Member Info for Pdub

Good to have that confirmed SIPP. Appreciated.

Regards. Pdub.

Thought that some of you might be interested in this summary of an investor conference call run by a large financial institution that was sent to me by a friend. Some of the time was spent discussing Covid-19. I have only included the part discussing economic aspects. The last paragraph is very significant. It suggests that the City does not perceive this as a systemic problem like 2008 but more a one off issue that will correct.

"China’s economy has been largely impacted which has affected raw materials and the global supply chain. It may take up to six months for it to recover.

Global GDP growth rate will be the lowest in 30 years at around 2%.

S&P 500 will see a negative growth rate of -15% to -20% for 2020 overall.

There will be economic damage from the virus itself, but the real damage is driven mostly by market psychology. Viruses have been with us forever. Stock markets should fully recover in the 2nd half of the year.

In the past week there has been a conflating of the impact of the virus with the developing oil price war between KSA and Russia. While reduced energy prices are generally good for industrial economies, the US is now a large energy exporter, so there has been a negative impact on the valuation of the domestic energy sector. This will continue for some time as the Russians are attempting to economically squeeze the American shale producers and the Saudi’s are caught in the middle and do not want to further cede market share to Russia or the US.

Technically the market generally has been looking for a reason to reset after the longest bull market in history.

There is NO systemic risk. No one is even talking about that. Governments are intervening in the markets to stabilize them, and the private banking sector is very well capitalized. It feels more like 9/11 than it does like 2008."

Good find Sanchez. Let's hope something comes of it.

Regards. Pdub.

Nomlungu that article focussed entirely on the relative merits of zinc v lithium based batteries. The stationary storage market is potentially huge and there will be a number of different technologies that meet that demand, including VRFBs.

Your conclusion that zinc batteries will displace "some vanadium based batteries" is in my opinion highly misleading. There is room in this market for all of these technologies.

In these difficult times every poster has a responsibility to consider the content of their posts and its potential impact on sentiment .... particularly if that content is misleading.

Merlottheboy I quite understand your desire for a lower price to buy (more?) shares. However those that talk the talk to try to achieve this are definitely NOT on my Christmas card list.

Trying to spread fear and panic is likely to attract a hostile reaction and it did. What did you really expect, particularly at a time when most here have seen the value of their holding fall considerably over the last week (much like many other shares). Frankly your timing sucks!

As far as your comment concerning Fortune and cv is concerned, it is unlikely that the market would be informed that any individual in the company was ill. Fortune, as far as I am aware, is relatively young and appears to be in good health. From what I understand,even if he ( or any other employee in good health) were to be affected by cv it would more than likely be a mild illness and life would carry on at BMN whilst he (or any other key personnel) recovered and then returned to work. There is no justification for talking this up just to suit your agenda.

Times are tough in terms of sentiment. Please don't try to make it worse.

Charliedog given that we are all here to make money one way or another your gloating over the drop in value of someone else's investment is truly disgraceful. What a lowlife you must be.

Try considering that many investors here have a large part of their life savings invested and your attitude that seems to celebrate others seeing a drop in value of that investment is such a selfish and frankly quite shocking comment. The one upside is that your own words demonstrate the sort of person you are.

Filtered.

... to read so many level headed and positive posts today. These are testing times for investors around the world, so given that this bb has seen some very unwelcome visitors recently I am delighted to read so many posts now focussing on the company, its activities and the future potential.

If you believe in BMN stay strong.

Regards Pdub

Sanchez he looks like a nasty piece of work, spreading fear and negativity on other bb's too.

Never ceases to amaze me just how low some people will stoop just to make a few shillings.

Filtering Carlie Drake now.

ShearClass I trust you are qualified to give financial advice? Be careful if you are not.

Please don't be so proud about your own stupidity wressmycase.

When folks speculate on what BMN May or may not do in the future the best place to start is with the words of Fortune and Mikhail. Surely they know their intentions better than any of us!

