Member Info for TrevorBrooking

Looking like the new tariff of 30% means there's no coming back for this

TGTD - for every Tesla there has been a thousand failures, I don't fancy SYMEs chances of being that one in a thousand. With hand on heart, can you honestly say you do?

Can kicked down the road a bit further enabling AZ to keep taking a salary, where's the update on business & revenues? Surprise surprise there isn't one because there isn't anything to report. This just appears to be a vehicle for AZ to line his pockets at shareholders expense. How gullible can people be? It's the hope that's the killer. AZ must be laughing his head off.

TGTD - you remind me of a drowning man swimming towards a life buoy, only to discover it's a mine.

Tgtd - so with a cash burn of £3m per year and lets say a 1% margin on funding deals, we're looking at £300m of deals to get to break even? Doesn't seem likely anytime soon to me!

Many thanks Manlord, information like this is so valuable to this community.

Dusty,4Kandles - for everyone's sanity can you please put this feud to bed and keep your posts to discussions re EEE and not each other, thank you.

Can't believe the village let it's idiot out twice!

Don't know what Happy's smoking but I think the clue's in his name.

The lunatics have escaped from the asylum today...

72, I suggest you do more research.....a lot more research!

Are people really still buying this? Madness....

No! Shareholders will end up with nothing as per usual.

I suspect this is going the same way as RTOP

It didn't happen quickly. For getting on for two years now myself and other posters were giving warnings but were drowned out by those who were desperate for their investment to succeed. Do your own research and don't follow the herd is a lesson to be learnt for many here.

Monsa, you are making yourself look very immature, grow up.

Not sure they're going to have a choice, what are they going to do, sue? Even if they win they won't collect any money as the company is effectively bust. It's a lose/lose situation.

I suspect institutions will accept their losses. They have already demonstrated they are not prepared/able to put any more cash into it, why would they when the business continues to make losses and no significant increase in V prices on the horizon. No point throwing good money after bad, would you take the risk?

No longer invested, got out a long time ago and was ridiculed. Pop in here now and again to see what's happening, very depressing. Hopefully some people took on board my prediction from well over a year ago when price was 2.8!

TrevorBrooking

Posted in: BMN

Posts: 1,124

Price: 2.80

No Opinion

RE: Loving Life & Mokopane27 Jun 2023 08:06

Coffeecups

My thoughts for the future:

I believe that production costs are still in excess of selling price (remember that prices have fallen by approx 14% over the last 6 months). Whilst they gained a cash benefit of around $8m due to selling down inventory, this will be eaten up in the current financial year by excess production costs. Where is the cash coming from after then? Another cash raise/dilution? Or sold to the Chinese on the cheap? Personally I think a sale is unlikely, there are too many PIs holding shares that will be unwilling to crystallise losses (after all they tell you only lose money when you sell).

Clearly you can only carry on loss-making for so long, although they do seem to have made a bit of an art of it over the last few years. This will only cease on significant price increases in vanadium. Despite all the claims that demand is/will exceeding supply in the market place, this is not feeding through to pricing. Is this due to a slower uptake of VFRB than anticipated? My take on it is that rise will come at some point, but this may be several years away and be too late for Bushveld. To my mind this is the biggest single factor in the future of Bushveld, and for now the pricing is going the wrong way.

Electrolyte - I see that as a white elephant at present, you would have thought that given it is about to go into live production that some sort of selling contracts would have been announced, we have heard nothing to date.

Mokopane; this has been mothballed having been bought at a cost of $68m. Part of this cost was provided against last year, I suspect the auditors will insist on further provisions going forwards. Although this won't have a cash impact, it will significantly weaken the balance sheet and therefore the ability to raise any required funding.

Doesn't sound like that AI software you were telling us people were paying £10s of thousands for is working too well!