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Beowulf Share Chat (BEM)



Share Price: 2.90Bid: 2.80Ask: 3.00Change: 0.00 (0.00%)No Movement on Beowulf
Spread: 0.20Spread as %: 7.14%Open: 2.90High: 2.90Low: 2.90Yesterday’s Close: 2.90


Share Discussion for Beowulf (BEM)


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Mick_OC
Posts: 1,431
Off Topic
Opinion:No Opinion
Price:4.33
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Futire - respones
3 Jun '14
thanks guys, hasn't filled me with any more confidence though ha!

Pocko, thanks but that link takes you to a page that isn't registered.

cheers
 
TheFarEnd
Posts: 342
Observation
Opinion:No Opinion
Price:4.33
Goy...Mon 23:13
3 Jun '14
Well put Goyathlay.
I've always said this is a good run in to retirement for the BOD, given their ages they won't be gainfully employed in any other venture.

Ps: How come you only have 5 posts, what happened to all the other gems?
Goyathlay
Posts: 202
Off Topic
Opinion:No Opinion
Price:4.33
Mick
2 Jun '14
In the current AIM small-cap commodity employment ambient, if you were trousering 170 large a year for merely delivering a couple of shambolic presentations at two-bob 'investor' roadshows, would you want it to end anytime soon if you had no 'golden' exit share options?
Subtle
Posts: 5,602
Off Topic
Opinion:No Opinion
Price:4.33
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RE: mic_oc
2 Jun '14
from last - ".....we are well positioned to start marketing to potential counterparties and will be actively doing so during the remainder of 2014"
Subtle
Posts: 5,602
Off Topic
Opinion:No Opinion
Price:4.33
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RE: Future
2 Jun '14
Just putting it out there...

What is the main driver behind the price?
Iron Ore Price
Lanstead
Apprehension behind mining license
Global demand for IO (reduction in China's Growth)? Clive makes a good point about this in the latest quarterly.
Cost for starting a mine in current climate?
Some of the above might be the reasons for a push for Ballek.
BULP
Posts: 1,555
Off Topic
Opinion:Strong Buy
Price:4.33
View Thread (2)
mic_oc
2 Jun '14
it is a possability and not one to be rejected out right , another option is jv deal where we could end up with 49% of the site and hand over the rest to our patner to fund the site. it is a worry at times. well people lets debate and get all views on the subject .
Pocko
Posts: 129
Answer
Opinion:No Opinion
Price:4.33
View Thread (3)
RE: Future
2 Jun '14
Have a look at www.thetakeoverpanel.org - it's heavy reading but should allay any fears that you have on that score. The sections that you might be interested in are F, G and L. Section L is particularly interesting as it talks about the valuation of assets. I think it's fair to say that the current SP does not accurately reflect the current ore reserves that BEM control.(The exploitation licence and subsequent planning applications should resolve that) Therefore, a takeover in this instance would not and should not be based on the SP, unlike the recent proposed takeover of the pharmaceutical company recently, which was based on the SP and a buyers premium.

It is a while since I have read the actual document, as I also previously had such a concern. Investors do get shafted, there's no doubt, but in this instance, we are not an insolvent company or going concern with creditors etc. where shareholders walk away with nothing. And realistically, what have the major shareholders actually invested? Not a vast amount realistically, And would 18p as an example, really rock their world? I doubt it. LANSTEAD are after the big bucks.

Regards
Mick_OC
Posts: 1,431
Off Topic
Opinion:No Opinion
Price:4.33
View Thread (3)
Future
2 Jun '14
Is there a risk BEM could be sold at a bargin bucket price, but enough to make the BoD wealthy men? I have an uneasy feeling those of us who have high SP averages could be shafted. I don't know enough about this so that's whay i'm throwing it out for debate, I know it would have to go to a vote but would the PI's really have a say if institutions have a big slice of the pie? i.e. what if an offer was made of 18p per share?
Kallak
Posts: 630
Answer
Opinion:Strong Buy
Price:4.65
View Thread (2)
RE: Kallak
2 Jun '14
Ah, That is correct. Sorry. Too much Raki.

Ballek - 3000m of drilling, remaining 961m, 2039m done.

2014-03-28 000351/2014 Extension of the whole exploration permit Ballek No. 3, Arjeplog Wayland Sweden AB LULEÅ 25 In 2014-05-28 Granted 2014-05-30

2014-03-28 000350/2014 Extension of the whole exploration permit Ballek No. 2, Arjeplog Wayland Sweden AB LULEÅ 24 I EN 2014-05-28 Granted 2014-05-30

Best Regards Kallak



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