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Oh one more point. How do I know Acacia did not sell out as some here so strongly claimed?

Simple. Because in the second of their TR1 RNSs referring to the MUST backstop arrangement it clearly states Acacia position before backstop 2.63% (recognise that number?) and after 10.2%

Phimx Acacia recently issued a TR1 announcing a reduction in their holding from 3.54% to 2.63%. That was to raise funds for their new CLN subscription to MUST of $500,000. They retained the remainder of their holding.

A second TR1 was issued announcing their holding had increased as a result of the MUST backstop arrangements. That describes their current holding.

Whether or not Acacia sell some of those shares I cannot say but each crossing a threshold would require a new TR1.

However we are not discussing Acacia buying selling or being issued with shares. We are talking about a hypothetical low ball offer of 5p.I don’t think I would be off the mark by saying that in my opinion no they would not take such a low ball offer. And nori am sure would any shareholder that I know.

I really don’t think there is anything more I can add to this. My views and my my reasons for them should be clear enough, but as always they are just my opinion. DYOR

So my question to you Phimx is the obvious one.

Given all you know about the huge potential for future share price growth would you vote for a 5p take over and therefore a loss on your investment?

Acacia have been here from the start.

They did not sell at 10p 20p 30p 40p or even 48p. Whatever makes you think they would vote for a miserly bid for BMN of 5p? Acacia will be far more aware of the huge potential that BMN presents than some of the short term traders.

I get it. Folks love a take over rumour … but let’s not be thinking this company would be given away!

On offer of 5p could sway a lot of people? Haha CERTAINLY not me.

Morning. I would like to pick up on a comment made yesterday about my 15.50 post.

One of the trolls criticised me for listing some of the news flow expected in the coming months from BMN. Apparently it is repetitive and old news. Well perhaps it is … for regular readers of this BB. But what about potential new investors visiting for the first time? Certainly not old news to them.

This sp goes nowhere without new investors so it is essential that they are given a reason to further investigate the investment potential of BMN.

What was remarkable yesterday was that JUST 8 MINUTES after I posted my thoughts a very significant TR1 RNS was released that would attract the attention of a much wider audience. After that TR1 more than 5 million shares by my calculation were bought, apparently following the example of the major investor.

I wonder how many visited LSE BMN BB late yesterday and perhaps will do so over the coming weekend as a result of that RNS? Perhaps my post gave some of them food for thought. Whether or not that is the case I will continue to draw attention to operational progress at BMN, however repetitive some of the trolls may claim that to be.

A reminder:

Interims due by and of month.


Update on MUST / Enerox / BE shouldn’t be too far off.


Refinancing general meeting notice hopefully not too far away either.

Minigrid switch on 
BELCO production commencement / contracts?


Q3 Update might be rather good for Vanchem if no more unexpected issues. 


Info on sale of Lemur coal project?



Not bad for starters. 


Could do with better news on V price although I understand US prices still higher than Europe / China 

No guarantees before news of course but potential for plenty of positives in coming months. 


As always just my opinion. DYOR

And lest we forget:

SteveG76 22 Aug

“My apologies, i will get that account deleted. I just couldn't remember my password”

Don’t you lecture anyone here on behaviour. Multiple accounts? Tut tut.

Another one for the green box. Bye bye.

SteveG76 sorry I touched a nerve with you bringing out your unpleasant and offensive character. That didn’t take long did it.

By the way all opinions are welcome here … even yours.

You dropped a clanger mate. Happens to the best of us. Get over it.

I would imagine that RNS will turn a few heads towards BMN.

Apologies: “know”

Well well well.

The trolls were too busy being nasty to everyone to notice the buying.

Poor old SteveG76. Can’t see any positives and keen to dampen any positives I remind people of. Just 40 minutes later he is telling us all about this great investor in TR1. Quite unbelievable.

I did point out that although there has been significant selling there has also been buying. And now we have a great TR1

Ask yourself what does a serious investor no that our home grown trolls don’t. Answer? Rather a lot I suspect.

Feels a bit like the calm before the news flow storm!

Interims due by and of month.

Update on MUST / Enerox / BE shouldn’t be too far off.

Refinancing general meeting notice hopefully not too far away either.

Minigrid switch on

BELCO production commencement / contracts?

Q3 Update might be rather good for Vanchem if no more unexpected issues

Info on sale of Lemur coal project?

Not bad for starters.

Could do with better news on V price although I understand US prices still higher than Europe / China

No guarantees before news of course but potential for plenty of positives in coming months.

As always just my opinion. DYOR

Some more big sells this morning, perhaps backstop shares being sold?

However some significant buys too.

Very nicely put BabylonBoatman.

Who is this “Pub” Pigpen?

Just double checked and they don’t exist.

The recent backstop shares were issued at over 2.6p. If the current selling involves any of those shares (ands that is quite possible) then they are being sold at a discount of around 25% give or take a bit.

That suggests the seller needs the cash. I notice also plenty of decent sized buys going through. It would seem that there is a perceived opportunity here.

Had another small top up myself.

That is exactly the reason Pigpen.

In case it escaped everyone’s notice there was a sharp decline in Rand production costs at 100% owned Vanchem in Q2 vs the 3 previous Qs. We also know that production of over 150 mtV in July has already been announced. If that continues for remainder of Q3 expect further cost reduction at Vanchem. And the bonus that CC is making Vanchem production and costs his focus.

I expect the refinancing deal to be confirmed for vote shortly and we all await the fall out of the Enerox deal apart from BMN having a significant share of a VRFB player.

A little further on expect production and contracts from BELCO as new and hopefully high margin revenue source.

And don’t forget some of Vanchem production is high value products for aerospace and chemicals.

Lots of doom and gloom here which I guess suits some but although there re no guarantees there is much to be positive about.

And we may even get to sell the Lemur coal project.

Just my opinion.

Q2 saw very significant cost reduction at Vanchem. Despite unplanned interruptions they still managed to produce 355 kgV. We know that in July 158 kgV were produced and if that is sustained expect further significant cost reductions.

Craig has targeted 180 kgV per month within 6 months. If he achieves that then further cost reductions are likely.

Something to watch.

Bit of light reading for those interested in this market for VRFBs.

https://www.fortunebusinessinsights.com/industry-reports/marine-hybrid-propulsion-market-100128

Interesting name of publisher ….