Member Info for spbhoy

It would appear that all the positive news surrounding renewable energy and storage, possible bottom of Vanadium prices, upcoming World Bank news conference, clarity of shorting activity and also high volume buying by REMX has done nothing to dent the will of those that want the price lower.
Tick tock, tick tock.

II'm getting 24.85 but only for very small numbers with 24.35 Ask....but this was a good few minutes ago and not live now. Maybe same old same old or perhaps a final first thing in the morning immediate drop to see what they can grab.

All main mining stocks are up 1-3% this morning.

https://www.timeslive.co.za/news/south-africa/2019-05-24-eskoms-ceo-phakamani-hadebe-resigns-saying-unimaginable-demands-of-job-put-strain-on-his-health/

Are these latest issues rates any higher or lower than previous

To save me scrolling back.....what’s the Van Eck angle?

Not so sure Squirty....having read quite a lengthy but amazingly informative 2018 report posted only this morning, I’d have thought that they were already prepared to announce the 2018 figures as the report itself has clearly not been a rush job. Perhaps there is still another piece of the jigsaw to be revealed prior to media interviews.

What goes around comes around!! Long and strong.

This is literally defying all logic.

The business itself is not reflected in the SP. Not what one would expect in the trading of shares in a company.

The SP is simply dictated by whoever has deeper pockets at any one time...buyers or sellers...except the sellers we are seeing do not require any pockets nor any funds as it's all borrowed stock.

Someone mentioned the need for shorts etc to provide liquidity...fair enough. But I'd bet that the majority going short are not doing so because they truly expect problems with BMN, and in fact are probably quite in awe of what BMN have done and are doing. However, if you can borrow enough stock to short an AIM share like BMN, when quite clearly many LTH are already pretty much all in, the future of the company has no bearing on your decision...you simply borrow, sell, manipulate all you can while you can and hope to time your exit at the most opportune time.

Great annual results, astounding resource update etc was not enough to persuade closure.

Will a change in the direction of vanadium prices be the catalyst?
Will JSE listing be the catalyst?
Are the MMs still part of the games?

I'd say yes to all of the above.......albeit at times over the last 2 days I thought that the MMs were actually trying to persuade shorters to increase their bet. The fact however that they continue to delay publication of buys and sells at leisure makes me think they are still in deep.

So what's next?

Brits news...Mokopane news...BE news....JSE listing.....increased V prices......

Or all of the above?

I've reported the person concerned for very obvious reasons. I know that you are already aware of what he is doing, and i understand and agree with the need to reply, but could I remind you that he is getting exactly what he wants by receiving so many replies.

Perhaps staring a new thread to summarise replies would ensure that none of your own posts are removed if Admin decide to react.

Today's and yesterday's news confirm all we need to know. Our day will come soon and those like our fishy friend will swim away elsewhere.

Glad to heat it Alfacomp. I only wish I could get more funds to do the same...sadly no spare at this time.

My gut instinct is that some of those involved in the selling may not even know they are borrowing more, in that a programme which has been set up to short and to keep fighting any rises, may be adding more and more volume to the short. Only when they review the position do they realise the size of the trades. I only think this as the volume of different companys' shares that get shorted and the volume of trades involved would surely be too much for anything other than a computer programme to handle.

I do find your last sentence very intriguing. pm me if possible if there is something i should know.

Cheers and good luck with the additional holdings.

You've got to imagine that if the activities of earlier this week coerced Fortune into issuing the first statement via RNS, then the reaction of the SP to the two latest RNS will leave him scratching his head and wondering what on earth does he need to do in order to rid this share of the poison that has beset it.

Perhaps he does have another ace up his sleeve, who knows?

I'd imagine that until whoever controls the program or algorithm that is controlling the shorts decided to put an end to procedures, then the drip, drip, drip of sells will continue. Maybe the JSE listing would be a big enough catalyst to end the games.

It would be surprising if there were not a few investors or fund managers who will now be able to consider BMN as a valid investment on the back of figures that confirm in black and white that we are indeed a serious investment.

Add to that the intention to consider dividends for 2019 onwards and you have a very compelling case in front of you.

And all of this for the discounted price of just over 50% of previous highs....this will not stay under the radar forever. At the very least, i would expect the JSE listing to signal the end of short position opportunities.

Brasi, I suspect that they are just reiterating that Vanchem will be financed as best possible through our own cash.

YinYang, you seem to be conveniently forgetting that throughout this year we will be generating more cash to add to existing cash and furthermore, we will most likely not have any repeat of much of last year's one-off expenditure items, so why don't you take your negativity and stick it where the sun don't shine.

MMs playing a great hand. Let it rise. Drop it as low as possible. Attract as many sells, especially short borrowed sells as possible. Say thank you very much for your shares. Lock them all away to cover their own positions...rinse and repeat. Shorters are accommodating their wishes.

Drop the Ask by nearly 3p from morning highs then goes to NT. Now trying to grab as many as they can with a lower Bid but not selling any at lower prices. Games, games, games. Looking forward to normal market conditions prevailing over the next hour or so. Then should see the buying take hold.

Mms having a ball this morning with an early Ask of 33.99p but now showing under 32p....stung a few early buyers. Should see it rise again once the serious buying commences.

I doubt we'll see many successful buys at 32p......i'd hope to be back above 40p today and I don't think that would be asking too much. This morning will be fun and games indeed.

I wonder how many shorters decided not to close yesterday...despite the subtle warning from Fortune.

I wonder if the MMs will royally shaft them with a decent increase in the pre-opening price. Why not?

I wonder if there will be any shorters who decide, in spite of today's fantastic news and despite the upcoming 2018 results and despite a hopeful update on a dividend policy, that this share is still worth shorting....surely not.

This could be the second RNS that breaks the previous trend and sends us into orbit again.

What a day to be a BMN shareholder. Well done to all those that held long and strong. Well done to all those posters that persevered with their posts convincing others to hold.

Greater volumes and better grades with longer mine life. I would not like to still be holding a Short this morning...lol