Member Info for Moneymaker2015

The company has just given away assets that contain over a billion dollars worth of gold! How is that a great RNS…

I wouldn’t call it ‘lies’ when I’m merely highlighting the facts. Just going off the last year alone (previous year are even worse!):

1. BMV announced last June it was purchasing Bitcoin Mining Machines. This failed to materialise.

2. Also June, Sath was providing a funding facility of £2 million at 2p per share. This failed to materialise.

3. June again, BMV was raising a minimum of £10 million at “a premium to the current share price”. The share price on that date was 1.66p. Now it is 0.06p!

4. August - Company reiterates £2m deal with Sath has been executed. In December it’s announced the deal is terminated and only £627,450 raised instead at 0.15p.

5. December - “confirmation by end December 2025 of whether the current Korea partner will assume a lead role” - no update has been provided 4 months on.

As per my previous post. The company doesn’t have anything tangible, other than the “legacy assets”. To respond to Siennaj; the company isn’t assessing the value of these assets, its deciding whether to walk away completely. It was doing a legal review in January on whether there is grounds for appeal the decision but hasn’t yet confirmed any outcome of this. In February it was due to confirm whether it would walk away completely if the assets cannot be mined, which it hasn’t yet confirmed what it plans to do.

Just to point out, myself more than most, would like to see BMV succeed, but I’m just saying it as it is unfortunately.

From that interview he basically confirmed that the company has nothing other than some ‘legacy assets’…

I wonder what’s going on with all the gold mines, there was supposed to be a full review of Kochang and Gubong

by the end of February 2026, plus a Batangas progress tracker produced during Q1. I wonder if any of it has actually been done…

This is great news. Still a couple of hurdles to get over before it’s done and dusted but things have been positive so far.

It still surprises me though because in terms of risk this is still fairly low, even if the sale were to fall through there’s always other buyers out there and the company currently has cash and very little costs so isn’t desperate to sell in a hurry.

It amazes me that the mcap is still so low here at £53m today, considering it’s agreed to sell KSK for £81m.

Truthfully, I’m hoping we don’t get news for a couple of weeks as I’m hoping to top-up at the end of the month. My thoughts are that even if I were to just break-even and not even make a profit from the sale of KSK, it would mean a free-carry for whatever happens at Beutong. Previously, i’ve always been sceptical whether the company would be able to progress Beutong, but considering the potential value of it, I’d happily take the risk if I’m being free-carried, considering at today’s metal prices a sale could reach upwards of $1B.

I think Frankie just needs to come to terms that not stocks come to fruition and achieve what they say they are going to. BMV is unfortunately one of those shares, unless it gets some complete turnaround news on the South Korean gold mines, it’s a stock that’s dead in the water. I’ve lost £25k on this dog. Unfortunately, you just have to accept it and move to the next one.

The only stocks that seem too good to be true, usually are too good to be true and you should avoid adding to a falling stock to ‘recoup your losses’. It’s why you should never ‘put all your eggs in one basket’

Frankie, I never advised IQE is / isn’t going anywhere. I’ve just recently made around 4x my initial investment in IQE. In that post I was talking about the cash position of the company, and since then there hasn’t been any news flow indicating that has changed. I don’t know how much you know about it but their forecast revenue for 2025 was £100m, which was resulting in a margin between -£5m to +£2m, so on the balance of probability it is still losing money.

Just because I have a holding in a company, it doesn’t mean that I believe it’s going to be successful in the long term. BMV is the prime example, I invested just over £25k a few years back and nearly £24k of that has gone. I also believe that if it doesn’t get positive news in the longer term about the SK gold mines then it too will eventually be dissolved.

In the last few weeks Ukraine has said it has taken back some land due to weak Russian defences. It would be unlikely that any Russian casualties in those cirmstances would have formed part of the recent exchange due to short timescales. If the defensive positions were indeed weak too, presumably, there wouldn’t have been many casualties either.

It’s the same old story. Both side create defensive positions. One side mounts an offensive, this eventually loses momentum due to resources, then the other side mounts a counter-offensive before new defensive lines can be made. The war will continue until both sides believe they are at a stalemate and the cost both financially and physical resources are too high.

Some aggregators suggest:

- Long-term target around ~8–9p

- Massive upside from current levels

However:

- This is based on very few and outdated models

- The forecasts are not institutional coverage

- The forecasts are not widely validated

The majority of fallen Russian troops are not in areas occupied by Ukraine. Russia is moving forwards but losing a large number of troops along the way. It’s effectively collecting its own fallen soldiers as it is moving, along with any Ukraine troops that passed away trying to defend the positions.

Just looked in my account and BMV is now showing as a loss of over £24k 🙈. I only took a holding here when Colin and Charles were the Directors and were trying to push the SK mines forward. As soon as they stepped down I knew it was going to be the end for BMV. It is amusing though that Sath came in and said he wanted to make it a Billion Dollar company but in actual fact the mcap is now lower than it was when he arrived and the number of issued shares has doubled. Effectively, all he has managed to do is obliterate the value for existing shareholders.

This is one of the reason why I like AAU in particular. Many mining juniors/explorers have relatively small stakes in companies with decent size assets but they let that stake dwindle away and get diluted due to insufficient cashflow. AAU doesn’t particularly have that problem as it’s actually got a producing mine already. When some of these assets come to fruition, they’ll likely generate a good return for shareholders.

Wilco, why the hostile response?

I didn’t have to be there, I reiterated what the US Secretary had said after the talks and he also said it will not be a quick fix. It’s no different to Dmitry Peskov stating before the talks that Russia will not end the war until Ukraine cede’s to Russia’s requests, which Zelensky has said many times he will not do.

You shouldn’t ignore the situation because what people are saying doesn’t give you the outcome you want.

Ukraine and Russia sat down yesterday for another round of peace talks and couldn’t agree. Even after the meeting Marco Rubio stated the most difficult issues remain unresolved. No further talks have taken place to enable Trump to announce a peace deal.

It’s great to see AAU is now debt free, just slightly annoying that another 40m shares are hitting the market for the sake of £700k, when they had £5m sat in the bank!

The staff probably knew the Administrators are on route, hence all the vacancies.

On a serious note though, it is concerning here when you look at the financial position: 2023 EBITDA was £4.3m and the loss was £28.8m, 2024 EBITDA was £8.1m and the loss was £36.9m. Now, the EBITDA is anticipated to have dropped to only £2m. The £15m in the bank will be quickly burnt through.

Oh god, not the TW touch of death!

Every stock I’ve held that he’s provided a positive comment on has plummeted for one reason or another. Makes me shudda every time I hear his name. Ironically, I’ve done well on all the ones he’s said don’t touch. Hopefully, for once, he’s actually correct with AAU.

£3,250,000 / 650,000,000 = 0.005p. Why would Sath pay such a premium compared to the current share price? Must have something up his sleeve.