Member Info for Ninvestor

New bloke clearer and to the point than the last, good luck to him.

Heath Ledger gif for FM leaving the building?

Situation is awful.

If it wasn't, there'd be an absolute bidding war with the market cap this low.

Nobody wants it.

Cindercone
I believe that a while back, you suggested Summer 23 as your personal cut off point for the BOD?

Read everything, believe nothing. Good advice.

BBN has fantastic content generally and is worth following but I ignore his buys/sells.

I'm quite ok with today's update:

Vametco - going good for now
Vanchem - going ok when the power's on
Missed guidance - pretty much 100% predictable given poor track record - but missed by less than I thought
Belco - this year
Vanadium up for now

The massive massive issue here is loadshedding. If BMN had 20 plants and one was prone, it'd be ok, but with only two; it's such a red flag.

In the past; Vanchem has soldiered on when Vametco had long shut downs and costly maintanence, when those times come again (they will) the company is at risk of periods of time when they're producing literally nothing. Eskom has always been dreadful but this situation is really bad.

Belco better start making money fast, because once more - we are totally at the mercy of the Vanadium price - which historically; is pretty volatile and possibly always will be.

ZQ33.
A free tip: Paper loss is just a number on the screen. If you think the SP is going to be 2p next year, why not sell now and save yourself losing another 50%? You could then put it into a better company, or rebuy Bushy lower and have a much larger holding.
It's only worth holding if you think its going up sooner or later!

Trader or not, it's true.
As someone who has been critical of guidance downgrades in the past, I sincerely hope they're able to produce the (minimum) 5000mtv that's been mentioned more than once, in 2023.
Producing more drives costs down, and whilst that should always be important; it's more vital than ever before at this time - and in the next year or two. GLA

Surprised BBN has taken some criticism here. In my 5+ years in Bushveld, he's been arguably the best PI analyst of the company - called Vanchem long before it happened. The communication issues at Bushveld have always been a weak point, and they always will be under Fortune (in my opinion). However, there's nothing new in that, and if you've paid your money to take a chance here then it should probably be factored in to your risk assessment. Is it frustrating? Mightily! Making money will have to do the talking and we'll see where we go. I'm very interested to see how Orion plays out, I have a hunch BMN will placate all sides a bit and then kick the can down the road on that one.

https://uk.investing.com/news/stock-market-news/taiwans-prologium-seeks-european-site-for-8bln-battery-plant-2740895

You have to think these installations are undeniably going to gather pace throughout the decade.

For those that do Twitter, BBN put a good thread up today. By his own polite standards it's probably as scathing as I've seen him regarding management.

Tories throwing cash at nuclear

https://news.sky.com/story/sizewell-c-nuclear-power-plant-given-green-light-with-700m-of-government-funding-12686828

Bit harsh Codejunkie. It is what year after year of disappointment and share price decline does to a person. DD has been here years and confessed to still holding at a significant paper loss. Perhaps you should cut him/her some slack and direct your attn to those whose hands our money is in. We're all frustrated with this.

Correct me if I'm wrong, but I'm near certain that Alfa once said; if BE gets any less than 50% the Eskom Tenders it should be seen as a disappointment. That underlines the situation, and for all the talk about World Bank money/IDC etc... it does not look great.

I am in Knuttie's corner on Eskom really, not wanting too much tied up with them anyway.

Focus now needs to be;

Production up and costs down
Finish Electrolyte plant with zero or very minimal delays
Work out what on Earth to do about Orion next year.

BMN need to get their heads down through this recession and do the simple things right.

True HarChris.
However, in that 5 years there's also been War in Europe, the worst Pandemic in a hundred years, rise in popularity of crypto etc- I would imagine that risk appetite for small AIM mining companies is not what it was amongst PI's, especially in perspective: The S&P500 has been trashed recently, but would've still returned over 50% in the last 5 years!

On a closer to home level, people have learned the hard way about Vanadium spikes, the company have missed targets and been accused of poor communication and unnecessarily complex. Shipping has been disrupted (not their fault) and Vametco has been costly. Bushveld Energy has produced little and Mikhail all but disappeared from view. There always seems to be a seller and the cloud of Orion will hang for long after Duferco.

So, whilst I agree that the share is undervalued, many PI's are 'once bitten twice shy' types and when you compare it to 5 years ago; Bushveld is like that girl you always liked - and she still looks good - but now she's got two kids and the ex is hanging about..........

@Pdub - I agree strongly with the bulk of your post, however; you once told

'me to shut up (albeit in a subtle disguise)'

... because you didn't share my sentiment on missed guidance. I reacted as you did today!

You can't have it both ways my friend.

Yesterday.
Too early? Perhaps; pleased to be in at this price though - 29% down on the year seems extreme. Assuming it's profit taking and/or using the dip to trade back and accumulate after an excellent couple of years.
Good leadership and pleased to be in a company where the directors actually purchase.
Hoping the turnaround is on the horizon!

Broker ratings are what they are. Sp angel had us at 87p for about 18 months!
AIM's a popularity contest most of the time, just not our turn at present...
Every time the company release a tweet they get trolled by unhappy PI's stuck underwater. Human nature, innit.. Sentiment is nicht gut.
We need to sit tight until Duferco are (probably) gone and this litigation rubbish ambles by.
Hopefully nothing too expensive at Vametco in '22 or Strike action and things *should* be plain sailing.
Once the E.Plant is up and running I assume we will be hearing much more from Mikhail, I support his vision and respect his intelligence but he has been too quiet for too long - he used to be at all the interviews etc.. Bit weird if you ask me.
Many here worried about the SP, understandable...
I think we need to wait for a whole different era of Mcap anyway.. What's the point of holding 5-10 years and selling next time it's 25p or 30p.. May as well have bought the S&P.
Back half of the decade this could be very special - we have to embrace the bumps along the way, I guess, and have the conviction to hold.
Signing off for a while so this bad boy can warm up the bottom drawer
I SHALL RETURN on 01/09/22 to catch up with you fine Gents & Ladies.
Take care all and let the good news roll............ When it's ready to!

BE has long been linked to it, so hopefully interesting developments to come.

HNY all.

I don't suppose they will, but I do wish the company would make it a priority to rid themselves, and us, of this f'in awful dodgy market.

Hey Razor!
I haven't reached a conclusion yet, liking the look of Assura and Unilever to bounce back though.
Have a great and safe Christmas all.
Here's to the small matter of an electrolyte plant next year!
Cheers

Good to see you back, Alfa.