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Brad29 I am sure there will be some who believe you too... great thing about all X files is there is always somebody who believes them to be true and most cannot be disproved...

‘Shorters’

According to all the conspiracy theorists the MMs are 20M shares short (rolls eyes). MMs get paid when volume is high so not sure why they would be keeping this share low? More likely a institutional trader.

Therefore the shorter has sold 20M shares, about £8M worth for arguments sake. If they can push the sp down to 30/32p by dripping in another 5M shares over next few weeks then buy 25M shares back at 32p this buying will push the sp back up to 50p. Making them a massive profit. Brave or stupid that’s how professional shooters make money.

£10M and 25M shares is not a lot in the scale of a few of share owners in BMN therefore I believe the shorting is been driven by a decent size institutional trader who missed out on the rapid rise (Jeremy and Tristram do not like to be wrong)..

I could be wrong of course but as everybody else is entitled to a X File theory on here I though I would give it a go..

As such, unless you are very brave, rich or stupid I would suggest hanging on until the bounce finally happens. Personally I think 30/32p is a bit tight but even so it is only another 10% from here and the spring back will be be quick and dramatic. So, as I can I am currently buying more at these prices.

and all stop twittering... up from 9p to 34p. What more do you need?

The evidence has been posted umpteen times on here to point to AT LEAST the same growth in the next 12 months and probably the year after (and if BE hits the mark the next few years after that too).

Short term emotional responses are what causing this volatility but the long term case remains as sound as anything I know..

If you can find somewhere else where you can get 350% annual growth without too much risk go for it..

My note will probably get lost on the constant short term chatter on this board but hey ho, feel the need to speak anyway.

The whole mining sector is down, trading people need to make a decision on which is the biggest bargain and which is the best place to take funds from. I have taken funds from other investments and bought more here at what I believe are bargain prices others will make a different call. That is how a market works.

I think the likes of Ma5K coming on here with his charts at times like this is disingenuous but he sadly has the right to post as he sees fit. At least he will post a chart unlike some who go by the name but well...

It needs news, the price of vandium needs to settle, China and the US need to get their heads together, SA needs to stop being a political mess etc. etc. Shares go up and down based on all sorts of thing but overall fundamentals will win.

Although some will continue to believe in conspiracy theories (rolling eyes emoji)

Just ran a dummy sell and could sell 5M shares at 0.1p (not going to though). The selling is therefore probably limited to thouse holding warrants that can take a quick 10% profit but still have the option of buying back in at 0.1p when it starts flying. I know I would use free money elsewhere in this market at the moment knowing I could buy back in at 0.1p when it flies. Soo many bargains out there

Suggests to me that this will rise nicely once the income figures start coming in

Hi Alfa, I will stick with my £1 thanks. Thanks for the advice though...

Hi Alfa, I go back to the point made about production being at 10kT and doing own smelting..£55M at a 10 PE?

Alfa, I think we are saying the same thing so will not respond in depth regarding the 5000 T yielding circa 25M profit.

But... they are looking to increase production to 10,000 T (as per recent presentation) and will have their own smelting plant so will keep 100% of all profits, that is where the $100M per annum figure they quote comes from.

Might take 4/5 years to pull all that together but still looks like a potential £1 SP to me.. Which I am more than happy to wait 5 years for.

Not just me...

https://www.usmoneyreserve.com/blog/gold-prices-high-as-5000-oz-some-say-yes/

https://www.barrons.com/articles/gold-could-reach-3-000-to-5-000-an-ounce-1508556731

https://goldwealthfinancial.com/2018/08/will-gold-eventually-be-priced-at-5000/

https://business.financialpost.com/commodities/mining/money-tsunami-may-spur-quadrupling-of-gold-prices-mcewen-says

https://www.silverdoctors.com/gold/gold-news/gold-to-hit-new-all-time-record-highs-in-2019-en-route-to-a-5000-10000-price-range-later-on/

Unlike many on LSE however, i toned it down not up!

seem to be earning their corn tonight?

Have really upped the negative postings today...wonder why?

Thankfully they will be able to sell out soon and move on..

Sorry, meant to say 0.3p to agree with previous poster.

I have no idea what will happen in the next few weeks or months, although I do not think 0.4p by end of Q1 is an unreasonable proposition.

Once gold is at $2000 (will happen in next 18/24 months) then I do believe this is a 2p share. I have bought 10M shares in my SIPP so now to sit back and wait.. I have lost more than that on some of my FTSE shares in recent months so what the heck, worth a punt...

GLA

Positive news

Unlike a number of P&D shares doing the rounds on LSE and twitter currently WRES is beginning production and this will be increasing month on month, year on year. A real company based in the EU.

Production and income,( not licences, drill holes, under valued assets, dinner with General whoever in another corrupt African country etc.) is what drives a sp over the long term.

I don’t come on this board often and like most I am surprised the sp has not had a bump in recent weeks but this share is tucked away for the next few years and I expect it to make me a nice return.

It will take a while to clear the debt overhang and the placement and warrant sellers but this share is one of the few real bargains on Aim in my opinion.

GLA

Point well made UncleJohn, there is nothing wrong with banking life changing sums of money. I know people who put £500k in here in early 2017 and the returns, even to date have been life changing. And they still own more shares than most PIs today..

I get the need for some to believe in the ‘big seller’ and MM conspiracy theory but honestly PIs putting £1M in the bank but keeping 4/5M shares is probably behind most recent selling. Why not have jam today and honey tomorrow.?

This share will have at least another couple of big run ups this year on the right news, BE getting going and increased production just to name two. I am still in the £2 end of 2019 camp and happy to wait.

Costs are estimated to be about $13.5k per ton, so about $4K per ton profit at 60% recovery, so 70T would give circa $280k pm, say £200k.. not sure where the 1M a month in tailings sales comes from though? ATM currently have no income as far as I know?

Hi Bloodshot, sorry if came across as rude, not my intention and I hope I am wrong. I just see this one looking like another of the twitter P&D shares.

Ask back up to 13p....

Thanks fulmar, I will watch this space... GLA