Beowulf Share Chat (BEM)

Ka-Pow!

Overnight........... such is the power of positive thought. :-)

Some of your recent quotes: "Same old rose tints"..."They just don't see it"..."You can take a horse to water...". You have posted approximately 30 times here since 1 Feb.... 10 times on SCLP, once or twice on NTOG. None on GKP which I think was once a favourite of yours. This is a bit puzzling because there are so many projects out there which you might have favoured above ours. When you find your golden goose, don't bother to tell me I like all my picks better than yours, with the exception of this one.

I think in time they will, but maybe not until the KS JORC comes in and the exploitation concession is granted. As others have said, why buy something if it might be mined? I would rather have the certainty that the ore is there and it can be mined. £200 million at the right time though, I agree the majors would love that. Politically stable country with a huge quality deposit. Cant see Clive letting it go for cheap.

…. Well augy boy, I fink if CSP offered Kallak tomorrow for £200m – lock, stock and barrel, they would bite his hand off down to his ankle. ………. You think this? What about the Sami, and all the problems in the world? ………. Yessssadoooo!!!

Morning. I was just going off what you said, "it is imperative that BEM do something quickly before they are seen as a forced negotiator". Your wording did suggest that the funding issue is more of an immediate concern.

Naturally then, I was just pointing out that the RNS stated we are "well funded" for 2013. This does therefore give the Company a bit more leeway with time.

I think you've hit the nail on the head though, when you mention the "current market". It may or may not be likely that we sit in the 5-10p zone for the rest of the year, we just don't know. At the moment, things don't look great in general all over the sector, that's true, but this is subject to change at some point. If there is no desperate need at present for raising further funding, considering these sp levels, wouldn't it be appropriate to wait for a higher level, if the Company can comfortably afford to do so?

Aimy, If you are posting by way of expressing genuine concern, then fair enough, but if you are attempting to infuse an element of fear here, then that type of behaviour doesn't sit well with me, as you may have gathered.

Enjoy your day.

Thank you.

…. To try and inject a little positive, at this negative time – perhaps!!

If say, CSP called a meeting with some interested party and said:

Ok people, I have had a change of mind regarding the Kallaks. I will offer you a deal today – right now! You can accept either:

Offer (a) … to pay a sum of £200m on exchange of contracts, this being a full and final settlement for both Kallaks N&S.

Or

Offer (b) … a payment of £100m on exchange of contracts (non-returnable), which will carry a caveat whereby the miner will pay a further £200m at the time of the granting of a full licence to mine. If an application for mining is ‘not’ made by the first day of January 2016, the £200m payment has to be made regardless. If any application is made in the specified time, but is refused, BEM will retain the option to become equal owner once more of both Kallaks for a sum payable of £5m to the miner. (Just to cover any silly games).

Question to PI’s: … Which option do you think a miner would find most attractive – not what you hope a miner would find most attractive? ….. The above figures and dates are all guesstimates … atb

Excellent stuff, thanks alot. Mining concession applied for, roll on the speculation for 4-9 months!! lol

2013-04-25 000559/2013 Mining concession for Kallak K No. 1, Jokkmokk

http://pub5.sgu.se/bergsstaten/

Best Regards Kallak