RE: Brilliant Management28 Jul 2022 13:08
I don't think its harsh. It just answer the points.
Look, I'm underwater by quite chunk. But lobbing out statements that are untrue is not on. Everything I said there was the truth. It's not like I bought at 1p and am still happily sat on a profit.
AIM investing sucks and you have to be able to turn off from the manipulation. This is a turnaround company and one that has changed from being a Junior Miner to something far more.
Maybe my outlook is different. I'm looking for a return, but having started and run a couple of businesses abroad I appreciate the differences of running businesses outside the uk and understand that nothing ever goes to plan. My current one has been going to 12 years and there have been many ups and downs, almost running out of cash, having to do projects just to keep the lights on even though they are only just profitable...
People don't understand that its not just digging out product and selling. There is politics, localised issues, Floods, power cuts...
I'm not saying even cut them some slack, I'm just saying that the reality of investing is accepting the ups and downs and understanding what you have invested in. I know people need money now, but investing doesn't work to our timetable - it's event driven and some of those cannot be made to happen quicker than they do. What i'm saying is, there has to be a reasonable expectation of return. Many would say thats overdue and that may well be so. However, looking at how the company is now structured and run, it's heading in the right direction and patience, yes more!, is required.
If you know what you're invested in, a year or so at below value SP is not really an issue. If you're in a rush for your money, then maybe it is.
What everyone has to understand is that it will get there when it does. And if you can hang in there, the benefit will drop your way.
BMN need to learn to push the sucesses instead of highlighting the down sides in RNS's that people read the first half page and then sign it off as a crap update.
As with everything in investing, there is always risk. Take it or don't.
****ging off the company and management is not the way to go...you just damage your own investment. There are plenty of investments have not worked out. I sell up, accept the mistake and move on. If i'm not confident in management, I do the same. You can only go on information that we have, but some choose to twist that or use past information to suit their narrative. Well, anyone who invests or sells based on these people are fools.
If you don't like it, sell. Stop moaning. The way people are talking, the company is a failure and thats totally untrue.