Member Info for cautionyourblast

Thanks so much, Lionel: this is brill!

(Sorry to be picky, but is the MWh and MW the wrong way around in the answer to Q6?)

I’m not a shareholder. Those who are may wish to review the traffic going across Sainsbury’s Twitter account this weekend.
No opinion expressed: I haven’t researched this share.

Many of you will have seen already:
https://mobile.twitter.com/BushveldMin_Ltd/status/1311656565901062149

This bulletin board, at times...
https://m.youtube.com/watch?v=d67rhIzUhhk

...give it a rest with the baiting and bickering?
Thanks

https://www.preciousmetalscommoditymanagement.com/blog/the-auto-catalyst-precious-metals-dilemma#

Thank you, brasi!

*none of us really know, tbh.

I think institutionals, if they do proper due diligence (which is debatable!) will take note.

My gut feeling is that, for most shares, the ebbs and flows of purchases and sales by PIs don’t make a lot of difference to the price unless there’s overall momentum based on news from fundamentals. I may be wrong of course; and BMN is particularly PI-heavy as we all know.

I don’t want to sell up: it’s a cracking business...but I *really* do not like this outstanding issue. Maybe may concern is unfounded. None of us really know, the.

My strong belief now is that uncertainty surrounding listing arrangements is significantly holding back this share which we all know has excellent underlying fundamentals.

It’s high time the BoD sorted this out or at least clarified their intentions. I am now getting pretty uncomfortable on this issue.

Good morning!

...and the BoD would be well-advised to bring clarity on this issue

...pronto.

I hold a large and well-underwater position here.
My main concern remains the uncertainty surrounding listing (which, of course, has been debated at length here...and I know many of you don’t share my concern).

This issue is likely to cause potential institutional investors a pause for thought and may even be a reason for divestment by others. I’m not saying this as certainty of course, but it *may* be a factor.

I understand that we, as a large PI group, have significant control, btw.

I have no intention of selling: I’m a long-term holder.

I’m baffled as to how LSE calculates that PE for BMN. Does anyone else know, please?
I think it shows the importance of calculating all your own metrics...

UK/ Spanish governments (on behalf of their taxpayers)? I doubt it. Surely politically unpalatable.

Would anyone really care if IAG went bust? Apart from the pension fund beneficiaries, of course.
The main downside would be that it would benefit Michael O’Leary....

Hi Ldonald
I think it’s just market disinterest to be frank. I’ve posted in reasonable detail here in the past on the pros and cons of investing here. Since there aren’t many posters, you wouldn’t need to scroll very far to find my views.
One of the main reasons for the illiquidity is the fact that the management team holds the vast majority of the stock which, ironically, is also a great reason to invest.

Anyhow: maybe watch the Soraya vid I posted some time back and read the other comments (even mine, if you like).

I think it’s a great company if one can stomach the illiquidity.

Best wishes

...actually, I’m down more than that!

Thanks very much, calamari. That looks about right to me.

Clearly we are all here because we are focussed on the future.

My reasons for investing were (and continue to be):
Solid existing business with cheaply acquired top-notch V assets;
Modest cost of production relatively;
Trustworthy, intelligent management team;
Operational plan to expand V production which is being delivered upon;
Reasonable balance sheet, no crazy debt, not guzzling cash;
Expectation that V prices are near a bottom and may rise given steel demand and ductile strength rules (this may well be tested given virus craziness); and
The VRFB thing (though, for me, this is the upside “optionality”. Of course, if it comes off, then it’s transformative but actually, for the patient, BMN is an attractive bet anyway. I think maybe a lot of you place more emphasis on it than I do and maybe you’re right and I’m wrong.)

All that said, I’m down about 25% at the moment; oh dear!

All the best, everyone.

From the RNS on the year-end numbers:
“Gain recognised on bargain purchase of US$60.6 million for the Vanchem acquisition, completed at fair value consideration of US$55.8 million.

· Profit after tax of US$69.2 million (2018: US$49.0 million).

· Basic Earnings per share of 5.51c (2018: 2.90c).

· Underlying earnings per share excluding gain on bargain purchase of 0.12c (2018: 2.90c).”

Hi raffy
There’s an exceptional profit on acquisition in the latest financials. The PE would be much higher on the basis of profit from day-to-day operations.
That said, BMN remains my second biggest position (after SLP, which you also mention).
Cheers

...says Sylvia’s busy...

(Sorry, couldn’t resist given SP!)