Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
Charlie I do wonder if your gloating would be the same had those stop losses been triggered and the following day the sp jumped upwards?
For example on 19 October 2018 the sp closed at 29.00p. Imagine had you set a stop loss at say 27.5p and having that triggered over the next week (closed at 28.00p on 29 October 2018. By 13 November 2018 the sp closed at 47.50p. I can't help feeling that you or anyone else would not be on this bb bragging about that!
You got lucky. It does not always work out that way.
Just my opinion.
Warren Buffet: “Honesty is a very expensive gift. Don’t expect it from cheap people.”
Yes expert. On this occasion luck was on their side. Hindsight is a wonderful thing. I wonder how many pi's on AIM have had the opposite misfortune?
Warren Buffet: “In the business world, the rearview mirror is always clearer than the windshield.”
Hi coffeecups. Are those "professional traders" trading AIM shares?
Over the years I have read so many posts from pi's complaining that they forgot to remove a stop loss and had their shares "stolen" by mm's. This can be particularly dangerous if set with a rising sp. it lays the pi wide open to a raid to get more shares.
Personally I never set them. But then as a long term investor in a great company like BMN I don't need them.
Warren Buffet: “Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”
My reposted discussion on risks and mitigating factors, just to prove a point!
"Some discussion about risks tonight. I hope those posters have a clear understanding of exactly why the company has been driving towards becoming a low cost, vertically integrated vanadium platform. We are hedged against both high and low V prices and although being dependent on the steel market at present, the company is positioning itself as a leading player in the VRFB market.
They are also expanding the number of production sites, which gives some protection against unexpected events interrupting production at one plant and Vanchem will add significantly to Vanadium production. Diversifying products will avoid dependency on just one market. Their strong drive to cut production costs and increase production helps to maintain strong profitability, even in the current V market.
The political risks obviously exist in SA, but with a new President with detailed knowledge and understanding of mining and seemingly determined to fight corruption and BMN delivering exactly what the President wants in terms of mining as a sunrise industry, then it is not unreasonable to be less concerned about the risk.
The profits generated have eliminated any chance of dilution just to keep the lights on ... the scourge of so many AIM companies. Indeed a significant part of the growth of the company will be funded from profit, with the option for debt financing if necessary. That for me is a huge plus.
The V price is obviously a significant factor. Over the next few years it is unlikely that any significant new supplies will come on stream, and the structural deficit that many analysts refer to should help to drive up V price.
I am sure I could rustle up other risks but whichever way I look at it Fortune and the BoD seem to have most bases covered. That is why I remain so POSITIVE. Not ramping ... just looking at the facts as I know them and drawing my own conclusions.
2019 / 2020 looking very exciting based upon what I know.
Just my opinion."
Poortrader a couple of points.
Please read back through the Final Results RNS. You will find the current Dividend Policy clearly stated. A little bit of research goes a long way. Here is the relevant passage:
"The Company recognises that while the value proposition to shareholders is primarily of a capital growth nature, it will have sufficient cash generating capacity to pay dividends in the future. On this basis the Company's Board of Directors takes this opportunity to announce the establishment of a dividend policy. The dividend policy reflects Bushveld Minerals' commitment to return cash to shareholders while prioritising its stated growth strategy. The dividend policy is based on a free cash-flow pay-out ratio. The Board believes this distribution approach is the most suitable for the Company as it takes into account both growth and acquisition capital expenditure. The Board will review the free cash flow generated by the business, the outlook for business conditions and priorities for capital allocation on an annual basis. The Board is not recommending a dividend for the year ended 31 December 2018."
I think that covers that moan.
The tone of the bb? If you read this bb over a period of days and weeks you will find it to be a fantastic source of information which much debate, including risks and how they can be mitigated. A snap shot from one evening, particularly one that has been disturbed by characters with very dubious intentions and little knowledge or interest in the company, is hardly a representative picture of the quality of the bb.
Discussion of risks? They are frequently discussed and I get a little peeved that some falsely claim that this doesn't happen. It is a lie! However it is not surprising that positives get more exposure. Have you seen what the company has achieved? Eg 2017 company made a loss. That was turned into a $49 million profit in 2018 !!!!! And their future plans are hugely exciting.
