Affärsvärlden issues a new sell recommendation for the exploration company Beowulf Mining.The company warned on Friday that the money will run out in the second half of May if it does not manage to raise funds in some way.The newspaper's analysts are skeptical that Beowulf will manage to secure a sale of Vardar in the coming weeks, or ever. The chances of attracting new investors to Grafintec are seen as very small. That some investors would agree to money invested in Grafintec being diverted to solve Beowulf's problems appears even more unlikely, Affärsvärlden assesses. "Beowulf's biggest hope now is probably that it manages to raise a few million in a rights issue with a huge discount. If it does not manage to find such a solution, this will probably end in bankruptcy within the next few weeks. We are taking the opportunity to issue a new sell recommendation for Beowulf," writes Affärsvärlden.