Member Info for UncleJohn

What hasn't been mentioned is that Cellcube/Enerox entered into a similar agreemnet with US Vanadium back in February. Look on the US Vanadium website. Do you remember what percentage share BMN has in Enerox?
While on US Vanadium website whilst I could find details of their products, nowhere could I find reference to the Vanadium produced by US Vanadium. Do they buy it all in? if so I wonder where it comes from. Nor could I find any accounts for US Vanadium. I did see that the infamous Terry Perles is a director.

Caused I would think by the large sale at 14.36 reported an hour later.

Sammy, I had been about to make exactly the same comment regarding FAR, and it merely shows how ridiculous the discount on the BMN price is. The Chief Executive does not control the share price, you and every other buyer/seller controls it and the fact of the matter is, like it or not, buys are scarce and sells are themselves not massive BUT sells have been exceeding Buys most days of the week for months and only some stonking good finmancial figures are going to change that. The business itself continues to develop well, subject to some relatively minor setbacks viz commissioning Kiln 3 at Vanchem. The last update dealt with production figures not with financials. There is no comparison with FAR, BMN is profitable at current levels light years before FAR even gets into production. It is BMN that is ridiculously cheap.

Excellent news Pdub. Today's results weren't great, but don't really tell you the financial side. The thesis for the investment still hangs together and I am a firm believer that things will be o.k. in the end and in the meantime, life will go on. The only issue is if I had invested money that I desperately needed to cash in.

I actually suspect that it is the downward trend in published v prices over the last few weeks that is much of the issue, added to which buyers are sitting on the sidelines awaiting news. What actually amazes me, and I hope I am not an idiot, is the number of sales going through at this level when the future continues to be bright.

Nomlungu, thanks for posting this, lets hope we get an RNS giving us more details, but at least on the face of it positive and promising

Agree, if he had spent £50k it would be a different matter. This tells us nothing save that either he has no money or he has no confidence, indeed it might have been better if he hadn't bought at all. However it will all be forgotten in due course when the EIA is issued and he kicks himself that he didn't buy more!! The main positive is that he does not know anything, as if he did it would be insider trading. Therefore by deduction there is nothing negative that the company knows.

Knuttie, just regard him as the village idiot. Every village must have one.

Just shows the end of the day playing with prices through a UT, can be safely ignored.

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.

Certainly the sooner the BoD gets on and issues the figures for the first half the better. That is quite apart from being more specific on the intentions for BE

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