Member Info for TheFarEnd

Time for a re-read Suzy, never mentioned produced or used, that's just you being pedantic.
More to the point…..
Re: the 20p SP
"Anyone got any other ideas?" Suzy, what's yours?

Everyone getting excited before the bell but nobody's going to sell!

I wrote, It was just a hypothetical scenario about a future SP of 20p. Also that "It's just a bit of nonsense"

Then I read this, predictically from Suzy.
"One thing, among others, that I would argue about with FarEnd is that LKAB have access to enough ore. For one thing, ours is better and for another, it's easier to get at."

You can argue all you like Suzy, but as I stated they have enough ore, in fact considerably more than BEM producing c30 million tonnes pa. and supplying 80% of the iron ore in Europe.
At this moment in time the quality of samples tested at Kallak is better, but certainly not "easier to get at" who's going to get it? In Case you've forgotten, there's no mine at Kallak. A pick and shovel might suffice but a bit difficult for 30 million tonnes a year.
There's no balance Suzy it's just that I'm more of a pragmatic than a dreamer.
I finished my post with "Anyone got any other ideas?" Suzy, what's yours?

Eric, "the unexplained share price movements" can be explained by simple profit taking, more sellers than buyers, what precipitated it is anyone's guess. Perhaps it was the additional conditions, who knows.

FF23, I agree wholeheartedly about the transition to a full scale mining company, that's why I wrote "Beowulf is engaging more risk now than at any time, even with the awarded concession, who they appoint and how they proceed is crucial to BEM's success or failure." It's a different ballgame.

"You should go to this Lloyds forum for totally Lloyds related debate"

Leading with our old friend tricky on the Lloyds comments, lol.

Blimey ran out of room, I was only talking to my phone.
It's just a bit of nonsense, especially now as it's back to the usual status quo of long stagnant uninformed periods when the SP drifts aimlessly. But then so is all this talk about a joint venture at this stage.
Expect an announcement soon about who we engage to get the scoping study and environmental over the line.
Btw, with drilling in Kosovo starting around about now, what happened to the drilling at Kallak that was put on hold due to covid?
As I said, it's all imo. I still retain a small holding here.

Anyone got any other ideas?

"Those of us who haven’t taken a profit are surely now most unhappy with the rapid sp slide back to these levels and maybe sat wondering just when or possibly even if we’ll see that 18p again"
As ever, a brutally honest post Eric and one that reflects your own thoughts.

All this talk (on here at least) about a JV is what it is, just hopeful talk, can't see any 'white knight' heading in our direction, IMO.
Personally I don't think the Beowulf share price will reach 20p again anytime soon. Now it's going to fluctuate perhaps even into the teens (double figures) which may provide some trading opportunities.
There will be no real progress now without real funding.
If BEM wants to retain ownership of Kallak then there could be some serious dilution on the cards.

The award of the concession should go some way to ease the potential difficulty of raising serious monies but not until a comprehensive scoping study has been completed and probably with the full agreement of the environmental court.
With that in mind, and with the Sami restrictions and delaying tactics, together with the National Heritage Boards input regarding Laponia this could cause serious delays to any well meaningful timeline plans.
While this part of the development is ongoing BEM should significantly raise their profile in Jokkmokk to engage with locals etc to keep some momentum going. This is a big deal for Jokkmokk as well as Beowulf and we need all the friends we can get when the protests start.

Reality check, I billion shares @ 6p = £60 million before expenses.

But any funding I expect, will be a progressive process as the project advances. If Budge wants this then he's gotta be bold and go for it, big time.
It's not beyond the bounds for BEM to bring Kallak to fruition whilst still retaining 100%, with the various capital options at their disposal, not least with offtake agreements if the scoping study is favourable.
Beowulf is engaging more risk now than at any time, even with the awarded concession, who they appoint and how they proceed is crucial to BEM's success or failure.
An agreement with LKAB would smooth the tricky paths to be negotiated, but they wouldn't want an offtake agreement, I think they have access to enough Fe, lol.

