Bushveld Minerals Share Discussion Threads

[psbhoy] 25/1/2019 11:38

I can categorically assure you Plat Hunter that you are 100% incorrect in your assertion that all LTHs will have sold or will be selling.

I have not sold a single share although my % profit is no longer 1300% as i have added more shares as and when funds have become available over the last year at prices right up to 37p.

I also suspect that are many others like myself.

[pediment] 25/1/2019 11:37

'marks the largest annual migration since the David Attenborough covered the wildebeest migration across the Serengeti plains of Tanzania.'

PMSL at least Meyer has a sense of humour despite being NoMad to some terrible rubbish.

[dontay] 25/1/2019 11:23

https://www.voxmarkets.co.uk/articles/broker-research-385d1c3SP Angel . Morning View . Blushveld Minerals (BMN LN) - Vanadium prices rise again as China continues crackdown on sub-standard steel rebar producers10:31, 25th January Ferro-vanadium prices have picked up 0.8% to $77-78.75/kgV for 78% material in Western Europe (Fastmarkets MB).Prices in China have risen similarly to 0.7% to $70-72/kgV for the same grade (Fastmarkets MB).We expect the Chinese authorities to determinedly crackdown on non-compliance for strengthening steel rebar.The effect should be for steel producers to move to buy more vanadium in, what looks like, a relatively tight market environment.Chinese rebar prices hit a 12-month high last week but have since settled back at $545-551/t.Producers are closing production ahead of the Chinese New Year which starts on 4th February and marks the largest annual migration since the David Attenborough covered the wildebeest migration across the Serengeti plains of Tanzania.

[jc2706] 25/1/2019 11:18

pediment,

I agree with that. I think that people have also forgotten that some of the long term holders have stated in the past that a portion of their funds are effectively used for trading and for stabilising the share price (not sure why that is necessary!) by selling some on price rises and buying when the share price falls. Of course, human nature being what it is we only hear of the buys!

Then again, we do have posters such as Plat Hunter who continually post their opinion as FACT! :-)

[jc2706] 25/1/2019 11:03

Elucidate?

[plat hunter] 25/1/2019 10:46

Can you honestly remember anything that you say JC or is dependent on which way the wind blows?

All LTH's with a +1300% gain will be selling down, those who say otherwise are lying

[jc2706] 25/1/2019 10:43

I recall that there have been others who have stated that they have sold in the past and I would have expected many LTHs have sold some. Personally I think it is each individuals business as to whether or not they buy or sell which is why I generally don't say either!

[plat hunter] 25/1/2019 10:33

Finally, an honest long term holder.

Good on you BMNSA and congrats on your holdings and profits

[bmnsa] 25/1/2019 10:30

I did sell quite a few earlier this week. Been here so many times before of having made a decent profit in a cast iron sure thing company,to then see it dissipate into nothing,looking back feeling rather sick with myself for letting that happen.Still left happily holding 50% of my original shares with out fear. Will buy again into any rise further down the road as I love the story.

[au24] 24/1/2019 23:49

Can't quite believe the amount of Cancer connected to owning BMN shares. Quite scary really.

[plat hunter] 24/1/2019 19:11

Just look at the order book you donk

[coldspring] 24/1/2019 17:41

It would do because you are bearish. Feel free to post actual evidence. You clearly like to profess alleged knowledge with regard to BMN. In reality your mid term paid deramper report says "stop being sanctimonious" #filteredagain

[plat hunter] 24/1/2019 17:07

Order book looks in favour of the bears imo

[jc2706] 24/1/2019 15:57

Not for long...... There seems to be a ready supply of shares available on any uptick in the same way as there seem to be a number of buyers on a down tick.

[jc2706] 24/1/2019 15:08

A couple of points.

Firstly, there is actually a reasonable amount of evidence to suggest that the Vanadium price has stabilised despite what has been stated above. Note, I say 'stabilised'. I do not yet believe that there is sufficient evidence to state that prices are rising or, indeed, that they have bottomed but they have certainly stabilised.

Secondly, it has been pretty obvious that there is at least one large seller lurking in the background. Whatever you think of Alfacomp's analysis, the basis for it is sorting out the buys from the sells. I concur with his thesis that the published buys have certainly outweighed the published sells. The hypothesis that a market maker would run a naked short at the level this implies has been ditched long ago. It is clear that the difference in trades is due to undisclosed selling. At some point this will need to be disclosed (there is evidence to suggest that it should already have done so) and then we can put the speculation to bed.

The sellers have been quite kind in the fact that they do not want to crash the market. However, there are times when the buying wavers and/or additional selling comes through to add to the overhang. There is little the price can do other than drop in these circumstances.

Do I think that the company is way overvalued? No I don't. Based on anticipated free cash flows (that need to be backed up by company reports of course) there is evidence to suggest that it is undervalued.

