Member Info for JP8891

Morrisons bought for 7 Billion!!

Wonder if the shares are being pushed down so we can be 'saved' by some dirty equity group!

It seems to me the problem is everyone has too much time on there hands and spends way to much time on these boards.

I also recon for every contributor there are 10 watching the forum.

I really don't know what people expect, running a business especially a growing one, involves loads of boring hours working towards a goal, you may work 1000's of hours to achieve just one goal that would be RNS-able.

You buy shares for the opportunity of an upside to the price you paid or/and a dividend, thats it, nothing more.

If we haven't heard anything, its because they are either working on something with a hope of realising a goal which would then be communicated or they're not.

I have been here since the 1.8p days, the market continually overvalues and undervalues companies all the time, you start selling millions and milllions of shares with no equal desire on the buy price side, it drops and the reverse side of this equation it goes up.

One thing I would say as someone that has been here for a long time, Fortune is a smart cookie. I think the PR side of the company is crap, but that doesn't bother me. I would rather smart CEO and poor marketing than dumb CEO and shiny powerpoint slides every week.

Where you can gain value on this board is to discuss, all the things around BMN.

South african politics
South african economy
Rand exchange rate
Vanadium demand
Vandium uses
Competition for VRFBS
energy costs for mine processing
wage costs
strikes
operating margin
anything to do with vanadium, regs, supply, largo, russia etc....

the list goes on.

Anyone manage to get any financials on cellcube product line up?
Margin
Price per MWH stored
System pricing
Vanadium elecrolyte per mw requirement

Or can point me in the right direction.

Interesting to see Munich Re providing insurance on performance option. 10 & 20 year.

This would indicate some serious independent opinion / testing of systems. They are unlikely to putting there necks on thel line.

In South Africa, Enerox will be supplying a 1MW/4MWh CellCube solution to a project financed solar a...

Read more at: https://www.saurenergy.com/solar-energy-news/cellcubes-flow-batteries-recieve-munich-res-bankable-insurance

Cheers Pdub, I had seen the guidance at around 27-28 but thought that doesnt give a true reflection once kiln 3 is running. Hopefully they will give a H1 cost and H2 cost which should reflect the future cost.

Agreed if V prices hold then company should be very cashflow positive.

https://www.faceb00k.com/groups/DoNotBuyPersimmon/ - replace the 0's with o's

https://uk.trustpilot.com/review/www.persimmonhomes.com - 3.5/5*trust pilot 2000 plus reviews 46% rating product bad!

https://www.reviews.io/company-reviews/store/persimmonhomes - 1.2*/5 - 144 reviews

https://www.bbc.co.uk/news/business-50827576

https://www.********************DoNotBuyPersimmon/ - has 7800 members - reading there feed is fairly confirming of my understanding.

I know the product is poor because I am in the industry and know that alot of the trades who work on these sites are trades that can't get on independent builders books because they do not lack the sufficiently quality to work with independent builders. I have contracted work to people who have worked on these sites and would never use them again.
The persimmon build model is based on bare minimum quality, but getting land in good locations, which means the product can be poor, but sales will be good because everything really is location, location, location.

They pay very low rates for the subcontractor packages, skimming, drwall, timber, painting, block etc... and you get what you pay for.

I appreciate that the financial performance has been excellent and a very compelling investment case.

I cannot get round the fact the product they create, is generally extemely poor in quality, I have never heard anything other than shocking product quality stories from trades I work with and first hand with a family member buying a PSN house and having a snagging list longer than war and peace!

I understand the more macro intricacies of the market, I believe over 95% of property is built by medium to large housebuilders and therefore they have in effect sown up the land bank and development market.

Obviously there is a fundamental property shortage - engineered or not by policy, I don't see that ever changing. Which will support quality not being at the fore front or required to be.

Anyone have any guidance for expected cash cost of Vanchem once kiln 3 is fully operational?.

I agree markets are connected to some degree, but I don't believe the connection is linear. The Dow is full of companies with extremely poor P/E / dividends and values are very much based on the health and future health of the US economy, very sentiment driven. The FTSE100 is really based on dividend yield and established steady companies (Mostly). Whilst a downturn in the UK / World economy will cause earning ratios to stretch and therefore share prices to re-adjust I don't see it being as volitile as the Down. I also don't feel they are as linked as have been historically as we have central banks reacting differently to the predominant inflation issue . ECB still at -0.5% rates. The FED hiked rates through 18 - 20 to 2.5% whilst the BOE raised them .25% to 0.75% and then back down.

