Member Info for JP8891

Please bank the cash Fortune from 2022 / 2023. A brimming cash account will put to bed these silly share prices as it will give greater security of going concern and is the easiest asset to convey value to shareholders, it also gives a greater hope of dividends. Additionally trying to borrow for CAPEX when you have cash is a lot easier.

Getting BE out of his workload, will hopefully allow him to focus on.....

Selling Lemur or monetising it.
Reducing costs at Bushveld HQ + operating mines.
Buying more mines or brownfield opportunities.
Pre selling electrolyte capacity through off take agreements.
Get the Iron back on the table... this would dwarf our Vanadium operations.
Get us off the cesspit that is AIM!
Streamline the marketing of Bushveld so they understand what they are investing and why.
Additional income streams that are not Vanadium related.

About time we brought this project back to the stable, with the offloading of BE, expanding our mining credentials would be greatly positive.

Market doesn't understand what it does and how it generates profit for BMN. Spinning off a great idea.

However, please retain a large ownership level Fortune.

Kiln 3 commissioned.

Guidance for 2022 - 4200T - Excellent. - Expected Price for whole of 2022 - 41USD. 2022 revenue expected to be 140-160 Million USD. 40-60% increase on 2021!, Profit - I would guess 20-40 million.

Guidance for 2023 5000-5400T - Bloody Lovely!. Revenue expected at 36USD - 180-190Million Profit 30-50 million.

wiped of the MCAP for 70k worth of sells!!!

Have you read the final results?.

Please see below statement from final results.

'The Balasausqandiq project is a much larger contributor to the Group's value than current operations and is primarily dependent on long term vanadium prices.

The project is also dependent on raising finance to meet capital costs anticipated to amount to in excess of US$100m for the first phase. Raising this money will be dependent on the successful outcome of the western bankable feasibility study which is ongoing. The favourable financial and other characteristics of the project determined by studies so far completed give the Directors confidence that the outcome of the study will be successful. Initial discussions with the providers of finance, including with the Development Bank of Kazakhstan for which our project has passed through initial screening, have been encouraging.'

Talk about number manipulation!

What's the capacity plate rating of your PILOT plant!!!??

Production last year FAR 270Tons vs BMN 3600!!!

You are going to need 100s yes 100s of millions of dollars to get to production, you still need to do PFS, DFS, and then BFS. This cost alone 10s millions.

Why your comparing cash cost is beyond me, your comparing raisins to apples!

With 29 million of spent capex I am not expecting miracles, however vanadium prices were continually higher than 2020.

All I want to see is Kiln 3 on line.

Then 5000 tons at 39usd a kg......

BOOM

I like the idea of the SPV, in the respect of should BMN sell the mine, they could retain the SPV if they were to move in to energy / utilities.

Post reported - your rhetoric of getting personal crosses a line, stick to bmn the good and bad bits.

Loudspeaker - I have always felt with Fortune there is a high level of integrity, I feel he doesn't have much sympathy for 'Money men' (City boys). Do you think this actually holds back the share because they feel this slight anti city vibe that comes from them.

It still amazes me that we have no instutions on board. I find it hard to work out why not.

Bonker - I agree, however I can't see why we would need to place now. The company would of placed at 15p not 6p. We are not an explorer looking to fund the running of a company. We could access bank level funding up to probably 10-20 million (Maybe more). Placing a couple 100 million at 6p would be obscene. It would smack of incompetency, corruption, a CEO that is not looking to be or be a CEO again.

How you think anyone could aquire the amount of shares required without triggering a huge price increase is beyond me, you make cindercone look like Pdub!!

Absolute no chance.....

The current price would double / triple on a holding RNS saying X&X capital Current holding 3% position PREVIOUS to notification 0%.

We need II's to sure up demand / reduce free float.

We need to bang the producing profitably drum more and harder. So people see we mine at a good rate, with a low cost and good margin. Lets go back to simple business.

We need a token Dividend to reward long term holders and show, we are a shareholder focused company.

This share is unloved by the market, I just cannot understand why.

We sat at this price, without having a penny of revenue, and nothing more than land with licenses.

Our MCAP now sits near to cash and stock reserves. It is af if we are priced for a huge placing or bust.

On the placing front I cannot see it, I feel it slightly, but to place at these levels would be stupid.

IF we are on track as a pure vanadium play to achieve 5000MTV a year, that is 190 Million USD in revenue. Margin at say 20% would return 38 Million USD. BMN value 87 Million GBP.

I think the market wants to hear we are turning positive cashflow and sitting on in and plan on keeping a good portion long term. NO CAPEX until well capitalised. I am not sure the market wants to see us try and get to 8000MTV. I would want to see evidence, that getting to that rate would bring our cost inline with being the lowest producer by a clear margin, including new Vanadium plays that intend to be online in the next 5 - 10 years. It is important the supply side remains constrained to achieve an decent market price.

that corbines musings are much missed.

What a joke.... Tin will come back to a more normalised 22 - 25k ton which will wipe out there margin!

If that is the case, this deal solves your main concern of striking.... you should be buying more, now that your fears are alleviated cindercone ;-)

5 years where the union & BMN have agreed mutually agreeable terms.

This allows the facility to run un-interupted from workforce strikes. Which will go towards upholding production capacity from a labour point of view.

As discussed the other day, it is the things around bmn that need to be sorted / discussed. This is definately a positive.