Member Info for UncleJohn

The maths is getting trickier but I will run with C) again.

I will run with B) this time, which albeit in 2030 is still in excess of 10x existing annual production. UncleJohn

Go on, tell us, I think C)

Go on, tell us, I think C)

Mokopane- that's great but do we know why they haven't got the Licence yet. As soon as the Licence is in place I think you will find it is all systems go

Mikinaman. To answer your question they like the click of their fingers on the keyboard, and have little better to do. They are impervious to the views of others who have asked why they are wasting their time. Poor lonely souls!!

It is actually extremely bad publicity for a country in the EU to be behaving as if it were a former soviet union colony where fairness and democracy are controlled by the state. Wouldn't encourage me to set up my next manufacturing plant in Poland whatever the grants.

Headancer. WOW!! As LTH's we know this, but from an educational point of view, the article puts its finger on the pulse as to why the SP should be 200% higher already.

Excellent news for both you and Claire, just try to have a relaxing evening, and may her recovery be speedy.

As far as I can understand it from reading the Hot copper website PDZ have gone to international arbitration against the Polish Government claiming 8-10 billion Zloty (£2Billion) on account of polish government delays on giving consents on the 2 mining projects. Obviously DYOR but I suspect that it is probably correct in generality, but obviously will take months/years to play out. I don't think the fact that PDZ have instituted litigation proceedings necessarily requires a RNS. It is just part of the ongoing shenanigans with the polish government, who as far as I can see have been trying to run the clock down against PDZ to enable JSW to buy the mines more cheaply. As I say DYOR as nothing is 100% clear. The market obviously supports the move, and I do too.

RichKen, hard not to agree. The fact is that a lot of the AIM investors are the get rich quick mentality, and when a share doesn't go in the direction they want they lose heart very quickly and totally ignore fundamentals. Hence a load of smallish sales. That is largely why private investors are habitual losers on the stock exchange, as whilst they may call it investing it is actually betting in all but name. AIM co's thrive on the anticipation of a positive RNS and in the interim drift for the very reason I have referred to above. Patience will reward the patient. BMN is not alone I have exactly the same issues elsewhere with PI's failing to understand the inherent strengths of the relevant company.

Thanks RichKen, good to be reminded just how much has happened in a week, and notwithstanding what some might think the share price has not tumbled s far as numerous other AIM shares.

Alfa I entirely agree with you I wouldn't be on it if that were the case, I can assure you.I am 100% satisfied that the driver has a well planned route map and has passed all examinations, and whilst there may be one or two potholes in the road, nothing to get uptight about. Indeed unlike many buses I believe many of the passengers have done a substantial amount of homework and know the proposed route well. That gives me a lot of comfort.i.e. the driver has more than just a sketch of where we are going. He probably can't tell us the exact time of arrival!!

Pigpen -Everyone has to decide for themselves when to jump off the bus. Some will jump off too early, some too late. Some will still be on it when it crashes. Nobody can tell you exactly the best moment to get off. For one thing luckily we all have different destinations! Although ultimately it will all be the same!!

I agree 100% with Rich Ken. Unless you have sold you are sitting on a paper loss, but you still have the same number of shares. If you have sold and made a loss that was your decision and you should probably never have invested in an AIM stock in the first place. If you bought to make a quick buck, Tough life isn't like that. Go and have a go on the horses. As an investor you invest in companies with good fundamentals and as I have said many times mostly things will come good in the end. As the saying goes "If the heat in the kitchen is too hot, get out" Why not try an ETF. THere is no gain without pain. All generalisations I know but you get the picture. Incidentally all my recent buys in BMN are underwater, but this time next week things might be different. They might even be worse! Who knows. What I am fully satisfied about is that by Xmas the sp will be in excess of that which it has ever been and by a large margin unless there is a global catastrophe (Brexit doesn't even figure for BMN!!).

Daisan- it is true that in addition to a few sellers of 10m shares there is another really large seller, whose sales for some reason have neither been reported as an RNS nor have the transactions been recorded, since otherwise Alfa would not be reporting excess Buys over Sells all the time. Alfa what is the current balance? Short selling is one conceivable answer. Again below notifiable limits.

Rich Ken- you say "most LTH have continued to add through the up and down cycles..." Most yes and I am a LTH who has added all the way, but the point I was making is that it doesn't take much for a few selling relatively small parts of their holdings to comparatively put an imbalance on the sell/buy equilibrium. All the while as the shareholder base expands this issue reduces. All the evidence endorses your screaming BUY advice, and I have no doubt we will get there, and the awaited rerating can happen extremely quickly. Some might just want their yacht today!!!

Zeus, the maths is simple. If you bought 20 million shares at 2p, Originally £400,00, now worth £7m you might consider selling 50% and taking £3.3m profit, still leaving you with 10 million shares, not a bad return. 10 Million shares is quite a lot for the market to just absorb for a co like BMN. Then suppose there are 5 investors in that position, not unreasonable, that makes 50 million shares. Hence why it is taking some time for these to be absorbed by the market. The good news is we have a much wider share base going forward. Basically noone knows exactly what is being sold nor by who, save to the extent that the numbers are recorded by Alfa, but this doesn't tell us who is selling. THe numbers are such that they could quite easily be holders beneath any major interest limit. Hence no RNS. Jam today is better for some than treble helpings of jam tomorrow.

Thanks Alfa for part 2 of your report. None of this has in any way altered my investment position i am very pleased that you got the impression that there is a lot going on. Besides Mokopane, which has already been asked about was there any update on current production capacity and how soon they expect to be running at 3,500mtv?

Alfa, excellent really look forward to Part two, and am really pleased you have had a direct on site view of what is going on that you can share with us. Really useful the brokers have had it too. I guess that's why SPAngel were loads more enthusiastic during the week.