Member Info for cindercone

deep state lool, give it a rest. liz truss destroyed her career because the markets got spooked by her disastrous £45bn unfunded tax cuts. she's finished as a politician in this country so needs to find a new way to make money out of gullible *******s like you.

if you genuinely think the game is rigged, do yourself a favour and sell up tomorrow.

oh, and 0 is on the roulette table because without it there's no point having a roulette table. prat.

The fury is not so much the raise , everyone knew it would come at some point, but how the SP was walked down for a fortnight and that certain investors have benefited at the expense of others. There is not just an air of incompetence in how this has been conducted, but impropriety, which not only erodes trust in Avacta but AIM as a market. People are sick of it.

From that perspective, somebody needs to be made an example of here, especially as the rumour mill and its subsequent affect on the SP pre-future raises, or predicted raises, are going to result in shareholder value being gutted by shorters and mired in contention again if the same people are doing the decision-making.

AS is too valuable to simply be removed completely, but he should be shifted sideways as nobody is going to believe a word he says ever again, which pretty much destroys any comms strategy the company may want to put in place. Just hoping this goes away isn't good enough IMO, even if the SP recovers in following months.

If you choose to gamble thousands on a binary decision, the only person to blame is yourself.

A few positives updates on the science, greed will take over and this will be back to £1 in no time. But I'll never trust Smith again that's for sure. He's taken over as the biggest risk to shareholder confidence.

The tech is too good for this to drop much lower than 50p, but the only obstacle to that now is Alastair Smith.

"Imo - it’s something that CC - coming in with new eyes, has fully recognised and why he’s setting the company up to maximise its core V production existence and drop the involvement with batteries."

Possibly, or more likely he's aware that the company desperately needs funding and therefore non-core assets have to go.

China is the technology leader in this space and others will follow in time, but not soon enough for Nikomarov and BE - it has to deliver right now.

Looks like the funding's in. Funny how someone always seems to know before it's announced.

Regarding hindsight, here's what I posted in Sept 2021:

"IMO Mojapelo is paid too much and Mikhail Nikomarov shouldn't be paid at all. £100k p/a for posting on LinkedIn once a day is a complete waste of company funds. The guy's completely invisible and I'd be very interested to know how he warrants a £100k+ salary. Shareholders need to consider proposing a resolution for his removal if he cannot show his worth... or even his face."

"I have not suggested the BoD/CEO should be changed. I simply said IF the board fails to meet its own targets then shareholders need to consider taking action. BMN's vertically integrated strategy needs to be well in place by the middle of 2023. Not TOMORROW, and not according to some pie-in-the-sky date I invented, it's their own target. Nothing I have said is remotely unreasonable. If the board is going to take shareholder funds and reward itself as if they've created a multi-billion dollar industry, there has to be be accountability."

@conscious

You must be off your rocker? The V price rise was due to China upgrading rebar standards, nothing to do with a deal struck by FM or even predicted by FM.

It was clear years ago that he was overpaid and delivering nothing. The Eskmo BESS project was a false flag that delivered zilch. BE has cost the company a bomb and delivered NOTHING in a decade. He borrowed more money that the company could pay back on a totally miscalculated 'hunch' that V prices would rise - AMATEUR. He failed to factor in worst case scenarios - AMATEUR.

He'd been renting BMN offices back into his ownership at three times the price. He kept his mouth shut for a year while the company was tanking behind the scenes as the SP dropped from 50p (nothing to do with him) to 1p (everything to do with him) leaving bewildered shareholders with nothing but speculation.

He was a disaster, an amateur and, quite possibly, a fraud. His dealings with the recently sacked finance director tell me there's been all sorts of dodgy self-enrichment scams going on behind the scenes. I'm surprised he hasn't been sued for gross negligence at the very least.

almost hope we go bust so i don't have to read hmhg's dumbass posts anymore. yeah, we get it, you lost thousands, but stop being such a *****.

@clarkgriswold

"Certain actions/eventscould not have been forseen ,could being one and the vanadium rice collapse being another. "

It's the CEO's job to factor in worst case scenarios. Mojapelo didn't bother because he was playing with other people's money. He would have made different decisions had his wealth been correlated to outcomes, but shareholders kept waving through his ludicrous salary.

"I originally got into this as a result of a user by the name of Pdub"

More fool you then.

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.