Vaux I agree with most of that. However I wouldn't be too concerned about any correlation between exchange performance and the performance of an individual growth company, and particularly where a shortage commodity and a new industry is concerned (VRFBs).
As an example the AIM All Share rose 14% through 2016 but BMN sp dropped over 30%. And again in 2017 the AIM All Share rose 24%, but BMN increased by over 300%. And again in 2018 the AIM All Share dropped 16% whereas BMN rose again by over 300%.
Perhaps it's just me but I see very little correlation between BMN sp movements over the last three years and the AIM All Share index.
I can only feel very positive about the future of BMN and its shareholders. Just my opinion.
Vaux I think your assessment is way too simplistic.
First of all let's consider some facts.
2 years ago sp 8.96p
1 year ago sp 18.23p
Today sp 25p
Despite the large seller, shorting and manipulation of sp that is two years of year on year growth!
With hindsight it was inevitable that such a large fall in V price would impact on the sp. It is true that the V price has reversed but still early days so not entirely surprising that the sp is lagging a bit. Strengthening of that V price rise should exert upward pressure on the sp.
Yes also true that great company news has not succeeded in reversing the sp trend but the large fall in V price was a difficult trend to overcome. However I think one has to consider the nature of that news. The Brit resource, BE rental provision, Vanchem .... none of these have produced immediate increases in revenue and profit so perhaps understandable that sp response has been quiet given the sp manipulation referred to above, but ..... they all provide incredibly important building blocks for the company's future development and expansion. LTHs will understand this and will likely be holding on to those shares with an even tighter grip, and some will be enjoying the opportunity of adding shares at a cheaper than expected price.
So why do I believe another phase of sp growth is coming soon?
First whoever is selling has a finite supply if shares that will eventually dry up.
Any outstanding shorts will one day have to be closed.
Vametco production figures for Q2 will hopefully show the March figure of 270 mtV was not a one off and that the plant has succeeded in raising production, and therefore revenue and profit. The market likes profit.
The Vanchem acquisition will soon be completed, instantly adding a little under 1000 mtV pa to BMN's production total and once again increasing revenue and profit. The market likes profit.
Hopefully BE news flow will increase, raising awareness of the potential of that side of the business.
The company seem positive that the Mokopane licence is coming. That provides the potential for feedstock to Vanchem.
The electrolyte plant will be completed and enter production, diversifying the range of BMN products and markets. New source of revenue and profit. The market likes profit.
And of course most analysts anticipate the vanadium market structural deficit to continue and the V price rising. That will increase further the profitability of both Vametco and Vanchem. The market likes profit.
I can't stop people posting negatively but, considering all the above, I simply can't understand it.
A very exciting 2019 / 2020 ahead for BMN and its shareholders.
Just my opinion.
Ineed2know we were promised Stage 2 would start 17 June. Here is what was indicated would happen at the start of Stage 2 in the presentation:
"Installation and commissioning of production equipment to last a maximum of approximately 10 days"
We know equipment was delivered to site on 17 June, courtesy of videos posted here. That is exactly what was promised.
You ask what has happened a week later? Well I expect they are doing exactly what was stated above. Hopefully we will be told when that is completed (end of next week?)
I have no love of the Angus management but we do need to let them get on with the job. Time will tell if they succeed or fail.
With the progress that BMN has made over the last two years I am not at all surprised that we have new investors joining the bb. In fact I am delighted that more pi's are invested in BMN.
Let's not go down the road of guilty until proved innocent!
Anyway a big welcome from me to the genuine new posters. Hope your investment serves you well.
Perhaps I am the only person posting here other than abbynparit that has previously made mistakes in some of my posts. On the off chance that we have all made errors can I request a little more courtesy is shown to fellow shareholders who find themselves in that position?
Some of the responses were unnecessarily harsh. Abbynparit as far as I am aware is one of us and didn't deserve that treatment, particularly as the error was acknowledged and apology given.
Let's keep that kind of treatment for the low life's that occasionally raise their heads on the bb.
No offence intended to anyone (except trolls)
Adam according to your own 08.57 post after a shorter has borrowed the shares, what do they do with them?
And please stop using capitals ... there is no need to shout and you are addressing a quite well informed audience.