Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"10:1 consolidation "
Terrible idea. As bad as things are, BMN needs to retain its, albeit flailing, perception as a penny-stock with significant upside. Consolidations are dreadful for failing stocks. At 25p, BMN would be walked down to nothing again.
What a convoluted mess this whole deal has been - no wonder there's been so much animosity and dispute. Mojapelo's entire tenure has become a total and utter disaster. Bad RNS after bad RNS, for years. He's turned BMN into roadkill.
Q2 is just guesswork. Nobody knows what other nasties are lurking under the hood, but the smart money tells me we'll get another good kicking.
I don't envy Coltman, he'll need to get right on top of things to turn this ship around. I would imagine he's scratching his head right now at the utter pig's ear Mojapelo made with his ghastly deals. Nikomarov appears equally useless.
Even if Coltman can get the finances in order, BMN needs someone with the ambition and drive to sell the story. I'm not sure if that's in his remit as he's more of a numbers guy.
BMN needs to be gutted, simplified, costs slashed, assets sold.
The board has rarely been more balanced than at present.
It just has to suffer babbling lunatics like Pdub and HarChris who will literally say anything, no matter how desperate, to support their investment.
It's easy to gamble with other people's money, especially when you're paying yourself millions for achieving nothing. Now Mr Coltman has to save BMN from being another AIM failure bankrupted by a CEO who behaved recklessly while filling his pockets.
The next RNS fills me fear and optimism in equal amounts.
"Fortune has delivered operational improvement."
He also got sacked for taking BMN to the brink of bankruptcy.
Remember, when the price goes down the 'market' is nefariously controlling the share price via algorithmic trading. It has nothing to do with shareholders buying and selling, the vanadium price or Mojapelo's amateur deal making.
"Of course they don't care about BMN or any other small aim share or anyone putting money in such shares."
Algorithmic trading patterns would not apply on a daily basis to a low-volume garbage stock like BMN. They're typically designed to spot patterns in high frequency trading environments or shares with unusual trading volume. That's when they're programmed to step in at quicker than human speed to gain an edge, secure a better price and turn a profit.
"In these circumstances the MMs are going to walk the price down to try to generate trades."
As if the MMs give a flying sh*t about a poxy penny share like BMN.
Head. Sand.
What he's saying is he doesn't know how to read a chart.
HarChris: If progress is being seen and Craig is able to reach the 2500+mtV run rate this year without additional capex then this really will prove to be the mother of all undervaluations. At ~5200mtV..."
The thickie twins talking out their backsides as usual.
On BMN's own website, BNP Paribas' sponsored research note in May 2023 states: "We do not forecast production reaching the bottom-end of the anticipated 5,000-5,400 mt V pa sustainable run-rate until 2026."
obviously, i do not wish ill will on anyone and am pleased to hear that pdub is winning his cancer battle. however, while the word 'troll' gets thrown around a lot here, building false hope in people by making deliberately inaccurate statements regarding the company's activities is deeply pernicious behaviour.
investors have lost a **** ton of money listening to certain individuals who have wilfully ramped bmn whilst making deliberately misleading and deceptive statements designed to downplay negatives and paint the company in a positive light. these individuals have proved to be conclusively incorrect to the point where we sit here today with a company whose ceo has been fired and is now mired in financial problems with the sp completely trashed.
although 'trolls' are accused of posting a load of rubbish designed to inflame, and often that is the case, the behaviour of people who claim to sit on the other side of the fence has been equally arrogant, misguided and manipulative. a false statement is a false statement - a liar is a liar. what they call facts are not facts but distortions designed to manipulate people's behaviour.
that always needs to be questioned, so i won't be cowardly pretending to filter anyone. i prerfer to keep my ears and eyes open thanks and in the meantime hope that mr coltman can fix mojapelo's mess and benefit from the conclusions that made bmn a potentially explosive investment. choppy waters are ahead, but that potential still exists.
"It’s worth noting that BMN don’t forecast the vanadium price "
BMN raised finance on the basis of a forecaster whose forecasts were 20% out on the upside and still couldn't afford to pay back the loan. No wonder Mojapelo was sacked.
"What you evidently do not understand is that if there is less steel produced then there is less Vanadium produced from processing it. Given the fact that around 80% of Vanadium production comes as a result of the production of steel, and about 85% of total production is used for steel you can see that it's effectively in balance.
The marginal price of Vanadium is actually set by the growing sources of demand - which is VRFB applications, set against the growing sources of supply, which is primarily primary producers like BMN."
If vanadium output drops from the source responsible for 90% of it (steel), and output rises for the source for responsible for 10% of it (VRFBs), what is the likelihood of that having a net positive effect on vanadium prices?
"I stand by every word of my post."
You know nothing. You just take the biggest headline figure on Google you can find, post it on here with no source or verifiable information to support it and claim it as fact. Everything that comes out of your mouth is a gross exaggeration designed to mislead people.
"The rate of growth of the VRFB market is rapid with some analysts seeing a CAGR of 56%."
And some say 9.5% or 15%. You just pick the highest number with no verifiable data to support it.
"In fact over the next few years it is quite likely that VRFBs will become the main driver of the V price."
Next few years? Utter garbage. If you're going to make such outrageous claims (lies), at least provide verifiable evidence.
1) To explain why I no longer respond to their posts. A courtesy you could call it.
THEY DON'T CARE
2) To make it clear to them that their actions have triggered a sanction. A mark of my disapproval.
THEY DON'T CARE
What anyone else thinks of my actions or reasoning is their issue not mine.
NO ONE CARES
"The Brits project guarantees ore supplies to Vametco for decades to come. The huge world class Mokopane vanadium resource has the potential to be another major project by itself."
Perverting the truth or just plain lying as usual.
Brits project doesn't "guarantee" anything, it only offers a 'potential' extension of Vametco's life-of-mine.
BMN has no licensing right to mine at Mokopane at present. No potential without a license.
@Pdub
"He has made a good start and the agreement to keep Fortune Mojapelo in a supporting role"
There is no evidence Mojapelo is being retained in a supporting role other than seeing out his notice, which he is no doubt contractually obliged to do.
Whether fired or resigned, a CEO can't just b*gger off, unless he wants to lose a significant amount of severance pay.
Reminds me of an old holding - Eros International. SP was £2.40, then delisted from AIM and later opened on the US exchange at $11. There was no warning.
For the vast majority, day trading is for dummies.
Fancy accusing a BMN holder of not being patient.