Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Prussel, I agree with your sentiment. Perhaps time spent by investors in investigating other investment opportunities rather than continually seeking to substantiate what could be described as a poor but possibly jam tomorrow investment might result in a group of more polite posters.
I second that Pdub.
My advice then prussel would be walk away and don’t look back. Clearly from what you are saying this investment is not for you. I have no problem with that.
I do have a problem with people who are not invested bad mouthing a share. I don’t care if they previously lost money …. there will always be current investors who have their life savings or pension invested and it is disrespectful to them to keep up the negativity when you have no skin in the game.
For me it’s about being a decent human being … that’s the bottom line and why I would not do it.
When I first started trading I lost money in shares, we all do. Never once have I gone back afterwards and put up negative posts. Take the hit, admit your own bad judgement and walk away with your head held high.
What you think the future share price will be means nothing to me. No one knows the future share price. I want to know what the company is doing so that I can judge this investment for myself.
Yep, fair point PDub, cannot disagree with your comments and views. I still come back to the point made previously that even with the notable points you and others make regards future potential and turnaround possibilities, they are still ongoing jam tomorrow (sorry I know thats an unpopular phrase!) statements. There has been huge strides made in company structure etc all pointed out by you and other posters, but the simple yet important result is a massive downturn in SP when other V miners have not fared same. I dont have the in depth knowledge of some posters re BMN, thats why I visit the site and "contribute" but dont want to add to my own jam tomorrow philosophy. I want BMN to fly on sound winds, but again, even with great insight and reporting of progress- it isn't doing so, and I dont believe will do so for a good while. So I take all the criticism on the chin , but stand by the fact that BMN is a disappointment and in short / medium term I believe will remain so. I take a very simple and yes uninformed (at times!) view, and despite all the rhetoric, no one can deny the stand out statistic is the demise of the SP, EVEN with all the good data available.
Not sure you got your pic wrong - in hindsight we all got the timing wrong. But then that has more to do with a short term view and any investment less than 2 or 3 years is short term (IMO - other views are available).
The better reflections over the past few months have rather pointed out that the aspirations of FM kept not being met at least in the eyes of many investors. This created a negative atmosphere that can be readily exploited by shorters: ever notice that short furries rarely infest momentum, upbeat, can do companies that keep on delivering !
So when FM changed the message tack to one of guidance based on firm demonstrated, embedded and solid operation, he has finally grasped one of the key factors in long term market mood - believable delivery.
The fact that Vanadium is a relatively volatile commodity also does not help, but as BE and Rental activities grow the sustained stable cash flow will come.
We are languishing over 50% down on the year exactly because of poor market delivery wrt the guidance numbers as much as Vanadium pricing squeezed with higher costs due in no small part to the long shutdown and high corporate packages given on the back of the exceptional margin year of 2018.
But costs are falling, production is rising and margins into the black. There is every reason to be positive and look forward to a 50%+ increase in production rate by around this time next year: just in time to deliver into Electrolyte manufacture - what a coincidence !
Prussel I think the point is that everyone here is capable of reading a share price graph. No one needs your help with that.
What is of significance is what the company has been doing over the last year or so to acquire Vanchem, sort out production issues at Vametco, reduce both production and administration costs, forge deals with companies in the energy storage industry, progress the electrolyte plant, etc etc..
I came down hard on you because of the shallow nature of your comment which simply described a graph but added nothing of significance to the readers understanding of what the company is doing.
In other words you failed to give any information relating to the potential growth in value of this company over the next year or two, which is what should interest investors.
Instead you resorted to that cliched and much misused phrase ‘jam tomorrow’.
Continue with such provocative and uninformed posts and I am sure you will receive the appropriate responses.
Faramog, thanks for your post, I much prefer responding to similar rather than some of the vitriolic messages encountered when i simply voice an opinion. I am not bemoaning my predicament, I went in with my eyes open and simply didnt get it right for either my or market downturn reasons, this happens and i am comfortable with it. I am also too tight to sell out at a loss and thankfully dont need the BMN return to materially fact my life, so am prepared to wait and hopefully see the good news turn into good fact. My 2 real gripes are simply that a) BMN has disappointed and thats clear for all to see over last handful of years and a 56% reduction in share price should draw some comment and opinion without many negative posts b) the BB does have some great, in depth well constructed content, its a shame that it does appear to be in the minority of post numbers.
No one responding should feel I am bitter and twisted, I am not, i got my pick wrong and can live with that - no issue. I simply point out an ongoing deterioration in SP DESPITE improvement in dept / plant rejeuvenations etc. There is a group of posters on BMN the like not seen on other BB and thats a shame to what is also (in between the vitriol!) is also one of the most well commented. Wheat and chaff I suppose.
Haha. Good reply Bigal.
However you couldn’t be further from the truth. For reasons that I hope you will never fully understand (for your sake) my life has never been so fulfilling as it is now. Last month GND and I celebrated our first wedding anniversary and life has never felt so good. I treat every day as if it was my last and enjoy every moment. But then that’s just me.
I certainly won’t waste a second feeding negativity onto chat boards.
@pdub, I don’t think Prussells life is empty because he looks for other opportunities, I suggest you’re the one with an empty life policing one share only and so blinkered as to not see anything else in life!
Hi taufour, yes you are correct
The transaction between Bushveld Minerals and Duferco announced on the 18 December 2020, was an early repayment to Duferco of the amount of US$11.5 million owed by the Company. As some of the repayment was is shares, these were not subject to any restrictions.
