Member Info for cindercone

It was a decent interview but Matthew clearly gets frustrated at never getting a clear answer to anything. He wants to give shareholders a numerical reason to invest, but FM perpetually fails to give straight answers. As usual, everything is shrouded in mystery.

The 'don't worry, we're not going bust message' is not really one that investors want to hear. Can we hope that H1 will deliver decent profits or will it be more bad news?

@HarChris - It all depends on the H1 results. Exactly what is being sold into the US and at what price is a little muddy. If we're hitting Fastmarket's assessment of the V price then there is potential for positive numbers. If so, I agree we could
see an impressive re-rate.

However, if, for whatever reason, those results are poor then it's going to lead to a lot of questions being asked about whether BMN can finance its debts.

I'm not going to predict what the share price will do under either scenario.

@Alfacomp - you were simply telling people to buy while you sold and bought back low. Telegram group had you sussed too by the sound of it.

No need to move on. I'll continue to call out individuals who abuse the respect they've earnt to willfully and deliberately manipulate others into losing money so they can profit.

@Pdub

I'm not sure that BMN is undervalued. The price reflects the company's bottom line and the fact that Mojapelo is to PR what Bernard Manning was to race relations.

As for BE, that element of the business was supposed to be a key value driver, but Nikomarov has been so utterly hopeless in conveying any sort of business model - or anything at all - that I'm more looking towards other players in the vanadium space to drive the demand that BMN needs for future growth.

Right now, I'm purely focused on production and the V price, which thankfully has the potential to deliver positive H1 results and a near-term re-rate.

I'm not investing in either. BMN have the vanadium AND a stake in Enerox, and their profits have the potential to dwarf any VRFB manufacturer.

BMN would also benefit massively from vanadium spikes, which are potentially detrimental to VRFB manufacturers.

If you read the Garnet v VRFB citation, it states: "One aspect of BEL’s strategy was to make initial investment into the manufacturers which would assist their growth and their raising of further funding. The first manufacturer in which BEL
invested in this way was a company which came to be Invinity Energy Systems plc."

It then goes on to say that Enerox and Invinity are seen as "competitors" and that "[Bushveld] are funding Enerox by selling Invinity”.

Reading between the lines, it seems BE has fallen out with Invinity and will primarily be supplying electrolyte to Enerox instead. I always thought it odd that BMN would flog all their shares in a company (IES) that was supposedly a major part of their vertically integrated strategy.

Stopped reading after point 1.

"Without any new developments, most stocks will drift upwards."

Clueless.

"Not our main market, but this should have a knock-on effect to European prices and hopefully keep the US Vanadium prices high."

Your hope looks misguided. Fastmarkets now showing a 13.73% drop in US prices since June 16.

Probably meth mouth Winnifrith desperately fighting a losing battle with his short.

Seriously, SP Angel need to be dumped.

"The South African group owns 74% of Vametco and 100% of the Vanchem." - WTF is THE Vanchem?

"Energy (84%) is developing solar powered, Vanadium Redox Flow Battery mining grid." It's mini-grid, not mining grid

Sloppy, lazy, incompetent. Useless.

As uncomfortable as it is to hear it, ARCM101 makes a valid point. However, I think it somewhat unlikely. BMN should be comfortably profitable with US prices and have until Nov 2023 to start paying off Orion.

Load-shedding in SA is still a big problem for Vanchem, but we're coming towards the end of the winter in SA and the return of Koeberg's Unit 2 nuclear plant (end July) would add 920 megawatts to the national grid helping to ease load shedding. If all goes to plan (not that they ever do), Vanchem will be free to hike up production alongside Vametco as costs drop.

Worst case scenario, BMN can sell Lemur or renegotiate debt but the interims will tell us a lot more. You can take that as your pre-warning, but I think that's leaning more towards being pleasantly surprised than terror.

Not sure how I've been disrespectful when my tone is no different to many of the comments hurled by yourself in my direction. Genuinely bewildered.

I never said different perspectives weren't allowed, I just said there's no point asking people entrenched in their views to change them.

You will always be positive and ignore the negatives, CC will always be negative and ignore the positives. Neither are balanced points of view.

I respect your views and right to have them regardless, but to say "the share price is a mystery" is patently absurd. Even at the most basic level, Duferco's selling and its profound effect on the SP is no mystery.

Great news Pdub, I'm genuinely delighted for you. So much so that I will (almost) completely ignore your absurdly oblivious statement, "The share price is a mystery."

Have a good evening.

He'll never admit it so there's no point asking, just like Coffee Cups will never admit that BMN has a future. These opinions are opposite sides of the same coin. Both carry an element of truth, but both ignore what is too uncomfortable to face depending on their agenda.

Best to sit somewhere in the middle. Negativity reigns at present because that's what BMN has been throwing off.

The major problem now is Eskom's ongoing struggles with load shedding, which is likely to damage Vanchem's production rate indefinitely. Self generation sounds good but will take years to be implemented with ********s like Gwede Mantashe heading the DMRE.

Fortunately, BMN is getting substantial income from the US at a very favourable V price - even better if they can further increase sales to the region. HI results should be very good, but that's two months away.

It's not all bad, but we still need to know the financial bottom line in relation to BMN's ability to pay of the Orion debt.

Nov 19 2018: "Alfa i bought another 10000 at 16:20"
Dec 3rd: "Never a better time to invest in BMN and yes I'm still buying."
Jan 25th: "Just to remind ourselves that while we're waiting for news that we're still making well over £1 million per Jan Jan 31st: "We're a cash Elephant."
Feb 6th: "Just sit tight and don't panic sell, fundamentals always win."

Declaring the supposed buys but not the (1.4m) sells. Nothing out of the ordinary at all pmsl

I think your time is done here.

I've already got you worked out, thanks.