Member Info for raffym

Compass007 I can see where you are coming from. I'm upbeat on ATM as well. Its just a waiting game.

That doesn't make sense at all. "I still think that they seen Afritin shares stagnate over the last 12 months actually decrease then saw the rise to the point they were at break even and thought 'hey ho" got my money back. ill take that...." - They never paid for the share in the first place, so how can they get their money back. You are clearly just speculating for speculations sake!

My speculation is that those who wanted the money sold when the received the shares, and those that held on saw the future potential, and are not going to sell out when the price equals the issue price.

It's more likely that those who bough in at 2p are releasing some profit.

IH - I'm a LTH.

I bought in originally at 4p and 6p and was spiked when it went down to 1.5P. I held.
I bought more in when it went up to 10p and was spiked - but I held.
I've more recently bought more at 48p and its spiked - I'm still holding.
Long term I believe this will go up again, and the latest spike will soon be a distant memory.

I'm guessing that your the kind of man that kicks someone when they are down - as you seem to like reminding newbies that are at sitting with a loss.

Well my message for those newbies is that I'm sitting at a loss with my recent purchases - and I'm not unduly worried as I believe that the share price will recover and exceed my buy in price, when the seller clears, or news flows again. That's my belief - don't take it as financial advice though.

NMS1966 - Alas I think the date for transfer is pretty rigid and I've accepted that - no point in getting stressed about something I cannot impact. Thanks for you sentiments though. On the positive side the transfer value may go up, but to counter that I suspect I'll miss a major BMN rise - actually I hope I do. I do not want BMN to be sitting here in April!

I'm transferring an old defined benefit pension to my SIPP. The process has been ongoing since the beginning of October, and is not expected to complete until April. I'm fortunate in that the defined benefit scheme is paying for the financial advisor, however maybe because of this, or otherwise, it has been a very long winded process. At this moment in time the paperwork has just been completed, however the actual transfer will not occur until the trustees of the defined benefit scheme have approved the transfer, which only happens at specific meetings on specific dates. I've been told that the process cannot be accelerated.

My guess would be low volumes possibly due to traders sitting in the wings waiting for a bottom, or waiting for an upturn, before buying back in. Low volumes could also be because everyone who is 'in the know' already have their positions,and the Pump & Dump Herd aren't currently interested because they see the price as stagnant, and they have Mr Magoo goggles with respect to a long term view. The little buying that is occurring is due to LTH accumulating, and the occasional new investor who sees the light with respect to BMN's prospects. The MM, by raising the price, are trying to encourage more buying, by the aforementioned traders, so that they can chip away more of the large sell order in play. Once the share price reaches a certain point they'll unleash more sells and move the price back down. They are basically trying to encourage volume using the sell as a control on the share price. Until this large sell finalises, or news comes through, the SP Will bob around the 38 to 42p price. Hopefully some decent news will come soon, create more interest in BMN (long and short term focussed), and create enough buying volume to complete the large sell, and allow upwards movement of the share price to a realistic value.

"Hoping for a decent change in trend 2019"

I'm not - 8p to 38p in 2018 was a great trend. Hope for the same trend in 2019!

Its a shame about the exodus to Twitter, leaving this BB to be infested by the trolls and irritating fools. Alas you reap what you sow Admin.

Unfortunately we have aregular troll whose only purpose appears to be disruption of the board. He has been successful with respect to this as any brand new posters who with their first posts ask questions which could be construed as focussing on negative indicators for BMN's valuations are assumed to be trolls. Its a fair assumption, and if you are a genuine investor you shouldn't let it bother you, and given time the quality of your posts should convince the LTH of your true poston. Certainly for now you smell of troll!

Bumped into this board - think gambit posted on it. Its interesting the assumptions and perceptions of arrogant citywire BB members have with regards to BMN, the Bushveld Perspective and other BB. These people clearly do not research the stocks they invest in. Maybe some of these chaps caused the short?

https://bit.ly/2R2RLCv

Fastmarkets MB expects ferro-vanadium prices to average $85 per kg in Europe this year, and $77 per kg in 2019, "with prices turning in the first quarter and averaging lows around $60 per kg in the third quarter"

https://bit.ly/2KdJ5GV

Even at $60 per Kg, BMN is undervalued! - Personally I don't see the price going as low as that, and I think Skier has an agenda.

https://bit.ly/2zZGhsk

email sent to editorial today.

Just spotted your comment Alfa - yes - will need to research this. I guess I'll just have to end up taking a tax hit at some point. If BMN does go £5+ in the long term it wont really be a problem - as whats left after tax will be more than sufficient.

Interesting suggestion faramog, re moving abroad and transferring the SIPP, and its something I'll research, as I will emigrate one day.

BeatTheBroker - Once its all completed I'll relate my experience in case it benefits anyone else who has to go through the process, however the intention is to keep BMN in my SIPP and purportedly the shares can be transferred in situ when crystallising your funds - so there are no Bed & ISA like transactions. The only shares you have to sell are those required for the pension Lump sum - which you can then re-invest via trading acccount, if you want to.

Leafie - still actively working and contributing so its too late for LTA protection. As long as you don't drawdown from the pension (or convert to annuity) you can still contribute, as you can still benefit from (free) employer contributions. However if and when these shares go to £1 plus then you have to start drawing down some every year so that you can pull out as much money as possible to reduce the tax hit when you hit 75 when the whole pot is reassessed against the LTA again. Not advice by the way - just my interpretation and understanding.

Most of mine are in a SIPP - trying to go through crystallisation at the moment, and all can I see is the LTA excess increasing which means potentially 55% tax liability on the excess. A nightmare I never envisaged as although I expected the current SP to be achieved - I did not expect it to re-rate so fast - still shouldn't complain, as I am fortunate to hit that LTA, and still have 10+ working years left.

Give it a chance - we've only just got there. Personally a consolidate around 40p would be a good thing :-), but I won't cry if it goes up.

19th October would have been when they crossed the 3% threshold. They've bought 1.06% since.