Rambling on a bit but I'll finish where I started about the SP exceeding 20p. With the above achieved the mine construction approved and started, the 'Inlandsbanan' construction underway, courtesy of the government, (yeah I know more fantasy lol). All this not without a lot of hassle, delays and who knows how far we are in the future. And there's BEM, now with in excess of 4 to 5 billion shares.
What next...consolidation?
Bingo, say 20:1 or 30:1 consolidation, the result, the SP exceeds 20p.
How much of Kallak remains in BEM's control when mining starts who knows, not even Budge. The winners here ATM are Vardar who can see an extra premium on the remaining c40% of shares that we don't own, should we wish to proceed.

I concur with that A1. All these Conservative 'knockers' always surface whenever they think or believe the MSM rhetoric that everything is doom and gloom.
They were out in force again yesterday.
The thing is, although they show their disdain for the Tory's, none of them will post here who they actually support.
machiismo being the latest, "I'm not a labour supporter but"
Yeah but, who are you?
If you support no alternatives then you have no vote. If you have no vote then you have no voice and if you insist on having a voice, it's worthless.

Manufacturing PMI 55.8 above expectations, doesn't sound much like doom and gloom to me ATM.

After last night's outrageous diatribes from a certain section of the left leaning society posting on here, now might be a good time for everything financial/Lloyds related. Instead of the constant irritation of disgruntled voters who came second on Thursday 12th December 2019.
Here's an interesting article written for the guardian, so some of the above folks may have already seen it. :~)

Britain’s central bank policymakers are “duty bound” when they meet this week to push the UK into recession to cap rising inflation, a former Bank of England (BoE) official has said.
Adam Posen, who runs Washington-based thinktank the Peterson Institute, said that while the Bank of England would not want workers to lose their jobs, it should hike interest rates now to squeeze out inflationary pressures made worse by Brexit trade and immigration restrictions.
The BOE meet Thursday with an expected rate rise of 0.25%

Posen, who was a member of the MPC from 2009 to 2012, said the central bank needed to take more drastic action after Brexit reduced the UK’s labour supply and limited the flexibility of the workforce. Without a U-turn by the government on trade restrictions and immigration policy, the BoE must shrink the economy.
“The central bank has no choice but to cause a recession when a broad range of prices are rising at such a strong pace,” he said.

Note the brexit and immigration referral, it is the guardian after all, and a good source of info for some.
But tbf, the article does mention an alternative view…..

Opinion is divided among academics and City analysts over the next steps by the central bank, with some, including Posen’s predecessor on the MPC, the labour market economist Danny Blanchflower, arguing that rates need to remain low to protect an economy already heading for recession.
Blanchflower, a professor at the Ivy League university Dartmouth College, said several recent indicators showed the UK was already heading into recession and it would be irresponsible for the BoE to give it an extra push.

Either way, it's a recession from them.

Enjoy what's left of the Bank Holiday all and try and have a political free day if that's possible, I am!

p.s. good post/points from fleccy last night from someone who's taken the trouble to go directly to the source.

"No compassion for people seeking a better life in this wonderful country. Unable to comprehend that people have a right to live where they want"
machismo, you're not 2 faced, you're 50 faced.
All that above lol, mention treason and all of a sudden we're a wonderful country then it's full of your favourite word, fascists.
Confused or what. Lolol.
When in doubt invoke Godwin's law, that all you've got. Don't bother any more son, I dispare.

LONDON/SINGAPORE (Reuters) - HSBC Holdings (LON:HSBA)' largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. Ping An has set out its plan to split the company to HSBC's board, according to earlier media reports, which also cited people familiar with the matter.

"HSBC's top shareholder calls for banking giant's break-up - source"

https://uk.investing.com/news/stock-market-news/hsbcs-top-shareholder-calls-for-banking-giants-breakup--ft-2636886

Oops I stand corrected, apologies riskingit.
This looks better, 510,100,037

31st March to 29th April 510,666,692,662 less shares, so they are cancelled every month.

