Member Info for Pdub

I will break my silence just to put some positive numbers out and place the figures for Q2 2018 into context.

Vametco Q update numbers (Date - , mtV prod, mtV sold, Ave. price V, Ebitda, ebitda % increase)

Q1 2017 (calc. From Q2) - (646, 644, $25, $2.41 million) (pre BMN)
Q2 2017 (calc. from Q3) - (795, 697, $27 kgV, $4.06 million, + 68.5%)
Q3 20 Nov 2017 - 669, 744, $39.4 kgV, $6.93 million, + 70.7%
Q4 22 Jan 2018 - 539, 636, $39.1, $9.26 million, + 33.6%
Q1 27 April 2018 - 731, 690, $61.8, $15.78 million, + 70.4%
Q2 Aug 2018? - 629, 713, $69.2, $26.32 million, + 66.8%

The Ebitda % increase figure is based upon the increase from the previous Q. I think most AIM CEO 's can only dream of such large increases for 5 successive Qs.

I would hope that this will continue through Q3 and Q4, driven by Vanadium prices significantly higher than Q2 and a gradual ramping up of production.

Apologies if there are any small mathematical errors. Happy to be corrected.

Sources of info are the RNS Q updates, using the stated dollar rand rates. Some figures for Q1 and Q2 and to be calculated from info in later RNSs

Remember in 4 of the last 5 Qs Ebitda has increased by 65 - 70% each time if my maths is correct. Not bad! Even at 59% ownership BMN share looking rather good!

From Brockham producing oil from Kimmeridge would would be a good start.

Like many here I have been waiting a long time for Brockham to get going.

My understanding is that ANGS now have all permissions / planning in place to do just that.

Please Angus management stop waiting for HH, stop waiting for Balcombe. Just get on with Brockham!!!

Balcombe is in West Sussex (WSCC). Surrey County Council (SCC) have nothing to do with Balcombe.

In my opinion WSCC seem to be much easier to deal with. Lidsey is in West Sussex so Angus already have a working relationship with WSCC.

Funny thing about glaciers - they don't stop moving. I'll settle for that!

Thank you Nick. Great posts.

There are times that I still have to convince myself that the BMN story is this good. Your posts are a welcome reminder of how well things are going.

Regards. Pdub.

Cindercone I visit this bb to read about BMN and matters related, and to contribute to those threads if I so choose.

I do not wish to read opinions about me, and I doubt very much that others are finding this useful either.

Sadly cindercone I have to add you to the filter list.

Now please will someone start a thread about BMN?

Coffeecups a highly provocative and childish comment. Permanently filtered.

FB I thought you were a bigger man than that. Very disappointed.

You have lost my respect. Filtered.

End of story.

MR hope you have a great holiday. Precious family moments.

Regards. Pdub.

Here is the heart of the issue. FB wrote "pdub please stop describing people who choose to sell as weak" the problem is he is simply wrong. I didn't do that. I included several groups of shareholders that might be selling, but offered no opinion about the selling whatsoever. One group I identified as "weak holders" a descriptive term in common use on bbs and explained in a previous post, and far better explained by Daisan earlier in the day. However even this group I did not describe as weak for selling.

This could be sorted if FB simply acknowledged that on this occasion he may have misinterpreted my post. An apology for the rudeness would be nice but ...

I am sure some will be thinking shut up. I don't blame you but as far as I am concerned my reputation has been under attack and I want this resolved.

Regards. Pdub.

Thank you for that knuttie. Much appreciated. You are most likely correct in your final conclusion.

Problem is I am old school ie I am happy for people to disagree with me, as indeed you have on the issue you mentioned, provided they keep to the point and don't misrepresent my words. And most importantly do not use personal insults against me on a public forum. FBs first first was not offensive - it was just wrong. Part of his second post was very offensive.

Regards Pdub.

As for the 14 that recommended that post if that is the standard that you accept on this bb then I would find that disappointing.

I hope this post may find a receptive audience but hey ho ... life goes on.

Sorry for wasting bb space on this. Try to imagine yourself in the same position.

Regards. Pdub.

Very sorry to end the week on a negative note but I am so angry about fatbanker's interventions this morning and with those of you that recommended his highly misleading and in one case very insulting posts.

The original post was a perfectly innocent attempt to be positive about the pause in the sp rise. I repeat it below. Please read it carefully!