Do I think that it is a massive buy? Not as much as it was when it was 8p but it is still worth buying at these levels although it is understandable if long term holders do take profits as the price is struggling to break the grip of the seller(s). 1000%+ gains are not to be sniffed at and from a technical point of view the price probably needs to remain at this level or slightly below if it is not to flirt with a potential fall to next level support.

[dontay] 24/1/2019 12:24

https://www.weforum.org/events/world-economic-forum-annual-meeting/sessions/a0W0X000009zMEWUA2http://hometimes.co.za/2019/01/heres-why-eskoms-battery-storage-project-should-give-homeowners-hope/The publication by Eskom last year of a 19-page report (pdf) outlining how it planned to implement an externally funded battery storage project linked to South Africa's alternative energy facilities rekindled hope that some good news was filtering out of Megawatt Park. The two-phase programme will start with an 800 megawatt-capacity distributed battery network.While Eskom is anything but cash flush, the World Bank and the African Development Bank are joint funders of the two-phase project which should see battery storage sites built near the existing grid to integrate renewable energy into the national grid.Contact was made with Eskom's media desk to ask for an update on the project. Here's the response: ""The readiness timelines will depend on the finalisation of funding plans, internal approvals and external statutory approvals, and the storage sites will be in Eskom distribution networks across South Africa. The cost is commercially sensitive information. Investment will be provided by multiple funding partners. All the standard functions available in battery storage solutions will be considered. The functions will be customised for each site."It is clear from the Eskom report that the utility has to negotiate a lengthy list of environmental approvals. Six authorities issue environmental approvals requiring the need to consider 10 pieces of national environmental legislation, the first of which is the National Environmental Management Act 107 of 1998 (updated 16 July 2018). However, South Africa's environmental legislation is the equivalent of the safeguard requirements stipulated by the World Bank and the African Development Bank.The Eskom report states that the battery programme will comprise the supply, installation and operation of "distributed battery storage infrastructure at Eskom sub-stations including sub-stations located at existing Variable Renewable Energy (VRE) plants operated by Eskom Renewables (including the Bank-funded 100 MW Sere wind farm), upcoming distributed solar PV to be implemented by Eskom Distribution, and the new REIPPP (Renewable Energy Independent Power Producer Programme) sites. The Battery Energy Storage System (BESS) will be used to assist peak shaving, frequency support and ancillary services in the distribution network."The Capes and KwaZulu-Natal first to be servedThe first phase of the Distributed Battery Storage with Distributed Solar PV project will entail 800MWh of distributed battery storage only being implemented at 47 distribution sites in the Eastern (2 sites), Northern (7 sites) and Western Cape (24 sites) and KwaZulu-Natal (14 sites) by December 2019. Phase two will comprise 640MWh of distributed battery storage with 60MW of distributed PV to be implemented in all nine provinces by December 2021.The Eskom report states that the "sites have been selected based on the technical need for battery storage to support the integration of renewable energy and the stability of the distribution network. Therefore, the majority of sites will be existing Eskom substation sites, wind energy sites or adjacent municipal land. This therefore means that there will be no relocation of people."The battery storage systems will be containerised and the containers installed primarily on already disturbed areas within existing electrical sub-stations, generating low environmental impacts. Additionally, the operation and maintenance of the facilities will be mostly carried out remotely. Therefore, no potential indirect or long-term environmental impacts are expected from the project."Progress is being made with the project's first phase with the appointment last year of environmental impact assessment consultants in the four provinces.

[pediment] 24/1/2019 12:23

Vauch, it's not all bad, but it is an interesting behavioural study, might run a book on at what lower share price it turns into 1917 for the Tsar and his ministers. Although to be honest the people sucked in at the top usually stay pretty shtum.

It certainly is no pump and dump, that would be a ridiculous assertion to make, appears to be a reasonably well run co. with decent resources(for once) but the hyper positivity, constant bloody cut and paste and the pseudo-analysis, well let's just call it a very well organised promotion and as DM says it's just run out of steam for the moment.

Despite what people would have you believe the V price shows little sign of slowing in it's descent, although price discovery seems pretty C18th.

It just yanks my chain to see all the self proclaimed millionaires, telling people who will lose sleep and goodness knows what else over the 20%, shortly to be 40%, drops to buy, buy buy at any price while if they were half as smart as they think they are they would have de-risked considerably on the two spikes, although the relative illiquidity of the market would make that difficult.

We're looking at global slowdown at best, a lot of the good news is priced in here and none of the bad. For pities sake the drop to support yesterday looked to be pretty much mopped up by one PI

If I'm wrong, I'll be more than happy to acknowledge it at a later date. GL

[plat hunter] 24/1/2019 10:54

Dimi I said this week's ago and you called me a troll for it.

[vauch] 24/1/2019 07:20

Pediment. if LSE chat is that bad why on earth do you look in on it every day?