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It is a little odd Lamps. However when the share price begins to rerate no doubt Halfwit and his team will crawl off somewhere else.

Nice to see the share price rising today.

Agreed. That is why I think in terms of 2023/24. That’s a time frame that should deliver most projects and give transparency to the wider market of the achieved and sustained operational progress and profitability

That’s a fair point HarChris.

Ben I don’t know how good you are at history but many hindsight smart alecs said similar things in 2015/16 when so many, including myself, were heavily underwater. You may remember that was just before almost two years of rising share prices.

Can’t promise same again. However the company is in a much stronger position now and in my opinion the pressure of supply shortage in 2023/24 should push the v price and the sp up. When and by how much I don’t know. I guess that is the challenge of AIM.

Sorry Ben I forgot the following:

Planned expansion in stages as affordable

Opening of minigrid as proof of concept

Multi year wage deal with workforce

Clever targeting of sales to higher priced markets (eg US)

Smart man out CEO Fortune Mojapelo. Not perfect but definitely smart and delivering on his promises. Timescales sometimes slip (hardly surprising given the regional and global challenges) but BMN are making excellent progress as a significant vanadium supplier and delivering vertical integration.

An improved format of previous post:

Many of the junior explorers around in 2013/14/15 are still just that or gone bust. Still talking the talk but delivering nothing. Wannabe miners.



On the other hand Fortune set out his strategic vision of creating a vertically integrated vanadium platform. And in 2023 we find BMN:



Owning 2 of the 4 primary vanadium plants

Invested in both to upgrade and expand production


Owning one vanadium mine


Rights to two more vanadium resources ( Brits and the huge Mokopane)


About to complete an electrolyte manufacturing plant


With a partner developed the first electrolyte rental scheme


Helped create Invinity and made large profit from the shares


Significant interest in Enerox
Plans to hive off Bushveld Energy as separate company


Etc

Now add successful renegotiation of Orion debt to the list.



Definitely getting ‘the deals done’ and delivering his long term plan. Sooner or later the share price will reflect this once the current projects are delivered and profits visible.

Just for you Ben

Many of the junior explorers around in 2013/14/15 are still just that or gone bust. Still taking the talk but delivering nothing. Wannabe miners.

On the other hand Fortune set out his strategic vision of creating a vertically integrated vanadium platform. And in 2023 we find BMN:

Owning 2 of the 4 primary vanadium plants

Invested in both to upgrade and expand production
Owning one vanadium mine
Rights to two more vanadium resources ( Brits and the huge Mokopane)
About to complete an electrolyte manufacturing plant
With a partner developed the first electrolyte rental scheme
Helped create Invinity and made large profit from the shares
Significant interest in Enerox
Plans to hive off Bushveld Energy as separate company
Etc

Now add successful renegotiation of Orion debt to the list.

Definitely getting ‘the deals done’ and delivering his long term plan. Sooner or later the share price will reflect this once the current projects are delivered and profits visible.

Let’s hope so Sammy.

Morning Ben. I think you may be my first groupie following my every move. It’s very flattering but don’t get so jealous over Fortune.

As I said HMHG no need to make stuff up. Is that too difficult to understand? So calm down dear.

Headhunted. It happens.

Ben just for accuracy he was offered a deal he couldn’t refuse elsewhere.

He has described his job as an “awesome opportunity” for whoever takes over.

So no need to make up things about this

And to help you out a little more HMHG I include the following from Orion in the original Financing RNS:

Philip Clegg, Portfolio Manager at Orion commented:

“Orion is delighted to become a cornerstone investor in Bushveld. We have been attracted to the quality and growth profile of Bushveld's portfolio of mining and processing assets for some time, and we also recognise the leading role that the Company has assumed in the supply of crucial raw materials to the vanadium redox flow battery industry. We are looking forward to partnering with Bushveld as it continues on its growth trajectory and supporting the Company as it realises its full potential."

Now perhaps you can accuse him of lying … oh wait a minute you can’t because Orion are doing exactly what they said they would do

Because it is in the RNS. Can’t you read?

From Refinancing RNS:

“I am pleased to announce today's proposed refinancing agreement with Orion and wish to express my and our board's appreciation at the support and confidence shown by Orion in our business and future plans.”

Orion will not wish to rock the boat. They are very supportive of BMN and here for the long term.

Then there is this from same RNS:

“The proposed restructuring will be conditional upon shareholder approval which is expected to be sought at a general meeting. “

So what is put to the shareholders has to be the agreed version that will be the binding agreement, otherwise a waste of time having the non binding agreement voted on.

Now I know the trolls will try to sew seeds of doubt because that is how they work, but what is in the RNS is what will be voted on unless we are notified otherwise.

And I agree with the following from the CEO:

“The restructuring is an important part of our strategy to restore value in the Company's share price, ensuring the Company delivers on its operational targets, simplify its corporate structure and sharpen its investment proposition."

Wow Cindercone that is astonishingly astute. You do realise that I posted all of the terms and hopefully most can read and understand them!

That is also true HMHG. Fortunately Orion are very supportive and just as keen for the agreement to conclude as BMN are.

A question for you. Do you actually think messing with my name is acceptable behaviour for an adult? I couldn’t care less to be honest but in what way do think it isn’t anything but childishly pathetic behaviour?

Posted twice to help you understand lol

Well HMHG you should know it is a clear statement of intent by both parties to conclude a binding agreement subject to meeting certain terms and conditions.

Specifically in the case of BMN Refinancing deal with Orion those t&c are as follows:

“Conditions Precedent to completion

The proposed refinancing is conditional upon, inter alia:

Satisfactory confirmatory due diligence.

Shareholder, regulatory and nominated adviser approval.

Entry into definitive legal documentation.

Consent by the Financial Surveillance Department of the South African Reserve Bank.

At Orion's election, any other amendments to the existing security structure with Nedbank as may be required to implement the Proposed Refinancing.”

None of the above are in any way likely to be an issue.

This is normal business practice to clear all due diligence, approvals to complete the agreement. For example now agreement reached must get shareholder approval. Be crazy to make it binding before that was done.

Nice try to disrupt but not going to work.

Well HMHG you should know it is a clear statement of intent by both parties to conclude a binding agreement subject to meeting certain terms and conditions.

Specifically in the case of BMN Refinancing deal with Orion those t&c are as follows:

“Conditions Precedent to completion

The proposed refinancing is conditional upon, inter alia:

Satisfactory confirmatory due diligence.

Shareholder, regulatory and nominated adviser approval.

Entry into definitive legal documentation.

Consent by the Financial Surveillance Department of the South African Reserve Bank.

At Orion's election, any other amendments to the existing security structure with Nedbank as may be required to implement the Proposed Refinancing.”

None of the above are in any way likely to be an issue.

This is normal business practice to clear all due diligence, approvals to complete the agreement. For example now agreement reached must get shareholder approval. Be crazy to make it binding before that was done.

Nice try to disrupt but not going to work.

Buys outweighing sells by more than 2 to 1 yet very little uptick. Other way round mms would plunge the sp.

Problem seems to be AIM not BMN.