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My opinion is that past performance is not an indicator of future performance.
Many years ago there were drops this big at Amazon and Apple. If you had the conviction to ignore past performance then you would be a gazziilionaire.
Its not been great here recently I agree, but if they are expanding and building other things, the company can only improve.
I'm choosing not to follow the herd out of the exit door as I am luckily fortunate to leave the money alone.
I would not entirely agree that the graphs show a 'continued slide', there are positives. Regardless of the 10 year graph (available on google finance etc) showing it down to penny mark in the distant past, in the last year the slide has also been arrested and reversed several times at around the 9p mark. Back in 2018 the same price showed a lot of resistance to rising through it, so it is a psychological barrier that will encourage buying when it is approached, and the last few days have shown that. If however we drop to below 8.5p and hold that overnight (as opposed to just momentarily touching it), it does not look so promising. We are unfortunately in a waiting game, for redox batteries to become a more widely recognised option worldwide, and the SA govt's less than transparent workings are not helping.
Market is so illiquid due to the fact so many investors have been ""trapped" in a range of AIM shares as prices have drifted lower since May. Capitulation by some have led to further declines and the majority of those that have capitulated seems to have walked away.
The bright note is the recent spike up in COVID testing stocks again. This is good news is that it is unlocking liquidity that will spread out like a ripple on a lake and raise the rest of the market throughout year end and into 2022.
I have been fortunate to have been in this position and I have added to my holdings both here and in other battered down stocks. Fundamentals and prices are matching - once they start to wake up they will move quickly
Good luck
This is a perennial question. the graphs show you a coninuing slide. The SP is totally out of kilter with the progress in the business and with the vanadium price and with prospects for the market. The fact however is that the trickle of sellers is even greater most of the time than the trickle of buyers. Perception always lags reality and that is the case here. I confess this has gone on much longer than I could have anticipated. I am not going to predict when it will change, but when it does there will be a sudden surge of buying interest, and the paucity of shares will cause an exacerbated rise. Wait and see. Numerous LTH have given their views on the sp value, with which I largely agree. What we have little control over it timing. BUT it will happen.
Halespur,
The numbers don't lie.
Can use a 5 year chart on LSE as effectively if your platform doesn't have the 10 year one, I was being a bit factual on what I was looking at, I'll remember that's not required in future.
If you really want to depress yourself look at the three year chart, looks like a playground slide.
CC great trolling on the chart front. 10 year chart lol
Only ever the one account ggg ... you asked, I answered, take it any way you like.
I like BMN was a great ride up and been decent to trade for buttons since.
Shame about covid hitting as the BOD had overextended to pick up the 2nd plant, and lack of Govt integrated support and funding, they had to take it on to build volume for future production, short term pain, the share price doesn't matter to them now as they don't need to raise atm.
Once 2022 rolls around and the electrolyte plant is up and running things will hopefully change just in time for another Corbine Cup i'd reckon ....
Nice to see the sp bouncing upwards from 9.00p
Remind me CC are you the serial de ramper or the one with multiple accounts ?
Lololol unless a nuclear bomb is dropped right in the middle of Vanchem we are not going to see 8p breached and a tumble towards 1.25p.
ggggareth
10 yr chart
1.25p starting point.
ggggareth,
You can choose any number you like, a lot of the charting stuff is nonsense in that as long as the herd follow the numbers you give them to work on it will play out, news feed or lack of it blows it all out of the water to the upside or the downside so need to take as part of the whole and not the whole.
I looked at 8p as a line because from 8p it had very strong growth to 30p and then to the 48p area.
Look at the wick on the candle from 8p to 15p and then again from 15p to 23p, then the wick at 30 - 48p, three big over extended runs to hit that point, with three smaller ones in between 23 - 30p, and it all came crashing back down to .... 8p
A lot of AIM stocks are weaker than the main markets and tend to retest lows a lot easier / quicker due to the trading and placing nature of AIM therefore jitteriness of investors .. if you look on the 10 year chart 8p + baseline area is there 3 times, hence for me I would say it is obvious it needs to hold 8p, lot of space under 8p to the 1.5p starting point.
8p upwards = strong, therefore under 8p was the area of weakness, but you can apply the same to any number that you wish to choose, if you are right you are profitable, if you are wrong you aren't, every day is a school day on AIM lol.
For me the number that needs to be held is 8p and I hope the above explanation shows why.
Pdub it's you.
However you cut it the 8's arrived i do hope we do not see it again BTW.
All a bit dramatic. Plenty of action today with 42% Buys. Governments are elected on less than that. SP fell only 1%, which, in the context of the Omicron COVID effect, is quite reassuring. Hold Fast.
I cant believe where the sp has gone on this over 2021 but even at 30% down I firmly believe that at some stage this will come good again.We all believe in the future of vanadium and that BMN is a sensibly managed company-as opposed to some other idiots I hold on AIM{KEFI}.
ggggareth it is true that one trade today was completed below 9.00p That trade was for 70,000 shares at a price of 8.96p. The official bid at the time was 9.00p so that seller got ripped off!
Given that there were 113 trades today and not one of them completed where the official Bid was less than 9.00p don’t you think stating that the “8’s have arrived’ might be jumping the gun a bit?
Or is it me?
Nut shell(s): Slow progress esp. integrated model, 2-stage duferco deal, covid.
All 3 are still factors that are playing out. When they cease being factors, the sp will rise.
Well the 8's have arrived....
@coffeecups, I know this might sound like sarcasm, but isn't.
Why does it need to hold at 8p, why not 7p or 6p or 5p.....?
My opinion only but the shorters will try and suppress the price as low as it will go and keep it pinned low until as many shareholders as possible capitulate. Let's face it, there's all kinds of investors and some may not wish to wait long term, so it's inevitable more will sell. The upside is that eventually the shorts have to buy back. GLA, I think we'll be waiting until 2023 for a turnaround, but you never know.
ggggareth, obvious point I know but it needs to hold 8p.
Relax. I often tell myself the intelligent way of investing if I start to get cold feet .
Warren Buffet was the richest and probably the most intelligent person on the planet .
His philosophy was to investigate companies and fully understand all fundamentals of any company he invested in .
Bushveld is a typical example . Have patience. Just wait.
It will happen. 100%
Daisyd
Only if you sell!
If you have patience you will be saying " Best investment I ever made"
Per ardua ad astra !
KN
Sippmeister - you must own some pretty dull shares! That being said, I wish I had just put my cash in a tracker these past 3 years - I wouldn't be nearly 100k down!
For my investment time horizon the current SP, whilst not enjoyable viewing, is irrelevant. The company are laying the foundations of a bigger, better more profitable company. The SP will follow in due course.
Most exciting share i hold, despite being underwater to the tune of 40%.