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Junkie,
You went from
'Considering the sh1.te that you have spouted on this BB, you don't get to play Mr Innocent.'
To
'Well i can't remember half the bulk that you've spouted.'
So if your memory is that bad why are you trying to lecture others, 50% memory retention is really poor, even for a BMN investor ... ?
Well i can't remember half the bulk that you've spouted.
But now you admit your a fud spouting ar.se not Mr nice guy.
You're actually full of crap and think you're not, which is hilarious
Wasn't wrong though Junkie was I ...
Coffecups
Considering the sh1.te that you have spouted on this BB, you don't get to play Mr Innocent.
Get back in your box
With production and costs on target to meet guidance and with the exchange rate where it is we are all but certain to post significant positive EBITDA and v. likely to post an overall net profit. With the exchange rate moving so heavily in our favour anything above ~$36/kg will see BMN swing to profit and what we have seen so far from H1 is V prices in every geography well above that - I make it something like $42.5/kg in Europe, $43/kg in China (slightly less than Europe when factoring in tariffs) and much higher in the US, perhaps $53/kg (erring on the side of caution here, some think it far exceeds that).
Now look at the geographic split in 2021 - Europe 29%, China 3%, RoW 21%... US 47%! With demand evidently high in the US this year and with prices so elevated do we not agree that we will be selling AT LEAST as much to the states as last year, if not more?
Tl:dr whilst nothing is proven til we have it in black and white it looks highly probably that H1 produced considerable cash flow for BMN and unless V prices sink dramatically in the second half of the year we will return to a net profit in 2022.
“ When they spun ATM out the writing was on the wall, ”
Hahaha what absolute nonsense. I cracked up when I read that. Pure comic genius
I would say that with dilution of only 13% over the last 3 1/2 years at a time when the company was expanding and V price had fallen demonstrates that FM has worked hard to avoid unnecessary dilution. And most of that was to acquire Vametco and Vanchem which increased BMNs capacity to generate further revenue.
I see nothing at all to suggest that FM is likely to change that strategy. And as a large shareholder himself I can’t see him wanting unnecessary dilution.
Just my opinion
Coffee cups how do you know BMN is not going to be profitable in 2022? H1 already looking strong with higher V prices particularly in U.S. and sales to the US increasing. Expansion plans won’t all come at once so time to raise significant funds from revenue.
No suggestion of significant dilution at all
Another criticism levelled at BMN is the complexity of the business. This definitely simplifies the company structure.
Codejunkie,
I don't need to call you names to get my point across, i've been invested here since 2011, been investing on AIM / penny share market much longer than that.
I've read every RNS and watched their games over the years, always grateful for the opportunity that BMN gave me but truly believe it could have been so much more.
A significant shareholding is rarely more than 25% ....
B.E. needs funding, mikhael will use this as a cash out point when it presents itself.
B.M.N will spend all of its cash this year - will need to place to carry on developing the mines, paying wage rises, increasing the BODs salaries, wait until Mokopane has to be funded if you want to see the confetti machine.
Any miner that is not profitable and needs funding is getting kicked in the fork by the market, this will be lucky to hold 5p.
When they spun ATM out the writing was on the wall, the pen hand is just being drawn downwards now, St Vitus dance.
Makes perfect sense to hive off BE. Raises the distinct possibility of a reverse takeover of MUST by BE with BE able to raise funds for this independent of BMN. No dilution of BMN!
Also we currently have no value for BE. This gives it value and as with ATM I expect shareholders to receive shares in the new entity. At that point we all get a value from BE, whether you hold or sell.
Finally BE retains significant shareholding in BE and would profit from future dividends or sale of shares.
Furthermore this new entity would need to buy vanadium / electrolyte from BMN.
Sorry but I see this as a positive step forward.
Just my opinion
You're all making out its something bad...no one even knows what the deal is, just making crap up summising what will happen.
You all say only RNS'd information can be believed. Well, it just says spun out. so that 's it. End of conversation
Why are you all creating this crap. You have no idea what the deal will be, so you'll have to wait and see.
Cofffeecups, calamari et al, you're just a bunch of FUDers. Clearly short and thinking that this will make any difference.
You've all bee saying for months that BE does nothing, so how come you suddenly think its worth SOMETHING?
Amazing isn't it, how you fixate on something that people know little about, in fact probably a lot of investors don't even know BE exists..., and try and create a situation that doesn't exist yet.
bunch of t.wa.ts
Carve out BE from the mother ship? S5itshow, just deleted my original post as too angry to be rational. Bloody furious.