@prussel1963
As a LTH holding from 1.6p I am 'yeh yeh .. whatever', but then even in the very early days I could see the changing energy landscape. I must admit, I did rather expect a more rapid expansion and 5/6 years ago there was active talk of expansion to 25k mtv. Frankly 8k mtv+ is 3 years away IMO at least . Proved a lot harder and the plants in need of a lot more investment.
That said, I do see 2022/3 as being transformative so whilst late, I still believe it is all coming.
But for those (probably) like you who invested in the past 3 years, I can very much sympathise with your frustration. Over 2 years I invested very heavily and although well down from the peak I still have a notional 45% profit (8%+ pa on a crude calculation aggregate), so whilst very frustrated, am not really in the same boat.
If I had done this down from the 40's (say) I would be feeling pretty bad and exactly as you are. But if I did not see it all coming (on the slow boat) I would sell and go elsewhere. All I can suggest is to keep the faith - will be bumpy for the next 18 months or so, but as vertical integration really shows itself, a move off AIM happens and VFRB's start becoming more mainstream in the Western world, I personally feel the mood music will change considerably
Prussel I see lots of shares that I don’t invest in. I have better things to do with my time than visit those bbs and prattle on about why I haven’t invested.
It’s a shame that your life is so empty that you feel the need to waste time in this way.
Thanks HalseSpur for proving the point!
Yawn
As one of the now infrequent visitors to BMN BB, I return on my bi-monthly review. As per my previous posts, there is some great responses, well thought out views and good insight, HOWEVER BMN continues to dissappoint regards SP increase. I also see many of better possibilities later this year ( we are already nearly in Nov) or for 2022, which I sincerley hope so as a holder of BMN. I continue on my "jam tomorrow" soap box, and nothing in SP progress warrants me to change anything previously said. When I last posted there was a degree of overly harsh responses (I can take that, I have broad shoulders, you need them in share ownership!) but I always felt the BMN BB was much harder than many others on lse. I compare BMN against the other V miner I was considering (Evraz) when I purchased BMN nearly 2 years ago and sadly feel I backed the wrong horse. In last 6 months alone BMN has fallen 25% whereas Evraz was at 644p, fell to 540p and recovered to 646p and paid substantial dividends (usd300 M per annum targetted according to corporate website). BMN has gone from 14p to 9.1p and still languishes at 9.9p with no shareholder benefits. I offer this simply as a comparison and not as hindsight statement as I was lambasted for on last post.
Whichever way I see it, even with good news BMN has not made any gains in 2021 (on 8/01/21 the share price was 23p!) and continues to disappoint in a major fashion. Another worry I always table is that as soon as SP does show sign of recovery, many will sell to recover their investment in a languishing performer and this departure will continue to hamper any decent SP recovery. Jam tomorrow doesnt cut in anymore and BMN needs a period of sustained recovery and a show fo faith in a company that has lost approx 56% of its share price value in 10 months. There must be many holders of BMN who purchaseand now feel that we do in fact need more than "jam tomorrow"
Knutsfordnotary: As this is a similar themed post to that of 2 months ago I expect the same brutal treatment, hence my infrequent engagement on this BB.
Hi DaddyBigBucks thank you for your reply but could you clarify it?
"... when Bushveld agreed to partially repay early this made the initial lock in and orderly sell void. I had this confirmed by Chika. ... should have also said, As some of the repayment was is shares, these were not subject to any restrictions."
Trying to understand this, I'm guessing it means that any shares issued to Duferco as part of an early repayment agreement are not subject to the orderly disposition provisions in the original agreement.
Which would be perfectly reasonable.
But (again guessing) that would not remove the orderly disposition provisions from other shares covered by the original agreement.
Is that right?
taufour, sorry should have also said
As some of the repayment was is shares, these were not subject to any restrictions.
taufour, originally yes but when Bushveld agreed to partially repay early this made the initial lock in and orderly sell void.
I had this confirmed by Chika.
I don’t think we could have given them the cash so the arrangement is the best deal we could get under the circumstances. It’s the best arrangement for both parties but certainly Duferco will do very well out of it. I expect them to start selling at a certain point , we should get an indication of this via the shareholder register and also a RNS when the relevant threshold is breached. How long this will last is anybody’s guess, but it may take a while to offload.
Didn't the original agreement include an orderly disposal clause?
If so, then an obvious possibility would be that Duferco has now agreed to take extra shares, instead of cash, in return for the removal of the orderly disposal clause.
I think duferco are needing a lot of dish for an ironworks plant in Italy.... Now they may well be selling sooner rather than later but must have concluded the SP must rise with the cleared overhang
Which is what happened a year ago .. 13p to 24 p
Does it not occur to anyone that Duferco taking shares rather than money implies they consider the company a good , rather than a duff, investment.
We who have lived with the ups and downs of the company for a long time know what a glowing future awaits. Does anybody think Duferco would prefer shares to money if they thought they could multiply money better than the outturn they will get from supporting the company we all know is sound. Where could they better invest the money than by backing the story we know will unfold. All that is needed is patience
While boring you all with my random thoughts don’t we all regret that the silly bickering and insults have driven good supporters and technically knowledgeable posters away from this board. Their departure is a victory for the pollocks and trolls as what we now have is a much less well informed and one might say unduly negative board
Do come back chaps and chapesses and carry on telling the world what a great share this is. Not right that Pdub is left as the sole or at least fairly lonely advocate of the strengths of this great little company. The board is a poorer place for the departure of those with knowledge and brains and useful contributions to be made
We cannot eliminate trolls, sadly but we can and should just ignore them and their string titles and carry on telling the world who might read this board how good the company is. Plea over! Patience guys. I reckon Duferco are here for the ride
KN