Member Info for Pdub

Struggling most if the morning to get a quote to buy any on HL. Must be some buying pressure.

Well.... that should silence the critics!

What a brilliant investment IES was, and now Fortune is using cash and profit from that to invest in Enerox and building its production capacity.

Brilliant move and all helping to drive the VRFB industry forward.

Yes good to see Vanadium prices continue to rise. More profit fir BMN. Vanadium Nitride in China up a lot.

http://www.asianmetal.com/VanadiumPrice/Vanadium.html

Spev I see you are invested in FAR and are prepared to defend your investment. I like that so well done.

As for the future, and putting aside all the sentiment and hype could you please compare the resources of BMN and FAR for me please. Let’s face it longterm it will be how much you produce and sell, at what price and less what costs and for how many years that will determine the value of both companies.

So ... numbers please. It’s all very well to be loyal to your investment but now you must demonstrate that you know enough about each company to support your claim. So a comparison of the resources and reserves controlled by each company please.

Excellent post JD

Bluerill you do come across as a very unpleasant character.

I suspect your large ego is inversely proportional to your knowledge of BMN and thus you are not worthy of any more of my time. Just another idiot shooting his mouth off via a keyboard.

Fortunately you are irrelevant to the success of both these companies.

Bluerill you sound desperate to knock BMN, a company by the way that I doubt you know much about at all, judging by the utter nonsense you are writing.

As you gain more experience in investing you will learn that you don’t have to attack other companies to make yours look good. In fact it makes me question how confident you are in your own investment.

As a BMN shareholder I think Invinity looks like a company with an exciting prospect, and that demonstrates the wisdom of Fortune in being the catalyst for the creation of this company. It is a pity that you seem to lack the generosity of spirit that allows you to recognise that there are good companies out there other than the one you invested in.

One thing is certain ... Fortune does nothing without a reason when it comes to money ( hardly surprising given his education and background), so having made a very decent profit from their investment here it is going to be interesting to see which project this money is for. I would like to think it is to accelerate the completion of the electrolyte plant.

Remember Bluerill whilst you may not behave in a friendly way to BMN at BoD level I suspect it is ver6 different. These two companies have a mutual interest in each other’s success. Remember that before you go badmouthing BMN.

Apologies to others for taking time here but I can’t sit by whilst misleading comments are posted here about my investment.

Don’t normally post where not invested but having read some of the utter rubbish posted here about BMN and its financial position it is necessary to correct the lies.

BMN is on track to produce in excess of 4000 metric tonnes of Vanadium this year. Production costs at Vametco in range of $20 to $21 kgV. Current Vanadium price between $32 and $35 kgV. Vanadium price is once again rising. BMN is generating significant cash and profit.

BMN also have a finance package in place that will provide all the cash they need for expansion and development.

It is not a question of financial trouble (that fantasy did amuse me) but what is the money for. The investment has worked well as BMN enabled IES to come to fruition and that company is doing well. Now BMN have withdrawn part of their investment at significant profit so where is it going? One possible candidate is for more investment in the electrolyte plant to bring production forward. If that is the case I wonder why they need that electrolyte and quickly? Hmm ?

Of course it could be for another project but we will just have to wait for that news.

So don’t bite the hand that fed you. BMN helped put together Invinity and they will have a close working relationship going forward. No need for you lot to turn nasty on the company that most likely will provide your electrolyte. We are in this together so grow up and try behaving like it.

Sorry to intrude on this bb but on this occasion it was necessary.

RM that really is a ‘how long is a piece of string’ question. I think longterm will have a different meaning to each investor, and their interpretation may change through time.

For example, I first invested in BMN in October 2013 (some but not many on this bb will have been here a month or two longer), buying between 3.3p and 4.5p (though then I worried about getting my money back when sp retraced into 3ps). I dreamed of the sp hitting 7 to 8p so I could take money at 100% profit.

Then on 27 November at a shares presentation I met Fortune for the first time and on the day they announced the Mokopane Vanadium project. I was so impressed with him that all thought of selling at 7p went out the window and my target went up yo 12 p. Just as well because within a day or so the sp exceeded 7p and I probably wouldn’t be invested now. When BMN announced Vametco acquisition target to become producer at low capital cost and very quickly then my sell target and timelines changed again.

So my target continually shifts and for that reason I can’t answer your question specifically. What I can say is that if they had not been so good at growing this company through acquisitions, production expansion and new developments like BE I would have taken my profit long ago. But that is the point ... they have done a brilliant job so far and their future plans are equally exciting. I am here as long as I am physically able, even if that means only my estate benefits.

Some here seem to only follow the share price. I follow the company’s progress and look for future value and to me the potential sp growth looks amazing.

It is a great shame that only a few here have met Fortune. You may then understand why I and others are so supportive.

Hope that helps.

Just my opinion.

