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Some people need to get some balance in their lives and portfolios. Jeez BMN has had a bad year so far, so what. I for one was bullish on gold this time last year and bought into miners using profits from BMN. This year I am still bullish on both but I am taking profits from my gold miners to buy more BMN. I have taken money out of all my rising stocks this year and bought more BMN. I now hold more BMN shares than I did at the end of 2018 and expect I will hold less by the end of the year.
I like BMN and expect it to be a multi £ sp share in the future but because I have a balanced diversified portfolio and holding rules I see short term price discrepancies as a way to make money not Twitter on here endlessly about when the Sp will go up again.
Invest or don’t, opine or don’t but please stop the constant bickering it is quite tiresome and gets in the way of the good posts.
BBN and Ophidian thank you for your balance and opinions though.
I think the tin price is largely irrelevant at the moment given the puny amounts being produced currently, a 10% fall would certainly dent the SP if in full production but not at the moment. I believe the lack of buying is down to most PIs (mainly BMN holders) are buying as much BMN as they can at the moment and the uncertainty over the future share dilution on stage 2 fund raising..
There is obviously a general negative mood surrounding most miners given the global uncertainty and ongoing trade war (which nobody wins but dents China’s growth in the short term).. Junior miners requiring funding to grow, like ATM, are therefore going to suffer even more. I genuinely expected the SP to be around 5p by now so this is very undervalued imho. But, the low SP has a further knock on, it potentially increases shareholder dilution on a fund raise. A double whammy..
When ATM are producing 10k tons and have their own smelting plant, as planned, in the next 4/5 years I reckon the MC will be around 500M, so with 1B shares around 50p. (With an assumed £5k profit per tonne) For those who remember this has been my view since last year. Therefore if the dilution increases the number of shares to say 1.5B then this SP target falls to 33p. I am still happy with a very likely 10 bagger over 4/5 years in my portfolio, although a 15 bagger would be even better!
I have a very nice holding here and will probably add once the stage 2 fund raising has been finalized and the dilution is known. In the meantime this is a buy and hold play as part of a diversified portfolio, not a get rich quick punt..
All in my opinion and using assumptions that others are free to believe or ignore GLA
Thanks SOTRR... nice to see somebody keeping this board ticking over...
I have pretty much switched off now until production starts and we get a better idea of the stage 2 timing.
Unrelated to a point but one of my friends is big into copper and he believes it is about to bounce as China pick ups. I think all commodities could enjoy a nice run back end of 2019 any beyond so ATM will hopefully get their timings spot on..
Here’s hoping GLA
Abby that is a strange tree you are barking up. You are wrong but even if you were right so what? People are free to buy and sell shares as they see fit. This is not a moral crusade it is a company.
I will not speak for anybody else, but I personally sold a few on the last rise, to stay inside my 10% maximum in any single holding rule, and have bought more back in recent weeks. I had no special insights or information I just followed a strategy.
If I had owned a few million shares back when they were 2p then I would have sold even more by now too.
Nobody needs to answer to anybody else on this board and I would suggest you keep your small minded thinking to yourself. People like you are the reason I keep my shareholder numbers to myself now.
Yep, I noticed I now have shares in Tally Ltd on HL too. Staying Positive.
A general comment aimed at somebody who is looking at other opportunities. So why do you spend so much time spouting your drivel on here? Nobody is really interested..
Trumpy, I like that one...
Remember gold can do 3% volatility in a day without blinking and lost 15% in 6 months last year (before making more back). This really could do with a little smoothing as some people will panic when they see 3% has gone from their bank account.
the Indians get gold so I would be pushing tally like mad right now on Indian Twitter (or similar) and the Indian government are desperate to get people into a digital mindset and wean them off crypto. This should be huge with that market.
Hi Optimist, I did not say it was a bad deal, that would be totally wrong of me as I am not currently invested. I am just not sure at the moment that I can see enough to convince me to jump back in. Like I said it really depends on the warrants which I suspect MJ and other top table members will get more of than they need to sweeten further investment.
I sold out of AAAP on a spike to use the funds elsewhere but have kept it on my watchlist. I am intrigued with the story and I will continue to watch for now and genuinely wish you and others all the best of success here in the meantime.
Interesting developments. Existing shareholders only 5% of the new enlarged company does seem a little mean though? Wonder how many warrants the top table give each other?
Could be the deal of the decade but think I will sit on my hands a little longer before buying back in. Good luck to the LTHs who stuck with this, I really do wish you well..
Just go to the tally website and download it https://www.tallymoney.com/
Hi Worzel, did not want to respond on the ATM site.
I assume you meant LION? RNS is very good and hopefully shows that it is FINALLY going in the right direction.
Would be nice to get some money back on that one!
Good Q & A guys. It is important that potential investors do not buy into the 'best until to wait for the fund raise before investing' case without taking a balanced view. Waiting maybe the right thing but not necessarily so
I hope Largo do jump into energy storage. Building a new market is not about more competition meaning a reduced share of a cake it is about making the cake much bigger.
Remember when Amazon started the online shopping revolution? Look at how many online retailers there were then.
Compared to now, next to none. The majority of the population could not even get online back then. Now the market is huge with thousands upon thousands of online retailers, but who is still the biggest, the best and the most valuable, Amazon. Every new market needs mass adoption to become mainstream. Renewable energy storage is the real story here and it is only getting started.
Exciting times..
I hope Largo do jump into energy storage. Building a new market is not about more competition meaning a reduced share of a cake it is about making the cake much bigger.
Remember when Amazon started the online shopping revolution? Look at how many online retailers there were then.
Compared to now, next to none. The majority of the population could not even get online back then. Now the market is huge with thousands upon thousands of online retailers, but who is still the biggest, the best and the most valuable, Amazon. Every new market needs mass adoption to become mainstream. Renewable energy storage is the real story here and it is only getting started.
Exciting times..
Just a word on marketing, I agree has been quite low key up until now but hopefully with App and card live they will ramp this up. I seem to recall it was only a few months ago that they advertised for a marketing person so hopefully they are now in situation and ready to get started.