Member Info for Pdub

Tomorrow I am in hospital all day having some more bl**dy awful chemotherapy. That means that I will not be around during the day and will be feeling like sh*t in the evening too, so no contributions from me.

Had a significant and very painful complication during last week’s session so dreading tomorrow. Frankly I would rather have spent this evening mentally preparing for this but I don’t get to choose when trolls raid the bb for their own selfish gain. All this just so you guys can attempt to steel value from ordinary shareholders. That is why I hate trolling. Extreme selfishness with no concern for any deliberate or unintended consequences.

I don’t care how good or bad you trolls areat what you do. What I have is honesty and self respect. You may wish to try it one day.

Remember folks these trolls are not here for your benefit and will most likely be removed (again) by Admin in the morning.

Remember these are people banned from LSE for such things as lying, abuse, misleading posts, etc so do not be so stupid as to believe anything they say. They crawl back in out of hours with the single purpose of misleading you to suit their own agenda. Don’t be their cannon fodder.

Their most feared opponents are well researched LTHs who actually know the company and can counter their nonsense. Hence the frequent targeting of LTHs to try to spread disharmony. NO NOT BE TAKEN IN BY THE IDIOT TROLLS. They are not here for your benefit.

I trust none of you have been stupid enough to recommend their posts.

As with yesterday the idiot trolls will be gone in the morning.

Sorry to remind you Lindon but you now have a troll using your post from the other day to divide the bb and damage sentiment.

Your response to my comment about your post at the time was sharp and rude. However it would seem that I was absolutely correct to voice my concerns.

Perhaps you may find yourself more willing to listen in the future. Then we might avoid a repetition.

What is interesting is the attention being given to the bb by the idiot troll this evening. Motive? Concern that the sp is holding up? Frankly the troll sounds a bit desperate ... working a little too hard.

If anyone out there has read the posts tonight by the trolls and hasn’t reported them ... shame on you. Do your bit to protect your investment.

Me too knuttie. Hope others do the right thing

Remember:

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Looks like 2 identities tonight. You all know what action to take

You’ve guessed MIKINAMAN.

Clearly the idiot is trying to crawl in under the radar again. I hope that those who were daft enough to be conned into recommending some of the idiot’s posts last night won’t be so stupid as to do that again.

Let’s hope so Brasi.

However I can’t emphasise enough that shareholders have a responsibility to support the company. The Final Results document is likely to be long and complex. Some potential investors may be too lazy to read it. Therefore we must dissect the report and highlight the positives in such a way as to make it appealing to new investors.

If we wish to gain some traction for the share price we must help build positive sentiment. The BMN story is a great one .... let’s all do our part to get it out there.

Well done admin !!!

Alfa its great to see you posting again on the bb. At least someone is able to correct the uninformed posts that find their way here.

Keep it up please.

Regards. Pdub.

Allthatguff the energy storage market is going to be huge. There will be numerous technologies filling the need, some with particular niches. For instance VRFBs and stationary energy storage. I don’t agree with putting down other technologies, but clearly there are those who for whatever reason seek to question VRFBs as a viable solution, even though many are in operation and in China some large ones are under construction.

This forum is about BMN and VRFBs

Makes perfect sense Gambit

I suspect some money has gone chasing the pharma / biotech bubble. I have no doubt those profits will soon be looking for a reliable home.

Bassguy the large numbers come from the boss. From interview August last year:

“The energy storage market is potentially 5 to 10 times bigger than the commodity market just selling V into the market. So for us it's almost a no brainer ...”

That is why some of us are so excited by the potential here. It would be interesting to see what the revenue figures are for BMN vanadium sales in 2019 which would be largely to the steel sector. Then multiply that by 5 to 10 times to identify possible annual revenue from energy storage. Oh and we will have the 2019 figures within 2 weeks!

Get it now?

Goblesmythe I too have friends and family that bought in after speaking with me and are now underwater so I totally understand what you are saying.

However my proposition is that the BoD are doing a great job managing, building and expanding the business. Something that I think most here would agree with.

Therefore regardless of the current or short term share price it must surely be our responsibility to get that message out there! Because it is true. No ramping, no exaggerating, no lying ... The BoD are doing a great job building a large low cost vertically integrated vanadium platform ... just as they said they would. A rare commodity on AIM ... a BoD that is delivering on its plans.

