson.

http://www.nsd.se/nyheter/jokkmokk/sju-miljoner-for-lite-nu-vantar-besparingar-8515203.aspx

Best Regards Kallak
Mick_OC
Posts: 1,430
Off Topic
Opinion:No Opinion
Price:4.25
View Thread (4)
RE: Bid - offer spread.
28 May '14
my view re the expected news on CAB's decision- if positive it will have zero impact on the share price, but if negative will push it down.
TheFarEnd
Posts: 342
Observation
Opinion:No Opinion
Price:4.54
View Thread (4)
Bid - offer spread.
28 May '14
4.24p on the ask for 100,000 - 4.01p to sell.
This news has got to be 'transformational' at these prices, we are slowly approaching the 3's.



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