Member Info for sj74

They haven't provided revenue growth guidance or any guidance for FY26 yet. Just analyst concensus.

It just says this:-

As such, it remains confident in achieving FY26 adjusted EBITDA and FCF in line with consensus forecasts, supported by further gross margin improvement towards c.50% and continued cost efficiency.

They haven't set their guidance yet until results, literally just agreeing they are confident in achieving analyst concensus.

Yep which makes the drop a little surprising but take advantage I may..

Yeah they are decent enough but media focusing on lower revenue on analyst concensus. Basically ASOS need to start growing again soon..

Free cashflow up is good.

EBITDA up over 60% yoy is good.

Revenue continues to be poor..

I'd say solid update.. profitability is looking good better than expected FCF.. revenue not great, however the business is clearly stabilising and heading in the right direction. Happy with that.

This is on the Narvik Harbour Facebook page today.

new deal: Swedish billion-dollar company wants to use Narvik

Beowulf Mining, the company behind the Swedish Kallak Iron Ore Project, has signed a letter of intent with the Port of Narvik.

This indicates a potential role for the northern Norwegian port as a hub for the export of iron ore concentrate.

British mining company Beowulf Mining Plc, through its Swedish subsidiary Jokkmokk Iron Mines AB, has reported progress on its Kallak Iron Ore Project in Sweden.

The company's plans include the Port of Narvik as a shipping point for the finished iron ore concentrate.

Cheers Nate, good to see shorts drop to its lowest level since the beginning of the year..

Exactly Eric, no good having the 'right product' in the right place if we don't have the funds to develop it.. here's hoping.. I'm hopeful, at least discussions are ongoing that we know of.. 🫣

Beowulf Mining* (BEM LN) 10p, Mkt Cap £6m – Stegra green steel agrees deal for Microsoft for steel supply

BUY – 182p NAV

Stegra, who are building an EAF and Hydrogen electrolyser in Boden, Sweden, have signed a supply agreement.

Steel from Stegra will be used by Microsoft’s datacentre equipment suppliers.

Microsoft will receive environmental attribute certificates for its green steel purchases.

Conclusion: We remind readers that Beowulf Mining’s* Kallak project will produce high-grade iron ore concentrate suitable for use at Stegra and expected to be accessible via rail to the steel mill. There are limited sources of high-grade, low impurity concentrate globally, leaving Beowulf well positioned to take advantage of the growing roll-out of EAF steelmaking capacity globally.

https://stegra.com/the-boden-plant

Interesting read about Stegra.

Nope but any whiff of a favourable outcome from the talks with strategic partners etc and I'd expect this to start moving from this level. Considering we will need funding from Q1 next year it'd have to be before then.. Kallak and GAMP valued at £6 million come on 😂.

It.would be interesting to know who these are:-

'The Company is also engaged in discussions with potential strategic partners at corporate and asset levels.'

Look at Grangex in Sweden.. they have Anglo American onboard. They are up 472% in the last 6 months on execution of a royalty agreement for future production at their developments.. they are further along and progressing well due to the strategic partner they have onboard. Production from 2027.

The potential is there especially at this lowly level, it's just whether we can get someone onboard..

Spot on there Toph.. market is awaiting the funding news for the company.. ATM the market is clearly doubting the BEM can get a decent 'non-dilutive' funding away to take us forwards. If BEM can prove it's doubters wrong then watch this Current £6 million market cap be a distant past imo. I'm very much 50/50 myself whether they can.. the projects on paper look/sound great.

Yep, looking stronger everyday here. :)

Morning Suzy, yep decent update.. clearly looking at the funding opportunities/partners.. just hoping it's incoming this year and relatively favourable.. a whiff of anything and the share price will rocket from these levels I'm sure. The market cap is crazy :/

The stench of desperation is what that is 😂

😂😂

Seems quite strong.. if it does, fine. If it only ends a bit down I'd take that as a good sign going forwards .. little respite before moving towards 40p (maybe) :)

Good strong finish that. Bid/ask at the strongest at the close of play again.. solid ATM. 💪

'potential for more disposals to come'