Bushveld Minerals Share Discussion Threads

[jc2706] 22/1/2021 08:21

I tend to specialise in miners. The only dealings I am likely to have with SAGA is for insurance or cruises!

[purchaseatthetop] 22/1/2021 06:17

9 days of rises in a row and accelerating. That is why I am back in with my full investment load having moved money from here to ITX and AGL. Still held about 50% but Xmas/New Year was always going to be quiet and the update is now due.

FV 50% China +2.11%
FV 80% Rott +0.73%
FV 80% Pitts +0.72%
V Pentoxide 98% China +0.53%

The longer it takes for the share price to reflect the ever increasing prices, the more rapid the correction that will come. Elastic band getting tighter and tighter.

Have a great day everybody. I received a message from Gurunostrad a couple of weeks ago (Hi) recommending SAGA. It did not buy (more fool me) as I do not have endless funds (damn) but do have a look if you want value. They are rising fast now.

[purchaseatthetop] 21/1/2021 14:05

SYME is suspended. Horror show for ramped investors on social media.

[coldspring] 21/1/2021 13:55

good luck PATT. I was meaning plat hunter though. Thanks for your contributions on this board you have perked it right up since the constant bilge of you know who.

[plat hunter] 21/1/2021 13:54

Cheers Coldpring, no not yet, I'm seeing what tomorrow brings first.

[purchaseatthetop] 21/1/2021 13:43

coldspring...I was waiting for the buy price sub-20p and it was there for about 10 minutes. Got quite a handful. Doubled my stake so very happy. Now IMO this will start rising towards end of next week. V prices rising and this share is now cheap considering the structural deficit of V arriving 2nd quarter 2021.

[coldspring] 21/1/2021 13:39

Lovely bounce, kudos to plat. Gets most right here. You bought again plat? What range are you seeing? Happy to DM

[purchaseatthetop] 21/1/2021 09:58

Well I just loaded up quite a large new amount so to be ready for the end of Jan trading update. Cannot really believe that this has dropped below 20p so cannot resist.
I have moved my attention away from ITX and AGL where I have spent the last month and now it is time for BMN to shine again.
After this end of Jan update I am looking at the 8/2 MCRO update for more gains.

[coldspring] 21/1/2021 09:53

So we are approaching the support at 19.6 as highlighted by plat over a week ago. He might be tactless but he knows his onions. Let us see if we get a bounce.

[nvhltd] 20/1/2021 20:34

JC: Just one of my posts dated 20/12/2019. It’s one of many stating my thoughts about what we have in common with Largo.

Nick: Yes I take your point. It’s the point I have always made. Apart from the Vanadium sales price there is no correlation between BMN and Largo.

[nvhltd] 20/1/2021 20:12

JC: You must have dementia. It was me and only me that has said all along that our share price decline has been for 2 reasons.

1) The Vanadium price.

2) The failure of the BoD to deliver.

I have been crystal clear and have never changed my position. Largo are irrelevant to BMN other than the Vanadium price. I have always said I do not see why posters keep comparing our position with Largo.

For two years most of the rampers were in denial about the share price decline being the result of the Vanadium prices decline and BoD failures.

For two years we’ve had Alfa and all blaming everything on tame sellers, MM’s, shorters, AIM, traders and the bogey man.

[mauricegarin1] 20/1/2021 19:47

Robert they basically produce about a third more pure vanadium than us and there current mc is 700£ mil versus Bushveld 240£ mil , so for any true value we should be batting the £470 mil mc mark.

[robertspc1] 20/1/2021 19:33

Ok help me out here. Based on Largo production for 21 v BMN production for 21, what are the respective valuations ? (Ignoring that both have embryonic battery businesses)

[coldspring] 20/1/2021 19:26

I second that motion JC. I refuse to look at what NVH posts now........he changes position more than hyperactive toddler on haribos

[parob] 20/1/2021 19:21

LGO still climbing, up over 20% now.Will be interesting to see if we follow their move over the coming days. Possible if V price keeps climbing.

[jc2706] 20/1/2021 19:05

You can try to repaint it as much as you like but that was your position.

[jc2706] 20/1/2021 19:04

When you were spewing out your daily bile about the BoD of BMN when the share price was falling, Largo was falling faster. As you were so keen to (erroneously) dismiss the falling Vanadium price as the cause, the only possible conclusion was that BMN's BoDs was responsible.

[nvhltd] 20/1/2021 16:48

Rubbish: Don’t be a prat. What has our BoD got to do with Largo. I’ve always said that our only connection with Largo is Vanadium. Half our problem is the Vanadium price collapse which affects all Vanadium players. The rest is down to the BoD.

They are rising because the Vanadium price has risen (the same as us), but also because they are delivering.

[jc2706] 20/1/2021 16:20

"Just highlights that our poor share price performance rests with the BoD." I seem to recall that you were blaming BMN's BoDs for Largo's poor performance when the Vanadium price was falling.

[plat hunter] 20/1/2021 15:50

Lower looking more likely than higher now, new trading range inbound perhaps?

[nvhltd] 20/1/2021 14:45

Just highlights that our poor share price performance rests with the BoD.

[parob] 20/1/2021 14:33

LGO storming upwards after this news:Largo Resources Announces Record Quarterly and Full Year 2020 Operational Results and Exceeds 2020 Sales Guidance; Provides 2021 Guidance

[nvhltd] 20/1/2021 12:08

Good morning all.

Bassguy: The email I received from Chika is genuine just like the emails I received from her previously and those from Enerox and Jena amongst others. Like you I am frustrated by their approach to communicating with shareholders. It doesn’t sit well with me when a company chooses to communicate with investors when it’s suits and then ignores them when they have what they want. We see it everywhere, but it doesn’t make it right.

Although I appreciate that she replied to me her answers didn’t wash. The fact that they deliberately hid the issues with the UET VRFB for 10 months and then hid behind ‘third party disclosure and confidentiality̵7; clauses doesn’t wash with me. She also ignored my request for clarity as to why it has been impossible to move and plug in the replacement VRFB. Despite Covid the world is ‘open’ and things are moving all be it with additional precautions.

I notice the usual posts blaming every man and his dog for the share price performance. If moving markets is the panacea everyone thinks it will be then that decision lies with our BoD. If Fortune believes that being on AIM is holding us back why hasn’t he relisted on the main market? Based on everything people believe they have to look at Fortune for the fact we are still on AIM.

The reality is that he clearly doesn’t share the opinions of posters on the LSE or urgency to move. Here’s another snippet from the email I received from Chika:

“Thank you for your e-mail. As management, we strive to create value for our shareholders and thus share your frustrations with the performance of the share price.

With most of Bushveld’s asset base tied to mining and processing a commodity, our share price movement often echoes the volatility of commodity prices. As you rightly pointed out, the vanadium price has fallen significantly in the past two years, which the market reflects in valuations of vanadium producers such as ours. Nevertheless, over the past two years, our share price has over-performed the vanadium price by 15%, which is a testament to our team and our strategy”.

So she isn’t blaming AIM, MM’s, tame sellers, shorter, traders, Covid or the bogey man. She is clearly saying we are a miner in one commodity and the price achieved for that commodity has collapsed from the 2018 high when the share price was 48p. That issue is out of their control.

What they can control is production. If the Vanadium market is in structural deficit and knowing that VRFB tenders were going to be issued, but delayed, why aren’t they going full speed to grow production to take advantage of existing markets and new markets? It’s easier to cut production to suit demand than grow it from scratch.

As usual their actions don’t mirror the narrative.