Member Info for Pdub

Invest please don’t misquote me. I did not say “ To state with FM in charge SP would be 5p by the end of year is misleading”

Here is what I actually said:

“ Or you could argue, as I would, that given the very significant operational progress made that has set up BMN for a positive 2023/24, a share price of 5p by year end would be a relative failure.

I expected a better performance than that with FM in control. New CEO will need to do much better than 5p and he certainly has the experience. He has come in just as BMN has been turned around. He needs to make the most of that.”

At no point did I say the share price WOULD BE 5p, with or without FM in charge. I merely speculated about that number that I believe others raised

If your comment was not aimed at me I apologise as there are 37 green boxes on my chat list, so I have to guess who you are responding to.

I take your point Squirty but I would add that too many UK companies have in the past turned a blind eye to terrible working conditions at their overseas suppliers factories, if not their iwn facilities.

The fact that BMN places such importance to the safety of its workforce is a BIG plus for me.

Correct Moneyman. All that we learned from the Final Report would have been known and accepted by Orion.

In yesterday’s RNS the terms and conditions were repeated and we were informed that they would be voted on at the AGM … just as I predicted.

What evidence of that Chipsndips? Just unsubstantiated chatter? If you owned those shares would you sell at less that 3p? You think he has waited all these years just to give them away? I think not.

I would also remind you that FM is CEO until end of June. As such he is a Director and would have to notify the market of any sells. Unless we get an RNS he ain’t selling. Sorry but fact.

Or you could argue, as I would, that given the very significant operational progress made that has set up BMN for a positive 2023/24, a share price of 5p by year end would be a relative failure.

I expected a better performance than that with FM in control. New CEO will need to do much better than 5p and he certainly has the experience. He has come in just as BMN has been turned around. He needs to make the most of that.

And if you want to reference performance yes currebpnt share price very disappointing. Well done on spotting that!

However did you also spot that thanks to their long term investment strategy 2022 was a record year of production?

Did you notice that Q4 2022=was the record Q production total?

That thanks to that investment strategy soon to open electrolyte plant and minigrid?

The investment over the last 2 years has totally transformed operations. Craig takes over at the point when the hard work has been done and the company stands on the point of return to profitability.

That is the other side of the performance coin and that will drive the medium to longterm share price.

You look backwards if you wish. I am more interested in what is to come. No guarantees of course.

Hindsight investing eh SuffolkandWatt. Makes everyone an expert don’t you think.

And given that we knew most of the financials already what do you think has been happening in the post period Q1 / Q2? As you are an expert I would appreciate your forward looking view prior to H1 update. Let’s see how good you are?

Production totals?

Costs?

V price?

Cash position?

And they have not abandoned expansion plans. They have announced four stage expansion as and when affordable. Very different to your description and very practical

That was a strong positive from yesterday HarChris.

I feel vindicated for several times posting that load shedding was less of an issue at Vanchem and for some reason receiving abuse for it. Good to have it confirmed. Expect good production figures from Vanchem for Q2 and hopefully reduced costs (economies of scale)

Filtered.

Thanks Loudspeaker.

Well done Wul_1976. Hope it does well for you. Had some myself.

Today’s drop looks completely over done. I expect a slow recovery.

Glad that in the phone in they cleared up the going concern issue. Ie funds only needed if Orion deal doesn’t go through, which it will I have no doubt. Vote at the AGM on same terms as in earlier RNS, which is what I thought would happen. Pity the relevant section of todays RNS was so poorly worded. Apparently even BBN may have been misled!

Just my opinion. DYOR

That cuts both ways Trevor. You entirely focus on negatives yet can’t even be honest about whether you are invested. My ‘Agenda’ as you call it is very clear for all to see. An investor that strongly supports the operational progress made by the company. Consistent and transparent.

Your agenda on the other hand …. Muddy and opaque.

Honesty is a rare commodity on these bbs Trevor.

Not wasting any more time on you

Filtered.

And frankly Trevor I could not care less whether or not you suddenly find honesty is the best. That should always be the case.

That is all I have to say to you.

