Bushveld Minerals Share Discussion Threads

[neilyb675] 10/3/2015 16:54

declared at 4.37pm - 375,000

I think this is a worked buy from earlier this morning. That's my hunch.

[illuminati1] 10/3/2015 15:50

Bidding war for vanadium projectsBMN currently in discussions...TNG signs vanadium offtake deal10-Mar-2015 02:24pmCategory: ResourcesMiningSubiaco-based minerals explorer TNG has signed an offtake agreement for vanadium from its flagship Mount Peake vanadium-titanium-iron project in the Northern Territory to South Korean-based Woojin.Under the terms of the deal, vanadium producer Woojin will buy at least 60 per cent of forecast product from the Mount Peake project at an undisclosed market-linked price.Woojin sought 100 per cent of Mount Peake's vanadium product, however the company is in discussions with other companies in the alternative energy sector for the remaining 40 per cent of vanadium.Potential pre-production financing terms have also been incorporated into the deal."The signing of a binding term sheet for vanadium offtake cements TNG's strategic plan as a potentially major player in the global value chain for vanadium supply, securing a long-term partnership with one of the world's leading ferro-vanadium producers in the Asian region," TNG said in a statement.Mount Peake is forecast to produce about 11,000 tonnes per annum of vanadium pentoxide over a minimum 20-year mine life.A binding offtake agreement is expected to be finalised in the next three months.TNG is currently undertaking a definitive feasibility study on the Mount Peake project.Managing director Paul Burton said the binding term sheet de-risked the project and underpinned its revenue forecast."We expect that a long-term offtake agreement will be concluded within three months, putting us in a very strong position to move ahead with project financing as soon as the feasibility study is finalised and delivered," he said.- See more at:

[kenco7] 06/3/2015 22:24

At last a turning point in the share price Been holding this share now for a couple of years but know that the time is getting really close for the market to wake up and smell the coffee.This is so undervalued at the moment compared to what we have in the ground.

[neilyb675] 06/3/2015 15:20

someone does not just wake up on a sunny Friday morning and decide to buy 1.2 million shares in Bushveld Minerals without having thought it thru....

...that is much more than "punt" money

[illuminati1] 06/3/2015 15:13

Chinese take away hmmm

[neilyb675] 06/3/2015 14:55

2.50 - 2.70 (GBX) at 14:54:53
on Market (LSE)

[neilyb675] 06/3/2015 14:54

2.50 - 2.60 (GBX) at 14:54:04
on Market (LSE)

[neilyb675] 06/3/2015 14:54

apf

I am, I am.

LoL - sorry bud, just excited to see some movement in the right direction - after a long and depressing down cycle.

[apfindley] 06/3/2015 14:51

NeilDon't be obsessed with the minute by minute price. The string of consecutive postings look like you're desperately wanting a rise.Relax and enjoy your weekend.

[neilyb675] 06/3/2015 14:46

2.40 - 2.50 (GBX) at 14:45:44
on Market (LSE)

[neilyb675] 06/3/2015 14:46

576,557 large buy WAY over the ask....this is hotting up

[neilyb675] 06/3/2015 14:45

2.35 - 2.40 (GBX) at 14:45:24
on Market (LSE)

[neilyb675] 06/3/2015 14:45

Your order cannot be executed automatically at this time, but can be submitted as a Negotiated Order.

By accepting a Negotiated Order the price obtained is not guaranteed.

By selecting the 'Place Order' option below, your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time.

Once you have entered a Negotiated Order you do not have the facility to cancel this instruction online.

Please select one of the following options:



You are about to submit an order to our Dealers which will be dealt "at best" in the market. Place order

Buy 5000 shares in BMN - BUSHVELD MINERALS ORD GBP0.01

If you have a specific price you would like to achieve then a TradePlan might be a more suitable trading method.

[neilyb675] 06/3/2015 14:44

Cannot buy even very small amount (see above). I've seen this before with BMN, virtually shut up shop on buying and then RNS comes out shortly after. My guess is Monday or Tuesday a very nice RNS lands for us.

[neilyb675] 06/3/2015 14:43

Your order cannot be executed automatically at this time, but can be submitted as a Negotiated Order.

