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Well at 6 pence the VIP door is very much open!!!
Squirty - I did have an interesting chat with someone like that a few years ago - not sure precisely how much he was worth but at that time his interest was more perhaps directed towards RedT (as it existed then) and whether I would help him take it over. I told him that I though that RedT was ultimately dependent upon Vanadium and that instead he should look at BMN because they knew everyone in the VRFB market and understood the need to create a more integrated Vproducer/VRFBmanufacturer ecosystem.
Generally speaking I think that the people you describe are looking to get in via the VIP entrance rather than by building a stake with the troops in the AIM trenches
UncleJohn, thanks for your reply. Plenty of food for thought in them. One particular thing they helped me with was that I wasn't clear about the sort of PI I was thinking about who isn't investing. It's not the PI who has perhaps up to a £20m portfolio who is primarily looking at UK stocks. I was thinking about seriously wealthy individuals or groups who have portfolios in the hundreds of millions who are looking at global growth opportunities and who may even have investment teams on tap. They are borderline mini IIs, but still PIs. They have deep knowledge of certain industries and technologies or countries. It is this sort of deep pocketed investor who knows about rare earths, South African mining/resources, energy storage, or opportunities in Africa, etc that I was thinking about. We do have one in Acacia (Jose Borremeo), but he's been here even longer than my 9 years. It's the lack of apparent interest from anyone else similar who has more recently cast their eye over opportunities, perhaps had a chat or two with FM, and thought that building towards 5% of BMN at sub 10p a share is a good investment. These folks don't need years of annual results. They can see where technology or resource demand is heading, they can see increasing operational stability, they can see growth potential, they can see integrated value chains, they can see barriers to entry for competitors, etc and they back their judgement with early stage investment. I know there's a lot of choice out there, but the fact that no-one new of this type of PI appears to be dipping their toe in BMN given all the good progress being made is a niggling background concern of mine.
Still, Monday is a new day and maybe one of these folks will be turning up at 8.01am for their first tranche of shares!!
Medical stocks? Isn't that 1 of the 3 things to always avoid in life, along with weirdos trying to recruit you into a cult and dogs**t.
Squirty, I will try and answer your dilemma, as I see it.
1. BMN has not as yet produced any financials that would induce a large PI to take a large stake in BMN, and the market generally is not au fait with the progress that BMN has been making behind the scenes, in exactly the same way that you are probably not aware of all the "excellent" oppotunities available in the biomedical sector by way of example. Nor do I
2. An investor in FTSE 100 stocks is not going to suddenly invest in AIM co's or other small caps. If you look at the AIM index it was actually 40% higher a year ago. Therefore there are a lot of AIM investors who have lost a lot of money (on paper at least). This means they do not have the resources to further invest unless there is a fundamental opportunity that is put under their noses by the financial press. This takes us back to point 1.
Only my analysis, but I hope that it helps. Hence the major step is BMN showing ongoing growing profitability AND a significant upgrade in Broker's target prices. A steady increase in the Vanadium price will assist as well.
I completely agree with the 4 absurdities you state and the comments about the MMs being able to rinse and repeat short tactics to take money from the short termers and gamblers, but I'm struggling with why there still appears to be no new II or significant mega loaded PI who sees sufficient value at this level (or any of the higher levels we've been at) to start building up a major stake. I appreciate you've been adding to your holdings, but you've been here a long time. It's the lack of new major investors who don't appear to see even 6p as worth dipping their toe into the BMN water for that bothers me somewhat. Surely there is one out there who can see the absurdities you cite alongside the clearly improved production stability at Vametco and the healthy positive cash flow that the current V pricing is generating as being an excellent entry point. These folks aren't bothered about timing the exact bottom of the market, they just start accumulating at levels they see as good value and wait for the returns and yet there remains no evidence whatsoever of any sort of accumulation going on at present. For me, that is the biggest concern about BMN that I have at the moment for all the absurdities and progress being made.
Alfa-Brilliant summation. Investors hold fast and will benefit. Our day is not far off. Description of FAR very concise.Ludicrous SP at present. I wishh i had more money to put in.
KN
Excellent Alfa, thankyou for all that on behalf of longterm investors. I for one know our day will come, when genuine demand exceeds longterm supply caused as you say by a combination of the spread bet syndrome and market manipulators. Once the financials start to improve, as will be seen in the half year results, matters will change and new investors will quickly realise what they are missing out on. Just my opinion.
UncleJohn - you are correct - the SP of 75 Million is absurd.
... absurd when compared with Ferro-Alloy Resources' 66M valuation - they produce less than a tenth what we do, from old scrap they have had to buy in, and based in the puppet Klepto-state of Kazahkstan
... absurd when the 3 Kiln production infrastructure we will soon have at our disposal would have cost 300-400M USD to build from new - see, for example, the A$700M already spent by atlantic on Windimurra to try and get back up to a production level of 4,250mTV (7,600T V2O5)
... absurd when you consider our strong downstream links with multiple VRFB manufacturers, one of which we own a significant (and controlling) stake in, right at the point the VRFB battery technology comes on stream in a big way (and hell do we need it now !)
