Member Info for Pdub

Looks like Admin may well be keeping an eye on the bb. If so I welcome that!

I find posting extracts from RNSs is an excellent way of supporting a point made. I agree that posting an entire quarterly update is perhaps over the top as they are so long.

As for BBN RK et al please carry on just as you are.

Just my opinion. No more significant than anyone else's.

High expectations?

Remembering from H1 interims:

Consolidated Revenue £62.1 million
Consolidated Ebitda £31.7 million
Consolidated Profit after tax £21.1 million

So profit was 2/3 of Ebitda (consolidated) in H1.

And from just Q4:

Vametco Revenue $60.2 million
Vametco Ebitda $39.6 million

(Apologies for pound / dollar use)

BMN own 74% of Vametco.

In 2019 Vametco is likely to see a significant rise in production and most commentators expect a continuation of the vanadium shortage and rising V prices. That alone should raise expectations! Never mind the other prospective vanadium developments, energy storage and the Lemur coal project.

I think there is much to justify high expectations of company performance and rising share price over the course of 2019 / 2020.

Just my opinion.

Regards. Pdub.

Ug '... hear ..."

RK glad to here Claire has come through surgery. It must be a great comfort to here to have a man like you at her side. Thinking of you both.

Kind regards. Pdub.

ma5k you are entitled to trade however you wish and post whatever you wish. The problem is that your posts are boring .... very very boring.

You have added absolutely nothing to the debate about the company and its plans and activities, or about vanadium, it's uses and the market dynamics of the metal. Or even macroeconomic factors or regulatory changes in China.

You just rabbit on about your trading and graphs. It has nothing to do with my investment and it is simply boring!

Perhaps more irritating is the typical traders conceit that you know more than everyone else, yet as far as this company is concerned the opposite is true. You probably trade peanuts compared to the size of investment of many people reading this bb yet try to give this air of self importance and that everyone here should take notice.

But take notice of what? You post nothing that hasn't been said by other boring self obsessed traders. Do you not understand ... I, and I suspect many others, don't care about your trading or what you think the sp is going to do. Our interest is in the company and its activities. Your contributions come across as just noise.

Wake me up when you have something intelligent to contribute about the company. Until then please feel free to continue to be boring, though I would prefer it if you didn't. No doubt you will vanish as soon as the sp makes its next rise. I look forward to that day, which hopefully won't be too long.

Now I must get back to watching the paint dry. More interesting.

Just my opinion of course.m

Daisan I have given my reasons before, but I will repeat.

Quarterly updates for production numbers yes. Perfect.

For everything else we end up with very complex RNSs with too much information, and sometimes a single small piece of negativity (eg missing target by 40mtV caused by maintenance issue) completely obscuring positive info eg on Brits and Vametco drilling results. I also believe some pi's do not read these long multi-part RNSs properly and miss key points.

It is possible that it results in news being held back until all update info is ready. Not sure that is in keeping with at least the spirit of the rules.

Finally, and most importantly, it can leave periods without news which can facilitate manipulation of the sp. a steady flow of RNSs would keep BMN more in the public eye.

However I must emphasise that in the long term this will not be important. Sp will be determined by how successfully the company delivers on its plans. On this point, whilst not 100% perfect, they have done a rather good job. Hence the huge increase in sp. In all other respects Fortune has my total support.

As previously stated I am pleased that they are keeping to their quarterly updates policy, as it is yet another example of BMN delivering on its promises.

Hope that helps.

Just my opinion.

Off to hospital now for Pre Op Assessment so wont be responding further.

Regards. Pdub.

Haha. If you wish to believe that Uksteveg who am I to disagree.

Could you start a discussion on dividend policy. I will be checking RNS's in full expectation tomorrow morning.lol

Regards. Pdub.

Pleased that BMN are delivering on their policy of quarterly updates (even though I don't like the policy!).

I agree Sanchez. Brits is important to BMN and although BMN closed the Brits deal after taking over Lemur, it was Lemur that started the process. Coincidence that Brits is the along strike extension of Vametco, which was itself later taken over by BMN? I don't think so! Brilliant strategy.

And let's not forget the several $ million cash that Lemur had in the bank.

As far as the coal project being not in keeping with the BMN philosophy and core business? Well perhaps. On the other hand even the Paris agreement on climate change recognised that poorer countries like Madagascar needed to develop their energy infrastructure and that could include coal power. BMN are engaged in improving energy infrastructure in Africa. Perhaps the Lemur project is not so far away from core business as some may imagine.

And a foit in the door in Madagascar for future energy storage projects might be advantageous!

I keep an open mind on this one.

Regards. Pdub.

Great news RK. My thoughts with you both.

Kind regards. Paul.

Sorry 993444 but I only post what I think. If people wish to bring down the mood on this bb I reserve the right to challenge that negativity, and will continue to do so.

Please filter me if you don't like positivity. However before you do so remember that over the long term, and that is all I focus on, I have been consistently correct. I repeat that 2019 looks equally exciting for BMN and the shareholders that have the patience to run with this story.

Regards. Pdub.

I think some of you are posting on the wrong bb!

It is certainly true that the last rise was a bit too quick (agree with your post Ophidian) and 'the market' can sometimes only read what it wants to read ie production target missed (yes but only by 40 mtV due to maintenance issue ... that happens in the real world!).

However what is not to like about Vametco Ebitda (last quarter $39.6 million). How many AIM companies can only dream of such profitability? Most I would imagine.

Prospects for 2019? Rather good!

