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Share Views: Mike van Dulken on today's Company Results and Macro considerations


Beowulf Share Chat (BEM)



Share Price: 7.375Bid: 7.00Ask: 7.75Change: -0.375 (-4.84%)Faller - Beowulf
Spread: 0.75Spread as %: 10.71%Open: 7.75High: 7.75Low: 7.375Yesterday’s Close: 7.75


Share Discussion for Beowulf


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FF23
Posts: 127
Off Topic
Opinion:No Opinion
Price:7.75
RE: EricD
30 Jun '17
AduF - I agree with most of what you say, particularly people on this BB either not understanding or not wanting to understand the legal process being undertaken in Sweden. However, the resubmission back to the government does permit the introduction of some political expediency and I believe the reindeer versus mining aspect will be dealt with at the same time as the CAB/Laponia issue. That is not to say that there will be a speedy decision because the government will do no more than provide instructions on what should happen next rather than taking over the decision themselves. Therefore, I agree that there will not be "a decision" by October because there are several more decisions still to be made but I do think that there is a good chance of enough clarity to support an increase in the SP by October. We shall see! GLA
 
AndyDuFresne
Posts: 355
Off Topic
Opinion:No Opinion
Price:7.75
RE: Andy
30 Jun '17
No, I think this will be resolved before Christmas (within six months).

Still, that's a horrible wait.
Suzy2
Posts: 5,677
Off Topic
Opinion:No Opinion
Price:7.75
RE: From AIM to Aktie?
30 Jun '17
I second that FF23...the reaction this morning in purely emotional, I'm sorry for people losing money but we play it as we see fit...I intend to stick it out and I don't apologise for that.
Suzy2
Posts: 5,677
Off Topic
Opinion:No Opinion
Price:7.75
RE: Andy
30 Jun '17
That is a good point and I've been thinking the same thing myself....but it doesn't make sense.
FF23
Posts: 127
Off Topic
Opinion:No Opinion
Price:7.75
From AIM to Aktie?
30 Jun '17
It will be informative to see the extent to which AIM shares have been sold and ended up increasing the percentage of the company in Swedish hands as a result of the latest twist in the tale. Much of the frustration expressed on this BB has been on account of AIM shareholders not appreciating the nature of the process within the Swedish public sector. If BEM ends up, say, 75% owned in Sweden by the middle of July it will tell us a lot about the expectation of the Swedes so far as the concession process is concerned. The various bodies are not there to help us get a concession, they are there to rigourously apply the Swedish process. If they were to express sympathy with our position it is likely to compromise their impartiality and make legal challenges more likely. I am not therefore surprised that Asa did not phrase her decision in a more supportive way for BEM; to do so would only invite a greater level of challenge from the Sami.

This will play out according to process and I remain confident that there will be a successful outcome at a level that will make it worth waiting for - I speak only for myself, my expectations of returns and timescales. Sorry to see some LTHs go, but each of us has their own tolerances and objectives. GLA
Suzy2
Posts: 5,677
Off Topic
Opinion:No Opinion
Price:7.75
AndyduF
30 Jun '17
You said a few days ago that the decision had been made a long time ago, which decision was that? And how is it that you know so much?
TheFarEnd
Posts: 775
Off Topic
Opinion:No Opinion
Price:7.75
Andy
30 Jun '17
Is there is a possibility they will string this out until after the general elections September 2018?
AndyDuFresne
Posts: 355
Off Topic
Opinion:No Opinion
Price:7.75
View Thread (3)
EricD
30 Jun '17
Trust me, there is zero chance that there will be a decision before October. Zero chance.

I don't think people here understand the legal proceedings, and most people don't want to hear them explained anyways - we're still waiting for the CAB to decide the land use, and this ridiculous Laponia question doesn't bring us any closer to it at all.

When everybody's happy about the impact on Laponia, months from now, we still have the reindeer herding vs. mining decision left.

Please understand this.

There's many, many months to go until we have a final decision.
athomik
Posts: 76
Off Topic
Opinion:No Opinion
Price:7.75
Buy/Sell
30 Jun '17
Dumped 1/2 my holdings (at a loss) and put the proceeds into things that are making me money at the moment. Kept 1/2, just in case it does take off at some point.
Traderr
Posts: 76
Off Topic
Opinion:No Opinion
Price:7.75
It's in the bag! hopefully...
30 Jun '17
From the RNS this morning:

"Our application is back with the Government of Sweden, almost 12 months after the Government asked the Mining Inspectorate to conduct a further review in respect of the Norra Kärr judgement, and matters relating to Laponia".

"The Mining Inspectorate has returned the application to the Government confirming that the Kallak EIA is consistent, in the detail provided, in meeting the requirements of the SAC's Norra Kärr judgement".

My opinion is 'it's in the bag'! hopefully...

The government has asked that all relevant authorites further review the possible direct and in-direct effects on Laponia. 12 months later, all relevant authorities have had an opportunity to comment and now the results have been returned to the government for a decision with the original backing of the MI. The MI have been given a madate to make a decision (and they will make the decision), however, they were required to go back to the government first with the concerns over Norra Kärr judgement, and matters relating to Laponia which they have now done.

I strongly believe the government will now give the MI the green light and the MI will award a concession to Beowulf happy that they have the backing of the government.

The Sami hopefully have no further arguments to add that have not already been addressed. Direct or In-direct.

"live in hope"




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