Bushveld Minerals Share Discussion Threads

[purchaseatthetop] 21/2/2021 11:28

nvhltd....100% agree with what you say. There should be no excuse (as their usually is simply by being silent on it) for failure to deliver in 2021. At least the anticipated V price increases gives them the perfect momentum to deliver. We shall see.

[purchaseatthetop] 21/2/2021 10:05

nvhltd....I agree that the LSE board is embarrassing with the Group Think that Fortune and the rest of the BoD are the finest most inspired BoD ever created. That always worries me (see also EUA and SYME where the BoD are treated as deities when intact they are self-serving scoundrels).

But as Napoleon did not say "I prefer a lucky General to a good General". I think fortune smiles on the Fortune. The tsunami of cash may wash away all the investors tears.

[purchaseatthetop] 21/2/2021 09:08

Lucakane...the "in early" was referring to Friday where we were told about the 13% price increase as soon as it became available and before the market moved. We got in almost immediately at sub 17.5p before the price shot up. High velocity information.

[jc2706] 21/2/2021 08:50

Pretty sure that I didn't get into BMN on the back of posting here. More likely LSE. Like a lot of people my initial buy was based on technical reasons in October 2013.

[lucakane] 21/2/2021 08:35

"Lots of us were in early thanks to one of the posters here (cannot remember who but thanks)."Probably nvhltd.......constantly ramping the life out of bmn :)GL peeps

[purchaseatthetop] 20/2/2021 17:20

Lucky for us. A triple witching hour of price depressants: directors selling, Chinese new year, companies offloading shares that they were paid in, news blackout....all while the doors were about to blown off with: Texas blackouts highlighting need for storage, US $1.9b funding to be spent on recovery (lots of high quality rebar), European reopening with government spending taps fully open (more rebar), China and East also capital spending (more rebar).

Us watchers picked up early and I am pleased to have bought more yesterday at 17.4p with my average cost now being 14.2p. Lots of us were in early thanks to one of the posters here (cannot remember who but thanks).

Next week is going to be a stampede. The traders cannot get more availability of vanadium but they must get it. Hence price will rocket. Maybe Fortune is lucky again and the price spike for 2021/22 will drown all his errors in cash. I surely hope so.

[coldspring] 20/2/2021 16:22

So the China prices are up over 13% I've seen from Twitter. Would not want to be out or short on this come Monday.......get the rocket snail ready

[purchaseatthetop] 20/2/2021 15:34

gah123....difficult to decide where to put the money at the moment. Target rich environment. I have 95% of mine in: travel stocks NEX and SAGA, medical AGL, green ITX, tech MCRO and mining BMN. Can't see where better to put the money. I have tax repayments arriving Monday and think BMN has got to be the only one to double by July 21. Thats where it will go.

[gah123] 20/2/2021 14:17

I think we will bag from here quite quickly. I expect Vanadium prices to hit $60 by mid year.

[gah123] 20/2/2021 14:14

Lots of noise around rising vanadium prices and BMN, rising prices cannot be ignored above cost, all feeds into the bottom line.

[purchaseatthetop] 20/2/2021 08:40

JC2706....well it looks like the V price momentum is going to be extraordinary. The availability is right down and with the reopening of economies in Europe and USA plus the new development in the East demand is only going to rise. Might see a doubling of price in the next six months. That would change the share price!
As you say...lets see what happens next week. Usually expectation is rapidly followed by disappointment.

And yes...they are not the world worst directors. Perhaps they are just far more interested in their financial wellbeing than their shareholders....

[jc2706] 20/2/2021 08:00

Not the world's worst directors considering the deals that have been done but they do not tend to do the obvious things that PIs prefer. Like buying shares occasionally rather than just selling all the time. It does look like there was the sudden cessation of selling but the key is whether this rise follows through into next week.

[plat hunter] 19/2/2021 20:22

Vauch, you missed the sell mate

[purchaseatthetop] 19/2/2021 20:15

Vauch....nope....I bought more at 17.4p as I reported earlier today. I was planning to buy Monday but was ready and willing.

[vauch] 19/2/2021 20:08

Another poster that has missed the climb

[purchaseatthetop] 19/2/2021 20:06

No...as I said earlier today this is proof we have the worlds worst Directors. One sells 1m at 16.93p. The next 3m at 17p.
You would expect the price to drop to 14p but oh no. Up to 19p.
Can we pass a Special Resolution mandating them never to make any decisions on behalf of BMN again?

[vauch] 19/2/2021 19:28

They seem to have some dig Tax liability's

[dontay] 19/2/2021 18:17

All this and still got Fortune to come! The rise next week is going to truly enormous!

[dontay] 19/2/2021 18:13

Looks like you got your wish for more director sales, only it wasn't Pat or Ian, it was Anthony who popped up with the goodies!3 million of them! Should see a huge rise on Monday!

[sleveen] 19/2/2021 16:55

Easily confused.

[lucakane] 19/2/2021 16:36

Obviously meant Ian not Pat :)

[purchaseatthetop] 19/2/2021 15:54

JC2706....I think it triggered a rapid review of just how cheap this share had got. The price of FV could add 25% in the next month and make a 35 day shutdown completely irrelevant financially. I was watching with hand on the trigger and I am sure a lot of others were as well.

[jc2706] 19/2/2021 15:43

Sure but I don't see that as a predictor of the hour that followed!