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Still posting his sixth-form project guff on LinkedIn unabated, oblivious to the fact that BE and his beloved electrolyte plant might be decommissioned in less than 30 days. Still no signs of any contracts. Imagine earning 100k a year for a decade for simply trawling the web and pumping out info about what other people are doing in an industry that he has failed dismally to get a foothold in.
"SPR is a stand alone shell, you cant sue thin air!"
What's the point of a 'binding contract' if it's not legally enforceable? Someone can be sued.
Don't worry, it will go through when SPR find someone to lend them the money to pay Bushveld.
SPR are evidently so poorly capitalised that they cannot provide a loan without waiting for income from another client. Did BMN do their due diligence or approach this two-bob outfit and hash out a deal purely out of desperation?
"And at reduced production rates? Does anyone know what's going on here - how are they burning cash so quickly?"
Have to assume the $2m covers for plant shutdown/production losses. BMN clearly living hand to mouth.
V prices don't turn significantly this year, they're dead.
$2m injection only get BMN past 24/2?
"Who else can step in and pick up the pieces from SPR?"
You'd like to think there's a backup plan already in place.
You can do as much research as you like, when a AIM company goes belly up it's usually because of fraud or other factors/information that you simply have no access to. Even the brokers are in the dark, which only goes to show how pointless they are.
Intuition and experience helps, but there is no failsafe. Commiserations to all shareholders here who look likely to lose everything, except Alfachump of course.
"Was the Armageddon deadline really necessary?"
He said he hadn't finished buying remember. Maybe he's maxing this out to get himself a nice early entry point. There was also a fair bit of price manipulation surrounding the first tranche of shares he and other directors bought.
Maybe the FCA will step in hahahahahahhahha :/
Did Mojapelo want the business to fail? No, but he paid himself outrageous sums of money safe in the knowledge that shareholders bore all the risk while he got rich. I said for years that this clown was overpaid.
Nobody with a brain will ever employ or invest in this charlatan again, but that's another matter.
Looks like goodbye BMN. Hands up who is hero worshipping Fortune Mojapelo now?
New year, new priorities. Perhaps SPR management have looked at this deal and decided to rethink where this sits in their portfolio. I see no other reason to delay funding, but of course the reason could be related to events that have nothing to do with BMN, i.e. payments made or not made to SPR by unrelated third parties.
Potentially disastrous for the SP, and yes it would of course call into question Coltman's choice of funding partner.
Hardly surprising. TW's entire raison d'etre is to mine for companies that require loans to stay afloat. He has little regard for the truth and merely tries to exploit the uncertainty.
Not sure where that's got him, however. Judging by his putrid teeth, he can't even afford basic dental work.
Yeah, let's waste space talking about BMN's non-existent future if SPR don't lend them the money they promised.
@sammy58
What military experts? The ones that convinced Zelenskyi to back out of signing a peace deal and trigger a war only to discover that Russia was far stronger than they assumed and sanctions would have zero impact? As a result, Ukraine has lost 500,000 men and millions have ditched a country that has been totally decimated. Meanwhile, US will inevitably walk away with its tail between its legs (again). If Israel aren't careful, exactly the same will happen to them.
You obviously have zero knowledge of the Ukraine conflict if you think Putin has any intention of triggering a wider war. There has been a lot of dumb Western propaganda surrounding a war that is effectively over anyway as Ukraine is finished.
Israel is a much bigger tinder box, but I doubt China or Russia have any appetite to escalate that either.
The common denominator here is US aggression and its pathetic attempts to instigate regime change everywhere it goes, encircling countries with military bases and fighting proxy wars. America is fiscally and militarily weak, the world would be a safer place if they accepted they are no longer the 'strongest' nation in the world or 'global police'. It's the US neo cons are completely disconnected from reality and a threat to world peace - not Russia or China.
Amazon are getting heavily involved in Europe's EV charging infrastructure, starting with open source app-based technologies like CHALET. They will be behind the mass creation of EV charging point forecourts.
They are already moving into the agriculture sector, as you might have noticed with some of their food stores, and with consumers already so reliant on them for goods delivery, they will be THE major player in transport-related decarbonisation projects over the next decade.
Craig's pretty brutal. Appreciate him answering so many questions even if some of his answers lacked sufficient detail.
What's clear is that BMN will become completely disconnected from the VRFB value chain that Mojapelo wittered on about with such naive excitement. BMN is a vanadium miner and BELCO's electroloyte is just another vanadium by-product to be sold into the market. There's no vision for renewable energy or VRFB collabs. If the V price rises because of these projects, all well and good.
As there will no longer be an energy division, I'm assuming Nikomarov will be part of the planned redundancies. He can preach about VRFBs and renewables to himself, which he is pretty much doing already.
Coffeecups - the genius investor who tells us all the great investments he's made but none of the failures in the vapid hope that some idiot might actually believe him and take up one of his recommendations - thus raising the SP by 0.00000000000000000001%