Member Info for Pdub

So small IES drop actually outperformed the market. Just saying ....

Pat what you are saying is not unreasonable. However it runs counter to the company’s policy. BMN / BE want to invest in companies overseas but not own / run them. I believe they see themselves as enablers, perhaps helping with funding etc, but not taking over over organisations. It is clearly outlined by the extract below quoting MN in the November 2019 interview:

“Well again if you are investing you are investing in the management team, and I think day to day we are not going to be involved. It's part of our strategy. It's essential for us to be able to deal with multiple manufacturers to say if you guys are going to bid on the same project Bushveld is not going to be involved in that decision. We are not even going to know about it. The only thing we want do is supply vanadium into that specific project. If it's in Africa yes we (are?) developers there, but we intentionally don't want to get involved because we actually think the market is large enough for a few different companies to be successful and we think there are some that have good management teams. Let them go and execute because they've actually executed pretty well to date. The issue of why they are not larger is they've only been around for a few years and they need capital to grow...”

Apologies for any transcription errors but the sound quality was poor. It is clear though that BMN group will be very active in Africa but elsewhere they will only be investors through VIP. That is why I think there is no chance of BMN buying Cellcube. Mind you wouldn’t be the first time I have been wrong!

Regards. Pdub.

Pat the only relevant question is whether Fortune would want to buy Cellcube, whatever the price. BMN are being quite particular about who they invest in. Perhaps Cellcube don’t offer the management quality or intellectual property that BMN are after.

Haha of course I was referring to the 13.31 post!

Knutsfordnotary I would like to endorse every word of your post.

Regards. Pdub.

And rest assured the Results will be published by end of June and no one in their right mind could imagine BMN being suspended because they missed this.

Oh for heavens sake if you want to play guess the date of Final Results look back properly through the RNSs. Withe the exception of 2018 Results which were published on 23 May last year, about 5 weeks or so before end of six month allowed period, all previous years I believe were reported within about two weeks of the deadline. If that means anything, and it probably doesn’t, then the speculators might suggest anytime from 15 June to end of month.

But really so what. They will be published when they are ready and on or before 30 June. Just be patient.

Thunder1 shame on you.

Bit a lying going on it would seem ...

Thank you Northern Monkey (Mark) for the Radio 2 phone in. Good job.

Regards. Pdub.

Just noticed that one of the 300,000 trades now cancelled from yesterday. The 8.42 trade.

I have Coffeecups on filter (with good reason) but had a quick look at this post.

I can’t speak for anyone else but as an LTH from 2013 myself I can categorically state that his comments are completely false and misleading in terms of my history with BMN. I hold all my shares and have added small amounts since the peak.

This has always been a long term investment for me and continues to be so,

The stunning progress made by the company in my opinion makes this share look very undervalued in comparison to the recovery from Covid19 drops made by other companies. I do not claim to fully understand the motives or mechanisms behind the apparent holding back of any rises but I am convinced that it has been happening. However BMNs time is coming ... of that I am sure.

If others are trading BMN that is up to them. I shall continue to fully support this company.

BBH as you sold here to buy your Merc I suggest you sit back and enjoy your new car. Let the real investors discuss BMN and its sp.

As I understand it that purchase took all your shares here and more so I guess you can’t afford to buy anyway..

Just checked in for first time today. Not many posts but a very positive vibe and some outstanding science from Alfacomp.

Thanks everyone.

Regards. Pdub.

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BB if you had a product to sell and one particular market has prices higher than other markets would you attempt to sell more of your product in that market? Of course you would. Perhaps BMN would do the same. Don’t write off the significance of China V price so easily.

And as history has taught us it is likely that other markets will eventually realigned with China.

However as BMN has some of the lowest production costs 8n the industry even the European an US prices will be profitable.

Just my opinion

Thank you Sefton. It didn’t take much to get you to reveal yourself.

I will leave judgement if you for others.

As you have “exited” (hmm) the share then I look forward to you exiting the bb too.

Sefton please ...

Now what about the apology for insulting comments aimed at the BMN BoD. It’s a tough thing to apologise on a public bb. Not everyone is big enough to be able to do it. Everyone read your comments. Let’s have that apology and then we can all move on.

It’s in your court.

Good afternoon Calamari. Did I spot that chip on your shoulder is still there?

Have your fun young man. None here is interested in that nonsense anyway.

(Cont)

The retrace in V price created strong headwinds for the company, as has Covid19, but they managed these challenges well and the company is in a strong position to deliver the next phase of growth which hopefully will bring significant returns to the shareholders.

The reason you received such hostility was your clumsy, inaccurate and insulting comments about the BoD. The hostility was thoroughly justified. If you are a genuine person then I would expect an apology from you and a change of tone. You may find that once you have earned respect you will always receive it on this bb.

I have huge respect for Fortune Mojapelo both for his kindness shown towards me, but also for the support he and the company provide for their workers and the local community. Exactly what I would wish for in any company that I invest in.

All just my opinion.

Sefton I have tried to avoid responding to you again after your first post today. However I am fed up with reading your defences all day.

Let me quote you the highly offensive section of that post, which in my book is such a heap of nonsense:

“But because the leadership seem to be like little children when it comes to stock market value creation. They are nice, well-meaning little kids playing nicely with their toys and just need another sugar-coated rattle”.

I was and am disgusted with that insult directed at one of the best managements on AIM.

Like a number of other shareholders here I have met Fortune Mojapelo and other members of the BoD on several occasions and can assure you that your insulting comment is very wide of the mark. I assume you have never met them yet you feel able to launch a character assassination based based upon nothing.

Let me tell you a little bit about the history of this company.

From 2012 through to 2013 BMN was essentially an iron ore explorer. In 2013 that changed with the announcement of the huge Mokopane vanadium project. Although Mokopane has had to wait a long time for the mining licence (now granted) the BoD did not sit still. They looked at vanadium resources elsewhere as a fast track into production (see below).

They have their own track record as far as aggressive takeovers are concerned with their acquisition of Lemur some years ago. This was a classic manoeuvre that completely dispels your “little children” analogy. Following that acquisition BMN secured substantial cash in the bank, the Coal to power project in Madagascar and most importantly the Brits project in SA next door to Vametco.

I am convinced this latter acquisition helped to secure the Vametco mine and production plant at a knock down price and that produced huge returns for shareholders in 2018. I chose not to sell but those that did I am sure would certainly not recognise your description.

The next acquisition of Vanchem, whilst so far adding little to share value, has the potential to play a major part in the growth of the company.

Some years ago they had the foresight to plan to build a large low cost vertically integrated vanadium platform. They are well on the way to achieving this with the electrolyte plant under construction and BE forging partnerships with VRFB companies and seeking their own energy storage contracts within SA and beyond in Africa.

These guys are not “children” and they are not get rich quick merchants, selling dreams to naive pi’s whilst paying themselves big fat salaries. If that is what you want then look elsewhere. Fortune firmly believes in delivering a solid business that will return shareholder value. He certainly did that in 2017 and 2018.

The retrace in V price created strong headwinds for the company, as has Covid19, but they managed these challenges well and the company is in a strong position to deliver the next phase of growth which hopefully will bring significant ret