Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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The cash position explanation is what most don’t understand and the consistent inflows over the year now. Vs mcap and reward coming with v it’s good opp. Risk yes but high rewards vs current price. Selling certainly dried up and wide spread shows the defensive mms. Just need to crack blue and it will shift
I find him very helpful, extremely well informed and straight talking, certainly a lot better than some of these ‘house experts’… plus plenty of passion
Jeez, I have never understood where Oak Bloke gets all that corporate data, let alone processes it. And does this for many stocks, day in day out. How big is that outfit? Is it AI?
I’m just a simple guy: Vanadium is critical metal. Only three companies produce the raw product, and BMN have 2 of the 4 production plants (soon to be just the one). Everybody else extracts it from sl*g. All of the primary producers are suffering from low prices, quite possibly manipulated by the Chinese to drive the Westerners out of business (sorry, just my opinion). So to some extent, this becomes a strategic metal. Strategic materials will not fail. You might not be able to turn a buck on this for the next year, but hold fast, our time will come.
@lamps .. jumped the gun a tad with the news ... i suspect the same again end of july when (assuming spr don't **** about) the large cash injection comes in.... then there is working capital liquidity..... as the oak bloke rather points out in his latest today .... https://theoakbloke.substack.com/p/bmn-bush-country
No one is ever right all the time in the stock market. Too many variables at play
Last post: Alleycat1, 3 Jul 2024 18:04
Tigger
Have you met Sammy 58 ?
LOL too early
Sold at 76, back in. Thank you sellers
Started: pb940, 3 Jul 2024 07:44
Last post: faramog, 3 Jul 2024 12:06
A strangely decent factual article ... and they posted my killer question as well .. to be fair to CC, he did take it on but as for reading the riot act ... why would SPR give a stuff
"Coltart said he expected vanadium prices to start increasing within 12 months, commenting: “It’s a matter of when rather than if. Estimates we have indicate prices could start moving up from quarter four this year or quarter one next year.”
LOL"Coltart"
Those are pretty much verbatim quotes from CC as I recall.
Started: wakeyinvestor, 2 Jul 2024 08:57
Last post: NatResInv, 2 Jul 2024 19:04
Timescale was what Craig said, not me.
"Craig said it was not 'if but when V prices would recover', with best guess being Q.4 this year / Q.1 next."
Out of interest was that time span on uplift in v pricing Craig's best guess or your own?
Did he (or can you) expand on what on the demand side is expected to change in this period?
For me I can only really see a combination of suppliers going offline, a shift in Chinas building and infrastructure needs (or another country reaching Chinas demand for V), and removal of sanctions on Russia's steel output, to stop it entering the market under cost through the back door. Q4/Q1 seems a short time scale for any of these in my opinion, (perhaps 1-3 years a bit more realistic,) which is why I ask your thoughts on the Q4Q1 timescale
One thing we can surely all agree on is that bring new V mines online isnt going to be easy / impossible at the current prices - the point about supply side issues is likely to eventually rear it's head, which I think is when we'll see V prices rise to incentivise new supply.
The world is full of 'ifs', I agree with posters that my rather obvious sentiment is that this is a play on V price. If it goes up we are in clover, if it stays the same or declines further we will be in the same predicament as that wild camper in Tavistock who a grumpy farmer came across on his land (the video is funny). Like many miners of various metals, this is no different, palladium and platinum are similar except for them the decline in ICE cars is dictated by government and is permanent which makes for bad prospects. One thing I would have like comment on by Craig/ the company is whether other V producers are putting mines in C&M which itself could choke the supply side even if demand remains constant.
@lindon
As usual your remarks relate to your trading activities....you sold up so why are you still here??
$BMN is their ticker
Sure it wasn't Bannerman Energy?
Haven’t listened as yet but clearly the market didn’t like it. One trick pony now totally V price dependant. Got my average down so may still reach BE or small profit but this will struggle to go above three again to my mind
I see that trade asnt appeared on here.
i saw it on the cnbc ticker,a few mins before i posted.
