Bushveld Minerals Share Discussion Threads

[parob] 04/12/2020 07:35

Largo resources responding.Up 3.7%, close to 3 month highs.

[parob] 04/12/2020 07:33

Setcentric post on lse:China Prices Rising!Signs of the structural deficit beginning to show with Chinese prices up across the product range.0.47% to 2.6%hTTp://www.asianmetal.com/VanadiumPrice/Vanadium.html

[zwift] 03/12/2020 22:58

Nvh.

You are not boring me, I find your knowledge on BMN very helpful
You tend to call things correctly, most of the time

Keep up the Good work

ATB Zwift

[nvhltd] 03/12/2020 10:38

That RNS was straight out of the Scott McGregor book of RNS’s. Another 2 years away from potential profitability.

The details confirm that they do not have the scale to be nimble and react to interest from potential customers. It also suggests if we draw some comparisons that Enerox are in the same position. No scale and no cash to drive growth. What was interesting is that they specifically mention South Africa as a market of interest.

You can see what’s coming a mile off. BE is going to be floated along with all the energy storage component parts.


Whatever happened to the RNLI, Anglia water, Statkraft, Botswana and German deals?

It’s the same as the Vametco minigrid. Nothing really negative about it per se, but it’s taking forever to build as is yet another ‘demonstration’ project. How many more demonstrations projects does the market need before commercial deals are signed.

Without timelines, which BMN are good at missing and avoiding this demonstration project has got to be 12 to 18 months away from switch on and therefore another 12 to 24 months away from proving viability to potential customers.

[bassguy] 03/12/2020 08:23

Nice Invinity RNSGrowth, growth, growth

[brucie5] 02/12/2020 17:00

Platty, take a look at IOF for (almost) exactly analogous chart.

[plat hunter] 02/12/2020 16:34

Or 34p profit per share for every 17p share converted.

[plat hunter] 02/12/2020 16:33

200% of 17p conversion priceEssentially 17p + 17p + 17p Edit 51p

[brucie5] 02/12/2020 16:25

Plat Hunter2 Dec '20 - 15:33 - 14071 of 14071
0 0 0
That'd be nice 52p
---------------------------------
Where do you get 52p?

*Bushveld has an option to convert all outstanding notes if its volume-weighted average share price is more than 200% of the conversion price over a continuous 15-day period.*

Ah - the old conundrum: is 200% x2 or x3?
I think you'll find it's the former, at least for the sake of this particular contract. But perhaps someone can clarify?

[plat hunter] 02/12/2020 15:33

That'd be nice 52p

[dontay] 02/12/2020 14:24

stockhunters, they don't get to get all the shares immediately!At the option of Orion, the notes may be converted into Bushveld shares at a fixed conversion price of 17p, a near 40% premium to Bushveld's closing price on 6th November, the date the deal was ratified.So its an option... not an obligation, also.... Conversion is limited to a maximum of one-third of the total amount outstanding (including accrued and capitalised interest) over the first six months from close, two- thirds over the next six-month period (less any amount converted over the first six months), and the balance at any time after twelve months until maturity. Bushveld has an option to convert all outstanding notes if its volume-weighted average share price is more than 200% of the conversion price over a continuous 15-day period.

[brucie5] 02/12/2020 13:34

Good note, Parob. And maybe some credit to Fortune if he really has got this right.

[parob] 02/12/2020 13:30

ARC Innovative financing reignites growth driveWe consider the US$65m production financing and convertible loan note offering a watershed moment in Bushveld's evolution, strengthening its balance sheet and thus de-risking its growth ambitions at a pivotal point in the vanadium market cycle. Vanadium's long-term fundamentals look strong, yet pricing is currently constrained by the dual effects of COVID-related industrial depression in the West and elevated seaborne iron-ore pricing (the latter indirectly increasing V co-supply in China). We believe both phenomena will be transient, and that now is therefore the time to be building out low-cost primary capacity in anticipation of much firmer pricing ahead. Bushveld owns some of the world's largest and highest-grade primary vanadium resources, and two of only four primary processing facilities globally. This innovative financing enhances its flexibility to progress a planned expansion of those assets, unlocking value whilst avoiding immediate dilution in what are challenging equity markets for junior miners at present. Moreover, it adds a leading mining-specialist investor well suited to support long-term growth. Completion should thus reignite interest in an equity story that offers substantial – and now greatly de-risked – growth in a highly-compelling commodity class.

[brucie5] 02/12/2020 13:19

Difficult to judge if the company is making best fist of their assets, but what is most decisive to share price will be increased price of vanadium for use in the steel industry, and extent which Fortune has maximised/ timed exposure to this, together with fledgeling VFRB market.

I think it's lining up nicely.

As does Myles McNulty.

[plat hunter] 02/12/2020 13:16

Potential 10 bag just on V with favourable prices and no moonshot spending

[plat hunter] 02/12/2020 13:08

This could go well but I have similar concerns here as to what I have at JLP the earnings of profitable projects are being spent on jam tomorrow projects.Tomorrow doesn't always come, it does sometimes though.

[brucie5] 02/12/2020 11:50

Plat Hunter2 Dec '20 - 09:15 - 14061 of 14063
0 0 0
I did exceedingly well on JLP Brucie

--------------------------------------------
I don't doubt it, and you know a whole lot more than me about mining.
So I try to keep things simple. My current holdings in JLP were bought between May and September this year, and while I have skimmed a little off the top, I haven't tried to trade any. I'm holding them to term.
As for BMN, I see very similar upside, with immediate target of 20p, simply to get back to where we were at start of the year. So I would have to be very agile to make use of small swings either way, when one morning it will be rising by far larger percentages.
My average price here is 13.5, so not yet in profit.

[stockhunters] 02/12/2020 10:42

electric/energy market going bonkers surely BMN turn soon looks so cheap

[shieldbug] 02/12/2020 09:33

From the current Gore Street Capital prospectus

"In addition, the Investment Manager continues to evaluate the commercial viability of flow battery technology and of long duration storage technologies. The Investment Manager anticipates that prices of vanadium redox batteries (a potential alternative to Lithium-ion) will reduce from the current level of US$100/KWh within the next few years."

[plat hunter] 02/12/2020 09:15

I did exceedingly well on JLP BrucieWhat a lot of people don't seem to realise on these boards, is if you don't crystallise your gains, you can't spend them.

[brucie5] 02/12/2020 09:05

Well I wish you better luck than you had on JLP.
The share price has just nicked over the 200sma, so don't leave it too long.
If 13p support holds, the reversal could well be on.

[plat hunter] 02/12/2020 09:03

...There's a few downside gaps again now so might retrace back to 12p.Good luck everyone

[plat hunter] 02/12/2020 09:01

I'm out again only 16% this time13.5 looks like a real challenge, only