Bushveld Minerals Share Discussion Threads

[bookwormrobert] 31/3/2017 09:26

Truly awful news for South Africa with Jacob Zuma removing finance minister Gordhan and the the few other remaining honest members of his cabinet last night. The "rainbow nation" dream is very sadly coming to an end, and we're heading towards a Zimbabwe style disaster. Any foreign white investors who think their capital is safe in South Africa may want to think again; IMHO you'll be diluted and then diluted again by waves of black economic empowerment. (See recent speeches by Zuma, passim).
Disclosure: I've divested completely from South African companies, and I'm short here.

[thegrumpster] 30/3/2017 21:18

Actually there is the old reliable Daily Hypometer Quotient to give an indication of how over ramped a share is.

Let's say the quotient should be about 1 or 2 or at least under 5.
Anything over 10 is a tad overdone. With 1000 being borderline lunacy.

There are currently 694 posts on LSE, four on 3i, and ADVFN is playing up on my squinternet....so say about 30?

That makes an outrageously over ramped Hypometer reading of 694/4 = 173 on the 3i scale and a provisional 694/30 = 23 on the ADVFN scale.

Definitely an overall Hmmmmmmm on the sensible scale.



We could probably get a good indication that the ramp is peaking/over by charting the daily total number of posts on the LSE board for any given share, as that seems to be the ramping crew's BB of choice, for some reason. Can think of at least one prolific ramper/chartist that stops posting when he sells out of a share. Would think that others do as well when they've moved on to the next target. Might need a moving average if it is volatile.
It's easily done. Just note the number of posts listed at the top of the page, at say nine or ten in the evening, then count the extra posts to midnight the following day.
Could make a new indicator.

[gilesgraves] 30/3/2017 19:35

WTF are you all talking about? Read the RNS

[katylied] 30/3/2017 18:54

"The facts and fundamentals will speak for themselves..."

Eventually, for better or for worse, they always do...

[psbhoy] 30/3/2017 18:50

We'll need to agree to disagree. The facts and fundamentals will speak for themselves. The share has huge potential that has yet to be realised and the markets will wake up to this fact very soon.

[katylied] 30/3/2017 18:34

lol! Of course it was ramping, which has been proven over the last couple of years to have precisely zero effect on the share price (unless a falling share price counts?). The AIM market makes judgments on newsflow and a bunch of insecure muppets on a free BB have no effect whatsoever on the share price .. always DYOR.

PS. The idea (Ophidian?) that the IDC may step in with a grant/loan to cover Barak's bridge-loan is a very interesting one. We will find out within a couple of months...

[psbhoy] 30/3/2017 18:29

The level of ramping is in direct response to what appears to be a short selling attack and what also looks like deliberate suppression of the share price If tomorrow brings the expected news then it will clearly show that it was not ramping, but simply educated research on what could be the biggest thing on AIM this decade

[gilesgraves] 30/3/2017 18:17

More interestingly though was the RNS that was released about an hour ago. Warrants issues. £50m Mcap. Game on.

[thegrumpster] 30/3/2017 18:00

For interest. Thought Barak rang a bell.

No mention of Mr O'Brien on the Barak website now, so maybe they got rid...


"From 2016-01-22: share price Angel Note

" Board: African Potash has an interesting board led by Chris Cleverly, a barrister by profession and CEO of the Made in Africa Foundation. The board was further bolstered in October by the appointments of: Rt Hon Lord Peter Hain, a former UK government cabinet minister and former Foreign minister; the Rt Hon Mark Simonds a conservative MP and Declan O’Brien who is currently CEO of the Barak Fund based in Cape Town.
Conclusion: African Potash appears to be a company which is going places."


aye aye aye co.uk/investment/detail?code=cotn:AFPO.L&display=discussion&action=detail&id=11842490


The level of ramping on LSE is reminiscent of that of RRL in the good old days. Sometimes had 1000 posts a day on 3i.
That got up to over 20p, but a lot held on when it started coming down, egged on by the rampers, with similar posts, who'd probably switched to shorting by then, along with Landau's mates.
These days having locked in small investors, seems to be better than having institutions on board. Institutions can kick up a stink (BLVN), and when they decide to sell out they just go, regardless.
Small investors can be more easily shepherded and persuaded to hold.
No idea where the top for this is going to be, or if it has just about reached it.