Rigger-Mortice the key word is “Longterm”

I am a longterm investor not a trader. Big big difference. Whatever price anyone has paid I firmly believe that BMN share price will give good returns for all.

I appreciate your concern for the well being of my friends and family but they are a wise a experienced bunch and can make their own decisions.

Hi MIKINAMAN. Yes the first 40p + ship has sailed but you have your tickets. Just need to wait on the dockside for the next one to arrive, subject to the occasional storm delay and canal blockages!

Daisydog I don’t wish to dismiss your concerns about friends that you have recommended BMN to. Likewise I have drawn attention to this stock to friends and family. I hope I have always been truthful and said I see it as a long term hold. Do I feel responsible? No. Absolutely not. In the end each individual is fully responsible for pressing the button.

Did I warn them that the V price would rise to over $100 and then crash? How could I?

Did I warn them that the COVID Pandemic would arrive? How could I?

Some of those people sold, with at least one in 40s and made large profit.

Some have traded in and out, making profit along the way.

Some are invested long term including pension money. They still hold. They will make money long term.

I am not aware of any that have sold at a loss.

That is a track record that I am happy with.

And there is your problem CHoS. You think that because you don’t know what is happening, then it’s not happening!

Because you don’t know what is going on at BE it can’t be driving the VRFB industry forward. I shouldn’t have to explain the obvious weakness in that position.

I doubt if anyone here thinks BMN are great at PR. At best it’s a mixed bag ... they have given some very good interviews for example, but yes could and should do better.

But here’s the thing. At a presentation some years ago Fortune told me and others that he only likes to give news when it is real, ie when job is done. He has repeated that po8 t since. He doesn’t like fluffy RNSs etc. Now you can agree or disagree as to whether that is good but it is his way. I doubt that moaning about it on this bb will make any difference. What impact a friendly but persuasive email might have I can’t say.

The point is that just because BMN are not reporting back through all those RNSs that we would like to see, that is not the same as nothing is happening, which appears to be your position (erroneous in my opinion).

My own view is that Fortune and Mikhail are most likely very busy running and growing the business. I hope when they do bring news to market it will be significant and will belo to restore sentiment in this great company.

Until then we will just have to be patient.

And there is the problem Fizzy. You are unable to think beyond that. As a result you seem to have lost sight of what the company has achieved and what they are building for the future. I have no problem with that but then when that very limited view if BMN is plastered al” over this bb it gives a very misleading picture of the investment case because it does not set the context of how much the business is achieving.

I do agree that comms are poor and I don’t understand why. However whilst more info to market may have some impact on share price, at least short term, building a solid business is much more important. And that is precisely what they are doing.

Fizzy if you have something specific to back that up about the business then please share. As far as I understand it they progress over the last few years has been nothing short of amazing.

And you need to give them credit for riding out the dual storms of COVID and the 2019 crash in V price.

CHoS how would you describe the performance of the BoD in building this company from an upstart junior explorer to a miner and producer running two of the worlds 4 primary vanadium producing plants, driving the energy storage industry forward and investing in other VRFB businesses. With a straight face try and tell me this story is anything less than brilliant.

Fizzy on the assumption that you can read I have not said I am happy with the share price. However I am very happy with progress made by the company, in spite of some very challenging circumstances over the last three years.

This is a proper company building a rock solid business. That sort of company will find its true value. Some won’t have the patience to see it through. Pi’s on AIM are not noted for their staying power. Perhaps Fizzy that describes you. I would love to be able to say I will see this story through but of course cancer is likely to have the last word their. For those with patience I think this investment will bring about great returns. Many times I said the same thing in 2015 to 2017 ... just before the share price rose from 1.5p to 48 p.

Fortune has done and continues to do an amazing job, starting from nothing and turning this company into an important miner and producer in the vanadium space.

Don’t forget that since 2018 BMN have continued to build and grow this company despite COVID, despite the massive drop in V price in 2019, despite the SA Government, despite the capital requirements for purchase and expansion of Vanchem and Vametco.

This success has been extraordinarily difficult to achieve and maintain, yet they have done it.

Any calls for BoD change are as ridiculous now as they were back in the days of 1.5p share price. Those calling for Fortune to go in 2015/2016 were shown to be completely wrong then, and those making the same suggestions now are I’m afraid being just as silly.

Yes yes comms are poor but I doubt that will change so how about using your energy more productively and spread the good news about BMN. Try and build sentiment not damage it. Then just maybe we might attract more buyers and who knows .... when the current share price manipulation is over we may see fair value for our investment.

Apologies for using common sense and historical fact to counter nonsense posted on this bb

On paper yes Fizzy. On paper because I made a long term investment so haven’t sold. My average is less than the current share price. Apologies for spotting such a talented CEO very early in the company’s life and believing that he would deliver on his plans. History tells us that is exactly what he is doing.

Fact check. The share price tonight is still higher than at any point between March 2020 and early December 2020. So definitely not a continuous decline over two years. That was either a lie or the result of lack of research.