Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I find it curious and frustrating that BMN only show the top 7 shareholders.
Recently a member of the Telegram group shared a screen shot showing all shareholders and their holdings - there were only around 20 in total.
If BMN were to show all holdings on their website, the queries regarding Duferco or other possible sellers could be answered.
You may well be correct DBB. However I’ll keep an open mind on that.
I believe Duferco holdings RNS on 02.02.21 informed us that they had dropped from 3.12% to 2.95% on 04.01.21. They still held about 35 million shares.
Is it possible that they still have some left and are gradually offloading? I haven’t followed their activity too closely so others may have better info and perhaps they have finished.
I would welcome any specific evidence on this.
That sounds bang on to me cc. It could happen at any time so it’s impossible to time an entry here IMO.
Pdub, I suspect that they are out by now so I don't think so.
Duferco perhaps? They went below 3% so no requirement to report.
No real change in the top ten holders for May so it's not Acacia or OT.
https://www.bushveldminerals.com/capital-structure-shareholder-information/
** since 2018
* four rerates
@Farmaog - "Real movement will only come with the uprating feeding in, Eskom news and BE news."
Rubbish. Real movement will come with the II stops selling. BMN has seen three major re-rates, one was V Price-related circa 2018 and the other three were 100-200% re-rates when II overhangs cleared. If you don't think there's an II selling you're not paying attention to the timed daily sells and accelerated sells whenever the price moves up.
When the seller's out I predict a big response, and maybe, just maybe FM is incommunicado with them to ensure they're gone before Eskom contracts hit the deck in July.
So quiet because very many people have lost interest and moved on. Simples.
Nuttie is right, consistent purchasing is the way forward with this one. However, many of us (myself included) have relatively small pockets to dip into. Some of us are also new to investments, so occasional frustrations continue to build when other vanadium(involved) companies rise higher than us and we see profits rise else where as our own pockets remain empty.
This is all alongside continuous claims that BMN demonstrates a dominant role within the vanadium and mining industry.
It is an odd situation for us all. Yet, we all find good reason to stay... because of the fundamental 'highs' BMN states.
Groundhog day with a heavy ball bouncing between 14ish to 16 atm.
If anyone has a definitive answer...please do shout out...as I see holders becoming a little restless on BMN's lack of movement.
Just an opinion.
and also waiting for the 8th July figures (and perhaps more relevant), any foreword guidance update - after all, no one is really expecting H1 to be much more than either break even or small loss. Real movement will only come with the uprating feeding in, Eskom news and BE news.
We could still very well be in this pretty static trading area until Sep/Oct and real figures (as opposed to planned aspiration) happen.
Just sit back and load up
Get your wallet out then Knuttie!
Strong & persistent buying is all that is now needed.
The question was ‘why is it so quiet?’ And my theory is that people are on holiday.
You have a theory Alfacomp?
We shouldn't have to but it looks like we are going to have to.
Simples, we have to wait for good Q2 production news and buying.
Uncertainty around the Eskom tender
The constant seller and so many false dawns.
The silent BOD
Fear of further sellers
The "what if there is something to the silly valuation thought" what don't we know and why, this is AIM after all.
The results for last year being due soon
The fear targets won't be met again
The clarity around Largos message and what they expect VRFB sales to bring to the party, when they have only just started.
So many pieces to the BMN story and they are still being manoeuvred, the AIM crowd does not see this as an enticing opportunity yet only us true believers.
Its bonkers but the situation is as it is and we can only wait. This is not what I think but it is what I think the market thinks.
I am very much looking forward to the Crux interview and investor meet as it feels like there may be some positive news by then.
I feel that what we need most is more institutional investment. Surely there's got to be some interested parties at this price level who are considering accumulating?!
BMN are fully funded for their expansion plans and have just invested $7.5 million in Enerox.
They are also making very healthy profits of around $1 million per week at current run rate and V price, so unless there's something that we don't know about it's just a case of sitting on your hands until the seller's done.
We also own approx 52 million shares in Afritin.
Production up, vanadium prices up, vrfb market gaining traction, electrolyte factory under construction, but the SP is down, I can’t make any sense of it!
Too many false dawns?
is it so quiet today here when Vanadium prices are the highest they have been in the last 2 years, and still going up ?