Bushveld Minerals Share Discussion Threads

[kenco7] 28/3/2015 00:00

About the same for me but some how always knew this was going to be a start of a long road.Have plenty of faith in the board and how their do business.Alot of people been shouting about the PR element but i say just wait and watch events unfold.This share is going to make alot of people very rich DYOR

[sonofbanjosinger] 27/3/2015 21:36

been in for 18 months a few months makes no difference

[kenco7] 27/3/2015 21:09

Again not much doing again today but looks like today and yesterdays buys were being reported as sells.Very frustrating i know but the wait will be worth it me thinks.2 days till the end of Q1 so who knows what next week may bring.Good luck all holders !

[sonofbanjosinger] 26/3/2015 19:05

What are you expecting?

[mrenglish] 26/3/2015 17:59

Stand by your beds watch what happens in the next few days....

[neilyb675] 20/3/2015 11:57

Neg trade to buy with Halifax (trying 60k)

[katylied] 19/3/2015 16:55

That a single large shareholder may elect to take a listed subsiderary (more than 50% owned) private, is by no means unusual. When market conditions are poor, the benefits of doing so, may be even more pronounced. A typical rationale is in post 4119, pdf document (section 1.2).

In the case of BMN/LMR one might also consider the problem of the on-going court-case over permit 4578 (which is important), but could be better handled in private, without the listed requirement for 'blow by blow' disclosure and scrutiny. It is also known (last LMR quarterly) that there has been Chinese interest in the Imalato IPP. Should that ever result in an outright offer, there would be negligible benefit for the Chinese, having the project in an Oz company, let alone an ASX regulated one.

In fact BMN already have ASX 'delist' form on LMR. Go back to the takeover in 2013 and the possibility of 'delisting' was raised in the 3rd Supplementary bidder's statement, then reiterated in the 4th statement (section 2(c)).



BMN knew where they were going with LMR, from the outset. However, in the event they failed to get 75% of the equity, so they could not proceed with delisting without holding a further (and under ASX rules, restrictive) additional vote. However, those restrictions only covered the 12 month period after the takeover lapsed. It is now a quite different ball game. A simple majority vote will suffice to 'delist' and no 'related parties' would be disqualified from voting. Control of a delisted LMR (and its assets), would then lie entirely with BMN (50%+ majority shareholder). Those minority shareholders who stayed onboard, would retain only marginal influence compared to the previous ASX regulated regime.

[katylied] 17/3/2015 14:01

This is Balamara's (ASX:BMB coal company) notice for a General-Meeting on 31st March. The main motion (1) is to delist from the ASX. ~60% of the company is held by the 2 largest shareholders (who support the motion). ASX requirements are detailed in 1.1, only an 'ordinary resolution' (simple majority) is called for.

If you were to edit this delist relevent notice and replace 'Balamara' with 'Lemur' and 'Poland' with 'Madagascar/Africa', much the rest (especially 1.2 rational for delisting) could remain pretty much the same. BMN/LMR directors will no doubt be watching the outcome on 31st March.

[neilyb675] 17/3/2015 12:35

Lemur has executed a binding agreement to acquire 99.1% of Zaaiplaats Mining Proprietary Limited, a company incorporated in South Africa and the registered owner of two properties, namely the Remaining Extent of Portion 25 of the farm Gronfontein 227 KR and Portion 5 of the farm Roodepoort 222 KR, both located in the Limpopo Province of South Africa.

The properties are in a known mining district where various mine project expansion and development work is taking place on the platreef, namely Amplats' Mogalakwena open-pit and Ivanplats' Platreef project, as well as Bushveld's own Mokopane Tin Project focussed on the Groenfontein and separate Zaaiplaats hard rock target.

The ASX Announcement may be viewed in full here:

[katylied] 17/3/2015 10:07

Roskill Market Outlook Reports - Tin 2015 9th edition

[corbine] 11/3/2015 16:40

findley-stand alone iron ore miners/wannabees with single platform i agree-price is forecast to down near $50.
however the crec mou hinges on the titanium separation.
obviously the jewell is the vanadium asset-in discussions as are all platforms within bmn control

[neilyb675] 11/3/2015 12:41

multi platform

[nick26] 11/3/2015 11:10

call me silly if you like but what about the price of tin, vanadium, titanium or phosphate?

