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Wow, some people are really scraping the barrel to top up on the dips in another stock popular with ATM holders me thinks... could be wrong..

Odd thing is they are both 5 baggers in 2019 imho so I would not be selling one at a low to buy another one?

price will be circa £2 this time next year, so does it really matter what it does day by day?

I do love reading charts too, as they are great at telling me what happened yesterday and what the traders will do tomorrow! Not a jot of it though has anything to do with fundamental value and how I run my portfolio.

The world of equities are suffering a world of pain yet people are stunned that this share does not keep going up in a straight line at 5% per day? Really..

It takes time to build trust because AIm is so full of crooks and rubbish (and empty shell mining companies that at one point were hugely undervalued!)

I cam across Wres because of a decent poster on another board and once researched I was in. Initial 0.51 average, now down to 0.49 average and will look to continue buying over next few months. One day next year we will wake up to a 1p, 2p maybe even 3p SP and who knows after that.

Ignore the noise read the interesting vegetable stories and let the SP take care of its self...

GLA

Not really a lot in the scale of things but not great when it happens on one day in one lump, hence the fall in bid, but the MMs still want 3.6p if you want to buy.

As FB said they probably had their hand slapped fro breaching 10% rule so had to sell down a few. I am sure they would have been holding on hoping nobody noticed so they could sell into good news.. Which, I think (well hope) is due soon.

Are the trolls out?

Not a surprise really. Soooo predictable..

Read the article below and stop watching share prices every day, it serves no purpose as they do not go up in a straight line..

https://www.thebushveldperspective.com/blog/public-articles-1/post/wogen-gone-351

There are large investors building large positions with a probable target price of sub 50p. The MMs will make a nice bonus on the ones they buy at sub 50p. Because there is buying pressure as soon as there is no sellers the price will rise. So stop worrying about your 10% and hold. Use the time to read the many articles kindly written, for free, by the great LTHs on this site.

For some of the LTHs on here who think it is okay to attack anybody who dares to even breath a negative comment, come on is there any need.

200k for me faramog. Thanks

From my reading they have enough to get stage 1 to production and then with a a bankable project they can look to raise funds for stage 2 (the likely placing). My hope is once stage 1 is live and they have actual production the sp will get a nice re rate. Which will hopefully mean less of of a dilution for the placing.

Excellent article, as always.

Love them or hate them for the share price to go higher we need a few chunky IIs buying stock in the Millions. As there are al lot of PIs owning Millions of shares who are looking to take profits and PIs are now buying in the tens of thousands. Also this is a company IIs will love, a simple strategy, great barriers to entry and profitable, heck (if we could move the mines out of SA it would even tickes all the boxes LT or FS say make a great company).

The downside currently, as debated on here yesterday, is the takeover possibility is real. A big miner could find £1B under the rug or in its loose change and build a big stake very quickly. This is where, in total irony, being a SA miner could be an advantage as many of the big companies will be quite nervous about the politics and the mining charter.

This is going to be a fascinating couple of years in my view and a great story to be told (Alpha can sell the publishing rights).. GLA,

An excellent article and background story.

This would really help Africa catch up with these rest of the emerging markets. For BMN to be involved with this is a real boon for the company and as such it’s investors. Let’s just keep those pesky Chinese away from SA’s Vanadium...

The process is called ‘self assessment’ for a reason the legal requirement to declare tax falls on the individual to delcale, not for the government to ask “have you got anything to declare”. Ignorance is not an acceptable legal defense and the penalties for avoiding are strict and in some cases classed as criminal acts,

Trying to avoid paying 20% after already having the ability to put £40k in a sipp and £20k in an ISA each year is not clever, it is immoral and it is also illegal. If you mention your thinking to an accountant they are also legally required to report you to HMRC without telling you they have done so..

80% of a lot of money is still a lot of money....

Will find its way into here quicker because of the BMN story, I have no doubts.. in a lot of ways I am unsure why ATM was split the synergies were quite high. But will be to our advantage here I believe.

ATM will come to the attention of the likes of Golden Summit a lot more quickly so Hopefully raising the stage 2 capex a lot cheaper and reducing any dilution.

An exciting 2019, 2020, 2021 etc. ahead

Shares bought via an EIS are exempt from CGT after 3 years Worzel...

Other option is to invest the gain in an EIS and defer for 3 years. As you get 30% income tax relief you also then have the money to pay the tax... so, in simple terms if you sell an asset for 100,000 which has a £50,000 gain, keep £23,400 (the amount including your CGT allowance) and invest the balance in an EIS, get £22k tax relief (assuming you have sufficient income), hold for 3 years and pay £12k CGT (you also have the CGT allowance in the future year
too)

Bit faffy, EIS are not always great investments but above is purely about the tax planning...

Good post CC

Okay, convinced... I need to loosen a little, hold limit raised to 20% but only for BMN... if some experienced investor is willing to continue building a 5% + position in BMN at £0.50 then who am I to argue. They will be looking for a 5-10 times return minimum.

@ Knuttie, your 100% all in story is a great one and I am chuffed for you. As I have said in other posts I remember people remortgaging their houses in early 2017, late 2016 to buy into BMN and many of them are now millionaires. A great feeling...

I only currently own 200,000 shares but as £2 to £10.89 vouchers that is still going to give me £400k by end of 2019 and 2.2M by 2022 (Just my short term belief based on fundamentals and the valid opinion of Ophidian, not a tip or a ramp).

I have sold 300,000 share during 2018 for 3 times more than I paid for my total initial investment and do not regret one sale (I regret not making decisions but not the outcomes of ones made). Because of my long held investment rules. Some might mock, hindsight makes a wonderful bed fellow for the ones who get a decision correct, but the way I see it is for a £20k punt, I have made £75k cash and still own £100k of stock, I can live with those returns.I sold to take profits and keep my holding at my maximum 10% holding rule, which has served me well more often than not (I remember selling 5 of my 7 bitcoins at £15k last year thinking I was mad, my last 2 are still worth more than I paid for all 7 by the way.)..

I have come around to this being one of those great investments and unique companies that come around rarely every now and again, holding Vodafone from a 250 company after a tip was my first and there have been a few other but this is going to be another imo. GLA all...

Honestly could not say...if I had funds to invest and had to pick one right now I would go for ATM but mainly because I am fully invested in BMN and it has been on a strong run recently. But more news could easily land for BMN and push the price to 70p by th end of the year..

I fully expect then both to be core 10% holdings in my portfolio long term.

Sorry not be able to be more specific.

So, as a fact can you prove paid trolls do not infest these boards? Suspect not.

It is a well put forward supposition that in my opinion I believe to be a fact, as such I put it forward as a fact... when somebody provides evidence to the contrary I will change my opinion..

I did not specifically call you a paid troll? So why are you taking offense?

Don’t mean to offend but I have posted the link to the research many times.. http://afritinmining.com/wp-content/uploads/2017/10/Afritin-Corporate-Presentation-October-v9-TAV.pdf

All I said was I don’t engage with Trolls. I have a opinion which many share and as I did not aim it at anybody no harm was done to any particular poster.

Funnily enough though you feel the need to respond, odd that?

Yep.... they need to raise 16M for stage 2, pretty much the current market cap.

Thing is though, if they didn’t the shares would be worth twice as much, 50p, at stage 2, hence the discounted share price in my 20/24p target.