Member Info for Pdub

Highveld I was complimenting his share dealing. Buying low. De-risking by selling some at the top and then holding effectively a large number of free or very cheap shares.

Nothing more.

We are all here to make money. Loudspeaker has done very well.

Nice one Loudspeaker!

There are explanatory notes at the end that give greater clarity about the need for those resolutions 14 and 15:

“ Resolution 14:
As evidenced by the board changes that were announced to the market in March and May of this year, the Board, through the Nomination Committee, has been kept busy with the implementing of its succession planning endeavours. Through that process, it has become evident that certain of the articles within the Company’s Articles of Incorporation (Articles), which have not been amended since listing in 2012, and which relate to the residency of directors, are unnecessarily restrictive. Consequently, to allow for more flexibility when identifying and appointing suitable candidates to the Board in the future, it is being requested that shareholders approve the amending of the Articles as detailed in resolution 14. Similarly, it is requested that the restrictions in respect of where meetings are held and decisions made be removed, which is also included within resolution 14.
Resolution 15:
This resolution relates to the appointment of Tanya Chikanza in her capacity as an executive director of the Company. It has come to light that by appointing Tanya Chikanza as an executive, the Company inadvertently breached its Articles, which state that “The Directors may appoint one or more of their number (other than, at any time after Admission, a director resident in the United Kingdom) to an executive office on such terms as they think fit...”. Although Tanya’s appointment was contrary to Article 130, her appointment as a director is not invalidated. The breach relates only to the appointment of executive office, and not to her appointment as a director, and accordingly, the breach does not mean that any actions taken by Tanya would have been beyond her powers as a director, void or voidable, or not binding on Bushveld as intended. While resolution 14 amends Article 130, resolution 15 ratifies Tanya’s earlier appointment and the consequent breach of Article 130, so as to remedy the position.”

Ignoring, not igniting!

Offmessage when previously I posted a positive analysis you countered with
“pdub, your 'rational' argument ignores the reality of the market,”

Hmm

Well today I find you igniting the “reality of the market” (ie today’s 10% rise) in favour of a tiny UT trade as that suits your negative position.

I’m confused. Are you saying the market is right, the market is wrong or it is only right when it suits your agenda.

Interesting dilemma you have there. Good luck. I will leave you with that thought. I’m off to the pub.

Correction: “… The market does not get it yet …”

Apologies for omission.

ARCM over the last 18 months BMN have delivered on promise after promise. Stop misleading the market.

Vametco … sustainable production and reduced costs.
Vanchem … commissioning kiln 3 with resultant increase on production.
Electrolyte plant … huge progresses at construction site.
Mini grid … construction begun. We now know delay due to permissions.
Long term wage agreement in place.
Studies at Vametco and Vanchem published outlining expansion plans.
etc etc.

Your post could not be more inaccurate. There are of course some aspects of the business that have not progressed as fast as we would like but to say they have not delivered is frankly insulting to the BoD. If you want to support your investment then at least do basic research before posting.

The share price is ridiculously low at present. The market does get it yet. But I am confident that it will.

And Jelly you will notice I have not disrespected your opinion. I have corrected your error / mistake / lie. End of story.

Jelly I engaged you on a single point … your error / lie. You have been corrected. End of story.

Jelly I have not engaged you in any other topic than the error/ mistake / lie in your post about FMs remuneration. I have corrected your mistake. End of story.

Jelly you seem a little confused.

Your post contained a factual error / mistake / lie claiming that Fortune received $600k yearly compensation.

All I did was correct your error / mistake / lie and published the actual figures from the 2021 Annual Results. He took a very large pay cut in 2021 down to $424 k

For some reason best known to yourself you then responded with a wild rant about respecting people’s opinions which actually had nothing to do with my post.

The only opinion I expressed of any significance is that the remuneration package has done its job., based upon the facts I quoted to you.

If you mean I should respect you giving incorrect figures about FMs salary well I don’t. I think it is disgraceful and you should thank me for clearing up that lie / mistake. Next time do proper research.

Regards. Pdub.

I’m sorry Lindon but I think it is important that posts are factually correct.

I am very surprised you don’t share that view.

Much cr*p is spoken about FM. I will continue to fact check. We will just have to agree to disagree on this one.

Correction: “ My guess is that anyone reading this who had their pay cut by 30% would feel that was NOT a good result. … “

Jelly far be it from me to suggest you may be wrong but would you like to check page 92 of the AR, it’s part of the Remuneration Report.

