Member Info for Pdub

Oh dear Alan. You really are a frustrating man. I have not claimed that mining vanadium or any other mineral is a green process. I have far more knowledge of this than you are crediting me with and frankly a I find that highly offensive. It is a pity that you did not read my posts with an open mind and a willingness to understand and appreciate alternative positions. Is that how oil engineers work? Anyway I tried to introduce some balance to this bb but clearly some of you are not ready for that and simply want to pick fights with everyone. Alan you are an undoubted expert in the oil business. Perhaps you may recognise that others have more expertise than you on other matters. Good luck. Please shake hands with Pboo and stop filling this bb with daft arguments. Regards. Pdub.

Fair comment Daisan thank you. However my comment about appearing insignificant in terms of cost for what we acquired I certainly stand by!!!

Alan I fully appreciate where oil vanadium or any other mineral comes from. I am simply surprised that you failed to understand what I was saying. I expected the attempt to undermine my credibility re geology but that is simply very funny and I had hoped better of you. Anyway Alan you have successfully bullied me off the bb. Congratulations.

Precisely DaveOx. Thank you.

Alan don't you dare patronise me! Apart from holding a degree in Geology I have been invested in BMN for 4 1/2 years and know a great deal more about the company, the metal, the mining and processing facility in South Africa, the environmental issues both good and bad, and links with the local communities than you can imagine. Also as with Pboo do please read my posts carefully and try to properly inderstand what I have written. Read the first two sentences of my 11.08 post. It should be clear! Oh well back to sitting on the sidelines watching you and Pboo slugging it out, not listening to what each other has to say. Good luck to you both.

Pboo holding a balanced view does not prevent a person from investing. I clearly said I am not against oil. However I did make a fundamental mistake in believing what Mr Vonk was telling the market last year. Remember ? Two wells in production by the summer (2017)? I am like any other investor - I want a return on my investment. Mr Vonk has so far failed to deliver for me. I hope the next 12 to 24 months will prove to be a better period for ANGS. I hope the BoD are learning from their mistakes.

Oh dear Pboo. That is funny beyond belief. Please read my posts properly and understand what holding a balanced view means. Labels are amusing but of little use.

Mining is mining Alan. Anyone in the vicinity of any mining activity will have legitimate concerns. However my concerns are as much about how those products are used post extraction. Oil has a very poor track record in this respect and rightly the world is reducing its dependency on it for burning. However there are many other products from oil other than fuel and the market for oil I am sure has a long future. I am in favour of the idea that if the UK continues to use oil and oil based products then there is a strong case for extracting as much of that oil from within the UK, both for profit and of course not transfer the environmental costs of extraction to other areas of the world. Just because the materials used in green technologies often have to be mined that in no way undermines the value of those technologies in use, as I am sure you fully understand. In simple terms the fact that vanadium has to be mined and processed is more than offset by the ability of VRFBs to store energy from renewable sources and reduce the need to burn hydrocarbons, thus slowing down the depletion rate of finite resources such as oil and reducing pollution. The Chinese understand this only too well and are leading the world in the drive towards large scale energy storage projects and green energy production. We are not in a binary situation here - either oil etc or green energy. For the foreseeable future it will be both but probably increasingly moving towards renewable energy and technologies.

One further point about Brits, and this is just my opinion. When BMN closed the deal on Brits it appears to have made Vametco less attractive to other buyers as the strike extension was now owned by BMN. It may have helped us to acquire Vametco at what was frankly a give away price. At very least the two must have been linked together as part of Fortune's plans. For me Brits has already added value to BMN through the above. Brits going into production in BMN ownership will be a bonus. Admittedly a very BIG bonus, whatever the BEE %.

Pboo the term 'Greens' in my opinion is a vague and rather meaningless word. The people that you refer to as 'greens' are simply ordinary people like you and me but who may have a different perspective on oil developments than shareholders like ourselves whose objective is simply to make money! Whether their concerns are global, national or, as in this case, local they are entitled to have those concerns and to ask questions about what they fear or don't understand. After all isn't that what democracy is all about? Surely all of us are 'greens' to a greater or lesser degree. We should all be concerned about air pollution, climate change, plastics in the environment, etc. In my opinion only a fool would not be. I am heavily invested in BMN which is producing vanadium that in the future I hope will be more and more used in Vanadium Redox Flow Batteries for grid scale energy storage, allowing storage of energy produced from solar and wind farms. And happily making a lot of money from that investment. That doesn't make me against oil, and indeed I do hope to reduce some of my substantial paper losses in this company should the BoD finally get their act together. The point I was making is that the company need to understand this better, anticipate the kind of questions that could be legitimately raised and provide answers to those questions up front and in simple terms. Indeed like the information that began this thread. Failure to do so will in my opinion lead to further delays in future applications. All just my opinion of course.

It seems to me that there are lessons to be learned by Mr Vonk. First one is to understand that people at local and county level are likely to have very little understanding of the methods and processes employed in the oil industry and may react through fear and concern for their local environment. Therefore when submitting any future applications attach explanations of all the processes in simple terms that anyone should be able to understand. Perhaps also up the PR locally including taking local groups around the site, etc. That may reduce the delays caused by questions raised. Second, don't overpromise and under-deliver!!!!!

