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BEM drilling for 500 million tons of JORCed Iron Ore (BEM)     

bertyknows - 11 Jul 2010 18:50

Chart.aspx?Provider=EODIntra&Code=BEM&Si

http://www.beowulfmining.net/beowulf-mining-home.html

http://www.miningmaven.com/blog/51-blog/147-beowulf-mining-qaa-with-the-management

http://clients.westminster-digital.co.uk/minesite/microsite/events/67/video/index.aspx?companyid=67_5


High time this share was mentioned on here given their prospects in Scandinavia. The above three links tell most of the story so far and also the indicate the enormous upside offered to investors buying this stock as well as the huge disparity to its neighbours mining in close proximity to Beowulf. I have been slowly tucking these away between 3.5p and 5p with a target of at least 30-35p this current calender year. The management have been talking to Chinese investors this last few months and indeed they are due to host the very same anytime now. They are also announcing their latest drill results in the next few weeks. A great time to start getting involved here, a very proven management team and the stock is backed up with ample cash in the bank to fund more drilling. It would appear management are racing to prove up 500 million tons of JORC ore and then auction the company off to the highest bidder. They also have gold, copper and moly projects as well as the vast Iron ore acreage all for a market cap of 4 million. This truly may well turn out to be the stock of 2010/2011 and little wonder the Chairman says there's something not right why BEM is valued at 40 times less than its neighbours. DYOR and you'll see the potential.

bertyknows - 12 Jul 2010 07:21 - 2 of 38

right on cue! Fantastic news out, more iron ore and aquisition of more assets. Big rise coming today.

aldwickk - 12 Jul 2010 08:54 - 3 of 38

Berty

Can you put a chart in the header , please.

aldwickk - 04 Aug 2010 21:13 - 5 of 38

August 04, 2010

Beowulf Is Targeting JORC Resources Of Over 500 Million Tonnes Of Iron Ore By April Next Year
By Alastair Ford



Theres a momentum building up, says Clive Sinclair-Poulton of Beowulf Mining, in reference to recent developments on the companys Kallak iron ore project in Sweden. Just lately its been all about Kallak as far as Beowulf has been concerned, and for two reasons. Firstly, because the ongoing drill campaign there has been intercepting mineralisation deeper than expected, to the great joy of the companys key technical man, Jan-Ola Larsson, and to the reasonable satisfaction of Clive himself. Secondly, because the company has just picked up a whole slab of ground contiguous to the Kallak licence to the south, ground which the companys own internal assessments reckon may end up doubling the overall resource base at Kallak to close on 300 million tonnes.
The trick, of course, will be to get those tonnages proved up to JORC standards, because at that stage the many and varied economic scenarios that Beowulf has been running on Kallak will start to have real credibility. And its in the achievement of that goal that Beowulf is now focussing all its efforts. The drill rigs are still turning up at Kallak. As at 12th July the company had powered through around 1,600 metres of the planned overall total of 3,500 metres. Come August, and that programme is just about nearing completion, with the first assay results expected in September.

Under the companys original plans the idea had been to move the drill rigs straight from Kallak onto Beowulfs other major iron ore project at Ruoutevare, but with the acquisition of the new land package at the southern end of Kallak, Clive and his team are seriously considering getting down to work there straight away. This ground, acquired from Venture Exchange listed Tasman Metals, could be a significant addition to the Beowulf portfolio if it lives up to Clives, and Jan-Olas expectations. It looks like a continuation of the Kallak orebody, says Clive. We believe theres another 150 million tonnes there of similar quality.

