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Where on FB exactly?
- Funny how a question about such a simple thing can make such a huge impression. I asked to be sure what people were talking about, there is unfortunately a lot of abbreviations, and many that looks the same but stands for something different.
Typo, the calculation is right though.
17 SEK means they will only have a 4x return over 25 years (if my calculations are spot on) - And that is fore sure not enough, it would only give them an return of 5,7% per yer, and 7% is expected over long terms in normal stockmarket per yer.
And then they have to calculate for extra cost, problems, delays, iron price etc. which can make the profit a lot lower. I would not expect more than 5 SEK for 20-25% which will give the company roughly 2,5 billion SEK and would then estimate the company to 3,5 billion SEK before even getting anything out of the grown.
- You say he has a big following in Sweden, how can you see that, when he has only put 2 blogs out?
I don't get his estimates, but I can show mine for debate
https://imgur.com/a/ZFifyGW
They may indeed have great faith in the decision - But that doesn't change this money grab (options), IMO.
The employees in Beowulf (2) Kurt and Rasmus both had a big amount of options beforehand, and now with the Board of Directors given more (3 people, where Kurt also is) it just gives me an impression of them being greedy and not looking out for the investors best. You know, the people who also tent to allow emissions for the company to a way to keep living.
- Again going from 346 mio shares in 2015 to 566 mio here in 2019.
And we can't say that they aren't getting paid, since Kurt is having 130.000 £ (without shares and options) and is probably also getting something to be in the board of Vardar.
So yes, I think this is a complete money grab and if they were handling in the best of the company and for the future of Beowulf, they would have had a normal emission for the same number of shares and raised that as extra fund for the company.
How the hell can the team give themselves more options without any milestones met?
- I don't understand this, They are getting their payrolls and that should be it, when they meet milestones - sure options can be given again - But which milestones are met? - NONE!
It looks more like a money grab, for them to position themselves for better time, if these are coming
What are you guys saying and looking at this?
“I remain confident but at the end of the day who knows what will happen.”
- I Agree, but the big question here is when and when we look at Beowulf where the had 366 ish mio shares in 2015 and today have 566 ish mio. That is a Big concern down the road since every time they need money they are gonna raise a huge number in shares and make the profit way less for ordinary holders
Thank you, but once again I'm not seeing a valid source since it's an article from a ''normal'' user and it is way outdated (release 2011). I've tried contacting the author for help so now we will see.
- But thank you for your answer
Thank you for your answer.
I know the price of iron ore etc. and just like you I've seen some write about a 40 USD premium, but only from forums without anything to back it up - And that is my problem here, I would like something to back it up.
Hi guys,
Can anyone help me out, I'm looking for informatins about how many stocks Kurt Budge and the team has left in the bag to add to the amount through emissions without voting and where I can find the warrants issued in the company. I find it a couple of years back, where Kurt Budge had somewhere around 9 mio warrants and some others had some - But I would clearly like to have it verified.
Anyone can help with links to this I have looked for a while.
And does anyone really know what the premium for the high quality iron really is? I can't find anything about 71% fe prices