Bushveld Minerals Share Discussion Threads

[arf dysg] 20/10/2015 16:38

KatyLied (4292) "I did ask FM to throw us a bone... Thanks FM."

Thank you so much for making that happen.

[neilyb675] 11/10/2015 16:34

Pivot Point 2nd Level Resistance

3.590




Pivot Point 1st Level Resistance

3.507

[kenco7] 04/10/2015 23:17

Lets see what this week brings Bushwackers !

[mrenglish] 30/9/2015 16:16

Its frustrating however i think the wait will be worth it.

[katylied] 30/9/2015 13:48

RNS out, drilling update in the Vanadium resource AB-Zone. Some impressive concentrate grades even exceeding those of the MML. Had to laugh though when I read...

'The Company is focused on completing the PFS within the 2015 calendar year'

Quite an overrun, will soon have taken over 12 months. So much for Vanadium 'Fast Track'. They really need to get that PFS published. They have 5p warrants expiring in early Nov and possibly (depends when drawdown started), a 7p convertable loan note maturing at the end of Nov...

[katylied] 29/9/2015 15:06

RNS today notifies the conclusion of the LMR takeover and...

...This includes prioritising the Bushveld Vanadium platform, while considering options to unlock value inherent to the wider portfolio of Bushveld's tin assets and the Imaloto coal project in Madagascar...

Consider no further FM. If you want to seriously progress the Vanadium, BMN needs to get lean and mean. You have too many other stalled projects. Given Madagascar's enduring political paralysis (which continues to destroy foreign investment), just sell the coal-assets for whatever you can get and walk away. Ditto for the Tin, if you get any offer that covers+ what BMN has spent on that project, bite their hand off...

[katylied] 29/9/2015 09:11

alaskin75 - "I can't see how Glencoe would allow such a large resource and competitor start up under their noses..."

Ivan is of course, ever a law unto himself. However even by my standards, the pessimism being dumped on Glencore these days is shocking. The current GLEN chart is dreadful...

[apfindley] 25/9/2015 15:07

Eyes on GWMO permit news next week.

[neilyb675] 25/9/2015 14:08

TICKED UP

3.75 - 3.90

[alaskin75] 25/9/2015 06:53

Katylied, thank you for your response, well thought out and measured. We all know there are large risks when investing in AIM. One hopes that with enough hard work we can weed out the chaff but with the level of reporting (or lack of), it isn't always easy to achieve. To a certain level there has to be a level of trust and understanding. I do very much like BMN due to their geographical location, the vilojoens brothers involvement, the size and quality of the vanadium asset, the low caped, and now the cash on hand through the Lemur takeover are all very big positives for me.

My understanding is the company has always stated that strategic partners would be sort for the various platforms, which I take to be operators. They have never really budged from this position. My own gut feeling is that they are playing a game of chess. By stating and pursuing a route of operator/miner they create a better environment for negotiation of a sale, but this is only my musings. The vilojoens have helped identify, firm up and sell assets before after all. That does not mean that they haven't changed their approach. Thus far the vanadium asset is so good it may be that they want more of the action, but my gut says no.

If they were to push on with production, then they currently have a very attractive capex (PFS will further clarify this of course) and if the resource is declared as the world's finest or largest, or cheapest, the money would not be a huge hurdle.

As for the tin, I refer back to my point on strategic partners. I simply don't believe there is any appetite in the market place at the moment and the resource is not significant enough to warrant the boards limited time and resources. The quality and attractions of the vanadium have quite rightly overridden any other previous policy, iron included, as they try to establish themselves properly as a business rather than a very good idea. That is why the buy back is so interesting. By firming up and driving the vanadium (PFS), the share price will rise, enabling stronger placements to be made to finance the other assets. If this can be done with shares that the market already know about, even better. I still think they will sell the vanadium. I can't see how Glencoe would allow such a large resource and competitor start up under their noses. It's a very good fit for them in a market that is still very profitable. But then what do I know

[mrenglish] 24/9/2015 21:10

Bushveld Minerals - Share buy-back,Broker appointment & Lemur acquisition


hxxp://brrmedia.co.uk/event/140355/fortune-mojapelo-chief-executive-officer

[neilyb675] 24/9/2015 19:39

news - buybacks - radar - assets - share price north north north ............BIG GAINS HERE

watch this F space

[katylied] 24/9/2015 19:12

alskin75... I don't disagree with any of that really. You are right, I am pretty cynical, though some might say it is also about being 'realistic' as opposed to 'gung-ho'. Point is, AIM companies do go under (or more precisely, shaft their PIs) and with some frequency. I have experienced a few myself. With hindsight, the warning signs are always plain to see (though not so much at the time).

There is a lot to like about BMN's potential and with the LMR cash they face no immediate crisis. The share-buyback is IMO a positive (I did ask FM to throw us a bone... Thanks FM). The shares held in treasury can be sold back to the market at some future date. That only make sense if there is BoD optimism. Note that very few AIM companies do this. OK, they probably don't have funds, but also maybe the confidence.

