Member Info for munchbox54

Bandit. I agree with u 100%

I think newkotb mentioned it a while back. We should look forward to Arran coming online. The acquisition will happen but I am sooooo tense when I read a number of different investor views especially ones that back it up with charts and history especially the type of downward leg that’s coming up.

I think Rre are in good stead but at the same time there’s a weird feeling in the markets ..... I certainly feel it when I trade hence my last 5-6 trades in the market have been quick and thankfully at profits. Only position I’m leaving until Armageddon are RRE and SEP

Shorts increase at centrica .... I think they will want to shift spirit energy before the next market leg down.

Just thinking it could be deja vu here where rre make acquisition and triple ..... only for the sp to get caught out on the next wave down .... anyone who thinks the market will not fall lower from current levels needs to look again because it’s very toppy on many indicators.

What really bugs me is why we are still stuck here and not put on a few ££ to the sp.

Reality check. They did the following :

Chad : best thing since slice bread .... first mover advantage .... dropped it and moved on ...

Ghana .... lithium mine half decent but it’s all dried up and following a placing or 2 they think CDI is the place to be.

CDI - excellent opportunity for IRR to move in to the big league and following a number of proactive investor shows and money talk documentaries by the VM machine it’s nit what they wanted so they dropped it and moved on to Zaranou

Zaranou- this is the one , that evening covid 19 missed its that good ..... following more placings and ramp parade interviews it requires hundreds of millions to ever be realised and is many years away from mining.

- where next after Zaranou ? Another afrIcan licence acquisition and yet more dilution ??

These guys will dilute as they have been doing on a regular and NON of their backers want to snap up the shares because they simply know it’s a pie in the sky here.

With the big boys they have IRR wound have been swallowed a long time ago if they had anything meaningful.

Ohh, in between that MR Crow has sold his entire holding And Mr Mathers of dgr sold his holding also.

They have destroyed investor confidence and looking at the graph it’s been criminal if you listen to the pump from VM yet the market has grown tired of false promises.

So please can we get real here. Market pull back is due very soon , gold may hold or pull back , either way these are going lower. Only invest what you can afford to lose here.

I remember the company announcing that future production costs etc were under review , I wonder how the stockpile is getting on considering the mining situation is SA. Also we have $34m in cash which to be fair is not much and also $20m of that was drawn down from the debt facility. I think we shouldn’t discount a fundraise from here , would be an excellent time to add more. Either way there’s too much good here over medium -long term To trade this. This time I’m staying put.

I like the way you post about Lek.

Personally I feel they need a lot of money to get value and we all know the problem is ...... too many assets out there been seriously devalued and short term better value than Lek assets.

I’m very heavy in Seplat..... I think we are more concerned with our ANOH gas project which will produce 50k bopd giving Seplat net 25,000 bopd taking our total production above 80,000 bopd although that comes online next year.

I think we could bid for Lek but £50m or about 10p a share would be max offer. Don’t see £100m being offered on those assets in this climate.

Nevertheless it’s a thought and there’s always a possibility seplat will bid.

EZHIK. Excellent post. Short. To the point. Ain’t nothing happening here for a while. Stop ramping this Cristalball

By the looks of the decent replies I might have a loyalty card here for what we all went through with Cnr 6-8 months ago.

I wish you guys all the best here. Hindsight is a wonderful thing “ thelearner” It just shows you never to be greedy or to fall to much in love with any stock.

Seingred nice to see your still here, I hope there is not an opportunity to buy in the 30s but for me personally the market in general is very toppy and I feel it all just needs a pull back including gold.

The next end of land secured and maybe an offtake will really put the cat amongst the pigeons.... but I fear it will not come very soon hence the market will catch out many stocks taking them lower.

Looks like this was coming. However it’s really interesting why they raised that exact amount n not more fir example.

I think they have legally agreed the purchase with land owners and this is the sum they required.

Long term much higher sp most definitely but short term I can see the sp testing mid 30s. Just my opinion.

Good luck. Still can’t feather myself to buy. Remember there’s not much happening until land is purchased.

Fun could be over for the short term.

Gambit. Good post. Makes sense .... but you missed out the real reason why the sp is here currently. Then assets all serve / contain / produce / a product called ..... Yep that’s right ..... VANADIUM. The price of vanadium is what the market is looking at.

Spot on caml. These are heading back to 5p as soon as the market turns red.

Was in before. Been watching carefully. Sold out earlier and am hoping I can buy back in. Don’t think I would knowing how long we were stuck in the 20s. I remember a really good debate was to do with land purchases and the fact it’s taken MC this long and still hasn’t secured that parcel of land that’s required. So technically it’s part of the reason there’s been no takeover offer or other concrete news that we waited for. Either way guys I wish you all the best. Last few rns releases have been good but at the current price I see more risk .... only because I was stuck with these for so long in the very low 20s.

Maybe I will buy 70% profit is not to be sniffed at. E wry one to their own mate. Good luck to the ones who want 10% and also to the ones who want this to 10 bag. We are here to make money AGAINST the market not each other.

Faramog.

Although many will trade this stock I’m looking to hold this time.

We DO NEED some decent news for the next leg up or it will be 30% up and then 30% down. Market don’t know how to value this because newsflow has dried up. Not all is at BMN fault but slowly we should get decent rns trickling through hence the restate will be on.

Cheers faramog. I was being cautious. Felt martlet was topping out but it’s broken through the resistance and especially with BMN the real rally comes when market sentiment is really good and I can see the market now pushing on. We just need a really good rns to break even higher here. This is certain to smash 15p resistance today / tomorrow and free run up to 19-20p. Any decent rns and we could have dizzy highs of 23-24p next week. Good luck guys.

Daddy. Loooooool. Your spot mate. Problem with her is a set a stop loss ..... it crashed through that to new lies and I still can’t get out. Haaaaaaa

THAT I LOVE THIS BB. It’s been 30min I’ve bought back in and I feel like I’ve done the best thing since marrying my wife Luv to all bmn ers. Hug time !!!!

Looks like another attempt to breakout has started ..... key to any breakout is volume and there’s plenty flowing today.

16p close here is my bet .... up 18% with another 2-3 day consecutive rally causing this to hit 20p by Friday.

Tier. I will give you my 2pence quickly. The truth is always in the pudding and in the case of HUR AND SAVE you see the graph that resembles investor destruction. Simply put you cannot believe anyone or anything unless you see it for yourself. In the case of HUR I think recovery is possible although they did play the investors by not informing them earlier yet if you followed the charts you would have got out earlier. That’s why you should always set a stop loss.

With regards to SAVE the potential is huge but let me tell you that little R a T ...... AK is toooo quiet and the PR is very concerning here. Although assets they have look good long term I feel there’s more at risk here than meets the eye. Luckily I sold after relist And to think the company is in a way better position now than when I sold shows you the sp at 7p says something else.

I have nothing against anybody posting on any bb but some have just ramped these to the moon and back ..... what really upsets me is they still haven’t stopped. For god sake stick your cash flow and EPS where the dog can’t find it because what your saying and the company officially announced are chalk n cheese. Again the market have save at 7p for a reason. I really hope you guys get your investment back. Good luck.

Thank you 13martin. Much appreciated. Have a great weekend. Buying here Tuesday morning

I’m looking to buy. Been watching for a while before when they were 50p many years ago. Seemed to have become a monster now. How much is the dividend ??? Cheers