Member Info for Pdub

Invest987 ... no results!

Thank you Admin for responding to my complaint about this poster.

Great to see some life in the sp despite the presence of trolls on the bb.

Regards. Pdub.

Invest987 I note that among a few comments you have posted today you mention my name. If you have anything to say about me address that now and directly to me. Otherwise kindly leave my name out of your posts.

In which case I need to get my cash ready to buy some of them. Anyone else?

See what I mean!

Thank you admin.

Report the troll and email info@lse.co.uk with request to run identity check. This is most likely the same banned idiot. Pressurise Admin to get rid. If you do nothing then don’t complain if the bb gets disrupted and sentiment drops. That’s what they want. And don’t engage as that is also their aim and you won’t win!

You keep posting Libero. Ignore the latest troll incarnation. I like your optimism and enthusiasm which is a perfect counter to the miserable trolls.

Oh and shame on those that recommended the trolls negative comment. I am surprised you were conned so easily. Learn your lesson.

Of course the 14.47 post by myself is purely my opinion. Others may disagree.

Johnpwh I refer to the following comment by you:

“... Having worked in finance my whole life I know several people who have gone to senior roles in the FCA, Tax Accountants, Actuaries and Financial Accountants, all with brilliant minds....”

That is very interesting and at the same time disappointing. The FCA should be protecting consumers / investors / etc from the worst criminal excesses committed by some very clever people in the City. It is clear from reading chat boards like this one that the FCA are generally held in very low esteem by many investors, and that suggests something not right with the way that they operate.

If the perceived failure of the FCA to regulate markets like AIM was due to incompetence by those running the FCA that would be bad enough. However you have made it clear that those running the FCA have ‘brilliant minds’. That is far worse !!!! You are suggesting that they know exactly what they are doing. That implies that they are complicit in maintaining the status quo and that the very evident shortcomings and failures of AIM will not change as long as the FCA is staffed by ‘brilliant minds’ from the same trough.

I hadn’t given much thought to this until you pointed out that the FCA is staffed by ‘brilliant minds’ that really should be doing a far better job to protect investors.

Oh and I suggest that anyone who is naive enough to think that AIM functions as a normal market where the price is controlled purely by supply and demand needs to wake up from their sleep walk!

Well James we will just have to agree to disagree. Two views of the same set of facts. One negative, one positive. If life has taught me anything it is that the latter wins hands down!

However that is only my opinion. Others are available!

Faramog your interpretation of the Director’s source of shares is a rather narrow one ie they haven’t bought any themselves but were awarded them. Yes that is one (negative) way if looking at it. How about taking a more positive view like this:

The BoD could have taken their bonuses in cash but ... this would stretch the cash resources of the company during a period of growth, restricting cash available for investment. It would also have given those Directors choice ... they could have used that money to buy shares on the market, providing RNSs of the kind that many would like (fair comment) .... OR they could have chosen NOT to buy shares and for example buy a new car or a bigger house etc etc (no nice RNS!l

By taking those bonuses in shares in effect they DID buy shares in the company and provided a great big vote of confidence in the future of BMN. In doing so they also removed the option not to spend their bonus cash on shares because the bonus was delivered as shares. I applaud them all for showing confidence in the company and retaining their shares (other than as announced to settle the tax bill that resulted from the bonus).

It is time that regulars on this bb stopped recycling the notion that Directors haven’t bought shares. As I hope I have demonstrated by taking bonuses as shares they are in effect buying those shares. It’s not a difficult concept to understand so let’s not carry on scoring own goals with this.

No offence intended with this post. Just frustrated at how often this idea gets circulated without proper balance. Needed a different perspective to be added.

Well said Gambit. Couldn’t agree more.

Just catching up from last couple of days and wanted to add some info.

I bought into BMN in early October 2013 following a heads up on another bb, backed up by reading Corbine’s posts on BMN.

Correct that at the time BMN was a junior mining explorer with a significant iron ore resource but with no production assets. There was some excitement about the other minerals within and overlying the iron ore deposits. As far as I am aware BMN still has these assets.

The Vanadium platform was not announced to the public until 27 November 2013 via an RNS towards the middle of the day. That evening Fortune Mojapelo did a presentation at a Proactive Investors evening in London which I had the privilege of attending and meeting him for the first time. I was very impressed with him and in the following months added more shares, which I hold to this day.

The Lemur coal asset (Madagascar) was not in the portfolio at the time. That was acquired later when BMN gained control of Lemur, along with several £million in cash in the bank.

