Member Info for Pdub

Wassatt wish you well with chemo (?). Hope effects not too debilitating.

Started my 2nd cycle of 8 on Wednesday.

Pdub.

Ok thanks for clarifying.

Pdub

Wassatt

"Pdub
I certainly wouldn't tell tell"

Sorry but I really have no idea what you are talking about.

Troajan I appreciate your comment. I have respect for you and am aware of your efforts with concerning 1onic. I don't understand why he does it either.

Similarly I have no issue with Wassatt but the comment was a poor one from such an experienced person. I and many others sit on life changing profits with BMN. That company deserves more respect.

I hope I have made that point without too much offence. Said my bit so I will shut up now !

Regards. Pdub.

A comment was made on the TECA bb yesterday describing BMN as a "Twitter run company". If anyone is interested I have posted my response to that nonsense on TECA.

Regards. Pdub.

Wassatt please forgive me for taking so long to respond to your Wed 11.43 post. Don't spend a lot of time viewing TECA. Only focus on my investments.

I am very surprised to hear you refer to BMN as a "Twitter run company" as nothing could be further from the truth. That one liner is an insult to the BoD of this AIM success story. Like you I am a bit long in the tooth and don't do Twitter either. You really are way off the mark with that comment.

This company is building a low cost vertically integrated vanadium platform, exactly as it announced to the markets several years ago. Unlike most AIM companies they are delivering on those plans and have provided huge returns for their shareholders through 2017 and 2018. Remember the company is debt free and cash rich.

Along the way they have pulled off some astonishingly good deals, in particular the acquisition of Vametco vanadium mine and processing plant for a knock down price when vanadium prices were rock bottom. Since then the V price has rocketed and profits soared, providing the cash for the Vanchem acquisition announced yesterday, with no dilution!

Their timing could not be better, coinciding with the growing momentum behind renewable energy and energy storage, as the Vanchem plant diversifies production base and enables a greater range of product, including electrolyte manufacture. In my opinion 2019 onwards looks every bit as exciting for the shareholders.

I do understand that the traders on this bb have very short term horizons, but I get the feeling that sometimes you boys can't see the wood for the trees. How did you guys with all your experience miss this success story? We were shouting it out loud. Maybe you weren't listening.

The sad thing about the UK is that people are very quick to knock success stories. Traders come top of the list of guilty parties in my opinion. BMN is a real success story, whether you and others on this bb believe it or not, so to dismiss it with the patronising "Twitter run company" slur is laughable and tells me all I need to know about your lack of knowledge of the company. We all make mistakes Wassatt, even experienced people like yourself. That's not a problem as long as we learn from those mistakes.

I have no problem with you or anyone else passing comment on BMN. It would be better if those comments are based upon just a little bit more knowledge than was evident yesterday.

I have no wish to offend you or anyone else on this bb. I hope the same respect will be shown to me by refraining from making more uninformed comments about BMN.

Regards. Pdub.

30 June at the latest.

MR I'm sure many of us have made same type of mistake. Easily done. MIKINAMAN is big enough and definitely ugly enough to cope lol

Regards. Pdub.

MIKINAMAN is a great guy, a good friend of mine and took the time to visit me when I was in hospital.

More relevant to here he is heavily invested in BMN, including a large pension lump, and Is most definitely a Bushy of the LTH type.

He is one of us!!!

Not just my opinion ... it's fact.

Regards. Pdub.

No problem Dav3J. Glad to have cleared up that point.

Just thought I would share a post that I wrote last night but decided not to post. It concerns conspiracy theories and in particular BMN wanting the sp held back. If you read all of it you may understand a modicum of smugness on my part today!

"BBs are great places for conspiracy theories. BMN is clearly no exception.

The latest appears to be that the BoD are not unhappy with the sp retrace in relation to JSE listing. Really? Evidence so far .... none! All circumstantial.

Some say the reasons for the sp retrace are:

Vanadium price drop (completely out of BMNs control)
Delay to deadlines (certainly not deliberate on BMNs part)
Market manipulation by MMs (definitely not led by BMN!!!)
Shorting activities (nothing to do with BMN)
Periods of no news (nothing new there)

There may be other suggested reasons. In my opinion BMN would neither have wanted nor encouraged any of those events. I do not buy into the idea that BMN wished for this situation.

So, even if they didn't cause it, perhaps they are happy with it? Really? The company's development is being funded by the huge profits being generated at Vametco. That is still happening but a reduction in vanadium profits for an extended period would most definitely not be in the company's long term interests. BoD happy with that? Doubt it! Of course a stable and realistic V price is helpful to the development of the energy storage business but that is not the same as an artificially suppressed price to suit JSE listing.

