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Beowulf Share Chat (BEM)



Share Price: 4.90Bid: 4.25Ask: 4.90Change: 0.00 (0.00%)No Movement on Beowulf
Spread: 0.65Spread as %: 15.29%Open: 4.575High: 4.90Low: 4.575Yesterday’s Close: 4.90



Share Discussion for Beowulf


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ed44
Posts: 4,941
Observation
Opinion:No Opinion
Price:4.40
slaine/granite/mrplodge
13 Apr '16
Well said all of you. I've always thought that this guy Breca is just an agent for the Sami. However, his overnight continuous deramp in which he stated that he has a holiday home in the area suggests that he is just a NIMBY looking after his own interests by making up and posting a load of reindeer manure,

In his overnight nonsense blitz he did forget a few important points such as the fact that the nearest Sami village is according to one of our more balanced Swedish friends only occupied by four people for a small part of the year and is almost 30 km from the BEM site so the development will not force a man migration on the sami nation. One of our local Kallas friend stated some time ago that he had not seen a reindeer in the Kallak area for years.

Some of the stuff posted last night is just outright lies, such as his suggestion that the Swedish government do not consider BEM capable of undertaking this project. If that were the case why award them an exploration licence and allow test mining.

I've reported the worst of his overnight posts and suggest that others do the same. A lot of UK people and Swedish people have put a lot of money into this investment and we can well do without the kind of nonsense that this person has been posting.
 
slaine
Posts: 148
Off Topic
Opinion:No Opinion
Price:4.40
there's always one.
13 Apr '16
There is always one that pops up. With no real interest. But full of crazy info and dire forecasts.
granite
Posts: 329
Observation
Opinion:No Opinion
Price:4.40
View Thread (2)
Breca de-ramping
13 Apr '16
50% of our shareholders are Swedish and they are a lot more positive than you, maybe they don't have a 2nd home in that area. The size of the mine is small and the arguments re disruption to Sami lifestyle is just a means of getting the best terms for the indigenous population. Jokkmork is a dying town and needs the mine to slow negative migration. There are lots of supporters
lmlom
Posts: 192
Observation
Opinion:Strong Buy
Price:4.40
Iron ore continues its recovery
13 Apr '16
mrplodge
Posts: 795
Off Topic
Opinion:No Opinion
Price:4.40
Breca
13 Apr '16
Now i know you are just making it up. 1) Yeah a traditional area where the chances of seeing a self centred reindeer herder is almost zero (its a bloody wilderness but they own every inch. 2) Kallak product, very interested where this purer better quality ore is pmsl. 3) and finally heavy handed tactics now than one does take the biscuit, the sani have conducted themselves in such a way as to lose all sympathy. Are you making it up or sani writing this total drivel for you
BrecaBronding
Posts: 151
Off Topic
Opinion:No Opinion
Price:4.40
Norra Karr impact on Kallak
13 Apr '16
This is interesting: http://sverigesradio.se/sida/artikel.aspx?programid=98&artikel=6408955

Seems the Norra Karr ruling affects four other mining projects in Sweden, including Kallak.
BrecaBronding
Posts: 151
Off Topic
Opinion:No Opinion
Price:4.40
RE: Breca
13 Apr '16
sorry, that should have read, a traditionally indigenous area.
BrecaBronding
Posts: 151
Off Topic
Opinion:No Opinion
Price:4.40
RE: Breca
13 Apr '16
No, I do not own reindeer, though I do own a second home in the area. I'm not worried because I have nothing at stake. This project has been hampered by a higher than usual number of risks. There is not only the fact that Beowulf has been heavy handed in its approach and rather incompetent at responding to setbacks, but there is the added dimension of wanting to start a mine in a traditionally area at a time when it is easy to mobilize opinion against such project. The Northlands collapse hasn't helped, nor the Talvivaara disaster. The legal decision on Norra Karr is playing a part too. Global economics are not too favorable at the moment either.

The Government can refuse the project on pretty solid grounds, i.e. Beowulf is not up the task; the project is risky if you look at ore prices and global steel demand, plus the countries that can provide a better product at a lower price; then there are the Sami, whose interests must be respected whether you like it or not; then there's the proximity of Laponia, a World Heritage Site. It's not looking very good, is it?

Sweden is such a good mining country and such a reliable supplier of iron ore that it doesn't need projects such as this, which are considered half-cocked by the major players in the market.
mrplodge
Posts: 795
Off Topic
Opinion:No Opinion
Price:4.40
Breca
13 Apr '16
Very good effort at deramping. Do you have your own herd of reindeer. Are you getting worried. The good thing is if it is actually refused it will at this rate be another ten years before the Swedish Government make their minds up.
BrecaBronding
Posts: 151
Off Topic
Opinion:No Opinion
Price:4.40
RE: Suzy2
13 Apr '16
I am not tempted, merely interested in the outcome of this. I have probably spent as much money monitoring this process since 2006 as many of you have invested in it. I have willingly and happily waved goodbye to the thousands I've spent, though it's been an exciting ride, most notably in 2013. I would be very surprised if the government grants an exploitation concession, though stranger things have happened.




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