Member Info for Daisydog

But BMN down.......
The ONLY thing that matters to me personally is the SHARE PRICE. I cant buy a car on the fact that the NAV exceeds MCAP. Or on the fact that the PE ratio looks stupidly low. Or on the promise of growth tomorrow etc etc. To paraphrase...its the SHARE PRICE stupid! And for me and many others I suspect it's as simple as that. And that's why I'm tearing my hair out with frustration. Oct 2013 my first buy. And before anyone says you must be well up, I'm about even as I bought all the way up to 48p and don't trade. Fortune may well be building a billion dollar business but I'd like a return on my investment before I'm too old to enjoy it.

Hindsight is wonderful. Me too. Hoped that some of the news would truly transform the SP. Dividend. JSE listing. Mokopane. And BE. But nothing of substance. And once again the MMs play us after a great RNS . No move at all. I'm running out of time here.

My take on the RNS is that the accounts were very positive and emphasised the careful use of resources that we know FM excels at. I was also really pleased to see them focussing on an oft- neglected aspect: workforce well being. No fatalities and reductions in injury rates. As usual I'm extremely frustrated by the lack of any bounce after waiting patiently for another important piece of news..plus ca change......

Just looked and the SP is trading in a range of 13.75 to 14.25. .........wellI never. Couldn't be manipulated to stay within that could it?

What effect do you think IES SP rocketing will have on negotiating position pdub? I know it's a bit of a fire sale, but if I was negotiating on Enerox's behalf I'd be pointing to the value the market has attributed to IES on e its V supply was secured.

Knuttie.......think they might be reading this board as it's been taken down I believe.......

.... and another week drags by with our SP in this tightly controlled range. WTF is going on with it - they've almost flattened out any variation in it at all!!!!!!!!!!!!!!!!!!

You forgot to mention financial assistance / bail out by BMN VIP set up by Mojapelo and Nikomarov that made it all possible.

I'm assuming there's more science behind this comment than guesswork but really cannot see how you can surmise that! Please enlighten me.

Good luck Pdub.

Hi DL. What do you base that on? Just interested to understand the logic behind that prediction .

...we can and we will do something about the share price.... Well, we're all waiting expectantly. Come on Fortune!

...but another week slides by with no news on anything ....and even the BB is seeing a drop in posts... :-(

Well. I confess that I like conspiracy theory here to explain the poor SP. A number of things are nicely accounted for by this. I thought a seller was offloading and that this was being done in tandem with an aquiescent MM and any losses underwritten by a third party. Possibly to allow a cheap takeover. Having thought about it, Ophidians suggestion doesn't cut it for me. Its a bit tortuous. It would need a much longer timecourse - perhaps even years. I can't see it being possible to suppress the SP that long. It would be highly risky as a big order for VRFB might make the SP explode at any point. I think any nefarious dealings would have to be planned on a much shorter time course. BO remains the most likely for me but I accept we still arent seeing anyone building a stake here.

I would enjoy it more...if I thought that an update was likely to make mich difference to the SP. You cannot withhold market sensitive information. So if there was anything big to be disclosed it wouldn't be waiting for the timed update. So I cant see the operational update moving the SP up. But I do hope I'm wrong!

And the SP has fallen each day on the back of that rise. Unbelievable. I said a while ago that it seemed to me that the MMs allowed this a single day with a decent rise followed by a series of day with tiny but consistent markdowns. Certainly been the pattern again in the last week.

....groans.....!

Yes, thanks Lindon...I saw that one too. But we are over a month on with nothing. Are these timescales all in the normal workings of things as I had expected it all to be much quicker ( though I have no experience of corporate takeovers )

Can anyone with experience of corporate takeovers comment on the timescales for due diligence etc? The news of BMNs interest in Enerox was posted 12 November 2019. Seems to be rather slow ?

You'll get no considered dialogue here. If you aren't rabidly positive 100% of the time you get abuse . It's not a board to expect anything with reasoned explanations for why the SP continues to languish.

We've all had our views and there is clear evidence that it has been played. I am still in, not sold and not looking for a lower entry point (just to reassure our obese financier and 1 shy of a 100 Spaniard) But there are some inconvenient truths here - the lack of any share buying from Directors over many years, the complete dry up of news , the lack of concrete return from 100s of enquiries, the unbelievable inertia about joint listing and the continued silence on the DD on Enerox .

Before Pdub weighs in : Fortune and Mikhail have done amazingly well here up to now: repositioning an out of favour resource (iron ore) in favour of Vanadium, audacious reverse takeover of Lemur to access their cash pile and then the purchases of Vametco and Vanchem from distressed sellers at knockdown prices. So , I quite see that you could argue that unquestioning faith in continued management is justified. It's just that there are some disquieting aspects right now. As ever, one really good RNS with contract news would revitailise it all...

And before others say ...I was down 70 % earlier in this company's story , that was in a different world when there WAS very great risk that none of the above could be achieved and before Fortune and Mikhail positioned us as a profitable expanding long-term vanadium producer even if none of the BE /VRFB side comes to fruition. A position that ought to be valued much higher than we are.