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Marc, If you've invested £160,000 as you claim then you should really know your company and markets better than you've demonstrated recently. Might as well go to the races or casino!
Mind you, if theres one thing about AIM is that research means little. How often are shareholders reassured before it all goes titsup eg HZM for one.
You are a gambler. This share is a lesson on averaging down. Throwing good money after bad as the ship sinks and hoping for the best against the odds. CC actually warned investors to wait in his last conference call, but you bought another million shares at c0.76p after the Vanchem sale RNS, which you did not understand. If you hold, fair enough, hold and hope, if you are prepared to lose it all like I am with my remaining 100,000 shares, but you are risking a hell of a lot on a sick horse. I lost a fair chunk here too but I at least salvaged some to spread the risk and not rely solely on this to make it back.
Sorry for the sucking eggs speech, its your money after all. The answer to your question is BMN owns some Mustang shares. ....ATB!
You know what, there was a time when people contributed and acted in a fairly civil manner on here. I don’t come on here to pretend to be a BMN expert. Anyways, interesting to see how things change with folk on here as the bear market rope tightens…
Best of luck you miserable lot, I don’t need your daft responses and negativity, so it’s bye from me.
I really hope you are wrong. I hope he is way too busy to look at the rubbish here. I'd be really concerned if he did see it as appropriate time management.
Is it just me having issues typing a post on this rubbish website? Keyboard plays up, and have to wait a few seconds to be able to type again. Phone is pixel 8 pro
Jesus … with such a question - juveniles such as you , really shouldn’t be here.
Alleycat1 - people like you are the reason why BB's like this end up becoming a sesspit. Congrats on adding zero value.
Marc
Naive, you ?
Never
@ Lindon - worry for being naive, but how does this Mustang RNS relate to Bushveld?
RNS Number : 9598N
Mustang Energy PLC
10 May 2024
Summary
· The boards of Mustang Energy Plc ("Mustang") and Cykel AI Plc ("Cykel") are pleased to announce that they have reached agreement on the terms of a recommended all share offer to be made by Mustang to acquire the entire issued and to be issued ordinary share capital of Cykel (the "Offer" or the "Acquisition"). It is intended that the Acquisition be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme") between Cykel and Cykel Shareholders (or, if Mustang so elects, with the consent of the Panel, a Takeover Offer).
1.911 New Mustang Shares in exchange for each 1 Cykel Share
Based on this exchange ratio ("Exchange Ratio") and a valuation of £1 million for the current entire issued share capital of Mustang, the Acquisition implies an offer value of 9.37 pence per Scheme Share and values the entire issued ordinary share capital of Cykel at approximately £19.22 million.
Look on the bright side .s lot of negative bull,,,,,.here .
There is plenty of good things that can happen .past the worst now
Https://cleantechnica.com/2024/05/09/vanadium-flow-batteries-are-coming-for-your-gas-power-plant/
Alpha has been wrong about most things relating to Bushveld. An academic with a very entrenched position regarding VRFB’s. He still doesn’t get it. The Lights are about to go out Son. Stop telling us all how many shares you have. There are billions in play so your 15 millions are worth very little. Get a grip.
People are kidding themselves if they think a potential rise to $35-$40 is going to take 4 weeks. More like 4 months.
I don’t mean anything, except that V prices are turning green across the board. Happy to have a bet with anyone that US will tick up alongside China. Is this not positive?
Suspect that Craig looks at some of these posts the same way that Pep looks at Football Manager experts (apologies for esoteric analogy).
Reality is we can all speculate what the intentions are, but nobody knows for sure. We'll find out soon enough though, but IMO the bottom's not in until most investors believe BMN are going bust!
'Why else do you think SPR want the deal done before end of May'
_____________-
SPR are keeping BMN afloat and in return acquiring 100% of Vanchem instead of 50%, at a knockdown price.
That day corresponds with the next payment to BMN from SPR, the $5m, so if the deal is rejected or falls through before May 31st the $5m will be withheld and BMN will have to find a new lender or halt operations.
None of these entities are second guessing or pretending to predict short term price movements in V.
