Member Info for UncleJohn

Pdub, glad it's no worse, nerve racking all the same. Always enjoy your posts, so trust you are not out of action too long,Uncle John

Some investors might be perturbed at todays sp. The Q4 results being absolutely fine with nothing to quibble about save for the odd thing here and there. Typically the sp fell, following "buy the rumour,sell the news". Anybody selling today save for admin purposes will look back in 6 months and realise what a big mistake they made, but everyone is entitled to their own investment strategy and some will have wanted to lock in profits notwithstanding that the price will be significantly higher in 6 months time. For me the investment is a cash elephant no brainer for the forseeable future and I broadly go along with RichKen's sp trajectory, but maybe at a slightly slower rate. At the moment I hold several AIM stocks all of which I believe could double within 12 months, time will tell. The only downside is that a number of investors are taking money off the table as has been demonstrated by Hargreaves Lansdown reporting a drop of 6% in assets under administration. If you don't want to be in cash BMN are delivering free cash flow at an accelerating rate and even SP angel are rating BMN a strong buy. More positive RNS's are round the corner. Obviously DYOR but I remain a very positive LTH for the forseeable future and am not in the least phased by today's sp movements, manipulated or otherwise as the strength of BMN will undoubtedly be the winning hand.
Presumably somebody has explained to Fortune the benefits of moving to SETS, as I am sure it really can't be too much of an issue.

Alfa, yes I think that would be a good idea, if you could spare the time

Sanchez, if it is a large seller, why has there been no RNS to reflect a change of 1% ownership? After all currently 1% only represents less than £4.5m shares.

Yachty, I agree Largo are also down and some of the fall undoubtedly is due to the vanadium price, and Largo are to some extent in the same boat, ie. their share prices do not reflect the structural deficit in Vanadium for years to come and in particular with regard to BMN the racheting up of production and BE, this is where perception is way behind.

We are currently in some sort of holding pattern. All the investors know very well that at current levels the share price is way less than it should be. Yet the price is stagnant. The rean for this is essentially the delay in perception over reality of approximately 12 months. A year ago roughly speaking the share price was in single figures, yet the real value was many times that and lth at the time knew this and were preaching it. At the present time we know the value of the business is close to £1, and we are still in the situation of a year ago, i.e. perception is still significantly lagging reality. Raising perception is key to reducing the differential between perception and reality. Whilst the readers of this board are very well aware of the value of BMN and that is a good thing most people are still totally unaware of what Vanadium is, and here I am including investors and otherwise educated people (they may well be two distinct groups!). Vanadium to most at best is "one of those rare elements isn't it?" By way of example the converse is true of Sirius Minerals, which has had a lot of press exposure and is UK situated. THe share price there is far from great,but unlike BMN the money hasn't even been raised to build the mine yet and at best production is several years away. Thus it is really only perception that is holding BMN back and I for one am absolutely certain that the perception/reality gap will narrow markedly going forward it is purely a matter of time and all the expected RNS's over the next few weeks will help immensely and will get media coverage. So be patient a little longer it will all come together, maybe just not quite as quickly as Rich Ken would like, but well within my time horizons.

I agree with the comments you make re Warren Buffet and your own views. I really like the fact that there is accelerating growth in the USA and strong growth in Rest of Europe. These are both enormous markets many times the size of UK where we now have a really strong revenue development line. UK itself is still excellent by the standards of other retailers. I am a LTH and have held since 30p and I am not selling in the near future. I still believe the sp will get to £3 and more relatively shortly. DYOR of course. Cash generation is excellent as ell.

In so far s the RNS relates to Jan Karski this is good news as it removes the outstanding legal obstacle to sale of JK, price obviously still has to be agreed. THe issue on Debrienko still needs to be resolved, but it is in my view less of an obstacle as it only related to not starting mining by the relevant date. PDZ consider that they have a strong legal position here and hopefully between JSW, PDZ and the authorities a reasonable agreement can be reached

A useful confirmation, that removes a potential area of doubt, although personally I hadn't considered it a risk as Solg wouldn't have been wasting money and resources in areas that weren't developable anyway.

By any stretch of the imagination this TU is as good as you are going to get. Great revenue growth continues, whilst margins are improved and cash is improved. Compare all that to ASOS, The high street retailers live on a different planet. The SP can go north from here. Dropping today is absolutely typical and doesn't reflect the underlying strength. As always DYOR

MC1968- Newcomers are 100% welcome. I count myself as a LTH and have learnt a massive amount from this BB, but I still wouldn't call myself an expert! The problem there is is that some who purport to be newbies are actually wolves in sheeps clothing with no positive intention, save to wreck havoc. It becomes obvious which are which very quickly from the nature of the posts/questions. I am sure all on here will help you to the extent that they are able and there is absolutely no reason for you to feel intimidated by the knowledge of others. Good luck. As always DYOR and read the evidence set out on the Bushveld Perspective.

Alfa, thanks for your analysis. There is only one way for the MM to increase volume here significantly and that is a very large rise. Basically the SP at the moment totally undervalues BMN and therefore nobody in their right mind will sell.

I tend to agree with your analysis as it does seem to be what has been happening. The good news is that a big seller selling out will create greater liquidity in the shares, and with the numerous pieces of news due over the next 6 weeks the price is likely to go through the roof, and no big seller will be able to stop this. The one big question I can't answer is why there is a large seller at this point in time when everything is looking very positive for BMN. The only possibility I can think of is that such seller had only acquired in the first place on the back of short term funding which now requires repaying and due to the levels they acquired at they are already making a handsome return. In the long run greater liquidity is a good thing.

UKsteveg. I agree it is often a fine line. Bingo, lottery, casino slot machines are all in effect gambling. Spread betting,,CFD's are more risky undoubtedly than investing in shares because of margins, but there is still underlying knowledge required and an expert will fare better than a novice so it isn't strictly gambling it is a riskier form of investment. The one I find really interesting is horseracing, it is not strictly a lottery as there is a clear notion via the odds system which horse is more likely to win. This is little different from investing in shares and some very large amounts are made on the horses. Similarly football betting, it is fairly clear which team should win on paper and those who spend time studying teams form will do better than merely putting a pin in. Thus if spreadbetting,horseracing and football are exempt CGT, why isn't sharetrading. Provocative food for thought!!!

It doesn't take a genius to proclaim that a share may go down as well as up and anybody who believes otherwise is deluding themselves. IH it is up to you and every individual investor to decide whether to invest in BMN or not. All co's have risks and the most serious are those nobody can see. Think of Conviviality last year a ftse250 company, didn't stop it becoming instantly virtually worthless once the director actions were uncovered. Hence why one spreads risk. SP is a trade off between profit,growth and risk. If you are uncomfortable with the risk of BMN invest elsewhere

Typhoon, your theory is a possibility. It really does depend on when we are really going to see a JSE listing. My thoughts are that it won't come before a Q4 update. The effect of the Q4 update will be to push the price significantly higher in my view and therefore trying to keep a lid on the price at these levels, which would essentially be by shorting would have backfired.
As an aside it's great to find the BB not cluttered with rubbish today!!!

yes please it's always useful

Just topped up 50k@41.4 & 50k@41.5 and earlier 50K@41.17,Alfa FYI also.

Yes please Alfa, insight into the underworld machinations always welcomed!

I am a lth. I am perfectly happy for you to trade shares as much as you like as a PI. What I am not happy about is market manipulation by those that have many more millions than you and are deliberately trying to skew the price, whether up or down. As to Chartist, I ignore him. If ignored he will soon get bored and go away. If his charting was so reliable he would have made millions by now and would have no need to post ad nauseam on this BB