Member Info for Pdub

My condolences to Wassatt's family. He had a tough time fighting this disease but seemed to do it with dignity.

Kind regards. Pdub.

Well said Southernstorm.

Bassguy my thoughts are with you and your family.

Kind regards. Pdub.

MIKINAMAN I know you are disappointed with the sp but trying to poison me for being positive following a a mere 3% drop in sp is stretching that friendship. Chemo drugs ... No alcohol lol

Don't misquote me goblesmythe. I didn't say more than.

I have given my opinion based upon my experience with this company. If people don't like it tough. I can't promise not to gloat when the sp is substantially higher lol.

Child coffeecups.

Correction "The future for BMN and its shareholders looks very exciting"

And by the way I also have friends and family that have invested in BMN at higher prices than today. In fact my last three purchases at 47p 37p and 25.9p don't look too clever. Ah the benefits of hindsight investing. However I am confident that the returns will be great and I am certainly not going to mislead my friends and family with undue negativity. The current sp is disappointing, but that's AIM for you. The further for BMN and its shareholders looks very exciting.

Of course just my opinion.

Anyone that has been here since the early days knows exactly what it is like to see the value of an investment fall. In those days BMN produced nothing and held through being 50 to 60% down for almost 2 1/2 years. However anyone around at that time will know that I remained focussed on the direction the company was heading, not the sp at the time.

I frequently commented that this BoD had the potential to give a very strong return on investment for those with patience and remained positive. I was absolutely correct. Look at the sp today.

I have the same attitude now. Don't focus on the sp. Concentrate on where the company is heading. The progress the company is making now is far better than in 2017, when the sp rose over 300%. I see the potential sp growth over the next 18 months as being as good or better than in 2017. It's the old saying "Rome wasn't built in a day". Those with patience I would like to think will do very well from this investment.

Yes I have on paper made a very large profit. That's not boasting ... it's a fact to back up all I have said above. And far from selling any to take profit, I have been acquiring more as and when I can afford it (bit limited on a pension). That is because I believe everything I have previously posted and have the patience to wait for far greater returns than I have now.

I understand the impatience being expressed by some, but I can assure you that only has the effect of harming sentiment, doesn't solve anything and indeed if it leads some to sell them it may even harm your own investment. That would most certainly not be my chosen route forward.

Yes I would be worried if the current sp had anything to do with poor performance and delivery by BMN. BUT IT DOES NOT !!!! The company is highly profitable and delivering on its very exciting business plans.

Just let Fortune get on with it. He does have a great track record of delivering.

All just my opinion.

I disagree Kev. BMN is slowly establishing itself as a major player in the vanadium space. As for its progress that is entirely a function of its business plan and the management skills to deliver. BMN is very well placed in that respect. It also depends on funding. BMN is in a dream position with regards to revenue and profit. That is driven by the efficiency of the plant and its ability to keep costs down, which is a real strength at Vametco, and by the price of Vanadium. That will soon be given a very significant boost from the acquisition of Vanchem, which could raise revenue by around35% + or -.

Short term nonsense with the sp is not that relevant, even if it does create impatience in some of the investing community.

Just my opinion.

More importantly goblesmythe what lies behind your question? Seems very odd that a genuine shareholder should try to put people off buying shares in this great company.

Apologies. "Wul..."

Will I strongly disagree with your comment. The BoD has not "sat back and watched this drop..." The key component of the fall from 49p sp was the sharp and surprising fall in Vanadium price. Nothing the BoD can do about that.

In my opinion the BoD are doing absolutely what is right for longterm shareholders. They are wholly focussed on:

expanding production at Vametco
acquiring Vanchem
progressing the electrolyte plant
progressing the Vametco mini grid
developing Bushveld Energy, including leasing model with Avalon
proving up Vametco and Brits resource
working with Eskom on VRFB demonstration
progressing coal project

They may be rather busy at present but this all lays the foundation for company growth and far greater profits. They have always been and no doubt will always be focussed on the business and let that drive the longterm share price.

They may do a share buy back, but I wouldn't want that to be done if it diverts funds away from the above projects. The current share price is a bit irritating, but nothing more. Those who have been here a number of years have seen this all before. Just be patient and let the company deliver the goods.

Just my opinion.

.... is presenting itself to anyone with cash.

Just my opinion.

HL 23.177 / 23.875

Looks like you are correct Southernstorm. Even the issue of notification timing appears out of BMNs control.

Mogwhy in June this year YD were shown as holding 67 million shares. At very least that tells us that BMN had not been notified. None of us know whether it not BMN were unofficially aware so pointless speculating. BMN would not be allowed to inform market of such changes until formal notification had been received.mimagine the legal ramifications of releasing unofficial info that later turned out to be incorrect. Doesn't bear thinking about.

Whatever has happened here it is not BMNs responsibility. They informed the market as required.

Yes I remember that. Do you know if this is still the case or are BMN revising that pricing mechanism?

Haha. Fair point Alfa.

Here is the relevant quote from your link:

"I asked whether the greater efficacy of V+N (eg typically 20-30% more efficient per Vanadium atom for BMN's Nitrovan), when compared with FeV, might allow users to go further using the same amount of Vanadium. TP asked Fortune Mojapelo of Bushveld Minerals (BMN) to answer the question as "he is the only person outside of China doing it" - Fortune answered that it should help but it was a matter of the (relatively slow) education of the market to accept new materials and processes. Terry went on to explain that the Chinese users of Vanadium already had a very good understanding of the benefits of the V+C+N system and use it widely, making it from bought in Vanadium Pentoxide - thus in China there was little opportunity to spread the Vanadium that we have more thinly by substituting V+(C)+N for FeV."

I for one may have underestimated the significance of rising demand for specific high quality Vanadium products such as Nitrovan. Seems to have the potential to outperform the general V prices.

Thanks Alfa.

If your words are correct then we may have to rename you ... Perhaps "mystic Alfa?"

I do hope everyone here realises just how great is the intellectual contribution that you, Ophidian and BBN make and how that enhances everyone's technical and financial understanding.

Top Guns all three of you.

Regards. Pdub.