Bushveld Minerals Share Discussion Threads

[schoolboy11] 20/1/2015 10:15

KatyLied, Mungo:

The people behind Mineral Wealth International and Acacia are disclosed on the Bushveld website (in Bushveld's Bidder's Statement for Lemur)

www.bushveldminerals.com/upload/content/bushveld%20-%20replacement%20bidders%20statement%20-%20final.pdf

See p.39.

It looks like the two in control are Mr Joseroy Borromeo and Dr Percy Nils Barnevik. I seem to remember reading a bit of info about the first man in the Obtala RNS when it first acquired Bushveld – he’s a highly experienced corporate financier. The second man is quite a famous businessman with a long CV of top board positions for MNCs.

I would say that it is highly promising that the company has the backing of these two individuals.

As to Fortune's and Anthony's involvements in MWI... They are legally required to declare their positions in Bushveld so presumably they hold no interest in it. All their shares (apart from Fortune’s recent purchase) will be held through VMI.

More generally, Bushveld has not released an announcement on any of its three in-house platforms (Vanadium, PQ, Tin) for two months now. That is by far the longest the company has gone without updating the market since listing. I am fully expecting a number of RNSs to come imminently – covering progress on all three platforms.

[katylied] 20/1/2015 09:44

mungo888 - Secrecy/non-disclosure is a core feature of BVI companies. FM & AV are interested in BMN Ordinary Shares via their own vehicle VMI (each own 50% of VMI, which is South African registered, the elder Viljoens were/are consultants to VMI). Most recent figures show a joint VMI interest of 3.5% in BMN (FM has increased his personal interest since). From the AIM prospectus, VMI dates back to at least 2010 and comes into the BMN mix via Tin interests, whereas MWI had the Iron-Ore interests....

Might be worth your while to trace the backgrounds of the other directors (Ian Watson, Jeremy Friedlander and Geoff Sproule). The BMN BoD seems like a tight crew. You would think that a large holder like MWI would have BoD representation. Perhaps one of those guys will lead back to an association with one or more wealthy investors/suspects...

[mungo888] 20/1/2015 07:55

Katylied - thank you for your answer. I am clear on the Obtala story now. MWI is a little murkier though - do Fortune or Antony enjoy any benefit from MWI? Has anyone asked this question?

[banned from qppsag] 19/1/2015 20:56

Wasn't a fan of BMN during some rather frenzied ramping last year.
However the assets are appealing and the value attributable is no where near the real value.
Fortune acquired which didn't fill me with to much optimism based on the size of his purchases, but share buy backs planned with little to no immediate effect suggests to me this is likely to rise and rise fast with no material facts to bolster it.
I suspect many people have their eyes on it and are all waiting to see who moves first.
An upwards momentum will IMO start a frenzy of activity for the stock as it is my belief many people are watching and all thinking the same..
Im the only one who realises this little gem is here, so I can play with my funds elsewhere until its time to pop.. :-)
Am I right?

[katylied] 19/1/2015 09:36

mungo888 - Back in early 2013 Obtala were committed to reinventing themselves as an agri-business. Capital was required to obtain and develop land for crop production. To raise cash, in Apr 2013 they did a deal to place most of their BMN holding at 13p/share, which would have raised £13m to invest in their latest wheeze...

The counter-party was given time to put the finance together, but in the event was never able to complete the deal. Probably hard pressed for cash and without an alternative buyer, Obtala dumped its BMN shares in the open market in late 2013, thereby crashing the BMN share price to ~3p (Blackrock also dumped at about the same time). There was also suspicion that there was bad feeling between the OBT&BMN BoDs as Obtala apparantly did not inform BMN of their intent. That ill-feeling may have related to BMN's ealier takeover of Lemur, which was arguably, a deal of questionable benefit (failed to get control of the LMR cash) for BMN shareholders.

In later 2014, Obtala also let go of their large stake in Paragon Diamonds. This time they were able to place their PRG shares, but once again at a very poor price. Another example of Obtala's (at the time) insatiable/desperate need for ever more cash?

As for MWI, it was one of the founding shareholders of BMN prior to flotation. British Virgin Islands-based and little public disclosure. I think MWI was the 'parent' company of 'Bushveld Resources', which then sold shares to Obtala. Perhaps MWI involves people who have history with the company's Iron-ore assets? However, beyond that, I'm not sure. From the prospectus...

"...The Company (BMN) was established to be the holding company of Bushveld Resources and Greenhills and their respective subsidiaries. The Company acquired the entire issued share capital of Bushveld Resources from its shareholders Obtala and MWI, and the entire issued share capital of Greenhills from its shareholders Obtala and Oak Nominees (whose shares were held on behalf of VML), on 15 March 2012 in each case in exchange for shares in the capital of the Company...."

[mungo888] 19/1/2015 08:30

My dealings with this management have not been pleasant. Makes me wonder about the integrity of both the people and what they say. So I want to do some more research before I jump to any negative conclusions.

