Member Info for SquirtyFlower

Ha, ha. Probably, rinse and repeat. The day they only get 1 share for their 89p will be a good one.

Well, if you'd turned your 80p investment into 89p wouldn't you be locking in that 9p profit jut as soon as you can so you can move on to your next big investment......

The end of day uncrossing trade went through at 23.9p so this is today's official closing price.

....and yet they still make little impression on the share price. Tells you everything about where the MMs see the price going.

Yes, they threw a number of 25k/50k/80k sells in from the start and yet they had minimal impact and the price has started to move up again. A definite change in momentum here and those trying to hold the price down must be getting worried now.

The positive thing about the UT being at the lower end of the spread is that it makes it easier for tomorrow to be another blue day :-)

And because there is zero trading commission and, in the case of BMN and others, zero stamp duty then app users can simply invest all the loose change in their trading account into buying very small amounts of shares (or even just 1 BMN share if you were down to your last 22p today).

Whether we give it away (my preferred option) or sell it for a nominal amount, I don't really care, but getting rid of it before the JSE listing/main FTSE listing would be good so that there's no excuse for potential investors to be put off by any 'dirty coal' legacy attached to the company.

No need to pitch to them as they are already invested (or were). They are the asset manager behind First Island. See TR1 RNS from 1st Oct 2018.

Total, utter garbage. Such an arrangement would be corruption and if you knew anything about this company - especially FM - then you will know it is not corrupt. In interviews, FM has always taken the view that while he thinks the sp should be higher, he accepts it is what it is and reinforces the messages about work being done to develop the business and the vanadium market in dynamics rather than just trying to pump the share price with trivial RNS after trivial RNS.

I said last week that there seems to be a recent mania among a few on this board that BMN sees itself purely or largely in South African terms and that it is primarily interested in SA markets and politics e.g the JSE listing and SA investors are the primary objective. Nothing could be further from the truth. BMN's current main market is outside SA (in fact it barely has an SA market at the moment) and it is investing in Enerox and Avalon/REDT which most definitely do not see SA as their main markets. Yes, the vanadium resources are in SA, yes we are investing in the electrolyte plant in SA, yes we are going all guns blazing to win on the BESS contract, and yes we will list in SA. However, the company's business today and ambitions for tomorrow are global and FM is not going to toss all that away for the sake of something you outline as a local SA stitch-up with a strong whiff of corruption.

Just taken a look at their website. As you say, they execute trades from 3pm. The key thing is they charge zero commission for these queued up trades so what it looks like (from their community pages) is that investors just throw their loose change at shares that also attract no stamp duty. Do, if you've got 20p left in your account after buying Shell or BP or whatever then you can use it to buy 1 BMN share today.

This article is from 24 Aug 2018 so is old news (if it actually happened or just turned out to be cheap politician talk).

Bid and ask seem to be moving around much more than we've been seeing....suggesting the MMs are finally interested in conducting a genuine market instead of killing it. Wonder why? Oh, silly me, I forgot the V price is going up and we've got lots and lots of revenue and profit generating plans coming to fruition over the coming months.

Yep, completely agree. ELIDZ is proceeding just fine - FM/MN have this under control, it doesn't need to go faster and I'm sure construction payments will be contingent on different phases of completion (as per typical building contracts) and in line with our cash flow plans/expectations for the next 12 months or so. All-in-all, it is yet another example of FM running the business well, understanding the necessary timeframes for each development/investment, and delivering what he says.

Alfa - not sure it can be 150m being sold down. Orange Trust were one of the placees then and they hold 69m shares (as of 31 Jan according to the BMN website) which suggests max of 80m held elsewhere. Interestingly this is up 5m from the 30 Sept 2019 number given on page 33 of the 6 months results to June 2019 presentation on the company website so they picked these up from somewhere (e.g. off the VanEck selldown or from elsewhere (I see the Acacia holding fell 7m over the same period so perhaps there). Still, wherever they got them from, it shows they are still very keen on the investment if they have been adding.

