Member Info for SquirtyFlower

The purpose of the sanctions on RA are to deprive him of any benefit from his UK assets. The FCA is not going to permit Evraz shares to be moved to another exchange because that would then enable RA to benefit. The FCA aren't going to approve just moving the nonRA shares to another exchange either because this could permit RA to use proxies to assist him out of his predicament e.g. proxies could Evraz trade shares on an IOU understanding with RA.

Any attempt to end a UK listing would have to be put to a shareholder vote. Given a large majority of the shares are held by UK PIs who are not going to vote to shoot themselves in the head by making their shares difficult to trade, do you really think the company would waste its time attempting such a thing?

Some other thoughts:
- while many IIs do not get involved with AIM, plenty still do so the fact we're listed on AIM is just a red herring.

- why would the company see a JSE listing as the best means of getting IIs involved? I'd have thought just as many would be wary of SA listed shares as AIM listed shares (if not more). The UK investment market dwarfs the SA market so why would any company wanting international II investment move to a SA only listing?

- by the same token, the number and wealth of UK PI's far outweighs that of SA PIs so struggling to see the benefit of SA listing if it means the loss of loads of UK PIs for the gain of a lesser number of SA PIs.

- if you think that very wealthy SA investors (PIs or institutions) do not already have all the investment access they need to the UK, to the US, Hong Kong, Singapore or other places outside of SA then you are kidding yourself. Thus if they wanted into BMN today they could easily do so. A JSE listing would probably help them, but the lack of one is not stopping them today if they really wanted to.

All in all, the JSE listing will be largely a non-event imho. It won't affect the existing UK investors and it won't being a massive influx of SA money either.

Libero - on several occasions over the last week or so you have posted that we may hear about the Eskom tenders in the Oct timeframe. However the Eskom tender documents posted by floyd81 make it clear that the first contract (package 1 - Skaapvlei) will not be awarded until 30th Dec 2020 so why do you think we may hear in October?

Folks need to be careful here. Pivot Power are good guys and gals so sticking the boot into their projects seems rather self-defeating. The Oxford Superhub project is a hybrid using both lithium and VRFBs and it is absolutely in our interest for it to succeed as Invinity are one of their partners on the project. Coventry is lithium only but so what? It is still developing the UK energy storage market, and surely it is far better for all of Pivot's projects to succeed so they become a commercially successful organisation even if perhaps only 25% or 40% of them are hybrids (and perhaps even the odd one being vanadium only) rather than to have supposed supporters of energy storage seemingly up in arms against them just because not all their projects are vanadium batteries.

There is no way directors of the company would be allowed to buy shares at the current time as they undoubtedly have inside info related to discussions with potential bidders and the AA board of directors thinking on what might be acceptable.

We most definitely do not need a stock split. We've already got 1.1bn shares and will likely have another 100m or so come Nov assuming Duferco do their CLN conversion. Why the h*ll would I want to, say, double my shareholding so that I can have 6.5p shares rather than 13p shares? I've already got millions of the things, I don't need double millions.

There would be a lot more merit in a share consolidation - perhaps 5 for 1 so that we have 250m shares in circulation at 65p using today's numbers of shares and price.

Actually 13.5p paid.

The share price action and large(ish) trades that have gone through in the last 10 mins reminds me of the sudden breakout after the Erongo overhang cleared. That happened around 4pm that day if I recall so these things can just happen. Maybe we'll see a large final 'clearing' trade published later. On the other hand, it might just be wishful thinking!!

American Star bicycle. Enough said. Goodbye capa.

https://en.wikipedia.org/wiki/American_Star_Bicycle

I thought limit order execution was driven by the formal ask (for limit buys) and bid (for limit sells) prices not what other trades are being executed at. So, in the case on Friday where the limit buy was submitted at 11.7p, it was not executed because the formal ask never fell to or below this price. It remained at 11.75p all afternoon. Similar is happening this morning. The formal ask hasn't fallen below 11.5p so buy orders set for 11.4p won't be executed. If the formal ask drops to 11.4p or below today then the order should be executed.

DBB - because a CEO getting into a p*ssing contest with another party with the firepower to play this game is not using company (shareholder) money wisely. Use the company money productively to give new investors reasons to invest rather than to waste time, energy and money playing short-term share price games.

bassguy - because there is still plenty of opportunity for the share price to grow over the next 16 months and beyond e.g. vanadium price increases and production increases, Eskom and other BE contracts, general growth of VRFB energy storage awareness. The CLNs will act as a drag, but it doesn't mean the share price is stuck at 12p and I can easily see it going up to 30p+ over the next year or so despite the drag. Even though there are more CLNs in Oct 2021, Deferco will probably want to see the share price rise beyond this October so they can start profitably cashing out their Oct 2020 shares once their 6 month hold period on these shares expires.

