Member Info for SickOfTheRatRace

The small trades at 3pm are trades by a service called freetrade that queues orders and then processes all the zero cost trades at 3pm each day. Zero commission but only if you are happy for your trade to go through at 3pm. Given the wave nature of some shares 3pm is often a bad time (you can pay more after the lunchtime dip) so to avoid this you can pay £1 to have your trade actioned whenever you want.

It's already in the final stages of the project. The question at the moment is whether they can raise the signposted $200m.

Personally I don't mind either sale or spin off. If it's sold, return the sales value to shareholders as a special dividend. If it's a spin off and we get shares in the new company then each individual investor can easily decide how they wish to proceed based on their own investment criteria.

I do like the idea of using it to showcase what can be achieved with a mix of renewables and VRFB. That could open significant opportunities in future as a half way house for operators on the way to inevitable future closure. Many of these plants are recent builds and they are not all going to close before a return on investment to their operators whether we like it or not. Of course governments could choose to pay to close them or steadily make emission regulations more and more stringent, if such policies are available to them.

I think giving company assets away would send the wrong message and cause long term damage to investor sentiment particularly if trying to attract new money. The coal is still worth $6bn at todays prices assuming the published resources are still accurate (based on the last annual report).

Battery storage would be very beneficial and allow the plant to run at a more constant rate 24/7.

I am all for spin off or sale to remove it from BMN but could see significant opposition to any resolution to give it away for free.

Hi Peterfal, cannot disagree with your assessment! Hopefully some other EUA investors will be inspired to take a look at BMN when this is all over.

A possible reason for no Lemur update is that they are currently negotiating a sale or JV. If there is an NDA in place this may be what's holding it up.

It's strange that Lemur has disappeared from recent updates so there must be a good reason for it other than just distancing themselves from fossil fuel.

My plan also.

Hi swanseayellow, nice to see another fellow BMN'er here.

Page 12 of the report contains the breakdown. Most of the value is indeed Monchetundra.

@Awstin report is here. If you can't see the link for any reason it is easy to find, just search "ACF report eurasia"

https://acfequityresearch.com/wp-content/uploads/2020/02/Eurasia-Mining-Plc-MA-Valuation-FINAL-ACF-03022020.pdf

@justabitofun apologies I note the first line of my post omitted the word "licence".

The ACF report is valuing based on risk including not being awarded the flanks licence but having the asset. Once the flanks licence is included and into production, the table on page 18 shows the potential value of around $1.4bn a year after costs.

In terms of the flanks licence as you will know we are already most of the way there with national sign-off complete and just awaiting local sign-off which should be any day now based on a six month expectation.

So the question remains how comfortable people would be with a $1.5bn sale of the asset given that production with flanks licence could be (based on ACF figures) $1.4bn a year and more to the point how comfortable the board will be. Quick money now, or effectively the same quick money every year for more than a decade.

Many have theorised that there are bids waiting for confirmation of the flanks licence. If confirmed everything suddenly gets a lot more valuable.

Going to be very interesting seeing that initial bid and what could potentially follow.

@aandi The ACF report of 55p-60p a share valuation is based on Monchetundra without flanks.

With flanks included, read page 18 of the report at the bottom line figures after taxes and costs.

The figures are astronomical.

How this translates into a sales price remains to be seen - but when you see mining figures of $1.4bn after taxes every year you have to question how welcome a sales price as low as $1.5bn would be - effectively just a years production.

Apologies, that is of course Monchetundra.

Investors should pay particular attention to the model on page 18 of the ACF report, which contains cash flow projections for Montechundra including flanks.

Annual (after tax) figures are quoted of $1.4Bn +

We certainly shouldn't be scared of no deal. The rewards down the line are mind boggling. The kind of 50p figures being quoted for a sale could be an annual dividend.

I think I need to lay down.....

That's the one, zero commission but only if you are happy for your trade to go through at 3pm. Given the wave nature of some shares 3pm is often a bad time (you can pay more after the lunchtime dip) so to avoid this you can pay £1 to have your trade actioned whenever you want.

@daitom the small trades at 3pm are trades by a service called freetrade that queues orders and then processes all the zero cost trades at 3pm each day.

They know more tricks than Houdini. It's no wonder there is little PI action as at the moment there appears no opportunity for quick return. Of course longer term return for those ahead of the curve as BBN likes to say. More recent purchases have been punished and it seems some longer term ones also, I was surprised to see I paid 19.28p on 05/06/2018 and 18 months later we are back at that level despite all the progress made. Some progress must be "priced in" though as FeV was $64 at that time.

Tremendous upside from here when the market decides the time is right or we quite rightly get off AIM for good.

NT at £300 goes against the view that there are vast amounts of shares for sale at this level.

Pdub your endless enthusiasm is what kept me here in the early days when the share was being suppressed to within an inch of its life.

There do seem to be two opposing views though, those who believe that anything posted on the LSE bulletin board has no effect on the share price whatsoever and those who link any sort of negativity (no matter how minor) as a catalyst for a drop so seek to suppress it. I can't say whether either view is right or wrong.

Personally I believe it is perfectly possible to have a balanced view. No shareholder here, yourself included, can say that 100% of what this company has done in the past has been the right decision or benefited shareholders. There are examples which I won't list now but any longer term holder knows what they are. One example I personally took Fortune to task on at the presentation evening. His response was more than satisfactory at the time. No-one is infallible and mistakes will be made along the journey, but the journey currently is a good one and potentially going to make everyone here a very nice return indeed.

Unfortunately it does seem that BMN is somewhat out of favour with PI's right now and the volume isn't there but this is AIM and sentiment can turn in seconds into a mother of a bull run, as we saw on the march to 50p where we enjoyed almost unbroken daily rises of 2p.

jimjam you can vote if your shares are in an ISA. You just need to contact your ISA provider via phone or chat and tell them you want to register this. Different providers have different terms, on my platform it's "shareholder benefits". Speak to your provider and say you want to vote on resolutions and they will arrange it for you.

No, great, London Stock Exchange RNS service, when the board is ready.

You can create an account on the London Stock Exchange site and subscribe to any company announcements of your choice. I do this for all my shares, it's free of charge and I receive an email alert when items match the criteria.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html