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I’d just add that the time to defend the share was prior to the Vametco deal being done when Bushveld was being battered left, right and centre by equally unpleasant individuals but at that time BMN was a completely different animal. Once that first stone in the foundation was laid all their arguments were seen for what they were, scaremongering.
Take a break by all means PDub, this place is not worth getting overly wound up about.
This board does need you though, and I'm sure I speak for many when I say we want you to stay healthy and happy as the first priority.
It'd be nice to have you back posting with the rest of us when BMN makes the breakthrough that we know is coming though. You'll be a massive part of the collective "told you so".
Take it easy for now. VV
Pdub don't take it to heart. We are batting for the same team. You are one of the good guys I'm sure of that. So much is lost in text. I can't be bothered but the congratulations comment read as total sarcasm given the rest of the text. I don't want to score points and ultimately I think there is huge frustration due to the undervalued SP amongst many on here .. Long and strong is always my thought. Someone posted , live for now not the future , that struck a chord, it was a good post imo. . One regret over all this is that idiot troll trying to make ground over this. Glad no one listens. No apology wanted by me. Regards D.
Pdub,
Hope you are still here!
Please do not be driven away-your posts are usually most insightful.
KN
Now finally I have to thank you BasilBrush. I have been thinking for some time of withdrawing from posting on the bb (and possibly reading it too). I note Ophidian's comment and do understand the sentiment behind it.
It has become a very divided place with way too much abuse and argument (and I sadly admit to being a part of the latter). In my opinion there is far to much negativity and a significant overemphasis on daily sp movements.
Instead of being uplifted by reading the posts I just find myself getting more frustrated with the tone and nature of the conversations, most of which add nothing to my knowledge and understanding of BMN and the Vanadium market.
Life is too short for this. Time for a break.
Your comments aimed at me were in effect the final straw. I don't resent that as I believe you have done me a favour.
I shall now step back from participating in this bb. Who knows ... I may feel differently in a few days, weeks, we'll see. For now I've had enough.
In my opinion, BMN is a great company, with a great CEO and with great potential to deliver shareholder returns. I will not be selling any of my shares any time soon.
Good luck to you and all BMN shareholders.
The one thing I will not do at this time is sell any of my precious BMN shares. If I live a long life then I will enjoy the benefits of the significant increase in value that I strongly believe is yet to come. I have patience. If my time in this world is less than I had hoped for then the beneficiaries in my will are in for a nice surprise! I am happy either way (though I have a slight preference for the first option!).
In one sense those that enjoy good health are very wealthy. Trust me on that one! Would I trade my BMN shares to not have had cancer and for the rest of my life to not have to deal with the uncertainties that brings? Yes yes yes. Not a shadow of doubt in my mind. However I wasn't given that option. So get on with life as you find it and be positive. That is my philosophy.
The four purchases of BMN shares that I made in 2019 were small and comprised of some rationalisation of my portfolio by selling old holdings (at considerable loss) and investing here, topped up with a little bit of spare cash. That's it now. Nothing left to invest. BMN is now my only significant holding. I am very comfortable with that.
Now BasilBrush if you still feel that I need to apologise for my original post then I unreservedly do so. You decide.
If you still think that all of your responses were fully justified, so be it.
BasilBrush I am sorry that you are so angry about my Friday 09.39 post. I am prepared to apologise to you about that post but I do request that you read this. Things aren't always what they seem.
Firstly it is important that people read posts carefully. I agree. So let's start with what I wrote:
"Congratulations BasilBrush. We are all here to make money."
That was a genuine comment. I did not criticise your trade at all!!!!! I congratulated you.
"Unfortunately your small trade and even smaller profit helped reduce the value of my entire holding."
That was a statement of fact on a day where we were seeing selling and a falling price. That one trade would likely have little or no effect, but numerous trades like that would collectively have an impact. I perhaps could have chosen my words more carefully. However the statement is true.
The remainder of the post was a reference to the fact that some appear to be trading this, judging by the number of small pi style trades, and perhaps that makes me a bit naive for being a long term holder and not trading. However I will remain just that because I firmly believe this is a great investment for those with the patience.
Now I need to examine your responses.
A holding of over 400,000 shares is a considerable investment by any standards. Please don't assume that you know my thoughts. The reason that I have never revealed how many shares I hold is because I believe opinions should not be judged by the size of the holding but by the quality of the post. I stand firmly by that.
The only reason I referred to my current position in another post was because a troll made a childish comment targeting me. I hope you noted that I ONLY referenced my % profit (ie paper profit). You have no idea what the actual amount is yet you conclude that I am wealthy. Why?
I have only invested what I can afford to lose. That is why I can be calm about my investments. I received that advice before I began investing. Given the number of poor investments I made when I first started I am truly glad that I followed that advice.
I guess you targeted this comment at me:
"I don't need some wealthy t** telling me I'm undervaluing his already comfortable life. Greed of the human race really ****es me off."
Perhaps I deserve that. You decide.
I am retired and have been living only off my pension. I do not claim poverty and do manage to live reasonably well as I have no mortgage. Cancer did make for an unpleasant 2019 and has certainly changed my outlook on life. As one charming commentator wrote on the bb this morning I may well be one of those investors dead within 10 years (or a lot less). So in order to enjoy life I have recently started to spend my small cash savings .... after all what am I waiting for?
