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Well I didn't buy in at the peak and its still fairly disastrous for me, down ~45% which I'm sure isn't the highest, but its a lot of money for me.
Still not selling, no point and I still believe the vision gong forward.
Is be amazed if a UK high street bank did that.
Yes a number of them do that provide investment management services alongside retail, but with a fairly significant haircut. Hoares Bank, UBS, Credit Suisse do
I think Nedbank PW do in the Channel Islands, although it may have to include discretionary management........
Daisyydog - which bank allows you to borrow money against a shareholding ?
Try telling that to the bank when you want to use it as security against eg a mortgage.
well DD .. perhaps you should read what I wrote... my point is about holding long term
I am however, very sympathetic to those underwater and might remind you I was almost 70% underwater when Bushveld owned only 25% of Vametco !
Not to be dogmatic Daisydog but it is a reduction not a loss until you sell up.
Fara. It really is a ridiculous comparison as you select the start and end points. From 48p to 11.5 p in 2 years is an annualised loss of around 50%. I and many others bought some st that price.
Extremely low risk on a 5 year timescale.
Over that time period my only reservations are; a cheap takeover or ill health/unexpected departure of one/both of the two men most crucial to this company.
Excellent post Faramog, I agree completely. My concerns are well voiced but I see this a very low risk on a 5 year timescale.
2/2
Africa time burns bright and this is just taking longer, but if the world CV19 shock has shown anything, it is the need for a lot more distributed working and a lot more home reliance. The renewable power bandwaggon was alreadly rolling firmly down the road, but all I see now is more urgency and greater willingness to rollout - all of which means storage .... our time is just about to arive.
I am pretty fed up at the low trading range not least because I have to wind up my mums estate so really would rather it was a lot higher... but hey ho...
Many thanks to Corbs: I only caught the latter part of his posts, but he (like so many here) has made a difference.
1/2
Well if you look in the last 18 months to 2 years then many stocks are lower, but that is not an investment timeframe, but a trading one. And before anyone goes all keyboard warrior, that is, in my opinion. (Don't mean you @bassguy ha ha)
Those who invested 7 years ago at circa 5p, I just point out (and made no comment on risk) that 12.6% annualised would not be considered a bad investment. I got in first at 2p, then 1.6p and a big tranche back at just over 2p about 4.5 years ago. On that large block my annualised rate is 47.5%, although my average now is around 6 because I have bought in the last couple of years particularly as risk fell.
My point is not one of risk, and Alfa makes the excellent point that pretty much all the risk has been taken out. Just look at the headlines:
- 74% ownership of Vametco - full control of the cash-flows
- Full ownership of Vanchem - heading for 25-30% of total production
- production de-risk with multiple sites
- BE Electrolyte plant that will be operational within 6 months
- Mokopane licence granted so future offcut revenues are possible short term
- VFRB partnerships and stakes to complete the vertical integration
etc .. etc .. etc ...
If VFRB crashes and burns, in 3 years we should hit 8,400mtv. With a slightly higher vanadium price in the $30-$35 range that should net circa $100M profit, and if VFRB does fly, then a lot more
Whatever happens.. win win... risk largely removed. Despite the poor comms and PR, FM has a long term strategic vision and despite a few setbacks and delays has really delivered on it.
So whilst those getting in at the start (many having met personally FM and bought into the story and the man) have had a long hold, those who got in at the 50p peak will just have to take a proper investment timeframe to hold (ie longer that less than 2 years).
Whilst we are on AIM, we will always be subject to both manipulation and lack of visibility - we are after all seen as a one product minor commodity miner in a junk status country. Thing is, unlike the lazy bolly-swillers, we actually know how good the investment is and how solid the finances are.
How did Buffet get really rich ? - Bought unloved, undervalued companies whose underlying fundamentals were solid and had strong potential and grew the value.
I made my point not to rub anything in, or bandy what-if points of time, but to demonstrate that those who invested and held long term have already made pretty decent returns ... just no where near what is to come.
Buffet likes a timeframe of 20-30 years. At 12.6% annualised that is more than 1000% at 20 years and 3,500% at 30 years.
thanks Alfa, and for your info over the year, its a no brainer IMO with regard to our future and current SP. I literally can't understand how they value us at just 11p.
I also think they took it down to 10p for people to load up cheaper, mates rates for those in the know, we all know it happens.
Every day is a day closer to the ESKOM situation playing out in a positive way for BMN. Further I reckon there will be a massive cycling of money from pharma stocks back into BMN over the course of the Autumn / early winter as investors realise and or reconnect with the opportunity here. Best strategy? Be in early or be a LTH ;-) Good luck all BB
faramog - that 12.6% is a relatively low return given the risk that was undertaken back then but the good news is that the risks have all been removed and BMN is on the way to becoming a major global energy player. At some point this will be more accurately reflected in the share price, probably once the Market Makers have been able to load up on shares.
If you want to understand where BMN can go then you only need to look at similar AIM listed hydrogen power plays ITM power (ITM) and Ceres Power (CWR):
ITM Power: Market Cap £1.2B, revenue £4.6M, never made a profit
Ceres Power: Market Cap £936M, revenue £15.3M, never made a profit
Assuming you bought in at the very peak, then yes it's been a disaster. Disaster that the only thing BMN couldn't control was the vanadium price which is likely the main reason it got there at that time. Everything else, they've done brilliantly and AIM does not represent the true growth. Looking forward to a dual listing which will hopefully see a helping hand.
Hiring a marketing/social team wouldn't go amiss. If they currently have one, they need intensive training. That's my only gripe but that's nothing to do with the V price or company progression, the latter coming on great IMO.
Hehe now do 2 years Fara...
:)
If you go back slightly further the SP was 1.3p so even better.
Faramog what a ******* good observation.
Just to point out for the weak of investing types, 7 years ago 5p, now 11.5p... that is 12.6% annualised
Just in case anyone thinks poor investment
Oct’13 for me as well