It says the following (all figures in US $)

In 2020 FM received the following:
Guaranteed pay 381,107
STI 137,198
LTI 85,369
Total Remuneration $603,673

In 2021 FM received the following:
Guaranteed pay 424,067
STI 0
LTI 0
Total Remuneration $424,067

So what was the point you made? “I am at least safe in the knowledge FM is ok, with his 600k USD yearly compensation.”

Factually wrong on every count. His pay and bonus fell by around 30%. My guess is that anyone reading this who had their pay cut by 30% would feel that was a good result.

A little bit of accurate research wouldn’t go amiss before you deramp.

Oh and his remuneration also dropped from over $800,000 in 2019. So last year received just over half remuneration of 2019. Looks like remuneration package doing its job linking pay to performance.

Similar story for Chika.

Hope that helps your understanding of the actual situation.

I guess so.
Pdub.

Sorry didn’t mean to republish all of ARCMs post in last part of previous post starting “Pdub I’m not being rude …”

ARCM “PDUB, im not being rude, but i find your unwavering support a bit hard to read…”
SIMPLES. Don’t read it.

However if you are suggesting that I don’t exercise to express my opinion based upon the facts as I know them then take a hike fellah. I couldn’t care less.

“Without increasing production they will continue to be loss making”

They are increasing production. That is what Kiln 3 being commissioned is all about. Bit out if dare that argument.

However it is also about costs and they have been actively reducing costs for a year or more. It’s in the updates!

“Vanadium prices have not skyrocketed, and quite possible they wont…”

Who said they would ‘skyrocket’? They just need to average around $45 to $50 kgV to make sales to steel industry profitable but cheap enough to encourage VRFB development. You say quite possible they won’t… hmmm …. And quite possibly they will. Next.

“Orion CLN”

Try not to panic. A lot can happen between now and next year. Rising production and profit if V price goes our way. If not I guess re-negotiated terms. Impossible to know at this distance.

I assume you are just frustrated with the share price and perhaps can’t get used to the pressure of AIM. That’s OK it’s not for everyone. However please don’t target your anger on me just because I am more positive and less easily frightened than you are. No offence intended.

PDUB, im not being rude, but i find your unwavering support a bit hard to read, we all have criticism of the company in some form, isn't it healthy for us all to be open on the positives and the negatives.

The management have not done a great job and the share price is testament to that.
Without increasing production they will continue to be loss making
VRFB contract haven't come
Fortune talks about his relationship with ESKOM, which have amounted to zero business.
Vanadium prices have not skyrocketed, and quite possible they wont
, lauded as a shrewed bit of business at the time, when we expected increase in production, elevated vanadium prices and generally a no brainer as we would literally be printing money, hasnt been the no brainer it was meant to be. TIme to pay back and guess what the coffers are empty. Renogiating with us is not going to be on our terms.

Im struggling to see the positives, i hope VRFB take off, and massive infrastructure spending with but a rocket up the ass of vanadium, but i fear it could be a long haul.

I am certainly not being ridiculous Cindercone. Don’t insult me.

Now they have stated their general plan for BE as a forward looking statement, and they were right to do so. The market needed to know.

The specific details have clearly yet to be established. They will no doubt be released to the market as appropriate and as some have suggested could involve third parties, quite possibly with NDAs involved at this stage.

Cindercone we were demanding to have news about BE. So now we have some and you are saying what is the point? Priceless.

Of no particular scientific value but might be of interest, some trends over the last 6 months:

FTSE 350 mining sector index 18075 to 9143 … down 49%

AIM all share index 1220 to 886 … down 27%

ASX Mining Index 6004 to 4811 … down 20%

BMN 9.3 to 6.6 … down 30%

GLEN 400 to 417% … up 4%

BHP 2375 to 2101 … down 12%

RIO 6154 to 4755 … down 23%

SOLG 26.7 to 26.0 … down 3%

GGP 13.8 to 9.95 … down 28%

IRON 0.855 to 0.34 … down 60%

SAV 4.9 to 2.95 … down 40%

EUA 25 to 5.4 … down 78%

KDNC 30 to 11.375 … down 62%

AMUR 1.7 to 0.86 … down 49%

I draw no conclusions from this and recognise its many limitations. However it does demonstrate that within the mining sector BMN is not alone in its share price predicament.