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Lack of buyers and low confidence are in part related to the poor communications.
The clear beneficiary of not shouting the BMN story is the seller/s. Whatever they're up to it has been made easier by the lack of news flow most of the time.
At some point with the takeover explanation they would have to show their hand. BMN is still predominantly owned by retail investors and the AIM herd would pile in. This would be a straightforward if annoying outcome that might lift many PI's out of the red.
We always come back to shorters on these boards and there may well be some going on but what if the main attack is more long term. It's crucial that we find out who it is, why they are doing it and at what point do they intend to stop. These are questions that we're non the wiser about after more than 2 years of sp decline.
Further South African interest in Vanadium. Not much sign on the IRON board on LSE of who it might be.
'On 30 March 2021, the Company announced that it was in talks with a South African investor seeking to take a substantial strategic equity stake at the listed company level. Whilst progress on the transaction has taken longer than initially expected, positive discussions have continued and the Directors remain optimistic that a deal can soon be concluded'.