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Happy new year Coffeecups.
Pub,
Gutted for you that your first positive supporting post was taken down by admin, 10 years in the making and no doubt silently removed by one of the background Twitter/Telegram BMN groups.
Secondly if,
" I am hoping that will show continuing cost reductions and stable production at or above target. For a miner and producer that is very important news."
If that Doesn't happen where does that leave us all ?
Well Q4 Update should be available within 2 - 4 weeks and I am hoping that will show continuing cost reductions and stable production at or above target. For a miner and producer that is very important news.
there is no current plan to get off aim though is there FB ? Either a list change or via RTO would both require shareholder vote approval and there is no vote.
I guess it is just 'Imminent' !
And yes @knutsfordnotary ... my view as well is they all agree a deal works and just agreeing final detail. I get the feeling they think the litigation is either small beer or will just get thrown out.
A stream of solid good news would be very welcome .. well .. any news actually ;-)
there isnt any point beating up the company about not getting off Aim, when the RTO by MUST has been held up by a legal dispute not instigated by BMN.
Jelly11-how about taking the time to check out what the BOD have actually achieved last year before blaming the BOD
I wouldn't say the SP indicates the board is out of its depth (yet). What it does signify is that they're arrogant and couldn't give a toss about investors. That's why I feel zero loyalty to the board, either they deliver on their pledge to create a value-generating vertically integrated Vanadium business or they should get out of the way.
jelly, would you say location is a factor in SP languishing where it currently is? As far as the business is concerned, it hasnt become a bad business in the 2 or so years I sold up to go all in EUA. hence why I've kept it on my list of future investments. Though I definitely didnt expect to have the opportunity to re-buy below 9p.
Yeah so you keep saying jelly yet around you stick.
I think and it's only my opinion, the market just does believe in the management of BMN. A board of directors that simply does not engage with the shareholders unless it suits them. This is why certain shareholders have so much belief in FM, they have clearly met him and the charisma and self belief he has shown them has convinced them that all is ok.
The last year has seen a 60 pct fall on the share px, so called peers, rivals, have seen a gain in their share price. , Yet the underlying factors are for all to see, BMN has the stronger case yet the share price languishes, this is purely down to the BOD , who are out of their depth, Aim has nothing to do with it.
We can but hope that a 2nd solid quarter, strong forward message and the institutional roadshow investors will start to buy in
Vanaduim cost of the business is 24-27$/KG in the last trade update and they are averaging 35$/kg also on sales. As long as they just meet production I cant see how the shares wont reprice, either that or im buying another tranche.
I would also point out that in any sensible market the progress made last year by BMN would have resulted in a share price recovery of some sort. BMN have done the right things to move back to profitability, just as they said Faramog, but this warped AIM market doesn’t seem to work properly.
Anyway that’s all from me.
These posts are of course just my opinion. Other opinions are available.
So on that positive note there have been so many positive steps forward for the business in 2021 and I firmly believe there is a lot more to come in 2022.
There … that will wind up a few. Haha
I apologise for being positive and concentrating on what the company can control … their business activities.
Perhaps I should become one of the group that only focus on the share price …. Nah. If I have learnt anything these last difficult three years of my life it is to be positive. I’ll leave the negative stuff to those who are much better at it.
I think the nearly due q4/full year operational update will be key for the market. If BMN has shown a marked improvement in production this will change sentiment and trader talk.
I agree @fara but equally one could say that a CEOs time horizon for getting something done is not a few months... especially if hitting realistic productions targets is part of the plan to bolster shareholder trust.
Some months ago Fortune expressed frustration about AIM on a crux interview and would be 'doing something about the SP'...
So in a the achievements of 2021 that was not one of them @pdub
Loudspeaker mentioned that V prices are higher today than a year ago. Worth noting that although the Dollar Rand rate has pulled back a little it is still higher than beginning of 2021.
So withe costs in Rand and revenue in Dollars it all helps with those crucial margins.
Won’t be long before Q4 update is released. I expect to see continued stable production at both plants and at least in line with targets, if not better, and further production cost reductions.
Strange that a BoD that some are attacking so strongly has achieved so much in 2021:
Vametco unplanned maintenance (Q1) has achieved stable production rates above the target every month since.
Vametco costs have been falling and may continue into Q4, helped by strong US$ v Rand.
Vanchem production stable.
Work underway to open second kiln at Vanchem to increase production at plant to 2,600 mtV pa. Financing in place.
Work continues on construction site for electrolyte production. Partner IDC providing some funding.
Despite some questioning logistics, monthly deliveries still being reported for US market.
BE funding investment in Enerox through the very profitable sale of shares in Invinity.
Background progress on developing the Vametco mini-grid.
I understand there to be other developments within BE which the company cannot disclose (NDAs?)
Most would agree that communications are not great at times and no shareholder can be pleased with the share price. However there has been real progress with the business in 2021.
In my opinion it is necessary to build the sound and profitable business first. The market cap will follow.
All just my opinion but based upon published information and data.