Share Name Share Symbol Market Type Share ISIN Share Description
Bushveld LSE:BMN London Ordinary Share GG00B4TM3943 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40p -5.97% 6.30p 6.25p 6.35p 6.675p 6.025p 6.65p 15,217,982.00 16:26:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.8 -0.4 - 43.82

Bushveld Share Discussion Threads

Showing 4601 to 4625 of 4625 messages
Chat Pages: 185  184  183  182  181  180  179  178  177  176  175  174  Older
DateSubjectAuthorDiscuss
24/3/2017
15:18
A good honest write up Katy ...like it.
sonofbanjosinger
24/3/2017
15:08
Close of trading today marks BMN's 5yr anniversary since flotation on AIM. BMN came to market on 2012/03/26 with a £56.7m MktCap. They had only the Mokopane Tin project (JORC 5000+t), the Bushveld Iron Ore project (estimated 600+mt) and a great deal of exploration work still to be done. Since then (excepting the last few weeks) the company has seen the MktCap in almost constant decline and very substantial dilution to LT shareholder interests. Tin and Iron-Ore assets are firmer and substantially larger now and both ores have seen market price recovery. An impressive Vanadium resource has been added, plus a (more dubious) coal asset. The company is also on the brink of acquiring a significant part of Vametco, a production asset that can add that most elusive of benefits = 'cash-flow'. There is also the possibility that the VBkom JV is not yet dead, rather just awaiting the outcome of the Namibian Tin due diligence. It has been a long journey, with plenty of missteps. Doesn't look like that initial MktCap will be recovered by this 5yr anniversary, but nevertheless, year 6 now has all the potential for a much brighter future... Shareholders certainly deserve some payback...
katylied
24/3/2017
14:34
Sp still under pressure, despite the LTH rallying call on the other site. Too much, too soon. Needs a big rest.
divmad
24/3/2017
09:23
To correct some of the spurious nonsense peddled on here today about the cost of Vametco vs value and the motivations behind EVRAZ. Firstly, the 2016 Annual report was quoted yesterday and quite correctly with an ongoing process to dispose of the Vametco asset for $17ish Million how much does anyone expect them to assign it on their balance sheet. If you bother to look at previous years annual report s you can find different valuations quite easily. There was in fact an offer made for the facility at closer to $50million but it was contingent upon securing other assets as well ( at additional cost) but that failed early on in the Business rescue process. Next, under EVRAZ Vametco made Nitrovan (not FeV incidentally, V2N) not from mined ore from the Vametco Mine, but from the SIag produced from their Steel works which operated under an EU competition ruling stipulation using Ore from the Mapochs Mine. EVRAZ were in the throws of trying to procure access to the Brits Ore from Sable Mining when BMN bought Brits out from Sable. With Mapochs all but played out and the Steel price in free fall EVRAZ could not exit this loss making venture quickly enough. The only part of that campus business that made money in the last three years was in fact Vametco. EVRAZ even reverted to generating Nitrovan from Vametco ore once the SIag was no longer available to them and continued to turn a profit. Anyone who followed the Business rescue process closely enough would have realised that EVRAZ were intent on retaining Vametco for a long time and only when the SA government effectively blocked their attempts to get out of the mess that was the Steel business too cheaply did they decide to cut their losses and exit SA altogether. The higher offer for Vametco was stymied by the failure of EVRAZ to secure Mapochs and when Vanchem closed its doors too and laid off the staff so quickly the Vametco bid evaporated leaving a deal for Bushveld who had been quietly doing their due diligence and cultivating a relationship with the SA government and the Unions too. In terms of output and profit, the numbers are there for all to see and even prior to debottlenecking, the plant will make a Gross profit at current 2419 Tonnes Vanadium equivalent production at todays price for Nitrovan of about $36.5Million of which BMN's share is a shade under $10m. To those who have been trying to sew doubt and misinformation, before you come on here spouting B/S do some proper research or crawl back under your rock. I have been in email communication with the Business rescue practitioner, with the Unions steering committee and for a long time with a local SA Journalist whom I tipped off to get the scoop that broke the BMN bid story - her information was very useful in piecing things together. I suppose you used Google or Ask. Please just give up and go away. Too many people on this board are too well informed to be hoodwinked by a set of faded Gordon Geko Braces and some sly patte
psbhoy
24/3/2017
09:14
@Sonof - even if that is the reason there is no need to sell at this price without good reason. In any case they could take higher offers elsewhere. Show me another transaction done at these levels recently?
loglorry1
24/3/2017
09:11
Because they are moving out of South Africa ..lock stock and barrel....which obviously you already know ...