"This pause the in sp rise may not be such a bad thing.

It has given the weak / impatient holders plenty of time to exit. Some may have hit their target for some or all of their holding and done the same. LTH's have had an opportunity to sort funds and top up. But most importantly we have new investors in and of course welcome to them.

In my opinion this helps to establish a more solid base from which to launch the next stage of the rise. Exciting stuff!"

Terms used were purely descriptive, NOT judgemental. This is as I understand them:

Weak holders - those uncertain about an investment and not fully committed to long term. This term is commonly used on bb's. I used it in the descriptive sense and in no way was it a criticism.
Impatient holders - those unwilling to wait to as sp rise may not fit their agenda and timescale.
Holders hit their target - we all have targets. I have publicly stated mine. When the time comes no doubt I will sell.
LTH - those committed to the company and the story, and in it for the long term. ( I have already been here 2 months short of 5 years so I think I qualify)
New investors - those recently purchasing shares in BMN.

I did not write or intend a single word of criticism or judgement about any group or individual for buying or selling during the pause in the sp rise, which was the focus of my post. Just trying to make sense of why some are selling at this time.

There are numerous groups I did not mention but the most important are those that either have to sell or simply choose to sell for other reasons. They were not relevant to the post because the pause in sp rise would be unlikely to affect the timing of their selling. So I did not mention them!!!

When fatbanker wrote the following it is clear to me that he has completely misunderstood the purpose of my post:

"pdub please stop describing people who choose to sell as weak, you don't know their circumstances, their need for cash, the effect of timing and other factors on their decision or what life changing things they may be doing with the money. we need the sellers to make a market. gla"

I did not do what fatbanker accused me of. I can only hope that by spelling out in simple terms the purpose of my post FB and some of the 17 that recommended this post will understand their mistake.

Final point. FB wrote "stop being an officious tool." Directed at me. FB there is no excuse for that offensive language, whatever you may think of me or my opinions. If nothing else I would hope that you would be generous enough to apologise for that rudeness. As for the 14 that recommended that post

Congratulations Alfa. Hope all goes well for you and have a great day.

Regards. Pdub.

Daisan thank you for your comment. That is exactly what I mean by weak. You summarised it perfectly and I am grateful.

I am quite offended by the comments and recommendations this morning so reading your rational comment was something of a relief.

Regards. Pdub.

I see that FBs post is attracting a number of recommendations so perhaps i had better expand my justification for using the term "weak".

This word is frequently used on BBs. To me it means holders who are not entirely committed to the investment. For example some years ago I put money into FUM as a speculative investment, not knowing much about Pharmaceutical companies. The sp did rise slightly but I changed my mind and exited FUM. I was what I mean by a weak holder. Not committed. By the way that money went into BMN.

The pause in the sp rise does make such investors question whether to hold or sell. Those are the people I was referring to. Sadly FB chose to interpret my post in a way not intended by me.

Those with personal reasons for selling eg emergency, take out mortgage, etc, are on timescales not dictated by the pause in the sp rise and therefore I did not mention them as those sellers were not relevant to the topic. Remember my post was about the pause in the sp rise.

And I acknowledged those who met their price targets etc. I did not judge or criticise anyone for selling. I was trying to demonstrate that the pause in the sp rise could be considered in positive terms, including giving people the opportunity to buy or sell as is their choice.

I would welcome an apology from FB for misunderstanding my comment, an easy mistake, or from anyone that recommended FBs post or should retire to the bunker to shelter from yet more criticism?

And FB your second post post was unnecessarily offensive.

FB please stop misrepresenting my posts. Not the first time you have done it and it is very very annoying.

I included that word in a range of options which you didn't mention, and offered no comment in terms of judgement. I 100% stand by the content of my post which was wholly positive.

If you don't like my posts then filter.

This pause the in sp rise may not be such a bad thing.

It has given the weak / impatient holders plenty of time to exit. Some may have hit their target for some or all of their holding and done the same. LTH's have had an opportunity to sort funds and top up. But most importantly we have new investors in and of course welcome to them.

In my opinion this helps to establish a more solid base from which to launch the next stage of the rise. Exciting stuff!

Ophidian guilty as charged and proud of it at 64!

I owe you one for best laugh on this bb for some time.

Regards. Pdub.