Member Info for SickOfTheRatRace

If I recall correctly someone calculated that at maximum production Afritin would be worth about 24p. This may have been BBN? Anyway probably a conversation best moved to the ATM board.

Unfortunately the stake has been getting progressively smaller as even BMN is not exempt from being diluted by ATM issuing shares!

You will also regularly hear BMN shareholders saying how we got shafted on the deal. Our shares (P.I. issued "free" shares) were only worth 1/11th of the current share price. So if we say 4p our shares are only worth 0.36p compared to what was originally expected (1:1). We got double shafted because the MM's then marked BMN down by the consolidated several pence (around 3p if I recall correctly) despite the consolidation meaning we should have only been marked down by a quarter of a penny.

Let's hope this is not repeated with Lemur.

BMN are at Mines and Money 26th - 29th November 2018 so perhaps too close to 1-2-1?

Maybe just trying something new this year.

Alfa I believe it was this: http://investors.morningstar.com/ownership/shareholders-major.html?t=BMN&region=GBR&culture=en-us

What is interesting is that they are saying they crossed this threshold on 19th October. Which given recent activity may indicate they haven't stopped buying yet.

Dav3J - my advice would be don't rely on any £10 share price predictions and 65p dividends to make any decisions at the moment. That is definitely at the very top end of current predictions. Who knows if it will ever get there, it may, it may not. What is certain is that if it does it is some way off particularly when we are only at 37p. When we get to £3+ that is the time to start thinking about £5 - 10.

Personally what I do is set myself a target (which is currently £3 - 3.50) then re-evaluate every six months or when there is a significant change in circumstances.

I think your "optimistic target" of £3 is very achievable medium term.

pdub at <3p my fellow family investors and I sat down and discussed a top slice figure. We came up with 30p. It looked a long way away but achievable.

When we reached 30p I asked them if they were now top slicing and they all said no!

This company and indeed Vanadium pricing are very different now compared to then. Personally I just cannot bring myself to sell any knowing the prospects and newsflow to come. One thing that will be a deciding factor for my own decision is the dividend policy. If it looks good then I will have no reason at all to sell any.

The point of this is that by the time we hit 30p the facts had changed. Now I think about a top slice at £1, but if there are dividends being paid probably not.

"When the Facts Change, I Change My Mind. What Do You Do, Sir?"

So at the moment, like you, long and strong.

Well they know where to come if they want to recover some losses - BMN.

A producing company with excellent prospects whether you look at short, medium or long term. I know where I would put my money (and have!).

"The story is not yet half told."

I don't think Bushveld Minerals production increases are going to help the steel market at all. They need the production increases to feed their electrolyte programme at least until such time as there are more licences/brownfield processing.

Thanks Endion, I do find it quite ridiculous that a trade has just been printed at 17:47.

Thanks for the notification fb, I don't think there will be anyone doubting your commitment to BMN.

Yes please Alfa. As a starting question how there are still trades going on after 5pm when the market closes at 4.30?

Am I alone in wishing the market didn't have to close at 4.30 today?

Unbelievable!

We were called "the dumbest fucks on AIM" by this crew. As you say we won't forget it.

Page 8 of this guide (page 14 if going by printed numbers) deals with moving from AIM to FTSE. It indicates that should we transfer from AIM to FTSE the inheritance tax benefit would be maintained as we originally listed on an unquoted exchange.

https://www.londonstockexchange.com/companies-and-advisors/aim/publications/a-guide-to-aim-tax-benefits.pdf

Listing on JSE is of course another matter.

Hope so 1210. That first dividend may well tip the decision as I really don't want to sell any shares!

Imagine some of the numbers being quoted recently being posted a year or two ago. It would have seen those investors laughed off the board. Now it all seems scarily achievable.

I know it's early days but do we dare to dream?

Sorry 1210 did you just say that there will be a VRFB market in Africa worth $10bn a year?

A $10bn market which it increasingly looks like Bushveld Energy will be front and centre, leading the way.

If we capture half that market then even with a profit margin of only 10% that's a profit of $500m a year.

Bring on that business plan, please.

In the meantime I need to lay down.

65p x number of shares and tax free. £650,000 for every million shares. A tax free income of £12,500 per week.

I honestly cannot comprehend being in that position, it would be like winning the lottery every year.

In the darkest days £5k would buy you over 400,000 shares so having all your BMN shares in an ISA wasn't too difficult.

Redleader from what I see history doesn't judge AIM companies success on how high their P/E ratio was. They judge on multibag multiples.

If BMN were to reach £10.89 as predicted by Ophidian earlier, from a low of 1.2p thats a multiple of 907.5. That would put it in the top AIM performers of all time in any historians book.

Personally I have a target of £3.50 at present. If it were to reach £10.89 it would be beyond my wildest dreams. For BMN to reach £10.89 at a P/E ratio of 15 then it would have to generate earnings of around £800m. Achievable? Who knows. What I do know is that this is an exceptional company with exceptional plans and it is starting to look like the sky is the limit.