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Share Name Share Symbol Market Type Share ISIN Share Description
Bushveld LSE:BMN London Ordinary Share GG00B4TM3943 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.05p +0.15% 34.30p 1,560,388 16:00:28
Bid Price Offer Price High Price Low Price Open Price
33.60p 35.00p 34.50p 34.25p 34.30p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.21 -0.68 -0.12 383.8

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Date Time Title Posts
15/2/201914:19Bushveld Minerals7,517
30/5/201821:2110 bagger Road to production94
28/3/201811:35NEW Bushveld Minerals (Moderated)42
05/12/201720:46Good management117
27/8/201721:44Google Synohydro Gabon35

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Bushveld Daily Update: Bushveld is listed in the Mining sector of the London Stock Exchange with ticker BMN. The last closing price for Bushveld was 34.25p.
Bushveld has a 4 week average price of 33.50p and a 12 week average price of 33.50p.
The 1 year high share price is 50.10p while the 1 year low share price is currently 7.90p.
There are currently 1,119,057,953 shares in issue and the average daily traded volume is 3,161,482 shares. The market capitalisation of Bushveld is £383,836,877.88.
plat hunter: Psboy.. You're a pathetic fantasist at best and a summer at worst.You've already cost some people 40% of their wealth with your amateur ramping and i'll informed perspective.The only fundamentals that matter here is the Share Price, production and V price.Share price down, poor proud room and a V price which as halved.Unlucky
nickderby: Just for you Plat. A reminder of the latest broker targets. SP Angel - target 87p. This is based on FeV prices of $75 per kg for 2019,2020 and a long term price of just $45 per kg. ARC - target 50p. This is based on FeV prices of: $80 per kg in 2019, $70 per kg in 2020, $60 per kg in 2021 and long term prices of $45 per kg. However, their target share price increases to £1.36 at an FeV price of $100 per kg and Rand/$ rate of 14. Using a discount rate of 5% with FeV at $100 per kg, ARC have a share price target of £2.23. Fortune Mojapelo ‘The story of Bushveld Minerals is not yet half told’. An excellent 2019 coming up! :)
nickderby: Apart from the share price you’ve just been making stuff up. You certainly don’t encourage people to check information themselves, you just shout them down with obscene language. Pretty much a school yard bully! I don’t make short term share price predictions because they don’t interest me. What I will say is that I expect the share price to be substantially higher than this is 12 months time! That’s all that interests me.
jc2706: Sorry, I have not speculated on the share price here in the short, medium or long term. Sure, I have invested and expect the share price to rise over time but my investment is based on my assessment of the fundamentals. Should these change then I will reassess. They have changed to some extent as the production profile has dropped at the same time as the Vanadium price has risen and then dropped. On that basis the outlook based on the known information has worsened. However, I believe that the Vanadium price is very likely to rise from this point during the rest of the year based on many reasons that have been mentioned before. On this basis alone I am not selling. There is also the potential for the production profile to rise this year as the management get to grip with the issues that have been encountered. I cannot say for sure whether this is the case, however I am willing to give them some time to do so. There is, in addition, a stated aim to improve this production profile further in the medium term to 10,000mtv. This is a target and time will tell whether they achieve this. So the 'pro' case is based on an expectation of rising Vanadium prices (when even at current prices the company is very cash generative based on known information) combined with the potential for increasing production. The 'con' case is based on the fact that the production profile has been falling with no evidence to suggest that these issues have yet been overcome. In addition the commodity price has fallen substantially from the highs of late last year. There is also the potential for geopolitical instability. The fact that the share price has risen greatly over the last couple of years also has potential bearish implications as those with large profits will, at the very least, consider realising some of these. I don't see why this makes me the 'lowest of the low'.
jc2706: OK, no problem. Apologies accepted! I actually agree with you on one fundamental point - the majority of the success of the company since the Vametco purchase has been outside of the company's control - i.e. the Vanadium price. We have had a catalogue of issues over the last 6-12 months but the Vanadium price has washed all of those issues away in a stream of revenue. The Vametco purchase was a stroke of genius or a very fortunate act - either way it has proven to be extremely profitable and has justified itself. 2019 is an interesting year for BMN. They clearly have a problem and it is how they deal with it that will be the basis for assessing whether the year was a good one or a bad one. However, I fully expect the Vanadium price to recover strongly as the dynamics of the market have not changed despite the significant pull back. And it is because of that view of the Vanadium price that I remain invested - if production volumes went nowhere but the Vanadium price soared then the share price would still respond strongly.
