Member Info for cindercone

What good news?

The only 'good news' about debt renegotiation is that it's not hanging over the company's head like a noose. The actual result is... more debt.

BELCO? Only good news if the carve off is a good deal. We know absolutely nothing about that or production/contracts at the plant.

Vanadium price? BMN is profitable, but current prices are weak. There is not expected to be a rebound in 2023.

Mini-grid? What does it do for BMN's short-term financials? Nothing.

Alternatively, perhaps you can fill us in on all the other good news we have upcoming.

Doesn't look like steel prices will recover much in 2023: https://www.miragenews.com/oecd-steel-committee-vice-chairs-issue-joint-966447/

On the other hand, maybe VRFBs are having an effect on the market, as under these challenging conditions you might expect V prices to be much lower than they are now.

"The rising vanadium prices are doing nothing."

Considering V prices in China are the lowest they've been for well over two years, a 0.9% increase in a market BMN hardly sells into isn't likely to change anything.

Anthony Viljoen himself has a lot to prove at Andrada , but ARCM101 is correct that FM is responsible for the dramatic SP slide.

I still can't get my head around how he thought the Orion loan was ever payable. Either (A) He made a total pigs ear of the initial transaction. (B) He truly sold shareholders down the river.

His handling of the BE carve off has quite frankly been amateur-hour and shown zero consideration for shareholder sentiment.

These things matter, because trust matters. By publicly listing BMN, FM has a responsibility to provide shareholder value. If he simply can't do it, then his position should be under threat. IMO, he really doesn't have much margin for error in 2023.

"the improved margins we'll start seeing from electrolyte sales"

Not much to get excited about when we don't even know what percentage of the plant BMN will own, let alone the value of any supposed contracts.

My betting is that it's another classic situation where people get all optimistic but FM underwhelms with another crappy RNS.

"You yourself stated that 'this is derisked as long as V prices stop plummeting', so you must be optimistic at last."

It's derisked to an extent, but the problem is that nobody knows how the vanadium price will behave. I speculated early in the year that VRFB traction may be responsible for stable prices above $40 - but the price has plummeted since then, so that was clearly over-optimistic.

Independent forecasts show a requirement for huge amounts of vanadium for various battery-related projects over the next 5-10 years. That's what makes BMN attractive at this dismal SP, but sentiment on AIM is not geared towards mid-long-term drivers.

Unfortunately, Mojapelo is not in control of vanadium prices and therefore cannot control the near-term prospects of the SP. Unless he has any other good news to engage us with, but with his dismal track record that seems highly unlikely.

"How is the market still rejecting this."

Because the vanadium price is sh*t and the company is barely profitable. BMN's SP was always closely correlated to the V price, except when Mojapelo couldn't pay his loan off and threw everything into doubt.

This needs a reason to move and that will have to be the vanadium price because Mojapelo never brings any other good news.

Paranoia.

There are 3,600 stocks on AIM. Market makers don't care about little penny stocks like BMN with its measly volume.

My narrative will change when Fortune Mojapelo's does.

ANC better not be supplying Russia with ammo. If they are hit by sanctions will be the end of BMN overnight.

"you try and defame anyone who ever did and shared proper informed research"

Is this the proper informed research that led you to sell all your shares while posting EW charts and begging everyone else to keep buying? 😂

@brasi - if I'd done anything wrong I'd be banned, and if you weren't such an oaf you'd be able to figure out that I'm not the enemy. The hypocrisy of those wasters I mentioned who spent years proclaiming their long-term conviction in BMN - arrogantly hammering anyone that dare contradict them - only to quietly dump their shareholding.

Ophidian, BBN, Alfachump, Sanchez. All traders who lied through their teeth about their holdings in an attempt to earn a few quid at other shareholders' expense.

All have proved to be garbage investors.

It's fairly obvious that current vanadium price + continual II sells will ensure SP goes absolutely nowhere for foreseeable future. There is really nothing more to discuss unless FM decides to perform a miracle and post a positive RNS that goes beyond merely renegotiating debt.

It doesn't matter if your positive, negative or sceptical, the undisputable FACT is that every rise is sold into by IIs and has been for years. Until this stops, no progress will be made. Perhaps one should ask what BMN are doing to replace all the IIs that have left their sinking ship.

"It would be hard to understand anyone not recognising the positive year ahead."

It's very simple to understand than when positive news is immediately sold into the share price goes nowhere.

You can be as bullish as you like, but as we saw last week even after the positive catalyst of debt renegotiation a 35% rise has been totally eroded.

For the last three years IIs have been overpowering PIs with their constant selling, selling, selling. Until this pattern changes, BMN's SP is going nowhere.

Successful traders are few and far between but those who succeed are quite capable of making a fortune on AIM and are far more intelligent than me and certainly more intelligent that you.

Only morons spend all day trying to convince people to sell so they can buy at a higher price, primarily because it doesn't work.

If you think it works, you're deluding yourself. And if it did work that would make you a total low-life. Seeing as your tactics are almost certainly a complete waste of time, maybe you should ask yourself what sort of person you want to be.

"the likes of Coffeecups etc.. who think they are Warren Buffet, but despite their success in trading are still trading penny stocks! "

If the lemon was successful he wouldn't resort to trying to hammer the price down on a chat board. Successful traders don't need to do that - desperate, small-time 'traders' do.

"You also need to take more care with your use of facts. Your 5400 v BMNs 5000 to 5400. Very different scenarios."

"I don’t really care if a production target is missed by a small amount."

These statements appear to be in contradiction. You don't seem concerned that BMN is currently 900-1200mtv below its planned production target of 5400mtv, yet the difference between 5000-5400mtv is suddenly a big deal.