Member Info for UncleJohn

UKSteve, I too am much more interested in the way forward as opposed to the history which we know (and I doubt there is anything lurking). Indeed the 35 day maintenance shut down was known to be coming and is all part of the gearing up for the enhanced production levels. I don't think the loss from this will be nearly as bad as some might think as they will have been able to sell from existing stockpiles. Quarter 2 should be a major advance.

jam2morrow. I would definitely expect an RNS tomorrow. The only question is the extent of the discount given that comparatively ATM is a very small company as yet. Again a price that you pay for getting in early.

jam2morrow-you aren't alone, it is the second time recently I have topped up with a raise of funds later the same day. On the plus side my ATM holdings are well in credit and £10m will definitely help speed growth in production/profitability and enhances capital base, so overall a good time to do the raise, and more jam tomorrow.

The general nature of posts shows that many are frustrated by the lack of speed of development. I have no doubt that Fortune himself is frustrated that things on the Be side can't get into gear quicker. Factually I agree with BBN's opinion that BMN is actually in the strongest position it has ever been, and ultimately as I have said before the fundamentals will be recognised.
On the comms side it is fair to say that AIM shares and in particular oilies and miners thrive on RNS's. BMN has latterly been deficient in this regard. Save for the short lived strike issues, there have only been 2 RNS's of substance since the final results in February, both relating to Enerox as opposed to the BMN business. AIM shareholders need reassurance that all is going o.k., even if there is a degree of repetition. It is not legally necessary BUT regular RNS's do make a difference.
Fortune please note.

Thanks for the summary Westie, as far as downside is concerned, whilst I have no doubt finance can be raised the big Q is at what cost to LTH's. i.e. the extent of the dilution of our investment. One good factor in this project is that compared with many projects the timescales are relatively succinct and EML is in a favourable jurisdiction.

Sanchez, I agree with you. Indeed nearly all the readers/contributors to this BB know that the mega increase will happen it is purely a question of "when". In all things, perception tends to lag reality, and thus LTH in the know are far in advance of the general market both PI's and II's. In BMN's case this has been truly exacerbated by 2018, where the spike in the Vprice and the SP led to a lot of losers inevitably. This has been further exacerbated by the Vprice through 2020 and, although I'm not actually sure by how much, the negativity and perceived infighting on this BB. At some points it has seemed like a war between the rampers and the derampers each having their own agenda plus some very knowledgeable posters who have been shot at by the derampers. All this needs to get through "the system". My gut view is that we are at the very tail end of this as there has been noticeably less controversy over the last few weeks and much more by way of constructive dialogue, posting and learning. Long may it last. As Alfa and others have said on many occasions the fundamentals of BMN will win in the end. I am a fundamentalist.

Floyd 81. Thanks for the link to the Terry Perles interview. Whilst he hasn't historically always been right with regard to the price direction of Vanadium, this is a very good interview , based on the overall development and where we are actually at for vanadium in the fairly immediate future and I would commend any of the contributors to this BB to listen to it.

Hi Ecologist, whilst I accept that it is relatively small beer, the principle is more support for VRFB's and that has to be positive, even allowing for the fact that Mustang are getting there via a reverse takeover.

The RNS this morning of the investment by Mustang in Enerox is really good news and I am surprised that as yet the market hasn't taken on board the importance of having Mustang on board as an investor. Whilst I think we were aware of the possibility of this happening, to see it in black and white in an RNS is excellent, and just further endorsement of the route BMN have been going down.

Mikinaman, maybe, but I have been pleased to see a lack of trolls. Hope I haven't spoken too soon!

Dumbpunter. I agree, and add in the arrangements with GALP and I believe you have a winning hand. GALP have the financial muscle to see this through and would not have gone as far as they have without significant economic and financial due diligence. This gives me significant comfort.