For those friends and family of yours and mine that are underwater surely best way to do them justice is to get that message out there, counter the negativity and try to improve sentiment in the market. A rising share price would benefit all of us so surely it is our responsibility to do what we can to achieve this, given that we believe in the Bushveld story.

As always just my opinion.

Now logically, with all that has been laid bare this morning in terms of facts and figures, then BMN appears to be hugely undervalued. That may suggest to some that now could be the time to buy .... later, when the manipulation ends, and it will end, then those shares are likely to cost investors far more! That is of course just my opinion.

And in my opinion all genuine shareholders have a responsibility to support the company, BMN are doing a great job in managing the company through the global crisis, and expanding and diversifying the business. This is a real good news story. No need to ramp it. Just keep telling it. The facts speak for themselves. Help build positive sentiment. Protect your investment.

It simply is not good enough to moan about the sp and blame the BoD when you could do so much more to build sentiment and raise awareness.

This has nothing to do with balance. Looking at the figures nobody can honestly claim that the BoD aren’t doing a great job in building the planned large low cost vertically integrated vanadium platform ... just as they said they would. With the blatant sp manipulation that appears to going on, restoring balance means constantly selling this good news story in order to counter whatever dark forces are at work. To level the playing field as best we can.

So do it!

In my opinion this is a great company and rises in sp similar to 2017 / 2018 are quite possible from here.

All just my opinion.

Admin. Good job.

I would just like to expand on a point raised by Gambit

On 06 November 2019 the FeV price was $21 kgV. Today the V price even in Europe is £24.5 kgV (and in China $29.5 kgV). So today the V price is higher than in November last year = better margins!

On 06 November 2019 the share price closed at 23.5p. Today it is 13.75p.

On 07 November 2019 BMN acquired its second primary vanadium production plant (Vanchem 100%) which as we have now seen contributed 31% of BMNs attributable vanadium production in Q1.

So compared to November we have:
higher V price
additional V production at Vanchem
a much lower share price.

Clearly something is very much not correct. I expect to see a re-rate of the sp soon, irrespective of the energy storage side of the business.

Oh yes ... and sales of Vanadium in Q1 were significantly higher too. So not just producing it but selling it too.

So to those who like to continually say why the sp won’t rise ... I say get real.

The Vametco year on year numbers were excellent, but in my opinion even better news was the inclusion of quarterly results for the recent acquisition Vanchem for the first time. These show that Vanchem contributed 31% of BMN’s attributable production total.

Easy to forget just how well the business is doing amongst all the noise over share price

A pity that the bb was subverted yesterday due to Troll activity and one or two own goals by the home team! So time to re-focus on the BMN core business and remind ourselves just how well the company performed at Vametco and Vanchem in Q1. From the update in May:

VAMETCO
Production for Q1 2020 was 652 mtV (482.5 mtV 74 per cent net attributable interest) in the form of Nitrovan, marginally ahead of Q1 2019 production of 649 mtV despite being impacted by the Covid-19 nation-wide lockdown as well as higher than usual rainfall during the quarter.

Sales of 898 mtV (664.5 mtV 74 per cent net attributable interest) achieved in Q1 2020, 77 per cent higher than Q1 2019 as a result of additional production volumes in Q4 2019 and increased customer demand.

Underlying production cost of US$18.90/kgV, an eight per cent decrease relative to Q1 2019, supported by a weaker ZAR:USD rate.

Early completion of the annual maintenance programme, which was initially planned for Q2 2020 for a period of 10 days. No further maintenance shutdowns are planned for the remainder of 2020.

In line with the Government's "risk-adjusted strategy for economic activity", following a 35 days Covid-19 lockdown production is ramping up to normal levels.
 
VANCHEM
Solid operating performance, with production of 219 mtV despite being impacted by 10 days of power rationing as well as the Covid-19 lockdown during the quarter. Vanchem's production for Q1 2020 represented 31 per cent of total Bushveld attributable vanadium production.

Sales of 182 mtV achieved comprised of a range of products during the quarter.

The underlying production cost for the quarter was US$18.5/kgV, due to stock build up, as Vanchem has been ramping up production from December 2019. We expect inventory levels to normalise in Q2 2020.

JUST TAKE TIME TO DIGEST THESE NUMBERS.

Poppers they will release results when they are ready. Patience please. It’s less than 2 weeks!