Member Info for UncleJohn

Bolgas... says it all, a lot of gas and a lot of bolxxxxx!!!

Bolgas, where's the evidence that Q2 is going to bring bad news! Only a doom merchant would say that. Q1 was not very good but everyone knew that. Everyone knew that the results were going to be bad. Q2 has just finished and will have benefitted from reasonable v prices. Qs3 &4 will be even better

Posters on this BB frequently claim that the lousy SP is due to an ongoing institutional seller. The facts don't really bear this out. Taking the latest figures available for shareholdings being 28th May (see Bushveld website)At that time the five largest PI platforms, HL, II, Halifax ,AJBell and Barclays wealth accounted for 55.65% of the shares. A month earlier they accounted for 55.15% of the shares. i.e. only half of one per cent, which equates to just under 6m shares, i.e. a difference in value of barely £1m, and that was at the price then. The conclusion therefore is that it is an excess of sells to buys by PI's. Basically lacking patience and conviction.

Used to be called "back of fag packet" but with less smokers I don't know.

O.k. You are a FAR person, don't bother with the BMN board

The most important part of Hayden's tweet which I agree is only words, before someone else does, is his comment that Investor interest is really picking up now. There must be some substance to this, unless you believe him to be disingenuous, which I don't.

Personally I would have said a very good buy in/top up price. Everything appears to be going in the right direction. DYOR. This is not a recommendation to you merely my opinion.

FWIW, I am 100% in agreement with you BBN. Indeed it is not a very difficult conclusion to reach not that I in any way denigrate your work. Keep it rolling. Unfortunately many BMN investors have been caught with losses and have not had the patience to let all the issues unwind. Therefore, proof of the pudding hard numbers will be needed by many and indeed the Q2 results themselves may not be sufficient. As always with investing if you wait until all the ducks are genuinely in a row you will have missed the boat.

LB21 Look at the RNS dated 4th Feb 2021, dealing with resource update. Iron ore has never been split out as such because Bushveld is a vanadium company, but the vanadium is extracted from the iron ore currently at Brits but there is also Mokopane a vast resource that hasn't even been touched yet. Pro Rata the value of vanadium far exceeds Iron ore but the point that was being made a little while back was that even allowing for all the costs of extraction the iron ore alone far exceeds the market capitalisation of BMN. Obviously this was less true when iron ore prices were much lower. Hope this helps you

Frankly all people can do is speculate, this doesn't actually get anyone anywhere. all we know is that BMN is massively undervalued, BUT until there is a massive change in sentiment so that buys consistently significantly outnumber sells nothing much will change. Will it ever change I hear you say. Yes, most definitely and fast. When ? Only once the financial results demonstrate the profitability and/or there is a very significant Escom announcement involving BMN. I will sit tight. Indeed the longer it stays at this price the greater the chance I have of further increasing my holding as other funds become available.

you can get 100k at the moment at 15.77, to all intents and purposes exactly the same as when I topped up 200k yesterday

Jl has his opinion I have mine, both are legitimate. Investment is about years, not today or tomorrow. Lets see how things are in 12 months time. Protesters have always existed for every change in life. Ultimately common sense will prevail. Lets just drop this somewhat useless thread of emails and move on to something else.

UKsteve, I acknowledge there are the Orion CLN's, which Orion will want to convert at some stage, obviously your guess is as good as mine but Orion are very savvy and in my view will want to see a decent profit. One way for them to "have their cake and eat it" is to convert over a period of time so as to maximise their profit whilst at the same time providing cash for further loan projects. They certainly will not convert for some while as it would negate the profit element. Orion plainly did extensive DD on BMN like many LTH's and know what is in the pipeline. Hope this helps.

One thing is absolutely for sure and that is once the sp starts going up properly it will go up far, far quicker than it has drifted down, merely because it is in such an underrated situation. So the sell now, buy back later brigade at this point have a very good chance of having to buy back more expensively or elect to miss the boat altogether.

Faramog, if you want to sell Interactive Investor just now would give you 15.1 for 100,000 to sell. So what I'm not selling.

It reduces Acacia's holding from circa 60m shares to circa 45m shares, so the market has had to absorb 15m shares over the last 6 weeks which explains some of the general downward movement as the MM try to shift them.

As you can see, BE has not actually commenced the electrolite plant construction yet, it is in the procurement stage and they are only intending to sign the lease for the siting of the plant this quarter. It is good that it is progressing but commissioning in H2 2022 is some way off and inevitably that is before slippage on a project in construction terms that hasn't even begun. Overall I am happy with the RNS as going forward production will increase significantly, the vanadium price will go up and the mere fact that there is no mention of Lemur means that they are trying to divest BMN of it.

BTB, you are somewhat cynical of the RNS, and with some justification in that similar projects appear to have gone nowhere, it is always pie in the sky. However one day it might just work!!! Added to which, and this is important there are upside revenue implications. Even though these may not be mega they are much better than a kick up the backside. So all in all a good RNS and I am not cynical. As for my Nano shares I am just sitting on them until D day whenever that is but I agree with your point about Samsung doing everything in their power to whittle down the sum and to prevent it becoming payable. I am confident Nano will win.

Given the state of the markets generally today, the reduction in sp is nothing and the volume is incredibly low. Nothing to worry about. Indeed it is a plus sign as far as I am concerned that in the main the SH know that they are sitting on gold (sic), maybe nickel would be more apt!!

Fizzydrink, clearly you have made a loss having bought when the vanadium price and shareprice were much higher. That is not the BoD's fault it is your greed in hoping that the sp would rise higher with a further spike in the vanadium price, your bad judgement. obviously I am sorry for those that are in a loss situation. If you have lost faith in the co and the BoD the answer's simple sell and try your luck elsewhere.
I too am underwater here and will be for a little while. The difference between us is that I can see how the BoD have strengthened the company immeasurably over the last 18 months, even though currently this isn't shown in the sp. I remain a holder and still firmly believe that this will all come good. Obviously you are entitled to your opinion but it really ought to be backed up by facts, rather than a swipe at the BoD.