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@ hurtsparrow.
Daniel has a few more days to get his act together then.
Looking at the share price fluctuations after his initial "bid", it would seem that any new offer will not be much higher. There are people in the know. Why has the current buying price not been hammered? It's all very odd, don't you agree?
I'm now actually hoping that VESA are successful, at whatever price they deem fit. There would be a massive cull, starting at the top. All the dead wood, white collar workers, of which there are thousands, will be gone. The waste is absolutely shocking. And anyone, of any grade, who works within RM, would agree.
@ LittleDickyBird.
"""3. Large parcels volume has increased 2000 %"""
20 fold, right? OM Goodness! I better buy a share. Where do you get this figure from?
20,000 redundancies? Was it that many?
How many contracts have RM won back?
And regarding election mail: Of course there was a spike in letters. Which RM have actually paid for. But judging by what i have seen in my office, it was no great drama. How much excess overtime is paid or failures reported, is how i judge volumes. As i said, no great drama.
@ hxulcolrdoh.
I cannot help but agree.
The galling thing is that three of our largest shareholders appear to have conspired to put BMN into this position.
Orion - 5.4%. Renogotiated their lending facility so that first payment was due end of June.
SPR - 14.5%. One of their "investors" was not forthcoming with the funds expected in December and then January. SPR did provide an interest free loan, but only after an 11 day (i think) closure of Vanchem. Costing BMN more money.
Acacia - 4.5%. They have not handed over the agreed $3.5M and BMN are now seeking legal action. Why????
HOW can 3 of our largest holders let BMN get into this position? Apparently, they are all on our side. The only one who may get some credibility would be Orion, because of the renegotiated loan. But what will happen after June when they do not get their payment?
In my opinion, BMN will go bust. And what three entities do you think will be picking up the pieces?
And if SPR are fully supportive of all things BMN, why do they not provide another interest free loan, until the sale of Vanchem - 50% and Mokopane gets ratified?
I hope i'm wrong, but something does not stack up.
@ Darbo.
I was referring to this: """and he thought that he would be able to bully his way in on the cheap."""
NOT your post.
Regarding any future bid. Daniel has offered a 40%+ premium on the share price, already, from the start point of 220p (ish). If he were to offer another 40% from where we are now, is 390p acceptable? If it's not, to the shareholders as well as the board, why oh why, are people not loading up?
If 220p is undervalued, then 320p, then 390p, what exactly is the value of IDS?
I just don't get the price.
@ Sid786.
The driving force here is the USO review, fully supported by the CWU. If OFCOM approve this, and i cannot see any reason that they will not, the savings will be huge. If it is implemented correctly. So, while the end of year results may have a bearing on the price and any other bid from Daniel, i think that the USO review is of utmost importance to the actual price, regardless.
@ simx.
"""He's also spent a lot of time and money to get to the position to possibly own a company he really,really wants."""
It wasn't so long ago that Daniel said he had no intention of making a bid for IDS. Now, this makes him a liar for stating that. As well as bully as an earlier poster mentioned.
If Daniel was to make a further bid though, does it seem unreasonable to suggest, that the share price would (should) be north of the previous bid of 320p? There are people "in the know", after all.
I just don't get the price.
@ Amtech.
Please copy and paste the bit we are talking about, if you don't mind. And also please provide evidence of this. I'll refresh your memory:
Amtech, """Do you think MB lied when he stated finance was imminent?"""
Copy and paste and give proof of your answer please. I cannot wait for this.
@ TraderDan.
I remember reading that absolute nonsense some time ago.
A transcript from the complaint:
Hi Amtech. We have received your complaint and are are looking into it? Can you provide any details of these "shenanigans" that you speak of? Most importantly, how much money have you actually lost because of "such foul play"?
Now, we all know that Amtech has made money here.
How odd that you complain about a company that has made you money!
@ Amtech.
And i'm asking you. Or are you only playing with DEE?
"""Do you think MB lied when he stated finance was imminent? A simple yes or no will suffice"""
You asked DEE the question, now i'm asking you. A very serious accusation if you think Matt Bull lied to the market, don't you think? Unless you have concrete eveidence.
@ RHT99
1 - Nothing of any note, as it would have RNS'd. But you know that.
2 - No idea. If i knew i would have inside knowledge, and i don't. Should it have been funded from investments?
3 - It's not for me to justify. No, i didn't take part in any placement.
4 - Probably a question that you need to take up with MB. How much money did ACP need to be funded through to production. Once again, i have no idea what happens behind the scenes. If i did i would be an insider. As for lying to the market? That would be a very serious thing to do. Probably custodial. Do you think he lied? Because if you did i think you should provide some concrete proof of that, instaeds of throwing accusations around.
