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Timing is everything?

Coincidence they’re exercised to be admitted on the 12th? Assuming he’s not selling forward (a big IF)......another potential sign of strong positive news flow breaking after the EGM? Another reason not to sell this week for anyone in doubt. GLA LTH.

* I thought you had it spot on first time

Agree - they are really taking the pip

(They’ll need to let it go soon though - cant keep a good thing down.....)

Likewise - and agree re calm. BMN’s marketing person ‘in the room’ sending the tweets should also be commended and encouraged to do more, I cant help but think they are too conservative /hiding their light under a bushel (no pun intended). Stepping up their marketing profile would be great for the business. Here’s hoping that the today’s Twitter feed is part of the start of a strong marketing campaign.

@Bassguy and others taking time to succinctly summarise the commentary today - very much appreciated. Thankyou. (And yes...I topped up twice today...)
GLA

I’m on the same page - methinks they are holding back the news so that FM can deflect questions on (what should be fab news) at the Indaba by saying he ‘cant comment as in a closed period’. He probably doesn’t want to upstage the other speakers by making it all about BMN. If that prognosis is true - then fingers crossed for some very positive news flow and the long overdue re-rate for the sp. GLA

@ Chislehurst - agree that huge parcel which is subject to lock-in was previously tempering my enthusiasm for the share. However, I am also banking on the fundamentals of this business to align all LTH interests and Lombard etc will want time any sale to optimise their profits. May be wishful thinking - time will tell - but I believe in this business and have been topping up since October.

Alfa - I had not seen. Much appreciated.

Absolutely Fleabite - the whole episode will certainly give the industry and regulators cause and pause for thought. (My point was more this bb has taken a constructive and grounded approach to discuss the underlying issue of shorting/manipulation rather than simply shout ‘let’s form a reddit group’like some others).

Here’s to an interesting week next week. Again GLA.

@Sanchez - “keep the faith” - best order of the day - couldn’t agree more.

GLA and thanks again for the balanced and informative bb you guys are collectively helping maintain (when elsewhere other bb’s are shouting ‘reddit’ like a bunch of mad bull frogs this morning)

Understandable frustration at the SP on here.

The RNS was very detailed and a lot to noodle on - just look at the amount of questions being raised and clarity sought on this bb.

The wider market don’t have the benefit of the expert insight of Coastliner, Cornishknocker, Djryan (to name but three) so generously and readily shared - and to whom I would like to say many thanks indeed.

The financial press most certainly don’t have that expertise on tap..........and therefore are still digesting the news - which -notwithstanding the remedial work in hand - was for me nothing short of excellent.

Hence - hardly any press commentary, analysis or updates published.....as yet.... which will drive renewed demand.

The RNS reaffirmed my confidence my investment, the Management, Credit profile and fundamentals of this business. Also an unexpected chance to top-up whilst those unfamiliar with the opportunity are getting up to speed....

This is a mine - and just like the processes with which the business is engaged is not a get rich quick scheme. It is IMHO one of the best - albeit yet to be fully appreciated - opportunities on offer today for LTHs.

GLA

@Nate .....well said

“Build it and they will come....”

They are still building......nearly there....once the missing pieces in place and production commences......patience.....

Good weekend and GLA LTH next week

Agree MM games at play.

But as an observation - What a difference a letter makes.......been watching the downward pressure on RMM correlated to sentiment on RMS. I’m not drawing any comparison to Credit profile/fundamentals as I’d buy RMM all day on that basis and a credible management team etc etc. However - I’ve noticed as RMS news/price picks up pace then RMM seems to be held back.

Might just be me - but hopefully (notwithstanding a good trading update from Toby soon) the switching of funds /flip flop trading chasing the latest ‘Boooom’ will allow RMM to re-rate to where it so rightly deserves.

Agree - flat by 09.30 - and yep was NT on the dip for me.

A lot said here already - but my two penneth: I believe new BoD is focussed on Governance and distancing themselves from BoD;

Timing of RNS - and stating what’s known - is imo motivated by wanting to distance from actions of the old guard;

Whilst I do not believe it’s a case of ‘bad news on a Friday - I do hope its a reflection of incoming ‘good news Monday’.

Nice one Cyrox

Absolutely agree LondonVP.

Shari’a funding agreements are not something you simply rock up and pick off a shelf. They take a huge investment in time, diligence and most importantly - trust by all the numerous parties involved. The significance of today’s announcement has either not sunk in to Mr Market or just not understood. To be fair, I question whether many actually understand the complexity, diligence and detail of all the documentation process that the business is juggling at the same time.

This is a huge step forward and moreover a confident endorsement of the business and it’s employees engaged in the agreement.

Agree with Multibaggerjim entirely.

The business is simply getting on with what it has said it will do. Refreshing?

Yes its early days - but with the old BoD gone - the new guys have not given anyone a reason to doubt them.

New BoDs typically have a 90 day plan to come up with their findings/recommendations.

They also are likely to have contracts that are linked to an improvement in the sp on a trailing basis from when they started. They will be in no rush therefore to see the share price fly.

They are also likely to want to be seen as addressing /not guilty of the perceived Governance shenanigans of the old BoD.

The RNS was clear on orders: ‘No firm orders’. It does not say ‘ no orders’. Another sign of a BoD seeking to ensure they do not over promise and under deliver.

Only what is public is known. Only what is fact.....is known by the BoD.

We are simply investors.....not shadow Directors.......let the business get on with it......it’s only working day 13 of the new year after all....

That bull will run a lot faster with a trading update - be great to get one soon and break out from here

Nothing to add to what’s been said - other than - this bb thread is the most constructive, helpful and balanced on LSE. I’m a credit risk/fundamentals investor - so the insight and thoughts being debated in a constructive and non aggressive manner on here re MM tactics is enlightening and very much appreciated. Thankyou.