Member Info for Colt45

Great work Lionel. Very much appreciated by myself and I hope by new investors.

Can’t even get a firm price on £10k’s worth this morning........ Colt 45

PS - the trades are not showing yet. Colt 45

I had a little top up of c1.6m shares between 16.00 and 16.30. Obviously someone is still selling as I really could not believe that I purchased the lot in 5 chunks. Delighted tho to get these at 12.75p ??????

Count me out also (not that I post very often anyway) Colt45

Hello HaleSpur - it would all depend on their reason for selling. OT is always looking at new investments in both the UK and SA and they will sell when they feel that they can get a better return elsewhere. Will I find out in advance? Probably not but as you say, I did not invest in BMN and ATM without doing my own research.
But to answer your question, if OT / YD sold tomorrow I would still add as I truly believe we are the start of a grid scale battery storage journey and BMN is extremely well positioned to benefit hugely from this technology.
Colt45

Hello guys - I do not know if they sold or transferred the shares but the message that I got is that OT / YD are still very positive on BMN & ATM.

Alfa - OT and YD are connected parties. Not aware of any connection to Cribb Construction. Why do you ask?

I can't answer or explain that Sanchez. We all know that GS are offloading and I just wanted to find out if they had a reason that I should be concerned about. I also got the impression that the GS investment in BMN was peanuts compared to their huge wealth.

Hello Lucan - apologies for the delayed response as I was doing real work all day yesterday with no access to my laptop.

The only reason that I can see for the price being held back is the off loading by Golden Summit. I did ask for the reason for the sale at what most of us believe to be a ridiculous low price and it I was told that it was just a wealthy family connection converting some stock assets to cash. Once they stop offloading then I think we will see the share price move north quite rapidly. I will have more funds available in about 6 weeks time and I will be adding significantly more BMN and ATM if the share prices are still at current levels.

I was also assured that OT and YD have no plans to sell BMN stock anytime soon as the huge upside potential is there for everyone to see. That response to my questions was / is good enough for me and I plan to stay here as this exciting business realises its full potential.

Colt45

Yes DBB, GS is the seller. They have made a decision to reduce their equity positions across a number of investments and nothing adverse with BMN has influenced their decision. They did look at off loading off market and may have done so with some of the shares. The rest are being sold on the open market and the main reason for the price being held back - supply equals demand at present. GS will eventually empty their locker and all things being equal, the price should move northwards. colt45

I also helped myself to another chunk of ATM today . Another African business that I believe offers huge potential for growth and supported by BMN in more ways that one. Colt45

Always watching Jamiejojo and taking advantage of any price drops.

the 500k trade @13.31 was a purchase by me although showing as a sell. Colt 45

When analysing business financials, most businesses compare current figures with previous year figures. This gives you a reasonable answer as to how your business is performing. However, if you have abnormal occurrences or costs during a reporting period, it is normal to strip this out and report a maintainable EBITDA. This is how you are really performing.
BMN produced 1649 mtv during the H1 period, an increase of 18% on the previous year. They state that they lost 380 mtv due to the Covid shutdown. If you add this back to actual production then the increase in productivity compared to the H1 2019 is 45%! That is how I measure performance and progression. Also, remember that they used the shutdown to complete essential maintenance so if we assume no further Covid shutdowns then H2 should be very strong indeed. Very pleased indeed with the results. I would be very surprised if we do not see a re-rating very soon. Colt45

If anyone on this board thought for one minute that Covid would not have an impact on BMN then I would say that business investment is not for you. In my opinion, it was the H2 update that was holding the share price back but I must say I am very pleased with the results and how BMN performed during unprecedented times. I am now more confident than ever and very pleased that I added 625k shares yesterday in three tranches. Colt45

Email sent

The 369,275 buy was me. I was really surprised that I got my £53k purchase in one block. I really cannot believe that we can still pick up these shares at c14p. Holding just over 5.2m of these beauties and after receiving confirmation that OT and YD are both holding strong I have no intention of selling anytime soon.

I do think that the price is being held back pending the H2 trading update - I will be very surprised if the covid situation did not impact on production / sales. I know they used the shutdown to pull forward maintenance but we will not see the benefits of this until Q3/4. Just my opinion and would love to be proved wrong.

Colt45

I did not expect my 390k purchase to go through in one block but the 500k sale one minute before explains it now. I really do not understand why such large chunks of shares are being off loaded at present with this company having so much positive potential. OT & YD are still both very positive on BMN and that is good enough for me. Colt45

Good stuff Rob. Just added another £45k also. Colt45

Good morning all - I have just helped myself to another 212,783 shares for £25k! I never though I would see these prices again but I plan to take full advantage. The market is very tight indeed - it took me 6 trades to get these shares at firm quotes. I even had to drop to £1k (8,129 shares) to get a firm quote at one stage. More funds arriving early next week and I intend to continue buying shares in this company at this ridiculous level. Colt45