Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"The Environmental and Social Impact Assessment ('ESIA') submission is awaiting the final approval and the Company has completed various submissions to government agencies including the water authority, l'Agence du Bassin Hydraulique de Sebou, Regional Department of Environment, Regional Department of Forestry, and Regional Centre of Investment, as well as the public enquiry process with no objections and full support from local stakeholders."
The above paragraph was in the 31st December newsletter less than 3 weeks ago. It could hardly be more clear that all is perfectly well and the EIA could land any day. You can see that the enquiry process was without any objections AND that there was full support from local stakeholders, what more do you actually want. It is unreasonable to expect the company to give an update every month.
Unfortunately, until the company actually produces some proper news the share will drift as there is no concrete reason for any new buyers to buy. Luckily I suspect good news is just round the corner, unfortunately we can't see round it or where it is. As has been said many many times PR is important and for some reason the BoD don't seem to understand.
Rocha, I would love to have your confidence. If all is well, why has there not been any RNS or any word from the BoD, if only to say "we are well aware of the delay for which we are sorry. There is nothing more we can say at the moment." Instead shareholders have had no communication at all. That is bound to create unease. Luckily, by comparison with you I don't have that many shares and it would even if all was well represent only a small proportion of my investments.
This is a perennial question. the graphs show you a coninuing slide. The SP is totally out of kilter with the progress in the business and with the vanadium price and with prospects for the market. The fact however is that the trickle of sellers is even greater most of the time than the trickle of buyers. Perception always lags reality and that is the case here. I confess this has gone on much longer than I could have anticipated. I am not going to predict when it will change, but when it does there will be a sudden surge of buying interest, and the paucity of shares will cause an exacerbated rise. Wait and see. Numerous LTH have given their views on the sp value, with which I largely agree. What we have little control over it timing. BUT it will happen.
Mogwhy, without stirring up a hornet's nest your valuations are about as negative as they could be. Capital valuations are very tricky, because it depends on the relationship of buyer and seller. In a forced sale situation the values of course will be much less, but that is hardly a realistic scenario. Looked at another way perhaps you could let us know replacement cost!!
Personally I much prefer to look at income and cost and Paludina's later email on US dollar sales so far this year is a much more relevant figure in my opinion.
Certainly I think it is fair to say there is no material bad news save delay as there has been no RNS. The last project update RNS was 24th September so it is reasonable to expect one delays or not over the next couple of weeks in my opinion. Hopefully there will be an unfolding of a lot of good info including financing. Otherwise how are they going to start construction works at the begining of Q4?
Whether it is 40p by xmas remains to be seen. I regard it as a strong possibility still and if not then by early Feb 22 when the 4th quarter update is reported. this year it was on 4th Feb 2021. Whilst DYOR and counter claim all the evidence is pointing in the right direction indeed I won't even set out what I personally think it will be by the end of February 22 as you won't believe me! (FYI I am not Libero in disguise!!!)
UKsteve agree 100%. It is the lack of buyers that is the issue and this will only change when sentiment changes and sentiment will only change when there is concrete evidence that financially BMN is a company that is going places. Then it will roar. The first step as I said earlier is the third quarter production figures LTH know the score it is new investors who need to be convinced. In the meantime for those with spare dosh this is a bargain.
Further thoughts here. It is now less than 3 weeks until the end of the third quarter, and the production and sales figures for the third quarter will show BMN has been reasonably cash positive even without any VRFB additions. True the price of Vanadium has dropped back a little but it is still within the 40-45 dollar price range that Fortune has described as being the "sweet spot". Thus so far so good.
In addition the recent news coming out of China re VRFB's which is fantastic. Once the chinese decide on something they get on with it, and quick. i.e. quite apart from anything else, and there are loads of other positives.
I have said some weeks/months ago BMN has already turned the corner and clearly Fortune is aware of the real progress being made.
Yes there has been the recent shorting which we are aware of, but shorters are there to make a quick buck and this lot know that once they have driven the price down they will reap the rewards many fold by buying cheaply. Shorters tend to short companies with great prospects.
Hence the sp is not just a bit nuts it is totally ridiculous but will remain so until the facts are on the table. i.e. there is very little time until the market sentiment towards BMN changes entirely. At this actual moment sentiment is bad due to the number of investors who have lost out on the 2018/19 vanadium price rise and they are still shellshocked
The third quarter production figures are getting ever closer, and they apart from anything else should show hard tangible progress AND whilst we won't actually have financial numbers will be sufficient to calculate financial profitability. The good news is we haven't got a load of sellers, but I quite agree there need to be a load of buyers to make headway viz EUA
Don't worry he is alive and well on another board, 60 posts in the last 30 days. Keep a low profile here and he won't notice TILS is going up. Crackpot comes to mind.
Why do you all waste time slating each other? It neither helps the body of information re BMN, the SP or the BB. To calm you down I totally believe that the SP will change direction markedly once the Q3 production figures are published in October and the rise will start before that. There will always be those that need cash for one reason or another and particularly with PI's they fail to keep sufficent reserves to avoid having to sell at such ridiculously low prices. Now castigate me if you wish!!!
Strummer if you did a random survey of investors most would not have heard of HZM, notwithstanding its potential. If it makes a significant gold discovery... well now you are talking.
By Monday we will be half way through the third quarter, and therefore probably no more than about two months to some much improved production figures that will give rise to the major rerate. Patience will win again!! And all that quite apart from the other exciting news I am sure is in the pipeline. Enjoy your weekends!