RE: Calculating success25 Jun 2021 14:14
Ok Sanchez let’s do what you say and forget all the wise investors you got in early and have had the good sense to track the company’s development and recognise the astonishing progress made by the BoD. Many of those like myself have remained loyal to BMN and with very good reason, whatever you may think.
So on 23 June you wrote the following:
“There has been no benefit to shareholders yet from Vanchem, Mokopane getting a license, expanding Vametco, rising vanadium prices, Enerox, IES investments or even our ATM shareholding, beyond expanding our NAV, which as a metric really is arbitrary on AIM given the wild fluctuations in SP we see. 0 shareholder returns from all of the above. At this point, it is what it is. You can spin it whatever way you want, but thats an unarguable fact.”
Well forgive me but in my humble opinion you are quite wrong.
First those shareholders have the benefit of being involved with a company that is delivering on its long stated plan to become a large low cost vertically integrated vanadium platform. FACT. That leaves the door open for significant future potential share price increases. Just what every investor looks for.
Second let’s look a5 the share price itself (and remember I am ignoring all those ‘lucky’ souls who got in early). Anyone who bought in between March 2020 and December 2020 would most likely have paid LESS than today’s share price and are in profit. Your statement above is therefore incorrect.
Some during that time could have paid less than 9p and therefore sit on significant profit. Any of those investors could have sold at prices above 20p in January giving returns for some in excess of 100% in just a few months.
You are correct that some investors are underwater. As one of the ‘lucky’ early ones I was up to 60% underwater for 2 1/2 years, but I believed in what the company was doing, didn’t judge their performance on the daily sp, held onto my shares and now sit on a very healthy profit. You may think that is not relevant to more recent investors. Well once again I believe you are wrong.
The astute more recent investor might ask why do people like Pdub NickD Alfa etc hold onto their shares when they are on paper enjoying a large profit? Well the answer must be obvious. We think there is much more to come. We follow the company progress … not the daily share price. I can only speak for myself but the numbers look amazing and this share price appears to me to be a real bargain (that is of course just my opinion). We have more experience with this company than most, yet we don’t complain, we remain positive and we look forward to a very exciting future.
(To be continued)
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