Forward sold long ago so they aren't fussed with the price going lower - it will just be rinse and repeat with another fundraising in the teens. Genuinely sorry for all holders - especially you Spary old chum. This was a bit of a spike stock back in the day but now its not investable.
Indeed the timing with Vametco was amazing and the great thing with BMN was shareholders were supportive, even when morale was bashed when we were hovering over 1p. I still remember speaking to FM in person shortly after they were buying into Lemur and he told me- 'with the portfolio we have built here I have no doubt this will be a multi billion pound company' at the time the MCAP was around £13m or so and I thought it was all hot air......... but how wrong I was!
I admittedly de-risked this year but still keeping 150,000 to retirement. What they have done with BMN is honestly once in a decade type AIM companies - congratulations all.
Good seeing most of the long termers still active on the boards - after rises these strong people tend to de-risk or leave completely. Shows the level of investors who were with BMN throughout the years, stuck with the fundamentals and were proven right. Refreshing
Some acquisitions in safe jurisdictions to mitigate against political risk - we are doing amazing in SA with Vanadium prices so strong, but while the going is good we should look to buy some brownfield projects across the globe and do another Vametco 2.0.
Can only buy a maximum of 100,000 shares at 0.115 but can sell up to 12.5m shares at 0.1113 I can sell 125 x more than I can buy! MM's are hungry...... SS must be this week?
This has to be one of the best Mid Tier Lead/Zinc/Silver deposits in the world at the moment. We need to keep in mind how valuable having existing infrastructure and smelters around the corner massively de-risks and improves the economics. Its simple Met wise - it has the size and grade and location. Anyone who thinks this won't be bought out or JV'd in the next 12 months needs to give me the next best alternative. We will all be rewarded - the next BMN type rise imo!
The markets are crap - they didn’t wanna invest that cash out of their own pockets, they were forced to because he brokers couldn’t raise the cash!! Poor guys..... forced to put in cash at record lows, I feel sorry for them! If the broker raised the cash they wouldn’t have put in that £110,000 it’s as simple as that!
This hit over 0.16p on ANTICIPATION of the SS, now we are under 0.11p when we all expecting it literally around the corner.... thats a Goldman Sachs type safe investment you would have thought!
The issue is they have never, historically allowed cash to go below 0.5m if im not mistaken - so I would say by Jan they would be raising cash. Unless they have earth shattering news its not looking good!