RE: Just my opinion15 May 2021 20:15
The market does not get the BE story as little value has been shown.
Previous profitability has been burned on massive expansion to in theory feed the BE story, which has not been explained yet so many market participants see this as a big issue.
The market sees a miner that has loads of debt now and increasing costs.
The company needs to generate some excitement, make the story clear, show how BE will make money selling Vanadium at fixed prices to suit the VRFB market (no one has explained what happens if V prices go higher and we effectively subsidize battery makers instead of profiting from the raw material sale to a higher priced steel market, I assume leasing but again nothing clear yet?)
Once this story is clear enough for everyone to understand and money stops moving around in the background, selling stops, company structure and ownership are clear etc and the market can understand the value proposition we will find a true value, until then we are in limbo and at the mercy of AIM.
Only the BOD can fix this and no rampy chat by LTH will help unless some pump crews latch on for a bit.
There are so many unanswered questions 're Bushveld energy it is in my opinion a millstone around the neck and will be until all is made clear.
I am hoping we have something next week as there must be a reason for a Crux interview other than rehashing the same repeated interview from the last three years talking about vague potential. I want meat on the bones around BE, what it will do and how it will make money...with a timeframe. Time for the BOD to support shareholders and stop the opacity without apparent result. Am I the only one getting uncomfortable with the big shareholder movements, do they know more than we do and sooner, if so who reaps the rewards and who suffers?
Gla
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