Bushveld Minerals Share Discussion Threads

[seanywauny] 22/12/2017 22:45

Pmsl:https://www.greentechmedia.com/articles/read/engie-investigates-source-of-belgian-battery-blazeOn Engie's own turf as well.Need VRFB promoters say more.

[kevkan] 21/12/2017 08:29

Bushveld Minerals completes acquistion of BVL

[seanywauny] 14/12/2017 01:06

Major Eskom energy storage project completed:https://mg.co.za/article/2017-12-13-eskoms-ingula-africas-largest-water-pumped-power-scheme-reaches-completion40k MW required by 2025. That's a lot of energy to be stored and managed by VRFB's.

[seanywauny] 07/12/2017 18:50

The most likely major league player to buy out BE or at least huge Offtake agreements in the near future imo:http://www.africanreview.com/energy-a-power/power-generation/engie-to-develop-south-africa-s-energy-servicesThey currently have 20 year PPA agreements with Eskom and seem to be gobbling up everything renewable within sight.

[seanywauny] 06/12/2017 16:09

Impressive:https://www.prnewswire.com/news-releases/nextracker-introduces-lithium-ion-and-vanadium-flow-energy-storage-systems-for-smarter-renewable-energy-production-300567550.html

[smithless] 06/12/2017 07:58

sherlock - what a load of ......... I would say very few, if any, PI's are shorting the stock - no borrow. Something doesn't add up re Vametco/Wogan/Bushveld Vametco/Bushveld and with enough digging. Been looking over Wogan's accounts and its agreement with Bushveld Vametco looks way to big for its balance sheet to handle.

[psbhoy] 05/12/2017 21:42

Added a few more today as this still looks like the best life-changing opportunity on AIM by far. The short squeeeze info on the above link certainly seems to make a lot of sense.

[dmitribollokov] 05/12/2017 21:13

Lovely charts i'm sure, but just utter madness. It detracts from what is a decent fundamental story and is all a bit childish and embarrassing in its fantasy realm analysis.

[sherlock2020] 05/12/2017 20:46

Wolf - you shorters have been got by the short and curlies on this one - seems the short squeeze is underway first thing tomorrow morning.

[sherlock2020] 05/12/2017 20:44

Smithless - complete nonsense as usual - you shorters have been got by the short and curlies on this one - seems the short squeeze is underway first thing tomorrow morning.

[sherlock2020] 05/12/2017 20:43

Smithless - complete nonsense as usual - you shorters have been got by the short and curlies on this one - seems the short squeeze is underway first thing tomorrow morning.

[smithless] 05/12/2017 14:13

Had a quick read through BMN's admission document and I can't see any reference re who Yellow Dragon is or belongs to. I find this strange, as we don't know who is the beneficiary is. Anyone got any ideas?

[whites123] 03/12/2017 19:20

EMH........ EUROPEAN METAL HOLDINGS.

Fallen from grace, sitting on the largest European Lithium deposits.
Due a re-rating to at least double what it is today.
Will allow profiteering but without the mega crash afterwards.

DYOR...

EMH : European Metals Holdings.

Year High 84p Fund Raising at 36p Todays share price 40p Despite announcing Europes Largest Lithium resource. With so much talk and chat about Battery powered cars etc, where is the Lithium going to come from.

Early bird catches the worm etc etc.

European Metals Holdings Limited (LON:EMH) (ASX:EMH) has announce a further upgrade of its JORC compliant Indicated Mineral Resource at the Cinovec Lithium/Tin Project in the Czech Republic, confirming its status as the largest Lithium resource in Europe.



· Drillhole CIS-9 returned one of the best results of the Company's drilling program to date: 204.6m averaging 0.44% Li2O, (and within it 70m@0.58%Li2O; 13m@0.19%Sn, 6m@0.58%Sn, 3m@1.02%Sn and 0.179%W).

· Drillhole CIS-8 returned a continuous relatively high-grade lithium mineralization interval that includes multiple zones of tin and tungsten mineralization: 152.5m averaging 0.41% Li2O, (and within it 3m@0.52%Sn, 6m@0.12%Sn and 0.077%W, 7m@0.14%Sn).

