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Phimx, I may be completely wrong, but I believe that Duferco will sell their shares when the share price approaches 10p. If the V price continues to rise, there will be lots of buyers, so Duferco will sell their shares quicker, which is good news.
Here is a new game for everyone called "Spot the undervalued share". I have listed below some market capitalisations below. To make it more difficult, I have put them in alphabetical order:
ATM - £62m
BMN - £155m
FAR - £114m
IES - £102m
Good luck !
Like may on this board, I was extremely disappointed by the RNS yesterday. I don't understand why they cannot assume there will be issues with production & lower the targets, as it affects sentiment. I also cannot believe that the main achievement was the improved safety record. This should have been at the bottom of the list. There was also not enough detail on why costs have increased.
Having said all that, I still believe that BMN will make a net profit in excess of $100m in 2022, & that the V price will continue to increase.
Also on the positive side, I may now be able to transfer the remaining 100,000 shares to my ISA in one go in April ! Something I would never have believed possible.