Member Info for Pdub

Berserker I appreciate the clarification. Thank you. However my comment was a relevant to all my fellow shareholders. Many of whom I have great respect for, and that includes those that I occasionally disagree with.

If you show people on this bb some respect I am sure you will receive it back. Referring to some of them as looneys does nothing to help you be taken seriously.

Just my opinion.

By the way Warren Buffet would completely disagree with you about the importance of fundamentals .... and he is a rich guy. Think about it.

Tell me something ma5k. If you are so clever where were you during 2017 and 2018 when this share was one of the best performing shares on AIM? Is the answer that you didn't see this one? In spite of the fact that we were screaming it out loud?

We had pkenty if scaremongers like you brandishing their trading charts and forecasting doom. They were completely wrong.

Let me tell you something else. If you are so clever at predicting share prices by now you would be a multimillionaire relaxing on some tropical beach. Instead here you are trolling a bb on LSE, probably on a share you don't even have a stake in.

Sorry pal. Just can't take messiahs like you seriously.

Berserker whilst I agree with some of your post stop being so insulting to genuine well researched posters. That 'looneys' comment says more about your poor attitude than anything.

Wrong yet again ma5k.

That childish and pathetic "rose tinted" cliche tells me all I need to know about you.

Most well researched contributors here, including me, base their opinions on the past and present performance of the company and how it will deliver on its business plans in the future. They consider the company fundamentals including the very significant cash flow and profit, plus cash in the bank in order to achieve their valuations, and to understand how the company will finance future expansion and acquisitions.

Rose tinted my ar*e. These opinions are based on hard evidence.

As for you well a randomly picked number, completely meaningless and with no supporting explanations. Sorry pal, you are out if your league and I can't take you seriously.

Classic traders nonsense ma5k.

What exactly do you know about BMN that elevates you to a position that you can belittle those that know a great deal more than you?

Stop pretending you know where the sp is going.

Totally agree Southernstorm.

If Alfa decides to go for it I wouldn't like to be in that guy's shoes.

HaleSpur your post is pretty much bang on. Good to see some common sense being used.

Regards. Pdub.

Sanchez that was a brilliant post. Made me laugh. Thank you !

Regards. Pdub.

For those running around like headless chickens over the Vanchem purchase I would remind you all that when the first Vametco acquisition was announced a bridging loan of $11 million was arranged. The acquisition was completed on 06 April 2017.

The bridging loan and all fees associated with it was paid off on 15 June 2017.

The Vanadium price was around $28 kgV !!! Lower than it is today, yet the $12 million (including fees) was paid off in less than 2 1/2 months.

This time we not only have Vametco profits to pay off any small loan, but also the profit from Vanchem's almost 1,000 mtV pa too.

If any one thinks this is anything but a great acquisition then in my opinion you have gone beyond brain dead. There really is no hope for you.

For anyone worried about the Competitions Commission, Vametco also had to go through the same process. It is normal.

Remember BMN is delivering exactly what Cyril Ramaphosa wants. There could not be a better synergy between a business plan and Govt policy.

Just my opinion of course.

UK please read again my earlier posts re Ebitda in H1 plus Q3 profit. I think the bulk of the purchase will be from revenue. Any debt will likely be paid off rapidly, as with the Vametco deal. The upgrades at Vanchem will be spread over time and again much of the cost self funded. Just my opinion.

HL 20.5 / 20.85.

Nearly back to where we were in normal hours last night.

Roosters that must be one of your poorest quality posts. The company is achieving remarkable things. It is the sp manipulation that is the problem. Don't give the evil bug*ers your help.

Apologies. Autocorrect again. Vauch

Bausch what are you talking about? The company is still making serious money. Didn't you read the H1 numbers?

The company is performing very well. It's the sp manipulation that is the problem. Long term the prospects are very exciting in my opinion.

