Member Info for SickOfTheRatRace

Actually that would indicate that the key date is the mcap yesterday!

In which case we probably didn't make it :-(

"The market capitalisation cut-off date used in the ranking process to determine rebalance changes at indexreviews will be on the Tuesday before the first Friday in March, June, September and December."

So what counts is the mcap on Tuesday 27th November, not the 30th.

Results due out today.

The announcement should be any time now given that the 2017 review was published at 29th November 2017.

I thought someone here (I think Alfa) said that Fortune wasn't born in South Africa?

RichKen I believe the confusion is because the mining follows the normal quarterly cycle but the price achieved is four weeks behind due to lead time.

The company will quote production from Oct - Dec but sales prices will be based on the V prices Sep - Nov.

That's as I understand it from past conversations here anyway.

Excellent find Buzz!

I was starting to think that the Mokopane licence was a group Mandela Effect so good to see some new info.

They are handsome figures BBN, thanks very much for confirming. $112.40 per kg for the quarter is incredible.

@BBN, now we are in December interested in what you have the Q4 average as?

I don't doubt that this is coming, the problem at the moment is that unless I have missed something obvious the company has not communicated any expected margins. To attribute value we need to understand the expected margin on a potential $468m so we can start extrapolating. For every say $1m of value what percentage is VRFB hardware, labour, electrolyte cost, support/maintenance, profit etc. When we have something like a pie chart showing percentages with a heathy profit then investors will have something to digest and use for the investment case.

So if for example we expect to win half the business that's $234m. An after costs margin of 5% that's $11.7m, if we expect an after costs margin of 20% that's $46.8m. What if initially costs exceed margins and the only real benefit is V sales from BMN to BE? Obviously we can talk $468m of contract value but if it runs at a loss due to setup costs it won't contribute any positive EPS potentially until further contract wins.

So still too early for any BE valuation and for me it's currently "priced in" at 0p. Which is fine, because BMN is still massively undervalued just on V production. It will make that BE re-rate when it occurs all the more explosive.

That would be nice and validate my long held often ridiculed belief that BMN is the next ASOS like opportunity on AIM. The kind of opportunity that comes along once every 10 years if you are very lucky. Which we undoubtedly are.

Unfortunately I don't think we will ever see £33 or even £10 a share. Not because we wouldn't be able to generate the value, but because the company will be sold long before then.

Much as I would like to believe that LTH's would be willing to hold for £30+ a share I am pretty sure there will be an overwhelming "yes" to any offer of £3+.

Halifax do transfers from the Share Dealing account into an ISA, but only by phone. They will ask for your confirmation that you wish to sell, confirm the sell, then transfer the money and ask for your confirmation that you want to buy.

It incurs two sets of trading fees but one is refunded. It is done at "best market rates" i.e. whatever is offered at the moment you confirm the sell and buy, no special market maker deals, at least in my experience.

I last did this a few months ago.

From their website one minute ago "If you want to move investments from your Halifax Share Dealing Account to your Halifax Stocks and Shares ISA you will need to sell the shares and repurchase them within the ISA. For more information please call 03457 22 55 25. If you need to call us from abroad, you can call us on +44 (0) 113 270 1154."

So they appear to still offer this service?

Absolutely fantastic news that BMN won the aware for African mining company of the year.

For those who have joined us recently, BMN pulled off the deal of the century when they effectively purchased Vametco for the value of its finished inventory. As commented by John Meyer, one of the cleverest if not THE cleverest deals he has ever seen.

This award is thoroughly deserved and recognition of what BMN is achieving is gathering pace in an ever widening reach. Well done Fortune, Mikhail and the rest of the BMN management and thanks to everyone in the company and subsidiaries who are contributing to future success.

Proud to be an investor in this first class company.

For those hard of hearing at the back of the room who didn't hear the first few times, there is no bubble.

The V price level is going to be sustained for some time. Of course there will be small percentages up and down but nothing major.

If there is any major movement it is going to be up - at least for the next two years.

Absolutely BE is priced in to the current share price. It is priced in at it's current value of 0p.

The best you could price in BE at the moment is the value of it's grant money which would equate to less than half a penny.

That of course is a situation that is going to change and change quickly once there are some contracts, revenues or forward guidance.

No problem RichKen. I am not in this for kudos so to speak, just to contribute commentary in a small way in relation to the ongoing success of BMN. There are certainly others here that are more adept in company fundamentals then I am but it is of course nice to get a mention occasionally. At the end of the day we are all in this for the same reason.

All the best to you and Claire.

RichKen I have tried to calm down my posting volume as this board is very addictive.

Pretty soon we will have some new news to digest and debate which I look forward to.

An easier way to find them: http://www.lse.co.uk/member-info.asp?nick=BigBiteNow

I agree patience is the key here 993444 and if the board deliver their current strategy there are good rewards from here.

Like many others I sold a chunk after the spin off which I put in BMN at 7p which turned out to be the right decision but I still maintain a holding here. I just don't like the dilution cloud overhead. So until that aspect is resolved I am a hold as this could easily double before then if the news is right.

Once diluted I may add but if you want an honest answer as to which share I think has the potential to 5 bag first it is still BMN even from 42p as £2 or more seems achievable by 2020 if the expected ducks line up - Afritin at 17p may take a little longer.

I thought the next big thing was Tritanium, 21.4 times harder than diamond (allegedly).

I don't suppose your pal could cheekily ask when the Bushveld Energy RNS is due?