Part 2

When loud mouthed bb thugs bang on about my investment strategy blah blah I hope others will remember this post and realise what sad individuals those are. ARCM, Halfwit, etc and now you Trevor. Congratulations.

Fortunately I feed off that nastiness and understand that they have no serious criticism of the operational progress made by BMN, which is what will drive the share price in the medium to long term. All I try to do is to ensure that potential new investors get an overview of operational progress at BMN. Hopefully some might find that helpful but as always DYOR.

Part 1

Trevor as you have jumped on the bandwagon of questioning my investment strategy I will give you an honest answer (to show you how it is done). Honesty doesn’t need trading by the way.

I retired in 2013 with significant savings and a very good pension lump sum, along with a very good final salary pension and no mortgage. Interest rates were rubbish so I decided to invest a proportion of that money into shares. The actual amount is my business but I deliberately restricted it to an amount that I could afford to lose without any impact on my lifestyle.

I have only added small amounts into my share account since then, maybe another £8000 or so. For several years I had a diverse portfolio of shares but from 2016 BMN became my largest holding. Some of those shares did well and some not so well. Typical of most pi’s I would imagine. My shares were mostly in mining and oil and gas, given my geology background, but I also held Lloyds and one or two tec / pharmas.

On 01 January 2019 I was diagnosed with cancer and a form that usually kills. That changed my world. At that exact moment BMN sp was riding high but I had bigger issues to deal with. Over the next year I had to contend with major surgery and then six months of very unpleasant chemo.

Whilst I maintained my interest in BMN the company, trading shares was the last thing on my mind.

In the spring of 2020 I was informed that my cancer had returned and was immediately placed on palliative care (likely to die within 6 to 12 months). This was more crushing than the initial diagnosis. I realised that I needed to consolidate my financial affairs to simplify my estate. I sold off my other investments and only retained BMN. Remember I only invested a proportion of my savings in shares but that still needed to be straightforward to deal with upon my death.

When people like yourself write obnoxious comments about what you perceive to be my investment strategy without knowing any of this it does question the integrity of those authors. It is a sad fact that BMN attracted a handful of nasty individuals who think it ok to write whatever they like without considering the accuracy of their comments. I feel sad for them.

Fortunately I did not die as expected and that remains a mystery to the medics who say I continue to defy the odds and who are following my case with interest at two of the hospitals where I have been previously treated. The new drug is working well in so far as I am still alive but I live a three monthly cycle form one scan to the next. It can change very quickly.

I have kept my investment in BMN as I am interested in what they are doing in relation to energy storage and helping the South African economy to grow. I also expect a good return to pass on to my wife. As you know I have been very supportive of Fortune Mojapelo and I am sad to see him go. He has driven this company forward from nothing but now someone else will take the reigns. That’s fine.

Beginerman I may have misjudged you in the past. For that I apologise. It is too easy to get carried away in the heat of the moment. My life has had its stressful moments (understatement) and that does not always bring out the best in me.

Anyway water under the bridge etc.

Trevor I have not bugged anything up. I have focussed on published facts about operational progress and all of my opinions are based upon those.

I have many times posted about progress on the operations side only to receive personal abuse for my troubles. Yet when I invite the abusers to say what parts of my summaries of operational progress are wrong … nothing. Just more distractions to try and discredit me (like you have just done) or more abuse. Just makes me stronger.

So did you or did you not buy in again today? Simple yes or no. H9nesty please.

Haha likewise Codejunkie. Quite refreshing having so many in the bin.

Oh come now Trevor you and I both know that motivation is everything. Given how hard you are working at presenting everything as negative about todays RNSs people maybe need to know why you are doing it. Comes down to trust.

I don’t post about shares I am not invested in. Matter of principle and I certainly wouldn’t want to risk’ damaging the interests of existing shareholders.

You on the other hand have spent the morning doing just that. Is that normal behaviour or is there a motive behind your posting. Cheaper entry price … that sort of thing. Quite understandable if so. I wouldn’t do it but each to their own. But please just be honest about why you are doing it.

And please no bull about protecting new investors blah blah.

So you are unable to give a straightforward honest answer to the simplest question I could give you. Interesting.

Did you buy back in this morning?