Member Info for TrevorBrooking

He won't do that until they don't have the cash to pay his salary anymore.

Add in finance and admin costs then you are losing money!

Wildtiger, I think you need to question the output of your AI model! It needs a bit more I

wildtiger

Posted in: BMN

Posts: 2,208

Price: 1.025

No Opinion

Added more17 Apr 2024 11:19

Bought another 2m shares since yesterday, thank you sellers!

The bigger issue is, even if cash was found now, which for what it's worth, I think it will be, they are kicking the can down the road. Costs are higher than the price they are selling for and there is no sign of a recovery in V pricing. It needs a sudden and rapid increase in V pricing, and I don't see that happening. Stakeholders/funders at some point are going to want a bigger slice of the pie, ie a controlling equity stake rather than a loan note, and at that point it's game over for the shareholders here.

Dbh1956dbh, quite the opposite, I feel sorry for those that were taken in by the narrative on this board. I and several others continually warned of the red flags in financial statements, RNSs etc but these concerns were laughed off by the "experts" who had another agenda...

Sub 1p incoming?

"· Although both Empire and Century have made it clear that the titanium mineralisation discovered at Pitfield, hosted within the bedded sedimentary bedrock, was not classified as Mineral Sands and thus formed part of the existing JV property, the consolidation of all minerals under the JV prevents other potential third parties in the future from exploring for other minerals and allows for the continued and unencumbered development of Pitfield.

· Under the amended agreement, Empire has secured a redefinition of rights at the Pitfield Project, to 70% of all minerals present regardless of their physical or chemical nature, for a consideration of A$250,000 (approximately £129,000). This investment is aimed at continuing to create value for all shareholders.

Dim figures, made up? Figures lifted straight from the director's report. I think you'll find the "other folk" were laughing at you Faramog, but each to their own.

Faramog, far from a broken record I think I taught you something last week!

faramog

Posts: 7,496

Price: 1.175

No Opinion

RE: Bottom Drawer11 Apr 2024 11:18

Well @TB .. lets see your calculation for $40 AI costs then ... because I don't recall that ever being the case

TrevorBrooking

Posts: 1,062

Price: 1.175

No Opinion

RE: Bottom Drawer11 Apr 2024 11:46

Just for further clarity Faramog, if you read the Finance Directors report in the Dec 22 stat accounts (last available) you will see that all in sustainable costs were $43.7. Yes, the business is slightly different now, but not that much so I believe $40 is a very reasonable assumption.

Faramog, when people post misleading comments like "Are we bovvered , given the prospects get brighter all the time" I like to present a more realistic future scenario, given that potential investors may be reading this . The prospects have never been worse in my opinion. I fully accept that everyone has their own opinion but lets consider all possible outcomes!

Knutsford, you should be "bovvered", very bovvered. V pricing is showing no signs of recovery, quite the opposite in fact. How long can the company continue to operate for before the funding runs out? What will come first, an rise in V pricing that makes production economically viable, or administration/buy out? A pure gamble with the odds stacked against you at the moment.

Just for further clarity Faramog, if you read the Finance Directors report in the Dec 22 stat accounts (last available) you will see that all in sustainable costs were $43.7. Yes, the business is slightly different now, but not that much so I believe $40 is a very reasonable assumption.

Faramog, please check my post of 03/11/23 and if you disagree please provide your calculations.

Breaking even? No chance. Last advised cash production costs (Q4 23) were $27.3, this doesn't take into account all the indirect overheads and financing costs, total cost will be nearer $40 all in.

Surely all those companies that paid for due diligence must be wanting their money back by now?

The truth? Like your claim that 88E was going to go to 4p this morning? Idiot

Ikhan, you represent everything that is bad about these boards, you are full of cr%p. Please take your immature posts somewhere else

Fireblade, did you read the RNS (less than 2 weeks old) - the biggest risk is that they run out of cash in the very near future?

Gobushy, I wish you well with your investment but fear the worst. Bushveld is currently losing money hand over fist and there is no sign of a recovery in the V market, quite the opposite in fact. Loans, sale of assets and lines of credit will only last so long then it's game over I'm afraid. This is a pure gamble on V prices and it's not looking good at the moment.

My point was not so much the content of the filing, but why bother if it's about to be struck off?