Member Info for SMT1

When do I start ordering my yacht ?

Have you ever seen a broker make so many changes to the target price on any other share ?

Whether or not you agree with the target price, this seems very unusual.

My worst fear is that we get taken over at a silly price, & we don't get to fully realise our gains.

I also don't really understand why Institutional Investors have still not come on board. The profits we are making & the potential profits are in black and white now.

I think you could be correct. Maybe they are trying to keep the price low, so that their "friends" can get on board at a low price.

I would love to see a month by month forecast of the vanadium price by SP Angel in 2019. The price must surely fall to zero in December 2019 to reach the average of $35 per kg !!

I must disagree with your assessment that this is a "cash elephant". It is a "cash woolly mammoth" !!

They have no evidence that the vanadium price will collapse. I would love to see some of their broker reports for other clients. If they were that pessimistic, they would not have any left. Anyway, makes no difference in the end, but very bemused.

According to these figures, BMN sales are forecast to almost halve in 2019 compared with 2018. Seems extremely pessimistic to me !!

Thank you all for your comments. Ophidian, I did not know about the 30 day window, which could be very important, thanks. I will take financial advice.

I have accumulated a large (for me) number of shares over the years & if BMN was sold, I would have to pay a large CGT bill as most of the shares were bought under 2p. Would you recommend that each year I transfer £20k to an Investment ISA & pay tax now to save higher tax in later years if BMN was sold ?

I lost only �2,500, bought on a punt just before they were suspended, & I am furious with with the situation, so I really feel sorry for you Robo and all others that have been conned. Robo, hope you recover your losses soon.

Completely shocked that a company making �50m profit a year can run out of cash & go out of business. I believe there has been fraud in the last month, but it is also gross incompetence. If the board had been honest with the markets months ago, we would not be in this mess now.

CEO and CFO are back !!

I'm guessing that they prepare monthly cash flow forecasts. The VAT is due on 7th April, but they included the payment in April's cash flow instead of March, when they needed to have the funds available. Its a basic error. I believe the company has expanded too quickly & their systems cannot cope currently. That's not to say that they cannot sort it all out in a few months with the help of the auditors.

I would predict either special dividend halved, or ordinary dividend increased by 5p & special dividend scrapped. Either way, I would expect share price to start increasing to more sensible levels soon.

Will have more of a look over the weekend. Totally agree with your assessment of Card.

Ok thanks.

I take your point here, but there have been twice as many buys as sells shown. Still looks a bit dodgy to me.

I've noticed that every day since the share price collapsed, there have been significantly more buys than sells. How does this work ?

The profits should be fairly similar to last year, so I would expect them to have excess cash to give to shareholders. Personally, I think they should do away with the special dividend, & raise the ordinary dividends. I don't believe the share price falls would have been so dramatic if this was in place now.