Bushveld Minerals Share Discussion Threads

[plat hunter] 11/2/2021 19:12

Yes, the financial services compensation scheme is only open to retail claimants. A family office would be considered a 'Certified High Net Worth"They can afford to lose 85k and should be more clued up than the average joe, who in comparison is trusting the system with his life savings.

[luffness] 11/2/2021 18:38

Look at the FCA compensation source book for exceptions. I suspect Family Offices are not a category or exception in themselves most family members would be categorised as retail investors and hence eligible

[redrover321] 11/2/2021 18:36

Could this be what we are waiting for?https://www.news24.com/fin24/economy/eskom/successful-bids-of-2-000-mw-emergency-power-to-be-announced-soon-ramaphosa-20210211

[capablanca64] 11/2/2021 17:53

Plat are you saying categorically that any Family Office arrangement is excluded from the FCA compensation scheme ?

[plat hunter] 11/2/2021 17:51

Family offices are definitely excluded from the scheme, whether that means those 'man fee's' are excluded from the levy, I'm not so sure.

[capablanca64] 11/2/2021 16:36

Family Office amongst other things

[cordwainer] 11/2/2021 16:31

In at 19.25p on Monday. Just topped up at 18.3p

[plat hunter] 11/2/2021 14:25

I never worked for the FCA Capa, just a lowly legal eagle doing my own thing. I'm afraid that my experience is more so the application of the regulatory framework, probably not the best person to seek advice on the cost burden of being a member.


That said, management fee's however are heavily regulated though, that's what all the big hoorah was regarding the 'retail distribution review' a few years ago.


If you're a fund manager or advisor though, your biggest revenue stream is management fee's. So it may be more a question of splitting out and excluding fee's attributed from sophisticated clients who have waivered their retail rights, from your calculations.

[capablanca64] 11/2/2021 13:55

Plat serious question are you fairly senior at the FCA or just some office lackey ? Trying to establish what revenue is considered when calculating the annual charge for financial services compensation scheme levy Is unregulated income ie a management fee out of scope - I suspect it is but judged to checkThanks

[gah123] 11/2/2021 12:42

The calm before the storm. Topped up, can't see much downside from current levels. Eskom result and other tenders imminent and vanadium prices rising fast, perfect storm. One of the best risk v reward propositions on AIM currently.

[capablanca64] 10/2/2021 22:19

Wow just seen the RNS - directors not having confidence to hold onto the full allocation and choosing to sell shares to settle a fairly modest tax obligation. Goodnight

[nvhltd] 10/2/2021 19:47

From the Arc report:

Given higher-than-anticipated costs in Q4, we now expect a slightly larger earnings loss for 2020 compared with our last estimates.

Now which fool kept saying we were profitable in 2020 and which idiots on the LSE kept claiming BMN was one of the most profitable companies on AIM?

So obvious we were making a loss in 2020.

SP target 29p. Not exactly exciting.

[saghir786] 09/2/2021 20:54

I have wondered myself what Mikhail does or does not do yet gets shares on a regular basis and has share of BE

[nvhltd] 09/2/2021 20:22

Could well be. Oxkem was my choice for providing the tech for our plant.

[robertspc1] 09/2/2021 17:39

Where is the electrolyte for the Pivot/Invinity ESO project coming from. It's being leased through the jointly owned rental co but Bushveld don't yet make electrolytes?

[nvhltd] 09/2/2021 14:55

Mikhail must be bored today. That’s 2 liked ‘LinkedIn̵7; posts by others he’s commented on recently.

It’s about time he started posting his own good news rather than someone else’s.

5 years and counting Mikhail is not an acceptable rate of return. It’s not even like he’s developing the technology or processing Vanadium. It’s all supplied by others. All he has to do is sell the bloody things.

[dontay] 09/2/2021 13:33

It's also possible this involves us in an electrolyte leasing deal!

[dontay] 09/2/2021 13:28

"I thought we were the daddies in Africa?"E22 are a Spanish based battery assembler. Not miners. We don't know who is supplying the V for the electrolyte, could well be BMN ... and as there isn't (as yet!) an electrolyte producing plant anywhere on the African continent, the nearest facility is probably the one in China that's gonna provide the electrolyte in the interim for BE's Eskom contracts.

[purchaseatthetop] 09/2/2021 13:13

We are so fabulously hedged. If everybody else gets all the redox flow work we make a pile on rising v prices.

Nvh...you always make me happy.

[nvhltd] 09/2/2021 13:04

Pivot Power: “Last week we successfully energised our point of connection to the transmission network for our #batterystorage site on the outskirts of Oxford. This is a major milestone for the project, which forms part of Energy Superhub Oxford, and will be home to one of the world’s largest hybrid batteries, combining lithium-ion and vanadium redox flow technologies to meet the demands of multiple energy applications.

This innovative solution will provide vital flexibility to integrate more #renewable power, increase system resiliency and help Britain achieve #netzero. Congrats to everyone involved! 👏

[capablanca64] 08/2/2021 15:59

Lol great riposte. Well done ?

[jc2706] 08/2/2021 15:09

Capablanca64,

Embarrassed for you.