As far as taking over a company like Redt that does not seem to be part of the plan. It is explained in this quote from the interview with FM / MN. I believe these are MN's words:

""We want to leave the operations to the management teams. I think that will also allow us if there are other good companies that we want to take a stake in knowing that we are not going to be involved in the operations, that the conflict of interests is not going to be there I think is very important to communicate. Strategically yes we can look and see where the market is going, we can offer some advice there because we have seen a lot, but we are definitely not going to get involved in the day to day operations."

Hope that helps.

sbphoy earlier you posted the following and I would like to thank you for that. I have met Fortune on a number of occasions and I sense that you fully understand why I am so confident that our CEO will deliver. Hope you don't mind me repeating your words and I am sure that Fortune, who in my opinion is a very honourable man, will appreciate you respecting the private nature of your conversation.

sbphoy's post:

"Given that I am a firm believer in phone conversations remaining private, I will not go into the individual details, but I just wanted to let the board know that I have just finished a 10-15 minute conversation with Fortune Mojapelo.

Albeit I am as concerned as much as the next person about the current SP and in particular about the strange trading patterns that have led us here, I am now feeling a whole lot better about the future of BMN.

The current situation is all temporary noise being created by those who wish to work the SP for their own gains on the back of a health crisis and an oil price war. What is important to me is the fact that the BOD are working very hard in the background to fulfil their grand plan. Having chatted to Fortune for 10-15 minutes, my wavering confidence has been totally restored and i will now sit comfortably on the sidelines awaiting the inevitable rerate that comes as news unfolds.

Apologies for not divulging the exact detail of the conversation but, as I said, it was private and I wish to respect that privacy.

I feel for those that have capitulated and given up to the game players and would hope that all those that have not, now join me in sitting tight and giving them no satisfaction."

That was quick admin. Thank you.

It's a thought Alfa and it could work. However my reservation would be the restriction on genuine posters and issues of free speech.

Key point is that every such post should be reported. It does work.

Regards. Pdub.

... and suggesting identity checks is the best way of dealing with these offensive "new" posters.

Don't respond to them. Let admin do the rest.

JaneGoodson could you please check your facts before posting. If you publish incorrect statements about a company that people here have invested a lot of time and money in then it is no surprise to me that you have received a hostile response. There is no excuse for laziness in your research.

Start up company

"A startup is a young company founded by one or more entrepreneurs to develop a unique product or service and bring it to market. By its nature, the typical startup tends to be a shoestring operation, with initial funding from the founders or their friends and families."

If you know anything about BMN's current operations you will be fully aware that referring to BMN as a start up is ridiculous ... it is simply factually incorrect. This is a listed company that in 2018 (last year that full accounts are available for) had a revenue of $192 million and Ebitda of $101 million.

Your comment that it operates in a developing country is also a little too simplistic. South Africa has many social and economic issues characteristic of developing countries but it also has a well developed infrastructure, a free press and an independent judiciary, and is one of Africa's largest economies.

I would also point out that the main markets for BMN's vanadium products are in North America and Europe, not South Africa ... or at least not yet! Also very relevant is that BMN's costs are in Rand but its revenue is in US $, and at present the exchange rate is working very favourably for the company.

One could argue that investing in any company on AIM is risky and if doing so it is perhaps best to pick one that is efficient and well managed, has good revenue and profit and is operating in a market that is fit for the 21st Century. In my opinion BMN meets all of those criteria. The reason that investors take those risks are because if you pick the right company and at the right time the potential rewards can be very large.

As for yourself please don't expect any empathy from me if you fill your posts with attacks on long term shareholders who have seen the value in this company long before you did.

I am sure that if you post in a more constructive manner and demonstrate better research you will receive a more positive response, but respect has to be earned.

I think most would agree that BMN is still most definitely a growth company !!!!!

Chish it really doesn't matter what you or I think about dividends. The company has a dividend policy which if I remember correctly is related to available free cash.

With the tightening of margins following the 2019 drop in V price and the very exciting expansion programme for the company, exactly how much free cash do you think there will be? If not enough for a dividend would you prefer the company to put on hold some of those plans in order to free up cash to line our pockets? Sometimes choices have to be made

What choice do you think a good CEO totally focussed on building the company and creating long term shareholder value would and / or should make?

