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Beowulf Share Chat (BEM)



Share Price: 1.70Bid: 1.60Ask: 1.80Change: -0.175 (-9.33%)Faller - Beowulf
Spread: 0.20Spread as %: 12.50%Open: 1.75High: 1.75Low: 1.70Yesterday’s Close: 1.875


Share Discussion for Beowulf (BEM)


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BULP
Posts: 1,598
Research
Opinion:Strong Buy
Price:2.90
PART 2
23 Sep '14
Beowulf Mining PLC

Result of General Meeting & Board Changes

RNS Number : 3141S

Beowulf Mining PLC

23 September 2014



23 September 2014

Beowulf Mining Plc

("Beowulf" or the "Company")

Result of General Meeting & Board Changes

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company principally focused on the Kallak North and Kallak South iron ore projects in northern Sweden, announced on 21 August 2014 details of a capital raise of up to £2 million, comprising a Placing, Subscription and Open Offer (together the "Capital Raising").

Result of General Meeting

l analysis of investment opportunities. During the earlier part of Mr Budge's career he held several senior operations and planning r
 
BULP
Posts: 1,598
Research
Opinion:Strong Buy
Price:2.90
RNS / BUY BUY CSP.
23 Sep '14
Beowulf Mining PLC

Result of General Meeting & Board Changes

RNS Number : 3141S

Beowulf Mining PLC

23 September 2014



23 September 2014

Beowulf Mining Plc

("Beowulf" or the "Company")

Result of General Meeting & Board Changes

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company principally focused on the Kallak North and Kallak South iron ore projects in northern Sweden, announced on 21 August 2014 details of a capital raise of up to £2 million, comprising a Placing, Subscription and Open Offer (together the "Capital Raising").

Result of General Meeting

Beowulf is pleased to announce that at its General Meeting held yesterday, all of the resolutions as set out in the Circular dated 01 September 2014 were duly passed.

The Company has therefore raised aggregate gross proceeds of approximately £1.74 million through the Placing, Subscription (at face value) and the Open Offer.

Application has been made to AIM, a market operated by the London Stock Exchange plc, for admission of 20,008,484 New Ordinary Shares (comprising the 15,409,333 Second Subscription Shares and 4,599,151 Open Offer Shares) issued pursuant to the Second Subscription and Open Offer. It is expected that admission of the New Ordinary Shares to trading on AIM will become effective as soon as possible after 8.00 a.m. on 26 September 2014 or such later time or date as may be agreed.

Board Changes

Further to the announcement of 21 August 2014, the Company announces changes to the composition of the Board of Directors.

Mr Anthony Scutt and Mr Edward Taylor retired as Non-Executive Directors of the Company at the General Meeting held earlier today. Mr Taylor remains with the Company in his capacity as Company Secretary.

Mr Kurt Budge and Mr Bevan Metcalf have joined the Board as Non-Executive Directors immediately following the General Meeting held earlier today.

Mr Kurt Budge

Mr Budge's career in the mining sector spans over 20 years.

Most recently Mr Budge has been an independent advisor to junior mining companies on acquisitions and project development. Prior to this Mr Budge was General Manager Business Development for African Minerals Limited, where he developed strategic growth options for the company, around the expansion of its Tonkolili iron ore mine and M&A. Prior to African Minerals Mr Budge spent a year working as a mining equity research analyst, and before that was Vice President of Pala Investments AG, a mining focused private equity firm based in Switzerland. Before joining Pala, Mr Budge spent five years as a Business Development Executive in Rio Tinto's Business Evaluation Department. He was engaged in mergers and acquisitions, led due diligence on acquisition targets and asset divestment activities, and conducted strategic and financial a
brombonce
Posts: 77
Off Topic
Opinion:No Opinion
Price:2.90
mrplodge
22 Sep '14
Thank you for your reply, thought the big posters would be on and letting the small watchers know what happened. i wish you good fortune with this little share.
mrplodge
Posts: 478
Off Topic
Opinion:No Opinion
Price:2.90
brombonce
22 Sep '14
Apparently not
brombonce
Posts: 77
Off Topic
Opinion:No Opinion
Price:2.90
Todays AGM
22 Sep '14
Did anybody go? anyone going to report back?
aug59
Posts: 641
Off Topic
Opinion:No Opinion
Price:2.95
RE: been looking
21 Sep '14
I think most here have taken the plunge danmc, and dived in. The only potential kicking I can imagine is Clive’s rr’s, that’s if he doesn’t switch from the backstroke. Once is once too often! atb
stubbsy1
Posts: 15,223
Off Topic
Opinion:No Opinion
Price:2.95
bem
21 Sep '14
This should get news this week on the first set of assays
EssexMatt
Posts: 1,803
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.95
View Thread (2)
RE: been looking
21 Sep '14
I can't believe we never took up the offer, who can turn down buying shares at a huge discount to our averages. Hang on a min, didn't Clive say this would be a quid by now!!! Lol
danmc
Posts: 323
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.95
View Thread (2)
been looking
21 Sep '14
at bem and am sure theirs plenty behind me, the potential is all there,holders in 2 3 years time i hope you kick yourselfs for not buying at this price ps that was not 23 years time gla
EricDraven
Posts: 15,801
Off Topic
Opinion:No Opinion
Price:2.95
aug59
21 Sep '14
Hi Aug. Excellent point. With my experience over in BHR, the financial institutions are now controlling that share, not the BOD. It has resulted in a devastating effect on the fortunes of PIs, with a manipulation of the sp, shorting of the stock (so it seems) by the very institutions now involved, which were originally brought in to assist, Beacon using them to initially and then continue to raise finance. It is now a 'Death Spiral' situation, a tragedy. Henderson/Darwen.

It is therefore Clive's responsibility to ensure that he and the BOD use the financial providers for the benefit of Beowulf, and that he keeps a strict discipline in not allowing these providers to take over the share. He is supposed to be a money man, with a background in financial matters, so we have to trust that he won't throw our fortunes away. Lanstead has to be told in no uncertain terms, that it is here to help the Company, and not the other way around. Keep a lid on it, use Lanstead sparingly. Do not allow any dictation of our Company policies or direction from a third party, especially a financial institution that may be motivated and consumed by greed.

We have to trust that he can keep the wheels on the Beowulf cart and fund us without too much further dilution. I hope he can. If dilution is again required, we want a deal at least equal to, hopefully better than the one we've just had. Certainly nothing on a lesser level with regards sp.

Let's have this bull run. It wouldn't be before time.

Cheers Aug.



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