By accepting a Negotiated Order the price obtained is not guaranteed.

By selecting the 'Place Order' option below, your order will be sent directly to our Dealers who will negotiate the best price available for your order in the market at that time.

Once you have entered a Negotiated Order you do not have the facility to cancel this instruction online.

Please select one of the following options:



You are about to submit an order to our Dealers which will be dealt "at best" in the market. Place order

Buy 10000 shares in BMN - BUSHVELD MINERALS ORD GBP0.01

If you have a specific price you would like to achieve then a TradePlan might be a more suitable trading method.

[neilyb675] 06/3/2015 14:13

1,244,022 @ 2.25p - BUY

[5310carraroe] 06/3/2015 06:56

Interesting observations Katie.

[sonofbanjosinger] 05/3/2015 22:07

Thank you Katie for your input. At some stage value will reign, as I am pretty heavily into this share I would rather feel positive about my investment. I understand the risks and have done plenty of research as I have no control on share price that's all I can work on.

[katylied] 05/3/2015 17:29

The 'funding' issue is in fact far from lost. I wouldn't put much faith in the 'sell an asset'(Tin?) near term. Tin as a commodity has not delivered on the price promise it had in 2013. It may still do so in the future, but the amount BMN have is small (less than what they wanted to get). Sure you get the 'talk' that people are interested, but that is 'pinch of salt' talk, since unloading the Tin at any price that covered accumulated costs, should have already been accepted.

The real answer to all BMN's foreseeable funding problems, is Lemur's cash. There can be little doubt that BMN are slowly closing in of that failed takeover. Currently, it looks like LMR are less keen on buybacks above ~4.4c/share. Apart from the buyback, there seems little reason for the LMR share price to have risen. Next up is the resumed court-case. Shareholders shouldn't be too complacent about the outcome. Land law in Mozambique is historically complicated and the plaintiff evidently believes they have a case. Interesting also, the plaintiff seems to be a woman as there is a history of women being disadvantaged in Madagascar land rights.

Thing is though, in some ways LMR losing the appeal might be the best outcome. Permit 4578 is not of minor importance. There is the conflation of 'Land Tenure' with 'Mining Rights', but losing the tenure could still scupper the viability of the Imalato coal project. What would then happen? Well probably another appeal, but in the meantime more LMR shareholder might realize the folly of their investment and the buyback could be closer to 3c/share.

Does the LMR coal-project matter that much to BMN near term? No not really (progress has been glacial). The 'cash' is much more important. BMN's holding in LMR can rise to 63.5% via the buyback and with LMR director support that would be a 68% voting block. In principle, BMN could also increase LMR holding by a further 5% (creep rules), but since it can only pay with BMN shares (which are bombed out), that doesn't seem all that smart at this time.

Thing is though, 60% support is more than enough to delist (no, you don't need 75% for an ordinary resolution on ASX). Once delisted (and that was hinted at during the takeover, causing a failed attempt by the LMR 'resistance' to stop the deal), minority shareholders can only really sell via the company and the price set can be minimal. Meanwhile they would have no power to block any further majority resolutions (no protection by the ASX). Frankly they would be daft to have held on to their shares, without a listing. Game over.

And BMN funding problems would be resolved. No way any director will
discuss with a shareholder a 'funding plan' like that. So, like I said
before, TALK means nothing, it is what BMN actually DO...

[rapiddave] 05/3/2015 14:53

Incidentally I emailed Fortune yesterday to ascertain the validity of those claims from 'a phone conversation' and am yet to receive an email back. I did however receive a very prompt reply last year in regards to the Darwin deal. Pinch of salt may well be required but watch this space

[katylied] 05/3/2015 08:55

As for 'taking an interest in his investment' (on LSE).
A more accurate interpretation would probably be
'manning the pumps and pumping for all he is worth'
as his ship slowly sinks into the depths...

[katylied] 05/3/2015 08:37

And I am happy you are happy, but it still has nothing
to do with whether BMN prospers or not. That is down
to the BoD and what they DO, not what they SAY...

Thus far, the market's verdict is
clear, DOWN again today...