It has been a tough hold but surely the last two pieces of news mean the company is moving forward with big plans. If they were in a death spiral then they wouldn’t be looking 5 years ahead. Unfortunately investing against the tide is a tough game. I’ve had to change tact and look at bashed shares like this when I invest. It might mean I lose my hat on a few but hopefully the upside on the others will make me better off!
Alfred broken record for years? Take it you had another account or two that were banned, after all you only have 117 posts. Very transparent but carry on as I like the entertainment and games that we will play.
interesting - wonder how costs and chemistry compare to VRFB's.
The liquid metal battery is comprised of a liquid calcium alloy anode, a molten salt electrolyte and a cathode comprised of solid particles of antimony, enabling the use of low-cost materials and a low number of steps in the cell assembly process.
Hadn't realised Pat Frampton passed away. Along with Dolly who would have been an important cog with Eskom negotiations, BMN did get hit hard. Nice post to explain why it took so long for one project. Hopefully the landscape is changing for the better now.
I think they were looking at funding pre-COVID then lost two years because of the uncertainty and with bigger problems for financing expansion and cover losses. It has taken longer than most of us have liked but its complete now and here we go.
Good RNS to outline costs needed for growth to maximise output. I wonder with inflation in the last 8 years how much a greenfield mine would cost to build now. Certainly would be a couple of hundred million more than the last PFS for Mokopane. Refreshing to know BMN do not intend a raise anytime soon for this and if they can get that 500mtV run rate I’m sure both plants will be profitable at current V prices. Hopefully very profitable if USA prices from Fastmarkets are achieved.
I’m pretty calm here after watching the markets unfold recently. Like many other majority of my pf is here and I’m resisting buying anymore here after a purchase at 9.4p. Only because I’m heavy here and there are larger companies that have dropped nearly 30 percent yesterday that will be bouncing quicker due to having a bigger ‘herd’ etc Majority of investors not invested in big oilers will be feeling the pinch so don’t be too hard on yourself. If you want to read about people and actions when times are like this read these recent books. Psychology of Money by Morgan housel Just keep buying by Nick Magiulli