The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks Sanchez for taking the time to reply .
Much appreciated and very interesting
Nice balanced thoughts sanchez.
Sorry a couple of words got jumbled. Phone gremlin.
...other ideas.
I think we all accept the story is building in the background and ultimately I am sure it will pay off. Everyone knows Bushveld can be frustrating in how they communicate but that's not to be confused with the way things are developing behind the scenes. I do wish for example they would add context to days like today - IE whether they have a bid involved - the fact people have to even ask this when the results are being read out is a perfect example of how opaque the story can be. Hopefully this will change as VRFB starts to be more readily adopted in SA and they are past the positioning and pulling levers stage.
No booms, no % levels of how nailed on it is - just a few reasons.
Hippydays, a few reasons - from my own perspective.
Arbitrage as Halespur says. Clearly Largo and BMN have been played off against each other.
It's also near financial results which will mark an end to a long unprofitable period with lots of spending and not too much earning - putting this behind the business is important and I would expect Comms to improve post that period. It's a very big deal going back into profit. The market wants to see it proven. And rightly so. BMN have been a explicit about underpromising and over delivering. It's nearly time to see that manifest in results - starting with Q2. That's pretty exciting and could signal a much needed sea-change in meeting/exceeding targets.
The company currently has real control of its overall strategy which is undoubtedly excellent (barring perhaps not yet really getting the long-mooted VRFB hedge to start delivering profitability during low prices yet - for obvious reasons) - I am sure this will ultimately deliver the SP people want. However, it has almost no control of the people it has brought in to buy shares in large quantities or who have been involved in deals it has done and whilst they are selling (as we have seen before) they aren't really building the story publicly so it cuts through to new investors, barring perhaps 3-4 good days of communication the entire year. BBN has done a far better job distilling it, I think all of us would agree and thank you to him for that. Rightly or wrongly only they are fully focused on strategy delivery, not telling people about it.
It's pretty obvious to anyone who looks in an unbiased way at 2021 so far for BMN that every time this year that there is a green a significant shoot silence has followed and the opportunity to build momentum hasn't been taken. This may be deliberate - we all know Bushveld never say more than the bare minimum. Whether or not this approach that has worked in the past still works in a social media-driven 2021 and the covid era is another question.
Imo until the sellers end and/or they grasp control of their own story via newsflow and show how peripheral news (100mw threshold etc) truly affects the bottom line (in the form of supply agreements projects or contracts) this malaise will continue to some extent. I imagine they know who is selling, how this arbitrage is being used to manipulate the SP and see there being very little point going all out on narrative during this period. Ultimately we are talking about when things will change, not if they will.
As a side note it's interesting that Australian Vanadium have been liking tweets calling on Bushveld to be an industry figurehead in the way they engage. It's not only shareholders who see this opportunity to be a touch more public in their championing of VRFB and their story - whether some like it or not, or even care, it is an opportunity that could be taken. Personally I would like to see them try and build a higher base but they clearly have oth
BMN mentioned arbitrage and Alfa mentioned pair trading. I think Floyd had a post explaining these things.
One day it won't matter as it cannot carry on forever.
Floyd??
Sorry, but how is BMN supposed to track the V price with an investor dumping half a million shares every day on a low volume share?
Whats your reasoning sanchez for it
BMN - down 24%, Largo up 29%, Vanadium prices (Average) up c 33%...
Largo pretty much tracking V prices. Bushveld doing almost exactly the reverse.