Member Info for Pocko

It's stuck in neutral here...

Pleasure... I have my moments. Of course none of it matters a jot in our current predicament.

It's not quite as simple as that 3cardbrag... Whilst Beowulf Mining PLC is a listed on the AIM, and registered in the UK, Kallak and all other Swedish exploratory licences are held by our Swedish subsidiary, Jokkmokk Iron Mines AB (JIMAB), which is wholly owned by Beowulf Mining PLC. In respect of the shareholders, 65% of shares are held as SDR's and traded on the Spotlight Market in Sweden - However, they are not all held by Swedish investors. Users of Facebook will know that investors from Denmark and Norway among others hold shares, and so, as with our interconnected world, it's incorrect to assert that the perceived nationality of Beowulf is somehow a barrier to the issuance of the exploitation licence. That I believe can be attributed to Swedish inertia, general incompetence and above-all, Politics. Budge clearly attaches some importance to Swedish ownership, highlighted by several RNS indicating as such, but rarely do governments care about shareholders, particularly a small-cap like BEM. The asset is of course incredibly valuable, but as with SXX (which is an excellent example in the UK), someone will profit from Kallak, and just as it's unlikely to be Sirius, without careful financial management, it's unlikely to be Beowulf, regardless of who actually owns the shares.

But no doubt this virus will get an outing as an excuse at some point... Guarantee it

If he had invested in cash-generative projects, then fair enough - But he didn’t. Vardar is a cash drain on scarce resources, potentially placing BEM at risk. Those projects are years away... Another 12% down yesterday, but because some investors have become emotionally entrenched in this share, all they can do is defend the indefensible. Investment in Vardar (£1m) and Fennoscandien looks an increasingly poor decision.

Seems I’m not the only one...

https://finance.yahoo.com/news/think-beowulf-mining-lon-bem-095703396.html

What with it being March... nearly Christmas... might as well write the year off.

His professional credentials aren’t in question in my opinion. But could he be doing more? I certainly question the wisdom of our private investments in Vardar and Fennoscandien. I would like to know what Goran Farm does, as he has proven to be ineffective so far...

Good old Mickey Webbed Feet... you last posted in January on this board. Maths is obviously an issue for you! As for wait and see, it’s clearly still not working is it...

And not only has your investment in BEM been diluted, Admin costs for Vardar are also being directly funded by Beowulf independent of the actual cash investment: ·

“The administration expenses increased in the year to date from £598,391 to £895,295, due largely to the inclusion of Vardar's administration expenses from 1 April 2019 to 31 December 2019 of £247,493.“

Excellent... A total of £1,005,000 invested in Vardar. Cash that should be sat in the bank...

Easy done mwilliams41... we all want positive news

The article is a year old... And yes EricD... Sensible words.

It’s sunny where I live pal, so if you’ve nothing of value to actually offer, other than pointless tosh; And you obviously fall into the category of poster that finds our current predicament acceptable, jog on kid

Just a pertinent light hearted dig... And as for bus fare... I’ve just spent the morning riding my Black Crows... as I did yesterday, the day before, and the day before that. My weeks blend into one on winter. So no, it’s not a question of over exposure. It’s a question of wanting value from my investment. Enjoy your rain and floods...

And Suzy2, I really don’t care. I’ve more than my housekeeping/pin money invested in this.

I’ve been here 10-years in May... I have a significant investment, and given the lack of volume here, I suspect that those who profess to have huge investments in BEM are sitting on significant losses. The pitiful volumes suggest that no investor has been selling-off. This is no joke unfortunately. When we get the nod, and the SP rises, for arguments sake 300%, what a day to be alive when’s it’s simply risen to a few multiples of a penny. Because we have been there (SP of 1p) before, and it’s potentially where we are now heading. So, we are not in a great place, and it’s my belief that Budge will undertake another fundraiser. And with the current SP, it won’t be at 5p will it?

There’s plenty of liquidity on the Swedish market, hence the percentage of shares held as SDR’s in Sweden has grown at a snails pace in the last couple of years. The transfer of shares from the AIM to the Spotlight occurs only when there is no seller on the Swedish market, in order to fulfil the buy order. News keeps shares like ours buoyant, and we don’t have any... It’s a share driven by sentiment, and it’s fair to say that it’s negative.

Currently down another -6.14%... This is your investment folks

The old ‘wait and see’ option is still working I see. Chat all we want, but it’s not working. The SP demonstrates that clearly. 52-week low is fast approaching sadly...