RE: Operational basket case ?11 Nov 2021 21:01
I think you'll find that those figures are/were a one off impacted by a covid shutdown, a 35 day enforced maintenance shutdown,a period of industrial action, a very strong rand V dollar, a World encomic slow down causing vanadium prices to hit $21 per kg and enforced covid restriction working practices.
Sometimes viewing everything in typo black and white doesn't reflect the companies true value and growth potential.
Some companies unfortunately are no longer trading because of the pandemic and on reflection BMN has suffered setbacks, but weathered the storm and things have certainly changed for the better since the last financial's and their expansion and growth plans into the next multi billion dollar industry (energy storage) are all fully funded and gathering pace.
This is just my opinion, the next 12 months will certainly be critical in the BMN story.