I would imagine that it will be 1pence by Christmas. Of course we are so far in we cannot retreat.It only remains for the cave walls to ultimately collapse. What a truly dispiriting experience. Does anyone, of a sound mind even believe that we can recoup our original investment?
Oh hark, I hear sweet music in the distance.....oh joy it gets louder......wow.... its practically overhead could it be the angel gabriel.........oh joyous sight to behold.......... a squadron of flying pigs.........oh what wonderment to behold.......rejoice rejoice....,sell your house....stop paying the school fees, cancel your holidays and plough all your money into BEM........fill your proverbial wellies.... oh let us all marvel in our wondrous belief,,,,behold a miracle is about to occur....rejoice rejoice a fortune to behold......we have all become multi millionaires........drum roll continues into the night ....the feasting and festivites last for days and the true prophets of the chat boards are paraded around Jokkmokk in robes of purple and gold........under cover of darkness Lordoriel leaves the City via the tradesmans entrance.........how could he have been so foolish to have not believed......
On 21 August 2014, Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company, announced details of a proposed capital raise of up to £2 million comprised of a placing, subscription and open offer ("Open Offer") (together, the "Capital Raising").
In particular, under the Open Offer, up to 13,333,333 new ordinary shares ("Ordinary Shares") were offered at a price of 3 pence per new Ordinary Share (the "Open Offer Shares"). Qualifying shareholders ("Qualifying Shareholders") were able to subscribe for Open Offer Shares on the basis of 1 Open Offer Share for every 21 Ordinary Shares held on the record date (being 20 August 2014). Qualifying Shareholders subscribing for their full entitlement under the Open Offer were also able to request additional new Ordinary Shares through the excess application facility further described in the circular of the Company dated 1 September 2014 (the "Circular"). The Open Offer closed for acceptances at 11a.m. on 18 September 2014.
The Company has received valid acceptances in respect of 4,599,151 Open Offer Shares from Qualifying Shareholders. This represents approximately 34.5% of the Open Offer Shares offered. Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Open Offer entitlement. All eligible applications under the excess application facility will be allocated their Open Offer Shares as applied for.
The Open Offer and Second Subscription remain conditional, amongst other things, upon the passing of the resolutions at the General Meeting, to be held at 11a.m. on 22 September 2014, and Admission occurring as soon as possible after 8a.m. on 26 September 2014 or such later time or date as may be agreed.
A further announcement will be made following the General Meeting.
Open Offer: Director Participation
The Company advises that, subject to the passing of all proposed resolutions at the General Meeting on 22 September 2014, Clive Sinclair-Poulton has subscribed for 666,667 Open Offer Shares, with a resulting holding of 0.58% in the Company after the General Meeting.
Clive Sinclair-Poulton, Executive Chairman of Beowulf, commented:
"We are very pleased that the Open Offer has been well supported by existing shareholders in both the UK and Sweden. The net proceeds of the Open Offer, together with the funds from the Placing and Subscription, will allow us to move our projects forward."
Defined terms used in this announcement not otherwise defined shall have the same meaning as those terms defined and used in the Circular.
Cameron has outflanked everyone. What seemed like a panic measure offering devomax has mutated into a potential settlement of the WLQ ie Scottish MPs not voting on English matters. Has this entrenched a Conservative majority on English matters within England?
Take it away Abe:
""With malice toward none, with charity for all, with firmness in the right as God gives us to see the right, let us strive on to finish the work we are in, to bind up the nation's wounds, to care for him who shall have borne the battle and for his widow and his orphan, to do all which may achieve and cherish a just and lasting peace among ourselves and with all nations.""
Away from home and having a bit of trouble with the broad band connection.. tried responding to Goy's Will The Union Stand, but had to give up because it was taking too long. Loved anointy nointy. Nighty night x
Thought so, but just wanted to make sure Sooz, as I do try and post a rounded view. I'm feeling a bit over-sensitive at the minute, just a bit twitchy. My 17k in BHR is now worth about £160. Bought in at around a similar price to here, mid/high-teens, so the slide here is making me terribly anxious as well as the debacle there. That Company had excellent fundamentals too, but has been managed appallingly. Have held throughout and it was entirely the wrong thing to have done, so naturally I'm hoping that the Wulf comes good, having held this all the way down to where we are now as well. I get frustrated with Clive, because I think more can be done for shareholders on the news front.
Anyway, I know you are a goodie, so apologies. Just losing it a bit and don't find Clive that inspirational.
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