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Why haven't you sold when - in your words - the "game is over"?
I think it's fairly obvious that the likes of ARCM101 sold at a heavy loss but are frightened that the SP might storm back at some point in the future. Rather than move on, they feel the need to justify their decision by stalking the board and trying to frighten other investors into selling,
Fair enough if that's what he wants to waste his time doing, but most people's decisions are based on facts, how much they've invested and their appetite for risk. You'd have to be a very weak seller, or buyer, to make decisions on the guff posted in here - mine included.
Derampers can be seen through in five seconds, the only people I can't tolerate are those who use their rep to aggressively pump the stock when they're secretly selling, but thankfully that dirty scum have left now.
Hi Pdub, hope you're well.
I don't mean to be rude, but you're a moron. A company can sell a product and be running its business at a loss, so what's the point of such information??
What does it matter how much nitrovan was delivered when we don't know the profit/loss margin? Without that context, it's a pointless statement.
Calamari... the master of investing - probably hasn't made a penny in his life. If he was any good he wouldn't spend all day talking about a share he's not invested in. I mean, that's not what serious or successful traders do is it?
Well put it this way, if Mojapelo is completely unable to service the Orion debt and renegotiation is painful to shareholders he deserves to be fired. No two ways about it, that would be a complete miscalculation and shambolic management on his part.
Yes, I'm aware of that, but what has it to do with anything?
Few people have been more critical than me of ramping ********s on here like Alfachump and Ophidian etc, but facts are also facts and it's likely that BMN will massively reduce debt next year.
If they cant meet their entire debt obligations, what's left should be easy to renegotiate. And if BMN are profitable enough to hammer down the debt then they will be profitable enough to re-rate the SP so Orion can profit on their own holding in the company.
And some weren't.
The $100+ V price was based on Chinese steel rebar policies. At 5400mtv BMN wouldn't need to hit anywhere near that to make massive profits at a price point that could well be sustainable.
Good question. You may not have noticed but throughout 2020 the V price was averaging around $28 in China. For the last two years it's been averaging around $38. Some might opine that the structural deficit you speak of is already in play and VRFBs are beginning to play a role in sustaining prices.
Game over my arse. This is a long-term hold and AIM doesn't do long-term - as reflected in the price. Yes, it's important that BMN shows it can meet its debt obligations in 2023 but although Pdub only ever gives one side of the story, there is a very good side to the story once BMN rides out the storm.
The problem is a lot of us bought in too early and those debt instruments (and other events) have decimated the SP. However, if you just stumbled on this admittedly complex investment and did thorough research it would be a screaming long-term buy - and that's how you have to view it now. All is certainly not lost with BMN, far from it.
When the SP hit 48p, how much vanadium was it pumping out exactly? Double that production and more some going into another V spike and you can only imagine what the profits, and therefore this share might be worth. But that's for another day.
If you don't believe that will ever happen, pack and up leave - but take responsibility for your own investment instead of blaming other people.
So it's now utterly pointless looking at China prices, unless you happen to believe they're influencing global prices, which they're not at this moment. Seems that exporting to China has become prohibitively expensive, hence why sales goes to Europe despite historically lower prices there.
@Justdandy
I doubt BMN will benefit in a 'big way' as only 18% of BMN's vanadium is sold into China. In fact it's less than that, as 18% is actually China + RoW.
Neither are US or Europe following suit. In fact, EU is down over 5% over past 60 days, -and seeing as 37% of sales goes to Europe that pretty much wipes out the benefit of price increases in China.
You're not worth listening to Calamari. Anyone who writes hundreds of posts that are ALL negative has an agenda. Feel free to keep posting, but you're probably wasting your time as nobody sensible will trade based on anything you say. Same goes for Pdub IMO, when the discourse goes all one way, there's no value in it.
I'm impartial and always have been, not that anyone should care.
Calamari cherry picks all the bad stuff and every single post is negative, Pdub picks all the good stuff and every single post is positive. IMO, neither are worth paying close attention to.
Plausible...
https://twitter.com/richard_corsie/status/1570416087480602624
Why would Fortune feel the pressure? He's paid $500k a year and will do very nicely whether BMN succeeds or fails. That's the trouble with AIM, too many very well paid individuals gambling with other people's money.
If the board shared the pain along with every other investor, I'm sure their decision-making process would be very different, especially when it comes to outward communications.
Hard to say as it's utterly dependent on the vanadium price, but I do think the potential is there for it to climb higher due to global events turning in BMNs favour.
To think he's paid £100k a year for selling... absolutely nothing. Scandalous. A mate's rate salary for a man who has been utterly invisible for almost a decade. The old adage, it's not what you know but who you know, has rarely been more appropriate.
Things stink at the moment and there's no real reason to hold BMN in the short-term, but on the positive side the V price has strengthened YoY between 2020-2022. A super-optimist might suggest VRFB demand is already acting as a catalyst on prices.
When China get themselves out of their Covid hellhole and global economy recovers from inflationary pressures and begins to implement post-Covid infrastructure spending and renewals pledges, it can only bode well for future consumption.
It's also hard to believe that BMN would build an electrolyte plant if they had no one to sell electrolyte to. Maybe Nikomarov can pull his finger out his arse and make something happen this side of 2050.
The Orion debt sucks, but as long as BMN sustains 5200 mtv by year-end and costs come down that can be shaved off throughout 2023 and the remainder renegotiated no problem.
I was optimistic about 2023 but think that's going to be 2024 now. I don't see BMN ramping up to 8,000mtv within the next 5 years, unless there's a massive commodity spike. In which case Mojapelo will be either viewed as a genius or a reckless fool playing games with investors' money, not his.