(To be continued)
OK, well if you don't want sympathy don't go on about showering in rain water. that sounds like a lifestyle choice not a reason to have a go at pdub.
many people want to live like that!
I mean yeah a few of the regulars here can have short fuses these days, but i don't actually blame them having seen the games afoot here. and the massive number of sad little no lifers like this new one we have here this weekend.
But with regards to you selling, i have no issues, its none of my business. I feel happy with the company, happy we gained some %, but its a shame we were taken back down almost as fast as we rose. I always seem to top up when we have had these rises only to then drop, oh well a few pence here or there is nothing in the scheme of things, i'm back to red in my isa and just above red in my 'dealing account'
c'est la vie
The board is becoming very tetchy already this weekend . See you all on Monday when the troll will once again be history.
James, I stated that I'm happy and live a stress free life.i I don't want your sympathy or anyone else's. Can't really understand how you got to that conclusion. Most of my holding is a SIPP made up of 2 company pensions and one private if you want to know. The last thing I want to do is sell any shares but there are times when I have no choice. I know that is the same for others. I get slammed for devaluing Pdubs value, but no praise for raising his value with my original investment . A one way street for some. Anyway good luck to everyone , I hope it's a good year for us.
Whilst the story is compelling. You have ~86 grand worth of shares. Most people in this country dont have anything like that, be it in savings or stock, the poor me act comes off a bit glib in that context..
Thanks Bonscott , I love my life, and let my mind be free from the ****** of the rat race, I pay a price for it , but I'm happy with that. I don't need some wealthy t** telling me I'm undervaluing his already comfortable life. Greed of the human race really ****es me off. Yes I want more money only to take away the stress of bills to pay, and not to be hand shovelling someone else's tons of rubbish into skips in the pouring wind and rain as i was doing all this week , when I could be playing golf instead. Lol.
As I said I'm happy and actually live a fairly stress free life compared with most . Enough said .
Basil Bush although I am not in your situation like you virtually everything I have is invested in BMN. Like you sometimes I have to sell my precious BMN shares to pay bills (unable at the moment but that's another story). I found Pdub's castigation of you selling because you had to as offensive as I did. Maybe those who criticise should walk in others shoes before pontificating.
Just to add Pdub. I have put every bit of spare cash I have earned in the last few months into Bushveld , probably bigger all in your life , but a lot to me, in the hope it would rise sooner rather than later. I have bills to pay and am thinking I have to cash more to tread water, I live on f** all ! I don't go out spending money , my only vice is golf ! which keeps me sane. I still have 430,000 shares that I hope I don't have to touch but if I have to I will have to cash more . Sorry if that upsets you.
No and you won't get one, lol. Only here to disrupt. Probably fizzys real name and cognitive level...
Ok so you are a troll. got it thanks.
LOW IQ, you were asked a question on BMN by Pdub, yet you don't seem to be answering it?
Beginerman, reactant or not, it doesn't make it any less short sighted. Gla.
Congratulations BasilBrush. We are all here to make money. Unfortunately your small trade and even smaller profit helped reduce the value of my entire holding.
If folks want significant uoward movement in the share price it might help if we all hold onto those shares and maintain a positive focus here on what the company is doing. However I guess some would regard me as somewhat naive and will continue to trade this. Oh well. Such is the modern world.
I think you are right bearishly b. I sold 9084 this morning to raise much needed cash .. I Was pretty sure the SP wasn't going to go up with the halt of the V P rise. . Whether the MMs manipulate with the V price in mind is anyone's guess. Fortunately the 9084 I sold this morning were bought a few days ago in the 19p s . Good chance it'll rocket up now I've sold some. Lol.
People would do well to remember the shorting and bashing of Tesla that was simply blown out of the water by the continued and relentless delivery of their game changing business plan. IMO the fixation upon short term vanadium prices does a huge and relentless disservice to the fundamental progress being made by this business. Progress that is continually ignored and diminished by the share price. If this market was actually savvy at all, the fixation would be upon what is actually being achieved on a macro level rather than a somewhat ineffectual obsession with how much the last tonne of vanadium sold for. Talk about missing the point.
Anyway back to the Ozzie sunshine.
The simple fact is that short term SP movements really have nowt to do with the fluctuations of V prices but everything to do with the behaviour of Market Makers and other short term traders. As I outlined yesterday when the true nature of the vertically integrated mines-to-batteries business model is confirmed publicly the stock will start to be viewed as a key technology play in one of the largest investment opportunities - stationary energy storage, of the next 2 decades.
So V prices go down share price drops, v price goes up share price goes up what a load of bullocks, the MM’s will manipulate it any way they want!
I actually think that with the expectations of BE news dropping very soon, we may see that yesterday’s drop was an isolated incident and not really anything to do with a hopefully very short term drop in V price....simply MMs playing games to take shares from short term traders. News is imminent so time will tell.
Actually European V2O5 is stable just a slight decrease in US and European FeV.
We will get some Fastmarkets numbers later today
http://www.asianmetal.com/VanadiumPrice/Vanadium.html.