There's the culprit....a 50 mill sell.
Started: AimHigherStill, 1 Jul 2024 15:15
Last post: AimHigherStill, 1 Jul 2024 15:15
Started: TraderJohnsss, 1 Jul 2024 10:40
Last post: gggg21, 1 Jul 2024 11:51
Kam said he’s been buying more this morning. Guess these delayed trades popping up now are buys
Smashed this price down on very little selling. You watch this turn blue this afternoon. Investor call tomorrow
Started: wildtiger, 1 Jul 2024 09:45
Last post: Codejunkie, 1 Jul 2024 11:49
@wildtiger
you were out last week
so I guess you're now out out..?
Moved my cash to IES, probably the best stock for VFB play at the moment. Im very confident I will recover my BMN losses within the next 12 months.
Net loss - 104 millions
Net debt - 106 millions
I dont think extra 10 millions is enough to save them from this deep dark hole, Im out
Started: NatResInv, 1 Jul 2024 09:16
Last post: SuffolkandWatt, 1 Jul 2024 09:48
NatResInv
Are you a reincarnated Marc 001 ?
Was the largest in BMN's history.
Methinks trend change.
Started: BobbyAxe, 1 Jul 2024 09:42
Last post: Lamps56, 1 Jul 2024 09:46
Bobby - have you just woken from a long hibernation? The company just secured sustainability for the next year.
Without a quick and massive rise in V price the company is essentially finished. It’s carrying to much debt and has been massively diluted. As stated in Friday’s RNS vertical integration was a dream that never became reality. FM burnt the Boats and Alpa and his fellow Dreamers all got toasted. For years we listened to chaps like JonBoy and Ray spout there nonsense and it all came to a big fat zero.
Started: TraderJohnsss, 1 Jul 2024 09:41
Last post: TraderJohnsss, 1 Jul 2024 09:41
Gone?
Bailed on open after ramping all weekend?
Started: Lamps56, 30 Jun 2024 22:22
Last post: max19, 1 Jul 2024 08:41
Big orders picking cheap shares under 0.70p...
Wonder why????....
Nah, not really.
🤩
Satter will prob be selling
Most missed Fridays RNS! Will we see a peak ridge?
Iam with you Natresinv, excellent post. You ride it to the end . Like the ridgewalk in Glencoe you keep going. If you cannot handle heights dont go there. If you are not into risk ,dont be on AIM.FACT.
New grange good comparable, even if it did make a Scotsman a little sick.
Now 0.80-1.05
Come on that’s a big gap up! Let’s see 1.1 plus
0.80-1.10 pre market loves that
Started: cindercone, 29 Jun 2024 01:56
Last post: Gordonbennett1, 30 Jun 2024 21:38
Sold? Explains a lot! Zak Mir has us down for 1-1.5p reversing the current bear trap stay long!
It's nothing to do with holding and folding
You told us you had sold out, so why are you even still here? To gloat? Clearly, so that puts you amongst the trolls then...
If you have a long term plan, why sell? Yours was clearly short term or you didn't like the trend so you realised your loss.
I've not sold any of mine and i have a decent average so I'm stocking to my plan.
Stop trying to inflict your losses on everyone else. Go back to a board where you actually invest...
Moron
Keep telling yourself that Marc001/NatResInv as you continually have. Trolls are always wrong.
You had an avg of 12p in Nov 2022. What is it now with your £160K worth of shares? Like the man said - "You got to know when to hold em and when to fold them." What price are you folding? Same time as the company, lol! Glory or Bust seems a strange strategy. Best of luck to you. You should buy some more too.
We could or we could be supportive of the efforts to reverse prior mistakes? No mean feat but Craig doing a fair job so far! Forward dated repayments of 18 months lifts a lot of pressure for the co, at .60 the price was doomed to fail and anything lower was it looking it was lights out!
