Member Info for Pdub

Lindon perhaps I am being a bit thick but exactly what are the “much higher standards of reporting” that you think the Nomad needs to address with BMN? I am not aware of any inconsistencies in their publishing of Final Results or Interims.

If you just mean better PR and more frequent RNS updates then I would agree that would be a good idea but I am not sure that is the Nomad’s job unless the company were in danger of breaking AIM rules.

Do not respond to banned poster Capablanca (for the less experienced here he crawls back under new names and breaking LSE rules .... this time white elephant ....)

This poster is a nasty piece of work and seeks to damage your investment. Leave this poster to play with himself ...

Oh and don’t forget to report.

MEM this is just a guess, and I do sympathise with your paper losses, but buyers will return when sentiment is positive.

Clearly the company are the main driving force in improving sentiment and I think it is fair to say that operational performance has been fantastic over the last few years. In early 2017 BMN was just another wannabe explorer. Now they are a leading player in the vanadium space. Thus we need them to continue developing the company, particularly through expanding production at Vametco and Vanchem, and developing Mokopane. And most importantly the market needs real progress with BE and I am absolutely certain that will come. The current Covid19 global crisis has of course presented a challenge for everyone but BMN look very well placed to weather the storm and emerge strong as ever and good to know that production is starting very soon.

Sentiment can also be impacted by RNS releases, interviews and other forms of communication with the market. I don’t think it would be particularly controversial to state that this is the one area where BMN’s performance could at best be described as variable, though others may say it is poor. I can only hope that Fortune and the team are realising that this is not good enough and urgent action is needed.

Finally, and some may not like what I am about to say, I firmly believe that all shareholders have a role to play in building sentiment. Thus venting one’s frustration on a public bb is in my opinion not the way forward. Some on here continually post negativity. Does anyone seriously think that helps to raise the share price? Of course not. I am not suggesting that anyone simply ramps the share just for the sake of being positive. However anyone holding shares in BMN must think this is a company worth investing in so everyone must have some positive thoughts about the company. Now that does not mean that issues can’t be discussed in a constructive way. That is what a bb is for. In another context for example if in your work place you felt that the company could do better you wouldn’t stand in the middle of the office and shout “the boss is a wa*ker”! You would seek a meeting to voice your concerns and find a way forward, but in private! In my opinion it’s no different here. Pure negativity just for its own sake and relieve your own frustration simply is not helpful. So in summary if we believe in this investment it is our responsibility to help get the message out.

As for your 5 year comment, sorry but I think that is nonsense. The company is making rapid progress but clearly more patience is required because of current circumstances.

... in order to read the CD post to see what all the fuss was about.

I don’t think I have laughed so much at such a pathetic and misleading post in a long time. Up your game CD ...

By the way what an insult to the rank of Colonel when compared to the generous and selfless achievements of Colonel Tom. Shame on you for misusing that rank.

This joker remains firmly on filter.

On a positive note it is great that BMN are able to return to work from today. I look forward to an update re production restart. Given all the challenges that Covid19 may present to SA Ramaphosa seems to be demonstrating firm leadership and has acted quickly and decisively.

Mogwhy stop working so hard to be negative. The key phrase “... and thereafter up to full employment”. Excellent, and very different to underground operations which currently cannot do that.

I would doubt anyone expected this to happen today but Vametco will be able to work towards full operations. It’s in the rules that you quoted. Try celebrating it instead of winding everyone up.

Now you have made your point and I mine, We are both correct.

Here is how other media outlets have reported it:

https://ewn.co.za/2020/04/28/south-africa-mining-firms-work-together-against-covid-19-as-mines-reopen

“The new rules allow coal mines and open cast mines, also known as open pit mines, to resume full operations, while underground mines can only operate at 50% capacity to make it easier to maintain social distancing, the Minerals Council said.“

https://www.argusmedia.com/en/news/2099744-south-african-mines-to-ramp-up-as-lockdown-eases

“All of South Africa's open cast mines can resume full production once the country's Covid-19 lockdown period ends on 30 April, while all other mines will operate at 50pc of capacity.”

Whatever the truth of exactly when Vametco returns to full ooerations the rules are now in place that lead to that outcome. Fact. Excellent news.

.... to resume full operations. The following extract taken from a Reuter’s report from two days ago:

“All mines can resume activities from May 1 under regulations to ease the lockdown, gradually resuming work in an industry that accounts for 8% of South Africa’s economic output and employs about 500,000 people.

The new rules allow coal mines and open cast mines, also known as open pit mines, to resume full operations, while underground mines can only operate at 50% capacity to make it easier to maintain social distancing, the Minerals Council said.”

Please note that all BMN mining operations are OPEN CAST. BMN do not operate any underground mines. As can be seen above open cast mines can resume full operations!!

It might be the old ShapeShifters interview

I have been sent info that something was put out about Fortune (possible interview?) on Directors Talk.... a Tweet at about 13.00 today. Can anybody help?

Thanks jamiejojo. Your info much appreciated.

Wow. That was quick admin. Well done

Reported Capablanca and emailed admin. Please others do the same. Don’t be fooled by this person.

All fair points Luderitz, and I have said enough.

I would add one last point though. BMN has a very large proportion of retail investors and many of those are UK based. I don’t believe a move out of UK would be very popular with most of them, many of whom are using platforms like HL that do not make it easy to trade on overseas exchanges.

I believe there are many other reasons to move to the FTSE but others can pursue this thread if they wish.

Regards. Pdub.

Luderitz based upon my own negative experience of companies moving from UK exchange to overseas ones I say absolutely not!

Fortune I hope will move us to the FTSE and as soon as possible. End of.

I don’t mind additional listing elsewhere and for very good reasons he is looking at JSE.

I have not heard of any official interest in other exchanges. Please let’s not start any unfounded rumours by suggesting something that in my opinion is not going to happen.

I am sure that ASX / TSX are perfectly good exchanges, but for BMN we need the FTSE.

Just my opinion of course.

Larky there was no drop on opening. Unfortunately there was a large UT trade at 14p after hours and that is used as the closing price. Normally the mid price would be used and last night that was 13.25p

On close last night the actual bid/ask prices achieved were 13.125 / 13.25p, very similar to prices at time of writing.

Don’t be fooled by false drop due to high UT trade last night!

No thanks.

I have previous experience of two companies delisting from AIM and moving trading onto Hong Kong and ASX respectively.

HL didn’t trade on foreign exchanges so all transactions through third party, selling only and delayed. It was VERY expensive to sell any shares. Asian and Australian exchanges have additional issue of trading hours.

So no thanks. I much prefer a move to FTSE ... one of the world’s main exchanges. From a prestige and capital raising perspective probably important to the company too.

Might be better to keep politics off the bb. It only encourages people to write complete boll*cks..

Best focus on BMN etc

Just my opinion of course.

Yep. One more risk to add to a long list.

As a geology student I visited a Durham coal mine. The miners were working a 150 m long wet coal face on a seam just 1 m high. Very unpleasant working conditions.

Made a huge impression on me and my conclusion was that I wouldn't do that job for any amount of money.

Fortunately all BMN mining operations are open cast so that scene not relevant and social distancing should be more easily achievable.

Good find Delboys. Good to get confirmation that Vanchem is shipping multiple vanadium products including V2O5 which has enjoyed good price rises recently.

I repeat what I posted on 25 April that Q1 Update (due anytime now) should include the first quarterly data that has been generated by Vanchem in BMN ownership. That may give some indication of costs and possible margins, albeit within the context of Covid19.

Thanks for the responses. Probably nothing untoward in it.