Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
"smart move by the BoD doing the monthly payments as it does, or should on paper, reduce volatility."
And, as stated by the BoD, it also allows holders to accumulate shares through divi reinvestment while the share price is at these cheap levels.
Pdub - "I must congratulate you offmessage for managing to make such a positive start to 2022 for BMN sound so negative."
That was my upbeat assessment ;-)
I acknowledge the points you make, about increased production, lower costs and higher product prices. These are the things that make me feel that the business is probably doing ok. What I was lamenting was the uncertainty that still remains around meeting higher production targets and moreso the lack of detail provided by the company on expected operating profit, none opex, capex plans, any future funding requirements and possible fcf and its intended use. Given your undoubted in-depth knowledge of the company, your comments: 'is likely to have generated significant profit' and 'group revenue and profit should be very strong' serve to illustrate the dearth of any real detail in this regard. I'm not intending to be negative, I agree that progress is being made, but I am uncomfortable with the lack of clarity provided by the company around financial planning and analysis and I believe this could be a factor in the sp languishing where it is.
Hopefully better than the share price; but it's complex in its structure and not very transparent so one imagines it ought to be doing well, but it's difficult to be sure just how well. They expect increased production this year but also kicked the can down the road to H2 and commissioning of the kiln for production to be in line with those expectations, so there's still some uncertainty around that. They failed to generate positive cash flow in Q1 but without full details of the non operating costs and planned capex it's a bit of an unknown as to whether that will change for Q2 and beyond. If they do generate positive cash flow it's unclear how that will be used. So there's a sense that it's doing ok but it's hard to quantify due to a lack of certainty and clarity, symptoms of complex corporate arrangements and poor and irregular communications.
I was looking at a company yesterday, another commodity producer, who update their investor presentations almost monthly. In there they examine a range of product prices and model the impact of those on operating profit and fcf. They talk in detail about capex plans, loan repayments and plans for spending excess cash on divis/buy backs, under each of the product pricing scenarios. It's all very clear and uncomplicated, as it should be.
Perhaps similar up to date analysis is published by BMN, but it's not something I've managed to stumble across and really, it should be right there in your face. The most recent investor presentation on their site is from sep last year, 9 months ag, effectively an eon in terms of the geo-political and economic landscape. It just leaves you with a sense that they might be trying to hide something; I'm sure that's not the case but they leave far too much room for doubt and this is what is being reflected in the sp.
"Not with me. But then I look beyond the daily share price."
And when you look beyond the daily price you see a multi-year down trend that's severely eroded shareholder wealth.
"Bounce back day tomorrow "
Jam tomorrow, can't wait.
"...last week’s somehow expected US CPI read"
It came in at 1% against an expected 0.7% hence the sell off.
"Here’s another one for all you who called this a conspiracy theory 6 months ago when I said your hearts will start packing in over the next 3-5 years And that human immunodeficiency virus can develop from the vax"
Did you even read the link you posted? You definitely didn't understand it. You're scientifically illiterate and completely unqualified to form opinions on the efficacy of vaccinations.
"This company will not fail"
The fat lady is clearing her throat.
"If so, what is that proportion?"
90% of production is UK:
https://www.harbourenergy.com/operations/united-kingdom/
" SQZ is nicely up again today, now up more than 20% in past few days since their WT/RNS update"
We could do with a similar RNS here to get rid of any uncertainty around wt impact.
"Richard 3rd’s body was found ..with a sword wound in his back"
Is that a metaphor for 4d holders?
"It would be interesting if someone on this board had experience of working in the stock exchange and could come up with a few theories as to why we have been forced down bearing in mind todays buys."
Occam's razor says your buy and sell data is innacurate.
Boris is a ******. We need someone to really deliver on the benefits of Brexit. That means stopping trade with any "partners" that try make Brexit look bad. Namely, the EU and US with their moaning about the GFA, and India with their attempts to offload villages full of peasants on us in exchange for a post-Brexit trade deal.
This leaves China, the next PM should build bridges with China and open our economy to their massive wealthy middle class. The Chinese are willing to invest as well, African economies are roaring off the back of Chinese investment."
This has to be satire, right?
"There's a gap in somebodies brain and I hope it gets filled."
lol nice one, have a recommend
"Bushveld going for 10 yrs, so the right time to come in would be about now then."
Unless it drops further, of course. Not sure what catalysts are on the immediate horizon, I think we're a few months from the next production update so could languish down here for a while yet. I've got plenty but will buy a few more sub 8p if we get there. There's a gap down to 4.5p but can't imagine it would hit that.
"are you the farmer?"
Stop saying that, of course he's the f****g farmer.
"the blueberry farming, solar energy, environmental and community responsibility, and black economic empowerment"
They're such a progressive company, I'm genuinely proud to be a shareholder, they deserve to continue to prosper.
"So you have forgotten how Sadaam was burning and killing the kurds in northern Iraq and making them flee across the border to escape his brutality. "
I remember that was one on many stories spoon fed to the public to gain their consent for military intervention.
"offmessage Sadaam did invade Kuwait though."
That was the first gulf war
"Remember Sadaam Insane"
Yeah with all those weapons of mass destruction that he could deploy in 45 minutes! The yanks needed to kick someone after 9/11 but it couldn't be their mates the saudis so Iraq became the fall guy. The only irrational psychopaths were Blair and Bush.