Member Info for Daisan

I thought, since BMN is traded in the US frequently if in small volumes, I would check out the OTC market occasionally. On Friday it looks like there was a total of 12,999 shares traded (around �3000 worth). Interestingly, the last trade (at 3:16pm or 8:16pm our time) was at $0.34 or 25.12p, which I think is the highest paid.

Apart from the obvious huge risk of stock market collapse, geopolitical risk, execution risk, the problem with going 'all in' in this way is that the pressure rises enormously. If you invest what you can afford to lose then a drop of 20% or more (very normal on AIM stocks) is relatively easy to accommodate. When you have everything on it (or even leverage beyond that heaven help us) then such a drop becomes almost intolerable. This may lead you to sell as a result of this pressure at the worst time. As a result, even if the company is ultimately massively successful, the sheer pressure that you have piled on yourself may lead you to miss out.

The other thing that should be considered is that, if Mokopane is going to be supplying ore, presumably crushed and separated, then the bottlenecks are likely to be cheaply overcome. This would mean that volumes do not necessarily have to be limited to the PFS. The Mokopane resource is capable of providing many years production at a much higher rate of depletion.

Vanchem acquisition would have a multiple "whammy' effect from my perspective. Most obviously, it would be purchasing brownfield assets at a fraction of their replacement cost. It would be a gateway for turning Mokopane from an interesting, but relatively unvalued, asset into a valuable, producing proposition. It would easily double production within a short time frame. It would be received far more favourably by the market as Vametco has proven that the acquisition of a brownfield asset is a value adding proposition. I would expect any announcement of acquisition of Vanchem and utilisation of Mokopane to be greeted with a certain amount of euphoria by the market. After all, a producing Mokopane has an attributable NPV greater than Vametco.

Who knows? Presumably in response to something (although last time the 'press speculation' was pretty difficult to find, even though it turned up eventually).

You've got to admire his approach. And quoting Castro at the end is sublime. The whole board is so incredibly bullish and you get the impression it is not just a front. They are certainly not lacking in credibility even if Chaarat is a relative unknown.

The problem is that you can drive yourself nuts if you believe that nefarious forces are manipulating a market. Eventually manipulation against economic momentum, if it exists, will lose and the rise will be even more spectacular. So in actuality you should be thanking them for the opportunity to buy $4729 of assets at the price of $1300. Very civic minded of them! :-)

I sincerely doubt it. It doesn't take much buying to move small, illiquid stocks. And some buying tends to attract the attention of the momentum traders who are looking for their 10% which can cause a spike. All pretty normal.

I am expecting a raise to go to full production but the pilot could potentially shift the share price such that dilution will be at higher levels. No matter. Either way I win for the stake I already have or I win from the stake that I might build!

Endion, The two trades are done at the low end of the spread (the bid) to ensure the maximum number of shares. Hence, they show as sells.

A classic tree shake - drop the price but don't allow any buying. This is the biggest giveaway that it is just a hunt for shares. If it was on the back of selling then it would be easy to buy.

You're a star pablo2. Thank you.

For clarity, I personally do believe that there is a real potential for a district wide copper deposit at Beruang. I also believe that BKW has the potential to be a much larger version of BKZ (i.e. polymetallic deposit with underlying copper mineralisation). If you look at the copper and zinc imagery, BKM shows strong copper but no zinc. BKZ shows strong zinc and some copper. BKW shows strong both over a larger area. BKS looks like a slightly bigger BKZ for polymetallic minerlisation but much stronger for copper. It would appear that they can pretty much drill anywhere in the entire area and hit something.

According to Google there was a transaction at 11:02 priced at 23.3p. The only issue was it was posted when the time was 11:00! Crystal balls.....

That's what it is for! No point in being the richest man in the graveyard. Have a great holiday!

I'm really disappointed with it to be honest. It never got down to my buy price (I was fairly convinced that the market would let this drop to cash valuation). It nearly did but I got greedy on the buy and, hence, missed the opportunity! I know that this still has potential even so so am reconsidering an entry price (I don't suppose anyone wants to dump theirs to bring it down to cash level?)

The potential certainly exists and it is certainly worth speculating about (after all, that is part of the fun!) but we are short of proof at the moment. Even the connection between BKM and BKZ (less than 800m apart) has been suggested rather than proven. However, if you look at the copper imagery and consider this sort of press release: http://www.asiametresources.com/s/PressReleases.asp?ReportID=797287&_Type=Press-Releases&_Title=Asiamet-Discovers-High-Grade-Copper-Mineralisation-at-BKW-Prospect It does make you think that a district wide mineralisation is indeed possible, in which case this will be much bigger than Beutong with higher grades. In addition, if you look at the zinc imagery for BKW it also looks very impressive. In fact, apart from access, BKW looks far better than BKM. I would like to see some drilling with a TD of 600m around this whole area as there may well be a whale of an ore body beneath all this stuff. But the company's approach is currently the correct one - focus on the smaller, low hanging fruit before tackling the behemoths.

This has been mentioned previously as a concern for VRFB adoption. Whilst leasing can offset Vanadium price rises to some extent, there is no doubt that the volatility of the price and potential for significant appreciation will potentially rent the growth of VRFBs. However, in terms of niobium usage, this clearly isn't as simple as replace X with Y as it requires some plant changes. I believe that FM suggested sustained prices above $100/kg would be an issue so we are not quite there yet and this figure, given the nature of Vanadium trading, would present substantial resistance. I keep coming back to Fangchenggang. This is specifically focused on VRFBs and has an ultimate annual production capacity utilising 250k tonnes of Vanadium. This is 3 times the current global production of Vanadium. Considering that China have specified (dictated) VRFB adoption and China is the largest producer, you would think that there is some method to this madness. I stand by my assertion that VRFB consumption of Vanadium will be a lot higher than anticipated and I think that it will take a sustained price spike (oxymoron?) to derail this. That said, I would rather not test the commitment to VRFBs too greatly with massive price rises, even though this would be of significant benefit to BMN in the short to medium term.

Now that we are significantly cash generative and do not currently require capital, I tend to think that the ultimate destination is unchanged despite these activities. It's just the journey that is different. There will always be some people that sell and there will always be those that buy. The mix will lead to the same destination.

Unfortunately I can't read that pablo2 as apparently I have had my one free article this week (who knew?). Any chance of posting?