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I am thank you beginerman. My fifth holiday in Cornwall this year. Making the most of retirement while I still can. That is what having a positive attitude is all about.
Oh bless Pdub. Good to see you enjoying yourself. I have broad shoulders do your worst.
Good to know that you are as rude as the rest of us Beginerman.
Bit schoolboy childish messing with someone’s name. Welcome to the gutter. Lol
Knuttie by name: if the cap fits.
BEginerman I never suggested that are a troll, however if the cap fits wear it
I see the that the POS trolls have been hard at work all day.
They don't like the bounce of 6.75p,well better get used to it because there's plenty more news coming out from our contacts in SA. that can not be ignored. But this group will be the last to here about it you are so far behind with your research.
Xgroup making high purity electrolyte from taillings,kiln 3 expending expectations, the AMV plant.ect. now that is a secret.
Can't say anymoor at this stage, it wouldn't be condisidered good form.
Maybe these trolls will do the world a favour one day,they certainly won't be missed.
Knuttie, troll ? Not at all. I just do not always agree with the unquestioned support of the BMN Board
Pdub, by all means continue with your bad manners and bad language. You obviously do not like being challenged about your posting behaviour, hence your foul mouthed response. I will continue as I please posting my views and comments, as no doubt will you, however I will not stoop to respond to further taunts from you. Your superior attitude does you no favours.
Beginerman I am very grateful for your advice on how to behave on LSE.
Having given it due thought here is my conclusion. I would politely suggest that you shove it up your ar*e.
As always very interested in your opinions about BMN and I hope that you continue to express them here. However when anyone, including myself, offers opinions on a public bb they must accept that there will be responses, some of which may not be what the author wishes to hear.
I will continue to support or challenge opinions as I see fit and I have to warn you that includes yours. However annoying that may be it’s not going to change. So brace yourself for the next onslaught!
Pdub, you may be puzzled; possibly much the same as many other shareholders could be in BMN as to why despite the rooftop shouting of the prospects by some , that the SP is well below its issue price! You mention RNS’s, all well and good but not good enough for the market to make any significant impact upon the sp. These are my views, you have yours, I do not question yours, so please be polite and reciprocate, instead as performing as some bar room barrister every time someone has a contrarian view to your own. Yes I am a holder of a few shares and I find, despite my liking of the green credentials, and hopefully good prospects for SP advancement, that being a holder very frustrating.
Codejunkie “Up until proven Pdub. There is no performance. Groundwork yes. Performance....not so much.”
In my opinion that is so wrong. As I explained earlier a good incentive scheme will take into account a variety of measurable performance targets. The BMN scheme does just that.
Shareholders understandably focus on share price but if the share price falls (and that seems to be how AIM works) there would be no incentive for Directors or employees of any company to work hard and build a successful business.
Fortunately the excellent progress made by BMN during 2021 will probably be recognised by the Remuneration Scheme, which is why it was out in place.
Anyway a good debate Codejunkie but for me it has run its course.
Enjoy the rest of the weekend.
I totally agree, the valuation is absurd.
The share price is totally unreflective of BMNs progress and achievements. If it was the SP would be £1.50 at least .
No extra statements or PR campaign would make any difference. People are just being impatient.
It’s happening . The aim is to end up paying dividends to the share holders. I wish I had more money to invest. There is no bad news here . Stop moaning .
You were sarcastic. What do you expect?
Why withdraw lamps. It's a debate. Not an arguement.
CJ - suitably chastened by your Shakesperean plays on my chosen soubriqiet ‘lamps’ I withdraw from the debate and will rejoin when we are all rich. In the meantime GLA. This is a really great investment.
Up until proven Pdub. There is no performance. Groundwork yes. Performance....not so much.
Codejunkie like everyone else, including the Directors, you are very frustrated with the share price.
However no good remuneration policy would be solely based upon something so fickle and beyond company control as the share price. This is certainly true of BMN. Take just a few parts from the 2020 annual report.
This for instance:
“… As a result of the volatility in the market regarding the Vanadium price and exchange rate, RemCo implemented a collar and cap approach for the “consolidated economic profit” target. The intention of the collar and cap on the vanadium price and foreign exchange rate is to ensure that management are protected from factors that are beyond their control but also to limit the upside, should the vanadium price and exchange rate work in their favour.”
They recognise that variations in V price impact on profitability so have a mechanism to level out for both low and high V price.
