Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It was good to meet MIKINAMAN after all this time, shame about the circumstances :-( Also met GND for the first time , likewise good to put a face to a name, but unsurprisingly didn't get to talk very much. I'd also be interested to know if there were any other Bushwhackers there 'incognito'?
Gold, bitcoin, markets at an all time high but aim in the pits as usual
Well goatman can't argue with that, if it's one thing I hate in CEOs its big ego, one of the things that absolutely tanks any company. Look at Boeing lately.
Pdubs funeral was a true tribute to a very talented and dedicated man - we were even treated to a video of him playing one of his guitars with some great vocals thrown in !!!!
I also bumped into a fellow BMNer in the name of reteps, it was great to put a face to a name/avatar, have a chat and a beer - were there any more of 'us' that attended and remained 'anonymous' ????!
Once again, RIP Pdub, you are sorely missed and thank you for all of your posts here.
GLA
Hi All,
Have been away and missed GND's announcement of the funeral date. Regrettably would not have been able to attend, as was away with wife on anniversary trip, much as I would have wished to to pay my respects to a really sound guy who always played it straight. I may be down a bundle on my investment , but like GND will be holding on for the inevitable turnaround . But my fault, not Pdub's and so , having now caught up with the news I shall this evening , albeit belatedly , raise a glass to his memory and I look forward to the day when I shall raise my glass to him again when we will all be in profit. Floreat , Pdub!
And to get to profitability they are needing one more lot of financing, something that is currently being worked.
The management have talked confidently and openly about this which is in stark contrast to the usual hush hush prior to a placing but still, in this climate, it's unlikely many will jump in until that financing is over the line.
IES's SP is where it is because the company has yet to make a profit. Their plan suggests the pipeline out gives a net positive cash flow end of this year and into next
The V price is less important to a VRFB manufacturer as it is to a vanadium producer - take IES for example, vanadium accounts for 17% of the total cost of a vrfb according to their most recent data, although I believe as other costs come down and they scale that percentage will rise slightly.
It's a pity that this drop in V prices is not having a positive effect on the IES share price.
Sad to see Fortune still being regurgitated… time surely to move on. Tidy up the finances and hope for a rise in V prices needs to be our concern now moving forward
Its a coiled spring @Somtam ... still !
https://capital10x.com/the-vanadium-market-is-coiled-like-a-spring/
What global squeeze @Somtam .... I will believe the next spike should it actually happen... even a modest retrace to mid 30's would be good right now !
It's a bit of a myth to say Fortune focused on everything but the core activities, this is only said because of how much he failed. At the time of the big $65m finance package in late 2020 BMN were producing 3650mtV a year and the vast majority of those proceeds were directed at Vametco and Vanchem for upgrades, repairs and expansion - targeting a production level of 6800mtV.
40 months on and production has yet to reach 4000mtV in any year.
Somtam,
You forgot the BOD, Fortune and Mikhail. we are where we are because they richly remunerated themselves, gambled and concentrated on everything else except the core activities. Fortune was a lousy CEO with no experience in running plants and Mikhail was a leech.
I expect to see Vanadium prices to spike to over $100/KgV again, once Glencore realise there is a global squeeze on. If this comes to fruition with no new supply coming on board any time soon with VRFB garnering a greater percentage of the market than present today I fully expect the s.p to reach heights substantially north of 20p, especially as C.C has mentioned the possibility of a dividend towards the end of 2025 becoming a realty.
I just wish that after all these years on the London AIM they would realise how rigged the market is, and how easy the share price can be completely manipulated by traders,shorters,market makers for their gain. It makes investing for the long term in genuinely good Company's like BMN a real test of nerve for private individuals, and still believe that a move to a more regulated main market should be taken as priority once our present funding issues have been rectified.
Halespur - you transferred from an ISA to a SIPP for tax reasons - that seems somewhat ar$e about face.
Having a beer for Paul - enjoyed the 5 year ride with him and also the hope of recovery he gave us but this is AIM.
Sold my ISA holding to transfer to SIPP for tax reasons. over 90% down and feel like putting the few k in funds or a different gamble if we don't get the money from SPR. I have time at least to decide now as the money still isn't into the bank.have a smaller holding in my SIPP which will remain for 15 years, but a lesson learnt that gambling on AIM is not worth it for building your portfolio.
If they can nail the finance situation it should stabilise
Nope, zero, Nada ... but hold em and add time + hopium.
Can anyone foresee any positive catalysts in the short to medium term?
30% of all CEOs were previously qualified accountants and that the core reasons given were :
1) Commercial intelligence
2) Risk Management
3) Analytical skills
4) Less Egotistical mindset
I'm not paying to read that, what does it say in summary?
And some 🤡 disputed this
https://www.ft.com/content/fb4a8289-f8df-44d3-b6f0-48d476e775c2
Lamps need to call you out for double standards as you asked Eco for some reasoning - same question what’s the reasoning for the surge in V prices you mention and why do you think they are currently so low and what timeframe do you have in mind.
Also Faramog you need to take a look in the mirror mate. Raising a glass to Pdub when you were actually quite rude to him in recent times despite the terrible suffering he must have endured - thought u were better than that tbh.
I shall raise a glass to pdub who I am 100% certain enjoyed are combative exchanges. A large glass on Bushmills would seem appropriate.
RIP Pdub you legend
I will also be raising a glass to Paul today at 2pm best wishes to his family.