[apfindley] 11/3/2015 10:55

Iron ore price just keeps going down down down.So its a bit silly chasing miners like Bushveld at the moment.

[neilyb675] 11/3/2015 09:56

FULL ASK PAID

139,129 @ 2.75p

[illuminati1] 10/3/2015 22:34

Ignore KatySong for a moment and focus on the real news today!Link see previous post"Korean leading company Woojin sought 100 per cent of Mount Peake's vanadium product, however the company is in discussions with other companies in the alternative energy sector for the remaining 40 per cent of vanadium."Bushveld's world class Vanadium project will be the next bidding warDiscussions are ongoing...

[mungo888] 10/3/2015 21:26

I actually find KatyLied's postings very interesting.

Keep them coming!

You should be CEO of BMN - probably do a better job than the less than competent frequent flier miles collector we have now

[neilyb675] 10/3/2015 18:28

"So I'll say no more."

Hallelujah.

Could you keep that promise for say the next 10 years.

[katylied] 10/3/2015 17:42

Clearly you don't get out much. Trades were reported after the bell on the 4th and 5th of last week. It is not an unusual occurrence, particularly when it is only a few minutes adrift. Still, your grasp of 'logic' is to say the least unusual. So I'll say no more. Lets see what you can do with some more rope...

Hint - That is a green light for the last word...

[neilyb675] 10/3/2015 17:30

You gave an explanation of the trade codes which are known by me and a lot of other PI folk, you never gave an explanation for why it was reported after hours. I however did give an explanation and it was not faith based, I gave you some logic.

Evening.

[katylied] 10/3/2015 17:26

OK, so in short, your 'hunch' is faith based.
Good luck with that...

[neilyb675] 10/3/2015 17:18

Katy - thanks for your explanation of trades, I have as it goes got access to the trades via ADVFN live service, so I understand the coding system. It is unusual for a trade to be shown after hours like this, and I believe it was done so as not to create a stampede as there have been other large trades (buys) in the last few sessions.

[katylied] 10/3/2015 17:03

No, that is just your wishful thinking. It is marked 'O' (not 'T' for worked). It is almost certainly less than 6xNMS (not delayed) and not flagged 'L' (for late). So, based on the price, it is just a straight forward sell. The share price didn't get to where it is today, without people selling. No big deal...

[neilyb675] 10/3/2015 16:54

declared at 4.37pm - 375,000

I think this is a worked buy from earlier this morning. That's my hunch.

[illuminati1] 10/3/2015 15:50

Bidding war for vanadium projectsBMN currently in discussions...TNG signs vanadium offtake deal10-Mar-2015 02:24pmCategory: ResourcesMiningSubiaco-based minerals explorer TNG has signed an offtake agreement for vanadium from its flagship Mount Peake vanadium-titanium-iron project in the Northern Territory to South Korean-based Woojin.Under the terms of the deal, vanadium producer Woojin will buy at least 60 per cent of forecast product from the Mount Peake project at an undisclosed market-linked price.Woojin sought 100 per cent of Mount Peake's vanadium product, however the company is in discussions with other companies in the alternative energy sector for the remaining 40 per cent of vanadium.Potential pre-production financing terms have also been incorporated into the deal."The signing of a binding term sheet for vanadium offtake cements TNG's strategic plan as a potentially major player in the global value chain for vanadium supply, securing a long-term partnership with one of the world's leading ferro-vanadium producers in the Asian region," TNG said in a statement.Mount Peake is forecast to produce about 11,000 tonnes per annum of vanadium pentoxide over a minimum 20-year mine life.A binding offtake agreement is expected to be finalised in the next three months.TNG is currently undertaking a definitive feasibility study on the Mount Peake project.Managing director Paul Burton said the binding term sheet de-risked the project and underpinned its revenue forecast."We expect that a long-term offtake agreement will be concluded within three months, putting us in a very strong position to move ahead with project financing as soon as the feasibility study is finalised and delivered," he said.- See more at: