Member Info for UncleJohn

Alfa, does this just not reflect there is a large sale to be reported later?

no problem buying 100000 at 9.25 just now (dummy) with ii, but could have.

Remind us for which TV programme are you the script writer!

As someone who posts irregularly , I will try to answer your query. The value of the company is way in excess of today's close by maybe as much as 200%. The reason I can say this is because the profits that the company is making in its existing guise of vanadium miner at $1m dollars a week are not remotely reflected in the share price. Even now after China has been significantly affected by CV, the vanadium price is still more than 25% higher than in November. China is now getting back to work again and Vanadium is needed for all steel products for strengthening. Thus even without taking into account Bushveld Energy, the sp is ridiculously low. Why is that? The fundamental reason is that there are a large number of pi's in particular that have got wet feet and have been bailing out because of CV, and maybe a worry that the effect in the rest of the world is going to be much worse than in China. BMN is not alone in having its sp marked down. Even major miners have lost more than 25%. Today would have been a good day to increase BMN shareholding but, and this is important I think the LTH holders here in anticipation of the growth that will undoubtedly come have already fully invested their savings and have little more to invest. Hence supply of shares for sale exceeds demand as evidenced by the large sales yesterday reported today and yesterday . Therefore we need a load more investors who can see round the corner. I like many LTH have not sold a single BMN share whereas I have sold others. Why? largely because I agree with most of the other LTH that the best is yet to come. I will be buying more. Many years ago I sold out of Apple way too early and have regretted it ever since. To quote Warren Buffett "Be greedy when others are fearful". Never was this more true. CV will pass and progress will continue. VRFB's will come to fruition and be largely vanadium, and BMN will thrive. At the end of the day make your own judgment and DYOR, but I know where I stand.

How genuine is this RNS. It is neither on LSE nor on Nanoco's own websire relating to the sale?

FWIW, I can currently buy 200,000 at sub 20p.

barchid, this is a really good opportunity for a private equity co to pick up the pieces very cheap, perhaps one of the ones they were talking to. The co. is currently in a very weak position. Do I buy or sell?

Mokopane is the most welcome bit of news in the whole update. It has been "imminent" for years, it is the key to future development of BMN. It gives BMN the wherewithal to service the needs of BE as that side of the business grows. I am surprised that more people haven't commented on it. Whilst we all hoped there would be no problem it is now well and truly tied up. That alone should have sent the share price roaring.

JD must have known that the new agreement was just about to be completed at the time of yesterday's RNS, and he must have known that yesterday's RNS would have a significant adverse effect on the share price. Thus he should have ensured the RNS's were issued at the same time and failure to do so must constitute knowledgable manipulation, i.e. it cannot be construed as an accident.

Whilst the target price was dropped it is encouraging to note that it was the only one of 8 miners reviewed by JPM Casenove to be put in the "Overweight" category.

FWIW, the 100k transaction at 13.21 at 23.2 was a buy not a sell. I know some people get excited by such things!

I largely agree with you James. Excluding tech companies AIM investors want to see increases in profits. Investment counts for little. I too am underwater with an average of 30, but I am sanguine because I know the investment will increase in value, it is merely frustrating that it is all taking longer than anticipated 6 months ago because of the continued downward trajectory of the vanadium price, which could well now be bottoming out meaning an increase relatively shortly which will trebly benefit BMN together with higher production at Vametco and Vanchem quite apart from anything on the VRFB side.
Patience another few months I think. In the meantiime there will be a gradual drift upwards as those in the know buy in expectation. At the moment there are just too few buyers but that can change overnight.

Barchid, I agree entirely. With no information as to what is happening with the company there is absolutely no reason why anybody should buy and hence the continual slide. We used to get fairly frequent updates on new wins. Nothing for months. Does this mean no new business wins. What is the company actually doing?

What exactly is Terry Perles stance on where the V price is going now? He clearly was a mile out earlier in the year.

I doubt if they are director buys. My view is that it is a bit of internal reorganisation somewhere. If they had been open market buys it would have had a far greater effect on the sp and it is unlikely from a timing point of view as well

Excellent news Pdub long may it stay that way

RK-whilst I applaud your inquiring mind, there is actually the small matter of the cost of getting it out of the ground, but I expect we could manage with a few strong lads!!!

One thing that is crystal clear is that there needs to be a full RNS, preferably from ME saying just what is going on. I have read the RNS and the original one several times and frankly as a lawyer I could interpret it in a number of ways. If this is important enough to merit a share price fall of 75%, shareholders need to understand the full ramifications. For instance the extension belongs to Nanoco and will not be knocked down. Is the land on which it sits freehold or leasehold? If the US Partner does not require it for the manufacture of nano materials for the US partner(and I am not sure that is the case), then the US partner should have no problems with it being used for other purposes to mitigate loss. The implication is that it is the further research contract that is at issue BUT I really am not sure and it really would help to have full clarification as to whether this US partner is going to start buying anything or not!!!

See my post at 20.14

Whilst it is easy to be jubilant on this decision unfortunately as a lawyer I don't think it is conclusive as the Court didn't look at the merits of the case they dismissed the case on the basis that it hadn't been properly presented. This leaves the door open to a rerun of this issue at some later date, which is precisely what we don't want. The Court said there could be no appeal, fine, but they did not say a fresh case couldn't be brought. That is my reading of the translation.