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Share Name Share Symbol Market Type Share ISIN Share Description
Bushveld Minerals Limited LSE:BMN London Ordinary Share GG00B4TM3943 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125 -0.93% 13.25 13.00 13.50 13.875 13.25 13.38 417,653 08:37:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 87.9 62.8 4.2 3.1 148

Bushveld Minerals Share Discussion Threads

Showing 14101 to 14124 of 14125 messages
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DateSubjectAuthorDiscuss
27/10/2020
08:37
Looks like we have an inverse head & shoulders forming on the chart.
parob
27/10/2020
08:20
So if you set up twitter account including the name of wealthy investors, you can literally pump anything you want and people will lap it up?
plat hunter
27/10/2020
06:00
Tweet by @AimWarrenBuffet outlining....WHY NOW IS THE RIGHT TIME TO BUY BMNhTTps://twitter.com/aimwarrenbuffet/status/1320858746466258951?s=21
parob
26/10/2020
15:55
“We started 2020 on a strong financial footing and accessed our financial facilities to weather the coming storm. With US$24.6 million in cash at the end of June, we entered H2 2020 in a solid financial position”. So we entered H2 2020 in a solid financial position did we? It seems to me that at the end of H1 we had net $2.2 million in the bank of our own cash if you strip out the $22.2 million in loans and interest. We were in such a strong position that just a few weeks later we went cap in hand again to lenders to borrow $65 million. When you consider that the interims and those statements came out only 4 weeks ago it shows how bleak things must be if we are borrowing heavily to restructure debt and expand at a snails pace.
nvhltd
26/10/2020
15:51
Nvhltd So it doesn’t look like we’ll get dividends any time soon then I also see V is down in China China : US$7.10/lb (0.00%) Europe : US$5.20/lb (0.00%) Ferro Vanadium 80% USD / kg China : US$28.50/kg ▼(-1.72%) Europe : US$23.75/kg (0.00%)
zwift
26/10/2020
15:31
From the interims: “We started 2020 on a strong financial footing and accessed our financial facilities to weather the coming storm. With US$24.6 million in cash at the end of June, we entered H2 2020 in a solid financial position”. “In addition, the Company announced that the previous owner of Vanchem, Duferco Participations Holding S.A. ("Duferco"), has agreed to accept an early repayment of US$11.5 million of their US$23 million convertible loan notes issued in accordance with the terms of acquisition announced on 23 October 2019”. It seems clear to me that we are borrowing $65 million. Paying back circa $24.6 million plus $6.75million in cash to Duferco and $6.75million in shares (the same next year). So it seems to me that the only cash we will have is borrowed and will stand at circa $33,650,000 after the original loans are paid off. Now deduct phase 3 at Vametco, phase 1 at Vanchem, our share of the electrolyte plant construction, Operating costs, possibly dilution at Invinity and Afritin, Vanadium leasing costs, financing the minigrid?, supporting Enerox, possible listing change of market costs, Lemur costs, Mokopane ongoing costs, ESKOM / South Africa tender costs, increasing operating costs at Vanchem as the free ore runs out and if we are lucky working capital costs to support these projects and I think you can see that $33 million isn’t going to go very far. Certainly not at the current Vanadium prices.
nvhltd
26/10/2020
15:05
From the interims. “Cash and cash equivalent of US$24.6 million as at 30 June 2020, included revolving credit facility of ZAR125 million and term loan of ZAR250 million (31 December 2019: US$34.0 million included term loan of ZAR250 million”.
nvhltd
26/10/2020
14:42
Gah: We’ll see how it plays out. Let’s hope the Vanadium price recovers ASAP.
nvhltd
26/10/2020
14:27
Your lack of financial nous is worrying. I'm not going to waste my time.
gah123
26/10/2020
14:12
Gah: I believe you may or may not be right there. I believe the cash included the loans so I don’t think you should be adding. I believe we have €40 odd million in cash on draw down of the loans, but it’s all borrowed and they will be needing more.
