Member Info for cindercone

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.

Anyone here who voted up director pay despite overseeing a complete collapse in the share price probably shouldn't complain.

"We are seeing the landscape evolving, but I think it's fair to say that we still see most procurement processes favouring technologies of the likes of lithium-ion.”

Fortune couldn't sell ice to an eskimo, everything that comes out his mouth these days underwhelms.

If that's his mission, he's succeeded. However, I also suggest you take responsibility for your own investment. You pressed BUY, Pdub didn't.

I read that most dentists will not work on Winnifrith's open mouth as there is a shortage of hazmat suits.

A minor victory wouldn't even allow meth mouth Winnifrith to buy a new pair of teeth.

BBN's concerns are abundantly clear. Investors don't trust BMN because it fails to disseminate information and therefore doesn't give investors a reason to invest. Directors are overpaid and aware of their underperformance, therefore the narrative is very secretive and controlled, which comes across as arrogance.

Anyone that's ever written to the company with a searching question will know how those emails are frequently ignored. Basically, you have to believe in the overarching story and figure everything out for yourself. It's a closed shop to the casual investor, hence the lame share price.

H1 will throw us a bone at least.

So to recap, you think it could go up by 350% in the next 6 months but you're worried about it dropping to 5p in case you only make 330%.

Heaven forbid someone should moan that the SP has risen to 5.7p.