Member Info for Pdub

The BMN sp performance over the last two years has been astonishing.

Sp end Dec 2016 1.86p

Sp end Dec 2017 8.50p (up 357% from end 2016)

Sp end Dec 2018 38.75 (up 356% from end 2017)

Interestingly in the first 4 months of 2017 the sp rose to 7.86p (up 323%). And again in 2018 the sp rose to 23.15p (up 173%) in the first four months to end if April.

Got off to a good start and up 9% in 2019 as I write, which is interesting as last year the sp dropped 1% during January yet the year finished 356% up. I wonder where the sp will be by end April 2019?

Before then we have Vanadium Q4 update with expected significant increase in Ebitda. Icing would be increase in production. Also likely dividend policy. And commissioning of Eskom VRFB plus any other BE news. And Lemur update. And JSE listing? And perhaps news on Mokopane and Brits licences.

Wow.

Regards. Pdub

That's funny I-H. Thanks for the laugh.

Exactly.

And over that period my investment is down about 70%

He is worth every penny ... not.

In my opinion this is a disgrace.

However I totally understand why he appears not to be in a hurry to get things done. He doesn't need to.

Impatience is a great tool to lose money

Haha ... incredibly cheap

And I keep repeating this for good reason. Above all the noise these two points are fundamental:

Brockham progressing
Balcombe funded

ANGS us a small oil company. It appears to be on a path to produce oil from both sites. One can argue about how much oil and how long it will take, but in the end good commercial oil flow at both sites is a very exciting prospect.

This is just my opinion but in a year or so today's price might look incredibly sheep!

Can't speak for anyone else but I appreciate the time and effort that goes into having eyes on the ground.

In my opinion it would be great to have regular news flow from either company but that is not the case. The information provided by you guys is just about all we get so please keep it up.

Regards. Pdub.

Pat the figures you are quoting are significantly out of date. The current expected production target for 2018 is 2600 to 2650 mtV. However don't forget that the price of Vanadium was very significantly higher in H2 than the figure assumed by Fortune to forecast $150 million Ebitda. So although production is going to be lower this will be offset by higher vanadium prices.

You need to read the Q2 2018 and Q3 2018 vanadium updates to understand the reasons why. This has been extensively discussed on the bb so I will leave it to you to read the two updates, links provided below:

Q2 2018 vanadium update
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BMN&ArticleCode=ll7lde83&ArticleHeadline=Bushveld_Vanadium_Q2_Operational_Update

Q3 2018 vanadium update
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BMN&ArticleCode=p025kr6y&ArticleHeadline=Bushveld_Vanadium_Q3_Operational_Update

I must stress that this is old news. Hope that helps.

Regards. Pdub

Some time ago I posted this about CEO salary and in my opinion it totally explains a lack of urgency. Why rush when you are benefitting from this ridiculous (in my opinion) level of remuneration.

"1.5 million reasons to keep RP going?

Regent Pacific
CEO salary and benefits in kind as listed in annual reports

2015 page 145
US $1.5 million (+ discretionary bonus US $1.25 million)

2016 page 154
US $1.5 million

2017 page 152
US $1.5 million

Just my opinion but I find the salary of CEO astonishing. Hey ho. My investment of £10,000 nearly 5 years ago now worth less than £3,000.

No need to say any more."

Typo's in 17.30 post bopd (twice)

My previous post is perhaps best illustrated by this extract from the Balcome results RNS on 02 Oct 2018:

"... The test utilised Nitrogen and coiled tubing to clean and prime the well which when removed allowed a natural flow at 853 bopd equivalent, not including 22.5% water. A second flow period was undertaken with the well flowing naturally at 1,587 bopd equivalent, not including 6.6% water... "

Note the word equivalent.

Not a bad idea to keep expectations under control here in order to avoid disappointment.

Remember they will not be flowing oil 24/7 as this phase is production testing (Alan please correct me if I am wrong). There will be periods of no flow as they allow pressure to build etc. (again Alan I would welcome a more full explanation).

Thus if they achieve a flow rate of say 1000bopd (Alan'sconservative figure) they won't necessarily be producing that much initially. Thus please keep check on expectations of number of lorries.

In summary then, during testing a flow rate of x bod does not mean they will produce x bops in total.

Nevertheless:

Brockham progressing
Balcombe funded.

Very exciting.

GSD1 "Oops, member not found"
Millarmind "Oops, member not found"

Unless my spelling ain't up to par they're gone. Thanks admin.

Good commercial oil flow is what pi's want. That should boost the sp nicely.

Tidswell making noise is just a nuisance.

Remember:

Brockham progressing
Balcombe funded
Tanker spotted at Brockham
Sp rising.

Good for shareholders and that is good for Vonk in my opinion. I would hope for good news soon.

Don't want those city toffs taking over my investment.

Just my opinion.

Tony I take it you are pleased for ANGS shareholders that the sp has risen today?

the market has remembered this:

Brockham progressing
Balcombe funded

Sp responding.

Just my opinion

Previous post response to I-H

If Alfa plays golf like he invests then likely off scratch!

Regards. Pdub.

I need to update an earlier post:

60 posts in 30 days on a share in which you are not invested. Now that's what I call interesting. And one post since investing what may I assume, rightly or wrongly, is a significant part of your funds into BMN?

If you play golf like you view great companies such as BMN may I suggest that your profit would be better spent on golf lessons rather than clubs. Perhaps focus on positive thinking and visualising the shot, and not thinking about the hazards. Helped me to play off single figures.

I use the same philosophy here. You are what I would describe as a little bit of rough, to use a golfing analogy. I ignore you and focus on the fairway.

Hope that helps you to improve your game.

Just my opinion.

Regards. Pdub.

Don't forget dividends Sanchez