Plenty of would be administrator's on here this morning wanting to make changes or offering advice.
I'll add my twopenny's worth.....if it ain't broke don't fix it.
Just a reminder if you're thinking of making any trade's today, the market doesn't open again until Tuesday.

What does Biden have to do with Russia invading Ukraine? What does he have to do with a global pandemic? What does he have to do with inflation that is happening in literally every country?
Probably nothing, the liberals over here are blaming Boris. :-))

"The sp reflects the market value, not the true value"

Eric, the same could be said of many stocks where the SP fails to reflect the NAV, it's a common enough scenario.
How would you put a figure on the "true value," as you say the so-called "variables remain largely uncertain and/or complex."

BEM are not accumulating any assets, for a start they have no income. Of course they have some assets, they are listed in the annual report. But I would argue at this stage that Kallak would be classified as an intangible asset, value that if you can.
We are just one step closer to changing this, but BEM is not there yet.
Until then we have the market value.

"A year ago there was a great deal to suggest that this had real legs."
There sure was and didn't they perform Oaktree.
The last 12 months SP figures, show a low of 3.2p, and a high of 22.4 that's a plus of 700%. I would say those "real legs" delivered wouldn't you?

Takayama, sadly they (the Sami) have not given up........yet, they are still smarting, but they will.

The activist group "A mine-free Jokkmokk" has the plan ready and is well organized for the resistance.

"We bid our time. First, we must lie low and follow the process of an environmental assessment, which I do not think Beowulf will be able to do. But if the Land and Environment Court nevertheless thinks that this is a good idea, the opposition will really pick up speed. Then what happened in 2013 in Kallak is just a small whisper, says Tor Lennart Tuorda."

https://www.svt.se/nyheter/lokalt/norrbotten/ett-gruvfritt-jokkmokk-har-planen-for-motstand-i-kallak-klar

I posted this some time ago on the Lloyds BB. I think it's applicable here.

There's many on here who are disgruntled with the SP and can't figure out why. They may provide many compelling and convincing reasons, but they are 100% wrong when challenging a price level.
An asset price at any moment in time is always the correct price for one objective reason. It is the level where buyers and sellers meet in a transparent environment, the market. Even the AIM!
LT holders here are continually bemoaning the current SP given BEM have now attained the concession.
We know It's not expensive but neither is it cheap. Too many variables establish a price. The only accurate measure of value at any one time is the current price itself.
And today's value of BEM is £52.15 million.

Just saying.

"there's no damage in holding stocks long term, that are paying good dividends. Dividends re-invested are a form of growth."
I agree fleccy, but in LBG's case recently the dividend was withheld.

As for "the opportunities you've had to top up at sub 30p/40p/50p"....precisely, hence my comment about holding some cash for these opportunities. When the Lloyds SP closed the 'gap' at sub 24p (and I've said this before on here) every man and his dog jumped aboard, at least those with the resources.
Before covid Lloyds SP and the market were doing fairly well, most were bullish. Those that held and watched missed a big opportunity, especially if you couldn't 'top up' and lower your average.
As tragic as covid is, it presented so many openings for those shares on your watchlist and so many more that were not.
There seems to be a mentality among some that, when a share is purchased on no account and at any cost must it be sold at a loss.
I like volatility, it presents opportunities. But of course all this is hindsight, and with hindsight everyone's an investing genius and there's plenty of those on here.

Just saying.

IMO, you don't want to be fully invested when this current market turns. Holding some liquid assets is always prudent and never more so at this time.
It may drift lower, increase or plunge and the way things are going it's looking more like the latter. BWTFDIK.
Never be frightened to take a profit has been my mantra. You never get in at the bottom so why believe that you'll exit at the top, unless you're a buy and hold (forever) type investor.