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Providing there is no more dilution to shareholders. Suitable 'other' types of funding need to be acquired. Otherwise a good read and does highlight the potential and quality we have here. Need that bit of luck though and management not wanting to destroy shareholder value.
Yip just read it properly, 5p is the de-risked. A very good read actually, I jumped the gun on the first page :)
5p now, 30p 2026.....
"After including a nominal US$5m of value for Vardar Minerals and allowing for our NPV10% estimate of future corporate-level G&A expenses, our resulting risk-adjusted Sum-of-the-parts NAV estimate is 5p per share. The latter conservatively equates to Just 0.1x our fully un-risked NAV, yet nonetheless implies c.8x upside to Beowulf’s current share price, suggesting a significant mispricing of risk by the market.,"
Maybe read the whole thing... It values the company at 5p a share now... (NAV - Net Asset Value)
Don't let facts get in the way...
Yep. At this point i would be happy just to get my money back....
I know people who are in this well over 5p, no chance for them now since that disgusting and dismal placing
im just hoping that news for the concession may appear before the end of summer and that'll be my chance to potentially get most of my money back
5p is a fantasy. This time next year there'll be 4 billion shares just to pay the director's salaries. You are witnessing the death rattle of a very badly managed and pointless company.
Ouch, that's disappointing, a valuation target of 5p!
I'm interested to know what other 'more attractive' investments there are in the micro cap space with a market cap of £11 million or under with £3-4 million cash and 2xPFS ongoing on really good projects.
I'm not impressed by management one bit. But from these levels it's still a potentially great bet.
Also, seriously id like to know of a project as good with value as low that is similar? Not some random vardar share in the middle of Jumanji..
It's not too bad Eric...I'll stand by it. Lol.
Lol
Too late now Suzy, you've made a balls of it, you silly sausage.
I meant to say this one is attractive enough for me but the post scrambled off before I finished it.
Ibjj...Go and spend your time with one of the more attractive opportunities.
If and when the court rouse from their slumbers and decide to back the government decision, what practical difference will this make? Bowie appears to have no plan. Kosovo is just a pointless money pit. Finland has evaporated as an opportunity. Kallak requires many times the capital at the company's disposal. And if you think the latest fundraise was a badly timed and expensive flop just wait until the next one in 6 months time.
With these clowns in charge, all they can afford is Fisher Price diggers and a couple of shovels from B & Q.
Any potential partner wouldn't want to breathe the same air as Bowie. There are too many much more attractive investment opportunities out there.
True Suzy. Fingers crossed for this decision this half :)
PS And Boris Johnson couldn't even control flees on his dog, according to one or two people who moved in after him. Lol.
SJ...I think we're both in this to mine so let's see what a difference the Decision makes, assuming of course it's the one we want. Ibjj...Your opinion of the management is the same as your opinion of the Swedish Government and since they're both the same maybe we can hope to see a tango in the not too distant future.
Since Budge's appointment in 2014, the swedish government, the Sami and a procession of ministers could very easily see that BEM is run by amateurs and are not to be taken seriously, so they have all taken you for a very expensive ride.
Big test is how they raise the additional funds needed to complete the PFSs and EIA work. The track record so far isn't great.. I suspect we will need the extra money before summer.
They're getting paid to take your money Suz. Plain and simple, right now the BoD's just doing their job, this is what they do. 💸💸💸 ☹️
Two years that is to decide whether or not the Government conducted the process correctly, without any irregularities, and ' without any irregularities' is quoting one of the Sami spokes people. The Court isn't we've been told deciding on the Mine just the process of deciding it, a process nine years on the Government's table. The result of course will have very wide ranging implications for mining in Sweden.
PS No body in my opinion should be incentivised to do their job...they get paid plenty.
Morning Eric n' All. If the appeal had been resolved when we expected it, last Summer things would be different now and that's stating the obvious I know. But who would have thought it would take so long...two years now since the mine was granted? It's not entirely their fault the situation we're in...they probably banked on getting it resolved and they ran out of money...the six months review being to save cash. I'm not thrilled about it and I'd have bought twice as many at a 1p...but they were between a rock and a hard place.
I feel that was my point really. That RNS was disgusting, at this point in time.
It would be a way of rewarding us down the line though Pocko, that is all. You are right though, they should be solely focused on delivering results and then actually delivering them, before even remotely contemplating rewarding themselves. The Option RNS was a joke. So if they are going along the ‘early’ Option route then the fact they are overlooking our loyalty and continuing support by not offering shareholders the same deal is another boot in the face for us, considering how poorly Ed has managed this so far.
EricDraven, this bunch of clowns should be wholly focused on running this company. Not lining their own pockets or seeking to dream up sweeteners for shareholders.
Rome burns, and they fiddle at the edges, just like Budge did.
And why throw good money after bad?