Member Info for SickOfTheRatRace

In May we had the Vanadium 101 webinar for which we were led to believe that as well as private investors participating there were a number of USA based entities on the call. The share price closed at 24.10.

I don't think anyone here would question the ability of our CEO and indeed Mikhail to engage with the investment community. Mikhail in particular I have a lot of admiration for, he is full of confidence and a seemingly encyclopaedic knowledge of the sector. Fortune has come on leaps and bounds in interviews continually growing in confidence.

Following that webinar designed to proactively engage with the investment community, by 23rd May the share price was 19.10. There were only two RNS between these dates, one was a warrant exercise of 7,598,684 shares and the second "Lemur Concludes Concession Agreement with the Government of Madagascar for the Imaloto Power Project".

The former despite being only 7.5m shares then gave an excuse for the MM's to drop the price by 2p over the following week. When the Lemur announcement hit, we were permitted a very temporary bounce back to 21.5 before being walked down again over the following week to the mid 18's, despite no negative news whatsoever.

At other times we have seen literally millions of buys with zero price appreciation, yet a few thousand shares sold is suddenly enough to drop us by a penny.

Or let's take the strike action. Immediately we were dropped by 4p. Not seemingly because anyone genuinely took an active decision to press sell but because MM's desperately needed an excuse to trigger low stop losses to obtain shares. PI's then bought and quickly recovered this. Then the announcement that the strike action was continuing. Another 4p drop. When the strike was over, lots of buying, did the price immediately rise by 4p? No, we were back to only where we were before the strike action despite one of the best pieces of news in recent history, the Sojitz buyout.

Although I can agree with what you are saying in terms of company engagement and the share price, there is clearly a massive gap between investors on other exchanges and those on AIM and indeed how those shares are allowed to move. Are Largo and Prophecy subject to the same market games that we have to endure on an ongoing basis?

The point of this is that I don't think it is necessarily all about sentiment following an interview. The question is whether a market is allowed to function within the normal boundaries of buying and selling without the continual smoke and mirrors of AIM. Throughout BMN history the merest rumour of bad news is immediately followed by a drop yet high quality positive news is largely ignored with any rise only allowed as part of a trend that takes several months.

Shareholders approved the demerger of Afritin on 20th October 2017 and it was admitted to trading on 9th November so the company get zip things through when needed.

Endion there is definitely some feeling that these things are self fulfilling. If you have a bunch of investors who sell then wait for the EMA to then buy then of course it will bounce.

Daisan if you mean the asset firesale or the 80% drop in share price in the last two years then I doubt it.

One thing he is right though BMN has 250p written all over it - oh he missed the 0 must be another typo.

Excellent, so now we know what the "Additional Project Acquisition" was on page 21 of the report.

I wonder if there are more to follow?

However this acquisition appears to be for exploratory licences only rather than mining licences so going forward Uis is still the only cash generator coming on stream.

However I think there is still going to a big cash call coming for the full development of Uis and we are already up to 544,588,525 shares with this purchase. Given ATM floated with 297,464,888 shares is already approaching a 100% dilution in less than a year - and those 297,464,888 were already consolidated 11:1 from BMN.

So for me it's a "wait and see" approach at present.

I don't think there are any problems with us coming up with suggestions, after all it is very easy to be critical of a particular situation when we don't have any ideas to how it can be addressed.

Careful with predictions. The cynic in me says that BMN read these boards and whenever we predict an announcement (that hasn't been formally announced as coming at a particular time) they intentionally change the date!

Having said that yes if the last quarter is anything to go by then we could get the Lemur RNS this week.

cindercone do you have any suggestions as to how the issue of PR on "mediums that nobody watches" could be addressed?

Do we need Fortune on BBC News 24 Business Live at 8.30am?

Clearly you aren't impressed with a company posting a huge maiden profit that other AIM listed entities would kill for, but clearly you are in the minority.

Well that explains at least 8,136,130 shares so looks like it may not be warrants at all.

By the time we hit £1.00 the company should be paying dividends. It will probably be dividends being paid that pushes this to £1.00.

@faramog that's where I went, I couldn't find any BMN posts there. Do you see them - maybe it's my login?

13-11-19 £100 or £1000 if won

I checked last week and couldn't find any history for BMN posts by Corbine, are you able to see them? I think all BMN history was recently removed (when they were having site issues?)

What do you think of the suggestion that AIM_Chaos made that BMN could attempt to acquire UET?

Would that solve the electrolyte patent issue?

13/11/2019 £100 or £1000 if I win

Thanks Alfacomp. I have done the same.

Expert10201 I didn't choose the charity, but when I donated there was a box to boost the donation to cover the fee. I ticked the box. So the charity should get the full amount of my donated figure as I covered the fee myself.

However should JustGiving force a refund of the donation and require me to go through the process again as per their help system, I will probably donate direct instead.

faramog I think there is room for both. Personally I would like to do something that honours the memory of Corbine every year so would like something with a fixed date at the end of September alongside any generic pick a date from thin air competition.

Anyone received an email from JustGiving saying they have automatically removed the gift aid from the donation?

Not happy.

The minority shareholder in Pamish 39 is Izingwe Capital (Proprietary) Limited

"Izingwe Capital (Pty) Ltd. operates a black economic empowerment investment holding company. Its principal investment firm specializing in buyouts and growth capital and restructuring financing. The company primarily invests in manufacturing, paper and pulp, mining, power, engineering, and financial services sectors."

So seems you are right, the BEE is covered by the other 36%. Even better!