... absurd when you realise that within 6 months we will have up and running the world's largest Vanadium electrolyte facility in the southern hemisphere, right on the doorstep of the biggest economy in south Africa, right at the time that it starts to grapple with its notoriously bad carbon emissions at the same time as fixing Eskom supply intermittency.
The real reason that the SP is at this level is because AIM market makers simply act to punt out shares they got cheap in a placing, and if they did not get them cheap in placings then they sell short, knowing that they'll be able to drop the price back later on to raid those naive enough to gamble on spreadbet platforms or foolish enough to think that the short-term SP is the true measure of the business.
The trolls know all this which is why they spend so much time knocking companies rather than really understanding them.
The market irrationality, maintained, as it is, by a very restricted AIM investor base, can exist until the next herd of traders turn up to try their luck on a short-term punt that the Market Makers are happy to sell into.
Real investors know the true value of the company and hold long term, and the really smart ones buy more shares in good companies when they can see that the market is giving them irrationally good investment opportunities.
KN, I too agree with your comment and I may even break my own internal rules to further increase my BMN holding.
Alfa, I really would appreciate your current take on where we are with BMN as the SP is absurd when compared to the business that has already been built and will be coming on stream. Ignore the trolls.
Alfa -nice to hear from you again and congrts on your holding so many shares
Your faith in this company will I trust be proven correct and then we will all celebrate .
I for one am happy to be invested in something I believe will shortly berecognised by the wider world as essential and good for humanity.
KN
16.83 Rand to Dollar.
@HarChris - It all depends on the H1 results. Exactly what is being sold into the US and at what price is a little muddy. If we're hitting Fastmarket's assessment of the V price then there is potential for positive numbers. If so, I agree we could
see an impressive re-rate.
However, if, for whatever reason, those results are poor then it's going to lead to a lot of questions being asked about whether BMN can finance its debts.
I'm not going to predict what the share price will do under either scenario.
@Alfacomp - you were simply telling people to buy while you sold and bought back low. Telegram group had you sussed too by the sound of it.
So by your logic @cindercone BMN isn't undervalued and yet you think there's the potential for a near term re-rate? So for BMN to be fairly valued currently you must also think there's a decent chance that BMN will soon drop to 3p too?
Evidently it would take far less to go right for BMN to be back at say 15p (almost 200% rise) than it would take to go wrong for BMN to end up at 2.8p (50% fall) and in my view that makes BMN undervalued with a very positive risk/reward on offer.
Calling out your lies Cindercone. I have more BMN shares than I ever have had, and now more than Fortune himself.
Love your analogy.I have to agree too about BE which has been a big let down so far. I. Am still hoping though.
No need to move on. I'll continue to call out individuals who abuse the respect they've earnt to willfully and deliberately manipulate others into losing money so they can profit.
Suffice to say we disagree. And by a very large margin.
However my post requested that you move on from your personal issues with particular posters. I am trying to treat all of your posts with respect. However the deliberate misspelling of someone’s name is just so childish that it makes that very difficult.
And worth remembering that your insult was aimed at a person that knows far more about the science of vanadium and energy storage than you will ever do. Sorry but it just comes across as a bit sad. Move on.
@Pdub
I'm not sure that BMN is undervalued. The price reflects the company's bottom line and the fact that Mojapelo is to PR what Bernard Manning was to race relations.
As for BE, that element of the business was supposed to be a key value driver, but Nikomarov has been so utterly hopeless in conveying any sort of business model - or anything at all - that I'm more looking towards other players in the vanadium space to drive the demand that BMN needs for future growth.
Right now, I'm purely focused on production and the V price, which thankfully has the potential to deliver positive H1 results and a near-term re-rate.
Andrew my post was not aimed at anyone in particular, only trolls in general.
As I said before if you are not a troll then it was not about you.
I have now remembered that it was you that incorrectly said that the sp was falling at 3% daily when it has been flat for a month. You are not squeaky clean so perhaps a little less protesting.
Everyone gets insulted here. There's no way you're getting away with it. The very fact you're an investor here is insult enough nowadays.
I am a genuine Investor in BMN, had have only made 4 or 5 posts since joining this board a week or so ago ! !
In that short time I have now been called
''A total narcissist'' by SIPPmeister
Accused of being ''A troll''
and
Mikinaman posted a Wikipedia page excerpt about me probably being some American cyclist (maybe) called Cappa ? ?
WTF ..... !!
Andrew you seem to think I was addressing you. If you are not a troll (please look up definition for yourself) then I was not referring to you.
But thank you for your interest in my posts. I am trying to reach a wide audience and good to know that you have responded. I look forward to further constructive dialogue with you.
Regards Paul
I think there, uve got a lot less shares than virtually everybody else, so I don't see what you have to worry about on that kind of amount. Not that u should be worried at all.