Berserker I have not mentioned anything to do with share price yesterday. I have not suggested any connection between the sp and BBNs posts. I see no connection between BBNs post and sp.
It should be clear to you that I referred only to sentiment as revealed on this bb. Shareholders have had a bashing the last few months. It is a great shame that an opportunity to lift spirits (positive sentiment) was wasted by an unfortunately timed extended discussion on what one poster perceives as a negative, but was nothing new, unlike the new interview.
Please feel free to criticise, disagree or agree with me ... but DON'T misquote me or misrepresent my opinions. Clear?
I totally agree with you that focus should be on what the company is doing. You should know by now that is exactly my point. And those company activities have massively raised the profile of BMN. Where they go from here was the focus of that very positive interview, and in my opinion should have been the discussion point on Monday morning. The fact that it wasn't is a disappointment to me.
I would remind you that the BMN sp rose 24 x over two years whilst a variety of political events took place in SA. That was unparalleled by any other AIM resource company as far as I am aware, no matter what the jurisdiction. I am not going to spoon feed you. Draw your own conclusions.
Great series of posts this morning BBN.
What a pity that you did not post them yesterday, instead of focussing on the old story of SA politics. That would have helped with the positive sentiment surrounding the new interview which some would argue was the mire appropriate news on Monday.
It's all about timing and has nothing to do with people not wanting to discuss risk or 'burying their heads in the sand'. That was a bit patronising and totally irrelevant.
I am now reviewing whether it is worth spending hours doing transcripts of interviews for the benefit of everyone, particularly those with hearing impediments, if well respected posters like yourself are prepared to completely destroy all the good sentiment generated by such interviews by refocusing attention on what you perceive as a negative. As I am so angry about what happened yesterday I will put off that decision until I can think more clearly.
Congratulations for exercising your right to publish what you like and when you like. A big thumbs down for torpedoing positive sentiment on that particular morning.
I am pleased to see a more positive focus in today's posts.
Aisee I totally agree with you.
From late 2016 to late 2018 the sp saw dramatic rises. Initially that was driven by the Vametco acquisition. The V price was very low at the time, making the acquisition so cheap. Then followed the dramatic rise in V price, generating large profits for BMN and thus enabling further Vametco acquisitions to 74%, and opening the door for the Vanchem purchase. This in turn drove further big increases in the share price.
Let me remind those destroying sentiment today with negativity over SA politics that during that time, unless I am living in a parallel universe, BMN and its operations were all located in .... South Africa!
So while we saw a roughly 24 x rise in the sp we had first the corrupt Zuma regime in power, then the huge uncertainty surrounding the ANC leadership contest and the South African election, and finally the first 8 months or so of Ramaphosa's presidency.
It is clear to see that the sp was not held back by being in SA. In fact over that period BMN was one of the best performing resource shares on AIM.
The fall in sp since November has clearly followed the drop in V price, though other factors such as production issues last year and possibly no dividends until perhaps 2020 may have had some influence.
Given the above facts there is not a shred of evidence that a location in SA has been responsible. AIM loves cash ... wherever it is generated. Those that have sought on the bb to blow out if all proportion the impact of SA politics on BMN should be ashamed of themselves. Frankly your timing stinks after such a positive weekend discussing that great interview that clearly shows what an exciting prospect BMN is.
Even someone as positive as myself experienced a mixture of anger and frustration at those posts. I can't imagine how that negativity may have impacted on less confident investors sitting on averages in the 30's and 40p's.
No doubt someone will post some cleverly worded rebuttal. Speaking for myself I am not interested. There is no justification for what happened today. In my opinion it was a very inappropriate discussion considering there was nothing new in the topic that hasn't been discussed before, and that it couldn't have been more damaging to the positive sentiment surrounding the interview even if those posters had wanted to deliberately undermine confidence (and by the way I am not suggesting that was the motive. I think it was just thoughtlessness). Labelling those posts as 'balance' us at best comical and at worst ... well I will leave others to insert their own word.
Very sad to have to write this post, particularly as I expected today to be so positive on the bb.
With sadness. Pdub.
"In terms of where can this go the forecasts are quite broad and it really depends on what % of stationary storage can VRFBs capture. That is a massive market. We're talking about a market that is close to $100 billion by the end of next decade. In terms of what % can it capture? Somewhere between 10 and 25% those are the different forecasts that we have seen. That could equate anywhere between 20 and upto 45% of vanadium production in the future."
Fortune doesn't seem too concerned, and he lives and works there. On the mining and processing side (the present cash generating side of the business) this is why we are here!
"Vanchem itself is a processing facility which currently produces about 1,000 mtV pa and the cost of the refurbishment at a cost of about $45 million will grow to 4,200 mtV pa. In total what the portfolio has is 3 deposits which combined have a resource base of 552 million tonnes with top tier vanadium grades of between 1.58% and 2.02% V2O5, together with 2 processing facilities that combined post refurbishment, our investment and expansion plans at Vametco, are anticipated to produce 8,400 of Vanadium over the next 3 or 5 years.
