Bushveld Minerals Share Discussion Threads

[nickderby] 09/4/2017 08:46

Bookwormrobert, being a mining engineer is not much use to you, if you don't understand business and investment!

I don't think anyone in their right mind would listen to someone who sold here at 2.9p and then chose BMR at 7.9p as a better investment.

LMAO :)

[gilesgraves] 09/4/2017 08:01

Wolf, how many shares did you buy and at what price?

[wolf_in_the_bath] 09/4/2017 07:16

I'm selling first thing on Monday I feel it's gonna TANK BIG TIME thanks bookworm for your expertise

[kenco7] 08/4/2017 23:44

Goodnight Bookworm !

[thegrumpster] 07/4/2017 20:28

It is not simply a question of just having a timescale of a week.





“Another downgrade in just one week is a major blow,” said Piotr Matys, an emerging-market strategist at Rabobank in London. “It means that even those foreign investors that are still relatively optimistic about the long-term outlook for South Africa may have to trim their exposure. In the short term, in the coming weeks, we will probably witness a wave of capital outflows.”

[nickderby] 07/4/2017 18:30

If your timescale is a week then move along to another stock.
However, the next 12 months with BMN should be 'transformational'.

All Company platforms are beginning to look very strong.
The market is beginning to learn that we don't only have the world's largest, lowest cost vanadium resource!

Everything is being carried out with very limited dilution as promised by the Company.

DYOR

[thegrumpster] 07/4/2017 18:18

If this does not go up next week, then my guess would be that some of the uber-bulls might start quietly taking profits.



Shame about the suspiciously rampant hysteria on LSE, as it seemed to have promise.

Getting too cynical about AIM, perhaps.

[nickderby] 07/4/2017 17:56

I should add that FeV went over $28,000 per tonne today and we produce Nitrovan, which attracts a premium price :)
We are a low cost producer, with a commodity in a supply deficit and the profits start rolling in from today!
You really want to short this share? Don't keep it open too long. LMAO

[nickderby] 07/4/2017 17:51

You've got to laugh at your lack of knowledge here.
Someone who sells here at 2.9p and buys BMR at 7.9p is giving investment advice to us now. Really?
I rest my case!

[bookwormrobert] 07/4/2017 17:40

Paid PR shills praise share they were paid to praise - WOW!
Next week a torrent of warrants will hit the market, just as Bushveld announces an emergency fund raising from shareholders. This will get very bloody.

[nickderby] 07/4/2017 16:51

Bushveld presentation from yesterday.

[nickderby] 07/4/2017 16:49

Bushveld plans coming together as it completes Vametco acquisition.

[nickderby] 07/4/2017 16:44

''The timing was fantastic, they agreed what we think is a bargain price ... and since the deal was agreed the Vanadium price has picked up and from what I see it looks as if Bushveld is essentially using Vametco's own balance sheet to finance the deal through what is quite an innovative debt structure'', Meyer says.

[nickderby] 07/4/2017 16:43

SP Angel.....

Bushveld Minerals Limited's (LON:BMN) Vametco acquisition is immediately earnings enhancing assuming vanadium prices remain at new highs, reckons house broker share price Angel.

Today, Bushveld signed off on its long-awaited and transformational deal to buy Russian firm Evraz's 78.8% stake in Strategic Minerals Corporation.

The latter holds 75% of Vametco Alloys which in turn runs the Vametco vanadium mine and process plant 8km northeast of Bushveld's Brits project.

"If vanadium prices continue to rise Vametco will not only be a cash cow, it could be a cash elephant," says analyst John Meyer in a comprehensive note.

For Evraz, Vametco was a minor plant which could easily be cast adrift with a US$16.5mln price tag looking a lot better in roubles.

For Bushveld, Vametco is a major opportunity to save over $200mln in capital costs and four to five years on the road to development.

"Critically the company has saved a minimum of three years on feasibility, financing and construction with the added benefit of taking on the Vametco plant at a time of rising vanadium prices and with a fully committed management and operating team," says the analyst.

The acquisition will add cash flows, profits and the potential for dividend distribution depending on vanadium prices, he adds.

SP Angel also noted that a restated JORC resource at Vametco is estimated to contain 139mt grading 2.1% “with scope to increase the reserve base by targeted exploration of the inferred resources".

The mine and plant is one of the cheapest primary producers of vanadium in the world with all-in cash cost of production at US$17.33 per kg of Vanadium, says Meyer.

Valuing the Vametco operations, the broker says if it was to use the PFS (prefeasibility) assumed price of US$7.5 per pound for vanadium pentoxide and its implied Ferro-Vanadium ‘FeV’ price then the net present value is 244mln at a 12% discount rate on a more conservative and cautious model.

Overall, for the Bushveld group, the broker has a target price of 11.6p and rates the stock a 'buy'.

[bookwormrobert] 07/4/2017 16:33

Thought about it. Reopened short with double my original stake.

[bookwormrobert] 07/4/2017 15:18

Thanks for your compliments! I cashed in the short a couple of days ago - made a very small profit, enough for a night out. I should have kept it open, of course, but got put off by the crazy ramping on LSE. Expecting a desperation share placement to be announced over the weekend / in next few days, and the share price to subsequently crash; as far as I can see it, it's the only move BMN's management have left. How else are they going to pay off the bridge loan?!?

[beardj07] 07/4/2017 08:03

Bookworm stop talking rubbish. How's the short working out?

[bookwormrobert] 07/4/2017 07:58

But no finance in place to replace the bridge loan - extremely risky.
Also, very high AISC of vanadium production - compare to by-product producers, not other primary producers (there's the deception). Barely commercially viable.