"Craig was parachuted in to rescue BMN" - Was he? Yes, but what does rescue look like? Does he have the skills/contacts to make the best possible deals? Both of the deals have been badly constructed and the former executed. SPR's actions/delays have led to this and frightened Acacia away, unless they're part of the scam by withholding money. But as I said I accept its all but done bar the token voting imo. The move to acquire the whole of Vanchem started last year.
It would be enlightening to know what the debt, other than Orion's, was back then and what it is now. We seem no further forwards after both these deals and a fundraise.
I recently said (before I looked at this properly), that this deal would improve BMN's chances of survival, but it does not. You would expect him to make a deal that gets rid of all remaining debt bar Orion's, which is ironic considering most of that was spent on Vanchem, but also ensure there is enough money to pay the $7M due next month. A clean slate for what has been given in exchange. That is a rescue, but this is more like the asset strip I described last year.
Next up Vametco because of Orion debt, future capex requirements and the current low V price meaning it is loss making. You need to run a credit facility in order to survive until it rises, which everyone believes will happen. Might as well close Vanchem down today if he cant make that deal. Ask the Chinese, technically SPR still dont own anything, but the sands are running too fast for alternatives, apparently.
I think the bottom line is if China V prices increase, so will eventually US prices, they are surely linked intrinsically.
Why else do you think SPR want the deal done before end of May, I bet they have a better handle on global V prices than us retail folk relying on Asian Metals!! ;-)
If that's what you means Lamps?
Craig's spoken about this twice now. The strategy they set out in December relied on the price to at least average what was being seen in Oct/Nov, which he considered conservative, but it has fallen between 10% and 17% across their markets since and that in conjunction with all the messing around from SPR and Acacia has led them to this position.
It appears you are yeah.
In 2023 March was when the highs were seen but by May V had sunk considerably. The 360 day prices are what needs to be compared as that's when Craig started, so you'll see from that site that V was low when Craig started mid 2023 and now all prices are have fallen considerably year on year (360 day column).
Also asianmetals isn't very reliable for the US and it's that price that's sunk the most since Craig took office.
Am I missing something?
https://www.asianmetal.com/VanadiumPrice/Vanadium.html
Craig was parachuted in to rescue BMN before it was too late but has been dealt far too many blows that are beyond any person's control since.
He started with V just about high enough to enact a credible strategy and raise the necessary funding but ever since it has crashed. On top of the pressure that the falling V price will have caused SPR then failed to provide the $12.5m when it was needed causing an immediate cash crisis long before it otherwise would have come about and significantly affecting production and capex strategy through q1. Acacia then goes on to pull its $3.5m funding (likely because of the knock on effects described above) and we get to where we are with none of the plan being able to be enacted and another cash crisis.
Considering the position BMN were in when he took on his role (cash $3.7m, debt $94.4m, V $30/kgV) the deal with SPR and completion of Orion CLN funding and strategy were sound as far as i'm concerned - the difficulties since, one on top of the other, would be hard for any person to overcome.
The writing is on the wall with regards to Vanchem. Vametco I think is a sound wee business with demand for its product, albeit the steel sector. Need to hear from Craig on this but it was the more profitable plant with lower running costs. The weakness here is that expansion is limited and very expensive. The age of the plant means continued sustaining capex. FM said one of the first upgades was to be a new ballmill. ($20M?) That can be deferred for so long but will need money spent on it in the future. And the barren dam. Thats not paid for yet, is it?
CC is a great Operations man but not a deal-maker or strategist. SPR by contrast certainly are. Never got us out of the frying pan, or if he did, we are in the fire now. Maybe SPR will give him a job running Vanchem next year. Meanwhile the rest of us need a miracle and quick.
Lamps56 - In that case, were doomed, all hope is lost, run for the hills, I would touch BMN with a barge poll, etc.
There we go, I feel better already (just dont mention my heavily underwater shares)!
Not sure he has the numbers or alternatives
https://www.miningmx.com/top-story/56780-bushveld-minority-to-vote-against-firms-bailout-asset-sale/
Oh come on Marc. Why should we let facts and rigorous analysis get in the way of stress relieving screams of frustration. We are all doomed!