Member Info for cindercone

Would be tough, you've cornered the market.

35 actually. And don't patronise people, the days of Alfacomp ruling the board are over.

What's the point in moaning about shorting? You're not going to stop it and neither are the FCA because they're clearly in the investment firms' back pocket. The entire financial services industry is corrupt, in case you hadn't noticed. The only thing that stops shorting is serious positive news flow of the kind that generates income, not empty promises. None of us have control over news flow, we don't work for BMN.

The only way an investor wins is to buy in very early to great company that realises it's strategy and potential. BMN is slowly doing that, but nothing is guaranteed. Hold, buy or sell, your choice - don't listen to rampers, don't be deflected by derampers.

BMN has 24 months to deliver on everything it said it would. According to the AGM, approval of the directors' remuneration was a close run thing, demonstrating that shareholders are running out of patience. I'm sure they're well aware of that. Deliver or goodbye - someone else can take their job and try and make a proper fist of running the company.

Hopefully that won't be necessary, but people should not be paid a fortune for delivering nothing to investors.

Pdub, apologies if that's how you interpreted my post. When I said 'some people', I wasn't actually referring to you although I can understand why you assumed I might be. I do wish you all the very best in your ongoing cancer battle and will try to be more careful with my wording should I post again.

I'm still of the opinion a major II is selling huge amounts daily and there will be a re-rate when they're gone. Unfortunately, I suspect a lot of PIs have also got fed up and left, exacerbating the drop.

It's also my opinion they'll all be back, making this a bargain entry point whatever way you look at it.

Who on earth could you be referring to Aisee?

Was nice to see BMN responding to my critique of their operations in an email sent to me late last week. I won't divulge the details, but their in-depth explanation went further than I would have expected, giving me confidence in their approach to shareholder communications.

Ultimately, actions speak louder than words of course, but I was heartened by the interaction.

Bigc**t more like.

"The likes of PDUB do not to deserve to be personally attacked and insulted"

I can't think of a single post where Pdub has been attacked and insulted. The reason that he and Alfacomp are supposedly leaving is because they are frustrated at being unable to control the narrative in a certain direction. Personally, I have a lot of time for Pbub and enjoy his posts, but it's a public forum and people should be able to post whatever they want, whether you like it or not. If you don't like what someone posts, there is a filter button that works very well.

Some people need to grow up. BBN is perfectly happy to post here and continues to offer his invaluable knowledge. He doesn't tell anyone what to post, he accepts criticism of the company and doesn't try to influence opinion. Be like him.

I really want to know what Nikomarov does. To say Bushveld Energy is not factored into the share price is ridiculous. How many would be invested in BMN if BE did not exist, if there was no such thing as vertical integration, if the whole renewables tie up was not a major factor in terms of future potential?

BE might not make a penny but definitely holds hefty weight in the SP and to say otherwise would be completely misleading.

Shareholders need to be far more demanding here. When a company is running at a loss or has not even begun to show concrete steps towards financial independence, staff are usually paid a pittance, not $100,000+. We should all be writing to the company to demand information on Nikomarov's role - his plans and progress for BE. Otherwise, at the next AGM he has to go.

I'm not invested in BMN to sit in admiration of Fortune Mojapelo or Mikhail Nikomarov, I'm in it to make money. I'll kiss their arse when they give me a return that warrants them having their arse kissed.

They're overpaid in my book, while the vast majority of shareholders that have bought into their strategic plans are getting caned. They no longer have my goodwill because their complete disinterest in providing news flow that might improve sentiment has shown blatant disregard to shareholders.

Quite simply, they need to start delivering or should be held to account.

It's not an excellent RNS, it's just not a bad one. Hopefully the company has learnt its lesson and will consider shareholder sentiment when releasing information in future.

Now that production has stabilised we should focus on BE and what Mikhail Nikomarov is doing exactly to earn his salary.

How right you are Lindon. Just filter and you never have to read them again, not exactly difficult is it? The reason people don't filter is because they want control over the entire narrative and are patronising enough to think other people can't spot BS when it's in front of their nose.

Anyway, nice to see a rise today - another bad RNS and I probably would have sold.

Can someone tell me how Mikhail Nikomarov earns his salary? What milestones has he hit that warrant a six-figure sum? Too many AIM companies are run by very well-paid yet unaccountable individuals, and with a very strong retail base maybe it's about time shareholders began to exercise their voice rather than merely accepting silence.

It's criminal that the BE story is one we have to piece together ourselves from great minds like BBN rather than BE's own invisible CEO. His lack of visibility is a big part of the poor sentiment we recognise today.

According to BMN's own corporate governance principles the company is not meeting shareholder expectations in terms of "providing effective communication with shareholders" and "communicating the Bushveld Minerals value proposition to both institutional and private investors, as well as the broader market."

Running a public company comes with responsibilities to shareholders and Nikomarov is clearly not fulfilling his. Maybe an ordinary resolution needs to be raised under which shareholders can serve notice on the company to remove him as director, upon which he will have an opportunity to state his case against removal.

You're wasting your breath. The company doesn't care what you have to say and doesn't care about the share price. They're all very well paid and get their shares for free.

Actions speak louder than words and BMN has 24 months to deliver. If they don't, it's game over. They'll be wealthy, you'll have lost a fortune (no pun intended). So we wait... either you believe or your don't. At the moment, not too many believe and BMN is not interested in PR to make anyone believe.

Alfacomp

@Pdub - FM receives sizeable three figure remuneration. If the company underperforms he still gets handsomely paid while our investment gets trashed. Therefore, unlike many of us, I doubt he loses much sleep at night when it comes to the value of his shareholding.

@Pdub - I more than anyone have fought for transparency and the right for people to express their opinions. If I question people's motives I'll typically give an explanation as to why, so I reject your hypothesis that I need to "grow up", have a "chip on my shoulder" or that I'm not a genuine investor, which all sound like personal attacks to me.

Either way, hope you're doing well.

There is understandable concern at the SP and company performance. This is manifested in numerous ways: frustration, attacks on the company and attacks on those who have sought to control the narrative and deemed responsible for ramping the share. However, responsibility always lies with the shareholder and the shareholder alone.

I'm less offended by those demonstrating their frustration, what I find most offensive is those who are emotionally invested in BMN - or just plain devious - trying to leverage their reputation to distort the picture. To hang on their every word and make investment decision based on their ramblings is dangerous and the current SP proves it.

That's why you simply cannot trust anything that anyone posts and have to stand on your own two feet as a shareholder. Even BBN's Twitter post this morning made me wonder about his motives. He stated "So the market won't assign any value to the Enerox deal when it was achieved but the moment that it has a problem it wipes 10% off the valuation. Utter nonsense so recovery is to be expected."

Unfortunately, it's not nonsense. The "market" is shareholders like you and I. Brokers/MMs might not ascribe financial value to BE, but shareholders ascribe it potential value as part of their investment thesis, hence the drop.

"Not for home testing? WTF? Can these idiots get anything right?"

F**k me. This pretty much tells you everything you need to know about a large proportion of the morons trading this. They evidently do zero research whatsoever.