sonofbanjosinger
24/3/2017
08:52
@Sonofbanjosinger that's a decent post and sounds very lovely but it makes no sense whatsoever. Why would Evraz sell an asset that was making a profit of $10m/year for just $16m. There is absolutely no reason for this. I think when we see the terms of the mezzanine debt bulls will be horrified. Log
loglorry1
24/3/2017
08:03
From Ophidian....BRILLIANTTo correct some of the spurious nonsense peddled on here today about the cost of Vametco vs value and the motivations behind EVRAZ. Firstly, the 2016 Annual report was quoted yesterday and quite correctly with an ongoing process to dispose of the Vametco asset for $17ish Million how much does anyone expect them to assign it on their balance sheet. If you bother to look at previous years annual report s you can find different valuations quite easily. There was in fact an offer made for the facility at closer to $50million but it was contingent upon securing other assets as well ( at additional cost) but that failed early on in the Business rescue process. Next, under EVRAZ Vametco made Nitrovan (not FeV incidentally, V2N) not from mined ore from the Vametco Mine, but from the SIag produced from their Steel works which operated under an EU competition ruling stipulation using Ore from the Mapochs Mine. EVRAZ were in the throws of trying to procure access to the Brits Ore from Sable Mining when BMN bought Brits out from Sable. With Mapochs all but played out and the Steel price in free fall EVRAZ could not exit this loss making venture quickly enough. The only part of that campus business that made money in the last three years was in fact Vametco. EVRAZ even reverted to generating Nitrovan from Vametco ore once the SIag was no longer available to them and continued to turn a profit. Anyone who followed the Business rescue process closely enough would have realised that EVRAZ were intent on retaining Vametco for a long time and only when the SA government effectively blocked their attempts to get out of the mess that was the Steel business too cheaply did they decide to cut their losses and exit SA altogether. The higher offer for Vametco was stymied by the failure of EVRAZ to secure Mapochs and when Vanchem closed its doors too and laid off the staff so quickly the Vametco bid evaporated leaving a deal for Bushveld who had been quietly doing their due diligence and cultivating a relationship with the SA government and the Unions too. In terms of output and profit, the numbers are there for all to see and even prior to debottlenecking, the plant will make a Gross profit at current 2419 Tonnes Vanadium equivalent production at todays price for Nitrovan of about $36.5Million of which BMN's share is a shade under $10m. To those who have been trying to sew doubt and misinformation, before you come on here spouting B/S do some proper research or crawl back under your rock. I have been in email communication with the Business rescue practitioner, with the Unions steering committee and for a long time with a local SA Journalist whom I tipped off to get the scoop that broke the BMN bid story - her information was very useful in piecing things together. I suppose you used Google or Ask. Please just give up and go away. Too many people on this board are too well informed to be hoodwinked by a set of faded Gordon Geko Braces and some sly patte
sonofbanjosinger
24/3/2017
08:02
From Ophidian....BRILLIANTTo correct some of the spurious nonsense peddled on here today about the cost of Vametco vs value and the motivations behind EVRAZ. Firstly, the 2016 Annual report was quoted yesterday and quite correctly with an ongoing process to dispose of the Vametco asset for $17ish Million how much does anyone expect them to assign it on their balance sheet. If you bother to look at previous years annual report s you can find different valuations quite easily. There was in fact an offer made for the facility at closer to $50million but it was contingent upon securing other assets as well ( at additional cost) but that failed early on in the Business rescue process. Next, under EVRAZ Vametco made Nitrovan (not FeV incidentally, V2N) not from mined ore from the Vametco Mine, but from the SIag produced from their Steel works which operated under an EU competition ruling stipulation using Ore from the Mapochs Mine. EVRAZ were in the throws of trying to procure access to the Brits Ore from Sable Mining when BMN bought Brits out from Sable. With Mapochs all but played out and the Steel price in free fall EVRAZ could not exit this loss making venture quickly enough. The only part of that campus business that made money in the last three years was in fact Vametco. EVRAZ even reverted to generating Nitrovan from Vametco ore once the SIag was no longer available to them and continued to turn a profit. Anyone who followed the Business rescue process closely enough would have realised that EVRAZ were intent on retaining Vametco for a long time and only when the SA government effectively blocked their attempts to get out of the mess that was the Steel business too cheaply did they decide to cut their losses and exit SA altogether. The higher offer for Vametco was stymied by the failure of EVRAZ to secure Mapochs and when Vanchem closed its doors too and laid off the staff so quickly the Vametco bid evaporated leaving a deal for Bushveld who had been quietly doing their due diligence and cultivating a relationship with the SA government and the Unions too. In terms of output and profit, the numbers are there for all to see and even prior to debottlenecking, the plant will make a Gross profit at current 2419 Tonnes Vanadium equivalent production at todays price for Nitrovan of about $36.5Million of which BMN's share is a shade under $10m. To those who have been trying to sew doubt and misinformation, before you come on here spouting B/S do some proper research or crawl back under your rock. I have been in email communication with the Business rescue practitioner, with the Unions steering committee and for a long time with a local SA Journalist whom I tipped off to get the scoop that broke the BMN bid story - her information was very useful in piecing things together. I suppose you used Google or Ask. Please just give up and go away. Too many people on this board are too well informed to be hoodwinked by a set of faded Gordon Geko Braces and some sly patte
sonofbanjosinger
23/3/2017
16:30
Enewman - watch and learn the painful way how shares are pumped and dumped on AIM. By the way, I'm hardly alone in spotting that Bushveld is a pile of ordure - there's an article on Share Prophets about it. You might also ask yourself why Vametco was on sale; it's something to do with the previous owner, Evraz, finding out that they were losing money with it.
