Member Info for Moneymaker2015

Wolster, Just because I top-sliced at 13p, which has now gone into my bank and has already been spent, it doesn’t make me a “trader” in the sense that you are portraying.

Just a question. Why are you bothered about someone indicating what the share price is likely to do if you’re hear until the end and are sure a deal of £2+ will come in? The current share is of no relevance to you, so why are you going out of your way to defend it?

I’ve saved you the hassle. Read the RNS dated 31 May 2017. You will see the make-up of the reserves and resources at MT. As you will see the Pd equivalent of 2PGM+Au comes in at a ratio of 2:1 Pd:Pt + Au, or 21,000kg of Pd and 12,000kg of Pt.

I may not ramp the hell out this share like you do, but I do know what I have been invested in for the last 5 years...

Mac,

Please, please tell me that you don’t think a Pd equivalent means that the ounces are all priced the same as Palladium? If that’s true, I’d recommend doing some research before you buy into a company and start ramping ludicrous sale figures.

Look at the MT results RNS and it shows you the g/t make-up of MT. Obviously it would only cover the area without the flanks as we don’t have a detailed breakdown of that area, but a reasonable assumption would be to pro rata the current results.

Didn’t know what a palladium equivalent is? What are you talking about?

I called it at 21p the day after trading again. It happens everywhere when there’s been a huge jump then there isn’t regular news to sustain the increase. You’ve got to remember we were at 7.2p, lifted the suspension at 12p, then spiked to 21p. They are massive margins and a lot of traders would have jumped in. They’ll slowly be jumping ship whilst no news is released.

We lifted the suspension around 13p, dropped to about 11p then the next day of trading it randomly jumped to 21p. I did say on the day it’ll form a classic handbag and slowly head back towards 13p without any news. A few told me to shut-up and it will definitely hit 30p instead. We’ll see who is right in another two weeks if we don’t get any news.

No news / RNS for an age? They released an update last week! They’ll likely release another one this week too or at the latest next week.

Have you thought that your email may have gone into their junk mail box or they may just not want to reply to some random guy.

I always find it unusual that people pester companies with emails or telephone calls. People were doing constantly with EUA when that was suspended and they kept coming back with ‘my reply was that they can’t release news that isn’t in the public domain, but they’ll be an update soon’... no sh*t they’re not entitled to give individuals updates. People need to learn to have a little patience in life. The BoD are doing a fantastic job here at getting the mine back up and running again. Just be patient.

That’s exactly the case. There’s much better short term prospects than BMN. Most weeks on the LSE there is at least 1 company that more than doubles in share price. It’s just a case of picking the right one. Being realistic it’s unlikely in the next 6 months or possibly 12 that BMN’s share price will double (without a catalyst or stella RNS).

It comes down the individual and how much risk you’re willing to take on. I usually have quite a wide portfolio and work off a 5 year turn-around and only look at selling around the 5 year mark or after. It seems to work for me too because the only times I’ve lost money is if a company has gone bump or released catastrophic news. BMN as an example, I may be wrong but I’m not anticipating any huge gains in the share price within the next 2 years at least. After that though, I can imagine us to be over the 30p mark and potentially even higher with our future profits. Unfortunately, a lot of people don’t want to wait that long when they can potentially double their money in a few days or weeks.

Rowka,

That’s actually an example of the crazy valuations I was talking about. That is valuing the project off projected revenue, not earnings. Plus it’s not taking into account to 2:1 ratio of Pd:Pt. Companies looking into MT or EUA in general will be looking at average and projected prices. Being super optimistic and assuming they were to work off an average of the $2000/oz, you then need to knock if your costs. Without looking the AISC was around $400/oz due to sales in dollars and not local currency. Obviously initial costs will be significantly higher but we’ll work optimistically. So you’ve now got 10m x $1600 to account for Pd and Au, plus 5m x $400 for Pt. You have got copper and nickel too which without looking I’m sure came to an additional $1b.

The above is VERY optimistic and doesn’t account for not having 100% ownership of MT, but that is your starting point as a minimum. Not 15m x $2000.

It’s for this reason why I’m maintaining a slight bit of optimism that we get a decent offer.

