Member Info for cindercone

@eastocks

I was always on board. This is a disruptive industry and that type of investment potential doesn't come around very often. Unfortunately, we had a self-serving CEO who tried to hide his bungling from investors and capitulated the SP. Many investors on AIM have become victims to this type of charlatan.

The writing was on the wall, yet I was the only one with the foresight to suggest Mojapelo should be removed from his post. The key is to keep your eyes and ears open and not get emotionally attached to a stock. What you won't get from me is deceitful fake optimism or brainless negativity.

Ultimately, what we're seeing is multiple industry players, and opportunists, teaming up to maximise the very clear and obvious prospects that energy storage will have to offer in the coming years. The company has survived Mojapelo's amateur bungling due the extraordinary potential for growth in this industry.

Ridding BMN of Mokopane makes sense. Getting that running would not only have taken years but would only have meant more endless dilution. BMN now has the capital to deal with the Orion debt and expand up to 8,000mtv.

Still a long-term hold and the opportunity is not as mammoth as it might have been, but still highly attractive IF everything falls into place. An electrolye plant running at full capacity and 8,000 mtv of cheap feedstock at elevated V prices due to exponential increase in VRFBs (well under way) and China recovery (eventual) makes this a no-brainer at 2p assuming you're an investor rather than a trader.

"Whatever China is doing is not having a beneficial effect on our bottom line."

Not necessarily true. For all we know, China's consumption of vanadium for energy storage might be keeping the V price at $30 rather than $20.

According to Coltman, BE is currently sending samples out to clients - so clearly clients have been found.

At this point, I'd say Nikomarov has surpassed Mojapelo. At least the electrolyte factory was built on time and is potentially adding value, whereas all Mojapelo ever did was destroy value.

"Why do you think the likes of GoatBreathHalfWit and his little band of Muppets only come out of their cesspits when the SP is in decline"

When is it not in decline?

This continual talk about 'trolls' is extremely boring. Opinions are opinions and everybody has their motivations for posting. Deception is deception, and people like Pdub and HarChris are equally deceptive as any so-called troll.

Besides, what do you think you're going to achieve by attacking people? You're just throwing more fuel on the fire. If you don't like, block, and there's no need to announce it either. Nobody with a brain cares.

I'm still here, waiting for updates and laughing at Pdub's neutered, vanilla posts.

Kamran Sattar appears to like taking over distressed companies. He moved for Reabold in March and, ultimately, failed to take the company over.

https://www.energyvoice.com/oilandgas/north-sea/489934/reabold-unsolicited-approach/

On the other hand, maybe Mr Coltman simply got his little black book out and made a few phone calls.

They were spooked enough to get Mojapelo sacked, so I don't agree.

"Why would Orion pull finance, they are in it to make money....you boiler room guys are getting worse by the day"

How does Orion make money if BMN are unable to service their debts? At present, BMN are struggling to even service the interest. When a company requires an external loan to pay a loan, you know they're in trouble - and would they even get a loan?

If Orion feels the situation is hopeless, they can quite easily pull the plug and demand BMN sell assets to cover the debt repayments.

If you think that can't happen, you're living with your head in the sand. This is AIM, it happens all the time.

Vanadium demand is expected to increase, exponentially. Vanadium prices will recover in time. The problem is the levels of debt dumped on the company without factoring in worse case scenarios.

This current vanadium lull could have been ridden quite easily were it not for Mojapelo's abject incompetence as a CEO.

"Good contributers have ceased because of you lot."

Who are these good contributors? Did any of them predict less than 2p by Sept 2023 or were they full of sh*t?

There is pretty much no chance of being sued for slander for anything posted on here.

Even if there is a question mark over the factual accuracy of anything said, as long as you can prove that the substance (or main thrust) is true or an expression of your honest opinion, prosecution is overwhelmingly likely to be a very expensive failure.

Even if comments could be genuinely considered slanderous, proving reputational harm for a comment posted on a web forum that is read by a few hundred people and pretty much buried out of sight within 24 hours would be virtually impossible, if not utterly pointless.

Illegal activity on Mojapelo's part? Nothing would surprise me in South Africa, but the most you can pin on him at this point is gross negligence. I'd imagine it would be equally difficult/pointless to sue him for trashing people's investments through incompetence as it would for him to sue anyone for slander.

According to HarChris, we're supposed to believe that after a 15% drop in both guidance and US prices (their main market), BMN has gone from being able to pay off the entire Orion debt to not being able to pay off any of it.

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.