RE: Newbee23 Apr 2020 16:06
Drifter your comment was over the long term highly misleading. I have previously posted on here that there is a substantial difference between important progress being reported that is essentially building blocks for future revenue and news that directly will lead to revenue.
The various acquisitions of Vametco for example (a revenue producing asset) have substantially moved the sp forwards. Thus the sp sits substantially higher now than it did in the pre Vametco days, even allowing for Covid19 and the retrace in V prices,That is fact!
Savvy investors will no doubt consider whether the recent building block type of RNSs (eg VIP investments, Mokopane licence, etc) represent a good investment opportunity prior to those moves generating revenue further down the road and encouraging the broader market to jump in. To make big money early bird surely has to be the desired result for wise investors. It has worked very well for me!
Your suggestion that RNSs won’t shift sp failed to make these kind of distinctions and as such was simplistic and in my opinion potentially misleading.
As for the SA question I would point out that BMN was one of the fastest rising shares on AIM in both 2017 and 2018. And that was achieved under what I consider to have been a much less competent Government than the present one and as I understand it far more corrupt, though that is just my opinion. As most BMN product is exported and paid for in US$ and with falling Rand costs have been falling and in theory at least margins increasing.
Coved19 is of course a major problem for SA as it is for every other country, so not a problem specific to the country or BMN. In fact it is quite possible that the present pandemic will make every Government think carefully about the future, both in using infrastructure projects to help economic recovery and in considering environmental issues (don’t mess with nature etc) which may lead to a more rapid transition to a less carbon dependent world based upon renewables and energy storage.
Both of the likely directions of travel mentioned above should offer great opportunities to those companies well positioned to supply minerals and technologies that the world needs. With BMN owning 2 of the 4 primary vanadium producing plants outside of China and rapidly developing its energy storage business I cannot believe that investors could be anything but positive about the company’s future, accepting the current global challenges.
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