Member Info for Fyoz

another 176253 for me, not quite as cheap as SelfishMc, that was a bargain

Sorry if this ruffles feathers but a hostile takeover could probably be resisted, or at least fought against for long enough to raise the SP significantly. A corrupt SA government is the biggest risk to BMN. Eskom is a state run utility company. What is to stop the SA government deciding that in order to secure the supply of vanadium for it's storage battery programme, they decide to take ownership of BMN as well, especially while the MC is so low?

OK shoot the messenger, but anyone who hasn't harboured those thoughts may be a little naive. For the record, I am a LTH (over 4 years now) and would dread the prospect, but it has to be recognised as a possible threat (however unlikely)

No, I thought it was a 2nd MMU at CEPSA. One MMU would take almost 6 months continuous operation to provide enough fuel for the trial burn

In my opinion the tie-in's at the refinery would be for a bespoke MSAR manufacturing unit, (equivalent to many MMU's) of sufficient output to supply all the boilers at the power plant

And why did they go to the trouble of the tie-in's if they 'weren't interested'?

I doubt he'll reply. Eran Zucker from Peterhouse is handling shareholder communications now, you may eventually get a reply from him, some other posters on here have received emails from him

I don't think the company ever said there was a MMU being commissioned in KSA. I think the contract that we were expecting to be signed last Xmas was for the 'fast track' option, pushed forward by QFI. Whereby the MSAR fuel would be produced at CEPSA and shipped to the power station for the trial. That fast track option stalled due to the dispute, (which is apparently now resolved), and is probably not recoverable now. However, the main project was intended to have MSAR produced 'in Kingdom' and we know from RNS's that tie-in's have been installed at a refinery, and that project (until we hear differently) is not dead

Please explain why you think the Saudi's are not interested in saving $1 billion per annum?

foxm<br /><br />With respect, you don't know that it's 'dead in the water'<br /><br />From the latest RNS:-<br /><br />'Quadrise will continue to pursue opportunities in the KSA, the world's largest market for the consumption of heavy fuel oil for power generation, and ensure that it is engaged at the appropriate level with parties who appreciate the economic and environmental benefits arising from adoption of MSAR® within the KSA'<br /><br />We all choose what we believe. Until the company say differently, I believe that KSA is still a possibility, maybe not probable, but not defunct either

'It is worth noting that SEC’s profits dropped 91.2% to SAE 633 million in the first half of 2018, from SAR 7.17 billion in H1-17.'

Anyone know how they can cut their overheads to help with profitability?

"1 drill and over 6 promised, H2 2018 a complete bust."

Err what about the 2 months in H2 remaining?

Dav3J

Very glad to hear you've salvaged something from the TRK wreckage. Lost about 70% of my investment in Torotak over 12 years or so, with BMN I'm 350% up, what a great investment this has been. Cheers . . .

Dav3J & Clones

I put that post on the Torotrak iii site, I'm so glad at least 2 unfortunates found BMN through it, and hopefully you can both recover your losses here

GLA holders

EternityGas

Anyone thinking that BMN is going to be an acquisition target should want the SP as high as possible. Paying reasonable dividends will do that and prevent a low predatory bid succeeding

or starts paying dividends . . .

Fracking for shale gas can go ahead for the first time in UK since it was linked with earthquakes in 2011.

Cuadrilla has drilled two wells at its Preston New Road site in Lancashire after being given the go-ahead to extract shale gas by the government.

https://www.bbc.com/news/uk-england-lancashire-45833774

3tl

at least we're immune to the global downturn while we're locked in

'every cloud' and all that . . .

Indeed, if it was a new improved process Fluor would buy it out, patent it or own the IP, and then generate business by being the sole supplier of the tech, or licencing it to other EPC's for royalties. Every EPC craves a process it can monopolise, so the fact they haven't says it all really

I'll have a large one, or should that be a long one . . .

RBD is a different oil play. Being run by 2 ex M&G Investments managers, and M&G have just cornerstoned a recent placing. Worth a look in my opinion (I own RBD shares)

thanks te1970

Wonder if this is the same buyer as the other week?