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well this is only going one way unfortunately and we the shareholders will get fa of the proceeds. lots more ****e will come out about bmn and we're be lucky to see anything if it goes in to administration. another basket case of the aim run by clowns.
£0000.00. That's the only six figure profit here.
TB, the other post from this plonker that made me chuckle.....
'We use a number of custom built AI tools for stocks and success rate is over 80% so far. Cant really go into the details as we have a few clients paying over 6 figures per year for the infos'
Or losing 6 figures? massive risk here
Wildtiger, I think you need to question the output of your AI model! It needs a bit more I
wildtiger
Posted in: BMN
Posts: 2,208
Price: 1.025
No Opinion
Added more17 Apr 2024 11:19
Bought another 2m shares since yesterday, thank you sellers!
Without days like this it would be hard to make 6 figures in short period of time
Even if they receive money from SPR and Acacia now they will need to find 7millions shortly to pay orion and need some working capital too.At this point placibg would sort out funding issues but would wipe out shareholders certainly.We may see Vanadium entering a supercycle again but Bushveld wont be around.
Is this where they delist and buy it offline? Dodgy scummy rats
Belco/lemur/brits/resource:/ BE other bits and bobs.
I know unlikely to see past £100m
I mentioned this RNS was coming last week and here it is. To think some nutters were buying shares and still are.
I warned years ago about that crooked piece of sh*t Fortune Mojapelo and was serially abused by the likes of that moron Alfachump and his acolytes.
RIP Bushveld Minerals.
Added more, what a gift. Nothing has changed really
Yes but half has been sold/in the process of being sold to SPR for $22.5m and so that now comes out at $45m (non distressed prices). You can see how, when it comes to vultures sifting through the remains, we aren't likely to see a sum of well over $100m in total.
Harchris didn't we pay £$65m for barely functional Vanchem plant which is now firing better than ever. Fingers crossed the reserves and the real estate is worth £200m
Yeah,aims not for investors.
The first $100m would go to creditors, i.e mainly Orion.
At market rates the assets would still well exceed that but at distressed administrator prices I'm not so sure.
Same Halespur. AIM shares are pocket money for me now, building up small positions slowly. Main pension is in a cheap passively managed index tracker fund.
Nice to see the full Ask being paid….if it’s not too much to ask can we see a higher Ask? Above a penny would be nice…. Lol
PS Still own some in my SIPP so still involved and need a reversal. I'm in the same boat as many and lost a few years savings in here from 2018 onwards adding.
For me it has been a lesson in investing and diversifying. Single shares probably should be play money and rest in funds now for 15-20 years
Thankfully sold some at 93% loss instead of 96% lol. Surely what they own is worth multiples more than £15m Market cap if administrators get involved.
Lamps
dunno m8,the bottom line,is the comps at the mercy of the vanadium price.
and can the comp,gain funds to keep it going,until the v price improves.
you cant blame the bod,or certain poster for commodity pricings.
anyway,,gla....ime sure the bod,will be trying everything,to improve the situation
What now ?
There is "ore " in the ground but extracting it commercially is key here.Some oil and gold mining companies were in the same position but dont think you can compare vanadium with them two commodities.Company has debt to pay and there is no cash flow at the mintue plus it is not making any money at current vanadium price.This cant go on forever.
Thanks Troajan, about to say the same. Market doesn’t seem to have the same pessimism as some of the doom and gloom merchants who have lately reappeared on this Board. I just reduced my average considerably. Vanadium ore still in the ground and record production figures. Will be back to yesterday’s levels in no time.
Actually.....buys are ticking this up atm
over the ask,is being paid
And no buys in sight. Sorry to say (and sad) this seems little more than a dead duck.