Every mining project needs to raise funds if it is to make headway, and for a smaller miner such as Savannah placing is the only realistic way forward. Placings need to be done at a discount, and a minimum discount would have been 4.5p. Therefore whether the placing is at 4p or 4.5p over a period of time makes little difference. The main point is how long the cash will last and whether it will be spent wisely. I hope so. I topped up this week at just over 5p so I have every right to be miffed, but that is just the luck of the draw. I am happy as SAV was always going to need more funds at some point and now we know it is fully funded for some while. I just want to see SAV crack on and get to construction to take full benefit of the Li market in two years time. Investment is always about temporary setbacks. Today is an even better entry point.

Hi FB. I agree with you 100%. It is unfortunate that with AIM co's generally (i.e. BMN is not unique) lack of RNS/News = Drift in sp and drift in sp = disenchantment. Simple as that. The BMN fundamentals are still 100% intact and actually get better by the month, too many people are too impatient, and would be better off putting their money on the 3.00p.m. at Kempton!

Excellent to see James has got 30 Recommends for apologising!

Westie, FWIW it may be that Graham has lined up another finance guy as he knows Haydn's interests are elsewhere and that Haydn wants to be relieved. Time will tell, it would help to have a statement from Haydn.

Alfa- the only point I would add is that if FAR can't get the financing (and it is an enormous sum) it won't even matter how big or small the potential resource is. BMN has the finance to upgrade kilns and more.

A12Dy, this shareholding list is so out of date to make it totally useless. Whilst I haven't got a more recent copy I know much more upto date copies exist for those that are interested. I can't actually remember who compiled the list.

Make hay while the sun shines! It's been a long summer. It is clear that since 11th Jan sales have significantly outweighed buys, and this is totally contrary to what we might have thought given the Vanadium price. However it is what it is and I agree that we will very shortly see a major rerate. We had exactly the same comments 4 months ago when the sp was 9p. FYI I have invested in a couple of other mineral developers over the last couple of months both of which have doubled in price. Basically they have been the flavour of the month. Times will change and they too will move into a stagnant period with downward drift. It happens to all shares and you just need to be patient. I agree it is easier said than done. Best not to sell anything unless the prospects for the company are poor. That is not the case with BMN in the foreseeable future. DYI research as always, but it is not difficult with excellent contributors to this BB alone.

Nonegs, a few thoughts for you.
1. Running winners and cutting losers I have always found to be a good bet. There are many times I have hoped that falling shares will rebound, only to be disappointed.
2.Whilst I wouldn't put all my eggs in one basket, limiting yourself to circa 10% in one share is far too restrictive. Suppose you had invested in Tesla or Apple many years ago.(Apple being one where I always regretted selling shares far too early. My largest holding is circa 30% and I am comfortable with that, as whilst it isn't great at the moment I am 100% convinced in the investment case. i.e. it will come good.
3. You obviously have an appetite for risk, since otherwise you would not have invested in a company, whose major asset is in Angola, hasn't started mining and is proposing to build a plant, but hasn't yet found the cash to do so. I invested in PRE recently and see 100% return, but it only represents a small % of my portfolio. How much risk do you actually want?
4. Thus personally I would let the upward trend continue, but there will come a time when this share goes into retreat for a significant period (basically the unloved orphan stage), and there is little point continuing to hold even though ultimately it would be a good investment. The trick is knowing when you have reached that point bearing in mind it is often only possible to see the top in hindsight, although I am reasonably pleased with my decisions in that regard over the years (excluding Apple)
5. DO your own research, make your own judgements, all depending on the amount of risk you are prepared to take at any one time. Hope this helps (a bit!)

JD. I don't disagree it is part of the issue. As always there are no absolute answers. The good news is that whilst I can't predict exactly when it will change, the increase in V price alone will sooner or later make it irresistible to Buyers, quite apart from any other RNS's. It wouldn't entirely surprise me to see it lasting until the next trading statement. AIM co's thrive on RNS's, although I know there are those who think BMN RNS bring opposite results, and I agree they have in the past.