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Broomtree,
You'll see Capa on the Rotherham terraces waiting for the other chap.
He'll be in full Lycra, cap on backwards, Newcastle style beer belly spilling over, a pint in one hand, a pie in the other and he'll have a racing bike next to him, ready to stare down any nearby motorists.
You wait, Match of the day.
Couldn't agree more Pdub. Whilst our views and perspectives have diverged somewhat in recent weeks/months it seems we're both able to share our view points respectably without resulting to childish insults. After responding to what was quite clearly a provocative thread title and OP politely to then follow it up with even more abuse and name-calling takes the biscuit.
I've finally filtered but unlike you mine will without doubt be permanent... well until he pops up with a new alias in a few weeks time that is.
HarChris, I largely agree. He's made some tough choices to raise working capital and is focusing on operational improvements that he can control. Once costs are controlled and the production improves, which it's looking like it very much is, then we should be able to focus on the core activities of the business and get back on track.
AimWolf in response to an earlier post of yours I gave you my opinion of the RNS. In return you have sunk to provocative statements and personal attacks.
Congratulations for falling below my standards threshold. For the time being you are filtered for the worst of all reasons… being boring.
Bye.
Sorry Codejunkie, call me a troll if you like, but I base my views on facts and figures, not wishful thinking. I believe that strategy has probably served me better than yours!
...are still here then. 5 boxes of nothingness.
You troll boys need to get a life
It's clear that the average realised price of $37.4 is not sufficient to enable the company to return any sort of profit in the long term. Unless prices recover (and as it stands they continue to fall) then it's a very bleak future.
The SP is holding up well considering expected mixed results and a downgrade
Let’s forget the old guy and as to the new guy, promising start but maybe leave judgements until year end
Board here is disintegrating into a farce… all for some banter but people starting to physically threaten each other…. On a share board?
My personal opinion is that Fortune left BMN on the brink which now fully explains the SPR deal and why there was no choice but to give up important assets for immediate, short-term liquidity as well medium term working capital. Six months with nothing but sustaining capex, 300mtV more sold than produced and reasonably healthy average sales price of $37.4/kgV should have seen cash generation, not a considerable loss.
So far Craig appears a breath of fresh of air and I see both the SPR deal (now given what we know) and the record performance in August as highly promising and auspicious. He has a tough job on his hands especially against such a tough V backdrop currently though.
A baptism of fire to say the least.
AimWolf I have said before that I only post what I believe to be true at the time. I have also said that I am waiting for resolution of Orion, SPR, MUST and BE before judging Craig’s performance. None of that was resolved today so nothing new to add.
I am pleased that Vanchem is doing well but not surprised given the investment over the last year or so.
Lol, if only, probably mean 5.00p down to 3.00p, at the moment I'd love to see 3pence!!!
:-)
'RBC cuts Bushveld Minerals price target to 300"
what .. 3 quid ... erm ......mmmhhh
Good to see the full ask of 1.80p been paid, 1919hrs
'RBC cuts Bushveld Minerals price target to 300 (500) pence - 'sector perform''
I'll take that 😉
Has to be some sort of milestone. Blue after a half year update...
Think our friendly MM's marked it down to try and start a bit of a run. Didn't really work, most who are going to sell already have...
Troajan, yep, i've added to position on that RNS.
AIM is all a punt, but when you get an RNS from an industry savvy newly appointed CEO telling you no short term cash flow issues, debt funding will be sorted and costs are under control you hit the go button.
If not you have to ask yourself wtf are you doing investing on AIM ?
Here comes to buyers
Capa,
Leg pulling aside, even you know that this is still a punt (granted) but that RNS is the entry signal.
If you've got any money left over from your state pension this month I know you will be having a few here. ;)
Lamps with the greatest of respect….wtf do the punters know here !!!!
Tekanalyst has already made a the sound summary of 'kitchensinking' and there seems to be a clear editorial line in the RNS on elimination of hype. Craig is wysiwyg for sure. Kinda like that.
Also note that the MMS droped the SP arbitrarily at start of play because they assumed that the RNS was negative. Apparently the punters don't think so.
What a strange thing to fixate upon HHMG.
Alfa,
I had one of those science kits as a kid, who didn't make up,
4/7fecr2o4 + 8/7na2co3 + o2→ 8/7na2cro4 + 2/7fe2o3 + 8/7co2 where Δg(t) = −94.64 – 0.04t (kj/mol o2) on a slow Monday night after school?
Or all you need for AIM investing, look at the cost production targets, read the upbeat nature of the RNS, funding nailed on to be agreed by December; market is shagged at moment so will be a slow rerate but as the Coltman announces each key stage being attained this goes back up.
Not heard from this guy for a while - hope he’s ok and not been overdoing things at HIS gym
Couldn't agree more - he was so out of his depth it's untrue and trying to be way too clever. I had cut Fortune some slack previously but looking at what a competent person like Craig has come in and done in such a short space of time....just shows FM was long overdue being shown the door before he sent the company under.
Yes the Vanadium market wasn't booming in recent years but you stress test that before you tangle yourself up in all these deals that come back and bit you in ate butt.
Craig knows that - back to basics - lets get some cash flow back in from the bread and butter stuff.
I suspect that he'd want to know how is it possible that Ferro-Alloy Resources, a company which produces less than 1/20th of the Vanadium that Bushveld does, and which lost $4.3M last year, and with none of the BELCO, minigrid, or Vanadium Flow Battery producer assets (Cellcube) that BMN has, is somehow worth almost twice as much as BMN is currently 'valued' by the market as having.
The answer is simply that nobody has ever heard of FAR, although it is inexplicably listed on the main London market, and has half a dozen trades per day, whilst on the other hand thousands of AIM investors have heard of BMN and have therefore been ripe for social media and share-price gaslighting for the last 5 years.