jc2706: The share price is currently at the point where it could go either way as it is approaching serious support. Good news would transform the situation as would bad news! Unfortunately BMN's biggest weakness is communication and the reports since buying the Sojitz stake has been pretty poor. Let's hope that this changes with a good Lemur report (a JV would be great, a sale even better), confirmation of successful commissioning of the VRFB (failure would reflect extremely poorly, particularly on UET) and some progress towards increasing production (again poor production numbers would reflect badly). Whilst the market capitalisation is not huge compared to the free cash that has likely been generated in Q4, it is no longer a microcap so disappointments will have a greater effect. All of that said, we are starting a period where there is a great deal of news arriving and if it is positive this could push the share price into resuming its upwards momentum. Getting rid of the constant background selling would also be a start!
2prsimo: psbhoy It is still bang on support at the moment at 38.5p. A head and shoulders would form if you took the trading from October to November as the left-hand shoulder at 27-30p, the head is the 40-50p range; so to complete the formation the right-hand shoulder would have to see the share price come back to the 30p area. It's all tea-leaves stuff and may not happen; good news of course and the share price could race away again. I think BMN have news due on their dividend and a licence so we'll see. Add in general market jitters and it will be interesting to see which way the chart goes. All in all though BMN is a solid hold
abbotslynn: Another great encouragement for our share price from the internet today- Using the production guidance of 3,680 tonnes, FeV at $75 per kg and all in costs of $25 per kg (conservative), Vametco generates $184m net profits, our share is $107m. That gives us profits after tax of £57m and a forward PE of just 4.11 at the current share price of 21.85p. A fair PE of 15 would increase our share price to 80p. Production increases to 5,000 tonnes pa next year, increases our share of profits after tax to £77m, giving us a forward PE of just 3.02. A fair PE of 15 would increase our share price to £1.08. Taking out Sojitz and producing 5,000 tonnes pa at the current FeV price increases our profits after tax to £98m, giving a forward PE of just 2.38, at the current share price of 21.85p. A fair PE of 15 would increase our share price to £1.38. This just takes into account Vametco. Bring on Mokopane, Brits, Bushveld Energy, electrolyte, Eskom, brownfield, Imaloto coal, etc! :)
abbotslynn: Thought I would pass on this message by a fellow BMN holder on another internet site this week- Enjoy Imo, there is an excellent chance that Bushveld’s share price will be well in excess of £1 next year. Firstly, last week’s webinar confirmed our thoughts on the future of the FeV price. Demand/supply forecasts show that it is going to be a very favourable period for all vanadium producers over the next few years. The supply shortage is set to continue; there will be growing vanadium demand and only limited new supply coming on line, mainly through our own expansion and from Largo’s expansion. Therefore the FeV price will remain very strong throughout this period and from a starting point of around $70 to $75 per kg, any bounce will be very positive for both BMN’s profits and therefore it’s share price. Secondly, we know that Phase 3 of the Vametco expansion is underway and is likely to be finished ahead of schedule, taking our production to over 5,000 tonnes pa. Thirdly, the planned Sojitz buyout will take our Vametco share to 74%. Buying out Sojitz and producing 5,000 tonnes pa at an average FeV price of $75, gives Bushveld profits after tax of £95m, giving a forward PE of just 2.61, at the current share price of 23.2p. With our incredible growth prospects, I think it is easy to justify a PE of at least 15. That would give us a share price based on those figures of £1.33 later next year. The FeV price almost certainly has further to rise from its current levels, increasing our profits and therefore our share price even further. Also, bear in mind that this valuation only takes into account our share of Vametco. We also have so much more to come. In no particular order. Mokopane mining licence (imminent). Details of Mokopane early revenue generation. Brits vanadium resource news. Bushveld Energy contracts/progress. Electrolyte production news. Eskom VRFBs. Potential brownfield addition. Imaloto coal. etc! It’s been said many times before, Vametco is definitely just the launchpad. Bring on £1 and beyond! DYOR of course :)
nickderby: Bookwormrobert sold out on 23rd Feb when the BMN share price was 2.9p as he thought it was overvalued! Lol. He invested in BMR instead. With advice like that it's probably better to stop giving investment advice! :)
Bushveld share price data is direct from the London Stock Exchange
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