Bushveld Minerals Share Discussion Threads

[kevkan] 29/7/2018 08:52

Transformational
This ranks as one if not the most important pieces of news in BMN history. It will speed up the transition from a pure play miner to a major global player. Throw in an expectation that all new REIPP project tenders must include energy storage, and it’s sonic boom time at BMN.

[abbotslynn] 28/7/2018 23:31

Eskom ditches CSP project for battery storage development

In a new report, Eskom reveals that it is going to put on hold the development of its 100MW Kiwano CSP project in the Northern Cape in favour of a battery storage development project.

Massive share price rise coming on Monday

[au24] 27/7/2018 14:05

Today's trading patterns seem to be take from the weak holders and then selling them on to a growing band of willing buyers at ever higher prices

[abbotslynn] 27/7/2018 12:06

Another 546,250 just gone through

[abbotslynn] 27/7/2018 07:37

Who laughed last

[smishman] 27/7/2018 07:35

Short away. Just don't cry if your fingers get burnt.

[smishman] 27/7/2018 07:34

abbotslynn
Your posts are under-researched and misleading.
Have you made ANY checks on LARGO's debt position?
Try comparing it with BMN.
Do you know anything about BE and the size of the Vanadium battery energy storage market?
Thought not.

[abbotslynn] 27/7/2018 07:24

A lesson from History on this bb


smithless
19 Oct '17 - 12:25 - 5268 of 5546
0 1 0
Why this company is worth £75m is a complete mystery. Perhaps some can explain? It obviously needs a lot of cash to get the business anywhere near cash generation. No institutional investors would touch it, so it had to go to for death spiral finance. If one looks at the Vanadium deal done with Bushveld Vametco Ltd (not owned by BMN), Stategic Mining Corp and Vametco Holdings Limited (the 100% owner of the mine) Vametco Holdings should make say $13m EBITDA for the full year, before capex (mining companies are big capex spenders), I calculate BMN at best will make $3m EBITDA for its 45% holding in Bushveld Vametco ltd, but is unlikely to receive much of this in cash due to capex requirements of the mine. Another thing I don't understand, why did Bushveld Vametco repay the bridging loan for the acquisition? I have looked through the accounts and BVL is not listed as being owned by BMN, so I can only assume BVL owns the asset, not BMN? Who owns BVL? Can someone explain this? As for spinning off the Tin business, whatever way the company spins it, the asset will come off the balance sheet of BMN. I also suspect the tin ventures and all BNM investments are going to need a lot of cash spent on them before they are anywhere near financial viable.

nickderby
20 Oct '17 - 08:10 - 5272 of 5546
0 0 0
Smithless, please do a little more research.

BVL is not listed as a subsidiary because it is not a subsidiary. To be a 'subsidiary' BMN would need to own in excess of 50% of BVL.

If you check out the website and RNS's....

'Bushveld Minerals has an interest in Vametco through its 45% shareholding in Bushveld Vametco Limited, which in turn owns a 78.8% shareholding in Strategic Minerals Corporation'.

hxxps://edgehost.co.za/vametco/bushveld-vametco-mine/

The other 55% of BVL is owned by Yellow Dragon.

As to your question mark over valuation, wait for the quarterly report for 30th September 2017, which is due out in the next few days. Those figures will show why we are undervalued.

DYOR

smithless
20 Oct '17 - 11:12 - 5277 of 5546
0 2 0
nickderby- yes BVL would be an associated company (20-50% of the voting shares). I wish you the best with your investment here, but I will wait for the interims for more clarity. From my calculations BMN only has a 26.5% stake in Vametco and it's about to demerge its second largest asset. The company is principally a Vanadium play and if prices keep falling back to US$20kgv today's valuation of £79m looks toppy to say the least. This is most probably why it had no choice to go to Atlas Cap to fund the business. For clarity, I propose to go short once the demerger goes unconditional


smithless
20 Oct '17 - 16:35 - 5280 of 5546
0 1 0
Just as a comparison as to how mad BMN valuation looks, look at LARGO Resources (TSX: LGO). It produces 3.5x more than BMN and is capped at £241m. Meanwhile, BMN is capped at £79m and only has an equity stake of 26.5% in Vametco. I think you punters are going to be very disappointed with the valuation of Greenhills Resources and the interims due by the end of November should be a laugh. All in good fun

[coldspring] 26/7/2018 16:29

I would sell my house and everything I own to buy at those prices.......

[oliversanvil] 26/7/2018 16:26

No one is buying at 2.30p and they have moved the offer up to 2.5p .Have i missed a trick?

[abbotslynn] 25/7/2018 21:01

Bushveld Minerals 'still greatly undervalued' - CEO Fortune Mojapelo
Share
12:01 16 Jul 2018


Fortune Mojapelo, chief executive of Bushveld Minerals Ltd (LON:BMN), caught up with Proactive's Andrew Scott while in London to update on developments across the business.

Link just disappeared ??


[...]

[kevkan] 25/7/2018 06:45

Check this out, watch the share price as he speaks

Lee cooperman high flyer investment guru

[abbotslynn] 24/7/2018 23:58

Great news Kev

$2.5-billion loan to Eskom by the China Development Bank.

[au24] 24/7/2018 12:37

Working on a very tight spread today

[kevkan] 24/7/2018 08:35

Food for thought

Depending how and when the dividend is paid could result in two buy waves. On announcement of the dividend we will become attractive to a different group of investors who lets face it will have to buy shares hence wave1 Now the kicker, If the dividend is paid out before all news releases are realised there's a lot of people going to have money burning a hole in their pocket that will re invest hence wave 2. Failing that ATM could see a big in flow thus increasing its price which will.be reflected in Bmn 10% holding. Interesting to see how it all pans out.

[kevkan] 24/7/2018 08:16

Bottom line

All you need to know there is no holding this back come the results end of September

Current FeV prices....

China $79 - $83 per kg.
Europe $81 - $83 per kg.
US $84.9 - $86.9 per kg.

Add on our 5% Nitrovan premium just count the 000s once the PE is applied

[abbotslynn] 23/7/2018 16:40

van
Great find EXCITING isn't it


kev

Please keep messaging here,gives some life to the graveyard mentality

[kevkan] 23/7/2018 07:51

Excellent summary of vanitec meeting courtesy of Bushveld perspective, enjoy

hxxps://www.thebushveldperspective.com/blog/public-blog-1/post/vanitec-4th-energy-storage-meeting-part-1-274

[au24] 22/7/2018 18:11

I have been a member on ADVFN for several years and have yet to find a more unfriendly thread to new holders (even those with little knowledge) The people like Katy who have posted in the past but now don't post anymore or allow new members with newbie enthusiasm to post without swearing at them isn't friendly is it.

[kevkan] 22/7/2018 15:11

au24
I'm sorry I don't really understand your post but suffice to say I'm a long term holder and firmly believe this is the best share on aim or anywhere else for that matter. I will just leave it at that

Kev

[kevkan] 21/7/2018 18:28

abbotslynn
Don't worry mate i got the same treatment for asking a straight forward question that didn't fit the mould Yes you are right LSE is very informative good quality posts and it allows links unlike this site

[abbotslynn] 20/7/2018 23:46

But my eyes still see

Saw them live singing it

Like this Aim listed share it blew me away