Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm sure Orion will do their best to help BMN if they make another years interest/additional shares if the full payment is not possible.
Lets see how this pans out with the current climate but my best hope is that I might have wait another 4-5 years until the masterplan is complete to get a multiple return.
To be honest I pay no attention to little movements now. The whole investment now depends on a major material RNS which could be many months from now or next year. 20%-30% moves won't frankly change much for many of us.
Hi DJH thanks for the calcs as I’ve not had time to look at things and I see why you are worried.
I’m just hoping those calcs are an overestimate if we don’t have a full time CEO to pay for now and some of the ground work on NXP004 and NXP002 has been done.
Also as Soup has mentioned Oxillo and Lanstead should easily see us through to 2023.
Hi Paul my issue is with having Vanchem kiln 3 not running efficiently after setting that June target a long time ago. I could have predicted this RNS going off the track record and there seems to be mitigating circumstances every time.
My pessism is only because I want this share to start moving up and every once in a while give us a top end guidance figure.
Load shedding is effecting many companies which I have no issue with..
There are positives here as well and I hope the US sales will give us a record quarter regardless of issues.
Highest average V price in years and even at slightly lower production than last quarter should be the most profitable since pre-Covid.
Maybe the BE and/or Mustang update is being incorporated which is going to be complicated and will take time.
In Hindsight everyone is naive because nobody can predict the future. There are many shares in a book called 100-baggers that statistically required holding for greater than a decade and involved holding during many lows. You just have to have a mentality that does not follow the herd/fear.
In investing a lot of luck plays a role and this is no different to any other share. Higher highs could happen if V prices hit >$100Kg/FeV with doubled production or even if VRFB's become the normal for grid storage.
Nobody predicted the peak of 2018 and nobody can predict pandemics, wars or government policy. Times may change for the better on the flip of a coin to re-rate any share.
Even in pharma a dog of a share can make many people rich out of the blue while the SP is languishing. The only winners are the ones who had the conviction while the warriors of pessism were out in full force. The best investors will lose money but you only need a few winners to make a difference in life.
Thank you for your comment Coffeecups.
Let us discuss CASP in more detail as the lows in many shares can happen at different periods in history.
We can argue posters like Pdub, loudspeaker and Faramog bought in BMN at lows of 1-1.5p and are 300-500% up and are very successful investors.
I can also argue that if I had bought CASP at a similar time to the heyday of 40p's in BMN I will be sitting on similar paper losses from 2018 to 2022 from 11-12p down to 3.65p today ( I will be kind and not mention 13p multiple peaks as i want to be fair).
I would consider buying CASP but I am also worried it might retest 1.5p and that would be an erosion of 90% from those highs. I Also think the CASP management need to pull their finger out...