5 - Maybe non-binding finance was initially agreed and then pulled. Again. If i knew i'd be an insider. Can you lead me to the RNS where MB said production would be in Feb 2020, without the licence. That would be quite stupid. I cannot find it, so give me a date please.
6 - Seeing as though you are so negative on MB, why don't you do your due diligence. I have a rough figure, but i'm certainly not going to do your homework for you. You have apparently raked up all things that you find negative, but the holdings one, i would have thought you would have been all over it.
Do you thinK Matt Bull lied when he said that ACP was funded through to finance? A very serious accusation, so if your answer is yes, please provide the evidence.
Thanks
I understand that from next month collections will be done en route for the majority of post boxes. Monday - Saturday. Another small saving. as it takes away the need to provide this service on a Saturday, something that we do not do at the moment.
Oddly enough, when i started over 30 years, these collections were en route, by posties on bikes. Apart from outside the post offices. It was taken away, and is now being put back in.
How long before your local postie is back on a bike?
@ Amtech.
Do you think MB lied when he stated finance was imminent? A simple yes or no will suffice.
@ RHT99.
Okay. We get it.
You're not happy with a company that YOU ARE """"NOT"""" INVESTED IN. Thanks for all your advice about MB's salary, MB's lack of leadership, MB's fraudulent activities regarding Kabunga. You should report this to the relevant authorities.
How many other companies THAT YOU ARE """"NOT"""" INVESTED IN, could you go to next.
You're time is up here boy. Now off you trot.
@ simx.
""""Everything that has happened thus far that is in the public realm is as he anticipated,""""
Would this include when he publicly stated that he had no intention of making a takeover bid for IDS? Shortly after he was allowed to up his stake beyond 25% with full agreement from NS & I?
His lies didn't last long, did they. And because of these lies, N S & I will not allow him or his affiliated companies, to take over IDS.
Just my opinion, and it certainly will not stop him from making another bid.
@ Lamps56.
So, you didn't think that CC saying that waiting for the funds from Vanchem and Mokopane sale would be too late, was a concern.
2 of our biggest investors, SPR (14%) and Acacia(6%) have recently not come forward with promised funds. Although SPR did remedy the situation, sort of. They provided their own, interest free, loan which, when it was received, only led to 11 days of shutdown, because the funds were not received on time.
And saying that i averaged down to a 60% loss, would seem a bit odd, would it not?
FYI.
I have just under 700,000 shares @ average 2p. Book cost just under 14K. Loss £9,500, 68%. If i'm going to take a loss, who's gonna worry about the 8% that i didn't mention, when soon that loss will be 100%.
I hope i'm wrong. But i doubt it.
@ Simx.
Daniel may actually be waiting until the last minute, so the price drops, and he can be put in a higher bid than 320p, but lower than what he, and the board, actually value the company at.
I'll also assume that the OFCOM review will be released post 15th May. I cannot find a date for this. Daniel would not want this info released before he has made a further bid, surely? Assumptions again, but a man of his calibre, would surely have some sort of insight into this review.
Or maybe, he is quietly selling his shares. He's made his money here, unlike some.
I could be wrong on all counts though.
@ Lamps.
My average is about 1.8p. I could look but i wont bother. I actually bought many more at 0.6p after the recent RNS, to bring my average down. I could sell these at a small profit. And, FWIW, I was one of the lucky ones who was investing @ 1.4p, 7 ish years ago. I've made my money here, but came back to make some more. I believe the company has now been set up to fail. With several big hitters waiting in the wings.
I do hope that i am wrong. Unfortunately, with the delay in funds from some of our bigger investors, and still on-going, it would appear that i am right.
@ Farmog. Just this bit from your post says it all.
"""If Orion et al cannot see the monumental change done at Vanchem and see what is coming at Vametco then we are stuffed."""
They can. That's the concern.
@pb940.
Thanks for the link. My take on it is that we will be gone within two months. SPR look like they could be our only saviour. Why can they not provide an interest free loan in lieu of the sale of vanchem and Mokopane? Much like they did in February. Probably because they want the whole business for peanuts.
CC's bullishness going forward is great, but i think this presentation is just readying everyone for the inevitable.
Do i take a 60% loss tomorrow, hold for one more spike, or hold in case i'm totally wrong? I think it will be the latter. AIM is for gamblers, after all.
The desperation to convince not only others, but himself, is clearly evident.
How sad.
Posters that have been wrong according to "The Great One".
Redceo. In profit.
Oli G. In profit.
Wolveposty. In profit.
Telso. In profit.
The Spyceman. In profit.
To name a few.
Now for the posters "NOT" in profit.
angersharkz
themoneyshark
maximus1
Please feel free to add to either of the lists above.