Member Info for cindercone

Having pretended to block me, we now have to go through the pretense of Pdub answering my posts whilst pretending he's not read them 🤣

Typical Pdub, deceitfully focused on perceived positives.

SP Angel also project average V price of $36 .5 for 2023 and $40 for 2024. Not very healthy, hence why they expect BMN to require external funding over next 12 months.

BMN needs a broker that can convince investors to buy shares, not dream up ludicrous price targets completely detached from reality. If you had a clue about investing you'd want them gone. Their broker notes are littered with errors and amateur spelling. It's embarrassing that BMN still uses them.

More evidence that SP Angel are not just useless but totally insane.

"...which goes to show how misleading that metric can be when you have acquired a stockpile like we have here."

First you have to ask the question, why is there a stockpile? If you can't answer that then your suggestion that the net debt position is misleading is deceitful, like virtually every claim you make.

Maybe you can explain how BMN's buyout of Lemur netted a large profit, taking into considering the Imaloto Coal Project was "impaired during the year" at a loss of US$5.1 million.

Mojapelo nowhere to be seen: https://www.bushveldminerals.com/about/leadership/

Let's have a more reaslitic reappraisal of Mojapelo's various messes:

First, Lemur - what a horrendous waste of money. Read the timeline: https://www.miningreview.com/top-stories/bushveld-minerals-a10-88m-takeover-offer-for-lemur-resources/

Eskom- total failure to convince Eskom to trial VRFBs and win tenders. From the beginning, BMN dangled one foot in and one foot out, giving zero updates along the way until it all fizzled to nothing. No doubt a lot of shareholders lost a sh*t ton of money hanging off the word of Alfachump and BBN who claimed contracts were a dead cert. Speculations based on a combination of deception and ignorance.

BE - told us a year ago there would be a carve out - since then, nothing. Instead of using funds to insert BMN into the VRFB sector, it now looks like Cell Cube will have to be sold to help pay off the ludicrous debt Mojapelo racked up with his reckless Orion loan.

BMN - share price collapse speaks for itself, primarily caused by uncertainty around the ability of BMN to function as a going concern. Constant missed targets (verging on the ridiculous), comms stunk and transparency zero, leading to constant speculation that has made BMN practically uninvestable. Mojapelo simply couldn't get on top of these issues, while investor relations have been non-existent bordering on arrogant disdain for shareholders.

Had Orion not shoved Mojapelo out the door, would the board have pressed the trigger of their own accord? Keeping him on the books in any capacity would be a mistake. I shudder to think what else Mr Coltman has unearthed over the past week or two.

Mojapelo is the one who shat in your bed. What's written here pales into insignificance compared to his actions and that of the BMN board.

Stop being a twat. Everybody knows you and Pdub read every single post.

@Pdub

"I have removed you from filter for the time being so long as you do not resort to personal insults ."

Why were you reading the posts of someone you claimed to have filtered in the first place? 🤔

@RazorShultz

The outlook is still very positive when you look at projected growth for VRFBs/vanadium demand. The problem here was Mojapelo's dreadful leadership and ghastly and reckless Orion deal.

How much vanadium was BMN pumping out when the SP reached 48p? The company would have done better to focus on inserting itself deeper into the VRFB market and refurbishing the kilns when it had much stronger cashflow to do support it.

@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.