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Apologies a correction on the % increase. Court version:
Nobody can say with any degree of precision exactly how an AIM share will react to a major strategic move in the development of a company that increases significantly sales, revenue and profit.
However here is an interesting timeline of the month before the original purchase of 26% of Vametco. It might give an indicator of things to come, despite what the naysayers want you to believe!
Sp before 3.81p
17 March 2017. BMN announces good progress in fulfilling terms of agreement and financing.
Sp 4.29p
Sp before 4.29p
20 March 2017. BMN announces sales and marketing agreement with Wogen.
Sp 5.08p
Sp before 7.57p
30 March 2017. BMN announces financing agreement complete.
Sp 7.54p
Sp before 8.00p
06 April 2017. BMN announces that Bushveld Vametco acquisition of Evraz 78.8 % holding in Strategic Minerals Corporation complete. Bushveld Vametco is 45% BMN 55% Yellow Dragon. Gives BMN around 26% of Vametco. Profits not attributable to BMN.
Sp 8.17p
So in the month leading up to completion of the acquisition the sp went from 3.81p to 8.17p. That's an increase of 114%. This was driven by announcements of fulfilling terms, marketing agreement, finances in place and final acquisition.
It is my hope that BMN run a similar sequence of RNSs leading to acquisition, with hopefully a similar response from the market. It would be a brave person or a fool that tried to pretend there would be no market reaction to this excellent acquisition.
Just my opinion, but September / October might be a very positive period for BMN shareholders. And that is why people invest in the high risk AIM market. It is the potential for very large rewards.
Nobody can say with any degree of precision exactly how an AIM share will react to a major strategic move in the development of a company that increases significantly sales, revenue and profit.
However here is an interesting timeline of the month before the original purchase of 26% of Vametco. It might give an indicator of things to come, despite what the naysayers want you to believe!
Sp before 3.81p
17 March 2017. BMN announces good progress in fulfilling terms of agreement and financing.
Sp 4.29p
Sp before 4.29p
20 March 2017. BMN announces sales and marketing agreement with Wogen.
Sp 5.08p
Sp before 7.57p
30 March 2017. BMN announces financing agreement complete.
Sp 7.54p
Sp before 8.00p
06 April 2017. BMN announces that Bushveld Vametco acquisition of Evraz 78.8 % holding in Strategic Minerals Corporation complete. Bushveld Vametco is 45% BMN 55% Yellow Dragon. Gives BMN around 26% of Vametco. Profits not attributable to BMN.
Sp 8.17p
So in the month leading up to completion of the acquisition the sp went from 3.81p to 8.17p. That's an increase of 144%. This was driven by announcements of fulfilling terms, marketing agreement, finances in place and final acquisition.
It is my hope that BMN run a similar sequence of RNSs leading to acquisition, with hopefully a similar response from the market. It would be a brave person or a fool that tried to pretend there would be no market reaction to this excellent acquisition.
Just my opinion, but September / October might be a very positive period for BMN shareholders. And that is why people invest in the high risk AIM market. It is the potential for very large rewards.
Considering the large proportion of retail investors who make up much of the DNA of the BMN register, we are far from a company whose success is dependent on them waking up to this opportunity as we have seen clearly before. Clearly Fortune has plans to involve SA based firms on the back of the JSE listing however Vanchem completing and Mokopane's license landing is what AIM private investors love and will be more than enough for us to make progress. II's or not.
Just my opinion.
Larky, if when they come, a Vanchem or Mokopane announcement motivates/stimulates some new or existing major institutional holders to show an interest then the shorts will be well and truly kicked out of play.
But if not, then the current void that imo, their current lack of interest is providing, despite the seemingly incredible prevailing sp buy opportunities... its likely the mice will continue to play and the announcements will make very little difference to the sp. it's not director buying we need to see... its major fund managers getting on board (new or existing) buying into this 'story' by making substantial buys... that will make the difference and put a stop to these games. Everything else, for the time being, is just words. Just my opinion.
No, but you can get me some of those Dark Lindal Balls - They are so satisfying, as will be when the news comes in with the Mokopane licence!
I thought for a minute there was an RNS... back to work...
I'm off out to buy popcorn, anyone else want some :-)
Would love it, can't wait
They would be swamped Larky... would be fun to watch :)
Question, do we think if Vanchem was announced tomorrow that there would be enough buying to prevent the MM/Shorters from manipulating the price to keep at the current levels, as I imagine they would throw the kitchen sink at it to surpress the SP, they just have too much to lose?