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ha ha @Bassguy .... what are you suggesting he he
Conspiracy theory #678:
JSE has been planned for years
Golden Summit are a friendly entity
Duferco deal for Vanchem "renegotiated", shares offered.
Golden Summit sell shares pushing price down in time for CLNs
Duferco aquire additional shares but intend to hold long term.
GS shares somehow sit in a pot / friendly entity/ BMN holding or the like and appear for JSE launch along with another raise to expedite expansion.
Possibly everyone involved wins bit sp supressed for extended time until JSE then pop.
Some very large sells again today. GS or maybe someone else? Whatever, these seem to me to be the reason why we are stuck in this range at the moment, not the naked short theory, but the moment will pass and we will see a re-rate.
Of course, no problem when this is 50p everyone will be happy bunnies
With respect, it was a polite reply. No one is shooting anyone. This isn't America.
Sanchez yes I do, additionally I also think that the model being created is complex shoot me again.
Fosters you may we’ll be right, we’ve had plenty of good news to advance the SP over the last two years. I would like the news to be explained simply, over the years we’ve been told many times by FM that the market doesn’t understand fully, well explain it in a manner so that everyone does, add to that the secrecy around backers and groups and maybe this is what is keeping II’s from investing now. Too many conundrums to unravel here at the moment, oh well I’ll just have to be patient, eight years and counting.
Fosters, do you not think success with Eskom, electrolyte production and a move up in V prices would deliver that result?
Regardless of some of the obvious tensions, remember, also what happened at the end of Erongo and post-placing. However they are being handled, there are significant transactions happening at the moment and they will have to end.
Also, the JSE shares will of course have to come from somewhere.
I suppose what annoys me the most is the constant noise of, this is soooo under valued and that in 3 months 6 months 9 months it will be massive u just need to wait it’ll all come good... well I have held for ever topped up topped up more and still we Are languishing at these low levels. It just strikes me that there is no belief from the market in bmn despite all the positive news and the future potential...My average is pretty low however I did purchase a large sum at 28p I suspect I will get fkd for saying this, But I really can’t see when this will rerate it certainly feels like not in the next 12 to 18 months
Well people are free to make whatever comments they wish about common sense. What is interesting is that a post founded on common sense has already attracted nearly 50 recommendations !!!
Say what you like but common sense seems to prevail. And long may it be so.
Like some others on this BB I believe our share price is being suppressed, I'm not really sure why (maybe the JSE listing?) but it's a fact that Duferco stand to benefit massively from a low price as their convertible loan note to equity option would equate to a much larger percentage ownership - at these prices it could rise as high as 14%.
This is worrying because, understandably, their intentions are unknown.:
Do they sell off in an orderly manner for considerable profit leaving us PIs an Erongo like persistent overhang for months?
Or, are we welcoming a committed long term II whose interests align with ours? The latter would result in a significant share price re-rate.
Also, I reckon Fortune must be aware of what's going on behind the scenes especially if it involves Duferco.; I just hope Fortune's cool with things and an II's interests won't prove detrimental to the loyal long term PIs. The next few weeks before the CLN date will probably remain jittery.
Incidentally, does anyone think Duferco might already own a large holding of say 2.99% or below not eligible for reporting?
A P/E ratio of under 3 for a producer/developer, what can one say (sigh)
I haven’t read your response, because my comment was meant to be lighthearted and not towards you, I think the SP control/movement/manipulation needs to be confronted, because we’re not seeing true value now, what’s to say we ever will.
Sensible comment tones77777, however we all said this a couple of years ago ;).
In time I am sure it will come good however, just hope its not always 5 years away, recent events suggest things may be coming to a head so there hope of a change in fortunes (ha) soon.
Gla
I totally get everyone's frustration here and the radio silence. I see it as a fantastic buying opportunity that won't be available in a few months.
The Dailan VRFB battery completion due soon which is going to show the world the alternative to lithium mass storage batteries is possible and the traction that will create within the industry.
BMN have the Escom tender and once contracts are granted will show the world what BMN are capable of and the completion of the electrolyte plant and many more contracts in the pipeline I'm sure.
These 3 aspects, 2 of which are in BMNs hands will ignite the VRFB touch paper and with B.E at the centre with no one coming on line in the next few years at least what do you think will happen to the share price in 2021.
I've got brain fog today but I think you get my meaning.
The last 4 years have been gearing towards the Escom tender and the reason for radio silence.
Then of course the supply and demand deficit will push up the cost into the steel sector.
I'm probably one of the most impatient people there is but 3 more months of these shenanigans is what I expect until the news and subsequent profits really take hold.
Just my 2p worth
Gla
I'm hoping the communication will change significantly next year and their media presence.
If I’d have received a pound for each common sense post I’ve read over the last 2 years, I would have more money than the amount my shares have appreciated by in the same period.
An odd response Fosters.
Common sense or not doesn't change the sp
tones what a pleasure to read such good old fashioned common sense. Excellent post.
7 years I've been in here...hardly short termism
The sentiment on this board lurches between euphoria and despair. It will soon go blue for a few days and everybody is then kicking themselves for not topping up.
Although the current SP is frustrating, the Board have proved time and again that they are delivering the strategy. The fundamentals remain very solid.
Perhaps a moment for some soothing words from Warren Buffett: -
"The Stock Market is a device for transferring money from the impatient to the patient."
"If a business does well, the stock eventually follows"
Just checked in again for the first time in a few weeks and surprise surprise its down!
On the one hand its a great buying opportunity, but on the other hand the last few years have been an abject failure.
The share price matters and we all want a return on our investment as we cannot bank positive news or sentiment.
We all know BMN is making progress but year after year if the share price still heads south we have to accept something is wrong.
So frustrating.
Back to sleep for another month and will see what my loss stands at then.