Member Info for Pdub

Take care following advice from bottom feeders. Remember they are only in it for themselves ... not for you.

They are not interested in the company. Not interested in its future contribution to clean energy and battery storage. Not interested in providing employment in South Africa. Nit interested in providing reliable electricity in relate communities and poorer parts of the world.

No they are only interested in relieving you of your precious shares so they can make money at your expense. All for the sake of a few % points gain. Yuck.

Just my opinion but based upon years of reading their cr*p.

Regards. Pdub.

Charlie a mine that MIGHT open in three years time is irrelevant to the current supply demand balance for vanadium. Whatever it is that has led to a drop in V prices short term it is not proposed mines like Gibellini.

Charlie you refer to "new mines being opened up in the USA", (note plural). Could you be specific about these new mines? Locations / dates of opening? I am a little surprised as I believe it takes rather a long time to open a new mine in any jurisdiction around the world. For instance Gibellini in the article you referenced isn't up and running until 2022, and that's assuming permissions and funding go smoothly. I doubt that is having any impact on today's vanadium price.

Forgive a little piece of mischief but would your previous post be of any significance? I quote:

"having sold majority at 46p and 42p.was looking at buying back more sub 28p...really not sure this bottomed yet...gla"

Regards. Pdub.

Just listened to one of the men imprisoned with Mandela. Very interesting opinions.

As far as the ANC is concerned he acknowledged that in politics sometimes it's having the least bad party win that is important (that could well apply to the UK). Interestingly he said that even if the ANC recorded less than 50% he hoped they could form a Government and lead a period of consolidation of reforms and anti corruption.

I wouldn't get too fixated about specific % of the vote.

BobbyAxe given that President Ramaphosa has been working to modernise SA and tackle corruption both nationally and within the ANC, the real question in my mind is whatever the result today, just how much worse would it have been for the ANC if Zuma was still in control?

The last 4 Vanadium updates have been released the following no of days from end of Quarter in 2018/19:

Q1. 27
Q2. 53
Q3. 40
Q4. 30

The average time taken to release the Vanadium Q update is 37.5 days from end of Quarter

We currently stand at 37 days from end of Q1 !!!

The facts don't lie but perhaps Strider does, unless of course he is so poorly researched that he doesn't have a clue. There is not a set target date for release and if Q1 Vanadium update was released tomorrow it would be exactly the average time taken!

Strider you need to apologise for repeatedly posting what appears to be false and misleading information.

Strider a simple question for you.

What date was the Q1 vanadium update due?

Strider the word hypocrite comes to mind when I read your name (re your own rudeness and arrogance)

You turn up today blatantly talking your highly misleading trader nonsense and displaying what appears to be complete ignorance of what is going on at BMN.

As far as Q1 figures are concerned your posts today are appalling. The varying publication date of any Q updates means that you cannot read anything into that. Pure mischief on your part. Shame on you.

Your repeated attempts to suggest Q1 figures are poor would be laughable if they weren't so misleading. In fact the ONLY evidence we have on Vametco production for Q1 is from shipment figures to the US (courtesy of Paludina) and they are significantly UP.

As for Q1 publication date, well if you have been paying attention you will realise that BMN have been negotiating the acquisition of Vanchem, a move likely to be of equal or greater significance to the acquisition of Vametco. Those that forecast doom and gloom due to news silence from BMN were COMPLETELY WRONG! It is hardly surprising that that news was given priority over the Q1 update. I would imagine this has taken up much of the BoDs time. Fortune has said the Q1 update will be here soon. I look forward to it as the only evidence we have in the public domain indicates production up, though we shall have to wait and see.

I believe good production figures will give a nice boost to sentiment, and AIM is all about sentiment. Could give the sp a nice boost.

Whatever happens short term to the sp the company has moved a long way forward with the Vanchem deal. Great news for proper shareholders.

I can't answer that Rob. BMN have an unfathomable approach to timing the Q updates. I have previously stated that I don't like this system of news release. It could work for Vametco numbers only but needs to be on a proper timetable.

Other news should be released when available.

However Fortune does his own thing and in most ways it works well so I am quite happy for him to ignore my opinion on this!

Regards. Pdub.

Morning knuttie. I am doing ok thank you.

I assume from your opinion of the market that you agree with the opinion that increased production figures won't push up the sp?

If the sp did go up wouldn't that suggest that the market understands the significance of this? The market wasn't impressed when production did not increase!

Regards. Pdub.

We have been waiting for many months to see evidence that the Phase 2 expansion programme at Vametco has increased production.

