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
  +0.525p +4.04% 13.525p 13.30p 13.75p 13.85p 13.05p 13.05p 4,028,304 11:00:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.3 - 122.80

Bushveld Share Discussion Threads

Showing 5826 to 5845 of 5850 messages
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Very quiet here today. Especially since we broke into the 13s
Good consolidation and poised for s love into the 13/14p range tomorrow
And it will now allow the rerate to take hold. onto 30p
... As far as Atlas selling anything now they just converted (essentially bought) 8M at 8.32p and would be insane to sell a single share until the rerate has run its course.
Are you refering to?... HTTP:// If so, I would say no. Firstly IPP projects take a long time to get built and deliver revenue (if ever). The project BFS is supposed to be completed in H1 this year. That is another important milestone, but there will be others before financial close (hopefully in 2019 at the latest, with all permits in place). You should take a longish view on Lemur's IPP, but it is possible that Lemur will get floated in the more near term like AfriTin, but hopefully with more success for BMN shareholders. Personally I would prefer it, if BMN could just trade sell Lemur on, for cash. The reason for this week's BMN share price rise, is simply that BMN has been like a coiled spring (substantially undervalued on it's Vametco operation) while a large shareholder (probably Erongo) has been dumping shares (and depressing the SP) for some months. That now seems to have been cleared, though it remains to be seen whether Atlas have also been selling (they will have a further ~9 million shares as of next Tuesday). There has also been much good news in South Africa with Zuma's fall. The expectation now is that SA is about to become much more investor friendly (particularly mining) under a much more competent (and honest?) new President Ramaphosa. So there has been pent up pressure under BMN's SP, most of it IMO, being Vanadium/Politics related...
Is the news regarding coal on mining weekly cause for some of this rise.
Wow what a finish!
Thanks JakNife, but like I said I don't really care. There was some useful stuff in it and given the share price target of just 14p and FeV target of US$30/kg by 2020, clearly BMN weren't paying them anywhere near enough... :o)
Share of the year for me last year...and likely to do the same again this year
ARC is Shard Capital. Think "Beaufort but still solvent". If you read the notes the document basically says that Share were paid money by Bushveld to write something nice about them and so Shard wrote that.
Not invested here but it's all looking good for you guys. BMN an MRS will be best performing shares this year I reckon.
I've no idea who these ARC guys are (nor care much), but there is a lot of quite useful information in this 40 page analyst note. They may have set a current share price price target of just 14p, but overall it reads as a very conservative analysis which assumes the longer term FeV price flatlines at US$30/kg by 2020 (currently it is more like US$60/kg and a supply deficit is only likely to grow in that short time-frame). It also does not attribute much value to parts of the business other than Vametco, though that really should change in post-Zuma SA 2018 (Energy, Mokopane, 17% AfriTin and even Lemur which also seems destined to float)... HTTPS://
Vanadium flow batteries to 'revolutionise' power industry 15:50 28 Feb 2018 Bushveld Energy's Mikhail Nikomarov caught up with Proactive's Andrew Scott to update on developments with their first vanadium redox flow battery (VRFB) deployment in South Africa. The system's being deployed with Eskom, the country's national power utility, at its Research, Testing and Development Centre. He says they're expecting to deliver and commission it towards the end of Q2 this year. ''It's quite exciting ... it's our first project and from Eskom's point of view it's an ability to really test how the technology works for the purposes that they expect''. Nikomarov also touches on the broader potential and applications for the technology - not just in South Africa, but globally. ''There are some regions that are heavily pushing the technology - an example is China.'' ''The country actually has a formal policy that came out at the end of 2017 where they basically mandated that they're going to look at 100MW-sized Vanadium Redox Flow Batteries''
A security with a Ba3/BB- rating is considered below investment grade. Junk Status for Eskom. Friday, 26 January 2018: Moody’s Investor Services (Moody’s) has downgraded to ‘B1 from Ba3’ the long-term corporate family rating (CFR) of Eskom; the zero coupon eurobonds rating has similarly been revised to ‘B1’ from ‘Ba3’ in line with the CFR and the global medium term note (GMTN) programme and the senior unsecured GMTNs of Eskom have been downgraded to ‘(P)B2/B2 from (P)B1/B1’. All Moody’s ratings remain under review for further downgrades.   While the rating agency views the recent interventions, including the appointment of the Board by Deputy President Ramaphosa as favourable actions in bolstering the credit quality of Eskom; Moody’s cited Eskom’s deteriorating liquidity and the ability of Government to provide direct equity support to Eskom.
