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More lip biting grrrr. Yet someone has time to write a book!!!
Got to say it really looked like someone went all in this morning to tank the price with that 0.5M early sell. Think they hit a solid wall though as the buyers came back at 30p. I scraped together another 11,000 at 30.62p
A floor? Hopefully. If no bounce it would just be nice just to have a boring few level weeks before we start the next leg up. So undervalued...
for another wannabe V player, Iron. Could see that recent pump and dump play ending badly a mile away.
Why do people on Aim not learn, buy companies that are making money. Instead of buying the ones being pumped and primed as the next BMN just buy and hold the real thing...
instead people line up at the Aim casino tables and give their money to the pump and dump artists.
Only 3 V producers in the world currently and a growing structural deficit? I am now buying more BMN whilst the Aim market is pumping future winners.
For those looking for the ‘future winners’ just visit Twitter for details. terms and conditions apply, such as agreeing to be stupid, gullible and to happily give your money to the traders..
James and others stop worrying.... I really struggle with the hysteria on this board regarding the short term sp movements from those screaming about being LTHs to the day they die and blaming every conspiracy theory they can.
Honestly if you owned any number of FTSE 350 shares you coukd have easily seen 40/50% losses in the last few months. BMN is just another company, a minnow listed on AIM at that.
I have 10% of my portfolio in this share and of course I want it to go up every day and truly expect this to be a £2 share within 12/18 months but come on whinging every day about more buys than sells, big background sellers, MM games? Come on please..
Yet again, my note will be drowned out I am sure...in fact some might even report it as heresy!
People hopefully know this is a 15, maybe even 25 bagger as long as they hold for a few YEARS not days and weeks.
Unlike the V mob who all shout they are LTHs but scream every day about short term falls this just bobs along nicely..
Yes, I hold V shares as well but again I know they are for the long term
Just bouncing up to 12p and back down to 10p, will continue to do so until we get income numbers.
the 2018 accounts will still be rubbish but as long as we get guidance on January income and this continues to build during 2019 this share will tick up. Not sure why everybody is expecting big moves at the moment?
This should be 0.5p by end of year, not end of week! and maybe 1p by end of 2020 not end of February!
A very nice LTH multibag hold but peeps really need to stop worrying every day about selling.
We all know the warrant holders will take their 10% as soon as it bounces up a little and then exchange their warrants at 0.1p once it flies. just the way it is.
Well said Ophidian,
Can I also suggest we stop with (or cut back a little on) the usual 'reasons to be cheerful' posts that get paraded out constantly on this board for a while.. Those still in are LTHs and know it will come good and honestly this share is as a little past the need for the constant ramping and 'top up posts' that occurs on most LSE boards.
A time for a little calm on this board me thinks, it is not the only sp in the world to suffer short term pullbacks, get over it..
Some good balanced posting. I do like the fact that you have kept the faith and kept posting..
I was probably over positive about Lion initially, not sure if CP took his eye off the ball or whether it was just genuine bad luck (delisted because of school boy Nomad errors), bad management (I really don’t rate Ralph Hazel) or a mixture of all. The gold price collapse did not help either!
I can understand the need of some to vent just not sure what value it adds being negative all the time, I would hope by now CP accepts the PIs were badly treat. That said the words and actions of some on here, Twitter, ADVN etc, where and are a total disgrace so I can understand why CP might have wanted to spend time under the radar. Not sure we will ever know the true story.
On a positive note The Tally concept seems better than ever and we still have the gold mines bubbling away in the background, so with the gold price on the up hopefully we will get a fair start. Just need plenty of paying customers and plenty of funding before we relist. Otherwise the haters will have a field day.
If any of the BOD are checking in, in my view this year has got to be about delivering value for the badly treat PIs first and foremost. You need to launch a business that can support a 3p minimum opening price so people can get back out with their cash if they want to, not rewarding the city peeps with millions of more warrants so they can continue to shaft the pi’s.
GLA
Go read my note of 17th November and then please apologize...
I rarely post my exact buys and sells but I did make it clear that I hold a core holding but had sold down shares during the recent rise and previous ones.
I have defended your right to post on this board, although I have largely stopped engaging with your posts because you add very little value but I will not stand by and let you have a go at me without reason...
Ahhh, and then the knife twist... are buyers posting buys really selling? ....veryclever Srob, get people engaged and then start with the doubt raising remarks...
You may be genuine but that type of posting is quite common amongst a number of certain furry posters on LSE....
Hi Srob, yes I do have a overall plan and price when I will start selling some of these shares but I will keep the exact details to myself. I am not a trader but I do understand TA and can broadly gauge when a share is at the top of its growth cycle (very rarely get the exact top but that is not the point).
BMN is one of my main core holdings and I believe it is one of the better ones but no matter how good I will never let it become more than 10% of my portfolio, so my buying and selling and portfolio rebalancing is broadly driven by that approach. Most of my holdings have a 5% maximum cash and BMN is only one of 3 with a 10% cap. Because of that I am “forced” to sell investments as they are rising (what most investors never do). I rarely average down but I do continually rebalance my investments, as such I was fortunate that I was able to take profits from my gold mining holdings and buy more in here recently.
I held another investment from an average of 3.6p all the way down to 3p earlier this year and bought more at bottom because I knew it was a good long term hold. I then was fortunate enough to sell some at 4.4p a week or so back, but I still own a core holding. Point is at 3p it was a 20% fall but I saw it as an opportunity to add more to a great investment not a reason to sell.
Of course I could have made more by simply buying £400k of BMN at 9p in 2017 and holding but hindsight is a wonderful siren call but it is not the way I manage my money. Not saying it is wrong just saying it is not for me. I do now have enough in my SIPP and ISA to retire if I want to and I am not going to put that at risk.
An investor researches an investment, sets a target price based on known facts and holds until said price is hit or facts change.
None of the facts have changed since the 48p sp and the ‘short term’ target price for many on here (based on current facts) ranges from £1 to £2. Long term, with BE in play, who knows.
Once an investor tries to time the market and jumps out they tend to then focus on the reasons not to buy and miss out on the buying price. For an Aim mining stock focussed (mainly) on mining one mineral in politically unstable SA there are many potential risks. Investing however is based on balancing risks and fundamentals to make a return, not short term price movements, you are confusing investing and trading.
I admit to adding to and selling my BMN holding as price changes. I reduced my core holding to 200k when the price first went over 40p, my holding has now drifted back up to 300k and will probably get cut back to 200k once we approach 50p but that is to ensure I do not become over exposed to any one investment in my INVESTMENT portfolio (my 10% rule)...
BMN is an investing stock if you want to trade try the current pump and dump stocks, (just visit Twitter for details)
An excellent post stingystim. Everyone needs to remember that even with a bright long term future BMN is surely now appearing on the radar of some of the big boys who would like a Vanadium play in their portfolio. Bmn has done all the hard work to date and all that remains is to grow production, just when the big boys like to swoop.
I am holding for the long term and hope to be in the position of considering the sale of my last 100k of shares at £10 each but jumping out to buy back cheaper is a dangerous game.
We seem to have attracted a few of the Jonny come latelys who will jump on the shorting bandwagon. That seems to indicate a very good time to buy imho.
Right leaving this board alone for the weekend as no desire to get into debates with some of the new posters..