Just exactly what he means by similar quality will become clearer when the results start to come out in the autumn, but anybody who remembers the Beowulf of old, and still doubts its capacity to deliver a real and workable project, should look only to Ruoutevare, where the company has already delivered a resource of 140 million tonnes grading 39.1% iron. That resource was the subject of a conceptual study by consultants at Raw Materials Group, the results of which held out the tantalising proposition that Ruoutevare could produce cash flows of over US$3 billion over a 15 year mine life. It wouldnt be cheap though, with capital costs estimated at around US$800 million. Not content with that, though, the company is hoping to drive the overall resource up to between 200 million and 250 million tonnes by April next year. The economies of scale from a larger resource would offer clear benefits, though for a company like Beowulf, capitalised at a mere 5.47 million, the sort of capex were talking here looks rather too heavy a lift.

But Clives not too worried by that. No-ones ever said that Beowulf would go it alone. Indeed Clives made one or two trips to China over the last 12 months or so to open up potential channels of communication there. Once weve got JORC numbers on the assets, well go out and talk to anybody and everybody about what weve got, he says. And hes not just focussing on China these days. Sweden may be the sixth largest importer of iron ore into the Middle Kingdom, but the European Union consumes a fair amount of iron ore too, and it would be churlish to ignore a friendly market on the companys own doorstep. Some sort of off-take deal looks inevitable when the timing and the pricing looks right, though that may not be any time soon.

Short-term the news to watch for will be on the assays from Kallak, while really beady-eyed investors will be keeping an eye on where the drill rigs go later this month. And for those not currently enamoured with the prospects of iron ore, its worth pointing out that Beowulf also has the Ballek copper-gold project in joint venture with Energy Ventures. This one isnt just pie in the sky either it has a JORC inferred resource amounting to 47,000 tonnes of copper contained and 52,000 ounces of gold. Not earth-shattering, perhaps, but not to be sniffed at either, especially now that Energy Ventures is making the running under the chairmanship of Jan-Ola Larson, and with high hopes of adding more resources in due course.

The real value remains in the iron ore, but theres no denying that Beowulf has other hidden gems tucked away in its portfolio, left over from the days when former chairman Bob Young would hoover up projects as if they were sandwiches. One or two of those projects may sparkle yet, but the shares will probably only gain real traction when that 500 million tonnes of iron ore is safely booked, and to the satisfaction of the Joint Ore Reserve Committee.



bertyknows - 22 Aug 2010 23:01 - 6 of 38

This share is at last starting to rock, don't be surprised to see it double one day this next week or so, way too cheap. Could get over 100p this next 12 months.

bertyknows - 23 Aug 2010 09:09 - 7 of 38

BMR loooooks the one this week.

robertalexander - 26 Aug 2010 09:21 - 8 of 38

back in again at 5.87p, took my profits at 6.38p. with hindsight could probably have a smidge better but hey a profit isn't a profit till its banked

aldwickk - 26 Aug 2010 10:19 - 9 of 38

I sold a few on the way up at about 5.90 and 6.89, want to top up again.

Robert, your buy at 5.87p did it show up as a sell ? i think a lot of buys are now showing as sells

robertalexander - 26 Aug 2010 16:46 - 10 of 38

didn't show at all! have L2[well till tomorrow any way] and didn't see it.

aldwickk - 26 Aug 2010 18:02 - 11 of 38

Edit my last post, also sold a few at 7p

aldwickk - 26 Aug 2010 18:04 - 12 of 38

Robert

If it was a large trade may show tomorrow as a late trade. or was it a Plus trade

robertalexander - 26 Aug 2010 19:50 - 13 of 38

twas for only 7612 shares hardly earth shattering. but that is still another 612 shares for free after costs.
Alex

bertyknows - 27 Aug 2010 08:31 - 14 of 38

not the best of updates imo,needed more meat on the bones so took profits hoping to get in lower.

robertalexander - 27 Aug 2010 10:00 - 15 of 38

with hindsight prob should have waited til today's results. however as they say buy on rumour[ie prospect of good results] sell on fact[ergo the not quite so good results]. that said dont think its a bad company and shall hold for the time being. i may top up on weakness money permitting. GL

Alex

aldwickk - 11 Oct 2010 16:20 - 16 of 38

Were is everbody have you all sold out at 8p , just sold 70% of mine at around 9.5p , last sell at 10p. shares have spiked up 30% today.

