Member Info for Pdub

Hope recovery going well knuttie. Thoughts are with you

SteveG76. I am sure many people would happily answer that question.

Before I do I would like to know who you are eg are you just another pi asking a valid question or perhaps you represent the company reaching out to shareholders. Please provide relevant information

Good to have the evidence that Acacia did not sell out their BMN shares. Only enough to cover their $500,000 obligation as of April RNS new subscription.

Numbers

Acacia holding 160 million

Assume already held 33 million as per previous TR1

New shares issued 127 million

Total BMN new shares 270 million

Acacia took 47%

From previous RNSs of BMN and MUST we know that Acacia had $2.3 million plus 10% pa interest (original CLNs) and $500,000 new subscription

So $2.8 million plus interest

If interest came to 2 x 10% could be another roughly $0.5 million

Total $3.3 million ish of $7.15 million which is …… 46%

The small discrepancy will be the exact interest amount which I don’t know.

As I said Acacia did not sell out. They are long term supporters of BMN.

The post by Mick was on 10 August.

Mick on Telegram posted an email response from BMN that included the following:

“ A Tr1 has been sent to Acacia to complete and return it as a result of this issue of shares, their % holding will be greater than 3% of the enlarged ISC of the Company. ”

It goes on to state that BMN website will be updated when all information has been received.

Bmn will know how many new shares issued to Acacia but will have to wait confirmation of new holding total if , as I believe to be the case, Acacia already held around 33 million shares before the new issue.

Acacia will be over 3% once again so expect a TR1 from them soon.

Apologies marc had not seen your earlier post.

Worth posting twice !

Thanks to drt drt on Telegram.

Definitely worth a read.

https://capital10x.com/the-vanadium-market-is-coiled-like-a-spring/amp/

Just a little snippet to wet your appetite:

“Vanadium battery demand is set to push the vanadium market into a more severe deficit than what we experienced in 2018 within only a few years, telling us that higher vanadium prices are a must to incentivize supply to meet demand later this decade.”

SB2023 unlike most here I was prepared to read your posts with an open mind so long as you didn’t play games with me.

Clearly you didn’t listen. I made it clear that I won’t waste my time with people that want to do that.

You are gone. Filtered

I agree Alex. A lot of negative comments have been directed at me. Thank you for acknowledging that.

Had those people focussed on the content of my posts and not on attacking me they would not have been filtered.

For the avoidance of doubt about why I am posting less frequently let me repeat what I posted recently:

“As to why I am not posting as much? Well in my opinion BMN is in a transition period. New CEO saying the right things, needs to deliver. Refinancing deal awaiting sign off and shareholder approval, which I am sure will happen. I need to see where the Enerox deal lands. Good start to Q3 production at Vanchem but want to see that production increase and cost reduction (see Q2 Update) continue through the quarter. Need news of Belco and minigrid operational. “

In other words for me this is a period of ‘wait and see’ how the above turns out. No doubt like others I will comment on the above at appropriate times.

Hope that helps.

Don’t disagree with any of that Usteveg.

However I am sure you would agree that for balance there are plenty of positives in the report including those in the quoted opening commentary.

SB2023 whilst you have received flack from multiple sources since your recent appearance you will no doubt be aware that not once have I joined in. In fact in response to a recent silly suggestion by someone else I wrote the following:

“I have no idea who SB2023 is but it does make a pleasant change reading a reasonably positive narrative about BMN. Remember it is the message not the messenger that matters.”

I am not going to play games here. If you have something sensible to say that is great. I will happily read your comments, positive or negative.

However if you wish to play games with me I will simply add you to the filter list. Your choice.

Message not the messenger.

No. Better to let people do their own thinking.

Thanks for asking.

Did you mean to ask a heavily loaded question?

Opening commentary:

“ Unexpected operational challenges at Vametco in Q2 and delays in receiving better-quality third- party sourced ore feed at Vanchem prompted Bushveld to revise down its full-year group vanadium production guidance by 7-18%. Though the Q2 shortfall was disappointing, the guidance reset is prudent and timely. Under the stewardship of new CEO Craig Coltman, Bushveld is sensibly refocusing on operational progress at its two core assets, including implementing practical ‘turnaround’ initiatives at Vanchem aimed at getting the latter to a position from which it can sustainably generate positive cash flow. Delivering on these near-term objectives and alleviating balance-sheet pressure through conclusion of the previously detailed convertible loan note refinancing should help rebuild market confidence and provide a platform from which to pursue more material growth from a unique asset base offering leverage to a vanadium recovery.”

That is why it is so important to get Vametco and Vanchem operating at peak efficiency .. high production and low costs. Pleased to see that is the highest priority for the new CEO.

That is why I was pleased to see the sharp drop in Rand production costs at Vanchem in Q2. Expect even better in Q3

Worth a read

https://www.dailymaverick.co.za/article/2023-08-17-powering-progress-what-south-africas-masterplan-to-develop-a-renewable-energy-industry-aims-to-achieve/

SuffolkandWatt I do apologise for an error typing your name. No idea where that came from and can assure you that was not intentional.

Oh nearly forgot……

Just my opinion. DYOR

SuffolandPunch.

A piece of advice. Relying on someone like HippyDays for the content of your posts is not a good look.

Multiple accounts? That is very funny. I think I have a long track record of speaking my mind here and I continue to do so, irrespective of whether others agree or not and I have not been deflected from doing so by the very childish abuse and bullying directed my way. What weird thought process comes to the conclusion that I would want or need multiple accounts? And the answer is NO I don’t have multiple accounts.

I was advised by others to not respond and simply filter the abusers and bullies. I took that advice and the bb that I read is now free of that nonsense, although there are a remarkable number of green boxes!! Hopefully those people have stopped the bullying and abuse and have turned their attention to matters BMN and vanadium. You will know the answer better than I.

I have no idea who SB2023 is but it does make a pleasant change reading a reasonably positive narrative about BMN. Remember it is the message not the messenger that matters.

As to why I am not posting as much? Well in my opinion BMN is in a transition period. New CEO saying the right things, needs to deliver. Refinancing deal awaiting sign off and shareholder approval, which I am sure will happen. I need to see where the Enerox deal lands. Good start to Q3 production at Vanchem but want to see that production increase and cost reduction (see Q2 Update) continue through the quarter. Need news of Belco and minigrid operational.

So to some extent a period of wait and see. Signs are good for remainder of 2023/24 but some help from V price would be appreciated!

On a personal note I have used the surprisingly low share price to add to my holding and I am aware of other LTHs that have done the same.

Hope that helps.

Even I smiled at the irony there haha