Member Info for sj74

Anyone remember the RMG conceptual study back in 2011.
Kallak revenues over 15 year mine life at extraction 10mt a year high end $8 billion at $131 a tonne and low end $6 billion at $91 a tonne.

Operating costs-total operating costs $3 billion and capital costs $0.8 billion.

Estimated operating costs p/t $47.

Massive figures. That doesn't account for our 71% super grade concentrate either. That alone if we get back on track.with concession and project development makes the company worth so much more.
Doesn't include the revenue we will generate from graphite or hype on any discovery at Vardar.

I know this is from the other day but in the right market and with sentiment strongly in our favour, i.e concession, ore prices, Kosovo discovery etc I can see us hitting 50p + again. No problem. Again it's in the perfect storm where we are bullish and this could rise for 12 months or more (not in a straight line of course). You only have to look at SOLG, GGP, BMN and there MCAP. we also have a world class resource and slot going for us. We just need that sentiment change and at the minute (for the past 7 years) the concession will always hold us from going on any meaningful rally until/if it's granted.

https://www.mining.com/iron-ore-price-goes-parabolic-after-cyclone-warning/

65% fines trading at over $170 a tonne! Give us that concession so sentiment takes a sharp turn.

I know what you mean. I've not committed yet. I will have my options but I'm debating whether to apply for a few extra. My head is telling me 2021 is going to be a good year. So for now umming and awwwing.

Anyone remember the bull run in 2010/11 which wasn't just limited to our stock but the gains were huge. Be nice to experience an upswinging commodities supercycle again.

https://www.mining.com/mining-supercycle-talk-back-as-copper-iron-ore-prices-surge-to-7-year-highs/

So what's the general consensus? Are most people taking up their entitlement? Is anyone applying for extra? I'm having a think whether to take my allotted or apply for extra? It's a binary bet as some have said on the kallak decision. It could be a brilliant price in which to buy quite a few at, on the flip side a no decision will see us at a penny.

https://www.investegate.co.uk/beowulf-mining-plc--bem-/rns/kallak-update/202011271050017719G/

I have mine with Hargreaves Lansdowne. Does anyone have a message re take up of offer? I have nothing yet. I will wait regardless before taking action, see what comes from this committee on 26th. Tempted with the take up but would have to shift around a few bits to get some.

If only we achieved the concession, completed scoping study on both kallak and aitolampi and found a top discovery which they seem to be excited about in Vardar then that would be the perfect storm next year for huge gains imo lol. Wishful thinking perhaps, but you never know.

It was a good RNS regards Vardar. It looks really promising and to me that's where it looks like the money will mostly be going. I think they think they've found something potentially very good. It's a shame we are raising at a low level still. Will be 800+million shares in issue. Granted most are with big Nordic investors still a relatively small number on AIM. But if all 3 business areas move forwards- kallak concession, Vardar we find a high value porphyr deposit and aitolampi is proven up then the share price will climb very high imo.

That means no decision this year. Shares don't get places until just before Christmas. Kurt wouldn't do that if concession is incoming.

If the government would of pulled their finger out we wouldn't be issuing so many at such a low price. Who's going to subscribe?

3 for every 8 is what I see further down the RNS. Well I didn't see that coming either lol. Nordic investors must want a big chunk at a low entry price. And Kurt must want to just get things moving. I think they are thinking Vardar could have something big on their hands.

I see it as a good financing, not sure what others think. No immediate dilution at these low prices. Repaid by Jan/Feb next year. If prices are higher by then, we would have done really well out of it. If there not then we are no worse off as placings are at a discount most of the time anyway.

Being optimistic, I see it as Kurt not wanting to raise at this low price and getting a quick lump in the bank on very good terms.

Looking forward to Kurt's response. Hopefully we will get it today. At least we have Kosovo and finland.

To note Sweden is only down 4%. Obviously it's not a surprise, just wondering what they know that we don't. Could he say that comment then make an out of hours announcement? They won't surely say that if it's just round the corner. The statement to me sounds like they have done nothing with it still.

Especially when it's a copy and paste response from last time. I think we will get a yes but certainly they aren't playing by their own laws in the matter. Very political. Could come very soon or in years take your pick. Back in the drawer.

Drivel that was spouted last time. How much time do they need?! It's embarrassing but they are that thick skinned that they are not bothered. Ah well on we go.

Of course there will be share dilution and it's likely within the next few months. End of last quarter roughly 700k left, Kurt doesn't like us to get dangerously low and of course lots of plans for Vardar and post concession. It's whether the placing comes before or after a concession, only so long he can wait.

Thanks for that. Hopefully it's a comprehensive and meaningful report which highlights the poor permitting process. And ways in which it can be improved and certainly increase transparency!
Atb

Is the KU report the findings of it or discussing it? I'm not fully aware of what they are doing and when it's to be finished. Thanks. Let's hope it's good timing and not merely coincidental and the minister can give a proper answer.