Member Info for faramog

I would disagree with that a little ... Orion get a share of revenue, but the company has to be around to make a revenue. Driving the convert price ever lower just dilutes everyone making the company less attractive.

And if the agreement (based in no small part on BNP's report) had a strike price of 6p, if that becomes continually open to change then it is a charter for malevolence in manipulation

I do hope Meyer is still invested .. he made a big deal of getting permission to put a chunk into BMN .... never hear from him any more .. been found out ?

Especially if, as hinted, CC is keen to retire down some of the CLN overhang .. that would move out the top end target prices

Wont matter if Cellcube is Nasdaq listed, moves his head office to the USA and sells to anywhere but Europe !

To be fair Squirty .. it is like any party conference .. they are all stuffed with talentless mediocrity and barely anyo of them have had a real job !

Actually.. telling us the deal is done before the end of November.... can only ratify after an SGM and that will takev3 weeks

So given the technical deadline is 21st Dec, my guess is by the week of the 20th Nov

That was good ... lots and lots of very positive and reassuringly stuff. One thing I picked up was the Orion deal needing various regulatory docs and approvals, not least shareholder. The timing of an SPG is normally circa 3 weeks I think. Given Tanya said the technical deadline is 21 Dec, that suggests the deal is aimed to be done and dusted by the end of Nov to allow time for the SGM (which the markets will see as a foregone conclusion). So my guess is somewhere around the week of the 20th Nov for the announcement

Also very clear emphasis that SPR are chomping at the bit and he expects that part of the deal (buying Vanchem) will be much much sooner .. that again will be a significant market positive (no one pays millions into a death-spiral with the inside info they have)

I said the other day I am not interested in FM v CC, but look to the future. There will be plenty wantlng to have a go at FM, but perhaps we should all just recognise we are here now, he had is day and well past his sell-by date and now we have some real mining operational competence at the helm.

Lets just focus on the future

Ah .. I thought you had gone .. was in Basel in July !

Any relation to "diamondlover" who last posted in May

Yup @uksteveg .. $45/$55 was the range FM & MN had long ago identified as the 'sweet spot' that was acceptable to steel and electrolyte manufacturers .... if CC manages to get the AI costs down close to $30, then a very very profitable business

Not picking a fight Pdub .. your comment rather ignored the precarious place FM left the scene and just how much and how fast CC has fixed some things and put others in fix... to rather suggest 'the jury is out' rather misses he has achieved more operationally in 3 months than FM has (arguably) achieved in 3 years.

I have said before I don't wish ill on FM, but it was my view last year he should have gone (as was it others) and it seems to be a mixture of the cliff edge approaching and the Chairman woke up and/or Orion saying his departure was a requirements. It is very easy to chuck rocks and yes he achieved much, but from an investor view has rather presided over a managed decline of shareholder value.

We repeatedly berated and called him out on clarity and comms. 18 months ago I was sent some detail on the strategic comms plan of which nothing happened.

In the end, the market lost faith and could not see him being a winner (Its a tough world in the big chair but he was well paid for it). As for Craig, everything I have read about the man seems to be right given his actions, delegation and clarity of thought... he smells like a winner and above everything, SPR & Orion will have wanted to see & feel that. We don't know for sure, but seems very probably that SPR was brought in by CC.

As for the deal details, I thought the RNS's gave the substantive parts we needed to know ?

Lets leave FM v CC to the filtered trolls. I frankly am only interested in the future

@Pdub "I have also said that I am waiting for resolution of Orion, SPR, MUST and BE before judging Craig’s performance"

Erm..... "Going Concern is dependent on the Orion deal" was what was said - I read that as 'no deal - bust !'.... what rather seems clear is that resolution could not realistically have occurred under FM - I am much impressed by what CC has achieved in 3 months. A whole raft of fairly basic things really with clearly site visits and reviews... you do wonder in FM ever left his office !

Interesting how lucid and detailed Tayna was as well - she was never allowed to say much (neither was any one else) with FM about

FM had a great vision, but it seems clear to me he left the company right on the edge. I don't however think there is much doubt the deal won't happen. Not only have SPR put in a load of working capital, but CC was talking about sequencing the deals and saw no reason the Vanchem and Mokopane sale would not be before the Orion part which would finalise the strike price for the $12.5m injection. The future value to both SPR and Orion is dependent on the deal - they make a lot of money in the years to come.

We also have Lemur disposal ($3-$5m maybe), the Cellcube (via Enerox share) on float (Q1 next year ? .. $150m+ giving us $30m+) .... Belco.. There should be some pre-prod (5-10k litre) sales from the 10 vendors any time and production sales Dec/Jan (from the timing he already gave).. although I would expect they wont be confirmed until after the Deal is signed

Certainly a tight spot, but not hard to see the picture vastly changing very fast

'RBC cuts Bushveld Minerals price target to 300"

what .. 3 quid ... erm ......mmmhhh

Something must be in the air ... the furry scrotes are back ... a veritable sea of green filter lines ... very artistic it is

And where will they get the vanadium ?

Exactly !

Interims were 13th Sept last year, 27th Sept the year before, 30th Sept the previous 2 years

So basically .. imminently !

Take a read of theOakBloak analysis of furesale value... rather above 6p a share

I would not bet that SPR & Orion would not seek to lower the 6p conversion price, but they have to balance that uncertainty with the long term gain they only get with survival

I rather suspect the deal is the deal and terms agreed subject to the due diligence requirements

In any case.. it is in no one's long term I tests for BMN to go under... but Tanya rather let it out the bag that the signatures won't be until close to the end of Nov deadline

So rather a lot depends on the Interims (due this or next week) with updated picture, and Q3 in Oct showing production improvements

I am sure Orion & SPR are already kept very much up to date, so providing they can see cost controls and optimisations gaining traction, why would they change anything...

You are nobody's friend... Just the latest in a long line of escaped village idiots

This has always been a very supportive board for folks in distress or death (our esteemed late fellow punter Corbin, Knuttie & Pdub and many more come to mind).

So let us all kneel down together .. and pray for AimWolf ...

"dearly beloved... we are gathered here together to laugh our socks off at the esteemed feckwit that has just infested us... we pray the entertainment continues ... amen"