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Beowulf Share Chat (BEM)



Share Price: 2.425Bid: 2.25Ask: 2.60Change: 0.075 (+3.19%)Riser - Beowulf
Spread: 0.35Spread as %: 15.56%Open: 2.35High: 2.425Low: 2.35Yesterday’s Close: 2.35


Share Discussion for Beowulf (BEM)


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treetop
Posts: 928
Off Topic
Opinion:Hold
Price:1.40
Sell price drifting higher ?
11 May '15
Was offered 1.30 early today on a dummy sale then the day ends with a few 500k sells at 1.40 ? Beginning to wonder if MM's smell a move on this and want to gather a few in ? We would be entitled to party if this is a good omen !
 
Kallak
Posts: 754
Observation
Opinion:Strong Buy
Price:1.40
Iron ore price rally gains steamIro
11 May '15
Iron ore price rally gains steam

Frik Els | May 11, 2015

The price of iron ore gapped higher again on Monday after top consumer China surprised markets with the third interest rate cut in six months following data showing a steep drop-off in the country's trade with the world in April.

The benchmark 62% Fe import price including freight and insurance at the Chinese port of Tianjin added $2.00 or 3.3% to $62.50 a tonne according to data provided by The SteelIndex, a 10-week high.

The Metal Bulletin's 62%-index at the ports of Qingdao-Rizhao-Lianyungang also continued to improve with the price climbing 1.6% to $63.02 a tonne. The rally in lower grade ore saw MB's 58% Fe fines jumping to $54.17, the highest since January.

Year to date China's imports of iron ore still show gains over record-breaking 2014
A rally that began on April 16 seemed to run out of steam at the beginning of May, but today's advance brings to 33% the commodity's gains since the spot price hit record lows at the beginning of April. The price slumped 47% last year and entered 2015 above $70 a tonne.

Beijing's decision to stimulate lending and make it easier for banks to provide credit by also cutting reserve requirements for financial institutions comes amid growing signs of a slowdown in the world's second largest economy.

On Friday, against expectations of a rebound in April, Chinese exports dropped more than 6%. But the real shocker was imports which plummeted 16.2% according to customs data.

Compare to the headline figure the country's iron ore imports remained relatively robust, declining 3.8% year-on-year in April. The country took in 80.2 million tonnes of the steelmaking raw material last month compared with 83.4 million tonnes a year earlier. Year to date China's imports still show gains compared to 2014 record-breaking pace.

The interest rate cut is expected to bring immediate relief to the country's debt-laden state-owned enterprises, many of which operate in the resources and metal industries. Stimulus spending should also boost infrastructure spending and shore up the struggling housing industry which is responsible for a large chunk of steel demand.

Steel consumption in China fell last year for the first time since 1995, but the latest figures from the country's steelmakers show a 3.9% pickup in production to an average of 1.79 million tonnes per day at the end of April.

http://www.mining.com/iron-ore-price-rally-gains-steam/

Best Regards Kallak
Armasmaximilian
Posts: 1,683
Off Topic
Opinion:No Opinion
Price:1.40
2040
11 May '15
Hope it climbs by then
knicol46
Posts: 4,485
Off Topic
Opinion:No Opinion
Price:1.40
1st quarter update
11 May '15
due end of May
knicol46
Posts: 4,485
Off Topic
Opinion:No Opinion
Price:1.40
Buy rating!
11 May '15
Beaufort Securities restated their speculative buy rating on shares of Beowulf Mining plc (LON:BEM) in a research note issued to investors on Monday.

275k buy trade to!
EricDraven
Posts: 17,490
Off Topic
Opinion:No Opinion
Price:1.40
Pocko
10 May '15
Of course, we're still waiting to see this 600Mt. Cough cough.
EricDraven
Posts: 17,490
Off Topic
Opinion:No Opinion
Price:1.40
Pocko
10 May '15
Agreed. Beowulf is seemingly more tightly run now, but I trust Kurt will be able to promote us as well as Clive did. Old Clive was certainly good at that. In a bull market he was anyway. Ha ha.

Cheers Pock.
Pocko
Posts: 235
Off Topic
Opinion:No Opinion
Price:1.40
View Thread (2)
RE: Pocko/aug59
10 May '15
I personally feel quite relaxed about the process. I fee confident, in that I know what's coming in the long-run. They will be further twists and turns, but BEM bares no resemblance to the company in 2010. Everything is far more measured and professional.

It's little consolation to those with higher averages, but let's take it a penny at a time... BEM will achieve the outcome that we seek, and the decision from the Swedish Government will take the company forward.

Regards
EricDraven
Posts: 17,490
Off Topic
Opinion:No Opinion
Price:1.40
View Thread (2)
Pocko/aug59
10 May '15
We've been here a long time, so any possible additional wait of a few more months I think will be easier for us to take. If it means a secure future for Beowulf and a much better sp than we see now, then we have to like that. We long-term shareholders deserve it too, for sticking by the Company on what hasn't been an easy path for all concerned.

Good luck to us.
Pocko
Posts: 235
Off Topic
Opinion:No Opinion
Price:1.40
View Thread (2)
RE: Pocko
10 May '15
I certainly hope that it is before autumn either way, the decision is on its way...





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