Again look at the list of component targets related to the Short Term Incentive scheme:
“Short Term Incentives
Consolidated Economic Profit
ESG (all measures are equally weighted as illustrated below
Community (number of business disruptions)
Personal targets and Outcomes
Depending on the participant’s role, personal metrics and targets were set and evaluated with reference to the following performance categories:
f. Organisational Health”
Folks saying Directors shouldn’t get bonus because share price is low apparently don’t understand how incentive schemes work.
Remember the purpose is to incentivise good performance, not penalise because shareholders aren’t happy with today’s share price. The large shareholders will understand this and the pi’s stating that they want to stop any bonuses have very little chance of success.
Just saying it as I see. I have no doubt in them for developing the company, but you're paid for actions and results and, being fair, it has not shown yet. So asking for bonuses etc when they have left people dangling for a couple of years is not really on.
It will turn around,I have no doubt or I would have sold out at a loss and moved on. But you can't expect extra renumeration for something that you can't show results for.
for me, when tis moves reasonably, they can have all the money they want. Not arsed. But as it stands,they can get the same as last year until that happens.
Dimmed Lamp seem to think I wanted board changes. I'm not in that camp. FM is central to this company and its future but he can't expect extra cash when he has been paid and the results are not there yet.
PR is shocking(until this week - it has improved slightly). You can't run a company without broadcasting your achievements or progress - people think that there is no progress and bail. this has been our problem. people bail chasing money elsewhere. I've been sat here for three years - far less than most - because I'm involved in VRFB and know where its going..its just time.
Unlike our friend, dimmable lamp, I have real experience with VRFB - using Scmid product - and know how good and the real benefits. I also understand to some degree how the the mining industry works so I know how slow things move and how the market sometimes undervalues juniors. They also do no t understand mining companies who morph , like BMN has done.
My point is. In the real world if you don't produce results or proof of working towards progress, you don't get bonuses. We all live in the real world - even if its dimmable
Codejunkie much of that is speculative, for example we cannot be sure that “ they could have kept the SP at a reasonabe level by keeping shareholders informed. ” It is not an unreasonable assumption but it is nothing more.
Anyway for me it seems that what the BoD have been guilty of is being very focussed on building the business, perhaps at the expense of PR etc.
Fortunately they appear to have had considerable success at what they are doing and we all have shares in a company that has put in place the building blocks for a very successful future in my opinion.
Even the critics of the PR would have to admit that 4 good RNSs in 2 weeks is good going.
Putting it a different way. if you went to work and you're working on a project, then you ask you employer for a payrise - and they asked, what have you done to deserve the payrise. if you answered them, ' I can't tell you yet, but you'll see in 3 months' - what do you think their answer would be? 'thats ok, here's a 10k payrise'?
Don't think so. They would want to see results and proof that what you are working on is going to bring in revenue....
If you can't see the similarity, your dimmer is down to 10%
Did you actually read what I said correctly? clearly not. Lamps. But it would appear that your lamp is not lit.
I said FM & the board are the correct people to make this work, but in the times when they have overstated guidance and missed deadlines they have been taking wages based on being an up to speed company, when in reality its not yet. And...again they could have kept the SP at a reasonabe level by keeping shareholders informed. They are actually lucky that someone hasnt come in and done an predatory takeover at the price its at...at which point you would be complaining because you'd be stuffed as well - even if someone paid 300pc for the company its not even close to what its worth - And with the amount of shareholding changing hands in the last few months that could have been a possibility.
If FM was forced out, I would sell, I said this before. He is the man to get this company where it should be but they have been taking wages as if it was cooking on gas, so to speak. and it hasn't been.
The company has more than most and is in a position to do extremely well and I hope it does because I have a chunk in here , but that doesn't change my view on renumeration. It's all been kept far too much in the dark.
Sitting there creating a company whilst the wider market knows absolutely nothing about it makes absolutely no sense - you're spending money with no return because no one knows about it.
I don't want board changes,I want procedure changes and them to take bonuses when the fruits of the work are on display. Until then, they shouldn't be taking wage increases or bonuses as cash or shares.
Maybe just your lamp is a bit dim,if you don't understand that
Mixing metaphors after too many beers. I’ll be pi**ing in the moon before long.
C***junkie et al: not ranting, not criticising, or even suggesting that the soubriquet of every poster undermining my investment seems to begin with a C, or that all most of the informed comment begins with a P, but this line of sack the board, deny them their contracted bonus etc. etc. is just howling at the wind. They are doing OK, and the dynamics of market influences on this very high profile AIM stock defy analysis. It baffles me, but it will come good because it is the perfect business at this confluence of 21st century chaos. I’m in.