I find it surprising that anyone would suggest that an RNS (ie Q1 Vanadium update) containing significantly increased production numbers would fail to nudge the sp upwards.

Even with Vanadium price at $45 to $50 kgV Vametco is still very profitable, so every extra tonne of production significantly adds to revenue and profit. I think the market is shrewd enough to know that.

Just my opinion of course.

Regards. Pdub.

Personally I can't see any link between a company announcing its production numbers (normal business) and an election result. Of course I could be wrong but if the Vametco results are ready this week I would expect an RNS. If they aren't then no RNS.

However I don't really care when the numbers are released. Only interested in the numbers themselves, and quite excited! Hoping to see a significant increase in production for Q1.

Regards. Pdub.

Not sure of the significance in terms of production but in the 19 days inclusive from 21 March to 08 April some 246 tons of Nitrovan was shipped from SA bound for the US. Seems to be quite a lot!

Food for thought.

Regards. Pdub

Halespur I cannot speak for other LTHs but here is my position.

I first invested in BMN in October 2013. At that time the company was a junior mining explorer with some exciting resources to develop, mainly iron ore and tin. Iron ore prices were high and there was the prospect of developing phosphate and possibly titanium.

However everything changed on 27 November 2013. Fortune was giving a presentation at a ProActive investor evening in London. I travelled to London to attend the event. Late that morning BMN released an RNS announcing the Mokopane Vanadium project and this created some interest in the market. It also created a buzz at that event with much interest in what Fortune had to say.

Now I was very lucky to have invested in BMN without knowing the company was about to refocus on Vanadium. I do not regard the rest as luck! I had the chance to talk with Fortune after the presentation and was very impressed with his knowledge and clarity of thought. It was at that point that I decided to give Fortune my support and stick with this investment. Several more opportunities to meet Fortune and other members of the BoD simply reaffirmed my initial impression. That was not luck. It was a deliberate decision on my part to invest in the man, based upon my own assessment of his capabilities. I have maintained that position ever since, and for over 5 years have voiced the opinion that Fortune would give a great return to investors with patience, even when the sp crashed below 2p. I maintain that position today!

True enough I did not know how events would favour the vanadium business, but I believed Fortune would make the best of whatever opportunities presented themselves to BMN. I think that judgement was correct.

Regards. Pdub.

Paludina looks like you will be working overtime to keep up with shipments!

I am not sure the market yet understands how much cash is coming in! Vametco production costs in 2018 were below $20 kgV (Q4 below $19 kgV). Even at current prices Vametco is very profitable. We await Q1 update which hopefully will show raised production of vanadium too.

I know the brownfield option has been under discussion for some time, but I wasn't certain they would pull it off. Yesterday's announcement was astonishingly good. At least as good as Vametco in my opinion. Caught me by surprise ... in a very very positive way!

I will now have to think about my medium term target (75p to £1.50). Beginning to look a bit conservative, particularly if V prices begin to climb to higher levels.

Just my opinion?

Regards. Pdub.

Another good interview.

Unless I am mistaken Fortune said that Vanchem had ore stock for at least another 12 months. He also mentioned that excess concentrate from Vametco could be processed at Vanchem. That suggests that production at Vanchem is secure for at least 12 months.

Significantly he hopes that Mokopane can start supplying Vanchem within 12 months.

Repeated the target of 10,000 mtV pa.

Regards. Pdub.

Well if it is traders getting out then glad to see the back of them. Hopefully their shares will be taken up by folks with a bit more patience and enough understanding to see the incredible potential that BMN offers.

Here is an extract from Roskill (actual experts!)

"Consensus on the ground in China is that the enforcement of new rebar regulations (currently a tolerance period is ongoing) will ramp-up, albeit gradually, in 2019. This will increase China’s intensity of use of vanadium and drive strong growth in vanadium demand. As a result, Roskill expects the market to remain in deficit for some time. There can only be a limited short-term supply response as vanadium co-producers (which account for 70% of supply) are governed by iron and steel market dynamics. There is also limited upside potential from primary and secondary supply, save for Chinese coal stone (an important vanadium-bearing resource in China)."

https://roskill.com/news/vanadium-2019-set-to-be-interesting-year-for-the-market/

And the above appears to not depend on significant impact of VRFBs. That would be another exciting element in the mix.

They seem confident about the continuing vanadium market structural deficit.

Regards. Pdub.

Expert your $30 kgV is false and misleading. I suggest you do some research and correct with the actual price.

Understood Wassatt. My best wishes.

Pdub.