nvhltd
26/10/2020
13:19
Looks very much like this is trying to make a secular trend reversal after prolonged basing pattern. Particularly if this morning's retrace failed and has now been bought into. I've now taken a position, just in case!
brucie5
26/10/2020
13:15
Mauricewolf. Stu! Is that a prison term?
zwift
26/10/2020
12:43
Zwift Stu should really be worried there are boundaries you know even here.
mauricewolf
26/10/2020
12:22
Nvhltd Im glad you’re back, I've been worried all weekend that Mo’s Wife had sent the Cops round to arrest you
zwift
26/10/2020
11:59
Knuttie Pot-Kettle! Are you back in BMN this week, it was BUR And BOO last week
zwift
26/10/2020
11:51
It's not rocket science. Part of the $65m financing will be used to repay the Nedbank debt. The existing cash remains the same.
gah123
26/10/2020
11:41
Gah: are you double counting the $24 cash or cash equivalents? Didn’t Fortune say that included the drawdown on available loans? So is that the loans they are paying back with the new loan?
nvhltd
26/10/2020
11:41
You’ll Be selling up then NVH.
knuttie
26/10/2020
11:40
Intra-day reversal suggests we saw the bottom of the dip earlier at 12.75p mid price.Looking good for the next leg up now.
parob
26/10/2020
11:34
Cheers: BE might not be capital intensive at the moment, but the time is coming if they are going to expand from zero to wherever they hope to be in the short term. You have mentioned the cash equivalents $24 million. No problem, it’s there, but no other potential costs have been mentioned such as: The construction of the electrolyte plant. Mokopane preproduction costs and possible ramp up. The minigrid. They have spoken about the funding being on commercial terms, but who is the lender. Lemur ongoing costs. Ongoing support costs to Enerox. Invinity possibly running out of money next year which mean we will have to support them or our share will be diluted. As I say the trouble is the opaqueness of the financing of the next 2 to 3 years. Personally I believe the low Vanadium prices, the time it is taking for it to recover and various delays threatens to derail Fortune’s grand plan. He has far too many spinning plates and if one comes crashing down then the rest can. If everything aligns we could be sitting pretty - eventually, but I think he is a very worried man at the moment. The opportunities via ESKOM and South Africa could yet mean he is trying to bite off more than he can chew. I don’t normally draw comparisons, but I started watching a series on Netflix last night called ‘Bad Boy Billionaire’ about the rise and fall of 4 Indian billionaires. While I don’t draw any direct comparisons with them and Fortune what is interesting is how their businesses eventually failed.
nvhltd
26/10/2020
11:34
Dip being aggressively bought up.
parob
26/10/2020
11:10
BE energy is 84% owned
gah123
26/10/2020
11:07
Plus cash and cash equivalent of US$24.6 million as at 30 June 2020. BE operations are not capital intensive. If required, project level funding is an option.
gah123
26/10/2020
09:59
The source of funding for BE is so opaque. If I recall Mikhail owns circa 24 to 26% of BE, but in 5 years it has never been disclosed how he is funding he’s participation and share of the company. BE has generated no income, but is clearly spending lots of cash. BMN is clearly the cash cow for BE to survive and yet Mikhail seems to be on a free ride. His share hasn’t been diluted to cover his share of any costs over 5 years, but he’ll be happy to take his cut if they start delivering. How are they going to fund the purchase of Vanadium from BMN? How are they going to fund the operation of the electrolyte plant to break even? How are BMN / BE going to fund the leasing of Vanadium electrolyte? Who or how is the funding of the minigrid at Vametco? We have submitted our first ESKOM bid so we have to assume they have answers, but after 5 years investors are none the wiser of the workings of BE and we are literally 11 weeks away from winning or losing our first bid. The reality is that despite the interviews, presentations, research and RNS announcements we are still very much in the dark.
nvhltd
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