Perhaps they are deliberately holding back news that would help the sp? Rubbish. That's illegal ! The most significant news currently would be an increase in production at Vametco. They have injected significant time and resources into this and the results cannot be held back ... they will be in the Q1 update. Whenever that is delivered it will be long before JSE listing.

News on dividend policy is coming in Final Results, which has to be within next 2 months by law! That's before JSE listing so not helpful in terms of a conspiracy!

Any deals relating to for example brownfield site, Eskom, etc would most likely be under NDAs, but once completed would have to be announced to the market. Not held back to deliberately reduce share price.

I could go on, but I hope my opinion is clear."

I hope the cheap sp for JSE listing theory is now dead! As always the above is just my opinion.

Regards. Pdub.

Knuttie what price are they quoting now?

I have always appreciated SP Angel doing more than just forecasting prices via analyst document. They get out there and do the PR work, an example of which I quoted. They give interviews, regular media comments, etc. Our other brokers don't. Therefore whilst I do not agree with everything SP Angel have said, taken as a whole they have been a positive.

Many disagreed with their sp and vanadium price forecasts. As a result much of the rest of their contributions to PR got lost in the noise. I took a different view. And if we have learnt anything over the last couple of years broker forecasts have very little impact on sp beyond a day or so, otherwise wouldn't we be around 87p by now?

I am no fan of SP Angel or any other financial institution but I will happily accept any positive PR that comes from them.

Regards. Pdub.

In fairness to those one or two of those professional analysts some have seen the potential of BMN.

This is what John Meyer, Partner and professional mining analyst at SP Angel, said of the deal in an interview on 20 April 2017:

"Bushveld is run by an amazing team of guys ....... They have done what is one of the cleverest deals I have ever seen in my career, probably the cleverest ....... They've just acquired a vanadium producing business in South Africa which is throwing off very large amounts of cash and having signed that deal some months ago with a Russian group called Evraz, who for various reasons decided to leave South Africa completely, having signed that when the vanadium price was low, now that the vanadium price has virtually doubled, they have .. er ..constructed a deal where they are buying the business using the cash flows that the business has created over the last few months since the deal was signed. So it is an astonishingly smart deal. Not really surprising ... Fortune Mojapelo who runs the business is an Actuarial Accountant."

I don't think any of us would disagree with that comment. Certainly everything that BMN is doing now has been made possible by the cash generated by Vametco. That acquisition enabled BMN to move from a junior wannabe explorer to a miner and producer of Nitrovan.

I wonder if,when reviewing BMN in a couple of years or so, today's announcement may be seen as an even more important event, detailing a very significant brownfield acquisition and offering a tantalising insight into the future of the huge Mokopane vanadium project.

Just my opinion.

Regards. Pdub.

Dav3J always glad to see another convert to positiveness re BMN. Never too late to see the light.

May I clarify one statement in your post. "Something may have changed very recently for the dividend commitment to be dropped". Well unless I have missed something significant today (not impossible) the Dividend Policy commitment (note policy not payout) was not dropped. It has been moved to be contained in the Final Results, which in turn must be published by or on 30 June.

Something to look forward to I am sure you will agree.

Of course if something has been announced today cancelling the Dividend Policy announcement then I apologise for being unaware of this!

Regards. Pdub.

Wassatt calling BMN a sell. Sorry folks but had to challenge him on that one on TECA bb

Wassatt I suggest you do some research on BMN.

Today's news is a game changer for anyone with a tiny amount of patience.

But then I guess traders just can't wait.

Thanks bassguy. Let me assure everyone that both I and medical staff very pleased at success of surgery and so far no chemo side effects. Very confident about the future.

Delighted with today's news, and particularly happy for those that were concerned or had higher buy in price. Future of BMN just got very much more exciting!

Regards. Pdub.

Thank you. My confidence and positivity towards BMN has certainly taught me a lesson in how to cope with a cancer diagnosis. Positive is the only way.

Anyway Daisydog I hope your investment here gives you a great return.

Regards. Pdub.

Daisydog I am pleased to read your positivity this morning. Perhaps those of us that have continually expressed our support for the management were right after all?

I invested in the management team and time and again they have delivered. There will always be setbacks on any path to development of a growth company but in the end it is the big picture that counts. Hence my confidence and unwavering support.

I will repeat ... 2019 is looking very exciting for BMN and its shareholders.

Regards. Pdub.

Sanchez congratulations. You made top 10 rec posters.