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Vaapad Capital
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BCM

Industrial Metals

BRAZILIAN CRITICAL MINERALS

FALLBACK· as of 32m ago

Current positionSubscribers

Live position details are for subscribers

BCM's current weight, average entry and live P&L are reserved for subscribers — front-run protection for the founder's open book. The full public thesis, conviction history, closed-trade record and field notes stay open below.

Why it moved today

BCM was little changed +0.00% versus its prior close (last 42.865 vs prior close 42.865) (as of 2026-07-02 00:06 UTC). The market was post at the time of this quote. This is a descriptive record of the move — not a forecast or a recommendation.

Rewards

  • BCM gives the book Industrial Metals exposure — see how that sits in the overall sector mix.Sector allocation
  • The position currently shows an unrealized gain of +38.26% versus cost — reconciled against the brokerage snapshot above.
  • BCM has 1 fully round-tripped call(s) on the public ledger — every one scored, winners and losers.Open the Call Ledger

Risks

  • BCM is a single, concentrated position in one founder's personal book — single-name risk, not a diversified fund.Full risk disclaimer
  • Past performance is not a reliable indicator of future results. Everything on this page is retrospective disclosure, not investment advice.Full disclaimer

Position scorecard

Track recordConvictionMomentumValueQuality
47avg / 100 · partial
  • Track record— 0% hit rate over 1 closed call.4
  • Conviction— Based on 103 recorded events, currently held.65
  • Momentum— Live unrealized +38.3% vs. cost.88
  • Value— From 1 valuation multiple (lower = cheaper).30
  • Quality— No profitability / balance-sheet data available.n/a

A retrospective, descriptive summary derived from the facts on this page — the founder's own closed calls, recorded conviction, live position P&L and public third-party fundamentals. It is not a rating, price target, or buy/sell signal. Axes marked “n/a” lack sufficient inputs and are shown honestly rather than guessed. Past performance is not a reliable indicator of future results.

Fundamentals

Valuation multiples

Market cap
—
Enterprise value
—
P / E (TTM)Price to trailing earnings
—
P / E (fwd)Price to forward earnings
-714.42x
P / BPrice to book value
—
P / S (TTM)Price to trailing sales
—
EV / EBITDA
—
Dividend yield
—

Key financials

not reported
Revenue (TTM)
—
Revenue growthYear-over-year
—
Earnings growthYear-over-year
—
Profit margin
—
Return on equity
—
Debt / equity
—
Free cash flow
—
Beta (5y)Volatility vs. market
—

Ownership & float

not reported
Shares outstanding
—
Public float
—
Institutional held
—
Insider held
—

Third-party market data (Yahoo Finance), for information only — retrospective and descriptive, not investment advice. Values may lag the latest filing. Fetched 01 Jul 26. Any metric the provider did not report is shown as “—” rather than estimated.

The thesis

No public thesis published for BCM yet.

The public thesis is drawn from the founder's published field notes. When a public note tagging BCM goes live, its thesis anchors this section. Subscriber-only notes are listed below as locked teasers — their content is never surfaced here.