· In the eastern part, the best results are from CIS-7, with 45.5m averaging 0.37% Li2O, and 102m averaging 0.31%Li2O, with strong tin and tungsten credits (11m@0.24%Sn and second interval includes 12m@0.17%Sn and 13m@0.16%W).

European Metals CEO Keith Coughlan said "We are very pleased that not only have we competed the planned drilling program on time and within budget, but that the results are excellent, in particular with respect to the two infill drillholes on the western part of the Cinovec South deposit. These drillholes intersected strong lithium mineralization with significant tin and tungsten contents. The results from this drilling will allow the Company to convert additional resources to the Indicated status and further optimize the Cinovec South mine plan. The geological and resource model upgrade is now underway."




FURTHER INCREASE IN INDICATED RESOURCE AT CINOVEC SOUTH

European Metals Holdings Limited ("European Metals" or "the Company") (ASX & AIM: EMH) is pleased to announce a further upgrade of its JORC compliant Indicated Mineral Resource at the Cinovec Lithium/Tin Project in the Czech Republic, confirming its status as the largest Lithium resource in Europe
The Company has recently completed a four-month drilling campaign at Cinovec South, comprising six core drillholes for 2,697.1m meters, with the goal of closing 'gaps' in the existing resource model in and around the initial planned mining areas and upgrading part of the resource from the Inferred category to the higher confidence Indicated category. The results, summarised below, are satisfactory and exceeded expectations.
· For the entire Cinovec deposit (South and North), the drilling added 39.4 Mt of Mineral Resource grading 0.41% Li2O and 0.04% Sn (0.1% Li cutoff), or 220kt tonnes of lithium carbonate (LCE).
· Majority of resource increase (97%) is at Cinovec South where initial mining is planned.
· The Indicated Mineral Resource category increased by 7% to 372.4Mt@0.44% Li2O.
European Metals Managing Director Keith Coughlan said, "This drill program targeted areas of low historic data density with the aim of bringing these areas, which lie adjacent to the planned initial mining area, to Indicated Resource category so they can be used in the ongoing definitive feasibility study. The drilling was a success with some large areas of higher grade mineralisation defined in the target area.
On the back of this resource upgrade, we have commenced an optimisation of the mine design. When complete, this will allow finalisation of a grid drilling program for upgrading parts of the Indicated Resource to Measured Resource to facilitate the definition of proven reserves for the definitive feasibility study that is progressing well."

Renewable energy... Battery Power.... Todays news tesla switched on biggest ever Lithium battery.... Hmmmmmmmmmmmmmmmmmmmmmmm

[smithless] 01/12/2017 13:23

Taken from project boost today - the Russian's aren't crazy after all!

Pursuant to the SPA, Bushveld Vametco paid to Evraz Group an aggregate of US$16,466,000, and is also bound to pay an earn out from 1 January 2018 to 31 December 2025, to be paid annually in arrears on 30 June and not to exceed US$5 million in aggregate and US$1.5 million per annum (the “Earn Out”). In the event that the weighted average benchmark price for Ferro-vanadium as quoted
in the London Metal’s Bulletin (the “Prevailing Price”) is equal to or is greater than US$23.00 per Kg in a financial year (the “Trigger Price”), the additional annual revenue ascribed to Vametco Alloys as a result of the Prevailing Price being above the Trigger Price shall, having been adjusted to provide for the payment of State and Community royalties, be multiplied by the Earn Out Percentage and
paid by Bushveld to Evraz Group.

The Earn Out Percentage is calculated as follows:
Earn Out Percentage = 1 * (1 - prevailing South African corporate tax rate (per cent.)) * (1 — prevailing
South African withholding tax rate (per cent.), if applicable) * (percentage effective shareholding in
Vametco Alloys shares owned by the Company (per cent.)) * (1 — tax payable by the Company as a
result of ordinary dividends received from Vametco Alloys (per cent.)) * (Percentage of the Company
ordinary shares owned by the Purchaser (per cent.)) * 15 per cent.

