Bushveld Minerals Share Discussion Threads

[sonofbanjosinger] 13/12/2016 17:45

Why has Nick used his cancer as a weapon?... obviously he did not mention it because he did not want you to know.....you get on with your trotting .....trot on

[katylied] 13/12/2016 13:00

RNS - "Under the terms of the agreement, Greenhills Resources commits to conduct due diligence on the Uis Tin Project, following which, if a successful outcome is attained, Greenhills Resources intends to acquire the initial 49% shareholding for a consideration equal to 41,000,000 ordinary shares in Bushveld Minerals (a total sterling amount of approximately GBP0.65m at the closing price on 12 December 2016). The agreement provides for Greenhills Resources to conduct due diligence on the Project over the period to 31 March 2017. The proposed acquisition is also subject to, inter alia, regulatory approvals and negotiation of definitive agreements, including a share purchase agreement..."

[katylied] 13/12/2016 11:09

bennyben - according to your profile you have
been registered since Jan 2012, but these 2
(above) are the only posts you have
ever made....

I see the post that first mentioned 'nick' in
a cringe worthy way, has since been edited
to replace 'nick' with 'BBN' (though a 2nd
reference has been missed).

I think I know a setup,
when I see one...

[katylied] 13/12/2016 10:59

Really. And you think it is OK to use that,
as a 'weapon' on a Financial Bulletin
Board? That really is sick...

[katylied] 13/12/2016 10:55

Who has cancer?...

[bennyben] 13/12/2016 10:54

KatyLied, talking about someone who has cancer like that is disgusting. Do us all a favour and stay off this BB.

[katylied] 10/12/2016 13:30

I'll do as I please

Ho Hmmmmm...

[sonofbanjosinger] 10/12/2016 12:36

Indeed it does, unlike yourself that has nothing useful to say. Trot along ....

[katylied] 10/12/2016 12:27

lol! Says it all... :o)

[sonofbanjosinger] 10/12/2016 12:22

Long term charts are really of no use here.....obviously all mining juniors have been knocked down over the last few years....but companies now with real stories are starting to fly and their is no better story than Bushvield Minerals.Obviously their is not much interest on Advfn boards at the moment but that can change in heart beat.To fair, would you expected BBN to bother with this board when he is treated to demi-god status on LSE, his thinking and logic is second to none and you will find that he has only been really active over the last year so I don't know where you get the "years of ramping" from I am actually suprised that Nick a seasoned investor has bothered with you ....you should bow you head and curtsey and then trott along like a good little person.

[katylied] 10/12/2016 09:46

I have been critical of FM (to varying degrees) going back at least 18months and have been consistantly attacked by the usual suspects throughout that period. Meanwhile the share price has fallen lower and lower. This may have been Ophidian's last LSE/BMN post. Whats is not to like? I agree 100%...

29/11/16 - "Still here JP, I look in from time to time. I notice things are more harmonious now that only rarely does anyone challenge the favourite wisdom providers. Yes I am still invested, in fact I added back the 200K I sold on the last spike recently so back to my normal holding again. To those brave souls who dared to raise the question of why we were paying even more money to Darwin (in total about 320K wasted) - I share your pain and I tried to ask these questions before without any success and with plenty of ire both on this board and directly to our CEO about a year ago, he just smiled at me and the rest of the audience as he asked for our trust. I still think this can and will come good but I still also think it would make more progress especially financially with a new man at the helm. Fortune does not have the experience, gravitas wisdom or skills to maximise the opportunity that the Viljoen's have gifted him and us. Anyway - back into hibernation for me and good luck everyone. Remember to ask questions for yourselves and avoid being spoon fed too much engineered rhetoric.. Regards to the regulars and all LTHs..."

I refer you once again to the long term
chart Walter Mitty. I rest my case... :o)

[sonofbanjosinger] 09/12/2016 22:41

No you are probably right at least that poster put up a good argument ...unlike your amaterish attempts to deramp....and to be honest he was mostly positive about BMN.

[sonofbanjosinger] 09/12/2016 22:36

You do protest ...girlfriend then?

[katylied] 09/12/2016 15:07

Wrong as usual... :o)

[sonofbanjosinger] 09/12/2016 15:05

Mystery solved.

[katylied] 09/12/2016 14:16

Yes, Ophidian never lost the ability for critical thought.
Pity BBN & Co just couldn't stand contrary views...

Oh look! It is happening again...