That’s not the case as of Friday, imo we are now far better places to implement recovery
Yes and we often wonder where these AIM ‘trolls’ come from - in reality they are often heavily underwater trapped holders, or ones that sold out at a huge loss and are forever bitter. The idea that BMN could come good haunts them, so it’s easier to play any recovery possibilities down.
Started: BenAlder, 28 Jun 2024 22:51
Last post: Ridgewalker13, 29 Jun 2024 11:01
Thanks for the comments Ben and Jonah for you DannY MacKaskill THE RIDGE https://www.youtube.com/watch?v=xQ_IQS3VKjA CHEERS
Hey Jonah well done and thanks Ben for the comments. You know the long walk down from Anoch Eagach, is where tragedy strikes. Some walkers take the short cut down to the Clachaig Inn and end up falling in that steep gully. You could say *literally dieing for a pint.* The best advert for Scotland is right here https://www.youtube.com/results?search_query=the+ridge+danny+macaskill Have a great weekend. If your sick of seeing plastic waste like up Ben Nevis check out Powerhouse Energy.cheers.
Did it in winter too (AE) Ben and then got scared sh**less in your cottage by the ghost. Once a risk taker, always a risk taker. Just done Forcan ridge at 76. I'm hanging on in here!
Ridgewalker - Yes thanks for bringing back old memories. AE, Did it twice, second time in winter. I had some mad adventures back then. I've always been a bit of a risk taker but along with the climbing, years ago, I'm giving up my AIM gambling now before that kills me. Fallen off too many ridges recently lol!
Stay healthy and get rich slowly my friend in County Leitrim. Slàinte Mhath!
PS This really is a dog!
Last post: wildtiger, 29 Jun 2024 05:23
Thanks for the pump guys, decided to get out and use the proceed elsewhere to recover my losses. The warning signs were there months ago but I just ignored them, lessons learnt
Good luck to all
Last post: IsleworthSpy, 28 Jun 2024 22:04
@GordonBennett.
It was, and is, upbeat. BMN is still alive and sort of kicking. And i'm certainly not kicking myself. As i said, i've taken my losses. The waters seem even more muddied. Can you explain the RNS on Monday? Can you explain Sattars open hostility to the sale of Vanchem. and then his agreement to it? This is all odd. And then his holdings RNS?
FWIW, i believe that certain holders have bought at very low prices, and will unload after making some decent money. Just my opinion.
And then we have the sale from Acacia.
I hope it hits your forecast though.
You’re out? Seemed a pretty upbeat post at 17:06 stating you like the deferred debt repayments and reckoned Orion were confident of their investment.
Assume you are either kicking yourself or you magically sold after hours
@ GordonBennett.
I don't think that there is any chance of going above 1p, let alone hitting 2p.
Why was the RNS released to tell the world of possible suspension on Monday, through non payment of agreed funding?
Only to suddenly to receive agreed funding 4 days later.
Why did Sattar originally disagree with the sale of Vanchem, et al, and then sudenly do a u-turn? And also increase Portillon/His stake in the company?
Why has OMF suddenly agreed this funding? As a very large holder, would they not have been privy to what happens behind the scenes?
We've had a holdings RNS from Sattar. Maybe SPR next?
I guarantee you, that some people have made their money here. Buying post Monday RNS, and selling today and the upcoming Monday.
WHY WAS THAT RNS RELEASED ON MONDAY? It was clearly never going to happen.
I also note that Acacia were not mentioned in the RNS. And they dumped 26 million shares (not 24) post Monday RNS.
I'm out. I've taken my losses on the chin. Good luck to all still holding.
Thanks Chris for your response!
I hadn’t realised the payments were deferred, probably works in our favour now particularly with debt being extended out. Gives the company some breathing space it didn’t have yesterday. And a lot of it, a huge sigh of relief
'Big chunk missing in the numbers is the sale of Vanchem post year end,'
____________
Ish. Debt has increased since the date of these results in order to survive and the sale of Vanchem only involves half of the cash consideration upfront so even with the sale going through net debt will be roughly the same as it was in these accounts, with $15m-$20m deferred payments to be received over the next three years.
