Member Info for UncleJohn

The 1.5m trade was much earlier in the afternoon as you will see from the time. It does however set the direction of travel

Yesterday there was a large excess sales ratio, and thus whilst today it is the other way round to an extent the MM's are still working through the sale stock, which they may have done now. I am sure you are well aware that buys need to exceed sales over a significant period of time for the sp to drift up. The problem has been that this hasn't happened and hence the slide down the greasy pole again. Where there is an overall outflow of funds this is an even more tricky pole to climb. As you well know markets and sentiment towards a share can change quickly and that is what we are all waiting for. It is coming, and will be with us once we have clear positive financials in black and white. LTH know the score, as yet we just can't prove it to everybody else.

HarChris, just to endorse your point, but to give another reason, which I haven't seen advanced by anybody. Yes, it is absolutely true that BMN is not alone in having a low share price relative to its achievements and worth.

I suspect there is a much wider argument at the moment and it is this. BMN and the AIM market generally is the province of private investors. Private Investors are withdrawing cash, if for no other reason than inflation/cost of living and this is evidenced by withdrawal of funds from the likes of Hargreaves Lansdown. Thus it is actually the strength of the financial results that will lure in a new breed of investor because the returns are too good too miss. Many of my investments are in the same boat and not just the mining sector, and all BB's bemoan the same thing. Markets do turn, and suddenly.

Pdub, I don't disagree with everything you say. The one issue in my mind is investor sentiment towards BMN. I would have hoped that the Orion deal would have gone some way to change this AND in the background I believe it has BUT not as yet sufficiently to move the SP northwards. Seeing positive financial results will be the trigger together with a rising vanadium price. At least then prospective investors won't have the worry of the Orion debt because that will all have been sorted. Whilst it is impossible to say what the sp will be in 12 months time I am prepared to bet it will be a long way north of the current level and I am therefore a confident LTH.

Copper1, whilst there is absolutely no guarantee of any deal relating to the Lithium frankly you don't go appointing Barclays as strategic adviser unless you think there is a genuine deal to be done. We will have to wait several weeks to see if this comes to anything. In the scheme of things that is nothing and well worth the wait in my book. I don't think it is being done to appease Orion.

Now you know why there was a lot of share buying last week by Cerrone.

HMHG- Why don't you take a lead and bury your own head in the sand and don't forget to keep it there.

Is the extension not also a sign that the Kape Board are not doing much to up the offer and broadly support it. The danger as I see it with the offer failing is that the sp will fall, albeit not necessarily that much as there is still the risk that there is then a lower offer once he has mopped up more shares at a lower price.

The volume traded in BMN most of the time is dire. I have bought more over the last couple of days and have ended up paying a slight premium for frankly not very big amounts, 300k and 100k. There has been no option, because there has been no stock. This shows abundantly clearly that all bar the inevitable few now see that there is only one way for BMN and that is up in big strides. Hence I really have no objection to paying a slight premium, meaning 2%, because the change in the sp over the next 3 months I am convinced is going to be mega by comparison. With the way things are shaping up a ten bagger is potentially on the cards in the not too distant future. As always DYOR, but I have been putting my money where my view is. Unless the world lurches into calamity, BMN will thrive over the next few years and I too believe that there is unlikely to be any issue with the repayment of the Orion debt in November as all the cards fall into place.

Certainly I am now sitting on a small loss here, so I imagine many investors will be underwater. Significant progress has been made and Graham has said that he expected a substantive announcement during Q1. Agreed that is in no way binding and we have heard his "Imminents" before, but hopefully this time everybody will be relieved and this will be matched by a significant upward trajectory in the sp.

No way is it a sinking ship. Unlike some other companies there is not a lot of hot air in the sails. I do believe progress is being made with the EIA, but there is nothing that at this juncture merits an RNS. There was a quarterly update only just over 4 weeks ago. Be patient. Sit back and enjoy the ride

I deliberately refrained from earlier comment on the RNS, so as not to be embroiled with trolls. The RNS did not contain anything that we were not aware of. Indeed it is a miracle with the loadshedding (which was fully known about) that production missed guidance by only a few percent. On the converse the exchange rate is a plus factor and the vanadium price is higher than was being allowed for. There are always those that think expectations can be exceeded and are disappointed when their unrealistic expectations are not met. For me everything is lining up reasonably although I agree it would have been better had there been no load shedding but that was hardly within Fortune's control.

Nitrokev. Unfortunately as we all know any figure is pure speculation. As pi's we don't even know the terms the backers or the legal team are on and both those figures will come out as a first cut. What is left can be attributed to the company. All we do know is that BT has made clear the settlement figure will be fair to PI's and hence that is what we have to rely on. His future in effect is also at stake depending on the settlement, all that gives me comfort.

Ideas. Thank you for rewriting the RNS in plain English. I don't disagree save to say I think we will see the ESIA within 6 months, and whilst that will cause overall delay it will be nothing like the delay in getting the ESIA as other progress is being made all the time. We might even be pleasantly surprised as Graham having been bitten by his "imminent" once should have been more cautious in his use of language.

We are moving forward, but slowly, and Morrocco is calling all the shots. I believe it will happen and Grahamhas said he is "confident" of a substantive RNS in the first quarter 2023.

Whilst it is Friday, there have been less than £10k's worth of buys/sells by 11.00 a.m. this morning. This is a pathetic volume and just shows that as yet prospective new pi's are not convinced of the future. As I have said before this will definitely take some actual strong financials to make pi's realise where BMN is heading. Pi's as a whole in my experience are generally far too early into a share or far too late, they rarely get it right. Myself included as I fall into the "too early" camp thinking things will happen quicker than they actually do, something that happens all the time with mining explorers.

My view is that by this time next year there will be a half decent settlement, BUT this BB will argue for ages as to whether it could have been better citing all sorts of legal precedent. At the end of the day it is a commercial judgement. Remember the lawyers will also have to be happy as they will get their slice accordingly. Therefore the deal whatever it is has to satisfy the BOD and the lawyers, (and of course Samsung) hence it will not be the highest number one first thought of, and therefore many folk will be unhappy. Too much greed, too little realism. Remember a bird in the hand.

Certainly an interesting bit of "news", FWIW those closest to the action namely the polish market thought it was worth the rise and is indicative of a possible positive outcome. I have stayed long here for a long time and hopefully one day will be vindicated.

Of course TP3wants to make money, he is not an idiot, it's commonly called "shorting"

EML is not the only company that has been waiting ages for it's ESIA, with ever more delays. By way of example Savannah Resources has been waiting ages for its ESIA, longer I think than EML, and that is in Portugal part of the EU, and I can name others. Nobody in government administration wants to offend anybody and there will always be objectors to the issue of the ESIA, and the easiest course is to do nothing. I actually believe that Graham and his advisers are highly experienced, much more so than many of the SH's spouting on this board. The issue of communication crops up time and time again with AIM companies. More often than not those that communicate the most actually do the least. An investor can always sell and try their luck elsewhere, most in that camp need to distinguish between investment and gambling. Investment is a long term option. Ask the Japanese.