Member Info for 993444

Missed one, not for long..

Soo amusing, first post and straight for the off. Wow, another 50p in the kitty. Another toss-pot filtered.

In my opinion BD Just another gold backed crypto not a fin tech company like Tally so cannot see it getting any traction.

Been watching this BB on occasion but focused on my normal (none Aim) portfolio which has thankfully more than recovered my losses here. Only 2 other Aim stocks left and I hope to get rid of them next year too.

I would expect bank shares and fin tech to do well next year although I suspect gold is going to go sideways at best for a while yet. It will not probably rally until we have another equity melt down. Although sideways and stable would be very useful for Tally in my view.

I would also hope to see some adoption by other challenger banks of tally like cards via a Railsbank linked JV/Licence This would bring the gold bank account concept into larger view and also bring in some useful licensing income.

Pleased they are getting rid of the gold holdings, although should have done it 4 months ago when gold was humming. Junior gold miners put on 70% in 4 months but have given a lot of that growth back. Although there is also a bit of corporate finance deals going on in gold so hopefully..

Not expecting a relist until at least May but even next September would not surprise me. I have written off my investment a long time back but anything back, even 25/50p in the £ would be something.

Just my rambles, I won’t be hanging around to debate them and really don’t care if anybody agrees or not, my 500,000 duff shares in this company allows me to have an opinion..

Anyway, GLA.

@lightningspike - not sure if that was aimed at me, as I previously confirmed I do own £250,000 BMN shares, although as this is only circa 4% of my portfolio I am quite happy to categorise it as a small holding.

@knuttie - many thanks.

Para 4 seems to have got muddled up, should read ‘Taking this position ensures no troll is allowed to build...’

The problem really lies with LSE not this BB. On many other boards we have the resident cheerleaders who are pumping the stock so they can dump, these people suck other less knowledgeable people in, especially when the SP is rising.

I had to admit when I first started following BMN I had similar suspicion regarding the Uber positive posters on here. To date I have become convinced this BB does act in a different way to others on LSE.

At times I do wish a few on here would tone it down a little, especially given the healthy and correct cynicism that is rife on the cesspit that’s is AIM. But on the other hand you have to admire the consistent messages and positive beliefs aired on here, mostly backed up with evidence. Especially against the constant tide of professional trolls who try and instil doubt in the mind of PIs based on half facts and innuendo.

I understand not every negative poster on this BB is a professional troll but suppose taking the view they are ensures. I troll is allowed to build a position of becoming believable, as on other boards.

My suggestion to people with doubts is that they go research the company and factors affecting it and decide to invest or not. If you have a genuine question ask it and it should get answered. But also be prepared to be assumed a troll.

Of course there are negative points and risks to the BmN investment, SA politics, the over reliance on one mineral, owning a coal mine whilst talking about renewable energy, the risks that VRB technology does not catch on. I would say ( and hope) that most regular posters on this BB are aware of these risks and have taken a balanced views, although some to tend play them down a little in a constant battle with trolls.

For me, it has been a good profitable investment and still remains a small part of my overall portfolio and I hope to continue to do well out of it for a few years yet. Would I bet my house and whole wealth on it? (No, especially given a 50% fall in a 12 month period due to the collapse in the price of Vanadium and the real risks that still exist in SA) but as part of a balanced portfolio it is probably one of the safest bets on Aim today.

I agree PD, we are due an operational update I would say.

With Tin down 20% or so from peaks basically any product would be just covering operational costs so this period should really about getting the plant ready to pick up production as the demand improves. I do think any positive news and a little tick up in the spot price will give the SP a boost. I still think we are 40/50% below fair value at this stage..

If the forecasts are to be believed demand will push tin up to 24k by 2021, as that extra price will be pure profit I think the SP has a long way to go in the next 2 years so I am happy to remain patient, although an update would be nice.

Never been known before....

Especially with today's positive vibes.

@luderitz I do indeed own ATM too. My only remaining AIM investments with 4% of my portfolio still in each. Although I think they are both too good for AIM.

Looking forward to leaving this corrupt cesspit behind and will look to sell both on a decent rise! Although it would be nice if they both could oblige and move to the main market then I might reconsider.

Same here, released a little cash and added a further few today ( 2 separate deals in my ISA and PPP) to round my total holding back to 250,000,, as this is starting to purr again I believe.

GLA.

The Chinese are storing tons of iron ore (and probably V) to turn into steel when the trade war is over. Australia and most of Asia are also at the beginning of another growth spurt, so all need steel. Commodities are always manipulated to suit the market players not investors so timing is impossible, but buying BMN when V is at these prices seems to make sense to me.

This is a micro cap in a currently unloved sector on a grotty corrupt market. I totally agree the sp is below where is should be 5/6p currently? Chronicly undervalued companies everywhere. The key to making money though, is to find them and hold them until the market sees sense.

Eh? What cash flows? The company has only just producing and even then only using a pilot plant?

I agree this share is still under the radar for many but to suggest that means they will go private is complete and utter nonsense.

They have a plan, a strategy, a brilliant management team and a massive resource base. It will be the back end of 2020 before positive cash flows will be seen and probably 3/4 years for the true value to be realised and I believe this will be a 10/15 multiple of current SP at that point. The management team are focused on building this value not the short term sp.

I have been using 2019 as a way of building a decent holding and will add the odd share here and there as time goes on. GLA

Totally agree, another 97,000 odd shares for me today. Been a while but these prices are looking good. GLA

Value gains long term, noise loses short term. I back value and ignore noise.

GLA

The regrets people will have when they tell their children they could have bought BMN shares for 21p....

No real need to worry, just short term summer drift IMHO. the shares are good value at this price and if i was not fully loaded I would some more. In a few months I suspect a few will regret not buying more.

Another filtered... This is getting really silly now... what a way to earn a minimum wage...

@teaboytalk. I think you are in the right ballpark with your SP prediction. I was hoping for 50p over the same period but that really depends on levels of dilution (which latest news provides hope of that being lower than expected). A decent rise to 5p or so will also reduce dilution levels..

I also think their smelting plant ambitions will add further SP growth. Either way happy with 10 bag from here as a minimum. GLA

The price and demand for gold is playing its part too..