Bushveld Minerals Share Discussion Threads

[sonofbanjosinger] 29/5/2015 07:48

Unbeliveable can't you read. An excellent deal for BMN.

[asturius101] 29/5/2015 07:33

Yep, share price death spiral on the way no doubt

[bckttsim] 29/5/2015 07:31

The dreaded Darwin loan agreement.Company breaker.

[katylied] 29/5/2015 07:05

"Elon Musk And Tesla Have A Real Rival In The Energy Storage Race As Imergy Forges Ahead..."

FoxConn is making our products going forward with assembly lines in China… That’s our secret – how to make vanadium batteries cheap... There are only a few companies in Africa making lead acid batteries, so we have a great opportunity there… we will be making a couple big announcements really soon...Part of Imergy’s strategy is to sell at volume in Africa and India, so that the company can drive volume pricing on the ancillary equipment necessary to build the batteries...

[neilyb675] 28/5/2015 14:27

4.00 - 4.50 (GBX) at 14:20:21
on Market (LSE)

[neilyb675] 28/5/2015 14:22

80,414 @ 4.35p - BUY

[kenco7] 26/5/2015 21:52

Its looking very positive for us now with more news on the way.One thing to remember just keep hold of the golden tickets DYOR

[manni786] 25/5/2015 13:56

Getting interesting now- the real rise will come once confirmation lands Lemur (and its cash hoard - not to forget Imaloto) are in the bag (id say to around 8p). Then come PFS i genuinely expect this to be a minimum of 15-20p. (Still less than when BMN listed). As on LSE see the rise TNG (mount peake vanadium) had when they were at a similar stage to BMN - even if we get half the rise (remember bmn has a larger resource that will be cheaper to mine) this will easily achieve 20p- iv intentionally been very conservative. As always though dyor folks. Broke all my rules and invested all I could here- time will tell if i get it right! (Very confident i will!) ATB

[neilyb675] 22/5/2015 07:51

Pivot Point 2nd Level Resistance

4.567


Pivot Point 1st Level Resistance

4.433

[katylied] 20/5/2015 15:23

Good point bill182 about cheap placings. As long as this LMR takeover wheeze succeeds, there can be absolutely no excuse for anymore cheap placings. The LMR cash should keep BMN financially sound for a couple of years (assuming in due course, some 3rd party involvement helps fund the vanadium DFS).

Note, the current 10% offer commitment probably includes LMR directors' 4.4%, which is a nice little earner for them, since they were awarded the shares at no cost. BMN will of course also get the recent LMR/Zaaiplaats tin deal plus the Madagascar coal assets. The coal may have little value at present (court verdict still unknown and IPP project stalled), but some Chinese/local outfit might still be interested at a knockdown price. Interview with FM below. Everyone and their dog knows it is all about LMR's 'cash'. The interviewer does her best to get FM to admit that, but without success... :o)

[proactivest] 20/5/2015 15:22

Video interview with CEO Majapelo



Fortune Mojapelo, chief executive of Bushveld Minerals (LON:BMN), tells Proactive Investors the reasons behind the off-market takeover offer for the rest of Aussie-listed Lemur Resources (ASX:LMR).
Bushveld currently owns just over 63% of Lemur and is attempting – for a second time – to snap up all the shares.
Mojapelo says it’s an attractive offer for shareholders of Madagascar-focused Lemur. Bushveld‘s offer is six Aussie cents for each share, which values Lemur overall at AS$10.9mln (£5.6mln). Bushveld also revealed today it has raised £2.6mln through a convertible loan with 5.2% shareholder Riveridge to fund the bid.

[bill182] 20/5/2015 14:32

Katy - good to get your take on today's RNS. It very much now looks like BMN can avoid a further placing at these low prices and once the terms sink in, there should be a gradual increase in the share price as we await the all important vanadium news.

[katylied] 20/5/2015 09:43

This looks IMO as a pretty decent financial deal (IMO a first for BMN). They borrow money (£2.60m for 6months @ 15% = £3m repayable, or loan is converted at 8p/share = 100% premium to yesterday’s SP). The money will finance a cash purchase (takeover) of the remaining LMR shares (66,570,904) @6c/share (total cost = £2.05m). So (£2.60m-£;2.05m) leaves at least £550,000 excess, which would be more than sufficient to repay the MWI loan ($500,000=£332,132) that matures on 2015/07/23.

The LMR offer already has a 10% (of total LMR shares) commitment. Add a bit more, and BMN will cross the 75% of LMR threshold. The offer will go unconditional (loan drawdown enabled), when BMN’s holding + commitments reaches 90% of LMR shares (ie. compulsory purchase threshold). The deadline to achieve that is 2015/09/30. However, both the ‘unconditional’ terms and ‘deadline̵7; are often a moving target with takeover offers. The Redbird takeover of BAO for example, relaxed the initial ‘unconditional’ terms quite considerably, before finally delisting BAO today.

BMN has clearly stated, that should the offer go unconditional, BMN will delist LMR. So that looks pretty much a slam-dunk at this point, the only question being precisely when. Since LMR is already a BMN subsidiary company, once delisted, even if still less than 100% owned by BMN, the LMR cash will be immediately available to BMN via inter-group transactions.

Currently LMR has (estimate) about A$13.30m = $10.50m = £6.78m cash. When this action concludes, BMN will have access to all of it. That will represent a major improvement in BMN finances. I think the loan at 8p/share (conversion) is a fair expectation of the post-takeover SP, though the market may hold off until the offer is confirmed as ‘unconditional’ and LMR delists...

[neilyb675] 20/5/2015 07:20

Riveridge is an existing shareholder in Bushveld with an interest in 25,000,000 ordinary shares representing 5.2% of the existing issued share capital. The Convertible Loan could be converted into new ordinary shares in Bushveld at a price of 8 pence per share and if the Convertible Loan is converted in full, Riverridge would become interested in 9.9% of the enlarged issued share capital.



Terms of the Subscription Agreement

The Company has entered into the Subscription Agreement to support the off-market takeover offer, announced today, to acquire all of the ordinary shares in Lemur Resources Limited ("Lemur") that the Company doesn't currently own (the "Offer"). Bushveld currently has a Relevant Interest in Lemur of approximately 63.6%.

[palinka] 19/5/2015 16:25

The way the mm's are playing this, we might well have RNS coming

[neilyb675] 19/5/2015 15:23

palinka - totally agree, this is now coming out of the "under the radar" phase....about to show its beauty

[palinka] 19/5/2015 15:16

Not long now to buy in pre news. going to get very exciting coming weeks/months..........

[neilyb675] 19/5/2015 14:43

206,056 @ 4.23 BUY

[neilyb675] 19/5/2015 12:30

250,000 @ 4.15 BUY

[neilyb675] 19/5/2015 11:02

4.22 entrance price

[neilyb675] 19/5/2015 11:00

4.10 - 4.25 (GBX) at 10:55:34
on Market (LSE)

[neilyb675] 19/5/2015 10:50

FULL ASK PAID, and spread narrowed

4.10 - 4.15 (GBX) at 10:45:29
on Market (LSE)

[neilyb675] 19/5/2015 10:39

169,575 @ 4.125 BUY