Member Info for SickOfTheRatRace

Pdub, hope you are well and the treatment is going according to plan?

Expert I would say that BMN actually care a lot more about the share price than you think, particularly given that the directors are shareholders in the company. A higher company valuation also assists them in any discussions they have with prospective financiers.

Pdub just a small point but I would say that BMN does have some influence in the price of Vanadium given that they sell it to the market. They are not forced to sell at some arbitrary European or Chinese price that some bedroom trader says is the current price (with no apparent verification). With no official market the "price" is open to abuse and we can already see that the main Vanadium price trackers often can't agree with each other.

I think we have seen in previous results that actually BMN sell above these prices.

According to analysis a lot of the drop was caused by stop loss activity?

“It’s technical stop-loss selling, first through $18,500 [per tonne] then $18,200, then more stops through $18,000,” an LME trader said, declining to be named."

Anyway this makes no difference to Afritin right now. They actually have to produce some tin to sell which of course is in progress but we only know about the crusher so far. By the time they have produced some tin and had it smelted, the price could be somewhat recovered from what may well be a one off panic sell.

According to the LME graph the price is only down $310 a tonne since the end of June and if you are going by a year then this doesn't account for the tin rally from 28th November when the tin price was actually lower than yesterday.

You would hope so, although offers generally come first then get referred to competition commissions afterwards.

I wonder if the reverse would be true, if Glencore wanted to say au revoir to Rhovan would BMN be blocked from buying it or does SA privilege apply?

Just remember be suspicious if an offer is tabled from a newly incorporated BVL entity called "Gercelon" or similar.

Even if Glencore offered £5 I would vote against it out of principle.

If Clive keeps the positive news flowing the price should take care of itself. An operational update tomorrow would be welcome.

The longer between RNS releases the more it will drift - but short term.

Already done.

Share buyback works for me, but they won't get 24 million shares for £6 million as the price should start appreciating as soon as they start removing shares from free float - indeed probably as soon as they announce they plan to start buying.

I don't see how BMN could lose on the deal to be honest, if they did put say 20m in treasury they can easily offload these to a single institution at some point or use for initial JSE listing by the equivalent of an IPO.

Mikemine - a dose of reality here. There may not be much additional downside for investors who are already 90%+ down but someone buying today stands a very high chance that they will lose 100% of that investment unless they are just buying in hoping for a bounce to sell soon after. The company has said it needs 10m to continue and the results already say they are running at a 12m loss so that money will disappear quickly. That means a billion shares at 1p - or more likely 2 billion at 0.5p - what's the likelihood of that happening?

Rather than little downside it would seem there is a 90%+ chance at present that anyone buying and holding is going to lose the lot.

There seems little doubt that given it will be extremely difficult to raise the 10m the plan is to limp on to November, go into administration, pre-pack the assets and buy back for a song. Shareholders will lose everything.

Well it's just my view but BMN can help the situation by paying a dividend, even if just a small one to start:

1. If existing investors have some income it will remove some of the forced sales.
2. Income funds will buy in.
3. Income PI's will buy in.

0.25p dividend = £2.3m
0.5p dividend = £5.6m
1p dividend = £11.2m

Anglo Asian (AAZ) was mentioned on here declaring a maiden dividend last September, so I added them to a watch list and their share price has since trebled.

Cannot disagree CC, I rode the underground for years and it was pretty unbearable at times particularly if you worked somewhere regressive that considered a suit to be an essential business tool. It's also very dirty - any commuter who has gone home and blown their nose will agree with that.

What is good about all of this though is that we can sit in our (hopefully) comfortable chairs and discuss new applications for VRFB storage. It's clear that the untapped market and possibilities are gargantuan.

How lucky we are to be invested in a company with a board of directors with such foresight.

Indeed Alfa. the problem was always the deep lines and how to remove the extracted heat. The subsurface lines are now already air conditioned.

Apparently the problem is now solved with new rolling stock due in 2030 for the deep lines having air cooling.

As the underground is naturally hot being buried erm.. underground if the heat could be extracted efficiently it would seem it could have other uses - after all that's how ground source heating systems work for private homes.

Is there scope for using the heat to drive turbines to charge energy storage?

Indeed Jacksdad the upside from here appears incredible with little downside as we are already producing.

My previous post didn't even mention the upcoming resource estimate, dividends post deep flows or ultimately the company being taken over.

It is prudent that CASP downplay the takeover possibility to manage expectations but an approach is a very real possibility that increases the more oil they prove.

Just to provoke some debate, Chevron consortium increase Tengiz by 150,000 bopd via $37bn investment so is CASP target flowing 15,000 bopd (10%) worth a proportional $3.7bn to acquire a world class field that has barely been tapped? An approach by a major would seem to be a when not if, once we prove we can produce at those levels.

The Victoria line was built with each station at the top of a small gradient. This reduces the energy required to speed up the train as acceleration is gravity assisted. Likewise when approaching a station the incline helps brake the train reducing the amount of energy converted to heat. The current rolling stock has also been equipped with regenerative braking.

I am not sure a whole carriage dedicated to a VRFB would be a solution commuters would be appreciative of but there are certainly opportunities for battery storage.

TFL underground and overground networks currently consume around 1.2tw/h (terawatt hours) of energy per annum. They are currently looking at opportunities to site solar and use wind generated power on the network, and indeed potential battery storage. Given the requirements for longevity and rapid switching it would seem VRFB would be a clear front runner.

Well this is AIM so a dose of cynicism is certainly understandable. I am no means a LTH here having bought in more recently but I am aware of what has come before and have still bought in - which is what all you long term holders need, new money coming in looking at the endgame rather than a desire for 10% then exit.

What has happened in the past is history and nothing can be done to change that but I wouldn't have bought in unless I had some confidence. What matters is what is to come from here and it looks like the coming months are going to completely transform the company.

Worst case is that existing production ensures the company will stay in business, best case with the export licence, deeps flowing, pipeline built and more wells being drilled the share price will be many multiples of what it is today.

I am here for the ride and as each of those are achieved I expect more investors to join in.

Good luck all.

To be fair CNEL is literally a penny share so 25% isn't massive for a breakout. Would certainly take 25% from here on BMN though!

Little to no value for BMN in a RED investment and definitely not for £10m. It's like Lehman Brothers waiting for the Barclays cavalry - I doubt anyone outside the existing investor base would be willing to put in £10m when they can wait for the inevitable and pick up the assets for a song.

As always it is the private investors that lose out with the directors taking salaries that are disproportionate to the success of the company.

@numpty5 - well the corporate actions team at Halifax definitely know about the AGM considering they sent me a voting paper in the post last week.

Result of AGM

Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, held its Annual General Meeting at 11am today and is pleased to announce that all of the resolutions put forward were duly passed.