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
  -0.05p -0.18% 27.25p 27.00p 27.50p 27.35p 27.25p 27.35p 2,501,347 14:51:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.2 -0.7 -0.1 - 300.90

Bushveld Share Discussion Threads

Showing 6051 to 6074 of 6075 messages
Chat Pages: 243  242  241  240  239  238  237  236  235  234  233  232  Older
DateSubjectAuthorDiscuss
17/8/2018
15:50
John Meyer of share price Angel suggesting today, that the bridge collapse in Italy will promote an urgent review of rebar standards in Europe (apparantly still less strict than in the USA) and across the world. Speculation is that corrosion (concrete cancer) was to blame. More Vanadium, Chromium etc. needed for better rebar...
katylied
17/8/2018
14:57
Seller still selling - probably warrants . Now below 8m probably
croasdalelfc
15/8/2018
13:52
Yup and that’s just the vanadium at vametco... £1 is the short term trgt, could be many multiples of that in a few years with all the ducks in a row. This company is rare in that it is already chucking off loads of cash, not burning it...
dmitribollokov
15/8/2018
13:29
I have just sold down my modest holding in ITM this morning to grow my stake in BMN, which I hold alongside a stake in REDt as combined ways to ride the growing excitement around vanadium storage. I'm, very impressed by the continued strength of the chart here. Anyway, this is from Pennypusher on the LSE. Perhaps sceptics here might care to comment? ----------------------------------------------------------------- Thought I'd share a brief discussion from Twitter regarding the planned production increases, and what that would mean for our financials and by extension the share price: https://twitter.com/CalderCapital_/status/1029614625107726336 Summary: - Yearly profit after tax for 5,000 mtv and 10,000 mtv of ~£75m and ~£150m, respectively, @ 65 USD/kg FeV. - Using average PE ratio of other cash-generative AIM100 companies this suggests a "fair value" market cap of £1.6 billion and £3.2 billion, respectively. - Above market caps equate to a share price of £1.40 and £2.80 for each scenario. Notes: - Assumes 59.1% ownership of Vametco (potential Sojitz buyout to increase ownership) - Assumes FeV price remains constant around 65-70 USD/kg (currently ~80 USD/kg) - Does not consider other aspects of the business (Bushveld Energy, Lemur etc)
brucie5
13/8/2018
18:03
5m warrants exercised
croasdalelfc
13/8/2018
13:38
SP Angel playing catch up as usual... Bushveld Minerals (BMN LN)... 27.8p, £300m – Strong vanadium prices combine with weak South African rand to lift earnings expectations for Vametco BUY - Target raised to 33.6p (from 25p) Bushveld Minerals have the luck of the Irish, which is an old mining expression from when Irish miners made their fortunes in the gold rush in the US in the early 19th century. Bushveld appear to share their good fortune with ongoing strength in vanadium prices combining with dramatic weakening in the South African rand. Ferro vanadium prices are a staggering $80-82/kg for 78% FeV in Europe and $80-85/kg fob in China according to the Metal Bulletin. Bloomberg report a similarish $78.80/kg for FeV 80% fob China. Scenario 1: If we take the average of $66/kg through the last six months and then assume say $80/kg for the rest of the year and then do the same with the US$:ZAR currency rate we get: EBITDA = ~US$165m Attributable EBITDA = ~US$97m. This lifts our valuation to 34p.5/s assuming the US$:ZAR remains the same and that vanadium prices remain at our longer term assumption of US$35/kg through 2019 and beyond. Scenario 2: Valuation to 33.6p/s As analysts we generally try to more cautious than this in our forecasting as we would prefer to be upgrading our favorite stocks than downgrading them. If we assume the current vanadium price through the first seven-months of the year $66/kg is repeated through the second half and remain with the spot South African rand rate then we get: EBITDA = ~US$146m Attributable EBITDA ~US$86m Scenario 3: There may be a good case for lifting our longer term vanadium price forecast based on the strength of vanadium prices so far this year. Vanadium prices have averaged around ~US$66/kg over the past six months and may well remain elevated in future years though restarting and new supply, such as that planned by ‘Energy Fuels’ is being attracted into the market by higher price levels. If we assume US$66/kg for the year + a longer-term Ferro-vanadium price of US$45/kg vs our current US$35/kg assumption combined with the current US$:ZAR rate then this takes our NPV-based valuation to 51p/s Conclusion: Vametco is seeing extraordinary growth in its cash flow generation from much higher than anticipated ferro-vanadium prices which is further supported by a significantly weaker South African rand. The rand is being driven by the general flow of funds back into the US dollar and ongoing bad press relating to land confiscations from white farmers without compensation in South Africa. In valuation terms, we are raising our target price to 33.6p. This may well prove to be a base case for Bushveld’s share of the Vametco cash flow with potential for a significantly higher valuation if ferro-vanadium prices can find a higher long-term base.... And BMN is not just about Vametco... :o)
katylied
13/8/2018
13:23
And the zaR is weakening
croasdalelfc
13/8/2018
12:38
Its because this B.B. is so glitchy and awful on mobile app.
seanywauny
13/8/2018
11:31
ILeemanMessage 5587 graph spot on,as we near the 30p mark and more.Yet so little excitement is amazing on this BB.
