Member Info for cindercone

Investing.com is pretty reliable and shows US at $40.75, I'd expect this dip below $40 at this rate, although I understand BMN are selling some premium products into US at a higher price and the majority of sales are going there.

Still, the trajectory is not good. A decent profit margin needs to be maintained to pay off BMN's substantial debt and that's being constantly eroded. Despite the drops would be good to hear from BMN that sales to US have further increased over other regions, but then we have to factor in increased shipping costs.

V price is really tanking now. At this trajectory, things are not looking good unless Mojapelo can reassure on load sheddding at Vanchem.

Although BBN is a trader who has spoken complete rubbish in the past and contradicts himself every five minutes, I agree that electrolyte sales will be insignificant this year.

"BBN still holds a portion of BMN."

He SAID he holds a portion of BMN. I wouldn't believe a word that comes out of his mouth. Like so many self-proclaimed experts, he only reveals the buys not the sells.

"Not sure what happened to the SP today - almost exclusively blue afternoon"

When are you going to get it through your head that the trades displayed on here are completely unreliable to the extent of being meaningless? If you want accurate trading data you have to pay for it.

Do you mean hardcore holders like BBN, Sanchez, Ophidian blah blah? They all sold out.

When the SP was 48p I reckon asteroids would have been mentioned had someone predicted it drop to 4.25p in 2023.

It's pretty obvious that everything I write is my own opinion, so no necessity to prefix.

With the SP at a six-year low, I'd suggest "confidence is running out" and "sentiment is appalling" are entirely appropriate statements. If you'd rather wait until the SP is 1p before drawing that conclusion, that's up to you.

I don't care about other companies' valuations, the SP speaks for itself. Sentiment is rock bottom and that's Mojapelo's fault - nobody else. He's horribly overpaid and if he can't be bothered to promote the company or make decisions that result in shareholder value then shareholders need to take an active role in removing him. Confidence is running out fast - this needs to be a VERY positive year.

The V downtrend is a concern. Can change at a whim, but the problem is that it's unpredictable and that makes Bushveld's profitability unpredictable.

Of course, I will praise FM if he starts delivering on his promises. At the moment, he's in hiding and unaccountable, which doesn't give me any confidence. His silence is a major reason for the appalling sentiment here.

"Clearly vanadium price is key here. I note that the small retrace seems to have fizzled out."

How did you come to that conclusion. China (-2%) and Europe (-0.5%) both down again today. This is an extended period of downward prices 5-10% across the board over past 60 days.

Big year for Mojapelo. If the debt cannot be managed, targets are missed again and the BE hive off is unsatisfactory then PIs need to raise a written resolution for a vote of no confidence imo.

The big question is whether there are any nasties hiding in the closet. There's always a fly in the ointment with Mojapelo.

BBN doesn't say when he sells. Like all investment gurus they only tell you want they want you to hear. Nobody can be trusted to reveal their trades, especially you.

You seem to forget that BMN is an exporter. SA politics didn't stop BMN 5x bagging when V prices went berserk and won't stop it if it happens again in the future.

Credit to Pdub btw. Although we disagree, he at least stuck around to back his research.

RichKen is full of bluster. In the 'old days' the forum was worse than it is now because it was full of arrogant, deceitful egocentrics.

Remember Big Bite Now, who told us how BMN's involvement with VRFB manufacture/BESS was virtually a dead cert and would provide massive income streams? Died like a wet fart.

Then you had Alfachump, Sanchez patrolling the board 24/7 and literally trying to ban anyone who disagreed with their cr*p. Lest we not forget that prize donkey and fraud Ophidian with his EW charts - telling to people to buy while letting slip he was selling.

I'd rather converse with a troll than that bunch of deceitful scum. Where are they now? Ashamed to show their face that's where.

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Like this post if you'd further invest in BE if/when it's demerged like Afritin was.

I'd rather invest in ATM as it stands now or buy back BMN. Nikomarov has now shown he can run a company, or do anything other than post on LinkedIn about everything other than what Bushveld Energy.

Nothing can be based on substantive evidence because BMN never tell us anything. Why do they never tell us anything? Because there's nothing to say?

Removing BE will simplify BMN and that will make it more attractive to investors who will finally understand what they're investing in - a tier one V supplier in a market with growing demand.

If I'm wrong about BE it will be a pleasant surprise but I have no expectations for it anymore and that's BMN's fault due to their total failure to communicate its worthiness.

I believe BELCO will be a damp squib with the pie too sliced up to generate significant profits for BMN. There is only one story, vanadium price + production, of which the growing VRFB sector will help to keep prices elevated.

BMN's vertical integration story will die and BE will do nothing independently with the hopeless Nikamorov in charge. South African politics will never sort itself out, so all this talk of self-generation and micro-grids will come to nothing substantial in the long-term IMO.