Seeing how some people value the company is amusing because a lot start with 15m oz x $2000. They don’t realise they’ve just mistakenly doubled the value of the company straight away, then they come out with a sale figure of £1+.

However, it’s the number of BIG companies that we’ve either worked with or have had Directors work with that keeps me optimistic. Realistically, a true valuation will give you somewhere between 35-50p. However, the BoD have been saying since early last year that they’ve received approaches from a number of different parties offering to work with us on MT. Then they confirmed a number of parties have offered to purchase our assets. It’s the ‘multiple’ party item that is most noteworthy for us. I’m not saying we’ll be approaching £1, but it’s the bidding war element that may allow us to get there. Due to the size of the asset, parties will be willing to accept lower margins and will ultimately bid higher to secure the purchase.

Either way, it’s an exciting few weeks / months ahead.

Aidan did say in an interview very shortly after the funding was announced that they were expecting it to be received around this time. As it’s a legally binding agreement, you can only assume its heading our way unless confirmed otherwise.

One things for sure, once funding is confirmed they’ll be a big sigh of relief!

...oh and I’ve just looked through the link that was posted. It clearly states:

‘Are there requirements for ownership by indigenous persons or entities?

There are no such special requirements for indigenous persons or entities in Russia’

There’s no issue with a foreign company becoming an owner.

Just to throw it out there. EUA is an England & Wales incorporated company that is based in London. Plus, our MD who has been at the company longer than any other Director is from Ireland. You couldn’t get a more non-Russian company!

Considering they have let EUA mine in Russia and keep throwing mining licences their way, I don’t think there will be an issue with another non-Russian company buying us out.

Yeh that was a buy. The big money is starting to flow in...

I can’t bear looking at these 100k sells for £20k. Just looked through my account and saw that I unloaded 300k in Oct for £3000, Doh!

Well for starters EEE has a little less than 24Mt with Pd at 1.5g/t, so around 1.2m oz. The reason why EUA is flying is because they’ve applied for the flanks and have put up the sale sign. EEE will have to expand Munni Munni tenfold to replicate EUA. Plus, EEE hold a much lower percentage. It’s not a bad share, as I say I am invested but you have to be expecting some large raises before we get things off the ground.

Just read through a few of the other posts, nearly every junior miner on the stock market is going to be the next EUA lol

I’m in EEE and there’s no way it’s the next EUA!

Yeh where’s this 50% I read about yesterday lol.

Why is everyone so impatient in waiting for the share price to increase. You have to be realistic that we’ve got another couple of years yet from this point until we start seeing some big returns. We have an EBITA of $32m from an a revenue of $116m, whilst not astonishing, it’s not bad at all. Next year we’ll have revenues from Vanchem coming into play so the EBITA will increase by a bigger margin. Then there’s Mokopane. As frustrating as it is that the DFS has been delayed by a year, within 2 years this should be complete and with the relatively small capex required, this could be paid for from the companies cash position. Plus, we also have BE which should have made some good progress within a couple of years time.

BMN is a long term hold. If you’re desperate for the money, you probably shouldn’t have invested it. If you’re not worried about the money just ignore the current share price for a couple of years and just watch it gradually increase over the next few years.

As always DYOR before making any investment decisions.

Jersey,

As Dark has said, looking into the risks is the first thing you should do before even contemplating in investing.

Realistically, although possible, on the balance of probability it’s unlikely that the BoD will settle for an offer below what equates to 20p. From our current position it’s likely (although still not guaranteed) you will make a profit on any investment you make below 20p. Obviously the risk increases with every penny you invest above this mark.

The offer situation you raise is a good question. This is a very delicate area for the share price in the short term. If, on the unlikely scenario, a statement was to come in confirming the company hasn’t received any offers, then we would likely see a mass sell out, as people try take solidly profits and mitigate losses. If we received an offer but it was not accepted by the BoD, many would sell out still but others would buy-in. It all depends on how news is released. Take AMER as a prime example, an offer was received initially, the BoD rejected it but announced the figure and stated the thought it was worth considerably more. The share price jumped considerably.

My personal view is that because the BoD have been holding for so long and have substantial holdings, it’s likely they are going to sell on any offer that isn’t sub-standard.