Conviction history

  1. Adding30 Jun 26

    Added to position

    39,500 @ 0.058 AUD

  2. Trimming30 Jun 26

    Trimmed position

    268,254 @ 0.057 AUD

  3. Trimming30 Jun 26

    Trimmed position

    31,746 @ 0.057 AUD

  4. Adding30 Jun 26

    Added to position

    13,000 @ 0.058 AUD

  5. Adding30 Jun 26

    Added to position

    35,400 @ 0.058 UNKNOWN

  6. Trimming26 Jun 26

    Trimmed position

    66,671 @ 0.048 AUD

  7. Trimming26 Jun 26

    Trimmed position

    8,968 @ 0.048 AUD

  8. Trimming26 Jun 26

    Trimmed position

    2,500 @ 0.048 AUD

  9. Adding12 Jun 26

    Added to position

    23,772 @ 0.041 AUD

  10. Adding12 Jun 26

    Added to position

    25,000 @ 0.041 AUD

  11. Adding12 Jun 26

    Added to position

    100,000 @ 0.041 AUD

  12. Adding12 Jun 26

    Added to position

    101,228 @ 0.041 UNKNOWN

  13. Adding12 Jun 26

    Added to position

    3,671 @ 0.04 UNKNOWN

  14. Adding12 Jun 26

    Added to position

    500,000 @ 0.04 AUD

  15. Adding12 Jun 26

    Added to position

    20,538 @ 0.04 AUD

  16. Adding12 Jun 26

    Added to position

    34,600 @ 0.04 AUD

  17. Adding12 Jun 26

    Added to position

    120,000 @ 0.04 AUD

  18. Adding12 Jun 26

    Added to position

    238,877 @ 0.04 AUD

  19. Adding12 Jun 26

    Added to position

    82,314 @ 0.04 UNKNOWN

  20. Trimming05 Jun 26

    Trimmed position

    263,841 @ 0.038 AUD

  21. Trimming05 Jun 26

    Trimmed position

    130,000 @ 0.039 UNKNOWN

  22. Trimming05 Jun 26

    Trimmed position

    230,259 @ 0.039 AUD

  23. Adding13 May 26

    Added to position

    24,100 @ 0.039 UNKNOWN

  24. Adding07 May 26

    Added to position

    39,300 @ 0.036 AUD

  25. Adding07 May 26

    Added to position

    18,700 @ 0.036 AUD

  26. Trimming10 Mar 26

    Trimmed position

    7,922 @ 0.038 EUR

  27. Trimming10 Mar 26

    Trimmed position

    3,171 @ 0.038 EUR

  28. Adding02 Mar 26

    Added to position

    114,800 @ 0.037 EUR

  29. Adding01 Mar 26

    Added to position

    1,024 @ 0.037 EUR

  30. Adding01 Mar 26

    Added to position

    60,000 @ 0.037 EUR

  31. Adding01 Mar 26

    Added to position

    2,828 @ 0.037 EUR

  32. Adding01 Mar 26

    Added to position

    5,343 @ 0.037 EUR

  33. Adding01 Mar 26

    Added to position

    15,113 @ 0.037 EUR

  34. Adding01 Mar 26

    Added to position

    65,000 @ 0.037 EUR

  35. Adding01 Mar 26

    Added to position

    37,344 @ 0.037 EUR

  36. Adding01 Mar 26

    Added to position

    25,000 @ 0.037 EUR

  37. Adding01 Mar 26

    Added to position

    226,641 @ 0.037 EUR

  38. Trimming19 Dec 25

    Trimmed position

    3,500 @ 0.57 EUR

  39. Trimming19 Dec 25

    Trimmed position

    500 @ 0.57 EUR

  40. Trimming19 Dec 25

    Trimmed position

    1,500 @ 0.57 EUR

  41. Trimming19 Dec 25

    Trimmed position

    15,000 @ 0.57 EUR

  42. Trimming19 Dec 25

    Trimmed position

    3,000 @ 0.57 EUR

  43. Trimming19 Dec 25

    Trimmed position

    4,000 @ 0.57 EUR

  44. Trimming19 Dec 25

    Trimmed position

    17,500 @ 0.57 EUR

  45. Trimming18 Dec 25

    Trimmed position

    1,000 @ 0.475 EUR

  46. Trimming18 Dec 25

    Trimmed position

    4,000 @ 0.475 EUR

  47. Trimming18 Dec 25

    Trimmed position

    2,000 @ 0.475 EUR

  48. Trimming18 Dec 25

    Trimmed position

    200 @ 0.475 EUR

  49. Trimming18 Dec 25

    Trimmed position

    6,000 @ 0.475 EUR

  50. Trimming18 Dec 25

    Trimmed position

    1,500 @ 0.475 EUR

  51. Adding12 Nov 25

    Added to position

    5,500 @ 0.255 EUR

  52. Adding12 Nov 25

    Added to position

    2,500 @ 0.25 EUR

  53. Adding12 Nov 25

    Added to position

    500 @ 0.25 EUR

  54. Adding12 Nov 25

    Added to position

    3,500 @ 0.25 EUR

  55. Adding12 Nov 25

    Added to position

    4,500 @ 0.25 EUR

  56. Adding12 Nov 25

    Added to position

    5,500 @ 0.25 EUR

  57. Adding12 Nov 25

    Added to position

    4,000 @ 0.25 EUR

