Member Info for Pdub

Forgot to add that the source was Fastmarkets.

Reported up again on another platform.

Good post Northern_Monkey. I agree a lot to be positive about.

To start the weekend. Interested in opinions.

This has been flat across all sectors and markets for a couple of days following the recent pull back.

Just a pause in the fall or the first signs of a recovery? What do you think?

I see this has dropped below 19 and at time of writing is still 18.71.

Doom and gloom for BMN or still favourably high for impact on costs? What do you think?

I do not normally focus on the share price (I am far more interested in operational progress) and to be fair to the critics it is ridiculously low. According to some here I am close to being the world’s worst investor so I would advise anyone reading this post to be cautious about the content.

I don’t know if anyone else had noticed that for the first time in 5 weeks the share price on Friday finished higher than the previous Friday. Up about 6% I believe. Ok I accept a very small positive so something or nothing? Bounce off low point? No idea … you decide for yourself.

Apologies if this news has already been posted.

Interesting move by IES, published 09 June

https://www.marketwatch.com/story/invinity-energy-systems-to-deploy-vanadium-battery-prototype-in-canada-in-2024-49a97f41

“Invinity Energy Systems said Friday it will deploy the first prototype of its vanadium flow battery prototype 'Mistral' at a site near its engineering and operations centre in Vancouver, Canada early next year.”

The reason this is of interest to BMN share holders, apart from yet another example of the growing number of VRFB projects being announced, is that they willl use it as proof of concept to potential customers:

“This Mistral prototype will also act as an important reference site for the company's stakeholders, while providing referenceable performance data to prospective customers," the company said.”

Recently one of the negative posters on BMN dismissed the minigrid at Vametco as a “pointless project” yet here we have IES planning a demonstration model for similar reasons (albeit a year or so behind BMN!) It would seem like the industry thinks rather more positively about projects such as BMNs Vametco minigrid as proof of concept (not to mention any contribution that it makes towards energy security at the plant).

TB I can tell that you are not a financial advisor. With your lack of understanding don’t give up your day job!

My shares at just over 4p are worth a little less than I have invested in them.

Sorry your entry timing was poor and you realised your loss.but man up please.

Very happy with my purchase today. Expecting a good return

And 2023 most certainly does not look like another year of losses. Q1 was almost certainly very profitable.

And you have no idea what price Nitrovan with premium is or what chemicals sell for or how profitable electrolyte will be, never mind how high the expected v price rise will be.

Don’t get lost in bitterness over your realised losses.

TB don’t lie. I have never said this is “the best thing since sliced bread” don’t lie.

I focus on BMN and what may be possible given the strong operational progress. If you disagree I have no problem but don’t you dare lie about what I say. I don’t compare BMN with other good investments, of which I am sure there are many.

I freely acknowledge all the ifs and buts in my posts. If you cannot understand plain English that is your problem not mine.

Any AIM investment is high risk, particularly in resources, but rewards can be very good as BMN demonstrated in 2027/18.

The current share is ridiculously low in my opinion. With the company entering 2023 in such a strong operational position all I have done is speculate with supporting evidence what may be possible.

I don’t expect everyone to agree but at least my opinion is fully explained and supported by facts in public domain.

Recently there has been a pull back in Vanadium prices but AsianMetals show last couple of days flat. Maybe a reversal on the way but at present BMN don’t sell in China.

In Q1 update BMN reported realised Vanadium price on Ryan’s Notes (US) of $42.5 kgV and FM (Europe) of $39.4 kgV. Neither of these include the Nitrovan premium or the higher prices received for Vanadium chemicals.

Wouldn’t take much V price movement to average around $40 kgV across BMN customers for 2023.

Again not guaranteed but certainly possible in my opinion.

ARC valuation forecast risked NAV of 12p for 2023 based upon an average V price of $40 kgV and Dollar Rand of 17 ( leading to AISC of $35 kgV). This was upgraded to 14p following their positive response to the refinancing of the Orion debt.