Separately, there was a comment on one of the earlier threads about ELIDZ plant not completing until later this year and so this could mean Avalon or Enerox acquiring their electrolyte from elsewhere. Well, yes, clearly if BE can't produce it until late 2020 then they have to go somewhere else in the meantime, but remember the RNS announcing these deals also makes clear that BMN gets right of first refusal to supply their vanadium based products so I'm sure we'll jump in to supply once we can.

No, there is no chance whatsoever the company is thinking of doing this. The JSE is not a major exchange and no company that has serious long-term plans is going to move off the London markets to Johannesburg. I appreciate AIM can be a bit of a wild ride, but plenty of companies make a success of it and either remain or step up to the FTSE in time and BMN will do the same. Being on a London market gives access to a much larger investment and financial community (both II and PI) and gives far more credibility and access in attracting the sort of global investors we are looking for as we become a global business. FM/MN are smart people and they know the Johnnesburg financial markets are distinctly second division stuff compared to London. That's not being arrogant, just reality.

There seems to have been a bit of a mania on here recently that the the company is looking to become more and more South Africa centric when the exact opposite is true. FM knows the SA economy is in poor shape, that Eskom is a basket-case, the corruption, nepotism, and vested-interest are rife there. Of course, there is opportunity for BMN there - not least being local with obvious ES needs - and so he's not going to turn down the chance of working locally. However he also knows that most of BMNs revenue and profit comes from outside Africa, the market for Energy Storage is global not just SA and that is why he is partnering up with Avalon and Enerox and continuing to look globally for VIP partnerships so he is not putting more and more eggs in the SA basket. Building an electrolyte plant in SA makes perfect business sense given it is in the same country as the mines and because it helps keep the SA govt sweet, but his and the company's ambitions are global and go way beyond keeping a bunch of two-bit corrupt SA politicians happy, rewarding South Africans for the sake of it, or just wanting to become a large fish in what is still the very small SA pond compared to the ES revenue and profits on offer globally.

The main thing we now need is one or more major buyers of the shares. The company financials are excellent, the vanadium market is picking up - both demand and pricing - and our production will be expanding 3-fold over the coming few years, and we have outstanding prospects in the rapidly growing and 'hot' energy storage market. All we're lacking is a major buyer or two - IIs, seriously high-net worth PIs, funds, even another company which wants a significant minority stake (an oiler?) - looking to take 20m shares+ and we will move up very fast. The last major buyer was Golden Summit and we saw what happened to the share price on the back of their 50m+ share buy-in. Indeed, although it was only briefly (a few hours), we did see the share price move up a penny or so when RK and PatBePat (sorry if I didn't quite get the nickname right here) had little buying splurges recently so it shows what even a little buying pressure will bring. Given the financial strength and potential of the company, I struggle to think there is not a single well-funded player out there seriously looking at BMN and, sometime soon, one or more of them is going to put their money to work big-time here.

Sorry, wisha, those numbers are just wrong. There have been 24K infections in China not 24K deaths. There have been 439 deaths according to the BBC.

Cracking estimated increases in operating profit, EBITDA and earnings per share from Vametco and Vanchem over each of the next 4 years! Appreciate this will only be part of the BMN/BE story by then, but I fully expect other parts of the business to also be generating additional profit and earnings by then. Those who invest on fundamentals only ought to be salivating at the EPS growth potential here.....and piling in as a result!

Yep, a typo....the essential point is just crank the handles as planned at Vametco without any change to V prices and $30m gross profit appears for FM to use to grow the company further. When folks keep that at the forefront of their mind and not get distracted by the day-to-day chatter then BMN remains a straightforward and comfortable investment even if some folks are temporarily underwater based on their buy-in price. At some point, enough of the market will notice this too and the share price will move up closer to fair value for the assets and potential being developed here.