Member Info for RazorShultz

Good point James, I've said that myself on numerous occasions. Technical analysis is like a sport or game - it works because people all know and play by the same rules. There's no real reason price action needs to slow down if it approaches "support" or "resistance" lines etc but because people know it will they're happy to pile in at support or sell out at resistance lines. It's like if someone picked up the ball during a game of football and ran into the other team's goal with it - if your objective is to put a ball in a net, picking it up is obviously a better solution than kicking it but that's not the rule and not how everyone plays.

Who else thinks BMN could easily 10 bag again from this price?

Agree dawski, I'm happy for Island Magee to be on the backburner, we have the very exciting shipbuilding stuff going with Harland & Wolff.

Frankly, no Lucan, it is not odd. As mogwhy very clearly explained with this quote:

"§ Bushveld Energy's 2021 Capital Expenditure is budgeted to be ZAR152 million (circa US $ 9.5million ). The majority of this budget will be covered by partial sales of existing Bushveld Energy assets, with most of the planned sales for 2021 already completed with the partial sale of the Company's holding in Invinity. "

We've seen some really stupid posts today, my guess is that these people aren't that clueless, they're just intentionally spreading fear, or trying to.

So there it is. The sale

Like a famous billionaire investor once said "price is what you pay, value is what you get". The same guy also said "Invest in companies with management you like, trust, and admire". So I would have to say no to BOD changes

9p*

Ok fine, thanks for the info. Sorry for the moan, I should be thankful we're not at 9pm again. It took a meteoric rise to get us back up some of this way, and it felt very gloomy to look at my portfolio when we were down that much. BMN does a lot of good work and it just isn't reflected in the share price. As a company throwing off cash, which will certainly be more profitable in the future than it is today, I am looking forward to dividends, whenever they may be, and they will certainly come at some point. Even if it is next year, that will bring a lot of attention.

Harland & Wolff only ever failed because it was owned by an oil exploration company with management that had no interest in developing the business. It's a legendary outfit, mostly famous for its work on the Titanic, and even if Labour win a GE Starmer is a moderate compared to Corbyn, he's a lawyer so probably at least has some brains, he will know a UK out of the EU needs to be able to fend for itself.

So when are we actually getting some news about these contracts then?

This company will eventually pay dividends, as clearly they are on the way to being cash rich. Stable cost base whilst scaling up EUS = free cash flow, good EPS in the future, and dividends. It could rocket to the moon then.

We've turned a profit boys!

When do people think we'll reach 100 or 200p? I was in this share before the consolidation, when it was 2p.

Can't see my last post - so I'll say it again. Considering all that's happening in UK shipbuilding, we should be due a significant re-rate, I believe.

Can't see how it's possible that we wouldn't have a significant move north of this price, given all that's happening.

Anyone else having website problems? All the posts are dated Wednesday for me...

I hope the share price is at least 20p again before 4 years

I hope it's sooner than 4 years

Some simple arithmetic from me - I think 2 Billion market cap is around the limit for a company to be considered "small cap". For us to 10 bag into 2B (roughly), assuming the same amount of shares in issue, and assuming some reasonable PE ratio like 15, I believe around 12p EPS would justify the share price of about £1.90. Assuming the same shares in issue, (actually ive used a round 1.192B) 243M of earnings total would be suitable. Now think about how possible this is currently, and how much easier it'll be when BE energy is off the ground and we've won some Eskom tenders

Same. I believe this will at least 5 bag from here.

I thought that too Libero, but didn't want to mention it in case there's something I was missing....But yes the RNS does provide a quite obvious explanation for why the sale happened