Member Info for marc001

So on that note where's SPR at with what they owe... Great we have the refinancing sorted, but the market needs to have certainty on the payment owed.

So is it just the SPR payment we are waiting on now?

Plenty of time for the SP to hit new lows below 1p prior to the end of Feb, I doubt we’ve seen the end to the shenanigans here…

To be honest at this point I do not care, the only thing that matters to me is the company gets it’s funding and continues as a going concern, able to see out the low V prices. Hopefully the China gov stimulus will help to restore confidence and get V demand back up.

HarChris - Yep, agree with you. Personally I think the aim is to walk the price down by getting the 'sheep' to continually buy in as it goes lower (only to sell when panic sets in, which is how they walk it down).

Sold my trading position I'd accumulated here, keeping the positions in ISA and SIPP, not worth the risk at this point. I do hope it comes good for the sake of my retained positions, but if not here's to a lesson learned - money comes and money goes. One things for sure - I wont touch another small cap AIM stock ever again - the market is rigged against us PI's.

At least capital losses be be offset in futures years indefinitely, lol - maybe one day I'll be able to make use of them.

Yep, but if you think about it it tests investors conviction. Those that don’t truely believe in Mr Coltman here will likely exit - probably just before the next rise (and then Fomo chase it). Additionally we need any shorts nuked (this will encourage them) so we can break resistance.

Yeah, also these II’s are against us PI’s, they want to shake us out of our shares on the cheap so they can get more themselves. Sure they are in at 3p, but I don’t doubt they will try and get as many as they can sub that while they can…

Yep, shorts will be loving this but an out of hours RNS might blow them out of the water come Monday...

Arent SPR legally obliged to pay up though? I doubt very much they can suddenly just decide not to and walk away from the deal without recourse...

Uksteveg: No, they are in contact with SPR, the last RNS clearly states that:

"The Company remains engaged in discussions with SPR and SPR has confirmed that the entire amount of US$12.5 million will be paid this week."

I'm sure it's just a coincidence, but sure is a great way to shake the tree...

They did say they were expecting payment this week and it was due to delays down to the holiday season and that payment was expected this week now. On that basis I'd be expecting an RNS to confirm what is going on today.

If they dont make payment what's BMN's recourse of action?

Starting to look sustainable now.

Inflation down = metals up.

Is that a multi year head and shoulders pattern I see on the SP chart..? SP appears to be rolling over, so id be definitely cautious here.

Just be aware, long term fundamentals can be great yet in the short term SP can fall - they are not always in sync.

Nice breakout on the Largo SP, no doubt buoyed by increasing V prices!

What's good for the goose is good for the gander...!

Thanks for the dip there, added on that one. Not as generous as last time, but as least I was able to take advantage of it. RNS was basically positive, clearing out the dead wood prior to the move up to 3p + IMO. When the move happens they don't want any weak hands constraining the advance, so best get them cleared here...

The SP bid actually dropped to allow me in at 2.30, even though the SP was showing as higher.

V prices on the rise, news flow ahead, feels cheap down here.

Remember that large spread bet? It was probably a short. Retail and LTH's topping up here will get rekd (again).

See you at 0.15 here IMO.

I see a spreadbet has been put on - likely to be short given most of retail have taken the long side of the trade. I said it before and I’ll say it again - retail trap written all over this.

Good analysis Faramog, 30p a share would be a ten bagger for the II’s, so yeah with V prices up and costs down why not eh, not like they are in it for peanuts…

I do seem to recall a number of people on here swearing blind that BMN don't do dilution and it wouldn't happen, well they do and it did!