Greetings15 Oct 2018 18:46
I thought I would thank the usual suspects (Alfa, NickD, BBN, Fatbanker and others below) for introducing and educating me about BMN.
I only opened my first stocks and shares ISA in January and I initially started with a wide portfolio dipping into graphene/ technology shares (VRS and some other funds). I think batteries and storage are the future of the world.
Reading on LSE I stumbled across BMN accidentally at 19p approx 5-6 months ago. I was likely looking for battery storage materials and maybe saw REDT and the associated link to other BB's that people are interested in. What a great share I found!
Since then i have sold every other share and have only shares in BMN and AfriTin which for a nearly 36 year old might be a large gamble but one that might be worth taking for my circumstances. I think I recall Knutties post about if you take advice they say don't put your eggs into one basket but a lot of us have.
I am happy to disclose that I have 125,360 shares in my ISA which you can add to the spread sheet. I will continue topping up once I'm allowed again in April as I have maxed out for the year.
I'm no expert but I did a little reading over the weekend on the Bushveld website regarding the number of shares the two large holders own.
Yellow Dragon currently have 67,832,778 shares but in May 2018 they had 79,766,364.
First Island currently have 33,213,779 shares but in May 2018 they had 41,349,909
Does anybody think these two must be selling when we PI's are buying heavily contributing to the SP moving slower than we all believe it should be?
I understand they contractually have to sell in an ordered way to not impact the market significantly, but will we only see sharper rises until they stop selling periodically or finish selling their whole allocation?
Regardless I don't mind a steady increase as with dividends in the future, I wouldn't mind topping up while the prices are lower next year.
Keep up the good work guys and positivity as its helping myself and others hold for the long term!