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£53k which was worth £530k slightly over two years ago. Also been selling lots of in the millions of shares before, and that's every day.
Though it ought to be said that the total value of trades today is only £53k. Any one of use doing a full bed & ISA would show as £40k worth of trades so its not exactly a Warren Buffet liquidating his entire portfolio level of trading going on here.
If you want to add weight to any digs in future do it via one of your other accounts.
That's total bollo***. I caveated every post and made no such claims, just that if V stays where it was (~$41/kgV) and BMN hit production targets (which we were told were conservative) then they'd be sitting on $35m+ cash by maturity date and (theoretically) could pay off Orion in cash. Since V has plummeted and production targets have been downgraded.
Of course you wouldn't know this because you weren't around in March when I was highlighting the positive outook at the time, wait you weren't even around a fortnight ago...
If you think it’s down 90% since Craig took over then you must think the share price was 17p in June. That or you don’t understand percentages.
I would say its still the overhang from whats left of the 270 million dilution. So by default its the company selling, although no doubt some PI's are selling down at the same time.
It's not down "more than 90% since Craig took the reigns".
Rarely ever seen a new entering CEO buying in as soon as they got the job. Would very likely raise red flags to the FCA.
I am giving him the benefit of the doubt and will judge him on results.
Who ever the seller is, I have to appreciate that they haven't dumped everything in one go and are selling in an orderly manner. First lots of 1 millions now 100's of thousands.
Market: 'IES is worth a fortune, VFB vendors to the moon - best pile in'.
Also market: 'Primary producers with a sizable investment in other leading global VFB vendors - nah, worthless mate.'
SPR are the key factor here. As Fortune did (MUST), Craig has chosen a partner whose future performance will have a significant impact upon BMNs success.
If Craig’s judgement is sound and SPR deliver on all aspects of the deal, including as you say the marketing, then the future for BMN looks very good. Key will be the Highveld Vanchem Mokopane link.
I am supporting Craig but also will be watching what he delivers from Orion, SPR and MUST.
Get real folks. There wont be much left for current shareholders when all this mess is put right
We also await the switching of Vametco minigrid, contracts and electrolyte production at BELCO and hopefully strong production numbers and reduced costs at Vanchem in Q3 Update.
AimWolf that is exactly why the Orion and SPR deals are being done. To ensure the survival and future profitability of Bushveld. It is always difficult to talk of guarantees into the future. However there is a high probability that these deals, whilst being painful, will be successful in helping to deliver a leaner and profitable BMN.
Short term I am not particularly happy about the valuation of Mokopane and 50% of Vanchem. However if SPR deliver on the longer term commitments in the deal (Highveld, Kiln 1,etc) then at that point the deal will be very good for BMN.
Meanwhile we just have to wait for the final outcomes of Orion, SPR and MUST.
Not for much longer AIMWolf, V prices ticking back up and VFB demand outside of China accelerating. Why do you think Craig took up the CEO position, he could have joined any mining company, but he chose BMN…
Only thing standing in the way here is negative sentiment, however on AIM that moves faster than V prices.
Over the weekend Invinity announced 84MWh of VRFB projects in the states, part funder by the department of Energy.
https://www.lse.co.uk/rns/IES/us-doe-funding-for-84-mwh-of-invinity-vfbs-mm8anx9hi2qzew3.html
These will consume nearly 500 tonnes of Vanadium (900 tonnes of V2O5) and will demonstrate to the yanks that VRFB's can be drop in replacements for Lithium-ion systems, that not only do not burn, but also can be cycled much more aggresively.
Remember that this is Invinity which was brought about by BMN bringing Avalon Battery and RedT together with a reliable sources of Vanadium supply (something that RedT had no real plan for).
Excellent Rns from Invinity this morning, demand outside of china moving fast
2.6% rise for V Pentoxide is not that small, it’s also used to make VFB electrolyte…
Some small rises showing on Asian Metals along with some good bullet points
Special Vehicle Co, look at the people involved and the wider connections.
Will be used to carve out a chunk of Bushy, what is left is still big enough to be a decent sized Vanadium CO in its own right and in the future an attractive take over target for these people if they want to put Highveld, Mokopane, Brits, Vametco, Vanchem and BE into one unit to give the Chinese & Russians some competition.
SPR didn't exist before Aug 2022, seem like a virtual company ?
Potentially out of nowhere with a bit of fast talking they trouser the more valuable bits of BMN ?
The muddy waters of BMN seem to have a got a lot muddier since I last looked.
More likely just school holidays and lots of free time on their hands.
Excellent pessimistic summary SquirtyFlower.
Most of the trolls have naffed off. Clearly hit their target.
Stevie boy and his twitter account have disappeared.
Excellent summary SquirtyFlower.