Started: ripley94, 1 Feb 2024 11:09
Last post: ripley94, 28 Jun 2024 21:21
Up 130% to 0.75p .
Bouncing of lows of 0.3p this week .
Share profits? Really?
Up 52% to 1.7p..
Buy 22/7/22 @ 12p
Yesterday new low 1.07p
Last look 28/6/22 thought 5.5p was low in hindsight of today mistake not to take that loss .
Lady Jenifer tip , share prophets change of view .
Started: hxulcolrdoh, 28 Jun 2024 20:30
Last post: hxulcolrdoh, 28 Jun 2024 20:30
A basket case. Though it lives to see another day.
Started: bandyace, 28 Jun 2024 19:29
Last post: bandyace, 28 Jun 2024 20:00
Thankyou LukeC4,i appreciate your thoughts
16p will probably never happen but the market cap could recover to a $60-75m if vanadium gets back to $40 plus. Maybe there’s more value from the disposal of non core assets too. 5p is probably something to aim for.
Hi All
I got into bushveld maybe about 6 years ago,i really liked the battery proposition and that was the attraction,i was new to stocks and shares at the time ,i got in here high and averaged down to 16p,covid happened and that had a massive impact on the company and i think put batteries back years,unfortunately for Bushveld.As it stands now as this stripped back company (i get it ,better to be functioning than bust),does this in your opinion have any hope of getting back to the 16p range if V prices rallied again or is that just a pipe dream now.
I would appreciate your thoughts,thankyou
Started: MajorHayze, 28 Jun 2024 18:50
Last post: MajorHayze, 28 Jun 2024 18:50
Slowly crossing off the uncertainties and risk. Clear route forward now which seems to be heavily supported. Onwards and upwards 👆🏻
Started: richy, 28 Jun 2024 16:34
Last post: broomtree, 28 Jun 2024 17:39
And then some! I’m still down 47% overall but on the drop I doubled my holding for peanuts @ .33 so that portion just doubled +
I like this bit from the RNS
"""First repayment of the Orion term loan deferred from 30 June 2024 until 31 December 2025."""
So, 7 million was due on the 30th June, now nothing for 18 months. I would suggest that Orion are confident.
Which raises the question: Why did Acacia dump 24 million shares the other day? Are they no longer part of "the gang"?
Suspect Sattar will sell some of his 150 percent profit shares when he can
Open that’s a ridiculously simple way to look at it. There are many contributors to mcap post and prior to today. Come back when you figure them out
Waiting for that 3rd rns
Started: Kammy18, 28 Jun 2024 17:05
Last post: Kammy18, 28 Jun 2024 17:05
I don't hold any shares (used to), just saw top of the leader board!!
Great news, well done, hope it works for the long suffering peeps.
Kammy
Started: Openheimer, 28 Jun 2024 15:57
Last post: RazorShultz, 28 Jun 2024 17:04
Latino I was invested in this share at 22p and 48p. If I opened a short position on it I'd actually have made some money and got out, and wouldn't still be posting here.
I haven't fully sold out just to be clear, but no way can I risk anything further here.
See clueless! Lol.
The MC is disproportiante to the cash they got.
Its not deramping.
Its just facts.
Funny isn't it. Hearing the derampers running out of information, all the same words used in the past. I'll leave this until the end of 2025 ;)
They want all they can get pre Monday don’t shoot you self in the foot
Started: dsymons, 28 Jun 2024 16:17
Last post: TraderJohnsss, 28 Jun 2024 16:25
They’ve literally said they will release later today…
It is game on Monday that’s for sure!! 0.95 paid was a taster
That could happen if they want to add a bit more guidance to the already prepared results. But no great problem if it delays tge publication. Suspension is immediately removed and share trading immediately resumes at whatever time of day the results are eventually published.
If they do not release after hours