Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
something not quite right about atm. viljoen's tweets always sound a bit snake oil salesman to me. the tin isn't worth ****, this is a lithium play, but have a sneaking suspicion the lithium is low-grade garbage and there's not much talk about the cost of getting into production or whether the demands is even there with electric car sales stalling. could be completely wrong, but something doesn't feel right to me.
Despite wanting BMN to do well, ultimately, it is kind of amusing to see Coffee Cups hoisted by his own petard. Trashes the share continually and buys in when he thinks it's at its lowest ebb and completely reverses his narrative only to see it get trashed even more. If anyone deserves to lose money, it's people like him.
We know that a crapload of shares were dumped on the market the other week and with the nervousness around BMN's ability to continue as a going concern, there is bound to be aggressive selling. Sales volumes to the US look dismal and really do not help BMN's outlook.
Coltman is going to have to pull a few rabbits out of the hat here and I think we'll know very quickly whether he's up to the job. There a limit to how much he can slash or improve production by, so we really need prices above $40 and that's not achievable with China in the mud, which is looking a long-term rather than short-term problem.
It's hard to see a way out at the minute. Mojapelo saddled the company with outrageous levels of debt and, obviously, Orion would rather not have to write that off, hence their insistence the incompetent clown be removed.
Insolvency is a stark possibility, although I suppose BMN could simply wash their hands of anything to do with the VRFB value chain. Just sell off BELCO and Enerox to help get through what will be a tough few years and benefit from VRFB growth's eventual effect on prices by proxy.
Stop bleating SB2023. Nobody 'invests' in a company that could go bust in a few months - it's an out and out gamble. If you did your research, you'd have known that.
Nobody here can help you and the company are not going to tell you what's going on if it's bad news. Just accept the risks, and your losses, or sell up.
WTF would want to buy at 2p?
Who cares if it was a buy. Everyone knows the trades displayed on this website are all over the place, so pointless commenting on them.
:RazorShultz
"And what after that? It wasn't too long ago people on here were saying BMN is a binary play, either the Orion financing goes through or it's all over."
After what? If the Orion deal doesn't go through it IS all over. Any day an RNS could drop saying BMN is unable to service its debt obligations and is therefore suspended.
Hence why future predictions regarding the SP are pointless, and why the SP is at 2.45p. The only people left in are gamblers, the demented or those whose holding is worth so little there's nothing to lose.
@RazorShultz
"I think Alfa is right, it's very often that AIM companies are undervalued and trading at a discount to the potential value of the company, that's all he was really trying to say. It also has to be said that staying invested and not buying high and selling low is what makes the difference between good investors and your average fool."
He also got caught telling everyone he was buying when he was selling, so I wouldn't believe a word that comes out his mouth.
Claiming BMN is undervalued is absurd. They have already stated they will require funding to keep the lights on and as long as the Orion deal is up in the air, its survival is a complete punt. Any fool must know that and hence the SP is where it is. Stating the SP is undervalued because of the vagaries of AIM is the usual disingenuous tripe that Alfachump desperately peddles.
If the Orion deal goes through, I would expect a re-rate, but double figures is laughable considering where the V price is and the fact that Orion will dump 30m at the first sniff of 6p.
I said many years ago that Alfachump will go down with the Titantic. He is emotionally invested up to his neck and will say literally anything to support his investment and babble on with the same regurgitated nonsense if the SP was 0.01p.
Like Pdub, his opinions (lies) and predictions have been so categorically debunked that he has to be utterly shameless to even show his face around here.
"I doubt it will move that far or fast until the Orion package is finalised .. then re-rate into double digits"
You seem to forget that Orion has 30m CLNs to sell at 6p and another there's another 200m landing on the market within days.
Mojapelo loved to feed us a load of bs about the fact BMN hasn't gone to the markets to dilute, yet CLNs have destroyed the SPs momentum for years and years, and will continue to for the foreseeable.
The SP is where it is for one reason and one reason only, Fortune Mojapelo.
He has covered up bad news, not fully revealed dilution, patronised investors, overamping projections that he knew couldn't be met, and made massive errors of judgment in his financial deal-making that now threaten the company's very existence.
That's why it's 2p.
Nothing to do with rampers or trolls (I just despise their lies) and nothing said on here has any tangible effect on the SP.
AIM is littered with sh*tty CEOs who don't really know what they're doing and are happy to pay themselves handsomely while recklessly gambling with other people's money. Unfortunately, Mojapelo was one of those.
Investors were not to know. We don't have insight into everything that goes on at a company - not even the brokers do, they're just told what companies want them to hear and are paid to print juicy price targets.
Anyone still defending Mojapelo is either a moron or a charlatan. In hindsight it's clear as day that his performance was a joke and I'd imagine Orion and the board are still fuming with him. Sacking a CEO is not done on a whim.
Does BMN have a future? Yes, if Coltman is more than competent at his job, but it won't be easy. V prices will recover, that's inevitable - VRFB uptake is accelerate at speed and will definitely put upward pressure on prices, but thanks to Mojapelo time is not on BMN's side.
He's referring to my comment "We no doubt have to wait for Acacia to dump another 33m shares", which (A) Proves he hasn't filtered me (B) The comment doesn't state Acacia sold their holding.
So, a liar on on both counts. Business as usual.
LSE agreed with my explanation, that's all that matters.
I never argued from two accounts with opposing views - that's a figment of your imagination. I accidentally posted once on the BMN board using an old account I found that was reserved for discussing other shares
After discussing with lse, they looked through my posting history and decided my explanation was totally legit and simply deleted the old account, leaving me with the one I always used for BMN.
"Facilitated by Acacia overseeing BMN reversing into the main market listed MUST. All the potential is there for meeting everyone’s desire to move off the AIM."
What's your rationale for that? Makes no sense whatsoever.
"(except cindercone who openly admitted to multiple accounts that were arguing the different sides of a point being made, sorry cindercone I just can't let that one go)"
What a load of garbage lol. Seriously, the crap people make up (or believe).
Orion's hopes of 6p are entering cloud cuckoo land territory. Wonder if they'll pull the deal and look to renegotiate.
Mojapelo walks away rich while the company he trashed struggles to survive and shareholders end up with nothing. With every passing day he looks more like a thief who had his hands in the till.
"I can't, he doesn't have a job at BMN anymore...hahahaha!!!"
Really? According to Pdub he's still there helping Coltman like a little puppy dog.
Instead of trying to save face, it would be much more sensible for you lot to just admit you were all completely wrong and your ramping cr*p was just that.
The damning evidence is against Fortune Mojapelo. I'm your straw man - write to him with your grievances, not me.
When Mojapelo was sacked it became apparent to any blithering idiot that the conditions of the Orion renegotiation were dependent on the dismissal of the CEO. Of course, BMN is never going to SAY that.
Your man is gone. Tough titties. You should be happy rather than remonstrating against me for stating the bleeding obvious.