However for all companies, it is the 'bottom line' that really matters. At some point BMN must cut deals, to create some positive cash-flow. Perpetual 'jam tomorrow' cash-burn is a road to nowhere. The assets won't come out of the ground (where they have been for millions of years), without deals. If I recall correctly, based on the presentations of a couple of years ago, we should by now be producing brownfield 'Tin' (ie. cash-flow). Never happened. Fine, the Vanadium came along in 2014 and priorities changed.

I actually thought we were fast-tracking the Vanadium, from mid last year. That seems to have now been re-announced with a 'Strategic Review'. To be honest, I think this is really about the BoD trying to buy time. The V-PFS should have been out by now (like the phosphate scoping study before it). The V-PFS is key to cutting initial deals. Once it is out, there is nowhere for FM and 'commercial' progress, to hide.

Look, BMN is/was an explorer, out to firm up assets and sell them on. Now we have all sorts of becoming a 'miner/producer' rhetoric. I have heard that line from AIM outfits, so many times before. Maybe BMN can actually do it. Having local infrastructure and brownfield is a great plus, that most AIM contemporaries don't have. The fact remains however, BMN have no bankable experience as miners/producers. Any such strategy, could well be a dead-end.

Note Ironveld (IRON), just up the road from BMN. They are going the miner/producer route, DFS out long ago, but real progress since then seems glacial. Of course, if IRON do manage to get off the ground, it will be good news for BMN... just no sign of that happening yet...

[neilyb675] 24/9/2015 18:05

Great day, hope some of the buys were buy-backs from the company as per stated intention.

[alaskin75] 24/9/2015 17:10

Katylied, whilst I respect your view point it does come across very negative on a company that has made remarkable progress given the relatively short timescales involved between the vanadium platform being launched (Nov 2013) and the completion of the PFS. During that time the company has had to deal with an unexpectedly long and major collapse in the commodities market, whilst realising an ever expanding vanadium resource, which even now is still to be fully realised (AB zone). For any business that would be difficult to manage. Their response was to launch and successfully complete a takeover of Lemur, which in my opinion should not so easily be discounted. Yes it took a long time but Lemur was never going to just like down and give up their cash easily, and time was on the company's side as the vanadium platform is being progressed. Where I would criticize the company is in their reported timescales, which like many AIM junior miners are often overstated. The updated timescales released on 8th July 2014 stated a 2015 release for the PFS but the company later stated on 20th Nov 2014 it would be 1H 2015. This date has now been missed, which although not uncommon by any means is quite rightly frustrating for investors, particularly when there is no update given. But this in no way affects the fundamentals, which are that the company is sitting on well over 4m tonnes of vanadium and have sufficient cash not only to pay for all foreseeable expenses (ie no disillusion) but also are confident enough in what they have seen so far in the vanadium platform, that they are prepared to strengthen their position by buying back shares. Very positive movements indeed

[thegrumpster] 23/9/2015 22:06

"Buy back ..SP flat for a while then?"

Maybe down a little first....get the buyback off to a good start?

[katylied] 23/9/2015 20:43

The loan deals (Riverridge and Darwin) are if I recall correctly, both convertible at a far higher share price (8p and 7p). The time period for both was 6 months from the first drawdown. In the case of Darwin, that could as soon as the end of November 2015. The situation with Riverridge is less clear, as drawdown may not yet have occured. If BMN cannot get the share price up to 7p+ by the end of November, or Darwin chooses not to convert, BMN would have to repay the loan either from cash or perhaps by using the Riveridge facility (thereby delaying for a further 6 months). All of which is pretty messy/expensive. Far better to get the share price up. That won't happen without some serious positive near term newsflow. Question is, have they got any? There has been endless 'talking the talk' from FM, but precious little 'walking the walk' (I don't count the Lemur takeover, which started in 2013 and took forever). We have now just recently had the dreaded 'Strategic Review' euphemism. Rarely a good omen for an AIM tiddler, that should already know what the business plan is...

[thegrumpster] 23/9/2015 20:19

Doesn't seem likely that they'll spike it up with news in the short term, but probably catch a few out when they do release eeehhaaa news.

[thegrumpster] 23/9/2015 20:16

Buy back....SP flat for a while then?

[kenco7] 23/9/2015 17:46

hxxp://investingnews.com/daily/resource-investing/industrial-metals-investing/vanadium-investing/junior-vanadium-mining-stocks/

[katylied] 22/9/2015 17:01

BMN's private investor unfriendly AGM (in Guernsey) tomorrow. C'mon FM, throw your PIs an effing bone. This is a public listed company, not your personal private sandpit...

[katylied] 21/9/2015 16:24

Tom Tipple is responsible for Imergy Power Systems's activities in Europe, Africa and the Middle East, and talked PV Tech Storage through some of the key characteristics of those markets...

In this video (1/9/2015) talks about market opportunities in South Africa and then goes on to talk about Germany...

[kenco7] 20/9/2015 00:15

This week guys..not far away now

[sonofbanjosinger] 14/9/2015 22:07

Thanks for the link. Looks like we are turning a corner

[kenco7] 14/9/2015 21:20

Aimseer thanks for posting the link