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Good find Lindon.
2 years ago... that fits well with the Duferco deal. Watch this policy change in November once the new shares have been issued. A nice bit of BE news to cause a rising share price so that in 6 months they can start selling into that raised SP. Well done FM and Duferco you played us all very well.
If the theory is correct we should be shortly starting a period of positive news flow with an increasing sp.
They aren't rocking the boat because, in my opinion, FM quietly promised Duferco he wouldn't release any news that would inflate the SP until they had their hands on those millions of shares owed to them. No other reason for the lack of PR, especially over the last 2 years. A disgusting lack of engagement from the company. November might see this change as FM could release Mikhall from his cave to spread some good news allowing Duferco to sell into a rising SP. FM gets the kudos for a good deal and Duferco get more in the long run.
Only commenting when its NT to buy paints a false picture. You could buy at 9.4/9.3/9.2/9.1 that's the price dropping... but you couldn't sell. Then it cycles (Sorry Alfa) and you can sell at 8.8/8.9/9. but not buy. Patience and you can have all the shares you want. Just as long as you don't want to buy and sell at the same time. If you look at the picture over hours/days rather than minutes/seconds you wont drive yourself nuts thinking you can't buy.. or sell... So yes you are correct its a non-argument.
So if people are genuine LTH why is there so much concern. LT means LT so this short term hiccup is 100% completely indifferent. Stop letting the phscological brain game interfere with the fact that nothing has changed for the worse with BMN. Its just a massive game of poker and we sit and the city boys table, let them do what ever they want... we are at 10p collect some more while we're down here. If your not trading or thinking of selling, give yourself a break it'll be over in a few months. If you are trading, good luck and if you're selling, sorry.
The idea of a cheeky share buy back seems prudent at the minute though. Come of Fortune if your not paying the dividend i so desperatly want to see at least fill the Bushy bank with cheap shares.
I've often wondered the same, should a dividend be paid and the MM's have sold, for example, 20 million shares they don't have.. do the MM's have to settle the divi bill to everyone they sold shares to?! No idea how that side of it works.
When does a company stop being a growth company? So this year we bought x, next year we spend the money and do up x, the year after we buy y, then the year after do up y, then we see an opportunity in z and ooh look its 2030 is it time for a dividend... no not yet we're still growing.. Its ok i'll wait till 2040... oops i'm dead.. balls... been here a long time.. seen the growth (and now the free fall in sp) now I want to see a divi. Would i like to see some of those plans put on hold, for a few months, while we make another few million, yes probably.
An ii or two would come on board if they were getting a cut of the 'millions' we're making. This can only come in the form of a divi. Doesn't matter how much cash we have in the bank.. this whole cash is king is only good if we actually get some of it. Not really a fan of sitting there looking at the money I have for a holiday, i'd rather be on the holiday.
Get the divi sorted, get the big money people involved. It really isn't that difficult. It would bring in ii's, give us volume, more liquidity, wipe out any suspected shorting, increase the sp and to top it off give us some PR which is unquestionably very positive and simple to understand (unlike the structure of the business to the majority). Even a small one would work.
Biganuf, so as an example, If I have a £2000 a point long opened at 20p with a margin of £20k which covers me down to 10p, are you saying the SB company have gone and actually purchased BMN shares to cover this should it rise?