Member Info for alfredh

His messages are ALWAYS full of positives, at ALL times, even if the negatives outweigh positives 10:1, hence "broken record".

apropos "inaccurate":

ARCM over the last 18 months BMN have delivered on promise after promise. Stop misleading the market.

"Vametco … sustainable production and reduced costs."

Reduced costs? That's your guess. What's reduced for sure, is revenues. And depending on how much more the price of V declines, profits might be reduced to beyond nothing!

"Vanchem … commissioning kiln 3 with resultant increase on production."

Waiting for the next fumble, the next disappointment here. The promised cost reductions might not come to fruition at all!

"Electrolyte plant … huge progresses at construction site."

LOL! Huge progress, what exaclty? They managed to successfully erect a building? Truely unbelievable, what an astounding achievement! They must up for a huge bonus for it! Ridiculous^10! In reality they were dragging their feet for YEARS and all we have now is a construction area. HUGE achievement, indeed. LMAO!

"Mini grid … construction begun. We now know delay due to permissions."

Another case of pie in the sky, promises and zero return.

"Long term wage agreement in place."

Right, resulting in +35% compound wage increase. What a bargain, yahoo! LMAO!

"Studies at Vametco and Vanchem published outlining expansion plans."

"Studies" and "plans". Give me a break!

"Stop misleading the market", eh? That's your area of competence, indeed.

LOL, the "negative sentiment" lies in the stock price itself! Down -65% in just a few weeks! It's just a fact. LMAO

"We have also manged to roughly double production "

I'd rather prefer we had double the share price!

"Although BMN has increased debt and reduced cash over the last 2 years, as I commented this morning the latest ARC broker report shows this strongly reversing over the next 18 months. "

Since the future price of V is not known, profits (if any) are unknown, too. So the comment from ARC is utter rubbish as they don't know either of those. A loss is very well possible, too. Today the price of V is down another 2.4%. That's been an almost daily occurrence for the last couple of weeks now. V2O5 and FeV are down -35% and -45% respectively from their March highs (BMN stock is down -65% from its March intraday high of 15.2p.) and since we're heading into a recession, there is no end in sight. $5 V2O5, who can rule it out? Nobody can!

Still the market maker is the other party, either buyer or seller so it still is a TRADE with a buyer AND a seller.

Yes, these shares have been SOLD by somebody else to you. Earmarking trades as a "Buy" or "Sell" easily makes it to my top 10 list of dumbest things I have ever seen. It's a TRADE with somebody buying and somebody else selling at the same time.

A daily occurrence, indeed!

Now a daily occurrence, it appears.

We're heading into a recession, which means falling prices, falling profits. This in addition to the foreseeable need for a cash raising determines where the share price is heading.

6.50p

HarChris wrote: "Whilst sentiment is poor there is a limit to how low a share price falls and in this price environment and we can't be far off that limit."

Posted when BMN was at 11.50p.

"We are therefore in a situation where almost anything better than expected will really jog the market - production coming in higher, a BE update, an Eskom tender win. "

Failed on all three!

I wrote: "Another area that I deem very disappointing so far is Bushveld Energy. ... Have a look at the long list of projects that keeps being postere here once in a while. Most of them have been announced years ago but not one of these has materialized! One can only hope and pray BE better be successful in the Escom tenders. Just for a moment imagine they came back from these tenders empty handed."

That is *exactly* what happened, BMN came back empty handed! And given FM's excuse for it, there is not much hope for round 2 either.

As expected, the announcement of 2021 financial results - just like any other RNS lately - failed to provide a lift to the share price. And understandably so, as they lost money and were cash flow negative. Considering the makro economic prospect of a recession coming in multiple parts of the world, many market participants see V prices dropping further.

Unless further bad news is filtering throuugh. I fully expect them to either guide higher on costs or miss cost guidance. Also, cash flow won't be nearly enough to finance the planned expansion. So futher dilution is coming our way and the market is preparing for that, taking the share price lower. Once it becomes obvious or even official, watch out below!

On a daily basis now? Shareholder value destruction.

If anything, a 5 Year Low despite current V prices is testament to the company's inability to deliver. The last time BMN stock traded at current levels was before they bought the first piece of Vametco, in other words even before they became a producer. V prices were lower at that time, too. Now, despite being the owner of two producing assets and a V price higher than back then, the share price still sets a fresh 5 Year Low. Truely a jaw dropping "achievement"! Despite the myriad of things the company - according to the broken record - achieved less than zero shareholder value has been created.

With regard to the future, I'm sick of listening to the broken record. It's been playing the same "we are so f*ing undervalued" song for many years now. To no avial.

The half year report is going to disappoint your unrealistic high hopes again. Just like every other announcement lately. Delays everywhere. V ramp, electrolyte production, mini grid, you name it. Cost increases all over the place. Labour, supplies, energy, transport. Kiln 2 could possibly counter this for once but cost inflation is here to stay. Too little, too late. Main takeaway: This dog doesn't hunt!

The last time BMN stock traded this low was during the week of 22/03/2017!

Now make this a *5* year low!

You were not among my candidates for having balls anyway. LMAO

So who has got the balls to admit that he/she was wrong?