Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
@ARCM101
"The new CEO is a finance guy, maybe a safer pair of hands, and someone who will instill discipline but CFOs are more reluctant to take risks wouldn't you say. This company needs to take some risks to survive let alone thrive."
Risks are the last thing BMN needs. The new CEO is, theoretically, exactly what BMN needs - a numbers guy who understands finance, i.e. not Mojapelo.
"I find the bullish narrative of Pdub not only abhorrent, but alarming."
Doubt anyone with a brain pays attention to what he says anymore. How many times can a person be wrong?
Naughty Largo, replacing Glencore who refused to export vanadium to Russia to help them make weapons of war.
https://www.linkedin.com/posts/alan-patrick-ryan-a26448a_russian-imports-of-brazilian-v2o5-on-july-activity-7082397655112249345-JxGI/?utm_source=share&utm_medium=member_android
This is pure comedy 😂
it's no coincidence that the filtering storm began with the departure of mojapelo. certain individuals have been made to look like idiots and rather than own up to the *******s they've been spouting for years or risk engaging in discussions that make them look even more silly, they cowardly pretend to filter.
Pdub still pretending he's not reading every post 😂
"Cindercone - People that are ‘sacked’ don’t stay on as part of a transitional phase to handover."
A job doesn't always end immediately when you're dismissed. It's called your notice period and employees in high positions are often contractually obliged to fulfil it.
Can we please ignore those who wish to silence shareholders who choose to take a more realistic outlook on the running of the business. We finally have some balance here, as opposed to tolerating a bunch of deceitful liars that have deliberately sought to mislead and skew the narrative in their favour.
Mojapelo's sacking is a mortal embarrassment to those that have, evidently, spent the last few years talking complete and utter rubbish. Their credibility is now precisely, zero.
as alfredh correctly points out, the v price is not healthy. probably enough cash in the bank to deal with orion's november debt repayments, but in the medium-term v price needs to substantially increase and costs need to come down significantly.
mojapelo's ball**** projections cost him his job. we need to see tangible evidence that vrfbs are having a real-term effect on v prices. only when that is co-joined by a recovery in china's steel sector, and the world economy more widely, can we dream about sky high inflection points that might create the sort of prices that lead bmn back to 50p.
that's a few years away imo, in the meantime coltman needs to clean up the balance sheet and make it look respectable.
Let's not get too excited. The SP is only recovering from embarrassing lows due to Mojapelo's mess. I'd expect further uplift if the Orion renegotiation is signed-off and Coltman can deliver an update than contains no further nasties having metaphorically turned over Mojapelo's office.
IES received a very positive write up in a well-known publication recently, hence the rise. Would be good if BMN's PR could get out there and do something similar, rather than just posting unnecessary tweets that preach to the converted.
"I have also binned some that lacked the good grace to allow those of us that wished to thank the outgoing CEO and felt the need to spoil the thread."
Spoiled the thread lol. Who the f*ck do you think you are? It's not YOUR thread and it's not YOUR chat board. It's an open forum for people to post their views and respond to others.
You don't have a monopoly on who posts what and your opinions are no more relevant, insightful or intelligent than anyone else's. No one cares who you 'green box' and no one cares if they're 'green boxed' by you. If you had an ounce of humility, that would be obvious.
@Isleworth Spy
A repayable loan was needed.
@ IsleworthSpy
It's not for me to come up with solutions, and even if I was capable of doing so I don't have access to the required information so your request is ludicrous. No matter how experienced or researched you are as a shareholder you have to put your faith in the story and trust the management.
A reckless option is never an option, let alone the best option. Mojapelo evidently sold Orion projections that were pure fantasy. Either he was completely out of his depth and deluded or felt comfortable risking the future of the company because he's wealthy enough for it not to affect him. Unfortunately, that sort of behaviour is no stranger to AIM-listed companies.
There's lots of ways to borrow money. The terms were reckless.
Obviously, I'm glad he's gone. Yes, he's had some big obstacles to overcome that would test any CEO, but that's no excuse for the reckless Orion deal, which could yet see the end of BMN.
His treatment of shareholders has been absolutely appalling, while he's coined it in with a ludicrously overweight salary and bundles of free shares.
Communications have been shocking, there's been zero transparency and shareholders have been left to speculate on just about every aspect of the business while the share price has plummeted to embarrassing new lows.
Orion clearly agreed and shoved him out the door. Otherwise, they risked never getting their money back, and neither would any of us, probably.
Let's hope Mr Coltman can provide the leadership BMN needs and shareholders that haven't left the sinking ship deserve for their unwavering loyalty.
"Unfortunately, we have discovered that Mr Mojapelo had his hands in the till and borrowed $2m to pay for his wife's root canal treatment. We also found numerous brown envelopes from energy minister Gwede Mantashe. He sold all his BMN shares 3 years ago but did not declare them to the market. He has now been arrested, pending further investigation from the FCA, KGB and CIA"
Pdub "In hindsight, it is clear that Fortune made some minor accounting errors. His meetings with Mantashe clearly had good intentions. I also have it on good authority that he sold his shares and forgot to inform the market due to a faulty laptop. You can think what you like, but I stand by his visionary leadership and trust him implicitly."
If you want a really good laugh, look through Alfachump's posting history:
30 Dec 2019 11:09
RK - with the Electrolyte plant build clearly having started we can look forward to a strong flow of news on that front, but I expect that there will already be Vanadium flowing to our VRFB partner companies, Enerox, and Avalon/ Redt even before production at East London comes on stream.
July 2023
Salary £0
In the recent Creamer interview it's fairly obvious from Mojapelo's embarrassed, face-saving expression that he was fired.
Pdub "Larky there are some that would trawl back through years of posts to try to find a mistake. Most normal people accept that none of us are perfect and that we all make mistakes."
i.e. Please don't look back at my posts to see all the years of deceitful, over-optimistic twaddle I wrote.