Clive Sinclair-Poulton, Executive Chairman of Beowulf, commented: "We are looking to move away from being an exploration company where the mantra is on drilling to a development company where our emphasis is on the mining and sale of product. With this is mind we intend to accelerate the marketing of the high quality Kallak North magnetite."
For a company whose mantra (mantra?? malaprop?? ffs) Well, mantra is a sort of sacred chant, the iterative utterance of which perhaps invokes spiritual intervention into temporal affairs. It's all that eastern eco-mysticism sh*te where nature is sacred. Noooooow, I get it. He has been spending too much time with the tye-dye, tyre-slashing, yogic-flying, dendrophiliac protestors.
In any case, who says the exploration is finished? It has barely started for crying out loud.
""The system in Sweden for the awarding of mining licences is fair and transparent, the by-product of more than a thousand years of mining and has been ranked as the best jurisdiction to operate in by mining companies. This approach combined with the stability of Sweden and the proximity to markets is very important when looking at a multi-decade, multi-million dollar project. It sets Sweden and so Beowulf apart from other iron ore projects that may go into production. The one drawback is that the system, with its checks and balances is that it is not the fastest.""
Funny you should mention a thousand years because it seems that Sweden prioritises the rights of medieval animal husbandry practiced by minority interests (part time) over the majoritarian modern world. Hardly utilitarian is it? I suppose it dovetails with the embrace of the eastern belief systems above where the ruminant is sacred.
""To further develop Kallak we have announced a capital raise of up to £2 million in a three stage transaction involving both institutional investors and for the first time an open-offer to our existing shareholders. Previously I had been contacted by existing individual shareholders asking why they could not participate in fund raising activities.""
What happened to the £4.125m 'gross' raised barely 13/12 ago. Gone? I know that amount was dependent on the share price and other complexities etc. Will this £2m gross last proportionately the same time ie circa 6/12. What of the £400,000 from the PI. By extrapolation that PI money should keep the show on the road for about 2/12.
Time to take the credit card from the Jerry Springer celebrant and cut it up live on air.
Also time to get out the non-domestic tobacco and celebrate this fusion of the lugubrious arctic circle temperament with eastern spirituality.
LOl aug, Yes they fail to understand an inconscionable aesthete. 9;05 monday I may get invited by admin for, in naval parlance, an 'interview without coffeee ' No matter, they will find Hooveresque that it is far better to have me inside the tent pi**ng out than outside pi**sing in..
OK Sophie, it is only fair to warn you of my dubious musical proclivities before we announce the engagement. This was introduced to me by that notorious poster Lucas who was given a straight red card for firearms offences on ADVFN
It contains VERY strong language and should not be listened to by anyone with a postal address in Chigley ie the sclp board.
Don't think I have overlooked you squeezing that BMR tart into a Karen Millen dress and a push up brassiere, smothering her in brandy butter and throwing her over the walls of a prison yard. We ain't interested bro'
""Excellent test results from Finland showing the sheer quality of our magnetite at Kallak North were met with indifference while all the effort put into a 360 page environmental report needed for our mining licence application resulted in little interest "" Goy, an interesting and perhaps extraordinary comment, for him to make! In your opinion, what do you think if anything, he is trying to communicate with those choice of words? atb
Goy, Your written words portray my own sentiments, I'm ****ed off with the bod, as you say, why do they not back their own words with buying shares!!!. I'm not being negative about the assest but I am about the bod for the reasons you mention,?
I think a few parts of that rns, particularly the beautiful bears comparison and the sobering words of the cruel markets reaction to clives near term newsflow were composed over a glass of aged single malt whilst listening to the waves crashing up against the oirishmans back door. I expect the broom will be heading in the silver foxes direction in the near future now it's booted taylor and scutt up the jacksie.
""Excellent test results from Finland showing the sheer quality of our magnetite at Kallak North were met with indifference while all the effort put into a 360 page environmental report needed for our mining licence application resulted in little interest ""
I know, absolutely inexplicable why there has been such 'indifference' and 'little interest' shown by the directors in purchasing stocks in this seneffingsational prospect which has been blessed with such diligence and hard work by the paid consultants..
""Our emphasis however must be at Kallak where the Directors believe the greater potential is""
Oh really, then why pursue satellite projects when resources are scarce and by doing so precipitate capital raising and the giving away of more equity at such laughable prices.?
""Conflicting and contradictory economic messages from China and Europe have created an atmosphere of uncertainty in iron ore markets. 'When this happens bears roam, not by themselves but in packs, large groups of them.""
Very picturesque, but I prefer the collective term a 'sloth of bears' which better depicts the hypokinesia of this company
""If a blast furnace needs enriched oxygen to work then a development company needs funding.""
Yes, but a blast furnace at more or less idle is a non-cost effective gesture and benefits only the care and maintenance personnel. You know the phrase, 'spinnin' it out mate double bubble, spinnin' it out mate.' .
'""We strongly believe that as many as possible of our existing shareholders should be support the fund raising activities of the Company. This is one of the reasons we are quoted on the AktieTorget market in Stockholm. It is exactly this principle that has motivated us to enable our current shareholders to buy more shares in the Open Offer. Our major institutional shareholder was a very significant investor in the Placing, we hope our shareholders will strongly participate in the Open Offer.'""
Yes, but we do support it indirectly by having our holdings diluted to homeopathic oblivion by your fiscal incontinence. There must be a valid reason why no director buys at this level when a couple of years ago there was boasting about putting pounds on the stock price. If so, what about 3p? "it's a deal, it's a steal, it's the sale of the effing century.'
""I would also like to thank all those who work for Beowulf and its subsidiaries, our consultants and advisers and to all of our supporters"".[ and not forgetting impecunious mug punters who are being tapped again]
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