Member Info for johnpwh

Out of interest has anyone done the maths about how many ECO prefs are in issue? Assuming a guess of a potential £25m net settlement (yes complete guess so don't shoot me) I'd be interested in knowing a ball park figure per share.

sax

sorry, barely look in here since the last dozen messages have spanned 12 months!

i just mean that the last update was open and honest but didn't provide much confidence for the immediate future. i maintain my holding here (originally bought partly as a result of the grand hs2 plans which are now of course a shadow of their former selves). rnss are sp**** so we, or at least i, just hope!

Bravo simo

As is obvious I feel the same. A gut reaction to the news is that there is potentially more to mine but by 8.45am the knee jerk rise to the 'pleased' RNS was done and it sank back. At the end of the day the mine isn't being developed, any cash raise to allow it via equity would be massive, hugely dilatative and at 7p-8p (maximum) based on the current SP - possible less. And the directors pension pots keep increasing, I'm sure their houses are lovely, their kids expensively educated and their company cars wont be the last ever Fiestas that are currently being produced.

Not sure about that news, both stepping down of the founder or of Andy Palmer who, depending on how you look at it, doesn't have an unblemished record. I'm sure he wont be cheap either having held top positions at Nssen and Aston Martin. Time will tell.

I can understand why someone doesn't like a share. And I think its valuable for more bullish shareholders that negative, well researched, comments are posted. But 91 posts in 30 days? Trevor I appreciate that you don't like BMN. I get that, and genuinely respect it. But that behaviour is bordered infatuation.

Foz

Agree totally. Not surprised by what is happening here.

Confidence in Lithium looks a bit like a sine curve, starting from a low level then swelling as it was seen as the panacea for a green future then fading as that confidence in it declines. I definitely think we are in phase now where that is being questioned by the public, solutions such as hydrogen are seen as having legs. Doubts about flammability of lithium batteries, particular associated with cheap imported scooters and bikes, causing fatalities in domestic situations isn't helping. Then of course there is also the lack of infrastructure development to support the phasing out of IC cars, particularly in the UK. We all suspect that the target dates for CO2 reduction are likely to be relaxed, hence the desperate immediate need for lithium seems to be fading. I think that is evident in the declining lithium price. Decades of reserves may not be needed if Lithium ends up as a stop gap, but what is needed is a developed mine, ready to go, right now.

Were are we with ZNWD? I certainly think the decline in lithium price eases the pressure to get production up and running. the cash balance is probably just there to pay the board its salary and pensions! Unfortunately I still cant see how finance to build the mine of nearly 10 times market cap can be raised, at least to go it alone. We need EU/ German government funding or a JV/ takeover. All we get is talk, the bright bit being the interest of AMG. Pretty much all that keeps me here.

One art of investing (which I do not claim to possess) is to gauge public feeling . A couple of years ago it was all lithium and electric cars. Lithium was the only thing the general public recognised for future battery tech. That seems to be waning now, with range anxiety persisting and infrastructure development lagging that which is needed. Hydrogen looks to be the longer term solution for transport, at least if the public can be reassured over its flammability. The disadvantages of lithium batteries are becoming apparent, especially with sad deaths due to domestic fires. People are definitely now questioning a lithium future which is I think reflected in prices both of the commodity itself and thus of SPs of mines that either mine or propose to. I now hold no lithium shares, I bailed from ZNWD (which I largely acquired due to the BCN takeover) at more or less the peak of its recent run. And pleased I did. I know that vanadium is not a solution for road transport, but it certainly is for storage of renewable energy where demand is potentially massive, both to achieve carbon targets and to avoid energy price shocks like we have recently had. Plus of course its traditional use for steel production.

Like probably most I am in the red here, but I think that barring specifically SA problems the future is bright and the share way oversold. Without critisising the outgoing CEO in any way I think a fresh pair of experienced eyes could prove very productive.

Sja

I agree with you. Unfortunately many boards attract the abusive, most of us are old and wise enough to filter them, sometimes after a single post. You can tell the type.

My own relationship with PMG has been choppy, but still in profit. Anyone who has seen me post here will probably know that I was 'Dana', hence my interest. I see the current position could be attractive to other companies, whether for the tax losses or even to TC himself simply taking this company private at the current depressed price. Either way I have bought back in at 14p, after selling up a few months back, with a relatively small flutter. Investing or a bet? Time will tell, but it felt oversold after the recent plunge.

There have been a couple of false dawns recently but this seems positive this time (as am I) .

The vanadium price is outside the companys control, as indeed is the political and to an extent managing the energy requirement. But if these variables play ball then a rapid reappraisal of BMNs fortunes could take place I think.

....... anybody there? Is this a Pandoras box with all curses released and only hope remaining. Discuss.......

What are costs going to look like with something so deep? May it conceivably be uneconomic to exploit?

Just noticed the less than impressive ECOB SP. Was it not supposed to be twice this?

Anyway, that's not the point of my post. What I am wondering is where will any announcements re the court case be visible? The case is not to do with ECOB so presumably we cannot expect an announcement here. Does FOX still exist as an entity - if so it is no longer quoted so surely any announcement wont be made by RNS on the London Stock Exchange?

Also how is the acquisition cost of our FOX shares (ie acquired prior to 02/06) apportioned between ECOB and the Preference Shares?

Ouch indeed. i am sorry what is happening here . I have been trying to make people more objective for weeks.

Sinking again. Until there is something more positive I think that may continue. I', not selling unless there is news, may consider if we continue back towards 7p. Best hope for me is that AMG use there 25% to mount a bid.

Cheers Gaza

Gaza. I am a shareholder. Please don't turn the board into one of those on LSE who bully any new posters who don't agree with the consensus of the 'owners'. My experience has shown that some alternate view is essential to keep people thinking, questioning, reassessing. There were a lot of bullish posters on Sirius Minerals.

.... the (from memory from the presentation) $350 to build the processing plant in time for 2026 production coming from given the £50m market cap? To obtain production by that date would surely have to happen almost imminently? Massive grant from Saxony or the wider EU? AMG takeover (do they have the financial resources?)? Other suggestions?

Not to the same extent dryland, I think mine was the last recorded purchase at 4.29pm on 1st June. I expected to lose money initially due to being ex rights, I have since bought more of the consolidated shares and based solely on ECOB Ordinaries I am 40% down. We'll see. They are some way short of their target Market Cap I think.

Truly excellent news! Very pleased

Hope you are keeping well Pdub.

There are early signs that BMN has reached the bottom and turned. More positive comments on VRFBs. Maybe the same with the commodity price. Long may it continue!