Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I've just been rereading last year's Q2 and first half update issued on 21st July 2021. This year the improvement over last year is going to be colossal whatever metrics are used. Lets hope for a corresponding leap in the sp.
Jimbo, yesterday when I suggested share buybacks, that was just an option, I entirely agree paying down Orion would be another useful move. Nigelbonger has endorsed my view on sharebuybacks and set out the reasons more succinctly than I would have done. The first step really is to determine the best use for cash as I accept it is not unlimited. The point I was driving at yesterday was that with the ridiculously low share price, buybacks are very very cheap and to the ultimate benefit of existing shareholders. Which is more important? i.e. bod needs to decide whether given the sp deferring some other capital expenditure might be a wise move, particularly if we head for recession anyway.
Pat, this is even more criminal than a steal, whatever that is. At a capitalisation of £70, BMN could buy back 25% of the shares in the company for £17.5m. If I were Fortune I would definitely at this level buy back every share I could lay my hands on. That would how to increase investor value very quickly AND very cheaply.
It may well be that individual punters are playing the sp, this frankly is relatively small scale. You know this because if you look at the monthly published shareholdings there has been virtually no change for months. i.e. one private shareholder is merely transferring to another with no grand plan. The bottom line across the whole market is that sales outweigh buys and this will remain the case just for a little while. In BMN's case this actually means that the turnround when it comes will be all the steeper. Whilst unlikely an end to conflict in Ukraine and Covid wouldhelp immensely with attitude as would starting to get inflation under control.
This was one of those years where "sell in May, don't return until St.Leger's day" will actually work. Wish I'd taken a long holiday!!
ARCM101. Investment is about the future not the past. If you think BMN are going to be lossmaking in 2022 you are entitled to your opinion and sell all shares you have. My view , and it will be bourne out by the figures is that BMN have been making very reasonable profits in 2022 and will continue to do so.
This is a share for the bottom drawer maybe three years hence. Personally,and this is not any form of advice I think there is a reasonable chance of a payout over the Polish claim(s) after all they got funding to pursue it and that won't have been given without thorough investigation.
To be honest I never saw the point of the share consolidation in the first place, seemed it was only to enable those in the know to get professional fees. Anyway, unfortunately been proved right and as many others have said it is "crackers" as the true value is not what is being paid today but the inherent underlying worth of the projects. Remember this is fully funded all the way from my memory.
peking duck, this isn't a bridging loan, it is a 10 year facility. Additionally whilst reference to the interest rate being high on the face of it is correct, you have to remember that the inflation rate there is high. the margin at 2.5% over namibian base is not high AND there are no capital or interest payments for a year, i.e. until after all the expansion works have been done and cash flow has improved significantly. There was also comment by others that borrowing in dollars would have been cheaper, again one needs to bear in mind that if you borrow in dollars, you pay in dollars and with inflation and an adverse exchange rate that soon gets very expensive.
I think they have done the right thing, and in twelve months time the sp will be very considerably higher. This is not investment advice, just my own personal view. DYOR.
Calamari, I have never seen you be anything but negative about this share. If you hold any just sell and get out, and then stop spouting, The same applies if you don't hold any.
I have read the RNS, 2022 is perfectly acceptable. We all knew what 2021 was like months and months ago, so nothing new is revealed, save for the spin out of BE, and given how critical you have been historically of BE you ought to be jumping for joy!!!
Turnover is incredibly low, I would happily buy 10m more shares if I had the cash.
Remember the other Buffett quote "Buy when other are fearful"
The SP here continues to defy logic, but does show there are many worried people AND that applies to virtually all shares except large defensive corporations. Even the 250 is down substantially today. There are many many AIM shares that have performed far worse than BMN, just look at the BB of other AIM stocks. All say exactly the same thing. At the end of the day you have to be in it to win it and investment is about the future not the past. If you don't believe Vanadium and VRFB's have a future get out NOW. I do
No, people are not daft. BUT think of it like this Battery storage/Vanadium is the equivalent of an avalanche. Everyone knows that it has snowed, and that an avalanche is likely BUT they still go on skiing. Gradually the signs of the avalanche get more obvious, then suddenly everything happens at once, and the rescue services and everyone else run around like headless chickens.
People are very bad at forward planning. In particular governments that lurch from one crisis to another, they are very good at using sticking plaster until the wound is so bad that amputation is necessary.
With Vanadium and VRFB's those in the know can see the solution, which will happen, but we are not quite there. When it happens everything will change very very quickly and like the avalanche nobody knows exactly when.
All positive stuff, which sooner or later will move the sp out of its rut. VRFB's are coming whether you like it or not and BMN is one of the few companies in the world that will benefit substantially from it. How much more positive can you be? Everything is however taking materially longer than I would like and with far less communication from the BoD than I would like. I don't want a weekly commentary, but in this industry up dates between quarterly reports would be useful
Ignore these figures. They are quite clearly based on historic financial information and in no way represent the current enterprise value, which without a shadow of a doubt is much higher, and no doubt somebody will recalculate it once the next financial figures are released. Until then it is largely guesswork.
Mine are nil value, ii generally change things overnight.