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To unlock the real exceptional value quite simply (I know it's not) BE has to deliver the goods in contracts won and be delivering profit to the BMN bottom line on a proven consistent basis (at least one years full results) so that puts us to...2022 at which point the business model will be clear BMN is more than just a miner - its a technology company in the renewable energy market (maybe even financing) in control of its own source of production of the raw material that feeds the business model. Then the earnings ratio will move to where we expect it to be. Something of a rerate to near fair value on the current basis in the short term wouldn't go amiss mind.
I may be wrong but I thought I saw previously that an individual short is only declared once it reaches 0.5%? In which case there could be a number of players (may or may not be working together) but who individually hold less than the public disclosure trigger?
@DD - I appreciate it could be seen as sympathetic but this has been going on so long now...surely we have to be near the end of it by now? And then an Erongo style re-rate would be nice.
Just been told I am going to need some money "imminently" to pay for a wedding...so I want to see the SP better valued...!
I am hoping "imminently" in that context turns out to be the same as the dreaded word here...! :-)
@DD
Re the electrolyte plant - are far as I have been able to ascertain NO appeals were submitted to DEDEAT in the appeals window which ended on 23rd September (I am double checking though) which, if correct, means we have the green light to go on construction of the plant. I have emailed Chika Edeh to ask for an update and to see if the Company has any plans to update the market or otherwise publicise progress on this front.
The markets will need to understand the value of the contracts awarded and certainty that that the revenue is underwritten by the world Bank on an ongoing basis so that if Eskom problems continue that business is guaranteed subject to performance obviously.
https://www.theguardian.com/global-development/2019/sep/13/global-renewable-energy-initiative-aims-to-bring-a-billion-people-in-from-the-dark
Well worth a read (imo). The World Bank funding for SA/Eskcom is now clearly aligned to a much bigger initiative (inc UN) to bring cheap sustainable energy to Africa to relieve poverty and promote economic growth. This is Africa-wide not just SA. BMN is well positioned here for a much much bigger future. IF people have been put off from investing in BMN because they think it is "just" an SA story and therefore small fry then they are SO wrong.
"Worldwide commission aims to end energy poverty in sub-Saharan Africa and south Asia by driving investment in new technology
my choice of highlights:
Electricity could be delivered to more than a billion people currently living without it within a decade by linking up small-scale projects into a giant, environmentally-friendly network.
According to a new global commission, advances in micro energy grids and renewable energy technologies could “dramatically accelerate change” and transform lives in rural areas of sub-Saharan African and south Asia.
The Global Commission to End Energy Poverty met for the first time this week to set out plans to accelerate the UN’s sustainable development goal to ensure access to affordable, reliable and sustainable energy for all people by 2030.
Moniz said that by relying on renewable energy, particularly solar power alongside batteries, developing nations should be able to attract investment in clean energy and rule out the need for future investments in coal-fired power plants. Adopting such methods could also halt the wood-burning that has led to mass deforestation in some countries, he said."
BMN are not represented in the Commission but I am sure they will be "connected"
MadasaHat
Agreed, apart from the article not identifying Vanadium's use in redox flow batteries and the importance of that to renewable energy and combatting climate change. Still, it names Mokopane as a key location for the deposits.
Oh and here comes the reversing out of a major buy trade (itself reported late) of 181757. This is just sickening manipulation.
This does just beg the question is it as simple as TPEP reversing its short position or is there another game at play here? I haven't a clue but why go to such bother over a small cap AIM stock?
couldn't possibly be that the bots manipulate the SP down to 21.5-22 to bring back into what (appears to me - with no knowledge whatsoever) to be a range that TPEP are now deciding to reduce its short position. Strange that round 30k, 50k, 50k buys coming in which has been the format of sells...Can they just get it over and done with?