Member Info for LB21

https://committees.parliament.uk/publications/6975/documents/72817/default/

Does anyone know if the spangles/ARC investor reports get issued the same day?

Doesn't this expire in 2022 or am I mistaken?

Primary listing is defined as -
in relation to a security listed on more than one stock exchange,
a listing by virtue of which the issuer is, in respect of that
security, subject to the full requirements applicable to listing on
that exchange.

AIM listings aren't subject to the full requirements of the LSE and so doesn't meet the definition of a Primary Listing?

I may be completely wrong here of course..

That makes sense to me -
“The JSE will therefore NOT grant a secondary listing on the JSE Main Board for an applicant issuer that has a primary listing on a junior/secondary market of an exchange”.

Because junior/secondary markets tend to be less regulated than their more senior counterparts so it could potentially bring into question the integrity of the JSE if they accepted secondary listings from these markets as they would be regularised in the primary jurisdiction and not S.A

I'm sure you can list on the JSE without being listed elsewhere.

I think its more of a question as to whether an AIM listing counts as a primary listing, if so BMN will be regulated by LSE and JSE will be the secondary listing and vice versa if not.

My gut feeling is that AIM won't count as a primary listing and therefore when BMN lists on JSE it will be regulated there...

Thanks @UncleJohn. I think I found it - PQ Iron & Titanium Project, on page 47.

Thanks @floyd81.

Apologies in advance if this is a stupid question but where is this Iron Ore asset BMN holds?

Whilst I appreciate Fe prices have appreciated somewhat since the last published financial statements, I would have thought it would be valued at the lower of cost or NRV in the consolidated accounts?

Would be grateful if someone could point it out to me :-)

https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?type=sl.ra.full&id=b83d4f7e-f1e4-47a7-9a1d-16920be975ec&user=4B%2f%2bEBjcRlD5kVtjqoZBeuz6fXgoRvzb4PlrgPlA5M4lRDCclr9dURgwSTN5LMv6&r=1

As people have recently said, the last Q1 update was a low tide, costs were up and production was down. Most investors are not that close to the detail. Add to that technically BMN looks awful. I don't expect to see things changing until there is a) either we get a positive update on BE/Eskom/production etc etc or b)we move above 200 day MA/golden cross confirming the downtrend is broken.

FeV prices will help of course but once the above happens I believe BMN will rerate bigtime.

People also keep talking about a seller but I don't see the evidence in the ticker/share trades i'm afraid since Acadia's RNS. PI's are getting out because there is a lack of positive sentiment which is holding the SP at its current level but that will change soon as we are quickly becoming a cash cow

9 grams of 99.9% Vanadium is currently trading on Amazon for £18 which equates to £2k per KG.

https://www.amazon.co.uk/Vanadium-9grams-10diameterx20mm-Element-Specimen/dp/B078GJXBY3

Have a good weekend all.

Yup that is correct Faramog I was merely providing a quick snap shot to show profitability based on numbers which have been banded around recently.

By my reckoning (and some very simple maths), at current levels BMN is making c$7 per KG after costs.

So at the current run rate, (4,100 tonne per annum), that's (4,100 x 907 x $7) = $26m profit per annum...

So the profit is there it's just not reflected in any published P&L for the market to get excited about, but IMO that is only a matter of time and it is the reason why i'm happy to top up at these levels.

All the above excludes BE of course and everything else going on in the VRFB space!

The increase in V price is very promising!

The $ is sliding against both CHN and ZAR which could partly explain the increase in China. ZAR/USD has slid 5% in a month which will add to production costs but the expectation of economists is that the $ should finish the year stronger.

It is just not a controlled subsidiary by virtue of BMN owning less than 50% of the OSC :-)

Why do people think Arcacia are still selling?

As far as I see it they sold some BMN shares (as did BMN in IES) to raise liquidity and capitalise Enerox to fund expansion and growth, which is one of our subsidiaries..

They are still all in as far as I see it.

Thanks BBN.

Do you happen to know the name of the JV SPV between BMN/IDC to construct the electrolyte plant in East London (split 55/45)?

So why don't we just shift the Iron Ore?

There must be a reason. Opportunity cost?

I was able to pick up £30k yesterday for 15.80...

The 189,791 was a buy.

That was my question Jimbo66 on the IDC webinar :p