[wheeze] 01/12/2017 13:18

RNS just out1 December 2017Bushveld Minerals Limited("Bushveld Minerals" or the "Company")Exercise of Convertible Bonds and Total Voting RightsBushveld Minerals announces that it has received notice from Atlas Special Opportunities, LLC ("Atlas") to exercise GBP1,000,000 of convertible bonds into 12,515,644 ordinary shares of 1 pence each of the Company ("Ordinary Shares") at a conversion price of 7.99 pence each. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

[grandmasterglitch] 01/12/2017 12:05

Yellow Dragon - holdings notification? Holding over 3%, nothing I can see in news section.

Tax position on disposal, Africa will surely tax based on actual valuation rather then knock-down purchase price.

No transparency, this is not as it appears.

[smithless] 01/12/2017 11:57

Katylied - thanks for that. Good to see warts and all report. They had to do it. Negative parts. The risk parts are interesting. I know mining is risky, but I certainly wasn't aware of possible water contamination issues, regulatory and surface lease agreements not being in force. See the 2nd tranche has now been taken and the terms varied slightly (this should be announced) so I'm afraid a lot of shares will be hitting the market for the foreseeable future. Positive parts. I'm beginning to see why Fortune got it from the Russians on the cheap. There are some worrying risks associated Vametco, which are self-evident, the water one could be nothing or terminal. He has a long way to go and a lot of hard cash to be injected, but in a few years, it could be world class. Just too early to say and I these VWAP Conv Loans put me totally off - learned the hard way.

[seanywauny] 01/12/2017 08:57

I notice a certain numpty outfit has changed their tune this morning as well: https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=BMN.L

[seanywauny] 01/12/2017 08:56

Thanks Katylied, 555 pages? The epic 'War & Peace' comes to mind :) should take a week or two to get through that.

[katylied] 01/12/2017 07:23

Huge amount of information laid out here (555 pages!). Answers to so many questions. This acquisition+admission document marks a step-change in detail and transparency. Bushveld is now looking like a very serious company. I would draw particular attention to the 'risk factors - P42' section where certain 'licence/title' challenges are detailed. I don't mean to imply these are especial concerns, only that they well illustrate the ongoing 'real world' complexity of advancing the other projects...



Couple of additional points.

(1) Yellow-Dragon will have a 12month lock-in on all (current and new) shares.
(2) The final EBITDA related payment calculation in the acquistion price...
=(4.5 x EBITDA as shown in the 2020 Accounts) x 5.91 per cent.

[meganxmas] 30/11/2017 11:34

Watch the newly released Brr media video of fortune explaining this deal. Unless he is a very good liar he appears very excited about it.

[smithless] 30/11/2017 09:38

After looking SMC Groups numbers it become more and more obvious the Bushveld Vametco deal was done with Wogan's cash and was rapped up in a definitive Sales and Marketing Agreement. What security has Wogan taken out with Bushveld Vametco? The deal certainly wasn't done out of Vametco's cash flow. I also agree with grandm re how much was paid for Yellow Dragon. If you work the numbers back, the value which investors are putting on Bushveld Vametco is wrong, plus if my assumptions re wogan are right it currently has about £18m of debt. Illusionist qualities, smoke and mirrors, call it what you want, but the more I dig the more contradictions I find IMHO.

[grandmasterglitch] 30/11/2017 08:30

NPV with 55% of Bushveld Vametco valued at $11,000,000 with part payment in shares above previous closing price. What could possibly go wrong, knocked down purchase price, less then shareholders annual share of profit, all sounds very reasonable, they do drive a hard bargain.

Sizeable allocation of shares added to those already to be disposed of will make an interesting trading period.


———;—-
The purchase price of US$11.1 million is to be satisfied on Admission by a cash payment of US$4.5 million and the issue of 54,766,364 new ordinary shares in the Company ("the Consideration Shares") by the Company to the Seller, credited as fully paid, at 9.06 pence per share.

[seanywauny] 30/11/2017 08:29

Well done Twohits ;) you lucky barsteward!