robertalexander - 11 Oct 2010 20:31 - 17 of 38

i did sell out at 7.75p for a modest profit because i am closing an account and was hoping to buy back cheaper today. oops. will wait a day or two and see if it retraces a bit. it was cheaper to sell than to transfer to new a/c, though today's rise would have paid for it 5 times over. :[
i will be back in these at what price is the tricky question

Alex

aldwickk - 12 Oct 2010 08:26 - 18 of 38

bit of profit taking this morning

aldwickk - 12 Oct 2010 08:27 - 19 of 38

are you back in Alex ?

robertalexander - 12 Oct 2010 20:08 - 20 of 38

not yet. need to wait the t+3 then swap cash to new trading a/c [t+3 tomorrow]

aldwickk - 12 Oct 2010 20:17 - 21 of 38

Ok , best of luck

robertalexander - 12 Oct 2010 21:17 - 22 of 38

just placed a limit buy for 8.75p though fear tomorrow may bring a bounce.[T+10 as money not ready til tomorrow at earliest] fingers crossed.

HARRYCAT - 12 Nov 2010 16:06 - 23 of 38

Nice chart. Sadly totally missed this one.

aldwickk - 12 Nov 2010 18:34 - 24 of 38

I sold to soon at 10p but still made a decent profit

robertalexander - 06 Jan 2011 20:31 - 25 of 38

nice rise today. any ideas why? long may it continue.

robertalexander - 11 Jan 2011 20:43 - 26 of 38

another double digit rise. keep on going. :)

ellio - 12 Jan 2011 10:44 - 27 of 38

Holy smoke, watched and watched, I feel an idiot for letting this one slip, have know about it for years, oh well, well done any holders, was an easy 5-6x, maddening.

robertalexander - 12 Jan 2011 20:06 - 28 of 38

was in at 5.87p sold at 9p back in at 15p sold half at 29p and the rest are flying. long may it continue. GLA

cielo - 07 Feb 2011 16:20 - 29 of 38

Ready for the turning by the way of the TA

Andy - 16 Feb 2011 00:09 - 30 of 38

FREE EVENT

The directors of Plato Gold Corp (TSX-V: PGC), Oracle Coalfields (PLUS: ORCP), Beowulf Mining plc (AIM: BEM) and ZincOx Resources (AIM: ZOX) will be presenting:

Thursday the 17th February 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/101

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.


If you have any problems registering or queries please email events@proactiveinvestors.com.au.















gibby - 09 May 2011 11:08 - 31 of 38

fantastic news - sp underpinned @ 45p - continued enablement of projects fast tracking

9 May 2011

Beowulf Mining Plc

("Beowulf" or the "Company")



Placing to raise 1,090,000



Beowulf (AIM: BEM; Aktietorget: BEO), the AIM and Aktietorget traded mineral exploration company which owns several exploration projects in Sweden, is pleased to announce that on Friday 6 May 2011 it agreed to place a total of 2,422,221 new ordinary shares of 1p each in the Company (the "Placing Shares") at a placing price of 45p per share (the "Placing") to raise 1,090,000 before expenses. The net proceeds from the Placing will be used to further finance the planned drilling, analysis, economic/conceptual and environmental impact studies on the Company's three major iron ore projects (Ruoutevare, Kallak North and Kallak South) and for general working capital purposes.



The Placing Shares were placed by the Company's broker, Alexander David Securities Limited, with both new and existing investors in the Company. The Placing is conditional on admission of the Placing Shares to trading on AIM.



The Placing Shares will represent approximately 1.49 per cent. of Beowulf's enlarged issued share capital. The Placing Shares will be fully paid and will rank pari passu in all respects with the existing ordinary shares of 1p each in the Company. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on Friday 13 May 2011. The total number of ordinary shares in issue following completion of the Placing, and the total number of voting rights, will be 162,218,910. Beowulf does not hold any ordinary shares in treasury and accordingly there are no voting rights in respect of any treasury shares.



