Richken - yes we have seen how careful Fortune is with getting all his ducks lined up in the past. Vanchem (pronounced 'K'em as in 'Chemistry') will be no different and whilst Vanchem could work with Vametco/Brits ore (perhaps it may have even done this already ...) it is clear from what Fortune has said that Mokopane is the intended supplier for that site.
DaddyBigBucks - the key point is :- "Of particular concern is the requirement for all home battery systems – even those rated by Standards Australia as having negligible fire risk – to install complicated and costly fire proofing measures on installation."
So despite VRFBs having essentially zero fire risk they are also caught up by these 'standards' which have been drafted by those that wish to keep Australia wedded to their polluting energy generation strategy.
At 16.5 Tonnes of CO2 emitted per person per year Australia is one of the world's dirtiest producers of energy - even higher than the US. In fact Australia emits more CO2 than the UK, despite having less than half the population.
RE: Interesting John Meyer comments11 Oct 2019 08:12
I'm happy with that - we make regular healthy profits. The VRFB industry can rely upon stable pricing and certain traders who will remain nameless cannot speculate on huge price rises for the commodity. This is precisely what BMN needs, and is trying to create.
On the subject of Mr Waites, it is of course curious that he abuses those that use chat boards to share information in a reasoned and rational way. He dismisses everything here as simply the opinions of the great unwashed but of course assumes that we are meant to take his opining as if it has been brought down from Mount Sinai.
Perhaps John Meyer was not quite so prepared to listen to Mr Waites rant precisely because he was aware of the great research that has been jointly undertaken by the BMN shareholder community and this board here.
Bella - TPEP wants to close their short now because the SP is inevitably going to rise following the completion of the Vanchem acquisition. I don't think any serious shorter that had done any homework would have believed that BMN needed to do a placing to get Vanchem over the line, though there might be some amateurs who haven't bothered to do their background reading and may have presumed that they might have had to do what the majority of AIM companies are forced to do.
My point was that Vaneck, if they are smart, will hang on past 26p when disposing of the BMN shares that they have told themselves that they no longer need. This kind of unthinking behaviour might explain the lame performance of their fund over the last 5 years (down 12%) - in the same period BMN is up 558%.
not sold a single share yet. They are waiting to get them back from TPEP no doubt.
Then if they are smart they will wait for the price to rise before they chuck the shares back to the market makers. We already have a strong suggestion that they understand that they should not take less than 26p for these shares, but will they be any more intelligent than this and wait for a proper rerate ? Time will tell, but I am not hanging around for that as I'll be buying more today.
MenoMosso - sorry I am no longer making the trading analyses public as it gives too much insight to those that would simply wish to trade the stock and undermine the fundamental valuation of the business.
What I can say is that it is clear to me that the Market Makers have let TPEP, and perhaps others, close their short cheaply, at the expense of whichever foolish March 2018 placee has been selling since November last year. Ultimately it is easy to make money in a casino if you mess with the gaming tables and bribe the croupiers.
The other takeaway from this is that it appears that there are more Sells (i.e. shares going from external shareholders to the Market Makers) than would be necessary to fill the Buys that close the well advertised TPEP short (and perhaps others). It would appear that the Market Makers are simply printing shares for their own pot, which they are doing so that they have plenty of stock to sell into the rerate that is obviously going to come in the next few weeks.