Game plan10 Jul 2020 14:43
Right I have had a good think and am changing my game plan.
I REALLY expected things to have moved on 're BE much more by now but as I understand it the electrolyte plant have been pushed back to next year and now Mokopane as well, suggesting they really don't see any demand just yet, this along with no news thus far says to me things are running much slower than has been expected, after all they have been talking the talk for long enough with what, a few hundred kgs of electrolyte rented to Avalon. There may be loads of news in the pipe but they are keeping schtum saving for JSE(makes me mad but such is life).
No response to current valuation so must be happy for now...?
I have a Goldie which is presently sitting £25k to the positive and looks like going much further so Mr MM please keep the sp in this range gents and in a couple of months maybe 5 or 6 I will liquidate my Goldie and poor (geddit...) into BMN probably trebling my holding. Hopefully we will be in a better situation by then.
We cannot change the current situation so I am changing my mindset with a new plan.
Unfortunately the new house will have to wait as that is where BMN will go when I do sell (unless we get a sniff of divis and a firm idea on future revenues), I did not expect to be 50% down after two years to be honest but c'est la vie
Gla