Good to see further evidence that Fortune is delivering on his promises. The Placings RNS on 26.03.18 stated that the money raised would be used as follows: Redeem outstanding Atlas Convertible Bonds - completed as in today's RNS Fund expansion plans at Vametco / Brits - we have been informed previously that this is ongoing. Simplify the organisational and corporate structure to improve Bushveld's exposure to the underlying cash flows of its assets - thanks to a hint from John Meyer and speculative analysis on this bb that is thought to mean acquiring Sojitz' 15% of Vametco. If that is the case and Fortune continues to deliver on his promises then I look forward to that acquisition being confirmed soon. Excluding any impacts of the new Mining Charter that would raise BMN stake in the very very profitable Vametco vanadium mine and production plant to a very significant 74%. Whilst I cannot make a verifiable claim that Fortune Mojapelo is the best CEO on AIM, any that are doing a better job than he is would have to be very very good!

Daisan the placing RNS referred to £4.5 million in outstanding Atlas convertible bonds. This morning's RNS clearly state that the £5.116 million includes "interest payments and early redemption charges". I hope that clarifies the apparent discrepency as you put it. Don't think anyone got their sums wrong. The too figures simply refer to different inclusions. It is quite possible that at the time they did not know the total interest figure as the final date for redemption may not have been fixed. Whilst on paper the Atlas deal may appear expensive it enabled the purchase of YD share of Vametco. Set against the value of acquiring the controlling interest in Vametco then in the long term the cost of the Atlas deal will be insignificant at today's Vanadium prices.

Agreed UK. Perhaps that will give a little push to the sp?

Southernstorm the type of folk you speak of visited us in the spring / early summer of 2017. They tried all that nonsense and were met with a determined and well informed defence on this bb. They disappeared with their tails between their legs. I have no doubt that anyone stupid enough to try a shorting attack here would received the same warm ... No, hot welcome! And they present a great opportunity for us to present the considerable positives of investing in BMN.

Ok some like to ask questions. Here are my questions. Why was I so lucky to discover BMN and invest in it in Oct. 2013? Why did I hang on to all my BMN shares (plus a few more) during the low sp days without losing faith? Is there any other company on AIM that has already delivered for its shareholders and with such a positive future? Will I make so much money here that I may struggle to spend it all? I like my questions, especially the last one!

All good points SOTRR. But do remember that BMN had nothing to do with my retirement. I didn't buy my first share in BMN until after I had retired! I am fortunate that my professional pension alone enabled me to retire at 59. Anyone who is able to retire at a younger age than that due to their investment in BMN has an advantage over me so the patient wait should be worth it. Sadly those of my age and over will also have fewer years to enjoy the benefits of returns on BMN than some of the younger investors, and I must stress that I am very happy for those 'youngsters'. One thing I have learned though is not to concern myself with those things that I cannot control. And I cannot control the pace of developments at BMN nor can I control Fortune's approach to news release (though I don't agree with it). Therefore I will patiently wait for my investment to grow, whatever time frame that may be. Regards. Pdub.

Daitom I am sure many on here understand your frustration. However think on this. If it was easy to grow a company in the way that Fortune has with BMN then every company would be delivering shareholder value. The truth is more likely the opposite and the difficulties and challenges are simply too much for most AIM companies and they fail to deliver long term shareholder value, apart from the odd spike in sp that suits traders. We are blessed with a very talented and ambitious CEO that has a history of delivering on his promises and has already delivered longterm sp growth. In my opinion the next phase of company growth is likely to be even more challenging, if only because of the number of developments taking place (Vametco expansion, electrolyte plant, Mokopane, Sojitz, Brits, BE, Coal) and the political / legislative changes in SA. If ... no, when BMN deliver all of these I feel very confident that the sp will be a long way north of here and I will receive a much larger return on my investment than I have already! And what do I have to do? Only one thing - be patient. That's not too difficult is it? At least not in comparison to what is required from Fortune and the BoD. I have said it before but I believe there is a significant mismatch between pi and mining company timescales. Personally I am happy to go along with the latter, and let Fortune get on with the job. Fortune will release news when it is ready and that news has the potential to very significantly wake up the market! Now back to enjoying this lovely weather in the garden.

YTSS it's is just my opinion but if you have stumbled upon BMN with minimal research you have struck lucky. Very very lucky. Well done! This bb, RNSs and TBP should provide you with all the info you need. However as to whether or not to put more money in that has to be entirely up to you. Many LTHS will have spent months (maybe years) underwater here before enjoying the rises in 2017 and 2018. If you are still in profit after you initial investments then think yourself lucky! As for the future - well in my opinion it is very exciting. Make of that what you will. For me a strong hold / buy. Personally I can't think of a better AIM investment. All the above just my opinion.

Very positively. It means that Fortune continues to think and plan several steps ahead. And we know that he delivers on those plans. As for detail I will leave that for others to speculate on.