I will repost my own assessment of some risks and mitigating factors (nice and balanced). I have posted this twice before, and many others have also considered risks. Just recently there was an extended discussion on SA politics.
Just my opinion.
Expert I asked you to give links to your sources. Now please answer the question. Evasion will inform everyone reading your answer all they need to know.
If you have no sources then your comment begins to look highly dubios.
Expert would you please give links to articles or informed comments that indicate VRFB take will be 5 years? I hope you are not just making this up based upon no evidence whasoever. That would be highly misleading.
So evidence please. And I don't expect just your unsupported opinion.
Forgive me but I don't think it is possible to predict the future sp and timescale. Past sp moves should have demonstrated how quickly this can move (both ways!).
I believe it is far better to have a general view of where the company is heading and not try to be too specific on sp. My own target remains at 75p to £1.50 but how soon is beyond my wit.
What is vitally important is to get to know and understand the complex strands of the business plan and thus the enormous potential for BMN to give value to its shareholders. This helps to maintain a positive attitude, even on days when the sp disappoints.
As always just my opinion.
Logged in this morning expecting to see a number of positive posts following a rise of 6% yesterday, but what do I find? A series of minor doom and gloom posts!
Niobium substitution. One firm provides about 88% of world supply of niobium. They have to expand production at their Brazilian operations by 50% capacity by end of 2020. Two points. We know from the BMN experience that expanding capacity is not without its problems and that timescales and budget can easily slip. And by end 2020 we are all expecting increased V demand for VRFBs which hopefully will more than compensate for any loss through niobium substitution. Also worth remembering that as I understand it Vanadium at these prices is very competitive with Niobium, not to mention that ferroniobium is not as good as ferrovanadium in strengthening steel. Which makes our product Nitrovan even more desirable and perhaps capable of raising the premium paid. And the elephant in the room ... Chinese enforcement of regs.
The share price. I think those that think this will only rise with VRFB contracts are hugely missing the point about the Vanchem acquisition, particularly if combined with the Mokopane licence. This adds up to 40% or more to the attributable BMN production (remember we only own 74% of Vametco which would currently be the equivalent of 2,100 mtV pa) and that means a lot more revenue and a lot more profit. And AIM likes profit. Any further increases in Vametco production figures would do no harm to the sp either. Higher V prices cannot be ruled out and I think we are all agreed on how that would help sp.
Shorters. They are what they are. They have taken advantage of the BMN sp drop following the V price drop, and depend on low volume buying to succeed. Big news like completion of Vanchem may well have them running for the hills if they have any sense. We shall see.
Now of course major Bushveld Energy developments may send this into orbit, but I always prefer to stick to what I know, as above.
I see no reason whatsoever for negative sentiment over the future share price from long term holders with patience. In fact, as I have often stated, 2019 and 2020 look very exciting for BMN and its shareholders.
Just my opinion. Have a good weekend.
Chish yes what a lucky guess, aided by shooters and fall in V price.
Would you also be gracious enough to thank those many posters that keep this bb up to date with so many BMN and Vanadium issues? Paludina's shipping log, Loudspeakers V price coverage, Alfa's work on TBP and Vanitec and so much else, Ophidian and BBN's high level analysis, etc. please don't forget these good people whose efforts provide info to everyone.
Thanks Ophidian. Side effects painful and frustrated that the chemo has had to be paused. Just wanted it over ASAP. However I can be a tough nut when I need to be and this is a battle I intend to win.
Hope to meet when we are in Padstow in October.
Thank you Zebediah.
One last point from me.
I notice that not one of the trolls, de rampers or ordinary pi's posting negatively has actually succeeded in demonstrating any poor performance by the company whatsoever. Even the idiot who trolled here all yesterday evening failed in that attempt.
The reason of course is that the company has made astonishing progress in the last two years of so, moving from a loss making explorer to a highly profitable mining and processing company. They have pulled off some brilliant strategic moves in that time and more lined up, Vanchem being one of them.
The only thing these sad folks can focus on is the short term share price, taking advantage of the fall in V price earlier in the year and the clear sp manipulation.
I see the next 18 months or so as very exciting for BMN, with increases in production, diversifying both centres of production and the range of products and making a strong move into the energy storage industry. They are leading this charge, not following. And I strongly believe there will be significant rewards for shareholders. I intend to keep my seat and enjoy the ride.
Just my opinion.