Member Info for SquirtyFlower

I wouldn't be at all surprised if some of our ongoing rodent infestation is connected with this individual and his gang even though it happened years ago. He appears to be an extremely bitter individual and the fact that BMN and the knowledgeable (and determined) investors on this board showed him up for the d*nkey he is will not have gone down well.

Given Vametco is open-cast mining, then it is worth noting it says the following for stage 4 of the lock down lifting process in the link King5shott posted at 11:27 today. As stage 5 is where SA is at the moment with only essential services operating then it would suggest Vametco mining would 100% restart rather than the 50% we've been thinking.

All essential services, plus: • Food retail stores already permitted to be open permitted may sell full line of products • All agriculture and related processing • Forestry, pulp and paper • Mining (open-cast mines at 100% capacity, all others at 50%) • All financial and professional services • Global business services for export markets • Postal and telecommunications services • Fibre optic and IT services • Formal waste recycling

BMN have acquired 302m shares with a value of 1.65p. This equates to £5m (UKP). Our investment in the merger was $5m (USD). Therefore much of the difference falls away in the GBP-USD conversion rate.

The business live section of the Guardian today reports comments below by an economist at AMP Capital saying that demand for steel in China is now recovering - and, from my own looking at the supporting chart which is provided by Goldman Sachs, it appears to now be at the same levels as 2017, 2018, and 2019. I appreciate the majority of our vanadium goes to the US, but normal Chinese steel demand will help global vanadium prices. Also, remember that a few weeks ago one of China's covid-19 quarantine hospitals (an converted hotel) collapsed in a heap, so China will still be looking to increase and implement higher rebar standards.

Shane Oliver (@ShaneOliverAMP)

....but while #China profits collapsed into Jan/Feb...daily/weekly activity data continues to point to a recovery through March. Property sales and steel demand is back to around normal levels
(Goldman Sachs charts) pic.twitter.com/PF1Z2pN0UJ

Why on earth would suspending the share benefit either the company or the shareholders? The company is still doing very well and shareholders just need to it tight and the share price will recover. This is also a great opportunity for new and existing shareholders to top up at bargain prices.

With BMN and Glencore-Rhovan both affected there will soon be a vanadium supply shortage so when production resumes it will be to significantly higher prices and FY20 revenues and profits may be little impacted.

I recall a similar day or two when the Erongo overhang finally cleared. The share price kept falling for no reason then, all of a sudden, the exit trades were published and the share price quickly reversed with massive buying going on that the MMs could no longer supply. I wonder if the last hour or so and the sharp reversal is the end of the recent overhang.

Some massive buying going on now - multiple 100K, 200K and even a 500K buy in last 15 mins..........

Probably worth bringing sphhoy's excellent post back to the first page of posts every time the naysayers try to drive it down to page 2......

Although the original post has now disappeared, I would like to say that I expect the person BMN hired is probably working extremely hard at making the listing happen. All of the BMN management team work extremely hard and this person will be no exception. Walk a mile in my shoes before you criticise is probably how I'd best sum it up.

BBC just reporting that Budget tomorrow will announce the biggest UK spending on infrastructure since the 1950's. 600 billion quid to be spend by 2025. Sounds like one heck of a lot of vanadium strengthened steel is going to be needed in a very short period of time........

The reason BEGO and others can move the price around and relentlessly reduce it is because they can due to a lack of serious and sustained buying pressure. No matter how low the price goes, there are no major buyers coming in who force the MMs to move the price up substantially - and keep it there - through of sheer weight of buying. I'm not talking about PIs buying on a daily basis. This is going on and I suspect there may be even one or two who have net added 1m+ shares over the past 6 months. But in the end it makes no real difference to the MMs - and, in fact, they are quite happy because they've got any such buys seriously underwater by now.

The big issue is what we haven't seen - and haven't since GS bought in - and this is a major buyer who is looking to accumulate 20m+ shares (and ideally nearer 50m). Perhaps they are out there, just sitting waiting to start buying, but there's no real evidence to date. This does trouble me because no matter now much we on here say the company is making $x'000000s per week, no matter how much we on here say look at the wonderful potential of BE, etc, there is still no major buyer who sees this and puts their money to work here. Not one. Anywhere. No major SA investor (who would easily be able to buy on UK market if they wanted to), no Californian entrepreneur, no II, no FTSE/DOW/NASDAQ major wanting a stake.

Hopefully the situation changes soon because unless or until it does then the share price is going to go nowhere. It may go back up to 25p when the CV problems dissipate, but it may also go sub-10p because BEGO and others will look to move it around at will, find sellers, and will keep searching for the point at which they can finally attract a serious buyer or two (tens of millions).

I strongly believe there are interested parties out there and we will attract a major buyer. The energy storage market will grow, the V business will grow and BMN/BE are brilliantly positioned to take advantage of these and eventually someone with deep pockets will see this and be determined to buy a substantial stake, but in the meantime we'll just drift, churn and stay range-bound with a max of 25p. Me, I'll just continue to hold and hold (all spent up so can't invest further....a common problem for quite a few LTH PIs here), get frustrated in the short-term, but remain confident long-term.

Which bit have I got totally wrong? There is an RNS on 2 Nov 2018 saying that Golden Summit had bought 44m shares. There was a subsequent one confirming more purchases. This coincides exactly with the rise up to 48p+. I'm not saying there was no other buyer at that time - there may have been and I'm not doubting you (or that if someone did then they made a handsome profit) - but what I am saying is that it is far more likely that a buyer of 44m shares at this time was the primary driver of the share price increase.

Charlie - who bought 15mil around the end of Oct 2018? The rise up to 48p+ during that period was driven by Golden Summit buying over 44m shares (announced on 2 Nov 2018). They have subsequently increased their holding further to almost 60m shares as of 31 Jan 2020 so have not sold any.

Berenburg (and Gossler)

For me, one of the most significant aspects of today's RNS is that yet again it reinforces the global nature of BMN's energy storage ambitions and capabilities alongside our expanding production for the global vanadium market. Closure of the Avalon/Redt and Enerox partnerships complete in the coming weeks will further reinforce this message.

Johnson is visiting Mologic which is in Bedford. The Guardian article said the new tests would be produced in the UK and in Senegal. Mologic has a major facility in Dakar, Senegal. Therefore it is crystal clear that this contract is going to Mologic not to Novacyt.

Let's not go down the set a high limit path yet again. If you have bought your shares through one of the main nominee brokers (i.e. through InteractiveInvestor, HargrevesLansdown, Halifax, AJ Bell, etc) then these providers have all confirmed over and over again that they never lend shares for shorting. Therefore putting a high limit sell order on is a complete waste of your time because these shares are never going to be loaned out anyway.

Thanks, Nick. Your explanation has allowed me to read up more on the method so I've hopefully got a better understanding.

I recall that when we purchased Vametco the accounting rules relating to how revenue and profit (and, I presume, costs) were treated differed depending on our level of ownership (I think it was to do with when we were just largest shareholder versus when we had a controlling majority shareholding, but that may be wrong). Given BMN intend to take a less than 50% stake in companies through the VIP program - including Enerox - and bring in other consortium partners I'm guessing something similar will apply here, so please can one of the accounting experts out there (Nick, knuttie?) outline the accounting expectations we should have for these VIP investments and the deals agreed by the companies we invest in. Thanks in advance (and apologies if my recall is plain wrong!).