Bushveld Minerals Share Discussion Threads

[plat hunter] 18/1/2019 22:14

Some of us invest and trade out of interest.. Others like 5 watt Dim Switch are best friends with hindsight.What other fantasy shares have you made on?

[dmitribollokov] 18/1/2019 18:00

Why? i change my mind as the information changes. One needs to be especially nimble in jurisdictions like this. I’ve always said this a great company with a great story in a rubbish jurisdiction. I haven’t been a fan of the future of SA since the first time i went there. This story and certain delays don’t make me feel any more comfortable. Add the cult-like madness that surrounds this share and I don’t feel like anywhere near this is time to reload. You can do as you wish.

[jimmyshares] 18/1/2019 17:35

Dimit you give chameleons a badName

[dmitribollokov] 18/1/2019 17:33

Pediment precisely - black empowerment is a vehicle to replace one ruling elite with another ruling elite that has a different colour skin. It is nothing to do with empowering the powerless.

The more it continues, the more strikes you’ll have etc and the more SA will turn out like Zim. From breadbasket to basket case. So sad what is happening there...

[dmitribollokov] 18/1/2019 17:30

I don’t want back in anywhere near here tbh...

[dontay] 18/1/2019 17:28

No worries. As this video is a concern for you, your presumably going to stay out until after the upcoming updates and/or the share price has dropped accordingly.

[pediment] 18/1/2019 17:26

Ramaphosa won't do a damn thing, he is entirely sold on the neo-liberal consensus, however, the huge wealth divide in SA will prove problematic in the near future. Imo the old economic race divide will shift to be perceived as it always was, a class divide. And that divide is becoming more obvious to poor South Africans who may be palmed off with more of the cake but may eventually want the shop.

[dmitribollokov] 18/1/2019 17:06

This is a concern

[jc2706] 18/1/2019 16:44

Actually my point was that the reaction in the market is to initially sell but these dips are bought heavily. We didn't know about any of those historical disappointments ahead of their announcement but that didn't stop them being bought. Logically on recent evidence a Q4 disappointment would most likely cause a dip that is heavily bought.

[pediment] 18/1/2019 16:25

"The Q4 numbers are pretty much guaranteed to provide extremely strong cash flows".

I'm not disagreeing with you on the historical points but the above underlines my broad point. The risk that a miss will be disproportionately hammered. As I'm sure you're aware the fickleness of the market knows no bounds, ask ASOS holders (not a direct comparison obviously)

Just a risk/reward analysis at the end of the day which I tend to think is a more neutral proposition than some.

[jc2706] 18/1/2019 16:11

I don't think so. If you look at the last 6 months there has been a fair amount of imperfect news from grade issues to strikes and lowered production targets. Each one has been met with a drop and then a substantial rise. The fundamental point is that the Vametco purchase for a tiny amount followed by the astonishing rise in the Vanadium price caught the market on the hop and it has been playing catch up ever since. There is a real underpinning business here and make no bones about it, the Q4 numbers are pretty much guaranteed to provide extremely strong cash flows.

[pediment] 18/1/2019 15:49

Phenomenal share price rise etc, blah etc. but in the very widest sense part of the risk here, psychological and technical, is the huge expectations heaped up here and the possibility there is a considerable element priced in, therefore a sell on imperfect news scenario must be considered.

[pediment] 18/1/2019 15:06

It's actually the minions that are more of a pain :-)

[bmnsa] 18/1/2019 14:38

TrueI had a 2000 % er and paid off all loans, house etc and have been chasing another ever since. I was quite carried away with myself. Back to earth ever since but a lot richer.

[jc2706] 18/1/2019 14:29

I think that the long term holders have got much more defensive recently and that this is a direct result of the rise. A number of the posters on LSE have millions bound up in BMN which is liable to make people a little bit touchy especially if it is pretty much their only investment, as some of them have admitted. Good luck to those people but we can get too convinced of our own genius sometimes - a good win has a habit of doing that.

[pediment] 18/1/2019 13:01

PMSL, now knuttjob having a tantrum because one of his usual snide, I'm such big man, posts got deleted by admin, outstanding....

[le maillot jaune] 18/1/2019 11:20

I do find this browbeating of posters rather distasteful, particularly given the strength of the position that LTHs here find themselves in. This isn't 2015/16. There is no need to be so defensive. If some visitors here cannot see the opportunity then that is their right and in my opinion their loss, and comments that are not to one's taste should be simply ignored.Wise words from Bigbitenow but will the thugs listen ?

[vanadiumx] 18/1/2019 10:59

Well said.

[jc2706] 18/1/2019 10:49

Le Maillot Jaune,

Fortune Mojapelo (I am sure that you realise that you undermine your point by deliberately making fun of the name) is by no means without fault. He has undertaken a variety of things that I have not been comfortable with (Darwin involvement was an obvious one but there have been others) but has got a couple of very big decisions right (Vametco and Lemur for example) that have added enormous value. Do I think that he is God? No. Do I think that he is a pretty astute strategist? Yes. Overall I would say that he has positive credit in the bank.

To be honest, the most significant thing for me currently is the Vanadium price and there are reasons to be encouraged on this. I don't expect production for Q4 to be eye opening but the financials will be purely on the back of that Vanadium price. But the most significant aspect of the report will be the production number and whether there are indications that the phased improvements are coming through to the production numbers. If not, you have to question the operational performance. If they are then 2019 is likely to be a very strong year.

[le maillot jaune] 18/1/2019 10:34

JC you know that, I know that but you missed my point. Folks over there label Fortune Jalapeño as some sort of messiah. It is totally delusional

[jc2706] 18/1/2019 10:26

Bushveld were never going to participate in a fund raise for Afritin and never will in my opinion. The point of divesting it was to focus on the Vanadium operation. In the same way it is likely that the Lemur operation will be demerged.

I would suggest that Bushveld have not missed out on the recent rally. They still have a significant stake which would have increased in value. However, I do not see an awful lot of point in Bushveld maintaining their stake in Afritin so at some point in the future I would see this being passed on. It is unlikely that FM would shaft AV so I suspect an off market transaction is the most likely mechanism.

[dontay] 17/1/2019 15:11

As expected it's starting to move up now ahead of the Q4 updating season. Lemur's Q4 probably the first and expectations are high that it will land tomorrow am.