At the time of the takeover Lemur were in the process of purchasing the Brits vanadium asset in SA, adjacent to the Vametco mine and production facility. A very important strategic move given BMN’s later acquisition of Vametco! BMN completed the acquisition of Brits after the Lemur takeover.

Was the Brits acquisition a coincidence? Haha !!! Two of the directors of Lemur were .... Fortune Mojapelo and Anthony Viljoen (now at ATM). These guys if you didn’t know it already plan a long way ahead. Fortune is a very clever strategist.

Some of that may be of interest to folks. If not then apologies for taking your time.

Regards. Pdub.

Pjx in November the sp was 12p. In just 2 months or so it’s up 50%. That is excellent.

It is not uncommon for a sharp rise in any share to be followed by a retrace but your description of the state of the sp simply demonstrates your lack of proper research. Hope you have a day job.

Question: Is a Director that agrees for their bonuses to be paid in shares showing any less confidence in the business than one that is paid a bonus in cash and then spends it on shares in the company?

Think about it.

Exacrly

Bushmaster I don’t comment much these days as my 2 year battle with cancer has understandably occupied much of my thoughts. However I try to read the bb as often as I can and this evening logged on to catch up with the last couple of days of discussion.

I was enjoying reading this particular thread until your interventions “lit the fuse”! And I have to say that I am not surprised that your careless wording provoked adverse comment. I am going to refer to just one example from this morning as follows:

“If from 24p to 18p, and by the looks of it 16p, if that is not tanking what is, the SP is performing badly,”

Putting aside the provocative term “tanking” I have a real issue with what you left out. You need to consult the share price chart for the past two months or so. In mid/late November the sp was around 12p whereas it finished this week at 18.375. Now I know nothing about your education but I think most here could work out that is a rise over the period of around 50% !!! Yet you describe the share price as ‘performing badly’ ???? Sure there has been what to me looks like a very suspicious partial retrace following the rapid rise (hardly unusual on this broken AIM platform), but to describe the SP as ‘performing badly’ is highly misleading and certainly needed challenging. Misinformation of that kind must be called out.

If someone has predicted 16p I take that with a large pinch of salt as no pi on AIM has the ability to reliably know what any future sp will be. I have no idea what will happen to the sp over coming days and weeks but I would not be surprised to see another rise shortly, particularly if backed by good news of the sort we are hoping for soon.

I appreciate that you may have found yourself backed into a corner and felt the need to come out fighting and I have no doubt you are a very tough individual, though why you think it necessary to prove your independence on this bb I have no idea. However your aggressive response to Alfacomp and others was not justified as it was your own careless comments that sparked the response in the first place.

If you continue to make out of context comments like the one quoted above it is hardly surprising that some are suspicious of your motives. Assuming you are a decent person and a genuine investor then more care over your language could avoid a repetition of today’s spat with some long-standing and respected posters.

All just my opinion and I have no intention of passing further comment on this rather unnecessary debate.

I am however looking forward to the coming months which have the potential to be very exciting for BMN shareholders.

Pat what you describe as ‘excuses’ for not paying a dividend I see as sound business decisions. The company is still going through a period of rapid expansion and needs its cash to fund that growth.

Of course dividends are attractive to investors but long term it is likely that greater returns will come to shareholders when the expansion plans are achieved.

Should V prices reach such a level that the BoD feel that margins are large enough to provide a dividend I would not argue! The current rising trend suggests that scenario is not impossible!

Morning. Just to add a little more good news about rising prices the graphs on vanadium price.com show that the current rising V price trend in China and Europe began around 4 December 2020. In that time there has been just on short lived pause and no significant reversal.

The current Europe price represents a 10 month high and I have seen no evidence to suggest that this trend will finish anytime soon.

https://www.vanadiumprice.com

Reason to be cheerful?

Thank you LUCAN. Just seen your post. Much appreciated. I will look into it.

Kind regards. Paul

I add this comment for no particular reason (!) but I believe it was Fortune who several years ago said that he needed iron ore prices in excess of $100 .....

Hope I am correct and make of it what you will.

Pdub.

NorthBank correct I do dislike Trump. However that is not the issue. Trump has been defeated because he lost the election!

This arrogant self centred man is not big enough to admit defeat and is desperately trying to cling on to power. In doing so he threatens the American democratic process and even risks civil disorder.

In my opinion he has proven himself unfit to be President and the world will be a safer and better place when he is gone.

I am delighted that so far the US Judicial system has demonstrated its independence by throwing out the many ridiculous and unsubstantiated claims of fraud. I hope it continues to do so. An independent Judiciary is an essential part of a functioning democracy. It is one of the reasons for optimism about the future of South Africa too.

Just my opinion but I suspect I am not alone!