Member Info for Pdub

Up again in Europe (2.68%) and US (2.72%) according to AsianMetals

Great to see these large daily increases in the commodity price continuing. BMN becoming more profitable by the day. Great start to 2022

Lindon you didn’t mention link between V price and sp.

I like what I am seeing with US and Europe V price. Any significant increase here will exert pressure on sp, though in short term the impact may depend on rate of disposal of Duferco shares.

And US V price on an upward trend (up 2.8% in last 24 hrs according to AsianMetals).

Significant as this is BMN’s largest market.

Haha brilliant knuttie. Had a good chuckle at that.

Hope you are well.

Jelly it must be clear to everyone that every comment you post in my direction is provocative, rude and / or patronising.

My response?

Happy New Year. Stay safe.

Margins increasing. That should be making Fortune smile.

That assumes that all these shareholders that you refer to are as negative as Jelly and only focus on the share price and not the actual progress made by the company. There are bound to be some who think like that but I hope that there are others with more insight and a clearer long term picture of the potential value being created by BMN.

BMN are leading the way in building a large low cost vertically integrated vanadium platform. They are ahead of just about every other company on that path and outside of China.

It’s been tough to get this far for BMN so just imagine the challenges that the wannabe companies face as they try to copy BMN’s ideas.

And don’t forget we have some strong partnerships with Invinity, Enerox, IDC, etc.

Frustrating for shareholders? Of course. These things take a long time and Covid hasn’t helped, but the company is forging ahead with delivering the vertically integrated vanadium platform.

I think 2022 could be a strong year, particularly once Enerox issue is sorted and Duferco are out of the way.

Just need some more vanadium price rises, like we are currently starting to see in Europe and the US. Strong Q4 numbers are likely in the next couple of weeks or so.

Just my opinion.

Good to see positive move on European and US Vanadium prices. Hopefully the beginning of a trend though a little early to be certain. All helps the profit margin. If it continues that would be a nice start to 2022.

Only my opinion but l believe Duferco have been selling. If so the quicker the better.

When judging the revised terms it is important to first consider what benefits this deal may bring to BMN medium to long term.

Clearly BMN consider the benefits to be considerable, hence the ‘oiling of the cogs’.

Happy new year Coffeecups.

Well Q4 Update should be available within 2 - 4 weeks and I am hoping that will show continuing cost reductions and stable production at or above target. For a miner and producer that is very important news.

Ah I see a certain post has been removed. I had not reported that post but I guess others did. I would like to thank whoever those people were. Your support is appreciated.

Kind regards. Paul.

Happy new year Coffeecups.

For those that like to play the guess the date game, Q4 results have been published as follows:

Q4 2018 …. 30 Jan 2019
Q4 2019 …. 30 Jan 2020
Q4 2020 …. 04 Feb 2021

I would also point out that in any sensible market the progress made last year by BMN would have resulted in a share price recovery of some sort. BMN have done the right things to move back to profitability, just as they said Faramog, but this warped AIM market doesn’t seem to work properly.

Anyway that’s all from me.

These posts are of course just my opinion. Other opinions are available.

So on that positive note there have been so many positive steps forward for the business in 2021 and I firmly believe there is a lot more to come in 2022.

There … that will wind up a few. Haha

I apologise for being positive and concentrating on what the company can control … their business activities.

Perhaps I should become one of the group that only focus on the share price …. Nah. If I have learnt anything these last difficult three years of my life it is to be positive. I’ll leave the negative stuff to those who are much better at it.

Loudspeaker mentioned that V prices are higher today than a year ago. Worth noting that although the Dollar Rand rate has pulled back a little it is still higher than beginning of 2021.

So withe costs in Rand and revenue in Dollars it all helps with those crucial margins.

Won’t be long before Q4 update is released. I expect to see continued stable production at both plants and at least in line with targets, if not better, and further production cost reductions.