Member Info for SickOfTheRatRace

Many of us have been interested to know who Yellow Dragon are since the day they first came on board.

Ultimately though it doesn't matter. We have no right to know who the end investors are any more than I have the right to know who you are. They have decided to remain anonymous and are free to remain that way until such time as an unlikely event such as tabling a takeover motion or the law changes requiring their disclosure.

Personally although I have been curious and always had theories as to who it could be, all that actually matters is that they are a sympathetic shareholder that are doing their best to support BMN in its growth strategy so that's good enough for me.

I believe we can move to SETS but stay on AIM, as being in the AIM 50 using SETS is a requirement so doesn't require a main market listing.

However I also believe we have no choice but to move to SETS if we want to be dual listed, which should cut down (but unfortunately not eliminate) the shenanigans somewhat.

Exactly it should be no surprise to the market then. I am really hoping for a surprise with Bushveld Energy.

I believe we are now due for a Q3 operational update, last one was 31st July for Q2 so that would make Oct 31st for Q3. Should make for interesting reading. Looking forward to progress on Lemur and Bushveld Energy.

Email from Doctor-4-U, now offering Fortacin 5ml for £39.99 in Recordati branded packaging.

I just took another 10793.

Yikes, I may be wrong but I think that is the largest amount ever confirmed on this board they will take in one hit. I cannot see how they would take that volume on the books unless they already had a matched buyer.

@Yachty I am less concerned about Yellow Dragon than I am by the shares aspect for Vanchem, I would like to see the option taken to buy this out as soon as possible. The last thing we need is another unsympathetic overhang - I would hope the board had learnt from past experiences with this and already have plans to buy this out from next years income.

By settling now in a period of low pricing we are again negotiating a deal at the bottom of the market. If prices and profits rise significantly this will ultimately save the company money from profits, of course Yellow Dragon themselves gain either way because the share price should reflect future profit levels (i.e. less cash but more shares which are ultimately worth more cash).

The cash and shares now replace the previous deal of future profit share so that is a future burden removed, of course the benefits of this largely depend on future profit levels.

Looks like it is "dilution day" today - anything else to add to the list?

I think there is definitely something in that Compass007, there were a few sales in another share I am in yesterday as well as BMN was rising and I know there are some BMN investors in there also.

Looking forward to news on production ramp up soon.

Fair enough, thanks for the replies. Was a little confusing, didn't know that it's a two part process where you are granted the right to have your licence granted!

Looking forward to completion. Strong buy as ever.

RNS: " has granted a mining right to Pamish Investments "

Says nothing about "mining right application" - says "mining right"

The problem is some saying we don't have the right yet, so I am a little confused.

" the Department of Mineral Resources and Energy ("DMRE") has granted a mining right to Pamish Investments No. 39 (Pty) Ltd ("Pamish"), in respect of the five farms Vliegekraal 783 LR, Vogelstruisfontein 765 LR, Vriesland 781 LR, Schoonoord 786 LR and Bellevue 808 LR situated in the District of Mogalakwena, Limpopo, which make up the Mokopane Project. "

Can anyone clear this up/clarify?

That's the great thing about "life changing" - the value is entirely subjective and doesn't have a fixed amount. Depending on the PI life changing could be 100,000 shares at 5p growing to £1, or it could be 2,000,000 shares getting to 50p. Everyone is different.

Agreed Sanchez. I for one cannot wait for the post announcement media interviews with Fortune. Once Vanchem completes I suspect he will be struggling to stop himself smiling!

As I have said on several occasions before, this is a masterclass in business building unfolding before our eyes. Is the story now half told?

Let's not forget that the reduced ownership is just to comply with the new mining charter regulation so was necessary anyway.

Still news on Vanchem completion to come with a deadline in 8 trading days. Perfect storm.