bookwormrobert
23/3/2017
16:06
Same goes for your disciple Palinka....
enewman36
23/3/2017
16:06
bookworm you nob, they just had a placing recently, short to your hearts consent, hope you get skinned! DYOR before making stupid comments
enewman36
23/3/2017
07:13
Bookworm touche
palinka
22/3/2017
18:22
No. Bushveld now ridiculously overvalued; I'm going short and waiting for the placing and the slump after the pump. The current price is pure BS.
bookwormrobert
21/3/2017
14:31
BMN nearly 400% up over the last few months with plenty more to come
sonofbanjosinger
21/3/2017
14:24
next to rise ala BMN, is RGM and JLP.
nash81
21/3/2017
11:44
Not too shabby!! :-)
palinka
20/3/2017
08:51
"The Wogen Financing comprises a US$3.0 million Product prepayment as part of the acquisition debt package for the Acquisition Transaction and inventory and receivable financing of US$6.0 million to optimise the position of the operations of Vametco Alloys. The Agreement provides for full repayment of prepayment facility by the end of 2018, notwithstanding it being repayable on demand. The overall term of the Agreement is five years, renewable by mutual agreement and Wogen will market the Product globally on an exclusive basis, with the exception of Japan and Taiwan which markets are covered exclusively by Sojitz Noble Alloys Corporation, the minority partner in SMC. Bushveld has agreed to guarantee Bushveld Vametco's payment obligations under the Agreement... As part of the Agreement, Wogen will receive 15,000,000 Bushveld warrants, each of which entitlies Wogen to subscribe at any time during the subscription period of three years in cash for one ordinary share in the capital of Bushveld Minerals Limited at the subscription price of 7.0 pence..." HTTPS://www.wogen.com/
katylied
20/3/2017
08:46
Evraz acquired 73% of Strategic Minerals Corporation for $110m in 2006, which owns the Vametco Vanadium Mines, Bushveld is buying the same company for $17m, 15% of the original purchase price-I don't know how productive the mines are but its always good to pick up things in the sale, and the Vanadium price is rising. The ability of the company to seal a sales/financing agreement with Wogan Resources PDQ highlights the attractiveness of the Strategic Minerals deal for Bushveld.
utsushi
20/3/2017
08:00
Watch carefully this one has been under the radar for far too long
sonofbanjosinger
10/3/2017
08:59
4583 - lol! Classic. Plays the man, never the ball. Pretty much sums up the LSE BB... Ho Hmmmmm...
katylied
10/3/2017
08:03
You have to love this share so under the radar on ADVFN. Look in on LSE and over 200 postings a day
vauch
09/3/2017
22:58
Katy I have never seen a person, who is well in profit with a share ...actually be so negative about it......I think you are the person that looks a fool...26% up yesterday, 18% up today and up over 200% from its low....time to wake up and smell the coffee.
sonofbanjosinger
09/3/2017
22:21
@Bookwormrobert .reading a few of your posts on BMN I conclude that you are the most ill researched poster in all my years of trading I have ever come across. You really need to get out of investing on the AIM before you lose the shirt off your back.
loudspeaker
09/3/2017
12:04
4581 - "Well someone has to talk to you Katy ...as you are a bit of a sad case !!!..." No, you don't need to talk to me. Its just that in the apparent absence of any kind of life, it seems to be all you have... I'll put you on filter (the trash can) for a while. I know it may not stop you blathering, but you really don't need my help to make a fool of yourself. You will do a fine job all on your own... Sonofbanjosinger9 Mar '17 - 11:51 - 4581 of 4582 0 0 (Filtered) Enjoy...
katylied
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