RE: Support your investment22 Mar 2021 18:27
For the record, the reason I stopped posting is because Alfacomp and his acolytes have turned the board into a manipulated echo chamber that offers virtually nothing worth reading anymore. I found my BMN home on Twitter, where investors speak freely and provide balanced dialogue that enables educated decision-making.
Personally, I believe BMN will come good and I'm very reticent to criticise the company despite the palpable frustration that is evidently on show. The ludicrous valuation of FAR has further destroyed sentiment, but let’s not forget that only a few months ago BMN climbed from 10p to 24p on zero news, so we can hardly complain.
The chief culprit behind the stagnant SP is bad deals to money lenders (let’s not call them investors) who sold out as soon as they were in profit, and poor PR. The former, in particular, has cursed BMN for two years.
Nobody said making money was easy, but boy do BMN making it hard for investors to stick around with their lengthy silences and partiality for making their own investors join all the dots. A video every now and then preaching to the converted on some lame platform that a few hundred people watch is hardly likely to shift perceptions, so if anyone is to blame for poor sentiment it’s BMN. They hold the keys, but seem incapable of unlocking information in a way that’s simple, digestible and investable.
Still, it is what it is and we have to hope that the story will sell itself. With the current activity pipeline, we'll know in 24 months whether BMN/BE is able to achieve their ambitions and nothing anyone says on here will have any impact on that. As long as the company makes a good job of rebranding and positioning itself in the firing line of the renewable investment sector, every fund and his dog will want in.
Everything Mojapelo tells us indicates that that is the plan and he typically delivers on his plans even if he’s not very good at delivering the message. The most recent interview seemed to coincide with FAR’s enormous re-evaluation. To me, there’s no doubt that video was a response showing FM’s sensitivity to shareholder frustration. He seemed far more straightforward and bullish in that interview, so maybe FAR did us a favour.
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