Member Info for TheFarEnd

I'm done with being a vaccines expert.
This year I'm gonna be a foreign policy expert.

Just saying.

Just a facetious remark sufc, I'm aware of the current buyback numbers and I'm sure Asp will keep us all up to date periodically as he has done in the past.

60,000,00.00? becomes
60,000,000.00

60,000,00.00?

£200k for the last 2% to get BEM over the line for a majority stake of Vardar.
Does anybody think that during the last few years we have been involved with Vardar we (BEM) have been the sole provider of the finance.
Progress has been slow, just as well really, otherwise the poor ol' investors would have been subjected to evermore dilution.

With a majority holding, does that mean we will get something relevant in regards to the financial standing of this company or more importantly our minority partners.
Budge thinks this company is worth £10m, no-one knows what Vardar minerals are worth because they are under no obligation to publish their figures. Hopefully that will now change.

Just saying, agreed Gambier this company is all about Kallak, the sooner a decision is made the better. Perhaps the directors of Vardar are hoping for a positive on Kallak so they can gently sell their remaining stake to BEM as we prove it up and increase the value.

"The decision may be postponed."
Yer don't say S63, and what is your reasoning for that statement?
Can you explain the relevance of your statement to the RNS?

No worries Ww, it's just your post triggered a memory.

"would imagine Finland and Sweden will be keen to join NATO, what will Putins actions be then. He will still have a border with NATO no matter what he does."

Right on cue, Labour MP Diane Abbott and Independent MP Jeremy Corbyn have come out parroting Kremlin press releases about the Ukraine crisis. Both appeared on a ‘Stop the War’ panel last night to offer their pearls of wisdom on diplomacy and peace, with Abbott kicking off the event by blaming the West for increasing tensions, and claiming Russia shouldn’t even be treated as the aggressor.
“We see that the United States has decided that it needs to send US and other NATO troops to Russia’s borders. This alone should tell us that the claims that Russia is the aggressor should be treated sceptically. The destabilisation in the entire region comes from the continued eastward expansion of NATO.”

The continued eastward expansion of NATO to Russia’s borders? Would love to know where Diane picked up this piece of intelligence. The last time I checked, Estonia and Latvia joined NATO two decades ago.

HM opposition, I despair.

" think it will be great for day traders"
I think you may be right Falky, providing you read it correctly of course.
Volatility can be your best friend, saying that I didn't expect the market to recover so quickly on Friday. I, and probably most others just watched from the sidelines, but I have been moving towards cash recently.
Round 2 next week, Putin Vs the west with China in the neutral corner.....for now.
GL.

EU message.....
Yeah, but this won't apply to all Russian banks, otherwise how will we be able to pay them for all the oil and gas that we need.

.......brings fragility of European iron ore pellet supply to forefront
Apologies if posted before.

Russia’s invasion of Ukraine is already severely disrupting commodity flows which is going to further constrict supply chains in Europe and further afield.

Ukraine accounts for 10% of Europe’s imported steel, so disruption at mills is going to further tighten the continent’s already strained market and keep prices high for the near future.

Key Ukrainian steel producer Metinvest holds assets in the Donetsk and Luhansk regions which have been seized by Russia-backed separatists disrupting production.

Beowulf’s Kallak magnetite iron ore project is one of Europe’s most prominent untapped iron ore resources, well positioned to service the nascent green steel industry in Europe.

Kallak’s magnetite concentrate would shore up supply in Europe from a stable jurisdiction, while the ore itself would likely reduce the overall carbon footprint of steel producers given the ore can be subjected to magnetite beneficiation through conventional means to yield grades as high as 71.5%.

Mines in Sweden can be effectively plugged into the renewable electricity grid, and use hydrogen also produced from renewables to power mobile equipment.

Given that iron ore is already produced in Sweden by LKAB to highly stringent levels of environmental protection, Beowulf effectively has a blueprint in order to achieve its sustainability-goals, while the presence of the mines sets precedent and shows that mining and other activities can co-exist.

Conclusion: Whilst sanctions are an important and necessary way to restrict an oppressive regime, governments in Europe must also deal with the fallout from fragile commodity flows being disrupted on a huge scale. Mitigating this by looking within one's borders for high quality assets which would service Europe’s vital steelmaking industry seems a very reasonable thing to do.

From*SP Angel 'morning view' who acts as Nomad and Broker to Beowulf Mining.

Talking about "off topic" just a reminder, this week February 1995.
Even the weather can affect a bank's standing, although he is often blamed for it, it wasn't Nick Leeson that facilitated the demise of Britain's oldest merchant bank, it was in fact an earthquake, well sort of.

'Britain’s oldest merchant bank, Barings, collapses as a result of ‘rogue trader’ Nick Leeson’s unauthorised investments. Leeson had run up trading losses of over £800m whilst speculating on the Japanese Nikkei index. An earthquake in Kobe causes a huge slump in the Japanese stock market, making Leeson’s investments virtually worthless. Leeson’s increasingly reckless attempts to recoup his losses are unsuccessful, and Barings is declared bankrupt. Leeson is subsequently charged with fraud, and sentenced to six-and-a-half years in prison.'

Nice sunny start to the weekend so far, but there was an earthquake of 3.2 magnitude last week near Birmingham.
I know the weather is an "off topic" subject but you never know!!!

"The problem with this country is London"
At least your bin men have decided not to strike Brix, so that's one less problem for yer, down there in East Sussex. ('_')

Haven't heard from the Lloyds purists moaning about non Lloyds related posts today.
We always get a good response on results days but over 560 contributions how many were Lloyds related and how many Ukraine related?
Perhaps now you realise that Lloyds being a UK bank, as we keep getting reminded, are at the mercy of many different events around the world. Including domestic and now European/world politics of different persuasions.
Just saying.
Looking good for a bounce tomorrow...... don't know if there's a cat involved though.

"My ETH is looking good too"
You'll need that and a lot lot more if wee Jimmy Krankie gets her wish Gberry.

Yes, I was talking about the market Eric, not just BEM investors. It's not as if he just decided to invade, he was already in the country.
Suzy, It got serious for me when he moved his superyacht back to Russia. ('_') worrying times.

Remember when we had to smack the TV because the channel wasn't coming in clearly. Well I feel that way about far too many people, some of them are on here ……the Lloyds BB.

Disastrous day for investors, its not as if we never had any warning.
Out of all my stocks, BEM is the worst performer today (percentage wise).
I have taken a position here to await a decision so it is also the least worrying.
Funny old game this investment lark.

So much for the likes of bitcoin being a safe haven in times of volatility.
Down same as Lloyds c8-10%.
Just saying.

https://uk.finance.yahoo.com/news/bitcoin-crash-russia-invasion-of-ukraine-ethereum-solana-crypto-123342893.html

Bitcoin's fall has wiped 8% off its market value to $665bn in the last 24 hours.

88, that's the best plan I've heard so far today and I'm gonna join you, cheers.

The usual rhetoric at this time in the bank reporting cycle from the BOE.
I guess it makes him feel good as it's the banks but no mention of other sections of industry. It's just the banking sector that is responsible for inflation, hypocrite comes to mind.

"Bank of England boss Andrew Bailey has called on banks to use restraint on bonuses to help keep inflation down as he warned the “least well off” will be hit hardest by the cost-of-living crisis."

https://uk.finance.yahoo.com/news/bank-england-boss-tells-banks-110159751.html