Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Can’t argue with that sentiment a.k.aMuppet. I do have friends who are longterm holders in BMN but this particular friend is not really an investor in shares. He was just very happy for the heads up and the profit made.
I'll be calculating the success of my investment in five years time - when I'm 65 !!!!!!!!!!!!
GLA
PS
I'll forward a report of yesterdays chat about this energy machine soon - if you all don't mind ??!
Pdub - If they are a real friend make sure they are still looking at BMN and they will do even better from their investment.
And Sanchez something else did occur to me which I wasn’t going to mention but might as well.
You bought in in 2017. That means you had the opportunity to sell at considerable profit in 2018 but chose not to, just like me. So this investment could have given you a significant return had you chosen to take it.
One of my friends who bought in late 2017 / early 2018 sold for about 45p near the top. With hindsight he did very well from this investment.
Sanchez I am not trying to pick a fight. I am giving my considered opinion about what you wrote. This is a discussion board. You must expect different views. I agree with quite a lot of your post content, but not everything. I have tried to explain why.
If you or anyone else wish to belittle me that’s fine. I have bigger things to worry about than personal comments.
I am only interested in discussing the content if posts.
I'm really sorry to hear that Pdub.
Keep up the fight.
All the best, Nick.
It's like having a stalker.
pb940 agree with everything in that post.
Regards. Paul.
Correction: “… whenever and whatever their entry point and exit strategy. …”
I am sorry if it is taking longer than expected for BMN to deliver on some of its promises, but in the face of the huge drop in V prices in 2019, COVID in 2020 and SA govt delays I think BMN has weathered the storm very well and is now positioned to move rapidly forward. These big picture events have inevitably impacted on funding, share price and time scales but now is not the time to get impatient … at least in my opinion.
A personal footnote to this is that today I had feedback from my latest scan. Having been stable for a few months due to Chemotherapy the cancer is once again progressing. The fight continues but reality is I may not see the full benefit of my investment here. I am sure some of you will understand why I have little time for the complaints of a few restless investors. If you have the luxury of time and believe in what the company is doing then have some patience. In my opinion you will be richly rewarded, just like those of us that got in early.
I wish all investors in BMN good luck, we never and whatever their entry point and exit strategy. Like me once this share price really gets going you may wish to up your exit target!
All just my opinion.
Ok Sanchez let’s do what you say and forget all the wise investors you got in early and have had the good sense to track the company’s development and recognise the astonishing progress made by the BoD. Many of those like myself have remained loyal to BMN and with very good reason, whatever you may think.
So on 23 June you wrote the following:
“There has been no benefit to shareholders yet from Vanchem, Mokopane getting a license, expanding Vametco, rising vanadium prices, Enerox, IES investments or even our ATM shareholding, beyond expanding our NAV, which as a metric really is arbitrary on AIM given the wild fluctuations in SP we see. 0 shareholder returns from all of the above. At this point, it is what it is. You can spin it whatever way you want, but thats an unarguable fact.”
Well forgive me but in my humble opinion you are quite wrong.
First those shareholders have the benefit of being involved with a company that is delivering on its long stated plan to become a large low cost vertically integrated vanadium platform. FACT. That leaves the door open for significant future potential share price increases. Just what every investor looks for.
Second let’s look a5 the share price itself (and remember I am ignoring all those ‘lucky’ souls who got in early). Anyone who bought in between March 2020 and December 2020 would most likely have paid LESS than today’s share price and are in profit. Your statement above is therefore incorrect.
Some during that time could have paid less than 9p and therefore sit on significant profit. Any of those investors could have sold at prices above 20p in January giving returns for some in excess of 100% in just a few months.
You are correct that some investors are underwater. As one of the ‘lucky’ early ones I was up to 60% underwater for 2 1/2 years, but I believed in what the company was doing, didn’t judge their performance on the daily sp, held onto my shares and now sit on a very healthy profit. You may think that is not relevant to more recent investors. Well once again I believe you are wrong.
The astute more recent investor might ask why do people like Pdub NickD Alfa etc hold onto their shares when they are on paper enjoying a large profit? Well the answer must be obvious. We think there is much more to come. We follow the company progress … not the daily share price. I can only speak for myself but the numbers look amazing and this share price appears to me to be a real bargain (that is of course just my opinion). We have more experience with this company than most, yet we don’t complain, we remain positive and we look forward to a very exciting future.
(To be continued)
As someone who bought in in 2017, I have to say it is time that this cohort moved on from discussing how much people from that era are up. It's anathema to new investors and is almost entirely disconnected from what the opportunity is for investors now.
People then bought into Fortune and an Iron play and beyond that, as I did, into the possibility of Vametco landing and what that would bring.
This business in 2021 is about a vertically integrated vanadium platform. That is what investors in the last 3 years have bought into and it it is that which should be the context for assessing success in investments with Bushveld going forward. Everyone can do their victory laps for getting in early,but in reality this is an entirely different business and one that is due delivering some returns for people who have bought into it because of what it is and has done since Vametco.
There is a major confluence ahead in every aspect of the company. Big jumps in V price coming, technicals, fundamentals, VRFB, strategy and narrative are all reaching a huge tipping point, not seen since 2018. If Justin Waite was in, he'd be selling about now, just as things get really interesting.
https://twitter.com/Sanch3z599/status/1408357382103744512?s=20
I'm calculating the companies success based on the progress of the company in terms of what it had, what it has now and where it's will take it.
The sp is rubbish though. Luckily I have patience in abundance and can wait it out.
I do wish people that no longer have any trust in the companies progress to date or future potential would do what I have done with other companies in the past that I lost faith in and that is to sell up and move on without all the histrionics, amateur dramatics and angst.
As an individual you made the choice to invest in AIM, a market known for it's, hmmm, limitations shall we say, so don't be surprised if games are played.
Interesting how different people take different approaches to calculating the success or otherwise of the company. 1. Take a start point of 2016 - hugely successful close to 10 bagger. 2019: 66% loss from ATHs. Lies damned lies and statistics...though there can be no argument that we were massively overvalued at peak, and are now massively undervalued.