Member Info for jdt1990

Acty, this is the pharma business, you can’t expect definitive dates for product production line this. Just think of the steps involved and there are so many unknowns in this area. We are using new technology on an unseen virus.
It’s not like making a car where the blueprints are all there and you just need a robot to build it.
People need to stop wanting exact dates for updates and product launches hence why AS tries to keep you happy with a vague 3 weeks but he opens up to scaremongers who say on day 21 it doesn’t work. Damned if he does, damned if he doesnt

Fully agree zoom there isn’t a delay it is all perceived by derampers using semantics. Think AS deliberately tried to keep it vague by saying a few weeks in his RNS but low and bel hold, 3 weeks after 11th April there they were - it doesn’t work/delays/the co is lying.
Think I’ll stay off this bb today while the derampers are out in force. Can’t cope with a repeat of last Thursday!! This RNS says enough for me

So all the EGM resolutions weren't passed over at KIBO and no quick plan B response from LC, suggests he didn't see that coming and his quick land grab thwarted. Could have some impact on timelines here I think, given the value created here won't flow into 10x the number of KIBO shares! My omney is on the end of June funding being moved again.

How long do we think before they come back with some for of response to the EGM results and possible plan b?

The numbers don't add up for sure it gets shadier and shadier by the day. BUT on the positive side we did manage to send him back to the drawing board. He now knows this isn't just a free ride for him anymore!

Agreed with all the below BrucieBonus - Just look at the whole COVID pandemic, nobody saw that coming and the speed it tore through the world. I wouldn't be leveraging debt to invest! Invest what you can afford to lose, nothing in life is certain.
ATB with your investment though whatever you decide!

Feels like the scene in The Green Mile......"Dead man walking! We got a dead man walking, here!" in relation to my investment being diluted into the ground.

aerial I think it almost certainly will. There is no doubt in my mind progress has been slow here as LC has been waiting to see if he can pull of the heist of the century over at KIBO. The EGM is today, so we should find out the outcome by COB. I have a funny feeling he will manage to pull everyone's pants down over there which may actually incentivise him to get this up and running. I hope for my investment here and in KIBO that he generates some genuine value from this that filters through.
Time will tell

Not sure I'll be able to sleep Wednesday night in anticipation of the latest set of drill results!

I was unable to get my questions in at the BMN investor event on 4th May so dropped them an email, which I received a response from them yesterday. My Q and the response below should they be of any interest to people:

Good morning Fortune,

The moderator didn’t pick up my question on the call this morning, I was hoping to get some clarification around a couple of points. Firstly, congratulations on another sterling set of production numbers given the various challenges the world environment has posed. I am also very impressed with how wisely time has been used in this period to put the business in a strong position for the remainder of 2020.

I wanted to ask two questions:

1. Does the current environment offer any opportunity for additional negotiations with the Enerox deal?
2. With what seems to be regular positive news flows from the business and expanding potential future revenue streams, what do you see as the catalyst for the share price to reflect this, given we are currently 75% lower that the highs of late 2020? I don’t see fundamentals changing to warrant the significant drop. Will the company be addressing this?

------------------------------------------------------------------------------------------------
Dear Mr. Thornton,

Thank you for your email and apologies for the delayed response. we had a few technical issues with our general mailbox.

We are currently negotiating the terms of the Enerox translation. Covid is both creating challenges and opportunities in negotiating and completing the transaction and part of the reason. As per all transactions we will try and negotiate the best possible terms for our shareholders to create long term shareholder value.
I have listed below the Group’s priorities for this year which we hope will assist in the share price re-rating:
• Implementing synergies across Vametco and Vanchem as we integrate the operations.
• Drive operational excellence and cost reductions at Vametco and Vanchem and meet our operational targets
• Advance construction of the vanadium electrolyte plant.
• Implement additional, larger electrolyte rental contracts.
• Complete the Enerox acquisition as part of a consortium.
• Demonstrate a business case for VRFB deployments, including delivery of the Vametco mini-grid as a funded independent power producer.
• Participate in the 2,000 MW South African Integrated Resource Plan energy storage allocation and other African projects within the World Bank’s 17.5 GWh energy storage roll-out programme, including at Eskom.

Please do let me know if you have any further questions.

Kind regards,
Chika Edeh

Head of Investor Relations

Really good summary VV and I think there is a lot to come from BMN in the not too distant future.
I do think PR needs to be upped to bring back some of the buzz around the company and the industry they are operating in.
On that note, what do we have on the cards in terms of news flow in the very near term?

£48m in the Bank should help with that :)

Great to see the positivity is back after last week! If I was a recent shareholder the doom mongers would have scared the living daylights out of me when the so dropped like it did.
Onwards and upward from here :)
COViD is over? This is a lifestyle share? AS is corrupt? Boohoo are taking us for a ride? Raising cash to keep the lights on?
So glad to see the derampers gone. Hopefully there’s an AGM soon we can all head to and enjoy a well deserved pint.
Enjoy the weekend all, see you Monday!

This company really does cause me so many dilemmas. Sat on a 50% profit and really tempted to sell up, try make a few £ somewhere else and come back here with some additional cash as I really do believe in the long term value of what BMN are doing in various avenues.
I just can seem to bring myself to hit the sell button for some reason. Vanadium prices sinking over the last year clearly haven't helped but I cant help but feel we have been wayyy oversold to this level.
Mgnt do need to up their PR game given everything the have going on especially around BE, but agree they cant be expected to just put out RNS's left right and centre with air filled updates.
They could pull something out of the bag at any point.....sit tight or play with a bit of fire?
My co's compliance policy of 30 day holding period and delaing once a week tend to steer me away from the playing elsewhere idea!

Isn't that 90% of AIM companies Jerryspaniel? Nice to finally be in one (GGP) that I feel the polar opposite tot that!

Not at all......750m MCAP I just don't see it. If he manages not to screw up the KATORO situation, which again fills me with dread as he is involved in financing negotiations (albeit as part of a JV) then a portion of that value could filter through to here. Other than that, I see nothing of any material value to the business. Just smoke and mirrors - promising discussions / great opportunities and ZERO TANGIBLE OUTPUT

As we have all said, may as well go down trying! I might just be getting skeptical in my old age but the fact the EGM RNS never made it on to the LSE RNS section worries me that it may have been missed by some. So on the last day before the EGM - one last hurrah.
EVERYONE vote AGAINST all resolutions set out in the RNS below today if you haven't already. It's super easy to do via your broker and stop us PI's having the PI*s taken out of us year on year.

https://www.londonstockexchange.com/news-article/KIBO/notice-of-extraordinary-general-meeting/14542610

You would hope with 14 people interested LC can actually negotiate something of value for the company. Are 14 actually interested or has he just had 14 phone calls I don't know as he can never provide anything of substance.
Anyone else at the helm and I would be a lot more bullish about this, hence my mediocre investment. A lot of gold there but it still needs to be separated and we sure as hell cant afford to. As a minnow with a crook in charge, we're open to being left high and dry in this deal.
As I say, I hope for my bank balance he can prove me wrong but am treading with cauiton!

Agreed - get voting AGAINST! If this passes existing investors can kiss their already 90% eroded investments goodbye (which I am sure is material for some).
You can also expect LC to quickly release drivel vague news to spike the price, dilute new investors to oblivion and rinse repeat....its like being in a washing machine!

Fantastic - good riddance iceman. Good luck with your other investments but that’s one less plonker cluttering this bb. Most amateur deramper ever