Dollar Rand has averaged much higher than they assumed. At 18 their new risked NAV would be around 15.5p

Share price now 3.55p. To get to 15.5p would require the sp to rise by 337% over the next 12 months. Is that possible over the next year? If BMN deliver on the news expected in that period why not. No guarantee of course and dependent on V price.

In 2017 year share price began around 1.85p and ended around 8p. A rise of 332% !! Interesting. ARC clearly think it is possible to repeat this IF realised V price averages $40 kgV. With growing demand for Vanadium electrolyte and very limited options for increased supply $40 kgV certainly achievable particularly in BMNs largest market the US.

Not a prediction. Just an opinion. DYOR.

Thinking back through BMNs history I am reminded of a previous year that started with a ridiculously low share price yet the immediate prospects for the company were very good, just like today.

That year was 2017.

The year began with share price around 1.85p and ended above 8p … a 350% ish increase. So what happened? Well the market had been informed of the impending purchase of a stake in Vametco which would transform BMN from an explorer to a producer. There was little market reaction until the deal was done, despite existing shareholders commenting on the potential. Once deal done the year saw a significant rise in share price as illustrated above.

So how is that similar to 2023?

Year begins with a ridiculously low share price (still more than double start of 2017 and much higher m/c!) and some shareholders getting very irate! Fringe elements even trying to threaten position of CEO just as in 2016/early 2017. However several significant events forecast:

Record production, possibly for Q2 and very likely for the year.

Costs reduced, helped by very favourable Dollar Rand.

Commissioning of electrolyte plant in H1 and sales in H2.

Vanadium demand forecast to rise to supply increase in VRFB projects.

Likely rise through H2 in V price and US market seeing stronger prices anyway.

Vametco minigrid coming online, saving costs and demonstrating solar plus storage.

Progress with Mustang.

BE hive off.

Debt refinancing resolved favourably.

Likely to see profits in RNSs

Just as in 2017 I expect to see a positive market reaction as the above potential becomes reality. Could we see a similar percentage rise or more in 2023? Well the analysts suggest yes so why not.

What no one can predict with certainty is the volatile Vanadium price but the demand side looks strong given what we know.

Just my opinion. DYOR

I hope anyone that has been taken in by the troll Halfwit noted his comment today that he does not care what happens to you or your investment (“I couldn’t care less what happens good or bad to others”). He will say or do anything for a few quid.

Jshodgson I would first like to make it clear that I take no pleasure in anyone losing money on BMN. However you must be one of the unluckiest investors on the planet if you invested all of your savings at 48p. The sp only reached 48p for a day or two in mid November 2018 and again very briefly around 19 December 2018.

Yet below you talk about following this bb in 2017 and noting the forecast sp rise. As the share price was only just over 8p at the end of 2017 those price forecasts were spot on. Given that the share price was rising steadily through 2017 and 2018 why did you apparently wait over a year to invest all of your savings at 48p? I am not judging your strategy (that is your business not mine) but something doesn’t sound quite write about your account.

Forgive my scepticism but we do get folks on here that will do or say anything to make a few quid. I note that you sold some of your 48p shares in 2021 so I guess your position is not as bad as it could have been.

29.03.21

“I topped up a little at 15.98 with all the spare cash I had.”

13.05.21

“I’m offloading a chunk of my shares. I’ve realised that although this forum is very optimistic most of the time, the fact is that the share has fallen steadily since late 2018 and every week I pray that the people who post about a big jump up in price ‘next week’ are right and then spend the week getting steadily more depressed. I will keep some shares as I have held them for so long and do hope the price jumps up for the people that can afford to wait.”

01.06.22

“I invested in this share based on what I read on this forum (before I understood how the forum works) back in 2017 and thought the price had a chance of going up based on all the positivity”

08.06.23

“According to the people on this forum we bottomed out about 4.5 years ago when I came in with all my savings at 48p (that is 48 not 0.48)”

Sorry. My mistake…. Now 9% lol

3.55 / 3.67

Up 8% on HL. Shows how quickly this share can reverse once the market perceives value.

In my opinion that value will be demonstrated through 2023/24.

DYOR

Lamps I don’t think you will get a sensible answer out of Halfwit. I am not sure even he knows why. Poor chap.