Member Info for cindercone

Last Feb, the board sold half a million shares at 19p. They could buy them back for almost half the price, but no - they can only sell and not buy, apparently.

I mean it's not like they're skint - look at their ridiculous salaries.

During this period of inactivity, with the SP being smashed daily, they could make a small gesture to shareholders to show their faith in them and, more importantly, their growth plans, but they choose not to even at these pathetic prices.

It's being shorted to buggery and all the people who ramp it up fail to put their money where their mouth is, including the board.

" rue the price of Vanadium has dropped back a little but it is still within the 40-45 dollar price range that Fortune has described as being the "sweet spot"."

No it's not - average across US/Europe/China is now $37.

Cool Pdub

I have not suggested the BoD/CEO should be changed. I simply said IF the board fails to meet its own targets then shareholders need to consider taking action. BMN's vertically integrated strategy needs to be well in place by the middle of 2023. Not TOMORROW, and not according to some pie-in-the-sky date I invented, it's their own target.

Nothing I have said is remotely unreasonable. If the board is going to take shareholder funds and reward itself as if they've created a multi-billion dollar industry, there has to be be accountability.

Reboud, you're a disgrace.

Personally, I feel it's much better to listen to people who constantly question the company rather than worshipping at the feet of management or the alter of those who are emotionally invested. Hang off their every word and you're at risk of losing everything.

Even if I was to sell I'd still wish the best for BMN's long-suffering shareholders (well, most of them).

One more bad RNS and I will.

In retrospect, what a great decision it was by the board back in February to collectively sell half a million shares. Since then, SP has almost halved. Funny how it's never the right time to buy, but they always seem to find an opportunity to sell.

Not offended and don't care what you post, I simply asked how shipment delivery is useful as standalone information. pb940 gave a reasonable answer, so no need to get your knickers in a twist.

No offence, but are these updates really useful? They tell us sales, but not profit margin. Also, only 37% of BMN's sales head to the US.

I'm fine with Fortune up to a point, but at risk of repeating myself I have concerns over Nikomarov's role here. I'm really starting to think his employment is a misuse of company funds. The guy's completely invisible and I'd be very interested to know how he warrants a £100k+ salary. Shareholders need to consider proposing a resolution for his removal if he cannot show his worth... or even his face.

I wouldn't know DaddyBigBucks. Prefer Twitter these days and generally find that anything relevant to BMN's activities will make its way onto all platforms regardless.

If I thought I was missing out on anything I would still be a member of both Telegram groups, but all I saw was the same petty arguments you used to get on here, which is hardly surprising as it's all the same people with different usernames.

The constant posting of childish GIFs also reminded me of primary school.

I guarantee nothing new is being said in the Telegram group that you won't find here. What you will find is everyone jerking off to Alfachump while the SP's been in decline for 5 months.

This is a sock draw investment, although IMO Mojapelo is paid too much and Mikhail Nikomarov shouldn't be paid at all. £100k p/a for posting on LinkedIn once a day is a complete waste of company funds.

I have the following filtered: Ndn71, wyndrum, Ray.Thirtle, DisgruntledSH, Sangijuelas1, PJT12. I also see their green **** on lots of other boards I watch. Paid shorters IMO.

Either way, once I block someone that's it forever. If you haven't got what it takes to ignore/filter then you're a weak holder that shouldn't be investing in shares.

@Chish

Garbage I'm afraid. Like all listed companies, BMN is legally obliged to immediately disclose price-sensitive information.

@Codejunkie

I am still invested here, so evidently trust his research.

Only a fool would conclude that Myles McNulty is providing such research for anything other than his own benefit. However, that does not necessarily make the information he provides any less true or accurate.

Having said that, his reputation is certainly on the line.

Crappy Chinese LTF stocks are running low and something will need to take their place, so I still wouldn't rule out Avacta receiving large government orders. Indeed, perhaps that's what the radio silence is all about.

However, apart from their obligation to service the NHS, the govt. wants to wash its hands of LFTs and make people pay privately. IMO the home test market will be a massive earner and businesses also will be buying LFTs to provide for employees for a long time to come.

Ask yourself, if you rocked up to this share today having never heard of it, knowing the opportunity that is still within its grasp, never mind AVCT's outstanding future prospects, you'd be crazy not to see the potential. That's why I'm ignoring the current sentiment and holding.

By mid-2023, the company should have increased production to 6,800 mtv amidst a higher vanadium price environment - as forecasted by their own estimates. With production costs further lowered, BMN should be a highly profitable company at this point.

The electrolyte plant will be built, with sales and rental contracts presumably signed and the mini-grid up and running at Vametco, highlighting the rationale for energy self-generation in SA and enabling BE to take advantage of the recent law increasing SA's embedded generation threshold from 1MW to 100MW.

By this point, the company should be looking to list on the main market and pay a dividend, with the SP significantly north of where it is now.