Afternoon all.

I suggest that everyone remembers that significant global events weed out weak companies but strong ones will in general ride the storm if well managed and emerge in a strong position to take advantage of global recovery.

In my opinion BMN is a strong company with an excellent management team and, as today's RNS demonstrated, they are investing in future industries that the world will need just as much in the battle against climate change. That has not changed!

For those not aware of the share price history, BMN was a junior AIM explorer back in late 2016. It's share price had fallen from around 4 to 5p to a low of around 1.3p. The agents of doom infected the bb just as badly and those that focussed on the short term sp must have had a very nervous time of it.

Speaking only for myself I concentrated on the qualities of the management team and the likelihood that they would deliver on their business plan. Throughout that time I remained confident that my investment was sound and remained positive on this bb, receiving all sorts of insults for doing so.

However he who laughs last ... etc etc.

By late 2017, and after the initial Vametco acquisition, the sp had exceeded 9.6p. For the doubters that was a rise of more than 638% in less than one year!!! (Don't believe the doomsters that tell you it can't happen ... It already has!!!)

Further Vametco acquisitions and a sharply rising V price took the sp to 48p by late 2018. A rise of another 400% (or a rise of more than 3,500% in 2 years !!!! )

Since then we have acquired a second production plant Vanchem that should produce around 1,000 mtV in 2020, adding significantly to BMN's revenue and profit. Furthermore, efficiencies at Vametco have resulted in yet lower production costs and increased output. This will all work its way into the balance sheet and profits in the fullness of time.

There have been clear steps towards revenue generation from BE and the formation of partnerships with other energy storage businesses, as we have seen today in the RNS.

Right now global events are taking their toll on everyone but in my opinion this is a strong company with a great future. I will be holding on to my shares as firmly as ever. These events will pass and as we know from BMN's history this share can rise far and fast.

Pascha one of the reasons I stopped posting here is because of the excessive trader talk from people like yourself whose sole intention appears to be to spread negativity and doubt amongst existing and potential shareholders, presumably to help yourself to shares at a lower price at the expense of those you frightened away.

However I am used to reading such bull and easy to ignore. The only reason I am breaking my silence is to state that if your comment about LTHs selling down whilst talking up BMN is aimed at me then I am going to call you a liar. I repeat ... a liar. I made 4 trades in 2019, all buys, and no trades in 2020. If I had the funds I would only be buying. If your words were not aimed at me then don't be such a coward. Name who you are targeting or shut up.

I detest such unfounded smear tactics and I detest the low lifes that use them.

This company has made fantastic progress over the last four years and in my opinion has the potential to generate excellent returns for its shareholders over the next few years. As with every company on the planet there will always be fresh challenges to be faced, but BMN is a very well managed company and is well placed to deliver on its plans to become a large low cost vertically integrated vanadium platform. For those with patience this must surely at least be worth a look at.

As for you its bye bye. Filtered.

Now finally I have to thank you BasilBrush. I have been thinking for some time of withdrawing from posting on the bb (and possibly reading it too). I note Ophidian's comment and do understand the sentiment behind it.

It has become a very divided place with way too much abuse and argument (and I sadly admit to being a part of the latter). In my opinion there is far to much negativity and a significant overemphasis on daily sp movements.

Instead of being uplifted by reading the posts I just find myself getting more frustrated with the tone and nature of the conversations, most of which add nothing to my knowledge and understanding of BMN and the Vanadium market.

Life is too short for this. Time for a break.

Your comments aimed at me were in effect the final straw. I don't resent that as I believe you have done me a favour.

I shall now step back from participating in this bb. Who knows ... I may feel differently in a few days, weeks, we'll see. For now I've had enough.

In my opinion, BMN is a great company, with a great CEO and with great potential to deliver shareholder returns. I will not be selling any of my shares any time soon.

Good luck to you and all BMN shareholders.