Member Info for SMT1

Cannot buy any at present - could break £2 today (at last !)

You would have to be a genius to work that out !!!

How about Lithium And Tin Consortium ?

Any other suggestions for a name change ?

That trade could have been a buy. The price was 5.68p & the spread at the time was 5.60 to 5.70p. Games being played possibly.

I dug out SP Angel's broker note dated 26/5/22. They are forecasting cash at bank of £42m on 31/12/25 on revenues that are already being smashed. Target price 590p. Current market cap £28m. Expecting a huge re-rate at some point.

I seem to recall that in SP Angel's last broker note, they were forecasting cash to be in excess of £20m in 2-3 years time, & the market cap is now £27m. Makes no sense.

Sparky, I totally agree with your comments & there is no doubt that bad debts are currently under control, However, some investors must be concerned about future bad debts, otherwise I cannot explain why the share price is so undervalued.

I believe that the cash position is known & improving. The problem is sentiment due to possible bad debts. But surely they must have some form of credit insurance.

There are only a few small sellers, the problem is no buyers. Hopefully this will change soon.

Yes, very strange today. I just bought at 37.12p but noticed that you cannot sell, so maybe a big seller around.

Take your point, but the overall production target is unchanged, so no major issue.

Pekingduck, totally agree with all your comments. Some investors just drift away looking for a quicker return, but they may miss the RNS of the Tesla takeover !!!

This must surely be the most under-valued share on the whole stock market. SRB are currently making around $10m profit each year. This is set to increase massively in the next few years & the market cap is only £30m.

Assuming there is no further large capital expenditure, I would expect dividends to start being announced this year. We should then see a serious re-rate.

Copper1, thanks for sharing this information. No surprise that the share price is having a good day on the back of this news.

Beginerman, it is good news because in my opinion, it explains why the share price is not rocketing up. I don't know why Duferco are selling now, they may need the cash or are happy with their profit. Either way, the selling will stop at some point. At the moment, if current V prices are annualised, BMN will make a profit in excess of $100m, & the market capitalisation of the company is £161m. It makes no sense.

In the SP Angel report, in 2024 the EBITDA is estimated to be £8m, but cash is expected to improve by £14m. It is similar in 2025. Does anyone know the reason for this to help my understanding ?

This is really good news that we have confirmation of Duferco selling. Just need to be patient now, which is difficult !!!

BBN was given a bit of a hard time when he sold some BMN a while back and did not tell his followers. He now advises all his sells. So he cannot win. Personally, I value his opinions.

Alfa, I believe BMN was his largest shareholding. He sold 25% for the reasons you mentioned.