Member Info for cindercone

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.

Why do we need to be constantly told that certain people have been filtered? Is is supposed to be a threat? lol

Just do it then stfu.

If I'm a troll then so is the BMN board because they agree with me and have kicked Mojapelo out of the hot seat.

Fact is, those who continue to pump their so-called positivity into the ether have been soundly embarrassed and are in no position to lecture others. Their projections are full of bluster as BMN's future is unknowable for as long as the company refuses to declare its cash position.

Nobody really knows were the V price is heading as global events are so uncertain, although we do know that the continued adoption of VRFBs are likely to apply upward pressure over the medium to long-term. At present, however, information on sales and costs are so muddy that nobody is in a position to declare whether BMN is actually profitable or loss making. Therefore, projections either way are idiotic and deceitful.

We're just going to have to wait to see how Coltman decides to reshape BMN and hope that he can introduce the transparency and accountability that was so lacking in Mojapelo.

let's see what he does before we start blowing smoke up his ****.

@Daisan

A company is never going to declare that in writing, but it's blatantly obvious what has happened.

You'd have to be a total cretin to buy a significant amount of shares at this point. Until the Orion loan is signed off on, administration is a possibility and BMN is nothing more than a punt.

Orion have refused to refinance the loan while Mojapelo is in charge, but Coltman still needs to push the package through, which means going through BMN with a fine tooth comb , reshaping the business and drastically reducing costs.

I'd expect job losses and a sale of assets where possible.

Ordinary shareholders who fear BMN is going bust.

"HarriM this is a bunch of AIM traders / shorters trying to talk the share down. "

Evidence for shorting? None of course.

HarChris "I only pick up that I'm being talked about by those defending me"

And yet you continue to respond almost verbatim to those you have supposedly blocked 😂

If you had little credibility before, it's completely shot now.