Member Info for Pondering

Yes, apart from RMM and COPL(suspended), looking at a lot of red today across a range of similar shares. Not exactly what had happened today. Nothing significantly different with BZT compared with others. I see this as a good hold for longer term. If the board is mostly red today, a good chance it will be mostly green/blue tomorrow.

And a possible dividend has been suggested by Art in the longerterm.

A month may be optimistic for reaching the initial stable value- could be months, but we will see. Then there are potential new assets, so the longer term becomes years for max value.

If you read through, there are plenty of estimates sans prospectus, other variables awaited, and future prospects. Being on main market it key for me - big investors to take the shares off PI sellers who sell too cheap. I see an initial 2-3x day 1, followed by another 2-3x over month one. There may be dips, or it may go up in a straight line. Those of us who have taken the risk with suspension and who hold longerterm will take the biggest gains , but others will have good opportunities for big gains also. Just a view. DYOR etc.

Either way, there will be a sudden sea change in wider market sentiment at some point. GLA.

Sentiment is key here . An RNS that would boost sentiment would go along the lines of:
We plan to provide shareholder value reflecting the growth and prospects of the company
No more new shares will be issued
Shares will be bought back from non-PI investors who are selling
The BOD have bought/will buy more shares
We are moving off AIM onto a main market
We expect/plan to grow further into more international markets
We have a new team for promoting BMN.
We have longer-term plans for a dividend for shareholders.

The simple positives that I see are:
BMN is a producer
Growth and profit projections look great
It is not a ‘punt’ awaiting some speculative result
Funding is in a good position
I believe the price will be much higher in the future
It’s actually a very interesting company

Yesterday, someone sold what amounts to <0.1% of the company. It’s a shame these were not gobbled up - they should have been. That’s where I agree with Sanchez’s posting.

Only one trader (or institution) with a lot of shares to offload today - I think most/all of the big trades from ~11:48 are the same. Enough to push it down today. A few more for my wife's ISA. She will be pleased eventually.

Basically, the same message - more regular buying volume is what is needed by whatever mechanism. If there is a lot of buying, then people selling or attempting to trade becomes less of an issue. I just don't see BMN as a day-trader haven anyway - there are many better options for that.

Whatever - positive thinking, publicity, main market move (I think looks increasingly important), vanadium prices, further good results etc. No problem with a gradual rise.

Well I am in as of a few mins ago. 567785 shares. SP shown on google dropped instantly, so probably the seller was looking, or otherwise MMs trying to scare up some cheaper share from others. Seems a no-brainer over next few weeks-months.

Only 7 trades showing, not of any great size, and 5.4% drop in value of the company? I guess if I was a major holder in the company, I wouldn't be to impressed with how the trading price is being handled. Anyway, we can look forward to a rise of 30% on any positive day when there are about 38 trades.

I assume they must be at, or very close, to completed recruitment now. The primary outcome is at 14 days and safety outcomes at 28 days. My guess is early May for a press release. If there is significant (clinical and statistical) good outcome, then a big re-rate expected. There is a wider question whether it will also be effective in overweight patients who are heading towards diabetes, but not yet diagnosed. Also, if there is a link between COVID and developing diabetes, whether it can be used as prevention. Those issues would likely need further trials.

Dunno, I think a reflection of the market. Money moving around ‘hot’ shares. Those more under the radar dwindling unreasonably. Also, end of tax year destabilisation. Onwards and upwards next (tax) year hopefully.

I expect it will settle around the current psychological neutral zone - 0.50 or just below until something more substantial.

No point selling now people - drop is too great. Locked in now until the next rise, whenever that is.

Almost seems like there has been an instruction issued and has been carried out to move this down over recent weeks. Or a still-invisible humongous sell. Just not seeing the selling on individual trades to justify the drop. This seems likely the bottom before the rise. Safe enough in my mind to have bought another tranche for the wife in her ISA.

I think you’re right. I don’t see any fundamental problem. Just many AIM investors not known to be patient. I will just hold mine for later.

Yesterday, I got NT for immediate quotes for a while. I put through a fairly sizeable ‘at best’ order and it cleared within 5 mins at an entirely reasonable price. Either some technical issue, or the MMs actively trying to keep a lid on buying at this level and collecting more shares. I view this as a good sign. Strong buy for the list. If it’s NT to immediate quote, put one of the other order types.

Well done Libero. Sterling job, though the limitation that you are mainly preaching to the converted here. Hopefully, your email will yield some positive response.

Yes, so we are in weeks, which is within what they described. If they had said "next week" they I would agree they have not met what they had said.

Like many, I would like to know what is happening and likelihood of success but...

There are three basic outcomes - deal, no-deal, or still working on it. Both deal and definite no-deal are sp sensitive so should be reported ASAP. "Still working on it" might be nice to see, but they have already told us that is what they are doing.

18th Feb: "Ormonde will continue to keep the market apprised over the coming weeks as it works to find an acceptable route to allow for the completion of the ROC Transaction as expeditiously and efficiently as possible".
We are still in weeks. At 18th April, it can be counted as months, so before then at least.

Looks like one big seller giving the SP a good kicking to me, with a bit of help from the MMs. Just have to wait it out.