Share Name Share Symbol Market Type Share ISIN Share Description
Bushveld LSE:BMN London Ordinary Share GG00B4TM3943 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.65p -3.41% 46.75p 5,770,805 15:17:32
Bid Price Offer Price High Price Low Price Open Price
46.50p 47.00p 48.75p 46.50p 47.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.21 -0.68 -0.12 523.2

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Date Time Title Posts
19/11/201819:41Bushveld Minerals5,922
30/5/201821:2110 bagger Road to production94
28/3/201811:35NEW Bushveld Minerals (Moderated)42
05/12/201720:46Good management117
27/8/201721:44Google Synohydro Gabon35

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Bushveld Daily Update: Bushveld is listed in the Mining sector of the London Stock Exchange with ticker BMN. The last closing price for Bushveld was 48.40p.
Bushveld has a 4 week average price of 27.75p and a 12 week average price of 18.75p.
The 1 year high share price is 50.10p while the 1 year low share price is currently 7p.
There are currently 1,119,057,953 shares in issue and the average daily traded volume is 12,169,649 shares. The market capitalisation of Bushveld is £523,159,593.03.
jc2706: I agree that there appears to be stake building. Unsurprising given the strength of Vanadium with more predicted but perhaps the trigger is the prospect of a dividend policy with a payout to come soon afterwards. That would attract a whole new class of investor (see AAZ share price subsequent to a maiden dividend announcement).
dmitribollokov: The difference here is that this isn't a re-rate of an E&P company years away from production. It's a company already chucking off tons of cash, that is preparing to start paying divis. It is way undervalued on a simple P/E basis on what it is currently earning. Yet it is also a massive growth story too. It could be double the current share price and still be way undervalued...
dmitribollokov: It’s uncharted territory here, RSI is overbought, but that won’t matter too much, look at the move from 8-handle to 24-handle. The share price tripled in about a month from an overbought base. No reason that can’t happen again. This company is way way undervalued.
slammer1888: So his £5 share price was accurate; have you come back from the future?
jc2706: DTaliadoros, I don't think that it has been lost per second but the presumption is that resolution will not be that far away. As such, focus has moved on to the increased stake, although there was some evidence in the price that sentiment was turning anyway owing to the resurgent Vanadium price which has by far been the most significant contributor since the Vametco purchase. Of course, if the strike looks like it is going to be protracted then the pressure on the share price is likely to re-emerge.
katylied: ARC comment in their note today... "...Today’s transaction takes the total consideration for 75% of Vametco to US$41.5m, less than 40% of our estimate of the (consolidated) EBITDA the operation could generate this year..." "...Bushveld’s current share price offers compelling value, particularly given the organic growth prospects at Vametco. The transaction is similarly accretive to our sum-of-parts valuation, lifting our NAV estimate by 23% to 36p per share. The latter represents 90% upside to Bushvelds current share price, a valuation gap we believe should narrow as the Vametco expansion is further progressed over the next 12 months and as Bushveld begins drawing up its share of surplus cash flow from the operation (which we feel today’s transaction brings a step closer)..."
brucie5: I have just sold down my modest holding in ITM this morning to grow my stake in BMN, which I hold alongside a stake in REDt as combined ways to ride the growing excitement around vanadium storage. I'm, very impressed by the continued strength of the chart here. Anyway, this is from Pennypusher on the LSE. Perhaps sceptics here might care to comment? ----------------------------------------------------------------- Thought I'd share a brief discussion from Twitter regarding the planned production increases, and what that would mean for our financials and by extension the share price: Summary: - Yearly profit after tax for 5,000 mtv and 10,000 mtv of ~£75m and ~£150m, respectively, @ 65 USD/kg FeV. - Using average PE ratio of other cash-generative AIM100 companies this suggests a "fair value" market cap of £1.6 billion and £3.2 billion, respectively. - Above market caps equate to a share price of £1.40 and £2.80 for each scenario. Notes: - Assumes 59.1% ownership of Vametco (potential Sojitz buyout to increase ownership) - Assumes FeV price remains constant around 65-70 USD/kg (currently ~80 USD/kg) - Does not consider other aspects of the business (Bushveld Energy, Lemur etc)
abbotslynn: Another great encouragement for our share price from the internet today- Using the production guidance of 3,680 tonnes, FeV at $75 per kg and all in costs of $25 per kg (conservative), Vametco generates $184m net profits, our share is $107m. That gives us profits after tax of £57m and a forward PE of just 4.11 at the current share price of 21.85p. A fair PE of 15 would increase our share price to 80p. Production increases to 5,000 tonnes pa next year, increases our share of profits after tax to £77m, giving us a forward PE of just 3.02. A fair PE of 15 would increase our share price to £1.08. Taking out Sojitz and producing 5,000 tonnes pa at the current FeV price increases our profits after tax to £98m, giving a forward PE of just 2.38, at the current share price of 21.85p. A fair PE of 15 would increase our share price to £1.38. This just takes into account Vametco. Bring on Mokopane, Brits, Bushveld Energy, electrolyte, Eskom, brownfield, Imaloto coal, etc! :)
abbotslynn: Thought I would pass on this message by a fellow BMN holder on another internet site this week- Enjoy Imo, there is an excellent chance that Bushveld’s share price will be well in excess of £1 next year. Firstly, last week’s webinar confirmed our thoughts on the future of the FeV price. Demand/supply forecasts show that it is going to be a very favourable period for all vanadium producers over the next few years. The supply shortage is set to continue; there will be growing vanadium demand and only limited new supply coming on line, mainly through our own expansion and from Largo’s expansion. Therefore the FeV price will remain very strong throughout this period and from a starting point of around $70 to $75 per kg, any bounce will be very positive for both BMN’s profits and therefore it’s share price. Secondly, we know that Phase 3 of the Vametco expansion is underway and is likely to be finished ahead of schedule, taking our production to over 5,000 tonnes pa. Thirdly, the planned Sojitz buyout will take our Vametco share to 74%. Buying out Sojitz and producing 5,000 tonnes pa at an average FeV price of $75, gives Bushveld profits after tax of £95m, giving a forward PE of just 2.61, at the current share price of 23.2p. With our incredible growth prospects, I think it is easy to justify a PE of at least 15. That would give us a share price based on those figures of £1.33 later next year. The FeV price almost certainly has further to rise from its current levels, increasing our profits and therefore our share price even further. Also, bear in mind that this valuation only takes into account our share of Vametco. We also have so much more to come. In no particular order. Mokopane mining licence (imminent). Details of Mokopane early revenue generation. Brits vanadium resource news. Bushveld Energy contracts/progress. Electrolyte production news. Eskom VRFBs. Potential brownfield addition. Imaloto coal. etc! It’s been said many times before, Vametco is definitely just the launchpad. Bring on £1 and beyond! DYOR of course :)
nickderby: Bookwormrobert sold out on 23rd Feb when the BMN share price was 2.9p as he thought it was overvalued! Lol. He invested in BMR instead. With advice like that it's probably better to stop giving investment advice! :)
Bushveld share price data is direct from the London Stock Exchange
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