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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
  -0.75p -1.89% 39.00p 3,322,076 14:59:27
Bid Price Offer Price High Price Low Price Open Price
38.50p 39.50p 39.80p 37.65p 39.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.21 -0.68 -0.12 436.4

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Date Time Title Posts
23/1/201915:02Bushveld Minerals6,646
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 39.75p.
Bushveld has a 4 week average price of 36.75p and a 12 week average price of 30.60p.
The 1 year high share price is 50.10p while the 1 year low share price is currently 7.90p.
There are currently 1,119,057,953 shares in issue and the average daily traded volume is 3,005,826 shares. The market capitalisation of Bushveld is £436,432,601.67.
jc2706: The share price is currently at the point where it could go either way as it is approaching serious support. Good news would transform the situation as would bad news! Unfortunately BMN's biggest weakness is communication and the reports since buying the Sojitz stake has been pretty poor. Let's hope that this changes with a good Lemur report (a JV would be great, a sale even better), confirmation of successful commissioning of the VRFB (failure would reflect extremely poorly, particularly on UET) and some progress towards increasing production (again poor production numbers would reflect badly). Whilst the market capitalisation is not huge compared to the free cash that has likely been generated in Q4, it is no longer a microcap so disappointments will have a greater effect. All of that said, we are starting a period where there is a great deal of news arriving and if it is positive this could push the share price into resuming its upwards momentum. Getting rid of the constant background selling would also be a start!
jc2706: I am actually more interested in the performance of the company than the share price - the latter corrects itself eventually. I want to see evidence that the operational changes to improve the nameplate capacity are actually feeding through to production as we haven't seen this so far. The revised target suggested 703-753 mtV for Q4 and considering that revision was made several weeks into the quarter it would be pretty poor to miss it. Whilst at that level of production the cash generation would be very large indeed it still would not be representative of a plant operating to the levels anticipated when the upgrades were completed in June 2018. That said, production would have to be catastrophic for them not to have generated a significant amount of cash in Q4.
nickderby: Nvhltd, all your negativity and yet you supposedly own 6m shares. All your negativity and yet the share price has gone up around 32 times in the last 2 years (1.25p to 40.75p). Even with your negativity, BMN remains massively undervalued. I'll take your negativity all day long. Keep it up please. Back to reality on the LSE board for me :)
2prsimo: psbhoy It is still bang on support at the moment at 38.5p. A head and shoulders would form if you took the trading from October to November as the left-hand shoulder at 27-30p, the head is the 40-50p range; so to complete the formation the right-hand shoulder would have to see the share price come back to the 30p area. It's all tea-leaves stuff and may not happen; good news of course and the share price could race away again. I think BMN have news due on their dividend and a licence so we'll see. Add in general market jitters and it will be interesting to see which way the chart goes. All in all though BMN is a solid hold
jc2706: I have no problem with Alfacomp's identification of buys and sells but I tend to take less as fact the suggestion as to why. What cannot be doubted is that there has been a significant seller/s over the last few weeks - the holdings notification suggested as much. How the market shifts those shares is entirely up to the market but a large holding dumped quickly would cause a fair amount of damage to the share price. However, when someone owns up to shorting or suggests shorting (as was the case at the weekend) then it would at least be worthwhile considering. For what it's worth, my take on the situation is that the share price flew up very quickly indeed and that 50p was too much of a stretch in the short term. As such, this attracted selling, including a significant holder (First Island). Whilst there was a great deal of buying (particularly by the group behind the recently acknowledged TR1) the seller could be contained but we have seen a reduction in the buying lately and this has exposed the selling. At some point these things level out (and I would suggest that there is a fair level of support not far below this point), the selling will dry up somewhat and new buying will be stimulated. And so the process repeats! Of course, the process also repeats to the extent that there will be those that buy at the local top and lose out on the drop. All I would say to these people is look at the history and see whether those that bought at the 'top' at 10p are unhappy with the performance since then.
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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