Member Info for cindercone

What a sorry state to see BBN trying to rescue his investment by blaming "shorters" for the SP drop. Maybe he should admit to himself that the battery story is dead, just like it died at BMN where he was the company's most foremost supporter before silently bailing out when the sh*t hit the fan.

If IE can't make a profit at these V prices, what hope? Bushveld Energy didn't sell a single barrel of electrolyte. Now the CEO has been sacked and the $10m BELCO plant will be written off because nobody will want it.

Only China is adopting VRFBs and they don't need to import vanadium because the property market is f*ucked and might not recover for decades. Invinity won't fundraise? What a naive startement. The CEO ran out of energy at the grand old age of 63 and the company is haemorrhaging cash.

This is nothing but a punt and not a good one.

Obviously it's good that the company has been saved, but BMN is no longer an attractive investment. The profit generating potential has been halved by the sale of Vanchem and there's no bonus profits due to the demise of BELCO.

New rebar regs might help push the price into a profitable space, but it's not going to have the same effect as 2018 because demand is significantly weaker. The only real reason to hold long-term is if predictions of vast amounts of vanadium being required for future VRFB uptake come true, even then this will be partially offset by the collapse of China's property market, which is unlikely to recover for a decade.

BMN is a stock to keep an eye on but not invest in. It's not even out of the woods concerning it's ability to continue as a going concern. At best, it's now a very boring business that will be clearing debt for years.

Dunno, didn't bother reading it. I just thought, here's that prat again typing garbage - why doesn't he do something useful with his life.

What a sad, lonely old man.

@wyndrum

stop wasting your retirement. find something more productive to do with your time instead of boring the **** off everybody on this chat forum. your opinions are not insightful, you are not important - show some self-awareness.

My main point was not to compare BMN and ATM as businesses - ATM 'appears' better run, it's more to ask why shareholders allow CEOs to take home such enormous salaries while shouldering all of the risk.

I questioned Fortune Mojapelo's outrageous salary years ago and was laughed out the room - until his amateur management sunk the company. I wonder if he'd have been so reckless if his salary was linked to performance and on a 10th of the pay.

I simply suggest ATM shareholders not make the same mistake in respect of AV's remuneration.

Why is Anthony Viljoen on a £360k salary when he's delivered nothing? This has a strong whiff of Fortune Mojapelo/BMN, where investors lose the lot while the CEO is set up for life on empty promises.

apparently, tom has a new book out "trading for ****w*ts"

Big Al never would have done this.

Wyndrum - the Walter Mitty of investing - the archetypal pub bore. Telling us fantastical stories about how he travelled the world, when he never left Pitsea in Basildon.

Personally, I never considered the stock might go down - I thought it would go up forever. I therefore have to sincerely thank those enlightened posters who have enabled me to consider that a stock might go down as well as up.

I'm guessing that's why they're so wealthy and I'm not - and why they feel privileged enough to say the same thing every single day, yet disappear for a month whenever they're wrong.

"Love it…. Why is everyone so deadly defensive and aggressive…"

Because you come along after 2 posts asking serious investors stupid questions. And maybe because we can smell a deviant with multiple accounts a mile off.

What does it matter? If you understand anything about the potential, you hold until the takeover. If you want to trade, more fool you - go ask someone else who doesn't have a clue.

What makes people think anyone is remotely interested in their completely unverifiable sells/buys?

Of course you did (yawnnnnn)

"In an interview, RSI creator Welles Wilder Jr. was asked how he lost his money. His wife interjected: “He lost it trading”."

No, but I need one after some of my investments.

"Where do you guys get the stamina to constantly bicker? You see it on so many BB’s"

Ego and insecurity. Ego because they're so self-absorbed they actually think that what they say deserves be listened to, and insecurity because they fear loss of control/dignity when discussing in a public environment.

The reality is that no one cares what they think and nothing they propose will make the slightest bit of difference in changing the mind of investors. Unfortunately, they don't have the self-awareness to recognise that.

@Thornogson

Close the short you idiot.

I don't see any genuine recovery on the horizon - everything that made BMN attractive has disappeared. The battery side is dead, half the business has now been sold, and there are no assets left to clear the substantial levels of debt still hanging over BMN's head.

Even the £10m BELCO plant is value-less - customers took a look and not a single one wants any electrolyte. Why on earth are they still paying that clown Nikomarov £100k a year - why hasn't he been sacked?

Now that BMN has been saved I could buy back at what is still a paltry low price, but even in BMN's simplified, boring form there is no V recovery on the horizon. The Chinese property market is in ruins and probably won't recover for 5-10 years.

Neither would I trust the BMN board after the shambolic last six months of will they/won't they debt repayments. Farcical insider trading going on this week IMO - the very worst of AIM. FCA should investigate, if anyone cares enough to tell them.