Member Info for UncleJohn

Daisydog, "near Parity" is a complete misnomer. Even on your figures BMN is 50% larger hardly near parity. What's your prediction for 12 months time?

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

Great to have BMN tell us all about it isn't it? Perhaps they think it is not really newsworthy as its what they have known for months but just omitted to tell us.

On the face of it 47-0 is a pretty impressive scoreline. Even Man City or Liverpool would be pretty pleased!!

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.

Try reading the Q1 Activities update issued less than 2 weeks ago.

Try reading the Q1 Activities update issued less than 2 weeks ago.

Crazy is an understatement!! I totally fail to see the rationale for selling at these prices, when we know the first quarter results are going to be out in the next two weeks or so and we know, even though there may be no P&L, how much V will have been sold and at what rates and what the cost per kg has been, and we already know what the v price was throughout the first quarter of the year. Unfortunately whilst sales of BMN shares exceeds Buys the price will drift, it is straight forward supply and demand. I agree there may be some Duferco selling, but you can see that most of the time it is just smallish holders, and maybe a.n. other large holder desperate to get out for some other financial reason.

I don't post that often on this BB, but I do skim read much of the trash written, and I know, who to ignore entirely! The fact is that the fundamentals of BMN are much much stronger than they were 12 months ago, 24 months ago or 36 months ago. The Chief Executive of BMN is responsible for the running of the company not the SP. The SP is governed by market perception, not by reality, and you see this everywhere, from overhyped AIM shares to those in the opposite corner. In reality perception will undoubtedly catch up with fundamentals, and then it will probably overshoot in the other direction, which is precisely what happened in 2018. So when will perception catch up with reality you ask? The answer is when the release of financial information consistently proves the naysayers wrong. If you are a naysayer wait until then to buy into BMN to buy and then complain you have bought on a spike!!! I topped up again yesterday.

FWIW, I just don't believe Covid is to blame. This smells of a fraud of some sort, probably in an acquired business where there is a significant hole in the accounts. i.e. they have referred to trading being in line, so it is unlikely to be a trading issue, but a former accounting issue. You will note there is now no time period given. That is not PWC, save to the extent that they have potentially uncovered something, which SFOR and PWC can't agree how to deal with.

10/10 Pdub, his job was done.

Whilst you can argue it is just another interview with Graham Clarke, I have just watched it from beginning to end, and whilst it told me personally nothing new, and he didn't directly refer to the EIA, there was nothing to indicate that there were any problems. Clearly he is now talking about the construction phase proper not starting until the end of this year, and with it being 24 months, no production until late 2024/early 2025. He made the point that nobody is going to get there quicker than Emmerson (including the old Sirius project being undertaken by Anglo American. So sit tight.

Without saying told you so, I have written many times on this BB that when the rise came it would come very swiftly. Obviously I had no premonition of the awful events in Ukraine. The other point I want to make is that even after this rise, as at today we are only back to the level we were in early July 2021, eight months ago. Since then BMN has strengthened enormously, as to which I agree with Faramog's post of yesterday and the vanadium price is way ahead. Hence in all respects this sp should have a very long way to run, in particular when some P&L figures start being bandied about.

Faramog and Harchris, thanks for both your replies, though not strictly answering my question. The main point is that the BMN we now have is very materially different from in 2018, and even taking Faramog's figure it is way more than 54% more substantial, though I know before someone jumps in that the profitability of which it is capable has not yet been demonstrated and also I am fully aware that the stellar sp in 2018 was OTT as there wasn't the substance in the company to back it up, only a stellar vanadium price. Things are now very different as we will see in 2022,2023 and 2024, i.e. the next three years.

cc, yes Duferco to name one. Are you aware of the percentage by which the issued share capital has gone up over the last year. I could look it up but if anyone knows it would save a job. I suspect it is in single figures, but I am not so happy to be proved wrong.

marc001, obviously to a point you are right. Nothing is 100% plain sailing, and you can also argue that some of the sales today were by day traders. Having said that the volume today was one of the highest we have seen in the last couple of years. That's not to be sniffed at. It is the lack of volume over recent months that has meant the share has not been able to gain any traction for the reasons you mention. Hopefully to morrow will also bring strong volume as the market at last wakes up and realises it can sit on the sidelines no longer.

I think a good point to come out of today is the volume of share sales. This I hope means that many of the traders/investors who wanted to get out have been able to do so. This therefore reduces their pool which means that it ought to be easier to have a more sustained rise going forward.

Unfortunately Westie, even if an email was answered, the answer could at best be placatory for fear of giving information that ought to have been covered by an RNS. Personally I believe the visit to Morocco was to try to give credibility and they would not have done so had things not been going right, i.e. I believe that everything is o.k., and the visit constituted the equivalent of sign off and that at some point hopefully shortly we will get the long awaited news. None of these other things would have been happening in practice were everything not going the right way, including the appointment of the CFO. Alternatively you have to believe that everybody has been duped.