Member Info for cindercone

It would be nice to know the reason IIs have been given to invest, other than the company being saved from extinction.

That's not a reason for IIs to hold stock, it's a reason to make a quick buck and get out, which is all we have seen from IIs in the past.

"If" V prices play ball is not a reason to invest. It's a reason not to invest.

It's alright saying buy the shares at 'x' price, but what is the rationale for buying them at all? The is the first misstep by Coltman in my opinion, he needs to be giving investors a reason to buy BMN.

How is Russia out of the game? They're China's third biggest importer of ferro-vanadium.

"It means only one thing - they are desparate for cash.....I mean why else they need more!"

Can't you read?

"The net proceeds of the Fundraising will be used to fund capital expenditure at Vametco and Vanchem to increase production, strengthen the balance sheet as well as facilitate the restructuring of the Orion 2020 Financing Package."

@coffeecups

My view is long-term, not short-medium, but it's nice to know that you're basing your research on, in your own words, a "bitter sod" and a "twerp".

Yeah, I could do with a laugh - so how about you provide legitimate evidence to substantiate your view this will hit 6p, then 10p, in the short-to-medium term.

Unsubstantiated crap doesn't take long to work out.

* steel consumption

10p lol. Stop with the idiotic ramping.

Last time this was 10p the V price was $43. This is going nowhere unless V price starts moving upwards in a serious way. VRFB consumption is simply not going to make up for the disastrous state of the Chinese property market and its interrelated effect on steel prices.

Only hope is if a huge amount of BMN's production is sold at a massive premium through electrolyte sales, but nobody knows the numbers or if there are willing clients yet.

Survival remains the primary aim of BMN and even with good news nobody is buying over 3p with all the CLNS that are going to hit.

"As I put in here a while ago, Largo is a dead mine walking, it will contribute towards the incoming Vanadium squeeze."

Maybe they can sell 50% of their mine to SPR, and I'm sure Orion can lend them another £60m for 10 billion CLNs.

The question is, why are SPR lending money to a dead dog like BMN? Do they know something we don't? The housing market collapse in China is so severe, some say it won't recover for up to a decade. That's not good news for V prices and would spell the end of BMN.

However, we know that A LOT of vanadium is required for battery manufacture. If electrolyte is sold at a premium price (say $40+) could BMN steer a large proportion of its vanadium output to BELCO. If so, that would making BMN instantly and hugely profitable.

We don't know the mathematics, but expected revenue streams could be why SPR were prepared to lend.

It's easy to gamble with investors' money while paying yourself half a million and renting offices back to your own company at triple the going rate. If the business fails, so what?

Mojapelo is a grifter - no other word for it.

Sorry, wrong forum - ignore post. Great to see AVCT going well.

China is still the driver for v prices, which is why they have continued to plummet globally for around 9 months. us prices are only 12% higher than china, which is now at a near 4-year low. it would be nice to know the exact profit margin for higher grade sales to the us.

anyway, there remains numerous positives now. first, coltman who has done more in a few months than the dithering fraudster he replaced. he seems to be getting on top of things and costs are coming down.

other positives include:

- premium sales of electrolyte sales at some point in h1'24

- coltman effectively trading 50% ownership of vanchem for 100% vametco as vanchem is the bigger cost drag and vametco's solar plant will reduce costs by a further 10%

- bmn's alliance with spr and highveld steel, which could potentially allow for **** to be supplied to vanchem for processing at "much lower and more efficient costs"

- vrfb uptake is guaranteed to create significant v demand. i suspect it's too early to have a major impact right now, unless prices in china would actually be nearer $20 without demand for v from vrfbs

thanks to coltman the potential upsides are beginning to overtake the threat of extinction. although this remains a sock draw investment, bmn just needs to stay in the game.

it's not totally unrealistic to hope for a convergence of factors that will lead to massive price spikes based on a chinese property market recovery, increases in global defence spending, particularly in the us as they're giving all their weaponry to ukraine and israel, and huge demand from vrfb uptake.

that could be anywhere between 3-5 years away and, of course, nothing typically goes to plan, but having an understanding of these potential factors is what gives the edge to anyone investing at these miserably low prices.

china is still the driver for v prices, which is why they have continued to plummet globally for around 9 months. us prices are only 12% higher than china, which is now at a near 4-year low. it would be nice to know the exact profit margin for higher grade sales to the us.

anyway, there remains numerous positives now. first, coltman who has done more in a few months than the dithering fraudster he replaced. he seems to be getting on top of things and costs are coming down.

other positives include:

- premium sales of electrolyte sales at some point in h1'24

- coltman effectively trading 50% ownership of vanchem for 100% vametco as vanchem is the bigger cost drag and vametco's solar plant will reduce costs by a further 10%

- bmn's alliance with spr and highveld steel, which could potentially allow for **** to be supplied to vanchem for processing at "much lower and more efficient costs"

- vrfb uptake is guaranteed to create significant v demand. i suspect it's too early to have a major impact right now, unless prices in china would actually be nearer $20 without demand for v from vrfbs

thanks to coltman the potential upsides are beginning to overtake the threat of extinction. although this remains a sock draw investment, bmn just needs to stay in the game.

it's not totally unrealistic to hope for a convergence of factors that will lead to massive price spikes based on a chinese property market recovery, increases in global defence spending, particularly in the us as they're giving all their weaponry to ukraine and israel, and huge demand from vrfb uptake.

that could be anywhere between 3-5 years away and, of course, nothing typically goes to plan, but having an understanding of these potential factors is what gives the edge to anyone investing at these miserably low prices.

It's illogical if you're a moron. VRFBs take up a tiny percentage of vanadium demand. The main driver is construction and China's property market has collapsed with property developers going bust left, right and centre.

So along with the Orion conversion and the Mustang conversion and the BEE conversion there's only about another 500m shares to be sold before we can think about the SP turning around. Then you have the V price, which is claimed to be staying flat until 2025, which means not profits for at least two years, no doubt accompanied by more debt to keep the lights on.

Not the most attractive investment at this point.

One niobium company in Brazil produces 85% of global supply, so it will never be a threat, especially as no new mines have been developed in 40 years.

If CEOs are allowed to sue people for spreading misinformation in relation to shorting, then shareholders could sue people for misinformation in relation to ramping, as both activities are deliberately designed to mislead/deceive people and result in losses to shareholders.

Of course, the chance of this ever happening are precisely, zero. Otherwise, Pdub and HarChris might well find themselves sharing a prison cell with Tom Winnifrith.