Member Info for cindercone

Mojapelo has no track record of attracting institutional investors, they just took his money and dumped stock. Why would BE be any different? Especially under the stewardship of Nikomarov.

"But your focus is wrong. You should be asking was the money spent wisely? Oh YES"

Is it wise to spend money when you can't pay the debt back and have no idea about future pricing regarding the commodity you sell? V prices are in freefall and we're left relying on Mojapelo's 'gamble' that VRFB uptake will lead to sustainably higher prices - yet his handling of BE suggest he doesn't appear to believe in that story.

If he did, why he is carving out BE?

Is it: A) Because he foolishly overstretched BMN's finances and has to sell off BE to raise money to pay off debt. B) He totally misjudged the BMN/BE vertical integration strategy and wants rid of it.

I have no interest in your war with Beginerman, hence I don't bother to read his posts or your response. Lawrence H's post alerted me, however, because his stupidity is utterly incredulous.

What's wrong with it? There is no clear strategy regarding the VRFB value chain and no roadmap towards debt renegotiation. Mojapelo needs to come out of hiding.

Pdub - if you're aligning yourself to that moron you really have lost the plot.

Lawrence H - we get it, you're deeply underwater, but your crude and inaccurate posts are utter desperation. You have zero credibility and your analysis is embarrassing.

"Time To Do The MATHS !!!"

Can't do the maths you total halfwit as nobody knows anything about the BE carve off/electrolyte manufacture sales or who will own what percentage of the plant.

What's Mojapelo actually done last three years? Taken out a massive loan to refurbish a plant with no idea whether he can pay the debt back.

On the topic of alternative revenue streams, the whole Mustang debacle/BE carve off etc. has been a colossal mess. There's been no clear vision or leadership regarding the VRFB value chain - shareholders have just been left guessing.

Appalling management and if things do not significantly improve he needs to be voted out.

Like I said, there's always a fly in the ointment with Mojapelo. Been three years without a shred of good news.

"Cinders are you really going to berate over 2% - which has been explained by worse than expected weather!!"

I wasn't berating, just pointing how how stunningly predictable the Q1 report was.

Of most importance now is that the V price starts to turn. It's been in freefall for a month and eating into BMN's ability to service debt.

"And that we should focus on the broker reports he pays for to tell us that the SP should be three times higher blah blah" - tick

As I said on Monday:

"My prediction? That the company will announce decent numbers in Q1" - Tick
"Mojapelo will miss a target" - Tick
"Say nothing about debt renegotiation or the BE carve off" - Tick
"Leaves us with little to no detail on electrolyte manufacture." - Tick
"He will, however, tell us that Vanchem's injury record is excellent" - Tick

That's irrelevant, it's Mojapelo who needs to break the self-imposed cycle of antipathy and disappointment.

My prediction? That the company will announce decent numbers in Q1 but Mojapelo will miss a target, say nothing about debt renegotiation or the BE carve off and leaves us with little to no detail on electrolyte manufacture.

He will, however, tell us that Vanchem's injury record is excellent and that we should focus on the broker reports he pays for to tell us that the SP should be three times higher blah blah.

Then we won't hear diddly squat for another 3 months.

The problem Pdub is that the past predicts the future and history tells us that there is always a fly in the ointment with Mojapelo. Perceived positives are always ruined by negative operational factors and a lack of transparency that leaves doubt hanging in the air for months on end. He has to break the cycle - until he does I'm just left with the assumption he will continue to do so.

In the past, the optimism you speak of may have been reflected in the share price, but Mojapelo has ruined that. People aren't buying in to his shtick anymore, they need to actually see something real.

Classic Pdub response. I thought you go by facts? The facts are that his performance has been underwhelming, comms are tripe and the SP performance is utterly abysmal. The past is all I have to base my opinion on, whereas you're basing your opinion on a future that has not arrived (yet).

I certainly hope he comes through for shareholders - would be about time. I'll praise FM to the skies if and when he warrants it.

@HarChris "Agreed but it seems a strange time to be critical just a few days before having some of that progress communicated to us".

That's because you're assume the 'progress' will be positive, I'm not. With the SP at a six-year low and complete lack of transparency around finances, Mojapelo no longer warrants investor confidence. It's up to him to give his critics something to chew on, not you or I.

What is progress? We need to know detail on profits, debt renegotiation, BE carve out and a slew of other info. If 'progress' does not translate to the bottom line in a way that convinces the market, it's not progress however you want to rinse it. We're here to make money, not charitable donations to Mojapelo's various business failures. Once you list, success is only measurable through the eye of the markets.

One day an RNS will drop saying shares are suspended and an offer has been put in 10 x SP. If you're well researched enough to pick the right company and hold for however long it takes, that's how you make life-changing money.

99% of traders have no idea what they're doing - just witless app gambling. Sometimes they win sometimes they lose, but they never make serious money.

@Pdub

There is no deliberate misinformation. I track the V price and make a note of the prices on the first day of the month. This is what I have for US from 1 Feb - 1 Apr according to Investing.com:

$44.75
$42.05
$40.75

That's a consistent drop for over two months. If the figs are inaccurate, blame the website not me.

I didn't say BMN CAN'T sell the inventory, I said having inventory doesn't automatically translate to sales. Just like stock in a stock room doesn't always end up on the shop floor, BMN has to prove it's sold it.

Calm down and stop making irrational accusations.

I don't see how you can claim the trajectory isn't anything other than concerning when the V price has been dropping consistently for well over a month. Inventory means nothing if you can't sell it.

There's so many unanswered questions. Does FM have the answers or is he about to dump more underwhelming news re: load shedding, BELCO, sales, BE carve up etc.? His track record of non-communication forces us to make 'wild' assumptions but his history of delivering negative updates is what he needs to break.