Member Info for Pdub

Thank you for your interest maillotjaune. What a pleasant person you must be.

Goodnight.

Carpfisher thanks for pointing that out. I hadn't registered the post referred to but glad my comments helped.

Opencast is not without risk to the workforce, the most significant of which is likely to be high wall collapse. However mining companies use geologists, mining engineers and sensing equipment to check pit wall stability.

In terms of investor confidence I believe there is far less risk of an entire mining operation being shut down by such events in open cast operations compared to underground mining.

I should declare that I have a BSc Geology but have not worked in the mining industry.

YTSS I assume your question relates to BMN assets. The magnetite ores at Vametco, Brits and Mokopane all outcrop at the surface and are / will be extracted as open cast operations. No underground mining required.

Well whatever the answer, IF the seller has finished then tomorrow morning could be interesting.

Apologies Tyfoon. Scan reading always risky!

Could be a rollover Tyfoon but a Bed And ISA would be limited the the size of an individual annual allowance (£20,000?) so unlikely

Is it possible that the 2.75 million trade is a large sell worked through the day, and incorporating the cancelled 1 million sell from this morning? The price is perhaps the average price achieved over the day.

The maths as laid out by Investor81 seems to be very appropriate given the Atlas warrants RNS.

There are of course other possibilities, and the 2 x 400 k sells give rise to more questions.

27.5p th buy and sell on HL

On HL 27.4 / 27.95p

Hope everything works out for you and your family 0308966

Regards. Pdub

Well dsespite all the bb nonsense today and a few significant sells, there has been some good buying pressure and the sp rose 4% +.

The rise over the last 19 working days is now 29% and we await further news on production figures and later the Interims with hopefully some useful financial data.

All looking very good to me.

Hi knuttie. Nothing to do with me. Can't think of any reason why that post should have gone unless a technical issue with LSE (all too common).

Another £692,000 in the BMN bank account.

Knuttie I will not rise to any unintended provocation in your post but will respect you with a proper answer.

I worked as a senior manager leading a team of 18 graduate and postgraduate professionals, including 7 Heads of Departments. Now nothing special in that but every year each of these people had an annual review in which we examined their performance against previous targets and set new ones for the coming year. I spent a considerable amount of time working with these individuals devising challenging targets which with good performance they had a reasonable chance of achieving. There is nothing more frustrating than knowing a colleague has had an outstanding year but spent the first part of the review explaining to you why they hadn't met ridiculously unachievable targets. Very demoralising for that individual. Achievable targets are most definitely not soft targets as anyone with knowledge of this will tell you. Anyone who thinks differently has a fundamental misunderstanding of the nature and purpose of targets.

I have much experience dealing with targets, far more than is referenced above, and I can assure you that your comment about your grandson and soft targets pays me no respect whatsoever, and more importantly the same for Mr Meyer. Neither is it relevant to the point under discussion.

Final point. People have been telling me for months that the targets are holding back the sp. Really? So where is the evidence?

The last buy and sell before the Broker Note was released today I believe were 28.11p and 28.40p. The last trades at close of play were 28.00p and 28.14p. So following a broker note that raises the target 34.7% the sp fell. Where is the evidence? Surely if a low target was a drag on the sp the new target should have pushed the sp upwards.

This share is rising because of the great fundamentals of the company, an incredible and hopefully sustainable rise in the price of Vanadium, and outstanding leadership from our CEO delivering the business plan and shareholder value. I see no end in sight for that.

Clearly there are different opinions on these issues. I will leave it there.

Alfa I deliberately did not attempt to back calculate the previous rises compounded as was in a hurry. However I did compound the forward calculation as you correctly point out.

That detail does not undermine the point that 30 p might be reached this week!

Just messing about with more facts. The current rise began on 17 July so 19 working days. Something to think about.

SP 21.90p on 17.07.18
SP 28.25p on 13.08.18

Total rise 28.99%
19 working days
Ave rise 1.53% per day

4 days to end of week
Projected price rise at 1.53p per day to Friday gives closing price of 30.02p

Assumes of course that rise continues at same rate and that no news is released! Big if's!

Knuttie I am most certainly not missing the point I can assure you!

For anyone who worked in a profession where SMART targets were the order of the day, as I did, it is quite easy to understand Mr Meyer's philosophy. The A in SMART stands for achievable. Mr Meyer's targets have proven to be achievable in a reasonable time frame. I like that.

I note that someone has suggested that Mr Meyer has been influenced by this bb. Well I for one hope that is not the case!

When the 18.28p sp target was achieved, two weeks later a new target was issued at 24.94p, an increase of 36.4%.

When the 24.94p sp target was achieved, two weeks later (today) a new target was issued at 33.60p, an increase of 34.7%.

There seems to be a high level of consistency in SP Angel's target setting, whether or not one agrees with it.

Jamiejojo in that case I can assure you no one here would be happier than me.

I merely presented some facts which I hope some will find useful.

Regards. Pdub.