[alaskin75] 09/12/2016 14:16

(Apologies that should have read) As opposed to someone who puts hours of their own time. . .

[alaskin75] 09/12/2016 14:14

It is a real shame that when someone has a positive attitude to a stock that sonmeone doesn't agree with, they are so quickly thrown the ramper card. It is the easiest put down on these BBs but also that which requires the least research, and thus I find it most discourteous.

A ramper as I see it on these BBs spouts off 2 or 3 sentences of meaningless drivel with little or no factual content. They put hours of their own time into researching a topic and then share it openly with their fellow shareholders.

I'll tell you what lets leave it there for now and perhaps return to this conversation around about April next year. That should be just enough time for the story to fully unfold.

Perhaps then you'll appreciate the difference between mindless ramping and genuine worthwhile research that achieves something tangible.

[katylied] 09/12/2016 13:57

Thought BBN might be flushed out... years of ramp, ramp, ramp...
Ophidian on the other hand, was credible...

[alaskin75] 09/12/2016 13:56

@KatyLied If you don't mind me saying you come across like a very tired and worn down LTH who has allowed passed experiences to cloud the reality of what is now.

I must also add that your interpretation of the current state of play is considerably at odds with my own view. I too for the record am a LTH now in my 4th year.

Whilst selling assets has the potential to support any financial outlay for Vametco, you first and foremost must find a buyer. At the moment the only other asset showing real signs of worth is the tin. Yes iron has made a recovery but is a few months of price recovery enough to encourage a buyer of an asset that is still only at Scoping Study stage? And what price could be achieved for a project at such an early stage. As for the coal nobody is buying that project until the IPP is in place because it is nothing without it. Coal prices may be up but its not economically viable to export the material.

Back to the tin, despite BMN have expended limited resources these last few years they have managed to develop te asset to the point that a JV partner is willing to come on board, finance it and run it. That effectively is a partial sale but with a retained minimum 50% free carry.

It could be argued that they should have sold the asset but the sale price would have been pitifully small because its still an early development project, and with such strong price recovery in the tin market, BMN would have given away far more value than the limited dilution they would have saved us LTHs.

You talked about the amount of £s needed and equity issue destroying shareholder value. Are you sure you have understood the deal and its status fully?

The price of Vametco is $16.46m of which BMN have already paid 10% from previous equity raises. Their total share of the asset will be 45%, so they have 35% to find, or $5.76m. In pounds that's about £4.6m

Even if no debt were to be achieved, that's maximum 400m new shares at say 1.2p.

But as we know the declaration is that debt of some sort will be achieved.

I hear your concerns regarding debt but it is a valid tool enployed by nearly every business in the world to leverage their assets in order to enhance future gains.

In addition, I would question what as a LTH did you expect would happen if Mokopone was developed without Vametco in the picture? How much dilution and debt would the business have had to take on then. I assure you it would be several multiples of where BMN will end up with a producing asset on board.

I do not deny that previous finance deals have on paper looked costly, but in the context of an industry that was fighting against low commodity prices and limited access to finance, who else can they deal with. They cannot after all magic finance out of thin air.

You may not wish to be open to it but purchasing a profitable asset at a time when prices are in a strong recovery phase, gives a company access to a different tier of finance and far better terms. It is therefore unfair to simply offer an assessment of previous finance as an assumption of what is to come. BMN never had a producing asset before with which to negotiate.

It may be that upon reading this you believe that i am somehow deluded but I assure I am not, I am very well researched on my subject. To judge the BMN of today against the one that has had to survive in a very hard world for juniors these last 3 three years is a mistake.

This company 3 years ago was going nowhere with an iron ore play and even then with Mokopone could only offer investors production in 2019. They will now be in production in 2017. The 2 years of savings on working capital alone will cover any remaining dilution that Vametco needs.

I do find it quite incredible that a small company that has managed to negotiate the purchase of a low cost and highly profitable processor for a nominal fee, receives so little credit for the achievement.

Perhaps that will change once the company announces the purchase, the finance and unveils its plans for 2017.

I believe strongly that we have here a very profitable investment that will make a big splash in 2017. I can see it clearly, I sincerely hope that you stay the course long enough to see it and benefit from it too.

[sonofbanjosinger] 09/12/2016 08:27

That is your take on the situation ...why sell your assets at a knock down price ...when the commodities you have, have increased so much over the last 6 months ...ie tin and coal and companies are now showing interest to develop ie Tin as announced a couple of weeks ago.