RE: Podcast big batteries25 Oct 2022 20:52
Great share LS
BMN is cursed with geopolitical issues. I get annoyed at rampy "it's going to blow tomorrow" rubbish, but I know this is a great opportunity and I bought a lot higher than we are today.
I thing Fortune needs to stay and if he left I'd probably sell at a massive loss. He has proven time and time again to understand his market (Africa not just SA) and to be well connected to make business happen.
IPO for BE could bring a big fortune to BMN for a side of the business I was never really interested in (sorry I'm in mining).
We know they are relaxing self energy generation, in Q3 today they pointed to negotiations with locals authorities. In African terms it means we are bribing who needs to be bribed and making sure than a few get free electricity. This resolves one very big flaw with being in SA having to rely on Eskom for power.
I could write more. But I'd like to see more than pdub writing stuff worth reading. Sick of the ramp and deramp complete dump we get here.
Especially that it is an interesting company. That you hate it or love it, stope being a wombat and tell us why.