Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Jelly why did you mention my name? By doing so you effectively invited me to comment … so I did. Had you not mentioned me I would not have participated this evening.
Lesson to learn I think.
Jelly what does not make any sense is that you say the future is VRFB's but BMN is not going to deliver.
At does not matter if they do not make VRFB's as they will be producing electrolyte at a multiple premium to FeV or supplying the V205 for the VRFB market so will be making money from it.
If VRFB are the future then there will be rise in V prices and the rental model will be in full swing also.
PDub
My text is also my opinion but as you say my opinion is nonsense. Also whilst I wish you the best in any ongoing treatment, why do you constantly mention it on a BB.
Jelly as you mentioned my name (which I did not ask you to) I will respond to your point about something being wrong, a cheap takeover on the cards and things beyond the skill set of management with a very simple answer: NONSENSE!
You have no evidence for any of those statements. In fact IF you have read properly the recent RNSs you should understand the huge amount of work being undertaken to offset the effects of COVID, sort out the unreliable production at Vametco and push forward with plans to further increase production, secure ore supplies to Vanchem and develop the various BE activities and partnerships.
These are not the acts of a management team out of their depth as you suggest, but a BoD doing exactly what is required to lead the business through tough times of low V prices and a global pandemic, whilst at the same time moving the business forward. Stop staring at the short term share price and focus on the business. If they are getting that right, sooner or later the market will understand.
It is fair to say that not all has gone to plan (hardly surprising!) but they have been flexible and adjusted well to changing circumstances. Like everyone else I would like to see the story being told better through improved PR and a complete change of policy with regard to depending just on Q Updates to release news. But the BoD are running the business rather well given the challenges they have faced.
For those selling at this low price well that is your decision. I need to raise a lot of money shortly for some private health care that the nhs won’t provide. I will be doing everything I can to avoid having to sell any of my BMN shares to pay for this. I remain convinced that the foundations are being laid for a significant rise in share price so giving them away now for someone else to make profit from seems a bit daft to me. The rising V price trend over the last 7 months or so is a real bonus.
All just my opinion.
I agree, however markets will price forward , and this drop, in more favourable conditions than we have seen fora while is not warranted unless there is trouble at the mill.
VRFB are the way forward in my humble opinion, yet the market is clearly saying they do not believe BMN is the company to deliver. Just my opinion. I really hope we see some change soon. FM needs to be put on the spot at the AGM. But I am guessing only questions from those that fawn over him will be allowed.
Pretty obvious that its unloved hence the 50% drop in the sp since January whilst vanadium prices continue to increase!!!Why did the sp double between august and January??Anyway, long term I believe VRFB's are going to be a significant part of the energy storage landscape and in a few years this will come good again
Bmn is clearly unloved , how on earth it's down here when Vanadium has surged since January is beyond comprehension. With the bad news apparently out of the way it still drops.
So I think it's fair to say that someone, somewhere knows more about what's happening at Bmn than us mere mortals. And it's obviously not good. This has been relentlessly sold down as we all know. I have been slated by PDub and others for even suggesting something might be wrong. I stand by my theory that FM has taken this company as far as his skill set can.
Certain ex posters on here have an unwavouring belief in him , but even they must now concede the ROI on this share, this year, has been abysmal and change is needed to get this company back on track. My guess is a T/O is coming at a silly price. And to those who say the PI will not accept it, I beg to differ.