Member Info for Pondering

I'm assuming it isn't that US$2.5M, which the RNS said is extra from BE, but would be another similar big chunk from Acacia as part of EHL consortium (assuming correct that he/they are a member) to go towards the $30 million total. But something like US$2.5M would make up the gap between the relatively small MUST investment and the value of BMN shares sold. A much more encouraging scenario going forwards regarding likelihood of Acacia holding the rest of their shares and still being 'on board' with the overall project. Hope it's right. Thanks, and to FB.

So, hopefully just diversifying, but keeping eggs in BMN.
If so, it would be 'nice' to keep the name on the scoreboard and visible by staying >3%.
Time will tell, as always.

There is a mismatch though? ~£250K MUST investment does not account for ~£2.5M BMN shares sold.

And speculation that they handed over more this Tuesday when it hit 18p, but not enough to trigger the third TR-1. As per previous such events, it would be great for individual PIs if another mechanism could be found - £6-7M to buy them out if they plan to sell all.

The inference being they will either sell no more, or they will sell more on another rise, but seems unlikely they will sell at this current SP.

From the dates, % changes, and sp chart it looks like they sold in big chunks on two of the rise days - 7/4 and 4/5, rather than gradually. Or they handed over to MMs on those dates, who then walked down the sp over some days until all sold, if that’s how it can work.

1) Commodities; 2) Funded and below placing price; 3) Small volume/UT drop at end of the day making it look more dramatic than reality. Excited about the future here.

Totally MarkP. Seen enough times. Panic sellers taking a loss, or minimising their gain.
A little while later, the people who bought in the panic period take the benefit (and the MMs of course).

;) apparently missed.
Already assumed someone having a joke or trying it on. Tomorrow is another day nonetheless.

Well, there was a 1-code in the trades today ;)

It's just few trades with wide spread at the moment.
As others have said, some good news -> increased volume, and then this would motor.

Yes, manages to be reprimanding, funny and actually answer the question all at the same time.

Soon find out. Price started to rise again about 5 days after first tranch, but this tranch larger. But as other have said it also depends how many are actually going to be sold at this point. Positive that the price did rise between tranches, so expecting to do so again when this is finished.

*pi's not ii's

From memory (feel free anyone to correct):
20:1 consolidation
SP was roughly 0.75 when PAL shares were suspended = 15p equivalent now. That price was based on speculation prior to knowing about CMET.
KLK ? in at 5p = £1 post consolidation - reason provided for much long-term price optimism
12p placing shares - ?£2M
Many, but not all, iis probably with averages equivalent to around 15-25p at the time of opening as PAL had been >0.75p
Went to 20p quite quickly on opening and then gradual drift.

Most of that now academic though - question is about long-term value if and when this gets to producing.

*could be quite brisk
i.e. may not be possible to buy in at current prices when it opens on the morning of the RNS.
Invested people have to be confident in the EIA being successfully finalised.
The rest should follow.

I'm sure the RNS on 26/3/21 was intended to be a stimulus or at least 'hold steady' message from the company. But there's not much more they can say until EIA outcome, which will hopefully be a firmer signal and then should be upwards progress. Based on current low volume, and believed 'sticky' major share holders, upward trajectory on positive news could be quite brisk.

I have a smallish investment here. It seems if the interested parties (company and larger investors) are reading what is being posted on here, they should make some attempt fairly soon to provide more clarity for the market, preferably in a manner that does not lead to more share price dropping.

As a generality, the time not to sell is when the price and sentiment may be unduly low. Unless the company is going bust, which I don't see, then otherwise whatever is going on with the SP is likely to be short-medium term only.

Commiserations. Something generally bad has gone on today in the sector. I've spread risk across 15 shares, mostly in solid or liquid commodities, and bought at what I originally thought was good value. 13 of them are down today, quite a large overall drop. Fortunately, still overall ok from last year's gains. In general, and for EEE, there has not been a fundamental change for any of the companies that I can see. Sentiment can turn again in the opposite direction just as quickly and especially with small caps. Hold and have a cup of tea or beer.

Looking at a lot of red today, not just BMN. FTSE taken a little downward turn as well. I wonder if the post-Covid mini boom could be coming to an end. Painful as it is at the moment, BMN should be solid for the longer term.