RE: Battery tender26 Sep 2019 09:03
Tensions can run high during periods where the share price is deemed to be particularly low. That has been the story I have seen here since day 1 of my investment in BMN now approaching 3 years ago.
It is particularly trying at low SP levels as that is when many of LSE's least amiable characters ply their trade,hunting for cheap entry points and trying to talk down share prices already perceived to have taken abuse adding fuel to already frustrating fires. Coming from a background where Comms played a huge role I have often struggled with the fact that often during these periods, BMN are at their most quiet and often conversely their most busy as it's contrary to my love of narrative and the experience I have had building them, with some success I might add, for other companies. AIM is different and one thing I am slowly starting to understand is that the best companies don't game their share price with false dawns. The best companies deliver and of course it's frustrating waiting for it to happen if you aren't the most robotically patient individual around. I can be one of them but fortunately business strategy is also a very big part of my background and I can see the wood for the trees.
BMN are exactly this type of company. There is never fluff. There have been mis-steps for sure, AfriTin's spin off and the use of the tarnished word 'imminent' comes to mind, but the overall strategy here is masterful and the market doesn't get it. If vanadium prices were sky high,people would be complaining and/or worried about Bushveld Energy being pie in the sky as really it depends on a lower vanadium price, which shareholders should not be surprised that lo and behold we now have. If Bushveld can't succeed with VRFB at these levels, then it was not meant to be because all of the conditions initially demands by this strategy are now there for them to succeed. Mikhail is a brilliant leader for this part of the business and I for one believe his real worth to the bottom line and delivery of this strategy has only marginally been presented so far.
I read a post by BBN as others have on i3e which as is typical of him, very well presented, which really for me hits the nub of the matter. Investors might be frustrated at the share price, but how do you think the BoD feel with their holdings seeing 60% wiped off the value of their business. They won't have seen last November as the end of the line for share price growth and take a view that now the whole story is about what can be recovered from here on in. They didn't sell any shares. They see a bigger story and a bigger prize. That calmness and focus on strategy really should be the same for investors. That's not to say it is an easy thing to do. It isn't. But, if you were going to trust anyone with your money to do it, it would be Fortune and Mikhail with this remarkable company-making strategy.
The key for me is to ask how many profitable miners out there are able to treble production in the med
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