Member Info for RazorShultz

I think we got a bargain when we got Coltman. He'll be an utter hero if he lifts us back up to where we were previously. Here's hoping the SP performance continues likewise

SP holding, which is good. Long may the recovery continue

Anyone that thinks this company is in financial disaster is a moron. The LTHs here have been proven right continually about the positive upward trajectory of the company's operations. The trolls were wrong about the Island Magee license and they're wrong about everything else, too.

"Please dont tell me high wage settlements in the public sector are not inflationary."

Well Lottie, they're not inflationary. Inflation is the increase of costs for goods/services relative to value. Public sector services don't up their prices whilst providing less value year on year because they don't charge at the point of use for their services, see the NHS for example or state schools.

And as I said before, these people getting payrises also doesn't affect general inflation because public sector workers having more money for food and other things isn't causing shortages of those things. Usually when prices go up, it's because something has caused them to go up, or it's just corpoate greed. Unless your local tesco is putting egg prices up because the shelves are running dry, it's not inflation.

Brexit, the collapse in our economy, the war in Ukraine, have all pushed prices up at every point of the supply chain. This in part explains the price increases. We've also seen shops putting up costs beyond what would be normal if they were simply passing on the extra costs. It's greed.

Sorry, I meant to say "there are no shortages of food" in the below post. Pretty important word to leave out of the point i was trying to make.

I've been a shareholder in this company since 2018, when it was still called INFA.

To answer your question "What on earth has the fact that public sector don’t charge for their services have to do with inflation.", Well the answer to that is "quite a lot". It has a lot to do with why public sector pay rises don't cause inflation.

Inflation is the rising cost of goods and services relative to value. The NHS and education, civil service etc, don't have a cost for their goods and services that they provide to the public, yet the value they provide stays the same year on year. There's no "healthcare inflation" or "education inflation" as far as the consumers of these services can see.

These people having more money to buy more food also doesn't cause inflation because there are shortages of food. We're not seeing buyers competing on price to snap up a packet of crisps. All of our problems related to food cost increases are because of rising costs for the producers and sellers (e.g Brexit making it harder to simply import products).

DogFarther, not sure what your day job is, but I'm a financial professional. Not an economist, but not very far away from the area. And yes, that's right, as I said, if public sector wages went up there likely wouldn't be any inflation, because their wages are just paid for by our taxes, not the sale of goods or services. it's the same money being allocated differently.

You don't seem to understand that public sector industries like education and the NHS don't charge for their services, they don't make a profit either. The employers don't need to put prices up to cover pay rises coming out of the company's own money.

You accuse others of being from the "London Skool of Economics" yet you don't understand the basics.

Digitalman is indeed correct, public sector wage rises don't cause inflation because they're paid for by taxes, not by the sale of goods/services. Regardless of the various political leanings of people here. From what I can see, most of the UK's inflation is corporate greed, something the IMF has also weighed in on in recent times.

Hxul, sounds like you would be better served by buying a lottery ticket. And there's also another rule, don't invest money you can't afford to lose. Anyone who is finding themselves terrified of losing their investment probably should have just kept it in cash and stayed away from the market. I've accepted that I may have made a disastrous mistake with BMN, but the amount I've invested isn't going to ruin me.

Hxul, I believe Warren Buffett once said "if you wouldnt' own a share for 10 years don't even think of owning it for 10 minutes", so probably not as asinine as you'd suggest

Here's hoping!

Goatman is there something wrong with the water where you live? People who are long term holders think the company will do better in the future than it's doing today.

Whether we're deluded or not is up for debate, but that doesn't change the ultimate rationale.

Ma5k could you have posted anything stupider than that drivel? Everyone who remains invested does so because they think the company will be more profitable in the future than it is today. It's that simple

I'd also like to know if there's a recording of the meet.

HarChris, I largely agree. He's made some tough choices to raise working capital and is focusing on operational improvements that he can control. Once costs are controlled and the production improves, which it's looking like it very much is, then we should be able to focus on the core activities of the business and get back on track.

Well hello again Troajan, hopefully this fares better than the luck we're having over on BMN.

My pension is in the Vanguard S&P 500 tracker. No problem with the safe investments but it'd be nice to have some success with shares too.

So you guys who do nothing but criticise BMN, help me out a little. Can you suggest any shares that might actually go up? I've been thinking about the UK stock market and the truth seems to me that the FTSE is carried by the big dividend paying blue chips. Normal shares just don't go up, I've filled out my tax form and I'm starting to look at the american shares.

I'm sure some of you geniuses must know something, having been right all along.

I've said a few times this new CEO wouldn't want to come in only to have to fold the company and have a stain on his career after a few months. And Orion are an experienced financer of mining operations, they don't want to have any more bother than they need to. From their site it looks like they have a good track record too.

You have to be a real moron to care about market cap in a company where the share price is below 1p. The company is cheap, load up and see if it 10 bags or 100 bags in time.