Forgive me but I don't think it is possible to predict the future sp and timescale. Past sp moves should have demonstrated how quickly this can move (both ways!).
I believe it is far better to have a general view of where the company is heading and not try to be too specific on sp. My own target remains at 75p to £1.50 but how soon is beyond my wit.
What is vitally important is to get to know and understand the complex strands of the business plan and thus the enormous potential for BMN to give value to its shareholders. This helps to maintain a positive attitude, even on days when the sp disappoints.
As always just my opinion.
Logged in this morning expecting to see a number of positive posts following a rise of 6% yesterday, but what do I find? A series of minor doom and gloom posts!
Niobium substitution. One firm provides about 88% of world supply of niobium. They have to expand production at their Brazilian operations by 50% capacity by end of 2020. Two points. We know from the BMN experience that expanding capacity is not without its problems and that timescales and budget can easily slip. And by end 2020 we are all expecting increased V demand for VRFBs which hopefully will more than compensate for any loss through niobium substitution. Also worth remembering that as I understand it Vanadium at these prices is very competitive with Niobium, not to mention that ferroniobium is not as good as ferrovanadium in strengthening steel. Which makes our product Nitrovan even more desirable and perhaps capable of raising the premium paid. And the elephant in the room ... Chinese enforcement of regs.
The share price. I think those that think this will only rise with VRFB contracts are hugely missing the point about the Vanchem acquisition, particularly if combined with the Mokopane licence. This adds up to 40% or more to the attributable BMN production (remember we only own 74% of Vametco which would currently be the equivalent of 2,100 mtV pa) and that means a lot more revenue and a lot more profit. And AIM likes profit. Any further increases in Vametco production figures would do no harm to the sp either. Higher V prices cannot be ruled out and I think we are all agreed on how that would help sp.
Shorters. They are what they are. They have taken advantage of the BMN sp drop following the V price drop, and depend on low volume buying to succeed. Big news like completion of Vanchem may well have them running for the hills if they have any sense. We shall see.
Now of course major Bushveld Energy developments may send this into orbit, but I always prefer to stick to what I know, as above.
I see no reason whatsoever for negative sentiment over the future share price from long term holders with patience. In fact, as I have often stated, 2019 and 2020 look very exciting for BMN and its shareholders.
Just my opinion. Have a good weekend.
Chish yes what a lucky guess, aided by shooters and fall in V price.
Would you also be gracious enough to thank those many posters that keep this bb up to date with so many BMN and Vanadium issues? Paludina's shipping log, Loudspeakers V price coverage, Alfa's work on TBP and Vanitec and so much else, Ophidian and BBN's high level analysis, etc. please don't forget these good people whose efforts provide info to everyone.
Thanks Ophidian. Side effects painful and frustrated that the chemo has had to be paused. Just wanted it over ASAP. However I can be a tough nut when I need to be and this is a battle I intend to win.
Hope to meet when we are in Padstow in October.
Thank you Zebediah.
One last point from me.
I notice that not one of the trolls, de rampers or ordinary pi's posting negatively has actually succeeded in demonstrating any poor performance by the company whatsoever. Even the idiot who trolled here all yesterday evening failed in that attempt.
The reason of course is that the company has made astonishing progress in the last two years of so, moving from a loss making explorer to a highly profitable mining and processing company. They have pulled off some brilliant strategic moves in that time and more lined up, Vanchem being one of them.
The only thing these sad folks can focus on is the short term share price, taking advantage of the fall in V price earlier in the year and the clear sp manipulation.
I see the next 18 months or so as very exciting for BMN, with increases in production, diversifying both centres of production and the range of products and making a strong move into the energy storage industry. They are leading this charge, not following. And I strongly believe there will be significant rewards for shareholders. I intend to keep my seat and enjoy the ride.
Just my opinion.
Coffeecups I hope I have made my point. You frequently address me as Pub. That is a discourtesy.
My iPad often op autocorrects names in error. I try to always issue an apology and give the correct name, even with those that I strongly disagree with. I expect the same in return please.
BarganeHuntar once again you have not understood the background of many LTHs. We know every bit as much as anyone here about being underwater. I was underwater for 2 1/2 years and for much of that time more than 50 to 60% down.
And let me give you a lesson in the error of pre judging people. At that time (2013 onwards) I was recently retired. Not rich at all. In fact I invested a large part of my pension lump sum into BMN and then saw it reduce significantly in value. I can assure you that was not money I wanted to lose.
However I focussed entirely on the the management and their performance in building the company, starting with their switch from iron to vanadium. I can honestly say I remained positive throughout all of that, as any witnesses to my posts at the time can testify. And my patience and confidence have been very well rewarded.
I see further periods of strong share price growth ahead so am holding and adding.
BarganeHuntar you do what you want but don't you dare suggest that people like myself don't understand what it is like to be significantly underwater. I can empathise with those who are down. However if you invested for the right reasons and understand that games are being played with the sp then you have every reason to remain confident. Just keep focussed on what the company is doing. Eventually good fundamentals will win.
Just my opinion.
Come to think about it why not 5 days? After all who can say when the imminent Mokopane licence will be granted .... or a share buy back .... or further recovery in V price.
Just trying to balance your wholly negative and misleading post.