I hear and see this comment about the connection between the American markets and UK ones. However I don't see the correlation unless they are world event driven.

FTSE100 was 7203 - 28/04/2017
FTSE100 was 7521 - 22/04/2022.
In 5 years less than a 5% increase (Obviously excluding Divi's)

Compare to
Dow Jones - 20940 - 28/04/2017
Dow Jones - 33811 - 22/04/2022
60% + increase in the same 5 years (exc Divi).

for BMN is astonishing, truly astonishing Nick D doesn't currently have a calculator with a large enough screen to fit the potential revenue and EBITDA on.

5 years ago we were all excited about the MOU with the chinese and the potential of the iron ore. We all pondered the million dollar question, how would we get the finance to get the Iron going. Well now we do have the ability, I am not convinced it is imminent , but in the medium term I think it would be wise to become a multi commodity player considering our ground assets are tier 1. The Iron market is more stable and our asset would make money whatever the price.

I don't doubt for a minute that Fortune has forgotten the iron play, I am guessing now he sits at bigger tables he has the ability to get to the people that can iron (for want of a better word) out the obstacles to make the play happen. which would be a billion dollar plus annual revenue stream.

Even if VRFB's are un-successful we are still a huge target whatever the vanadium price.

We will be a target because we will be the lowest cost, largest miner of vanadium in the world!!! a tier 1 miner having a policy change in commodity direction would eat us for breakfast tomorrow just on the above!!! They won't be looking 3 or 5 year they will be looking 20 - 30 year!!

Cindercone - I disagree immensely with this part of your statement.

'BMN's cash generation is limited to a volatile commodity that's able to generate serious cash in the short-to-medium term (3-5 years?), but little else'

BMN's cash generation is not limited to Vanadium in the next 3-5 years.

There is no reason that in 3 - 5 years we won't be receiving revenue for phosphate, vanadium, iron ore, coal, Iron ore and investment dividends. Hardly limited.

Also even if Vanadium prices halve in 5 - 10 years time and VRFB doesn't take off, there is a good chance we will be producing 10 - 20k MTV a year and the bottom line will still be better than today. We are going to be the lowest cost vanadium producer in the world period. if we aren't making money no one will be!!.

cindercone - utter codswallop.

Bushveld in a year would have enough money for the capex to start the iron ore project...at 6USD cost per ton once credits taken in to account and a resource close to a billion tons. There is no need should VRFB not take off that we couldn't start exploiting our other commodities.

I see no reason why we cannot be a multi commodity miner.

Having seen what Fortune has achieved with F all money and having to use the bucket shops.

One can only day dream what he can do with 100's of MILLIONS in the bank!!!

All the viable projects out there that just need cash. What do we have.... at an ever growing rate.... CASH!!!

from q3 results on their website...
Following the strong operational performance during the quarter, the Company has postponed the kiln refractory shutdown to Q1 2019. The shutdown in Q1 2019 is anticipated to last for 26 days, with no production expected on 17 of those days.

of something bigger going on in the background. May be wrong, but the trade sizes going through daily and holding at 47p plus indicates someone is very happy to get on at this level. solidifying this level make the next step easier and we are not that far away from hopefully solid news.

I thought q3 results would have given the mms a reason to drop us like a lead balloon, it didn't. Why because even with the issues the positive cashflow is coming in (in huge numbers). If we have no issues in q4 the cashflow coming in will be immense. By the time the q4 figures are released there will be more huge cashflow and we know largo are offline for almost a third of q1 so figures should be spectacular for then.

How long before BMN has 100 Million in the bank?

It's almost like the 3p stage, the market has not woken up to the reality, but everytime we post hard numbers the smell of coffee wafts through the window briefly.

If eskom comes off, he will end up delivering the finest Columbian coffee to every major fund in the world. so Mr golden summit will be laughing when his serious investment becomes a gigantic reward.

nm

Not sure wave theory applied in the last wave, as we sailed past 43p to 50p!