Vanchem is still a great deal despite all this. It gives us much increased production capacity at a fraction of the price a greenfield build would have costed and having two production locations reduces the risk should there be a major incident at Vametco (e.g. a fire). But, as with all things BMN, Fortune thinks long-term (years and years, not months) even if it entails shorter-term pain and investors should recognise this, load up as and when they can, stick with their investment and allow time to turn them a return many multiples of today's price. BMN isn't a get rich quick share; it's a get very rich slowly share.

Libero - uksteveg has explained this a number of times. In October, Deferco can convert $11.5m of the Vanchem purchase price into BMN shares (i.e. the convertible loan notes issued at the time of purchase). Therefore it is in their interest to drive the share price down as low as possible to obtain as many shares as possible and so they (or their agents) may, for example, see it as a good investment for them to spend (or even lose money) on throwing $1m at suppressing the share price through constant grinding of the price in order to make many millions more once they have loaded up on shares and can bang them out at double or triple the price. Making short-term money doesn't matter, it's the long-term goal.

If this is the case - and it seems highly likely - then some points to consider are:
- will they allow the share price to rise at all between now and conversion date? Probably not. Unless there is major news or an investor with deeper pockets than them then they will just suppress any rise that occurs and bring it back down to 11-12p.

- what will they do as the conversion date approaches? Almost certainly attempt to drive the price down even further. The purchase price will be the 10 day rolling average immediately prior to conversion so they'll try to hammer the price just before this period starts.

- what can Fortune do in response? Ideally release some stonking news just before this period so that investors pile in and drive the price up and so minimise the dilution.

It is also worth noting that there is a second tranche of CLNs a further 12 months down the road (i.e. Oct 2021) so expect the same game to be played again in the months leading up to this.

These small trades have almost certainly come from a user of the Freetrade app (or similar) which provide commission free trading for any amount of shares down to a single share (yes, if you have 42p in your Freetrade account you can buy a single MARS share commission free). Originally the app used to batch up all the commission free trades and submit them all from 3pm daily so on some of the popular shares you'd see dozens of these tiny trades rolling through from that time, but more recently I believe they push the trades through throughout the day so you can see these tiny trades anytime.

Maybe MM signal codes have some meaning years ago, but not sure anyone has taken them seriously for years now. However if there are some who do still believe in them then the advent of these latest trading apps allowing tiny trades means such notions ought to be consigned to the dustbin pronto.

Yes, the 80K, 90K, and 100K sells smack of desperation to keep the price down. The bad news for them is that both the ask and bid have risen this morning and the higher ask is already being peppered.

MM2015 - Incorrect, we are expecting news soon. The 2Q20 production report should be published very soon. As this represents our major sources of revenue and profit then there is little news which is more important.

You'd get more valuable insight by asking your dog than reading Simply Wall Street. It is just a computer program that spews out thousands of these reports every day.

HardyHard - get off your backside and stop asking others to do your homework for you. If you are genuinely interested in this info then you would easily be able to obtain it from the recent 2019 results RNS or from the SP Angel broker assessment of these results which you can find on the BMN website.

JMC - the reason they are £5006 and £10006 is almost certainly because of the trading commission (i.e. the seller is wants to take home £5K or £10K and so has to put in an order for £5006 and £10006 to also cover a £5 or £5.95 trading commission). What it does tell us though is that these were almost certainly PI share dumps not II ones.

Possibly, but you need to be mindful that they might look to find the shares to still fill the orders at 14.25p and so try to bring the share price down again this afternoon to accomplish this.

On the other hand, your orders may just never get filled and expire as the price goes up further. Last week alfa suggested that the MMs might be getting to the end of their manipulation (for the time being....they never ever stop for good!) and the multiple 10K dumps first thing today smacked of a desperate roll of the dice to keep the price down. Couple this with news of a crux interview, the end of the various conferences over the last week, etc, and things might well be about to move significantly upwards.

knuttie - I thought it was fill or kill orders within the market size they have to fill or shift the price rather than a normal limit order. A fill or kill has to be executed or rejected immediately whereas a limit order can wait to be filled.