Member Info for Pdub

Congratulations to the mm's. You played a blinder today.

I do hope no one was conned into selling their shares cheaply today. In my opinion treat negativity with caution on this bb.

Have a good weekend all.

Regards. Pdub.

Yes. Confirmed. BMN own the same number of shares now as on admission of ATM to AIM. 51,995,342.

The % changed on ATM dilution in May.

I seem to recall that in the dark recesses of AIM rules there is not the same obligation to report change in % due to dilution, as long as no shares were bought or sold. Happy to be corrected.

I need to double chexpck but isn't this simply clarifying that as a result of past ATM dilution the proportion of the company owned by BMN has reduced. They still own the same number of shares? Apologies if thus is incorrect.

Sp rising.

Simply put Coffeecups please stop making snide and disparaging comments about posters that have a strongly positive perspective.

By all means challenge their ideas, facts, opinions, but do it in a respectful and polite way. And don't shoot the messenger!

Do that and you and I will have no problem.

Haha that is probably sound advice Knuttie. Please don't get banned.

Hope all is well at home.

Regards. Pdub.

Thanks Alfa. Exactly that.

Outside of China that is.

Aimington are you aware that Glencore are already one of only 3 primary producers of Vanadium.

Located near Brits, Rhovan is an open-cast mine and smelter complex, which mainly produces ferrovanadium and vanadium pentoxide. Owned by Glencore.

And for the record I would be delighted for IRON shareholders if the sp moves up. Your forecasts were not the point of my posts. It is your hypocrisy in lecturing folks here whilst doing the same on IRON.

Coffeecups you seem to simply not understand my point. I am sorry but I cannot help you.

And with respect do not be so arrogant as to tell me who I should filter. As with my share purchases that is my decision. Keep your nose out if it.

Roosters I understand your thinking and at first glance it seems to make sense. However history tells a different story.

From 2014 to beginning of 2017 the sp 'stagnated' in much the same way as now. Then it moved up sharply over the next 3 months, rising from around 2p to 8p.

The sp then 'stagnated' around the 8 to 9p level for almost a year. Then followed a crazy period of around 8 months or so when it rose to the high 40p's.

During both periods of 'stagnation' I know some pi's became impatient and complained or even sold up, just as I believe has happened during this period. They may have missed out on the amazing sp growth. Let's hope impatience doesn't cause others here to leave and then miss out on the exciting BMN story and the sp rises that I and many others here, and a number of brokers and commentators, believe is in the pipeline.

There are some amazing developments on the horizon. Sooner or later they will be delivered. Let's see how the sp responds then. And of course rising V prices would give sentiment a bit of a kick!

Just my opinion.

RK well said.

Would you add to that list ramping up production at Vametco?

Coffeecups I have no idea what you are talking about. I am not buying or selling ANY shares at present. I am trying to recover from cancer and that my pension does not stretch that far. At this price I would pile in if I had the money, but that is just my opinion. Do NOT take that as advice. I am just an ordinary pi.

I will however defend my interests here because this is a very successful company (Fact!) and because I firmly believe that 2019 / 2020 will be very exciting for both company and shareholders. That opinion is based upon facts in the public domain.

I have no interest in IRON. You are no fool and you well understand why I pointed out your positive opinion about IRON immediately before it fell 31%. Following that you made disgraceful comments about people here lacking foresight and carrying responsibility blah blah blah. In other words you have done there exactly what you criticise people like me for doing on the BMN bb ie post an opinion.

I only used the IRON data to demonstrate what a hypocrite you are.

Note that I am NOT questioning your motives at IRON nor commenting on whether that company in the future multi bags as you would like. Perhaps it will, perhaps it won't. It is your hypocrisy that I detest. So stop trying to wriggle out if this one. It is not worthy of you.

I would however welcome an acknowledgement from you that you have overstepped the mark and will refrain from making negative comments about positive contributors. By all means challenge the content of a post but accept that most people here post in good faith. Don't shoot the messenger.

I have waisted enough if my time and everyone else's on this. The end.

Just my opinion.

Corrected version:
Coffeecups your tiresome lecturing about positive posters is out of order. In case there is anyone here that doesn't know, here is something for people to think about:

Coffeecups on IRON bb on Sunday 04 August

"But to answer your question - multi bag from here its not BMN tomorrow morning - longer term depending on how South African politics goes I wouldn't bet against Bushveld Minerals but short term its either IRON or something else."

IRON sp at time was 0.90p
At close on 08 August was 0.625p

DOWN about 31% in just 4 days. Oops!

So quite apart from trying to put off investors in BMN you suggested IRON was the place to be immediately before its share price plunged 31%. Let's hope no one is locked in having followed your advice.

You sir are a hypocrite. I suggest you focus more on your investment and stop being so condescending to other posters.

I first invested in this company after reading positives from the much respected Corbine and others. I spent 2 1/2 years underwater up to 60%. But let me tell you this Coffeecups ... not once did it EVER cross my mind to blame anyone else The reason? I liked the positive info I was given, and on further research and meeting Fortune I decided to go all in. Nobody forced me to do that. I did it because I agreed with the positives that this looked like a good investment. Given that I have the patience to make money on AIM this investment did eventually provide huge returns. I am glad that I held my nerve and proud that I had enough self respect to NEVER blame anyone else for MY investment decisions.

Contrary to the lies put about by people like yourself this bb has frequently discussed the negatives. Read my post at 00.30 that exposes your misleading comments. However the potential that this company has to generate a large return for investors for outweighs the risks (in my opinion) so it is not surprising that the conversation tends to be more positive. Common sense!

In my opinion this company is better placed now than it was in 2017 to give excellent returns. However no one can accurately predict a timescale. So either have patience and hold or sell. Everyone has that choice but you make it yourself. Take responsibility.