'...Nikomarov adds that the co-developers have also concluded a locational study. “As a result, we’ve determined that we’re probably going to split the processes, and do a lot of prepurification at a plant such as Vametco and do the mixing at a different location.” He says the second premises would probably be located in an industrial development zone to try to take advantage of the government incentives – moreover, “port proximity helps . . . for export purposes”. HTTP://
And also this one which highlights just how undervalued the shares are on a forward PE of 2.05: --- "Guidance So, net profit based on $60,000 per tonne FeV, production costs of ZAR205 and production of 3,680 tonnes is around £52.65m pre tax. Current market cap at 8.75p per share is £77.6m. That is a forward PE of 2.05. Way too cheap! We should be classed as a growth company, so a PE of 10 would still be conservative and in my opinion a PE of 15+ would be more reasonable. Potential growth areas; Vametco increasing production to 5,000 tonnes pa and beyond. Brownfield site acquisition. Electrolyte production. Mokopane development. Brits vanadium. VRFBs. Imaloto coal. The SA political situation is improving quickly and SA has been identified as one of the hot emerging markets for 2018. Even using a low PE of 10, tax at 28% and 1 billion shares would give us a share price of 38p. What an incredible time to be producing over 4% (and rising) of the world's vanadium supply. Especially when there is a large vanadium supply deficit, vanadium prices are at multi-year highs and they are forecast to rise much further from these levels :) DYOR"
Good post this morning on lse: --- "BMN investment value - a reminder For potential new PI investors wearing their sensible hats (rather than rainbow chasers who are obsessed with high risk oil, gas and gold prospects that are often binary success or fail - mostly fail or limited success £ opportunities), here is a reminder of why BMN ticks all the right boxes: - strong and growing revenue - strong and growing profits (2018 profits likely to be well over 50% of current market cap) - outstanding cash flow - low debt - main product has high and growing worldwide demand, significant supply constraints, and limited new capacity in the pipeline (indeed BMN may well be the largest new supplier over the next 5 years when Mokapane gets the green light) - at least 30 years of resource capacity at expected 2019 production levels - talented management team with huge industry experience and a strong understanding of the South African business climate - partnerships with key industry players (IDC, UET) in the relatively new, huge and high profile market of energy storage to enable development of diverse and potentially large new revenue and profit streams. Add in the very recent political changes in South Africa and it is clear that not only is BMN an outstanding investment opportunity in it£s own right at the current share price, but it is also one of the very best growth investment opportunities on the whole of the London market (AIM or FTSE). All purely IMHO of course and DYOR."
"Stocks to watch? Well, Bushveld Minerals based in South Africa ramping up production of vanadium, so a huge beneficiary of that rise in vanadium prices and we've just increased our valuation on that to 18p from 14p and the stock is down at 8.6 at the moment so that's a good one" hTTps:// From 5:54
Some major positives from the most recent update in January. Huge growth last year and even stronger growth forecast: --- "This ensured revenue increase of 44% and EBITDA of 553%, compared to the 2016 calendar year." "we anticipate an even stronger year ahead, our projection for Vametco's 2018 calendar year production is 3,680 mtV." "Global forecasts for stationary energy storage are very bullish." hTTps://
His post this morning from lse: "Morning all, it's been a while since I checked in here. I've just started rebuilding my position, having derisked somewhat last year. I've added 800k shares so far today. I'm at a loss to explain why this is not currently trading at 25p to 30p purely on existing output at Vametco alone. Factor in expansion plans at Vametco and all of the other assets and deposits... 50p / £450m wouldn't be unreasonable within a year or two. I'll be adding more in the coming weeks."
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