Member Info for HarChris

Sure but frustratingly that is AIM, it doesn't work like the main markets and comes with a lot more risk. Some people are going to enter at the wrong time and won't be able to make a profit in a 1-2 year timeframe, many will enter at the wrong time and not only fail to realise a profit over a few years but actually see their entire capital wiped out - that's the hard reality.

I would be personally a bit angry if I fell for the type of AIM snake oil salesman CEO that promises the world and gives you an atlas instead but the last thing we can accuse Fortune of is sucking in investors - our complaints have always been the opposite, that there's not enough hype and selling of the investment case.

I suppose mine as much as you can further out from the halving, closer to the halving hold onto as much bitcoin as possible?

If you're in the camp that believes the halving will always have a significant impact then the above makes sense.

I’m going to go further and say you’re the most snakey snivelly loser on here Cindercone. I have absolutely no interest in debating with someone so comfortable twisting everything to suit their agenda and so you become only the second person I’ve ever filtered.

F*** you and f*** off

If that’s how you want to twist my comments that’s on you.

What we’ve seen over the past six months or so is a significant decline in steel demand which unsurprisingly has put pressure on V prices, seeing as up until recently that sector made up over 90% of vanadium demand. What is surprising is just how relatively resilient prices still are considering…

Demand from vrfbs is now expected to increase further. Of course, hypothetically demand from steel could fall even further but is that likely? Not according to forecasts, it’s expected to rebound somewhat this year.

Is higher V likely in the months ahead? Definitely. Could we see steel recovery on top of even greater vrfb demand? Absolutely.

Now does anyone really think that’s not going to cause a price shock?

No because I’m not a hindsight investor and understand that success as a small cap involves luck as much as skill and talent and that’s something we’re not having much of at the moment.

Sometimes in the short term the uncontrollables are just too much to get a handle on and if you’re not proactive (like fortune has been here) it can cause long term damage.

He’s doing the more important things rather than worrying about the share price in what is highly unusual times (look across the small cap space).

It would be a genuinely serious situation now if he hadn’t pulled off the recent refinancing but now he has we he have ~$55m of cash and cash equivalents to smooth this out and wait for the vanadium dynamics to play out in our favour.

An experienced trader for banks for thirty years and BMN ends up one of your most followed shares? Do explain.

Https://www.asianmetal.com/Vanadium/

Check the 30 day chart, prices are about as stable as they have been in a long while. Looks like consolidation around this level to me before the next move back up.

No but you’re the only that isn’t taking responsibility for your own losses.

I sort of agree with that but it's not easy for publicly listed companies to essentially just batten down the hatches and do nothing, shareholders demand constant progress or at least to believe that's the case.

It's much easier if you're privately owned.

I got 65 not long ago :)

Most of them continue to raise money via placings rather than taking on debt so that's not necessarily true flowerpot.

Cleanspark for example have nearly trebled their hashrate over the past 12 months and have barely any debt I believe.

Cindercone whilst you're at it do share a list of vanadium miners that have taken advantage of this simple sector and successfully grown and remained profitable over the past few years because I'd love to invest in them instead.

That's fair enough, appreciate that you're happy to admit that you'll blame him for failure but thank others for success.

But I don't get the logic. You invested based on this knowledge, I assume you've been around long enough to experience the rapid share price acceleration following the november 2020 Orion financing - if you thought the risk wasn't worth it wasn't that the ideal time for you to exit?

More than ever you're sounding like a hindsight investor.

At least over the past 6 months or so you'd have likely been as worse off or even worse off selling BMN and moving your money into other companies, the only thing that would have been wise with hindsight is selling and keeping it all in cash - hence the problem is broader than just BMN.

'BMN's success is solely predicated on global demand for vanadium driven by the steel sector and VRFB uptake. '

_______________________________

At least to a degree that is true for all companies in the commodity sector. You have on numerous occasions claimed that the original Orion finance was a wrong move by the company and have built up debt with little in return however Fortune believes in the vanadium market and thinks demand is going to increase and so will V prices and therefore profits - this is the route he's taken.

If he is correct and BMN make enormous profits over the coming years we all know for damn sure you'll be saying that BMN are only successful because of the vanadium market and not because of Fortune's strategy. See how he's damned if he does damned if he doesn't with you?

Your complaint simply seems to be that investors like myself are continuing to make the investment case despite the share price continually falling so please, please tell me what you think the likes of me and Pdub should be doing. Should we no longer support our investment despite believing it will come good? Should we leave the floor to the liars and charlatans to smear the company without impunity?

Read my posts literally from a few hours ago. I wrote a number of times of my frustration re the share price and how it sucks. Nobody is oblivious to that but believe me I would have sold a long time ago if the company was going backwards operationally or the future of the sector was in doubt.

It's not so I will continue to support the company despite these tough times share price-wise.

Got to think if this is the price action we're seeing many weeks away from the next operational update then momentum is going to seriously build as we reach the back end of June.

Things are really looking up here.

Unless you can find examples where Pdub, myself and others have denied the share price has fallen or made up something relating to the share price that wasn't true then your point is totally irrelevant to this current discussion.

All those posters that have nothing to contribute besides moaning about the share price aren't liars, they are just tedious and have nothing of substance to add - it's those making their case through falsifying information that are the dangerous ones.