RE: Positive BMN numbers19 Jun 2018 11:44
Daitom.
I think it is easier to destroy something than to create something.
Negativity is an easy path to take because almost any situation can have an element of doubt cast upon it.
The trolls teach us that,and at times very efficiently.
Let me give you an example of negativity that to those with a nervous disposition may not enjoy.
There are some posters here who would like to see Bmn leave the Aim and move to a higher Indices.
Going back,I may well have posted something similar myself, but it is no guarantee of future success.
The biggest financial failure on Aim was a company called Scot oil /Oilexco.
They were valued at their peak at over 2bn pounds but went bust mainly due to declining oil prices.
They left Aim and were promoted to the main list before failing.
As it was an oil company,you may consider it has no bearing on us, and so lets move on to the second biggest
failure on Aim.
This particular company also had a value of approx 2bn pounds at it's peak and similarly,went bust due mainly
falling commodity prices. That company was African Minerals.
Based in Sierra Leone, they were primarily or maybe wholly involved in the Iron ore business but as
I said earlier,the falling iron ore price of three or four years ago combined with some dubious
management practices put the company out of business.
At one stage,I think I'm right in saying, they had the largest market cap of any company on Aim.
Thankfully,due to an excellent management team that has put together a company that can withstand very low
vanadium prices and still turn a profit,we can sit back with a sense of 'wellbeing' and relax slightly in the
knowledge that we have put our monies into as good an Aim company as you are likely to find.
So what is the point of this post???
Nothing really except to highlight how easy it would be for me or anyone else to spread fear into the
faint hearted by posting a negative and consequently following up on that negativity with more detailed
postings. :~))