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Milkman given your recent comments are you estranged from pdub
I guess this just goes to show how important it is to have a diversified portfolio so that when you “invest” in a train wreck like BMN you are able to offset losses against more successful companies. Good luck all and DYOR.
Wise words TB. However, as the old adage says: you can lead HarChris to the Pub but you can’t make them drink.
That will be the time to buy IMVHO
DYOR
A few years back there was a guy of here that thought it was amusing to buy shares in tranches of 80085 - only trouble is they are very saggy now and have dropped a lot.
Sorry to be such a smug smart ar5e but what’s happened since the RNS was released was exactly as I said (not again ffs).
Months ago I emphatically stated this would have a 1 handle of course, as sure as night follows day; as sure as eggs are eggs; as sure as the Pope is Catholic (god knows I’ve seen enough of him this past 3 weeks) as sure as a one-legged duck swims in circles, I was correct.
First of all pdub please sit down as what I’m about to say will spiral you into a discombobulated state - Bushveld Minerals is going below 1 pence by the end of October.
DYOR
Call it what you want:
1) Asset stripping
2) Shrink to Grow
3) Portfolio consolidation
4) Operational review
Bottom line is this is still a basket case.
Avoid
Reading it again it looks like the first stage of a takeover. They have effectively acquired a significant share of one of the assets whilst there’s been a minuscule increase in the market cap.
Seen this sort of deal structure recently on another transaction - smoke and mirrors.
Have to say this is not looking good at all.
At what point do you decide to let the patient drown ?
“Will provide immediate working capital” never been a fan of that phrase and would have thought that all the favourable fx movement would have address that lol.
More shares likely to be issued more dilution. An initial bounce and then reality will kick in
Barton down the hatches.
Right off to the pool in Sunny Sardinia
Think he punctured early on and quit.
Faramog you really shouldn’t be so insolent to the Geography teacher - bet he had a beard 🧔♂️
Brilliant and very honest post HarChris. Honestly is a rare commodity on the BMN chat site
£5
Thanks Milkman. Have to say it’s reassuring to hear that he didn’t teach economics and business studies it also helps to understand his “pdub is always right” attitude and sense of self importance.
From my experience most teachers don’t have a fooking clue - can talk the hind legs off a text book but when it comes to the real world what use is an ordnance survey map ffs.
Not fleecing the private investor…… lol only 95% destroyed
Pub as each day passes you become more and more repetitive: not sure if this is an age thing ?
DYOR
Orion deal completely imminently. Lol 70% hit on Day 1 why would they ???????
Despite the constant vitriol towards anyone with a different opinion on this share I’m sure everyone wishes him a speedy recovery but.
I remember strongly urging him to take £2m off the table. I think he was 68 at the time and I highlighted what a comfortable retirement this would facilitate.
He ignored this and then proceeded to attack negative posters time and time again. He should have directed his anger towards the senior executives who mismanagement this outfit for years.
I’m still awaiting, but not expecting an apology, and hope he makes a speedy recovery despite the abuse I’ve encountered.
Meatheadron - stop being so crass and do something useful: doesn’t your caravan need a good clean ?