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To see V prices move up but it’s only one day. I want to see a 50% rise and then some stability at that level. Only then will the SP start to move towards the 30p level. I’ve accepted that in the short term the market will only value the company based on the mining side and currently that side side is running on massively reduced margins compared to last year. Just like any commodity V price has its cycles and we are at the bottom of one. Just need to remain patient and at some point the market will start to attribute value to BE which will bump the SP up even more
In fact if they owned 4% of the current shares in issues compared to the 6.45% of the share in issue pre-placing they would have more shares hence My conclusion is that M&G bought more in the placing but not proportionately to their existing % holding
But did they sell? The TR1 was an update based on the new share count post dilution but it does state there was an acquisition or disposal of shares. The drop could either be they bought some more shares in the raise but not enough to maintain their % holding or they did in fact sell some but certainly not very much as they are now between 4% and 5%.
How did the get the price lower? Dumped V stockpiles into the market?
Seen the major interest in MNRG shares. £1m cap company and listed on main market. Don’t get MM manipulating that. Shows it’s pretty easily possible for BMN to exit AIM next year. Even if we aren’t straight into the FTSE250 it would be better to get rid of manipulation. Shorting will still be there however.
Shame the article fails to mention the explosive nature of lithium ion storage systems. They will keep exploding and hopefully the market will see the light.
has become the 3rd person i've ever filtered. His nonsense is no more
erm..only real money trades show here not your demo account trades
only other weapon Fortune could use is to borrow money in Euro's due to the stupidly low borrowing rates and launch a share buyback designed to only be in effect during periods of shorting to kill off the manipulators.
news. And by that i mean the Q3 update as we knew Vanchem news already. This really is the best mining business on AIM but i hope that we pass that 'best mining business' award onto another party as we plan to exit this manipulated market. I really think the UK government should nationalise the MM's and operate them as a not for profit organisation.
What you pay for a company that makes $36m losses per quarter? Less than Bushveld right? But no Google buys Fitbit for $2.1b
He thinks Eskom is the key to the global energy storage market. So if Eskom fails he thinks its the end of VRFB. Its quite funny tbh how clueless he is.
like Coffeecups is spouting his usual nonsense on twitter. The guy is clueless imo
i find it odd how they think only 18% of market share will go to VFRBs. There are other technologies but what is their reliability and lifespan. We know this already with VFRBs.
anyone know when the top 10 shareholder list on BMN website is due to be updated. I've taken a screenshot of the status at 30/09/19 so want to see what changes have happened if any in the top 10 which accounted for 67% of total shares in september. Would be interesting to see if any of the top 10 have increased/decreased as i suspect they have. I also note yellow dragon are not on that list?
that is a catastrophe.
having look at the current global situation i think there is a growing bubble in everything other than commodities. When these V producers shut down due to the low price they wont start up again until there is a significant rise in price. I think that's what we saw last year as prices started to move about $70. Likewise when the V price drops these producers wont immediately shut down until they start losing enough money to call it quits and that is probably what has led to an excess of V into the market. These small producers cant afford to stockpile whilst prices are low because they need to sell to keep the cashflow coming in to continue operations and i think that is part of the reason why prices have dropped so low. After this lull V prices will start to rise as supply is further curtailed and hopefully does not rise past $60-65 to stop the smaller producers from starting back up.
thats screws the MMs share collection plans
On technicals that Ophidian recently posted on twitter we had a big break out from a falling long term resistance line. Usually what happens is we fall back to touch that resistance line and then the big move North happens. That May be what is happening now as these drops are quick like this one. Alternatively some big player is looking at the V price and subsequent lower profitability of BMN and is shorting the crap out of it which is fair enough as they will need to close when the V price goes back up and that will increase the SP back to the 30’s. There is likely manipulation also going on but Fortune has the answer to that but getting the JSE listing and move out of AIM complete. For LTH this is just short term games
The problem will be fixed by a rising V price. Until then we wait for the VRFB business to take off. Perles has screwed up his prediction imo. The V price suggests a flood of Vandium in the market. When the world stops drowning in excess Vanadium which I think will be soon the price will rise and so will the SP. Simples. Just got to wait it out. Same happens with oil and other commodities although there is price manipulation thrown in too.