Bushveld Minerals Share Discussion Threads

[dontay] 01/12/2018 13:51

I think getting the share price up to where it certainly would be if it wasn't being 'managed' by AIM'S mm's... would be to create more buying pressure... there isn't much of that at the moment and so the mm's are having it all their own way relatively easily.The recent RNS outlining the fantastic prospects of BM together with the publicity from this weeks speeches and presentations and winning the Miner of the year award, will hopefully have gone a long way to attracting some interest from a few of the larger institutions. The pi's can't make that much of a difference on their own... and getting some of the big guys buying in is probably what it's going to take to light the blue touch paper! This week will have done that scenario no harm at all! Firstly though, they also need to up the ante by meeting the production targets they set themselves for this year... the only slight downer frothat came out of this week shindi... is at the moment production is standing at only 2650mtv. Talk is cheap, results are everything... they set the targets, now they need to prove to a larger and more serious investment community that they can meet them.

[goofrob] 01/12/2018 13:36

Still lookibg to buy here...will see if price keeps drifting back to 30p.

[jc2706] 30/11/2018 11:57

Well, from a technical point of view (which clearly isn't everyone's cup of tea), a retrace to about 37p would be perfect and set up for a bounce to 60p ish should things progress as I think most likely. Of course, this is only dealing with probabilities rather than certainties and as the situation progresses so does the outlook in the same way that if news is announced that changes the fundamentals, then the fundamental outlook changes.

[dmitribollokov] 30/11/2018 10:02

yeah mid 30s looks on the cars JC unless 40 can provide some support, not sure why it should though, it didn't really provide much resistance.

[katylied] 30/11/2018 10:00

Ho Hmmmmm...

[jc2706] 30/11/2018 09:46

What double bottom?

[jc2706] 30/11/2018 09:33

Well, there is clearly a significant seller amongst a lot of smaller buyers (whoever said that there was heavy selling all afternoon yesterday needs to revisit how they assess sells and buys as the opposite was true). When the buying drops off the seller comes to the fore.

As I suggested a couple of days ago, there is still a chance that this revisits mid to late 30s. In fact, it is probably the healthiest thing to do in terms of future share price appreciation.

[dmitribollokov] 30/11/2018 08:26

fair enough - I don't think it's warrants overhang per se, it's just run out of steam a bit after a massive run. Need news or another institutional investor to get on board for it to take another leg up. Hopefully the latter will be sharpening pencils post the conferences this week.

[katylied] 30/11/2018 08:02

No chartist going to mention the double bottom?...

[zeusfurla] 30/11/2018 07:42

psbhoy Yes thanks for clarifying - that's what I meant. I tend to post in summary language sometimes! What I mean is there appears to be a seller of some quantity offsetting the far larger number of buyers at the moment. Although buying has calmed down a bit for now it will return.

[psbhoy] 30/11/2018 07:38

Dmitri, I think that the reference to warrants is not to outstanding warrants, but to the shares belonging to previous convertors of warrants

[dmitribollokov] 29/11/2018 22:23

It doesn’t, the warrants are all gone. It depends on whether short term bulls or bears are in charge. This has been trading quite technically recently, without news it may fall further.

[zeusfurla] 29/11/2018 22:06

Depends on when the MM's run out of shares/warrants - could be tomorrow or could be longer. Risky to be out imho. This will move fast again once the apparent overhang is cleared and prospective buyers see that.

[dmitribollokov] 29/11/2018 20:09

That was slightly underwhelming px action today, let’s see what tomorrow brings. Powder still mostly dry for this one...feels like a cheaper opportunity will present itself atm, we’ll see.

[psbhoy] 29/11/2018 20:04

Dream on Goofrob

[goofrob] 29/11/2018 19:54

Drifting a bit....once at 30p interested. GLA...

[coldspring] 29/11/2018 18:56

You are correct I much prefer the test match format.

[coldspring] 29/11/2018 15:10

Thought the RNS would see more buying given the detail and the award publicity last night. Looks like we might see 30's after all. Heavy selling all afternoon so far.

[abbotslynn] 29/11/2018 11:30

Agree
Cant see any truth to it.

Edit - If it works in part its only due to the people who follow it and then all act together collectively, bringing about a self fulfilling prophecy.

[jc2706] 29/11/2018 10:23

They are just probabilities. If a TA believes his charts 100% then he is in for a hiding at some point. They are also a moving feast so you shouldn't get wedded to one viewpoint. There are some very bad chartists around, some of them with large followings as well which makes it even more worrying!

[katylied] 29/11/2018 10:12

6072 - Sound advice. I worked on a tech analyst's project at a commodities broker some years ago. He had been head hunted, but had not delivered. he had complained that he hadn't been given the tool he needed. So I created the analysis tool he requested.

He checked the accuracy by comparing to his own historical charts. There was a problem. On close examination, it turned out his historical work was riddled with errors. Quite how be built his reputation, became a open question.

It certainly left me with a healthy skepticism
about how and when charts add much value...

[dmitribollokov] 29/11/2018 10:09

To be fair warren buffet says that and then massively hedges and unhedges using CDS etc

[jc2706] 29/11/2018 10:08

Actually, I invest on fundamentals (although my initial investment in BMN back in October 2013 was a 'special situation') but I find it useful to use technicals to support it. In particular, they can be pretty reassuring with pull backs if such a movement is consistent with the technicals. That is why I would be pretty relaxed if the price went back to the mid-30s as this would be entirely consistent with a continuation of the trend. That said, the 20 day EMA has proved a reasonable support level in this latest move (apart from the strike which was an anomaly).