Coffeecups stop trying to undermine investors in this company. People like me do nothing different to what you did at IRON. We express our opinion. Nothing more. It's up to others whether they take any notice. It is certainly not anyone's responsibility other than the buyer.

As for your childish comment about "lack of foresight" ! Those same people in 2017 forecast sharp rises in sp. It rose around 300%. The same thing happened in 2018. Conveniently you ignored that! If only we were all as good at hindsight investing as you are. Even most professional analysts didn't see the second drop in V price drop coming in March onwards.

All the above is just my opinion.

Apologies for the typo Coffeecups.

9.00p should read 0.90p

Drop posted was accurate at around 31%

I would hope that you consider the content of that post and change your attitude. I would welcome that.

I will post the corrected version to avoid confusion.

Thanks NickyP. Interesting.

Robmac the office that deals with the Mokopane application was closed for a period following allegations of corruption. Evidence that Ramaphosa is trying to tackle corruption. I believe I read here that the office has reopened. I suspect that is the answer to the delay.

More importantly when may we expect it? Well I have no idea. However following the Vanchem announcement I got the feeling that Fortune was confident that Mokopane could be feeding Vanchem within 12 months. Maybe he knows more than we do.

South Africa sees mining as a sunrise industry going forward. With gold mining in decline and issues facing the use of coal I believe we will see pressure to get new orojuects such as Mokopane underway. I read recently that there are applications in for around 70 mining licences. Let's hope a clean up of the system results in fast tracking these applications.

Consider another possibility for the delay ... perhaps Fortune refused to play ball with corrupt officials! If so he has my full support.

Just my opinion but I hope that helps.

Coffeecups your tiresome lecturing about positive posters is out of order. In case there is anyone here that doesn't know, here is something for people to think about:

Coffeecups on IRON bb on Sunday 04 August

"But to answer your question - multi bag from here its not BMN tomorrow morning - longer term depending on how South African politics goes I wouldn't bet against Bushveld Minerals but short term its either IRON or something else."

IRON sp at time was 9.00p
At close on 08 August was 0.625p

DOWN about 31% in just 4 days. Oops!

So quite apart from trying to put off investors in BMN you suggested IRON was the place to be immediately before its share price plunged 31%. Let's hope no one is locked in having followed your advice.

You sir are a hypocrite. I suggest you focus more on your investment and stop being so condescending to other posters.

I first invested in this company after reading positives from the much respected Corbine and others. I spent 2 1/2 years underwater up to 60%. But let me tell you this Coffeecups ... not once did it EVER cross my mind to blame anyone else The reason? I liked the positive info I was given, and on further research and meeting Fortune I decided to go all in. Nobody forced me to do that. I did it because I agreed with the positives that this looked like a good investment. Given that I have the patience to make money on AIM this investment did eventually provide huge returns. I am glad that I held my nerve and proud that I had enough self respect to NEVER blame anyone else for MY investment decisions.

Contrary to the lies put about by people like yourself this bb has frequently discussed the negatives. Read my post at 00.30 that exposes your misleading comments. However the potential that this company has to generate a large return for investors for outweighs the risks (in my opinion) so it is not surprising that the conversation tends to be more positive. Common sense!

In my opinion this company is better placed now than it was in 2017 to give excellent returns. However no one can accurately predict a timescale. So either have patience and hold or sell. Everyone has that choice but you make it yourself. Take responsibility.

Coffeecups stop trying to undermine investors in this company. People like me do nothing different to what you did at IRON. We express our opinion. Nothing more. It's up to others whether they take any notice. It is certainly not anyone's responsibility other than the buyer.

As for your childish comment about "lack of foresight" ! Those same people in 2017 forecast sharp rises in sp. It rose around 300%. The same thing happened in 2018. Conveniently you ignored that! If only we were all as good at hindsight investing as you are. Even most professional analysts didn't see the second drop in V price drop coming in March onwards.

All the above is just my opinion. DYOR

Colt45 I think you may have not read all of my posts. On Wednesday I referred to a number of risks and briefly how BMNs strategy was mitigating them. I am disappointed that my post made no impact on you. I repost for your benefit and I will clearly state this was never intended to be a fully comprehensive list.

"Some discussion about risks tonight. I hope those posters have a clear understanding of exactly why the company has been driving towards becoming a low cost, vertically integrated vanadium platform. We are hedged against both high and low V prices and although being dependent on the steel market at present, the company is positioning itself as a leading player in the VRFB market.

They are also expanding the number of production sites, which gives some protection against unexpected events interrupting production at one plant and Vanchem will add significantly to Vanadium production. Diversifying products will avoid dependency on just one market. Their strong drive to cut production costs and increase production helps to maintain strong profitability, even in the current V market.

The political risks obviously exist in SA, but with a new President with detailed knowledge and understanding of mining and seemingly determined to fight corruption and BMN delivering exactly what the President wants in terms of mining as a sunrise industry, then it is not unreasonable to be less concerned about the risk.

The profits generated have eliminated any chance of dilution just to keep the lights on ... the scourge of so many AIM companies. Indeed a significant part of the growth of the company will be funded from profit, with the option for debt financing if necessary. That for me is a huge plus.

The V price is obviously a significant factor. Over the next few years it is unlikely that any significant new supplies will come on stream, and the structural deficit that many analysts refer to should help to drive up V price.

I am sure I could rustle up other risks but whichever way I look at it Fortune and the BoD seem to have most bases covered. That is why I remain so POSITIVE. Not ramping ... just looking at the facts as I know them and drawing my own conclusions.

2019 / 2020 looking very exciting based upon what I know.

Just my opinion."

I believe the above covers exactly what you accused positive posters like me of not doing. I would issue my own challenge to you. Read posts carefully.