Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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Been in for maybe 1 year, its sad that we dropped again, though my average is down to 19 as I have added in dips, however I do believe in the future of BMN, so what was a several year holding patterm has just become a bit longer, irrespective of how many held, it will be nice to get back to 20, anything more may be a longer way off unless IMF pull a rabbit out of the hat, GLA all Isa time pending so will round off the figures.
Numpty, Thats a really nice way of looking at it... BB
Northern-monkey (great name, you from Hartlepool?) I have been here since 2013 and have just over 250,000. Trust me on this. It will mean more to me and you in the the long term than those with a million or two. They are already minted.
Great post Northern _Monkey. You are spot on.
post recommended.
Great to see you posting again Northern_Monkey. You make very valid points!
Our SP is very much as it was in 2017 today, and we can be sure that if the maintenance team are able to work in restricted numbers to ensure that the plant is in tip-top condition for the restart and if any pre-procured plant could be installed within this time at either Vametco or Vanchem which may liberate an increase in throughput that may be very important for the rest of the year, if the business was still able to get close to the year target, with 3 to 6 weeks lost due to the CV, then this would be a very happy situation. Then add in hopefully the conclusion of the Enerox deal and an update on the East London Electrolyte plant with some news on the critical BESS project in SA we could see very swift recovery.
The next few weeks we are I fear likely to sit in the 8 to 9p range, not because people would not like to add at these prices but because many investors will be severely restricted in their ability to have spare money to add. But once the operations are re-opened there is no doubt the market for vanadium is going to switch back onvery quickly. China is already coming back on stream and they are likely to be looking for additional supplies, let alone the market opening for VRFB projects needing V205.
Glencore is highly likely if they have been building stocks from Largo over the last year will be keen to see the price rise. Largo will have there own market opportunities being created. In a recent communication, they are looking at V203 production that could be suitable for some vanadium electrolyte opportunities. We should be pleased that they are wanting to feed into the VRFB market. The key to unlocking the VRFB world is to have multiple supply chains so energy companies can be sure they will be sure of supply to meet the needs.
The opportunities coming post CV for the renewable energy market is going to be very solid indeed. We can't restart fossil fuel production our planet and the people need to vote for this with their own actions where affordable.
Let us not lose focus with where we were before the CV took the market into contraction and where we really should be.
Please all take care and keep safe.
Cheers,
RK
Excellent post. Number of shares is meaningless. Everyone's shareholding is important to them and everyone's buying has helped everyone else. Personally I can't stand people grandstanding the size of their shareholding. 10m or 10000, everyone is currently in the same boat, hoping South Africa's powerful early interventions work and that Bushveld come out fighting on the other side.
GLA.
Still here and will be for some time yet. Bought my first lot in may 2018 @ 23.95 and continued buying when I could with highest price paid 49.9 ( Yes 49.9) in November 2018. Most recent purchase at 10p. The progress that BMN has made in the last 24 months has been staggering. Was I happy with my purchase at just under 50p? Yes, I was. Obviously there is some frustration now but thats only because the price has dropped back. I am fortunate to have age on my side, this was always a long term hold for me adding when I can. Like many here ive always been impressed with Fortune and Mikhail, both in interviews and more so by their actions. The list of of CEO's and directors of AIM companies that are all mouth is just endless. But not here with BMN.
I dont claim to be nowhere near as knowledgeable as some of the regular posters on here, but I can read and process information and for me it all is pointing in the right direction. All markets have been shaken by the whole Covid 19 outbreak, but im treating this as a buying opportunity when I can, of course caution should always be exercised, but I am happy to increase my holding, targeting to reach 150k shares. Not a lot by the standards of some here but everyone's financial situation is different.
Once things turn around there will be demand for Vanadium for steel and for the battery side, the battery side being the most exciting. The green credentials of investing in a company that can revolutionise the energy storage market also adds huge appeal for me here, that alone has the potential to dwarf the demand from the steel side. I will also second a comment that was made earlier that rest assured Fortune and Mikhail, im sure, will use this extraordinary period to their advantage.
GLA and thank you to the regular knowledgable posters for their informative contributions.