Member Info for EricDraven

https://www.investegate.co.uk/beowulf-mining-plc--bem-/rns/letter-to-the-swedish-government/202012170700049267I/

Yes PAYJJ, it's smashin' to behold. Our little Kal is nowhere near big old Lap. Lovely!

Oaktree, thanks for the excellent reply, much appreciated, great post. I know how you feel and I am slightly older than you. It has been a shocking wait for this concession decision, and it would be wonderful if this investment were to benefit your children in that way, give them a foot on the property ladder. We must trust that our patience with and support of BEM will pay off, now that the Swedes hopefully have had their shoelaces tied together by the KU.

Best of luck Oaktree.

A link to today's RNS. Has Mr Baylan been replaced? If not, he's been bypassed, and it doesn't even seem that Kurt has copied him in. Bravo! Here:

https://www.lse.co.uk/rns/BEM/letter-to-the-swedish-government-5pp2012rtmzso76.html

Cheers for the info Voggy. Here's the RNS for the fooker:

https://www.lse.co.uk/rns/TIR/board-appointment-rv6ry0s4tnn6gtq.html

Good points Alanis, I'd love for us to get the deal overturned and develop Kabwe, but if not, then I'd rather us be part of JLP and not relist only to chase a Bird project that may begin as a mining exploration play and end up with us selling ladies' lingerie. Allegedly.

Something like that. Think ORE.

Cheers Fireball. It looks currently as if we've been under rug swept.

Hi CEREUS. A new listing would be ok, we could then sell our shares, but the dilution to raise money for the listing and new venture might see most long-term holders off. Someone on here recently had a good idea, well it seems like it, insofar as we don't relist and chase another fantasy, lol, but instead we are offered shares in JLP on a 1 share for every 2 BMR shares we hold basis, in return for the Royalty. We could then sell our JLP shares or keep hold to see what occurs there. At present nothing has happened to suggest that Bird and Borrelli before him even had any plan to relist (forget the Callisto nonsense), to get us out of the mess, and we have yet to hear about what's happening with the Royalty.

As it stands, JLP can make headway with Kabwe, we may not see anything in return, and Borrelli has gone, escaped without punishment.

If we could look into all of this with a legal team I'd be happier, because surely what has happened to us is ineptitude by Borrelli at the very least. Now with Bird apparently having conflicts of interest all over the place, all he seems to do is give us no information, only so far notice of personnel changes. Of course, if we and GLR (if I've got that right) merged into JLP, the conflicts of interest would cease.

Hey, I'm just a little bit fed up. Lol.

Best regards.

Hi. Yes, but you know that Kallak is entirely nothing to do with Heathrow, so it won't and can't replicate it. Different country, different government and we know the Kallak operation will be green, it will not be dropping fuel into the air, nor will it be operating anywhere near social housing.

Not sure why you are even remotely pondering whether Kallak may or may not replicate Heathrow. A comparison is not relevant, based on the factors with and affecting each separate project.

You are surely just pressing that pessimistic button again aren't you? Lol. Fair enough.

Yes Sooz. We can look beyond this short-term stuff and forward to what the cash will enable BEM to do. I'm happy with my new little shares. Lol.

Snow, yeah, go on then. On with the cosy cable knit. x

Nothing has gone down to 1p. Do you mean it's going down to 1p? Based on what?

You don't know do you?

Off you go.

FF/Rick, that may be to do with the fact that our Offer over there was way oversubscribed. People trying to purchase on Spotlight now instead.

Only a thought, could be wrong.

Lb, ffs, go and have your tea.

:-)

Yes Lb, but I wouldn't be selling them shortly after buying them would I? At a falling sp connected to the very offer that I'd just taken up. Lol. We are investing to sell at a higher sp at a later date. You know that!

Al, yes we've done it now, so we can relax. No point in fretting. Lol. Get this fundraise behind us, then we are well positioned financially for at least next year and maybe beyond. If we have the funds we can surely add value to the sp over the course of the year with good news from at least one project. Considering particularly the stage we are now at with Kal.

But nobody really knows. Lol.

Yes Lb, perhaps, but as we also established the other day, even with the dilution it should not equate to being less than 3.16p to buy. You have only mentioned the sell price again because it is conveniently negative to suit your purposes. We know it's very likely to drop in the short-term, so who would be thinking of selling, already armed with that knowledge? Nobody who took up the Offer, that's for sure. In my view. Like it or not Lb, we have a real backbone of long-term investors here who will buoy the Company by retaining their holdings, and we are soon to have an abundance of cash in the coffers. The Swedish Government has also had a right roasting publicly for failure to implement and follow an administrative process in our case. It has been made accountable. UNESCO cannot say either that our proposed operation at Kal will impact upon Laponia.

Now then, young man.

Followed by your shameless deramp.

I see. So it was just your pessimism. Fair enough. It may drop there or thereabouts but hopefully it will be short-lived. Can't see it dropping below the Offer price to buy.

Have to see, but I'm chilling out now. No more stress, had a fair bit of it over the last few days with this. Taken some of the new shares, so live by the sword, die by the sword.

Let's get it out of the way and look forward to next year's BEM activities. (Unless an offer comes in to take us out of course).

It's not long since dropped to this level but the spread remains wide, hence it seems like a large percentage drop. Not sure it will drop to below the issue price with the Offer also being given to existing shareholders, many of whom, including myself, applied for shares and will continue to hold. Is it wishful thinking from you?

I think 22 December is when the shares are added.

Thanks Troaj. Yes I remember that and in 2011 this particular share was motoring. We will hopefully very shortly be out of the unfortunate, prolonged Orphan Period in the mining lifecycle as well, so wouldn't it be outstanding if this coincided with a commodities surge. Iron ore prices on the up right now too eh?

If it's cyclical, it'll be comin' around again innit. Lol.

3card, actually I won't be waiting another decade even if it doesn't go to 50p. As for dividends, we can't rule anything out. Nobody knows what will happen or when. Lol.

Years ago I believe the figure on the left used to reflect the average sp of the day and not the last trade of the day.

If I remember correctly, and I'm not sure why they changed it to reflect only the last trade.