Any AIM company that turns a 2017 net loss into a 2018 net profit of $49 million, with $42 million in cash at year end and no debt and at the same time is investing in increasing production has to be taken seriously by the investment community.

It's not really a question of will the same profits be generated in 2019. That misses the point. It is a demonstration of the very high quality of the management team. And as I have frequently stated that is what I invested in.

There is no reason whatsoever to believe that the BoD will do anything but keep delivering on their business objectives and plans.

All looking very exciting for 2019 / 2020

Just my opinion.

Spot on with your forecast Ophidian.

Slightly revised post. Original lost when a thread was deleted.

Mandela was an inspirational leader. A hero of mine.

What would Mandela think of Fortune Mojapelo and BMN? Clearly I am not capable of reading his mind or even thinking on the same level as the great man. However here are some thoughts:

He would be delighted that the new owners of Vametco are investing in the plant and providing over 400 jobs.
He would be delighted that under the Black Economic Empowerment scheme 26% of Vametco (and the profits) go to BMNs local BEE partners
He would be delighted that most of the sales go abroard, bringing very important US $s to the SA economy
He would be pleased to learn that BMN are not only planning to purchase Vanchem and secure its future with feedstock from the Mokopane vanadium mine, but also that this will secure the jobs at the plant and provide even more under the expansion plans.
He would be delighted that BMN / BE are progressing plans to develop a VRFB and electrolyte producing industry in SA, providing more employment, and of course helping to modernise the electricity supplies and bring reliable power and light to remote communities through solar / energy storage facilities.
He would recognise the astonishing achievements of this BoD and would acknowledge that suitable remuneration was well deserved.
He would be delighted that employees were receiving a share of the profits. (Compare that to the late stages of Evraz ownership.)

Yes I believe Fortune Mojapelo and Nelson Mandela would have a lot in common. Both men of vision working towards a better future for South Africa and its citizens.

As an extension to this discussion, Cyril Ramaphosa was elected Secretary-general of the ANC in 1991. This is what Nelson Mandela had to say about that:

"Cyril Ramaphosa was elected secretary-general, evidence that the torch was being passed from an older generation of leadership to a younger one. Cyril, whom I met only upon my release from prison, was a worthy successor to a long line of notable ANC leaders. He was probably the most accomplished negotiator in the ranks of the ANC."

So Mandela approved of Ramaphosa, and Fortune Mojapelo has shared a stage with President Ramaphosa and is delivering exactly what the President has set out in his plans for SA. In my opinion Nelson Mandela would most certainly approve of BMN and Fortune Mojapelo's considerable achievements.

As always just my opinion.

To demonstrate BMN's exceptional performance in 2018 the company made a gross profit of $95 million and a net profit after tax etc etc of $49 million (compared to a net loss in 2017 of $892 thousand). That is an amazing turnaround.

The company ended the year with $42 million in the bank and NO DEBT !!!

In H1 of 2019 Ebitda at Vametco was $48.6 million (BMN owns 74% of Vametco). Thus the stunning financial performance of this company continues to generate the revenue that will fund the majority of the Vanchem deal from internal profits with a relatively small proportion funded most likely by debt funding. That debt will be paid off in very short time from both the profits from Vametco and of course the significant profits generated from Vanchem's own production of almost 1,000 mtV pa.

BMN already has a track record of delivering exceptional value to those LTHs that had the patience. In my opinion the next 18 months has the potential to deliver similar exciting returns. The mining and processing side will certainly play its part through the Vanchem acquisition and any further increases to production at Vametco, together with low production costs. And let's not forget that the mining licence for Mokopane, one of the world's largest high grade vanadium projects, is imminent!!!!!

Any significant developments with Bushveld Energy are likely to have a very positive impact on sp.

All looking very exciting.

Just my opinion.

Regards. Pdub.

Not sure UK. Not a figure I use. However if Ebitda for H1 is $48 million (26 weeks) then a profit if $1 million + per week doesn't look impossible, although one needs to factor in that BMN tales 74% of the profit.