Member Info for Daisan

Actually, I can see it on the London Stock Exchange but not in the news section. Curious.

This has nothing to do with ARS. They have not released an RNS. No RNS is available on the London Stock Exchange, Investegate, etc. It just appears to be on LSE for whatever reason so it may be an idea to retract these sentiments.

Clearly I am in the minority in thinking that FM is well rewarded through shares but that is fine. I do agree that, at this stage, I cannot see FM leaving. He clearly has a vision that and feels that BMN is currently the best place to achieve it.

Raffym, From a shareholder perspective I would rather FM's rewards be aligned with mine i.e. in shares rather than cash.

Well, let's remember that he has been well rewarded with his shares and currently sits on several million pounds worth. I am not saying that he doesn't deserve this and any shareholder will certainly be pleased with the appreciation in the share price and that his rewards are well aligned with the goals of shareholders, but let's not get carried away by his modest salary.

I think that buying such low quality stocks at such a time is a significant risk. If you think that gold is launching imminently into a very strong bull market (I think that it will but not quite yet) then you would probably be better off buying the higher quality gold stocks initially until the market is comfortable that it is not going to collapse. Then the explorers and lower quality stocks will subsequently outperform.

Well, I confess that I wasn't expecting this. If a company like Barrick Gold wanted to get involved, I would have expected it via a placing rather than in the market. Very strange. It will be intriguing to see how this develops.

The other noticeable thing is that it has become a 24 hour ramp fest! With operations of some sort on Australian, UK and Canadian markets, the globe is covered! A number of the stocks ramped will never make it into production I believe but they may well perform well even so given a sustained, high Vanadium price.

The number of tweets (and, indeed, bulletin board comments) is a fair indication of the popularity of a topic and it is noticeable how the vanadium hashtag has increased in popularity. A few months ago it would indicate 200ish tweets for the hashtag. A couple of weeks ago it was 500ish and now it is 900ish. It doesn't indicate a time frame (if somebody more knowledgeable than me could supply it would be much appreciated) but a look at the hashtag for lithium indicated 150 today. Worth keeping an eye on as this is a reasonable indicator of trends.

Strange comment.

Given the fact that 30p was such a significant milestone, the trading activity around it will be a battlefield with the price being dragged kicking and screaming higher. A piece of good news would support any rise, although good news in this market currently knocks share prices (bad news slaughters them).

Interesting to see that the US/European 'correction' is continuing but that the Chinese prices are stable/rising. This cannot continue. For non-Chinese prices to fall they will need a supply of product including from China. Chinese traders will not export if they see such a large disparity. This implies that this is a continued buyer's strike that will not sustain. There is a caveat to this - if there is a source of supply outside China. I don't believe that this is from production (we would have heard something) but it is possible that there could have been some stockpiling in the price run up (which would have exacerbated the increase) that is now being unwound. Whilst this is possible, it would appear unlikely as I would anticipate a different price response (stable prices in China and rising elsewhere until there was a stable equilibrium as the holder seeks to maximise profit). But even if it is the case, this can only last for a short while until the deficit reasserts itself. All things considered, I believe that the best explanation currently available is a buyer's strike, perhaps to test the market response as we get closer to implementation of the rebar standards, and that price appreciation will resume once it is over. Time will tell.

Whilst I understand that having a large number of shares makes Andrew Webley significant in terms of the potential direction of this share price, I don't think that he should be viewed as a particularly insightful investor. As far as I can see he is a web designer/developer and used to look after HL's web presence. A worthwhile job I believe but not likely to qualify you to provide investment leadership.

gkb47,

You are exhibiting signs of having a life outside of BMN. Stop it immediately!

P.S. I suggest having a look at the start of trading today which should give an indication that the overhang may have stopped being an overhang. Until the next overhang of course, but hopefully we will be at three times the price as this seems to be the history of said overhangs.

With only a brief scan of this presentation, the two things that stand out to me as being a deviation from previously are the highlighting of the Baroi region as a priority target and the emphasis on the magnetic anomaly beneath the existing drill zone at Beutong.

I have become more and more convinced that financing for the BKM project has proved problematic on favourable terms in this era of trade war rhetoric from the US. The copper price has resulted in a level that is below that used in the PEA and which is likely the same as that used in the BFS. As such, the attractiveness of the project is likely to be beefed up. Personally, I think that financing will remain problematic until such time as the political situation cools down and the price of copper warms up.

In the meantime they will look to discover whether Beutong can be converted into a Cascabel. If the anomaly proves to be a high grade extension deep underground then financing will become much less of a problem as we have seen with Cascabel and the majors will not just be circling but dipping their toes in. This one will take capital though as a drill capable of going 1-2km beneath surface is not owned by the company. They are not particularly cheap (look how much SolGold are spending on exploration).

I am delighted to see that Baroi is high up the agenda as I believe that this could prove to be an extremely profitable resource. But I have seen no indication that they have received a forestry permit on this yet. Given that they are gearing up to explore it, are we to assume that they have visibility of such a permit? If so, this is welcome news and I look forward to some very inspiring results.

As a further indication, HZM now down 30% since releasing their FS. It's a cruel market!

Hmmm. Not convinced Ophidian. That would make the buy/sell picture very lopsided and we haven't seen a price change that would reflect that. The share price would suggest a more reasonable balance before this trade. The simplest explanation is a chunk out of First Island's holding. Or whoever the seller du jour is.

Curious isn't it? Of course, the biggest factor missing here is volume. You sense that this is extremely low and reflects a few traders succumbing to a buyer's strike. I just don't buy that this is an accurate reflection of the current situation and find it highly improbable that China is going one way with price and the rest of the world another. At least, not for any sustained period. China is the dog here and the rest of the world the tail. The tail rarely wags the dog for long.

I was re-reading the recent interview with a ammonium metavanadate producer in China. His reading of the market is that it will stay strong for some considerable time but he does intimate that there will be increasing rule breaking in China should access to material not improve/prices soften. You have to believe that he is well positioned to make these comments. Given that his operation is running at 50% capacity as well, you wonder whether he is sub-consciously suggesting that he may be a part of this.

I think that we will have to agree to differ on this one Alfacomp. The price action for the last half hour suggests that there is still some to go. I also doubt that the MMs are likely to go long on much of anything with the markets currently experiencing uncertainty.

If the trade is misreported (and you would have to suspect that it was deliberate in this case) then this presumably is an attempt to stimulate demand to clear out the seller faster. If not then the seller should have a considerable number less to sell. Either way it is going in the right direction.

I would caution against thoughts that the seller is gone though. Alfacomp's calculations strike me as reasonable so there should still be a fair number remaining. Unless there is a surge in buying volume, it is unlikely that this will be completed this week unless our mystery buyer steps in to buy another significant chunk.