There lies the challenge for BMN when you compare to IES, how do we create greater intrinsic valuation for BMN? Moving from commodity to a technology focussed business where the attention is not on cost but on value created in the service/product provided into the market. If BMN can do this the MCAP/SP will head for the stars.
No problem MEM and I wish you every luck. Its clear now you are not an investor but a trader. That's fine, but BMN is not really a great place for trading it is however a stellar investment. If trading in mining stocks is your bag then GLEN is probably a better shout than BMN. Good luck to you and wish you every success.
Ye MEM the SP has dropped this is a combo of V commodity drop and wider market bear activity due to covid19. Today I think its possible to be critical of BMN's value being linked to V wholesale markets. Slowly but surely the tech offering of BMN will come forward and when it does the SP will rocket. This is an investment to hold for a 2yr min, if you want a quick buck trading look elsewhere.
MEM agreed the SA link with BMN is probably a cause for the intrinsic value in MCAP to be below par. Also agreed JSA may not give the SP lift that others think it might and better PR extolling the tech rather than raw material aspect of BMN's business offering will help convince the wider investment case. But disagree that any time now is right to withdraw any holding from BMN. Frankly doing so is bonkers when the downside is so small but the upside is massive. BMN have the answers for low cost scalable power storage, the demand for VRFB is going to hockey stick in the next few years as will BMN MCAP!!! Also BMN are playing the 'success through others' with the vertical tech offering and holdings in Invinity and others supplying VRFB products directly into the market.
Not against a share buyback, in fact it has advantages over a potential dividend in terms of returning valve back to us shareholders. One word of caution is how a buyback is implemented. In this scenario I'd like to see the purchased shares being cancelled (lowering the available shares in issue) versus the shares being held in treasury.
Thanks Lolmcshizz for digging out this data. Whether its 13% increase in production or 13% additional sales from existing production I don't think particularly matters. What matters is this figure is a reasonably good escalation of cobalt demand at Glen. All encouraging for the future here.
That sounds like great news, any idea on what additional material demand it will put on Glen's cobalt production? Is it a 50%, 25%, 5%, 0.5%, etc... on what Glen is already extracting and supplying? I hope the Tesla news is more than just a publicity stunt and it does reflect a significant volume take of Glen's cobalt.
Only for Cheapshareboy to answer that question Albert. The only conclusion we can make is he is looking to benefit from a decrease in Plus500 shareprice. Good luck to him, but it flies in the face of the significant business growth has made through this year.
Albert82, I'd have thought Cheapsharesboy posting is obviously. He's here to deramp the share price since he's probably shorting it. No doubt he's pleased with todays shift but over the coming weeks shorters are going to get hurt if they continue to hold their positions in Plus500
I hadn't appreciated this detail Lunchboxbill, these purchases by directors as detailed in this RNS at the placing price (0.25p) is a conflict of interest in my opinion. Far enough if they were purchased on the open market before the placing occurred but they weren't. In fact this is quite dishonest.
Yes serious coin, but surely they'll be reimbursed via salary payments which can now occur via the money raised by the placing anyway? Seems to be a circular economic input to allow migration of shares into the hands of directors.
£2 a share for TRX? LOL!!!! If anyone wishes to buy my TRX holding for £2 share please private message me. If you're quick I reluctantly might give you a 'placing type' discount on the £2 ask of 76% to 48p.
I think you're right Amxdd. Love it or loathe it Motley Fool has a wider readership than all the positive comments posted on this bulletin board of BMN. The only thing that this company is missing is wider appreciation and an audience into the broader investor community. Onwards and upwards from here!
All these buys going in a sign of confidence in my opinion for the health of TRX going forward. Finance is place now to step us up to a >£100m MCap company. Dilution comes at price with placing but so would have private finance through a bank loan or similar. Now lets have the BoD give us all the growth, sales and profit the great tech and great products this market is craving. Stay strong and long on your TRX shares folk