Has anyone had a good look at the ownership of the company and the effective shareholders? I would be curious on peoples thoughts on that. Who are Mineral Wealth International? Any idea why Obtala sold?

[katylied] 15/1/2015 11:11

All true, but the stuff has been in the ground for millions of years and unless BMN deliver some business development, that is exactly where it will stay...

[illuminati1] 15/1/2015 07:35

Vanadium is becoming essential for the production of steel as aircraft and automotive manufacturers address demand for lighter and tougher materials, which contribute to reducing fuel consumption and reduce emissions. Steel companies are now offering high strength low alloy steels which the fastest growing segment of the steel market and vanadium is key for its production. China is another important driver of vanadium demand because of its use in high strength steel for construction. In fact, rising consumption of vanadium began in 2004, driven by China, which began to use it to construct more structurally sound buildings, after a series of devastating earthquakes in the country. Largo also expects to address demand from customers in Canada, USA, Germany, Korea, China, Japan, India, Argentina and Scandinavia through an offtake agreement with Glencore. Most of Largo's competition is in South Africa, Russia and China, which together control more than 97% of global production.The growing demand for efficient batteries will also have a favorable impact on vanadium demand thanks to such innovations in technology as the vanadium-redox battery, which shall make it possible to store energy produced from wind turbines. In 2014, vanadium prices and demand were stable but prices did not increase as expected because of excess inventory and the pressure continued and growing Chinese steel producers that are suffering because of the low prices of the metal. However, considering the overall downward pressure in metals prices overall in 2014, vanadium has emerged in much better shape than most. Currently the prices of vanadium are in the neighborhood of USD$ 11/kg and some analysts predict demand growing by 8% in 2015, which is not surprising given that in 2008 vanadium hit a price of USD$ 70/kg in following a devastating earthquake in China.The dramatic Sichuan earthquake of 2008, which killed more than 68,000 people, has highlighted the importance of vanadium for the construction of more resistant buildings. Earthquakes can cause buildings to catch fire, which heats the metal structures to melting point causing them to collapse. Metal structures alloyed with vanadium not suffer from this problem. China now uses about 40% of all the vanadium produced in the world and the trend is heading for further growth. The good news is that analysts consider the current price of vanadium pentoxide to be very low. In the next year or two, prices are projected to reach USD$ 14/kg – and this before any considerations about the possible impact of political tensions in Russia, a world leader in the production of vanadium. Apart from increased demand from the battery industry, western economic sanctions could cut off supplies of Russian vanadium, sending prices higher and faster than expected.....

[bill182] 05/1/2015 15:00

3D fly through of the Vanadium project now available on the company website. Well worth looking at - only 3 minutes long.

[bill182] 05/1/2015 08:54

Interest certainly appears to be returning on this company, but this thread is relatively quiet compared to other bulletin boards. I am sure that when we receive the next update both the share price and activity here will move up strongly.

[neilyb675] 05/1/2015 08:24

IMVHPO, 500 signal trade

[neilyb675] 02/1/2015 13:30

very exciting share

[bill182] 02/1/2015 13:29

The share has a long way to go before it reflects the value of the assets and that is before any JV news is announced. I reckon this will be another KIBO and will rise very quickly on the next positive news.

[neilyb675] 02/1/2015 13:16

3.25p BID now showing correctly, superb day !!

[bill182] 02/1/2015 10:36

Yes...Stocky strikes again. The Guy does not have a clue,or maybe he does and is in fact buying into all the stocks he is trashing. We will never know, but I think it is a safe bet to do the opposite of what he says, it is certainly working for me.

[loverat] 02/1/2015 10:08

The Stigologist effect paying dividends - yet again!

No wonder my portfolio contains almost exclusively Stig stocks. Must send him a card for NY.

[bill182] 02/1/2015 09:00

MM's still short of stock. Can't buy online, but no problem selling. I think 2015 will be a very good year for BMN shareholders.

[katylied] 31/12/2014 12:03

The big question for 2015, is whether (and if so when) FM will once more roger shareholder confidence with yet another bad finance deal (cheap placing, dodgy loose holders). Hats off to the field crews and geologists who have firmed up the company's portfolio of assets in 2014, but 'nul points' thus far, for FM's somewhat hapless (still no JVs) business acumen...

[palinka] 31/12/2014 11:24

Have a good New Year's Eve all, hopefully 2015 is the year for Bmn

[bill182] 31/12/2014 09:24

Can't buy online at the moment. The MM's must have run out of shares....what a shame. No problem selling if your daft enough.

[neilyb675] 31/12/2014 08:32

FULL ASK PAID

[loverat] 31/12/2014 06:33

Stigologist is my 2014 multibag guru.

He has appeared on many threads where the stocks have multibagged. KIBO was just one recent example but too many to mention. Some time ago I set up a dedicated thread highlighting the stocks he bashes. He bashes, you buy - although you still need to be careful over timing.

Well over a 90% of these stocks multibagged at any given point following his appearance. I reckon this stock might have bottomed around these levels.