  58. Adding12 Nov 25

    Added to position

    7,000 @ 0.25 EUR

  59. Adding12 Nov 25

    Added to position

    5,000 @ 0.25 EUR

  60. Adding11 Nov 25

    Added to position

    200 @ 0.315 EUR

  61. Adding11 Nov 25

    Added to position

    1,000 @ 0.315 EUR

  62. Adding11 Nov 25

    Added to position

    1,500 @ 0.295 EUR

  63. Adding24 Oct 25

    Added to position

    1,000 @ 0.5 EUR

  64. Adding24 Oct 25

    Added to position

    500 @ 0.495 EUR

  65. Trimming23 Oct 25

    Trimmed position

    3,000 @ 0.55 EUR

  66. Trimming20 Oct 25

    Trimmed position

    1,000 @ 0.6 EUR

  67. Trimming20 Oct 25

    Trimmed position

    500 @ 0.6 EUR

  68. Adding17 Oct 25

    Added to position

    1,500 @ 0.58 EUR

  69. Adding17 Oct 25

    Added to position

    3,000 @ 0.58 EUR

  70. Adding17 Oct 25

    Added to position

    1,000 @ 0.58 EUR

  71. Adding17 Oct 25

    Added to position

    500 @ 0.58 EUR

  72. Adding17 Oct 25

    Added to position

    3,500 @ 0.58 EUR

  73. Adding17 Oct 25

    Added to position

    1,000 @ 0.56 EUR

  74. Adding15 Oct 25

    Added to position

    2,000 @ 0.66 EUR

  75. Adding15 Oct 25

    Added to position

    1,000 @ 0.65 EUR

  76. Trimming14 Oct 25

    Trimmed position

    1,000 @ 0.68 EUR

  77. Trimming14 Oct 25

    Trimmed position

    5,500 @ 0.68 EUR

  78. Adding14 Oct 25

    Added to position

    500 @ 0.665 EUR

  79. Trimming10 Oct 25

    Trimmed position

    1,000 @ 0.63 EUR

  80. Trimming10 Oct 25

    Trimmed position

    3,500 @ 0.63 EUR

  81. Trimming10 Oct 25

    Trimmed position

    1,500 @ 0.64 EUR

  82. Trimming10 Oct 25

    Trimmed position

    500 @ 0.64 EUR

  83. Adding09 Oct 25

    Added to position

    5,000 @ 0.66 EUR

  84. Adding09 Oct 25

    Added to position

    3,000 @ 0.72 EUR

  85. Adding09 Oct 25

    Added to position

    1,500 @ 0.72 EUR

  86. Adding09 Oct 25

    Added to position

    500 @ 0.72 EUR

  87. Adding09 Oct 25

    Added to position

    3,500 @ 0.72 EUR

  88. Adding02 Oct 25

    Added to position

    500 @ 0.635 EUR

  89. Trimming30 Sept 25

    Trimmed position

    1,000 @ 0.67 EUR

  90. Adding26 Sept 25

    Added to position

    1,000 @ 0.57 EUR

  91. Adding22 Sept 25

    Added to position

    2,000 @ 0.4 EUR

  92. Adding22 Sept 25

    Added to position

    1,000 @ 0.395 EUR

  93. Adding22 Sept 25

    Added to position

    500 @ 0.395 EUR

  94. Adding22 Sept 25

    Added to position

    1,000 @ 0.395 EUR

  95. Adding29 Aug 25

    Added to position

    3,500 @ 0.19 EUR

  96. Adding29 Aug 25

    Added to position

    2,000 @ 0.19 EUR

  97. Adding29 Aug 25

    Added to position

    1,500 @ 0.19 EUR

  98. Adding29 Aug 25

    Added to position

    500 @ 0.19 EUR

  99. Adding11 Aug 25

    Added to position

    4,500 @ 0.18 EUR

  100. Building05 Jun 25

    Entered — building position

    2,500 @ 0.205 EUR

  101. Building02 Jun 25

    Entered — building position

    1,000 @ 0.195 EUR

  102. Building23 Apr 25

    Entered — building position

    500 @ 0.19 EUR

  103. Building22 Apr 25

    Entered — building short position

    3,500 @ 0.17 EUR

BCM on the Call Ledger

ClosedDirEntry → ExitHoldReturn
05 Jun 25SHORT0.17 → 0.2 EUR43d-17.65%
See the full Call Ledger →

Field notes mentioning BCM

No field notes mention BCM yet. Browse all field notes →

This page is a retrospective, descriptive disclosure of a single position in the founder's personal trading account — reconciled against IBKR Flex. Not investment advice and not a solicitation to buy or sell any security. Weight, entry and P&L are stamped with the data-freshness state; live figures may lag. Past performance is not a reliable indicator of future results.Diese Seite ist eine rückblickende Darstellung einer einzelnen Position im persönlichen Handelskonto des Gründers, abgeglichen mit IBKR Flex — keine Anlageberatung. Frühere Wertentwicklung ist kein verlässlicher Indikator für künftige Ergebnisse.Full disclaimer