abbotslynn
09/8/2018
21:26
Thanks Nick for your input to this bb Courtesy of Nicks post from a few weeks back Blue chip institutional investors are now on board. Experienced mining entrepreneurs are now on board. Atlas convertible loan notes settled early. 59% of Vametco currently owned. Our Vametco share will be increasing to around 70%/74% with the acquisition of the Sojitz minority holding. Vametco 2018 profits are looking enormous at the current FeV prices and production levels. Our share of Vametco profits after tax are over £1m per week at current production guidance and FeV prices of $75/kg. There is a world vanadium supply deficit and this will remain for the next 3-5 years. The new Chinese rebar standards will increase their vanadium demand by a further 30%. The Chinese are banning the import of vanadium s l a g. China’s environmental crackdown is ‘fueling an already potent price rally’. Vanadium prices have reached multi year highs already. China, one of the largest vanadium producers in the world, is expected to become a net importer of ferro-vanadium in the future. Vametco annual vanadium production has increased to 3,750 tonnes in July this year and we are targeting production levels of 5,000 tonnes pa by the end of next year. All production increases paid for through operating cash flows. Guidance for 2018 is 3,680 tonnes of production (Nitrovan/FeV). We are on the lookout for more brownfield vanadium production facilities to increase our capacity to 10,000 tonnes pa. Our Mokopane mining licence is due any time. Mokopane early revenue generation is coming. The current V2O5 price is making our Mokopane vanadium project hugely profitable. Brits vanadium, very high grades expected, thereby reducing Vametco production costs even further. Bushveld Energy is in the very exciting VRFB sector. BE has agreements with UET and IDC. Plus an agreement with Eskom, the SA national power utility, for the installation of a VRFB with peak power of 120kW and peak energy of 450kWh. Electrolyte production is moving forward for production in 2019. Imaloto coal has a MOU with Sinohydro. Imaloto coal BFS on its way. Lemur has signed a binding 30 year power purchasing agreement with the Madagascar state-owned utility JIRAMA. Potential coal platform sale/spin off. Investment in Afritin Mining. Other resources, iron ore, titanium, phosphate. South Africa politics have improved significantly. Zuma and his corrupt cronies have been removed. Cyril Ramaphosa, the new president, has a business friendly approach. Ramaphosa’s South Africa is becoming investor friendly and encouraging foreign investment. All very positive for business and mining in South Africa. IMO 2018 is going to get better and better. DYOR of course :)
abbotslynn
06/8/2018
14:30
Bushy climbing every day Slow but sure Very Sure
abbotslynn
02/8/2018
15:10
Buy the pullbacks imo free stock charts from uk.advfn.com
ileeman
01/8/2018
18:52
3 quid easily in 2 years. Expect a 4-5 quid TO price eventually.
seanywauny
01/8/2018
17:41
Honestly think about it - $90m profits and chucking off loads of cash; esp as jc says with mokopane news imminent and brits and BE. £1 still massively undervalues it...
dmitribollokov
01/8/2018
17:38
Indeed. Which is why a lot of people are predicting higher prices. We haven't even delved into Mokopane, Brits, Bushveld Energy or Lemur either!
jc2706
01/8/2018
17:08
If they sell only the higher premium products . Then the future looks rosy for bushveld . Cheers for info everyone
aussieb3
01/8/2018
16:20
Also, even share price Angel are talking about post tax profits of $90m for 2018 and they have been using much lower FeV prices than reality in all their forecasts to date. '55% growth of vanadium price into 2018 year to date is expected to draw elevated company profits, with estimates of post-tax profits over $90m for the year.' Check out page 25. https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_Electrifying_flight.pdf
nickderby
01/8/2018
16:15
aussieb3, I think that you are getting confused about products and pricing. Vametco does not sell V2O5 at $19/lb. As nick says, they produce FeV and Nitrovan which sell at $80+/kg (notice the difference in weight unit!). There is no doubt about this. There is also no argument about the price of Vanadium which is public record. The only unknowns are the amount produced (where guidance is for 3680mtv this year) and the costs of producing it (which historically suggest a figure of $20/kg or less).
jc2706
01/8/2018
16:11
Aussie, this may help you understand that producing Nitrovan is not a negative. It's a premium FeV product and sells for more than FeV because you don't need as much to achieve the same results as plain FeV. http://www.nitrovan.co.za/documents/Vametco%20Alloys%20Brochure%20(Digital).pdf
nickderby
01/8/2018
16:06
Vametco only produces FeV and Nitrovan. It's all high price vanadium at a current selling price of between $80,000 and $90,000 per tonne. Nitrovan is a premium FeV product. It sells at FeV price plus 5% minimum. Good times!:)
nickderby
01/8/2018
16:03
if u all read above on the link above they only produced 630 fe v . everyone predicting there going produce 3750 at the highest price when they might get the lowest price of 20 per pound instead of 80 per pound, for some of that 3750 . that all I am saying that so revenue hard to say.
aussieb3
01/8/2018
15:59
convert as much as they can to FE V for higher price but how much is the question
aussieb3
01/8/2018
15:57
I think the company is a good one for a 3 year period but the revenue are hard to predict and the mcap is fair high . as it's hard to say how much the company will generate the info they have released doesn't really specify how much high quailty vandium they will produce . I know they plan to ?
aussieb3
01/8/2018
15:25
aussieb3, You need to consider when they bought Vametco, when they increased their share, their year end, the Vanadium price movement over the time period, their current production rate, their costs, the exchange movements, etc. nickderby is correct - Nitrovan commands a premium to FeV rather than a discount. Nobody is predicting $225m profit for BMN this year (I did indicate current prices and production rates). BMN own 59.1% of the producing asset and the current rate of production has only recently been achieved. In addition the FeV price averaged the low $60s in the first half despite the fact that it is now $80+. H1 will be good and fully justify the current price. H2 is shaping up to be phenomenal.
jc2706
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