A really solid upstream set of assets. I would just add that at Vametco we produce a product called Nitrovan which is used by steel plants around the world for strengthening steel. Vanchem will allow us to diversify the product range to also include V2O5, vanadium trioxide, vanadium chemicals as well as FerroVanadium. So between those two processing facilities we will be able arguably the broadest range of vanadium products in a single company."
It is not surprising that many people in the UK have a Eurocentric perspective of the world and judge other countries by their own experiences in the UK. That can lead to a very negative picture being painted.
I would like to here from our shareholders that live in SA. That view I would take more seriously.
Lindon it's been said this morning. No one is ignoring anything. That was a very incorrect statement. Now let's look further at why we are here!
Aisee I am sorry that events this morning have had that impact on you. Me too.
Ironveld. Well this illustrates exactly my point. They have a vanadium resource on the Bushvekd Complex. That resource even has a mining licence.
Yet what have they achieved whist BMN has been busy acquiring Mokopane, Brits, Vametco and now Vanchem?
Spot the difference? That's why I invest in management ... and we have some of the best.
... that those that have been so keen to overemphasise the risks this morning will now allow more positive sentiment to return to the bb, particularly after that great interview with FM and MN. So called 'balance' has had its moment in the spotlight. Now time to remember that we didn't invest here for the risks ... it was for the potential rewards.
I have clearly stated on numerous occasions over the years that I invested in the management, and specifically Fortune Mojapelo. With a degree in geology I understand the resources very well. I also get the numbers. I get the markets, the products, etc. But all this amounts to nothing without good management. And BMN has a management with a track record of astonishly good strategic moves. I know plenty of AIM companies with good resources where the incompetent management failed to get product to market. Crashed and burned. I could list them. We have that rare commodity on AIM ... a BoD that delivers on its promises and for its shareholders.
There will be some that refer to PR and deadlines. Let them. I just enjoy the fact that this company is a cut above most AIM resource companies, and through some brilliant strategic moves has moved into production, revenue and very significant profit in very quick time and at minimal cost. Brilliant. Just brilliant.
And now we see the same excitement around the purchase of Vanchem. So stop moaning and enjoy just how rapidly this company is growing.
And I have a new hero ... Mikhail Nikomarov. What a knowledgable and energetic young man. I have growing respect for him and expect BE's future to be even more exciting than BMN with him at the helm.
One last observation. I have just returned from oncology where I was told they have to temporarily halt my treatment because of the severity of the side effects. If anyone thinks we have problems to worry about with BMN then get real. One day you may understand what real problems are. We don't have problems here ... we have a fantastic opportunity with BMN. Embrace it. Scream it from the rooftops. Buy more shares. Whatever is your method. But for goodness sake stop making me miserable with your 'balance'.
No doubt this will offend some people. I don't care. I could not feel more positive about an investment. I will add that the one quality that investors need here is patience. Those LTHs that have it have been very well rewarded. I anticipate that story being repeated in the coming months and years.
However this is all just my opinion. Strangely other opinions exist.
So we have posters today inferring by omission than securing both Vanchem and the Monoplane licence would not add significant value to the sp. That is a very strange idea about balance.
Vanchem will add around 33% more Vanadium production to BMN. That means cash! And AIM loves cash. It is interesting the someone purporting to be balanced leaves out this very significant step in the company''s history.
We all agree I am sure with the BE future and time needed. To omit Vanchem on the mining side is careless at best and suspicious at worst.when discussing future special drivers.
BBN for once I have to disagree with you. There are elements throughout LSE bbs that seek to spread fear and uncertainty amongst genuine shareholders in oder to support their own dark activities. Some have been frequent visitor to the BMN bb. I pleased to say they have encountered a well researched bb and have been robustly dealt with. This has nothing to do with drowning out discussion of risk factors. Those shareholders that have such strong positive sentiment towards BMN have every right to defend an investment in which they are so confident about the company''s performance and the potential for future share price growth.
Now I agree there is room for balanced discussion. Last week I posted about some of the risks facing BMN and the mitigating factors that addressed those risks. That is far more balanced than someone mindlessly shouting 'you're doomed'! Another poster intimated exactly what you have suggested so I had to repost to demonstrate that their point was incorrect, as I believe you are.
I vigorously defend this investment simply because in my opinion the risks are so heavily outweighed by the potential reward. I have been here long enough to fully understand all the arguments, as I did in 2015, 2016, 2017 and 2018. My firm defence of this company is fully supported by the facts and of course past performance of the share price. I am even more confident about the future than I was back them.
So bring on all the negatives you or any one else cares to raise, but expect a robust and determined counter from me.
Just my opinion.