Member Info for Moneymaker2015

Correct it was me that said the BoD were “aiming” to release news by month end. I never said it “will”, nor did BMV categorically say it would. The likelihood of someone investing in BMV solely on the prospect of news this month is pretty slim. Likewise, the chance of a mass sell-out, pushing the share price to 2p, if news isn’t released this week is also very unlikely.

To be fair, it’s quite amusing reading Brainspark’s comments. Considering his strategy a few months ago was sell low, then buy-in again when the share price increased, he’s probably not best placed to criticise on someone else’s investing strategy.

He’s said 2p by the end of the week, so only 4 more days and we’ll know how accurate his assumptions are too. Although, last time he said “sub-2p”, a week later it went to 4p+.

Either way, things are moving in the right direction over there, that’s the main thing. If production does look likely in the future, it would be a no brainer for MNRG to increase its holding. Even now, worst case scenario, there’s the possibility of being compensated, due to the authorities change in stance on Uranium production. At least that would generate a small amount cash, which would be better than nothing at all.

It would be very welcoming to MNRG if that asset could be bought forward, as Uranium prices are anticipated to rise considerably in the long term.

The only bit I wasn’t sure on was:

“ to be granted to economic entities and state-owned enterprises with a 100% state share.”

It’s a bit vague as to what constitutes a “economic entity”.

Brainspark,

Remember what happened about 3 months ago, last time you were saying the BoD were stringing people along… You said the SAU deal was off and that you sold out, around 3.4p. Then a couple of days later the deal was announced and you said you were struggling to buy back in and we’re hoping to get back in under 4p. Don’t make the same mistake twice. You might not be able to buy back in this time…

I’ve used 3 different platforms now (HL being one of them). They’ve all had the same issue. However, it doesn’t make any difference how it appears on the account. The price is still correct at the time of getting a quote to buy/sell, which is all that matters.

It hasn’t been 2p for over 18 months. It’s been predominantly fluctuating between 3-4p since then, so why would it suddenly drop back to 2p now? Plus, it hasn’t announced news “will” be released next week, only a private discussion that news may be released by month end. So, the market isn’t expecting an announcement.

On the flip side to your 2p assumption, if positive news is announced, this may very easily go to 4p+, as has been evidenced a number of times previously.

Considering the company has announced its goals for BritNRG, the current mcap doesn’t take into consideration at all the future potential here. It’s already been stated the goal is 1000bopd and at the current oil price, that’s a huge margin. Even more so if MNRG increases it’s interested to the planned 65%.

You can’t help but think, with everything that’s going on here, that next year will be the turning point for MNRG. It’s already had a great year operationally, but that is yet to be reflected in the mcap.

The BoD only announced two months ago what their plan for the Kochang mine was. It also announced it would be the 4th quarter that the management were travelling to the site, to progress things on the ground. Considering it’s been the summer holidays recently and Covid is still a prominent restriction in terms of sourcing plant items, I wouldn’t have anticipated any progress to have been made in the last two months admittedly, as it sounds as though Q4 and the managements trip over there will be the catalyst for a lot of the works progressing.

I’ve been informed that the BoD are aiming to get an announcement out by month end, so hopefully we will find out next week where things are heading.

A lot of EUA supporters were saying similar to me 3 years ago: “nothings happening and this isn’t going anywhere”. Sitting patiently allowed me to see the share price go from 0.5p to its high of 42p last December.

Plus, I don’t have any reason not to support the company here either. Yes, things have gone a lot slower and quieter over the last 18 months, but it’s still been heading in the right direction: funding sorted; SAU ownership sorted and confirmation that construction is due to commence.

It’s was the KCB aspect that convinced me to invest here originally. The way I looked at KAV (and still do), is that the KSZ has a very high reward potential, but until drill results are in remains a high risk. The KCB requires drilling, but the soil sampling is looking very interesting indeed. My original thought on the KCB was that even if it attracted an offer of half of what MOD received, KAV’s 50% holding would still be worth higher than its mcap (it was sub £10m when I jumped on board). Effectively I invested here solely for the KCB JV with POW, but was getting the KSZ, LVR and Ditau as sweeteners to my investment.

If the KCB does produce good drill results, I wouldn’t be surprised to see an offer from Sandfire for it either. Strategically it would be perfect for Sandfire due to its proximity.

Yeh I saw BZT’s announcement this morning, it was a bit of a train wreck.

Firstly it acknowledged the assay testing “took considerably longer to complete than anticipated”. Initial results were anticipated in May, so the results were months behind schedule!

Then, as you say, the actual results were very poor compared to the XRF readings they got in April.

From seeing that this morning, you can’t blame Ben for not wanting to produce the XRF findings or commit to dates for the assay results.

There’s definitely some good potential here (provided the drill results are positive). It does makes you wonder whether the BoD would sell the KSZ licences off if the results are good, or whether the would look to follow suit with the likes of GGP and go a JV route.

On another note, I can’t believe how quickly this has shot from around 3.9p, to the 6p it was earlier. My account is looking much healthier than it was this time last week!

I get where you’re coming from on the transparency, so have taken a slightly unorthodox approach to my BMV interest. As the BoD have considerable skin in the game, a reluctance for dilutive funding and aren’t very transparent, I believe their primary objective is to make money for themselves. A consequence of which is that shareholders would also make considerable sums. I may be wrong in my assessment, but that’s just how I perceive things here and am content with that if the share price eventually gets to 10p+.

I don’t know of any reason why they couldn’t/wouldn’t deliver in 2022. Everything now seems to be in order; funding, purchase of SAU’s 50% etc. The next thing is preparation for production. Hopefully we’ll get some timescales this side of Christmas, or dare I even say at the end of this month, as to when things are happening. That should really get this moving. I’m going to be around definitely until that 5 year production target, but it will be interesting to see the share price movement year on year as production is scaled-up.

They have completely different strengths. Mike Moles is the man you want to assist you discovering the asset, whilst BT is the man you want as the company face doing the PR and potentially selling that asset. Irrespective of what comes out to be in the ground, both have done a fantastic job thus far.

The RNS is a production rate increase, not a resource increase, but I think some people may not understand how significant that news is. Extracting the resource by that greater margin massively decreases your costs per tonne. It also means the Life of Mine (“LoM”) is significantly decreased, providing a huge decrease in overheads over the LoM. The announcement yesterday means whoever is going to be the operator of the site will make a saving of tens of millions of dollars over the LoM.

No that was mine. I took some profits from EUA last week when it hit 37p, then topped up here at 0.319. EUA dropped unexpectedly to 30p again today, so I ended up selling 350k shares here to buy my EUA shares back again. It worked out alright actually, I ended up getting more EUA shares than I sold last week and because this had gone up slightly it’s meant I’ve come out with an additional 80k+ shares here too.

Rather than just thinking the market or the MM’s are corrupt, do you think the drop has been caused by a large volume of holders selling? The mcap of the company did double in an extremely short period of time after all. It was inevitable that a selling was going to increase as profits are taken.

It depends on the results they get from the Proterozoic intersect. If the results are positive it is likely they will as that target represents a significant electromagnetic anomaly.

Originally the Proterozoic was considered too deep. Yes ideally you would want to find something sooner, but 600-700m really isn’t that deep if the grades are good. Mines these days are going 3-4km in depth. This is why the BoD have definitely made the right choice now by extending the drill to the latest hole.

The ideal scenario for KAV would be for both the Karoo and Proterozoic to yield good results, as that indicates a significantly longer life for potential mining. However, positive results in either would be game changing for the company.