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HarChris: "Couldn't agree more Pdub. Whilst our views and perspectives have diverged somewhat in recent weeks/months it seems we're both able to share our view points respectably without resulting to childish insults. "
31 May 2023 10:53
"I’m going to go further and say you’re the most snakey snivelly loser on here Cindercone. I have absolutely no interest in debating with someone so comfortable twisting everything to suit their agenda and so you become only the second person I’ve ever filtered. F*** you and f*** off"
🤔
March certainly wasn't a good month for HarCrap:
""We're very, very close to a turning point here and once the dam bursts it's no exaggeration to expect a share price multiples of where we are now by the end of the year, maybe even with a 0 after the 4."
"We can be as close to certain that BMN are generating significant cash so far through 2023 so between that and selling a portion of the inventory we should reach the amount to be repaid."
"BMN is in a great position to flourish over the next 12 months when others will be finding themselves in all sorts of trouble."
The requirement for funding, if it's even needed, is miles away and who knows what the SP will be this time next year if the data continues to show such outstanding results. To claim funding fears are a reason to sell at this point is patently ridiculous.
Don't worry AimWolf, thanks to that second job in 10 years you will have made your money back and BMN will be 3p. Happy days.
Everyone knows there's a huge share overhang so it's hard to define SP movements. Thanks to Mojapelo's deals smelling like a rotten corpse this will likely continue for at least another 12 months.
The most important thing is that BMN lives on.. and Mojapelo was sacked. If he was still in charge there would be no BMN as he certainly wouldn't have the guts to sell off Mokopane and half of Vanchem. That would make him look a total dick.
@BanAlder
Sorry, what dig?
As I said, it's a long-term investment. There's a sh*t ton of CLNs to eat through and more when Orion hit their target. 5000mtv at, say, $45 + premium electrolyte sales would easily push SP up to 50p and divi territory.
Probably somewhere between 2-5 years away though. Don't see a lot day trading value here short-term.
Timing's a bit dumb then. As BMN is now derisked for the foreseeable future and PIs therefore less likely to accept a takeover bid.
Any company with prospects can be taken over at any time. At such a cheap price, the time to strike BMN would have been now.
This is pretty much a JVA, similar to BE and IDC.
I'm sure Orion will be delighted with the outcome. They're laughing all the way to the bank.
@eastocks
I was always on board. This is a disruptive industry and that type of investment potential doesn't come around very often. Unfortunately, we had a self-serving CEO who tried to hide his bungling from investors and capitulated the SP. Many investors on AIM have become victims to this type of charlatan.
The writing was on the wall, yet I was the only one with the foresight to suggest Mojapelo should be removed from his post. The key is to keep your eyes and ears open and not get emotionally attached to a stock. What you won't get from me is deceitful fake optimism or brainless negativity.
Ultimately, what we're seeing is multiple industry players, and opportunists, teaming up to maximise the very clear and obvious prospects that energy storage will have to offer in the coming years. The company has survived Mojapelo's amateur bungling due the extraordinary potential for growth in this industry.
Ridding BMN of Mokopane makes sense. Getting that running would not only have taken years but would only have meant more endless dilution. BMN now has the capital to deal with the Orion debt and expand up to 8,000mtv.
Still a long-term hold and the opportunity is not as mammoth as it might have been, but still highly attractive IF everything falls into place. An electrolye plant running at full capacity and 8,000 mtv of cheap feedstock at elevated V prices due to exponential increase in VRFBs (well under way) and China recovery (eventual) makes this a no-brainer at 2p assuming you're an investor rather than a trader.
"Whatever China is doing is not having a beneficial effect on our bottom line."
Not necessarily true. For all we know, China's consumption of vanadium for energy storage might be keeping the V price at $30 rather than $20.
According to Coltman, BE is currently sending samples out to clients - so clearly clients have been found.
At this point, I'd say Nikomarov has surpassed Mojapelo. At least the electrolyte factory was built on time and is potentially adding value, whereas all Mojapelo ever did was destroy value.
"Why do you think the likes of GoatBreathHalfWit and his little band of Muppets only come out of their cesspits when the SP is in decline"
When is it not in decline?
This continual talk about 'trolls' is extremely boring. Opinions are opinions and everybody has their motivations for posting. Deception is deception, and people like Pdub and HarChris are equally deceptive as any so-called troll.
Besides, what do you think you're going to achieve by attacking people? You're just throwing more fuel on the fire. If you don't like, block, and there's no need to announce it either. Nobody with a brain cares.
I'm still here, waiting for updates and laughing at Pdub's neutered, vanilla posts.
Kamran Sattar appears to like taking over distressed companies. He moved for Reabold in March and, ultimately, failed to take the company over.
https://www.energyvoice.com/oilandgas/north-sea/489934/reabold-unsolicited-approach/
On the other hand, maybe Mr Coltman simply got his little black book out and made a few phone calls.
They were spooked enough to get Mojapelo sacked, so I don't agree.
"Why would Orion pull finance, they are in it to make money....you boiler room guys are getting worse by the day"
How does Orion make money if BMN are unable to service their debts? At present, BMN are struggling to even service the interest. When a company requires an external loan to pay a loan, you know they're in trouble - and would they even get a loan?
If Orion feels the situation is hopeless, they can quite easily pull the plug and demand BMN sell assets to cover the debt repayments.
If you think that can't happen, you're living with your head in the sand. This is AIM, it happens all the time.
Vanadium demand is expected to increase, exponentially. Vanadium prices will recover in time. The problem is the levels of debt dumped on the company without factoring in worse case scenarios.
This current vanadium lull could have been ridden quite easily were it not for Mojapelo's abject incompetence as a CEO.
"Good contributers have ceased because of you lot."
Who are these good contributors? Did any of them predict less than 2p by Sept 2023 or were they full of sh*t?
There is pretty much no chance of being sued for slander for anything posted on here.
Even if there is a question mark over the factual accuracy of anything said, as long as you can prove that the substance (or main thrust) is true or an expression of your honest opinion, prosecution is overwhelmingly likely to be a very expensive failure.
Even if comments could be genuinely considered slanderous, proving reputational harm for a comment posted on a web forum that is read by a few hundred people and pretty much buried out of sight within 24 hours would be virtually impossible, if not utterly pointless.
Illegal activity on Mojapelo's part? Nothing would surprise me in South Africa, but the most you can pin on him at this point is gross negligence. I'd imagine it would be equally difficult/pointless to sue him for trashing people's investments through incompetence as it would for him to sue anyone for slander.
According to HarChris, we're supposed to believe that after a 15% drop in both guidance and US prices (their main market), BMN has gone from being able to pay off the entire Orion debt to not being able to pay off any of it.