Member Info for cindercone

Yes HarChris. The investor gamble is on global VRFB demand being so formidable that vanadium prices will be sustainable within the $50-$60 range in the long term. Fortune Mojapelo doesn't have to gamble. He enriches himself by gambling with other people's money.

If we're wrong, we lose our investment while he joins the pantheon of failed AIM CEOs that took investors for mugs and ran off with the loot.

If we're right, I won't thank him because he didn't introduce me to the business case, other people did. Mojapelo and his mate Nikomarov have driven the SP into the ground and don't care about shareholders. Meanwhile, we waiti for the VRFB market to do what we hope it will.

Just be thankful BMN is not selling its commodity into South Africa itself. Reading extracts from former CEO Andre de Ruyter's book describing his reign at Eskom it is clear that the country is institutionally corrupt from top to bottom and has no future in its current incarnation.

BMN's success is solely predicated on global demand for vanadium driven by the steel sector and VRFB uptake. Talk of mini-grids and selling batteries to local producers is going to be a complete and utter waste of time. If Mojapelo is naive enough to explore that route, even more reason to get him out.

Yes brasi, I am and LSE are evidently delighted to have me.

Hopefully I'll still be here when the SP recovers, even if that means Fortune Mojapelo is gone. I have no trust in him whatsoever.

Fact remains, vanadium price goes up, share price goes up. FM seems incapable of influencing the price in any other way and is totally disinterested in SP performance.

No CEO should be able to list a company and make himself rich whilst overseeing a total SP collapse. BMN shareholders are very weak and need to send him a firm signal at the AGM that his future as CEO is in jeopardy.

"But what happens when a company like BMN with a talented, determined and honest CEO actually delivers a growth company with revenue and ultimately profit."

An honest CEO doesn't tell investors that the broker he pays for to give ludicrous share price predictions is an accurate predictor of future share price performance. That's a patronising and dishonest CEO.

There is no evidence FM is talented, quite the reverse. He's completely uninspiring. What's he done exactly? Borrowed a sh*t ton of money that he's struggled to pay back, missed almost every target he's ever given and overseen a horrendous share price collapse. All his fault? No. But the missed forecasts, lack or comms - verging on cowardice, and appalling sentiment certainly is.

The company has a future if VRFBs take off as predicted, not sure he should be a part of that future.

"Chances are" is not a very convincing investment thesis. Pretty much says it all.

BMN has huge debts and income is not great at the moment. Until the company can prove it is able to deal with the debt in a convincing way it's not going to be an attractive investment. AIM doesn't give a stuff about 'the future' at the best of times, let alone in this harsh economic environment.

When communications are this dire and shareholders are forced to guess the future, what do you expect?

He's scaremongering while you equate USA to a country whose GDP is lower than Vietnam.

Codejunkie says come back to him in six months when the SP will be a lot higher. Surely such ingenious insight into the company's operations makes this a no-brainer investment.

Night. Try and do a little better next time.

You don't know then - it was just a meaningless comment designed to fool people into believing something substantive is occurring.

Stop being patronising Pdub. To what extent are profits increased by the recent increase in Rand? Is it meaningful or negligible? If you don't even know then what was the point in mentioning it?

Obviously, the increasing Rand works in BMN's favour, just wondering why you would bother to mention it when you clearly have no idea how it translates into profit - as evidenced by your reply.

As any intelligent person knows, brokers are paid for by companies to give positive price targets and those targets are therefore utterly meaningless.

How does that increase translate to BMN's bottom line in a way that's meaningful to the share price? I take it you've done your research and can give me a quick answer.

"His company sells to most markets and brings in valuable US$s to a country whose economy needs every bit of support."

Didn't realise my investment was a charitable donation. I was looking for returns.

What's also quite bizarre is that those who vent or criticise the company and SP are somehow blamed for it being where it is, despite their words and actions having no tangible effect on it. Yet the person who takes home $500k a year and has overseen the SP crash to a 6-year low is seemingly immune to criticism.

You really couldn't make it up.

No. But the value of my investment is so low I might as well leave it. And I still believe in the long-term principle behind the investment, even if I have pretty much given up on Fortune Mojapelo being able to affect the share price (upwards).

Of all the ludicrous comments I read the funniest one is about "paid spammers". Who in their right mind would pay people to spam an investing board when there's zero evidence it makes any difference. What would the pay structure be exactly, and how could the payee legitimately measure the result of his payments?

This is the sort of drivel that badly researched idiots post when they are completely unable to defend their investment. Either that, or they turn to "shorting" - with no evidence to support that either.

Do they really think anyone is going to buy any of that guff? Would be far more productive to take their heads out of the sand, examine their investment honestly and ask themselves if it's really working for them.

Or just be quiet and stop embarrassing themselves.

Codejunkie has never said a single thing that credibly supports his investment in BMN. His posting history is just a litany of insults. Embarrassing.

@SnakesandBadgers

I don't see anything positive happening in 2023 unless Mojapelo pulls a rabbit out of the hat, but when's he ever done that? Need the war in Ukraine to end and the global economy is wretched at the moment. China is typically the catalyst for rising vanadium prices further afield, but their construction sector is on the floor.

If anyone has a counter-argument, bring it on, but all I hear is excuses or b*llocks about how I'm not a genuine investor.