Even if production stays at Q4 level, and with vanadium prices likely to increase, 2019 should be very significantly more profitable than the $107.5 million Ebitda 2018. So with no increase in production and vanadium prices similar to Q4 Ebitda would be roughly 4 x $40 million !!! ANY success in the planned increase in production raises that figure. Further rises in vanadium price would have a similar effect.

With 74% ownership of Vametco no wonder BMN is cash rich. And very important to remember that BMN has NO DEBT.

I repeat ... BMN has NO DEBT !!!!

Remember that BMN was one of the best performing companies on AIM in both 2017 and 2018. The current business plan suggests that 2019 has the potential to be another very exciting year for BMN shareholders.

This year offers us:
Dividend policy
JSE listing
Increased production at Vametco
Feedback on Eskom VRFB (+ contracts?)
Progress with Electrolyte plant
Developments at Brits and Mokopane
Rising vanadium prices
Rising profits at Vametco.

There is more but I will leave it there. And yes I am still wearing the same rose tinted glasses I had on at the beginning of 2017 (sp 1.86p) and 2018 (sp 8.5p). Haha.

Just my opinion.

Regards. Pdub.

ps the market loves profit and BMN is making lots of it.

Great post Roscon.

Regards. Pdub.

I agree Uksteveg. I don't like the entire Q update system, other than production numbers etc for Vametco. And the variable dates are frustrating. However it is company policy and they haven't announced any changes.

Therefore imperfect as it is I expect them to deliver.

Regards. Pdub.

Uksteveg I don't understand your comment that "It does not look like we are getting a Q4 update for Lemur.." The pattern of Q4 updates is well established. I don't like it but it is company policy. Previous pattern if updates in 2018 is within 2 months of Q end ie end Feb.

Out of interest these are the release dates of Q updates from 2018:
Q1
05/04 Lemur
11/04 BE
27/04 V

Q2
04/07 Lemur
11/07 BE
22/08 V

Q3
17/10 Lemur
09/11 V
29/11 BE

Other than the Lemur update coming first there appears to be little consistency in terms of sequence or timing of these updates, other than within 2 months of the end of the Q. Therefore I will not even attempt to predict when the three Q4 updates will be published, except to say between now and end of Feb.

In Q2 the final update was on the 22nd of the second month and for Q3 on the 29th of the second month. Although previously Lemur update came first there is no guarantee of that. There is still plenty of time in Feb for the Lemur and BE updates. It is quite possible that those updates could be held back to include specific expected news but I have no evidence if that.

I do expect the remaining 2 updates to be released before end Feb.

Just my opinion.

Regards. Pdub.

RichKen and Claire thinking of you today. No doubt she is in good hands and I wish you both the best possible outcome. Just beginning to understand what you have been going through. Yhe positive attitude that you bring to this bb will help you stay strong for Claire.

Kind regards. Paul.

Sorry. Previous post incomplete:

It seems there are some nervous traders around tonight. And so they should be.

We have been lectured to before by similar self appointed expert traders. Usually just before yet another strong rise.

Their clever words have no impact on the strong fundamentals of this company or the dynamics of the vanadium market. For all their 'expertise' on graphs (you know... the sort of thing kids get taught at school) the long term sp will be driven by revenue and profit .... And BMN is making plenty.

A reminder:

"After all what is not to like about Vametco Ebitda (last quarter $39.6 million). How many AIM companies can only dream of such profitability? Most I would imagine.

Prospects for 2019? Rather good!

Even if production stays at Q4 level, and with vanadium prices likely to increase, 2019 should be very significantly more profitable than the $107.5 million Ebitda 2018. So with no increase in production and vanadium prices similar to Q4 Ebitda would be roughly 4 x $40 million !!! ANY success in the planned increase in production raises that figure. Further rises in vanadium price would have a similar effect.

With 74% ownership of Vametco no wonder BMN is cash rich. And very important to remember that BMN has NO DEBT.

I repeat ... BMN has NO DEBT !!!!

Remember that BMN was one of the best performing companies on AIM in both 2017 and 2018. The current business plan suggests that 2019 has the potential to be another very exciting year for BMN shareholders."

So your boys can stick to your pencils and graph paper. I prefer to invest in a solid company making large profits and with a strong future plan. That company is BMN.

Still can't work out why all this graph paper and pencil stuff only alerted the traders to BMN after our first 2 years of significant sp growth. Surely to be effective they should have seen this sorry at the beginning. Ah... wait a minute ... That requires proper research. Bingo. Never mind. There's always hindsight investing. Lol

Just my opinion.

Regards. Pdub.

After all what is not to like about Vametco Ebitda (last quarter $39.6 million). How many AIM companies can only dream of such profitability? Most I would imagine.

Prospects for 2019? Rather good!

Even if production stays at Q4 level, and with vanadium prices likely to increase, 2019 should be very significantly more profitable than the $107.5 million Ebitda 2018. So with no increase in production and vanadium prices similar to Q4 Ebitda would be roughly 4 x $40 million !!! ANY success in the planned increase in production raises that figure. Further rises in vanadium price would have a similar effect.

With 74% ownership of Vametco no wonder BMN is cash rich. And very important to remember that BMN has NO DEBT.

I repeat ... BMN has NO DEBT !!!!

Remember that BMN was one of the best performing companies on AIM in both 2017 and 2018. The current business plan suggests that 2019 has the potential to be another very exciting year for BMN shareholders.

Ophidian apologies if my 14.07 post was a bit defensive in tone. Not having a good day. Please ignore me.

Regards. Pdub.