The aforementioned figure of 162,218,910 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Beowulf under the FSA's Disclosure and Transparency Rules.



Clive Sinclair-Poulton, Executive Chairman of Beowulf commented:

"We are delighted with the continued interest and support of investors in Beowulf as demonstrated by this latest fundraising at only a small discount to the Company's prevailing market share price. These placing proceeds will enable us to further progress the exploration and development of our very promising iron ore projects in Northern Sweden.



With continued strong prices coupled with the increasing need for iron ore as a raw material in Europe and further afield, we believe that investing in drilling and development will show the quality and strength of our asset base."

gibby - 09 May 2011 11:08 - 32 of 38

should see some northerly movement!

gibby - 09 May 2011 11:10 - 33 of 38

some kerrchinnnnggg as news filters through!

gibby - 09 May 2011 11:12 - 34 of 38

btw 45.38p is a buy right now not a sell!!

gibby - 09 May 2011 12:02 - 35 of 38

level 2 looking good!! plenty buys dudes and so it should - fully funded - sp underpinned - news pretty imminent - last time this happened rns under 2 days and excellent rise

gibby - 09 May 2011 12:03 - 36 of 38

yeeeeeeeehaaaaaaaaaaa s

gibby - 09 May 2011 12:09 - 37 of 38

its all blue - roll on 50p / 60p+ where the sp should be

niceonecyril - 02 Sep 2011 08:09 - 38 of 38

Beowulf Mining positive on Swedish iron ore projects
Tue 2:24 pm by Jon Mainwaring and Jamie Ashcroft
http://bit.ly/qYwSre

Beowulf believes that Kallak South and Kallak North represent one large iron ore body
Broker comment from Shore Capital

Beowulf Mining (LON:BEM) said this morning that it continues to retain a positive outlook for the potential of its flagship iron ore projects as it reported interim results for the six months to the end of June.
The firm, which owns several exploration projects in Sweden, confirmed that it had received encouraging initial assay results from the first 22 holes of its 3,500-metre drilling programme at Kallak South. Earlier this month, Beowulf said that the drilling at Kallak South showed the ore body there extends 2.2 kilometres north-to-south, more than 200 metres east-to-west and its depth extends to more than 275 metres.
We have consistently stated our belief that the Kallak deposits have both depth and breadth, and the drilling results have confirmed this with initial results for the two Kallak areas combined suggesting the presence of a substantial iron ore asset estimated to be in excess of 600 million tonnes, said Clive Sinclair-Poulton, Beowulfs executive chairman. The recent drilling has also confirmed the quality of the ore, with high grades of more than 30 per cent iron being recorded.
Sinclair-Poulton added that the firm is currently awaiting assay results for the remaining holes drilled at Kallak South as well as laboratory analysis on the drilled cores. The drill rig has been relocated to Kallak North to test the true depth of the deposit there. We strongly believe that Kallak South and Kallak North are one large ore body and the presently ongoing 1,500-metre campaign will include drilling holes at locations between Kallak North and South to seek to verify this, he said.
During the period, Beowulf made a loss of 276,693, compared with a loss of 221,968 for H1 2010 and 474,395 for the whole of last year. At the end of June, the firm had 510,949 cash on its balance sheet, compared with 232,589 six months earlier; Beowulf raised 1 million in May via a share placing.
Beowulfs shares were up 7.9 per cent at 27.25 pence each at 8:38am.
In his daily note to clients, which featured Beowulf this morning, Shore Capital analyst Yeun Low looked forward to an upcoming resource estimate for the Kallaks.

Low claimed that a good maiden resource will be key to reinvigorating the share price - which, like much of the market, has come under pressure in recent months (it has fallen from a high of 75 pence in February down to the current price of around 27 pence). "We expect a significant boost if the company can demonstrate that Kallak is one deposit," Low said.
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