Member Info for Daisan

So the requisitioners hold 13.28%. I presume there are allies with non-notifiable positions as well. It could be interesting. I would expect a lot of volatility between now and the vote!

iaintgotaclu,

Thanks for the offer but I don't tend to join Twitter groups. Nothing against them as I am sure that they are useful but I tend to think that standing outside of these things prevents me from becoming too biased towards any one company.

Well, if you are trading this you are buying and selling which is neutral to the price.

I think that St0wski went on record as saying his main holding remains whilst he trades a pot rather than trading in and out of BMN completely.

Ah, thanks for that and apologies for not digging in more detail.

From that list I see about 7% shareholding. Where does the 18% come from? The latter would be significant as it almost offsets the 22% held by directors.

Not sure I agree entirely with that although it is quite difficult to tell with all of the obfuscation going on. I do believe that we have yet to have all of the trades published and I am expecting at least one decent buy to come through. What is clear is that trading is relatively quiet so a balance one way or the other will have more of an impact on the share price.

Do we know who the proposed new board are at this time? I confess that I think the chances of success are low given the history of support from friends of the BoDs but it would be interesting to know more about the 'rebel band' to assess their chances more accurately.

Binary call this one. If the challenge looks credible then this stands a decent chance of a good run up. The safest option would be to sell on a spike in the run up to the vote and not hang around for the vote itself.

knuttie,

I switched to the beta site this morning. It seems to be working a lot better and the poor performance of the old site may indicate that they are about to go live with the beta.

I notice that our 30k/50k seller has been active again today. We seem to have picked up 100k one as well. Volume is lower so these trades tend to have more of an impact.

I believe that the fund has an obligation to manage the premium/discount to net assets. When it goes to a premium it will issue more shares and invest those in the assets it holds. When the discount becomes too large it sells some of the assets and uses the proceeds to buy back the shares in itself, thus creating demand, increasing the share price and reducing the discount. When it rises to a premium it issues shares and uses these to buy the underlying assets but increases the shares in circulation that were bought at a premium to assets which reduces the premium but also stimulates selling.

In many instances where share prices have turned from negative to positive I would defy anyone to put their finger on exactly what the cause was. I agree that Vanadium prices are very significant (and to my mind BMN benefits more from a higher Vanadium price than a lower one, irrespective of BE) but who knows if it requires WAY higher prices? I suspect that a combination of news together with stable Vanadium prices will positively affect sentiment which is the driver of price.

I don't believe so as last quarter showed that SHG are able and willing to rollover their hedge position so that they can benefit from a stronger gold price in the short term. I suspect that it is more to do with the Tanzanian position (although ACA is rising more than SHG which is surprising considering they are the focus of the issue - takeover related?) and the fact that almost $10m of debt repayment is due this quarter. I suspect that payment of this will help the market breath a sigh of relief although the VAT situation is the thing that really requires sorting out.

Strange little spike up and down. Might have taken the opportunity to shift another 250k (they certainly look like sells to me). Considering the price action today it would seem that we have some unpublished trades (shock!).

It looks like this may be the final nudge required to get it over 2p. Get over that resistance and I can see it spiking quite quickly up to 2.5p or 3p before a retrace. If gold helps out more then it could go higher in the short term. Longer term this looks like a solid prospect with the spice of Salinbas to add in should it prove to be what we all hope that it will.

I think that is about as rosy a view as you can take on that news. When I read it this morning before the markets I thought that it was very likely that IRON would tank on the back of that. Unsurprisingly, it has.

Interesting that the market has accommodated these buys so easily.

biganuf,

This is an amazing change of policy. I find it hard to believe that China are wholesale changing from EV to Hydrogen fuel cell. I can more imagine that they are hedging their bets. Whatever the case it has got to be considered as an extremely influential shift considering China's adoption of EVs

An intriguing situation this. You would expect anyone trying to oust the incumbents (and in my opinion this would be to the benefit of the company and shareholders) to go to the market and buy as many shares as possible to support their position. However, this is highly illiquid and investors are not completely stupid so will compete for shares. As such, if they really try to grab a decent stake this will likely increase the share price a great deal and result in significant expense.

The problem is that the chance of success is slim given the support the BoDs are likely to be able to muster. As such, the money they will need to expend is likely to result in them having a decent holding in a company where nothing has changed (see CGNR as an example) and, should this prove to be the case, a sizeable loss should they seek to recover their money.

I can't see this attempt to seize control working to be honest unless the provocateurs are willing to force the share price much higher in acquiring a sizable stake (can they get enough?). I doubt that they will be willing to do this so the likelihood of failure is great and the share price will probably resume its lazy downwards trend (once again, see CGNR).

That we have the usual morning price action. It is getting quite tiresome now and would be good if we could have a little variation. Perhaps a nice sine wave for a change. I have always loved the Mandlebrot Set but can't quite see how we could get that in there.

Slammed immediately this morning. Let's see whether the recent trend reverses this and more as the day progresses.