Member Info for BenAlder

I am sure Dan would like to fund this with debt, but I do not see anyone lending without taking a slice as security and/or for a quick return. It is the way the world works.

crypto crash is golds gain!

Do TEK not only own 20% of Bell? So £10M = 7.5p special div if TEK don't retain anything.

I’ve seen this plenty of times - a small group of workers, a chief moaner in amongst them probably having to work differently (more efficiently), see the company shifting record levels of material and so assume the cash is flooding in, and want the bonus that were promised. No profit is not their problem!

Management/union relations need to be improved. That strike should have been avoidable. Hope lessons learned.

The deal had to be done. I think Fortune has clear sight of what is coming and BMN had to be ready for it. We will only find out in dribs and drabs like the e-plant,IES, Enerox news. We are having to join the dots ourselves for now, but to me there was a strong belief to commit to the improvements and expansion now and not next year by Fortune.

It was still a good deal IMO.

Orion's business model is royalties. They usually do not take shares, but a % on sales. The taking of shares by Orion was to offset the risk they see, to protect their investment, in case BMN cannot sell the increased capacity or upgrades don't work. As a royalty co, they can help with expertise and future finance. Maybe they will hold, but not for ever. IMO.

Orion are our partners in the sense that the hold a royalty on our production, even if they dispose of the shares. My gut is that they will sell to recoup the capital outlay, still benefiting in the long term on the royalty.

For me it is the fact that gold and silver are holding up and I feel the pressure will stay on the upside. Whilst it does, FRES is raking in the cash. It is partly a hedge stock too, if the Share price does go down, FRES will be paying good dividends this year and next. That mine will make a huge difference to revenue, so should grow with that. But really hoping to be a part of this epic bull run expected on silver! . I expect £15 if that happens. Risk reward is good. Can only live and hope! ATB.

@JMAX _ I agree. Didn’t want to state that here as so many seem to wet themselves over a couple of % point swings, it feels like bragging. Lol!

Forgive me, it is the rantings of an old man from an era where expectations were lower and communication was slower and sparse. Now people want reality TV to watch alongside the share price, or at least a daily commentary to keep them reassured in their investment for the next few weeks. Lol! We will soon be able to link up to Fortunes body cam and see it all in real time!

Just kidding, Over and out!

Thanks Lindon. I initially thought along the same lines, BE for Africa. It demonstrates potential demand in any case. It just has to start, and hopefully soon.

Developed World - I should have said. Got to include China in this.

Yeah, see where you are going. I just think that the Western World are going to jump start this and gobble up supply before Africa gets a look in (as usual).

@Lindon, that is interesting, why do you say that? Re – most lucrative bit. Can you expand?

The electrolyte plant is going under the umbrella of BMN and not BE. What is BE’s role now? Is it going to offer consultancy, project management, building, or maintenance services? It was supposed to be a vehicle to generate VFRB interest, but the Chinese, IES and Enerox have the potential to tie up all future capacity for years. So is there still a need for it?

50% ownership of the plant is with the IDC. So that is half the profits from any mark up on the electrolyte. Is that deal with strings, does anyone know? Can we buy them out?

The forecast for this year is the same for silver (53M oz) and around 10% less gold (700k oz, compared to 770k oz last year) , but silver and gold prices have held up well and the new gold mine should start replenishing that deficit towards the end of the year. Revenue should be higher than last year even with that deficit in production.

Bully, that 4000T is still more than ever produced before. Costs are very high, but include the cost of refurbishment for this year, whereby costs should fall back to around$20 and production 50% higher at over 6000T next year.

Profits may be negative for this year as BMN invests time and money to build for the future. Nothing has changed for the worst, except the SP, which you could argue reflects current profitability and zero for the future.

Seems people don’t really do much research themselves and rely on BBN to join the dots and paint the picture for them. AIM also does not act like a FTSE share, being volatile and risky in the short term. You know of the imminent growth story, but focus on today’s SP as a sign of failure when the project (BMN) is only half built. You do not get full price on a half finished house.

People frustrations are perhaps down to their own pre-set timelines and expectations and ignorance of how the real world works. If you are not happy with the BOD or any other aspect of the company you hold shares in – sell! You have zero influence, as does any comment on this BB, in affecting change in a company. Shareholders are passengers, unless they have significant holdings. We are along for the ride. If the ride is uncomfortable or the destination changes or seems ever further away, and you can’t hack it, then get off!

I come from a generation that wasn’t pampered to, every inch of their lives, so I am content to see the board delivering growth, year by year (can you deny that!), so I do not need constant reassurance and PR just for shareholders. PR for business, yes, to drive sales, but BMN has a product that it really does not need to promote. BE is another issue, but a non-earner as yet.

The share price has to do with markets – Do you know how they work? How the II’s always end up with your shares in a good company. Fear, ignorance and impatience of PI’s.

Sorry turned into a rant. ATB!

Think you are right James.

Institutions lending to AIM companies always want a guaranteed and quick return. It is pretty much normal behaviour in most lending. Turn the money around and put it back to work on the next deal. They are not holders seeking dividends or long term SP growth. Make more by turning over deals.

It is not a complete surprise, as Fortune made mention of this possibility before, but the alternative or main suggestion was to truck ore via the rail network from Vametco until Mokopane. mine is producing. That is a couple of years away.

I’m amazed we are still using our inherited feed stock at Vanchem. A decent offset to the already bargain price paid.

Maybe squeezing Mikails share of future revenue from BE.