Member Info for cindercone

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.

"Good to see SP Moving up on low volume. "

It hasn't moved up, the price is the same as yesterday's close.

Primorus had an option, cash or shares and chose cash. No surprise there. As cash is scarce, BMN had to negotiate that repayment and find amicable agreement.

Finances at BMN are obviously not great, otherwise they wouldn't need a loan on top of a loan to keep the business afloat (duh!).

Coltman has spun the outcome. Fair enough, not his mess.

Mr Coltman begins draining Mojapelo's swamp.

Merely confirms what I've said all along, Mojapelo was fired and SP Angel's broker targets are pie in the sky numbers picked out of thin air because that's what Bushveld pays them to do. Even then, it's hard to fathom the absurdity of projecting a 5 x increase in SP when Orion has 35 million shares to eat through even if the SP was to double from here.

At this point, the new CEO needs to completely change the perception of the company into one whose future has a shred of credibility.

"Oh and Squirty you conveniently left out Covid, falling V price in 2019 that nobody expected to that extent, global trade impacted by a container ship in Suez, Ukraine war"

Immediate impact of Ukraine war in Feb 2022 was to raise the vanadium price to $63.50. Why tell the truth when you can tell lies?

Hindsight 🤣 That's literally his job, to predict, project, make investment decisions and raise finance based on those findings. If he gets it all wrong in hindsight then he's a sh*t CEO.

This protectionism is seriously ludicrous and designed not just to mask Mojapelo's incompetence but the poster's own incompetence.

On top of that was Mojapelo's obvious failure to factor in worst case scenarios, i.e. global recessionary factors that might lead to increased costs, and the fact that load shedding had the potential to considerably worsen.

So to recap. Mojapelo's reckless Orion deal, the terms of which were evidently based on total bullsh*t projections of future vanadium pricing, has had to be renegotiated, costing BMN substantially more in interest payments.

Even with the debt renegotiated, BMN is likely to have to go cap in hand to the market for external funding, meaning more debt and dilution affecting an already decimated share price due to said CEO's incompetence, lack of transparency and poor decision-making .

And yet some berk still wants to the previously sacked CEO to stay on board in some capacity to further destroy value and endanger the future of the company.