Member Info for cindercone

They're so tired of the 'trolls' that they look in here several times a day just to see how they're doing and immediately respond to threads.

The Telegram groups are nothing special. Just an echo chamber full of people like Lawrence H posting childish GIFs. Dangerous to invest in echo chambers.

Some people will just say any old cr*p. Mind you, HMHG certainly has form on that front.

@Richken

"I think this is the year BMN make a substantial profit and introduce a dividend for share holders."

Pmsl - you having a wind up? The debt is bigger than the market cap. Where's the money coming from for a dividend?

@MrRipley

05/03: "The whole weekend has been dominated by morons banging on about a news vacuum that doesn’t exist."

23/03: "A drop from 185 to 110 with zero comms is quite staggering really. Time to go AS?"

Utter clown.

If BMN didn't achieve their targets then the broker predictions were wrong and they should have downgraded below the current share price. When has that EVER happened?

For five years the targets have been wrong. What does that tell you about broker targets Sherlock? It tells you that the company pays them to only give positive price targets, i.e. meaningless.

Please stop wittering on about broker targets. They're utterly meaningless, as has been proven time and time again.

Pdub's criticism is absurd.

Should someone say "IF the V price reached $200, we'll all be rich and it might happen this year" - would that be a balanced argument?

No, balance means "to offset or compare the value of (one thing) with another." In other words you have to give both sides of the argument - what happens if the V price goes up and what if it goes down.

Not understanding that is the definition of "plain stupidity".

@Pdub

"IF all goes well including reduced load shedding and BMN produces 5000 mtV in 2023, and IF Vanadium price averages $45 kgV for 2023, and if AISC comes in at say $34 kgV, that could produce a margin of $11 kgV."

"I do not try to present an artificial sense of balance."

Slight contradiction there as a balanced point of view would speculate on what might happen if the V price continues to drop - like it is now.

I predict Wyndrum is either unemployed or has a very low-paid, boring office job. Only then would he find the time to ceaselessly post such garbage ad infinitum. A successful person (in investing or life) simply wouldn't require the attention/validation.

Either way, not someone you should be taking advice from.

@wyndrum "I'll tell you my thinking, because if he said this trial (in full) will take up to 4 years (instead of the 2 he stated originally) the SP would have fallen further because funding would immediately be an issue as 4 years was unsustainable."

Avacta is funded for the period it believes it needs to be funded for. Why would you fund for 4 years when a licensing deal may become apparent within 12-24?

wyndrum: "The only consistent is that AS misses every deadline he sets. Every one. That then naturally leads investors to be nervous."

So what? Most CEOs miss deadlines. He gives a date sometime in the future when he hopes or expects something to happen but things change for a multitude of reasons - often completely out of his control. He's not a milkman, he's CEO of a life sciences company.

Are you suggesting AS deliberately seeks to mislead investors? I'd put his reputation and credibility above yours.

@Pdub

Let's not waste time with semantics. Mojapelo sold a story, took people's money, built a business and helped himself to a massive salary.

At some point he needs to deliver something to those that entrusted him. This how most companies operate on the stock market, although not every CEO enriches themselves to the extent he has prior to the company becoming sustainably profitable.

He should and needs to be under pressure. The clock is ticking.

@Pdub

I'm well aware that BMN is investing for growth but there is no good news until that translates into profit. Thanks to Mojapelo, that's more of a guessing game than it should be and that's why sentiment is appalling.

Bushveld Minerals generated revenue thanks to shareholder funding. Hence, Mojapeolo is indebted to shareholders for his job.

@Pdub

The point is that if Mojapelo continues to show what could easily perceived as contempt/disdain towards shareholders the SP is unlikely to fully realise its potential. At the moment, the overriding feeling is that as long as he's okay on his over-exorbitant salary he doesn't give a toss.

AIM is strewn with CEOs that are happy to take shareholders money and rack up debt at no cost/risk to themselves. Those types of CEOs should be sacked if they don't deliver shareholder value.

Case in point. CellCube battery arrives on site at Vametco mine - "a milestone for our first of its kind 3.5MW solar PV and 1 MW/4 MWh VRFB mini-grid project." they say.

A milestone, yet they don't even bother to send out an RNS. This displays a total disinterest in shareholders.

He's lost £75k, he's entitled to vent.

Part of Mojapelo's job is to provide shareholder value. On that front, he's been a miserable failure.

The SP remains totally dependent on the V price because Mojapelo has done nothing to provide the markets with optimism. We can predict what happens in the future, but as we're currently seeing the vanadium price has a mind of its own.

Take out the RNS fluff that has to be reported to the market (share conversions, price monitoring ext, quarterly reports etc, voting rights, etc.) over the last 12 months Mojapelo has pretty much told us jack sh*t about anything. The one meaningful bit of news was the BE carve out, which he's left hanging in the air for 10 months. Truly pathetic comms and destructive to the SP.

Yes Jimbo, obviously strong buying this week too. It's just a shame that there always seems to be someone selling into those buys - this has been going on for years.

Someone desperately wants out. Massive sells all week.

Maths is not a strong point of mine, but 1 litre of electrolyte requires 145g of vanadium. 32m litres (BELCO) would therefore require 4.6bn grams of vanadium, equivalent to 5,114 tons.

Seeing as BE will sell electrolyte at a premium - let's say $55 per kg, then one metric ton would be worth $55,000 and 5,114 tons would therefore value Belco's maximum electrolyte output at £281,000,000.

Perhaps someone more intelligent than me can tell me whether I've got this wrong.