Member Info for BenAlder

For a start, they were yesterdays figures. I ticked as a way of thanks. Shame we dont have a thumbs down button on here. Older and losing it.

Are you stuck here Lucky?

As there is nothing showing up on shorttracker, I assume that figure of 7.08% is the total of all those borrowed shares under 0.5%. So that is at least 16 players with small amounts. Probably hedging rather than for any nefarious reasons, but of course, if it is, we will be the last to know!

Maybe they are just trying to get in even cheaper, before the fundamentals and rising PM prices bring a wave of sentiment to lift this back to the teens.

@ Lucky - Having originally bought into this share for the vanadium production alone and having little regard for the battery side at the time, I have now been educated and persuaded by the arguments supporting the uptake in VFRB’s. Yes it will not be the only technology, but if you do some real research you will see that it is likely to gain traction in the short term because it is so fit for purpose. I imagine most of the other systems you refer to have not got to maturity levels required to arrive on the market in the next 5 – 10 years.

Most on here have a great knowledge on the subject, so I am sure they may educate you further, I only suggest you start with some more self-education before you get into debates here on VFRBs.

Why are all these VFRB battery manufacturers springing up all over the world now? They must see a market.

ATB!

It reflects his naivety of running a large industrial business, I agree. He is new to it. Aspirations perhaps made in ignorance of the facts. He has responded to that as a leader should do. He recognises the problem and is addressing it. Comms is an issue to us shareholders, but may be low priority to him as he is running around like a headless chicken trying to make the business profitable and able to meet future demand.

If you can’t trust the man to run the job, why is your money here? I had my doubts too recently. Re-reading the results in a calm state of mind, I see Fortune has identified all the critical elements and is responding. How the next six months to a year go will tell us which way we are going and if he is the right man for the job. Every business has challenges. It is how management responds that is most important. He still has my trust and respect.

I am sure many on here have reassessed their holding. The RNS was a big disappointment because of the slip on the refurbishment and slower, longer expansion/up-rate, higher costs. This has made people feel that the Jam has now been pushed ever further out and raised questions on management’s ability, and certainly dented sentiment badly.

Yet I see no material change to the outcome here. It will take longer to reach the targets we assumed last year. A year? They are addressing costs across the company. New Operations manager installed to improve worker relations, rectify over ambitious timelines and realistic requirements for the upgrade. Like doing up an old house, these plants probably need a lot of bits replacing. It will be an ongoing exercise and expense. The good thing is they have recognised their mistakes and are taking action. Maybe Comms one day too!

Based on current (realistic) production, costs and V prices, the income would justify a share price of more than double the current. At least mid 20’s. If the production targets are reached, then this would move to mid 40’s and new highs thereafter. The spangle model seemed realistic, now needs a little adjusting. I believe we have no problems selling our products.

So my case here is we are currently undervalued by 100% based on today’s picture, with the growth potential looking very good once the refurbishments and upgrades are completed. I believe VFRB’s are going to create enough demand on this metal to keep prices sustained at or above current levels. I believe the management we have will do it. The only downside is that I do not think we will see 30p this year unless a consistent flow of good news is delivered to drive up sentiment. Fundamentals alone don’t seem to be able to do it on AIM, but it is my basis for investing. I’ll stay and wait in any case because sentiment will come back at some point because of the profits or the green story.

A year to double your money seems good to me, but I thought the same thing when I bought my first BMN shares over two years ago! The company has in fact doubled (Vanchem/Enerox) since I bought, just not the SP. It is hard to find stocks that are so undervalued as this one, but recent events did remind me why you should not put all your eggs in one basket.

You’re right, they actually came by taxi! No sense of humour Cinders? I thought better of you. Sorry if you were embarrassed!

Selling solar panels? Securing V supply? Lemur purchase? I give up, why would they be there?

I've heard that they are just waiting for the refurb. to be completed first.

China is buying up the world, in dollars, before it becomes worthless.
T/O rumours would get some value back into this dog! Telegram group – start a rumour!

Yeah, give it to Mikhail, he comes across as an enthusiastic, intelligent soul, and as far as we all know is doing f.all at the moment. Just get a shave first! Lol!

$120kg/V -Nice problem to have. The sustainable level is likely to be less than half of that. Vfrb would suffer short term, but those prices would not last, but would put BMN in megs money just on steel sales. I'll take it!

@ Taufour - ‘needs to be very concerned about the possible price of vanadium 20 years in the future’

Inflation will keep the price rising, unless there is a flood of vanadium into the market. You can sell your electrolyte at a good price, as the recycling is not going to be complicated or as expensive as digging up ore and processing it. Your battery will be worth more in the future, then the cost to make it now. Relatively of course, as inflation will impact everything else too.

The same as, and probably safer than buying a house!

I agree regarding mining. I see Fortune as a proud man with something to prove to S.A. So the possibilities do not end with vanadium. I cant see us getting a JSE listing for BMN until we get on the main market. How long? But I think he has investors lined up for some JSE launch in the future. I hope it happens quickly. AIM is really why the SP is where it is. ATB.

Thank you BBN for your insights. I like your thinking!

So the tail was wagging the dog after all. So makes the question of BE as a spin off a strong possibility. With a JSE listing?

Thanks also to sloppy and Floyd etc. You guys come up with juicy stuff too!

@prusells – There are no guarantees in investing in stocks and shares. Only bet what you can afford to lose. BMN has its risks and you have to decide if they are worth it against the potential gain. No one knows when or if, but we make educated guesses and then gamble. You get some right and you get some wrong, but mostly you have to wait! ATB!

What does your research tell you?
The market only tells you what value it has subscribed to it.
Understanding market behaviour is useful to understand under and over valuations.
Do some research! Lol!

Nice find. Kind of reflects how I see it playing out and why I moved to gold and silver stocks this year. If I had a mortgage, I'd be looking at fixed rate deals now. I remember paying 15% interest! Life is a big circle!

https://www.kitco.com/news/2021-06-08/Economy-is-sitting-on-a-time-bomb-Deutsche-Bank-warns-of-devastating-effects-of-inflation.html

Interesting article. Deutsche Bank commenting on US inflation control. I tend to agree with them.

BMN bought Vanchem, which obviously changed/delayed these plans. I do not believe we are being penalised for that reason. The cost of our rapid expansion caught up with us, coupled with low V prices and covid, but we have endured that and turned the corner.

The falls from the recent highs are down to Orion, Acacia and profit taking from PI’s. Looking forward, there is no reason not to believe the SP will catch up with the value on offer here. What other obstacles lie the way?

I'd argue that there is a pause, as people on the side lines wait for proof of progress for this year. We only need confirmation that the refurbishment is working, we are producing more vanadium, and costs are under control. Employees are happy. V prices stay above $35kg. Some large orders from IES, Enerox or Escom, will also help sentiment.