[vauch] 30/3/2017 17:53

Loglorry1
At this time BMN don't own the assets at this time. once owned the co will have assets worth many multiples of the small 2 month loan and will with no trouble be able to raise and cover the payment without breaking a sweat.

Sorry to see your knocking the share and it is not helping your cause

[gilesgraves] 30/3/2017 13:49

They are muppets.

[meganxmas] 30/3/2017 10:55

3 funds with assets under mgmt of $250m+... look at website not fly by night operator.

[meganxmas] 30/3/2017 10:54

www.barakfund.com

[katylied] 30/3/2017 10:14

You do have a point, however bridging-loans are not uncommon in this kind of situation. The whys and wherefores may be complex and obtuse, but in spite of the payday rate, there are still a couple of good points...

(1) I don't know (in depth) who Barak are, but they are not Darwin.
(2) The Vametco deal appears to be done. That was the objective.

[loglorry1] 30/3/2017 10:07

Payday loan to buy another 2 months. If deal so good why so hard to get debt funding done. They've spent almost $1m which is the cash from around 40m warrants to kick the can 2 months down the road.

Folk buying at 8p should realise 40m shares are worth £3.2m and that's what it has cost to buy a further 2 months of negotiating time. Pathetic deal.

[gilesgraves] 30/3/2017 09:30

I purchased over £100k worth this morning but none of my trades showed.

[neilyb675] 30/3/2017 08:24

12p coming

[cpap man] 30/3/2017 08:20

Bushveld Minerals (BMN.L, 7.95p) – Speculative Buy

Bushveld Minerals announced today that it has signed the final elements of the financing agreements in support of the Evraz Group’s 78.8% interest in Strategic Minerals Corporation (SMC) with Barak Fund SPC. The Barak financing comprises a bridge loan facility of to US$11m, repayable within two months of drawdown and will incur a total of US$939,077 in interest, fees and legal charges. In addition, the Barak financing includes an inventory facility up to US$7m to monetise Vametco’s inventory of finished Nitrovan product ready for distribution. Bushveld intends to refinance the Barak bridge loan upon completion of the acquisition with no expectation of refinancing through equity issue. The Barak financing agreement coupled with the recently signed US$9m financing agreement with Wogen Resources ensures Bushveld will be able to complete the acquisition of SMC and its 78.8% interest in Vametco with minimal dilution to shareholders. As part of its agreement, Wogen will make a US$3m prepayment, payable by the end of 2018, and provide an inventory and receivable financing package of US$6m to optimise operations at the Vametco mine.

Our view: The above announcement is a major milestone for Bushveld as it has now completed the financing for the Vametco acquisition. The Company can now focus on optimising operations at the mine as well as monetising the inventory of its Nitrovan product. We are encouraged with the Barak Fund and Wogen’s commitment to the project and look forward further updates as Bushveld continues with its integrated vanadium

Beaufort Securities acts as Corporate Broker to Bushveld Minerals plc

[sonofbanjosinger] 30/3/2017 07:51

Oh dear .... nobody cares today about your spill ...lets see your shorts burn ..

[sonofbanjosinger] 30/3/2017 07:49

Lets see how this goes today.....

[sherlock2020] 30/3/2017 07:21

RNS out this morning

"There is no expectation that any refinance will be completed through an equity issue."

The financing deals are all done. All that needs to be done is sign off all the final documents and the deal is completed, and BMN will have successfully become a producer with one operating mine, refining plant, sales distribution network and two of the world's best vanadium resources sitting round the back. Awesome !!!

[sherlock2020] 30/3/2017 06:27

kenco7 - yes thanks, not every AIM share is an intrinsically worthless bag of hot-air.