Bushveld Minerals Share Discussion Threads

[gah123] 31/3/2021 11:59

Topped up, when this bounces it will bounce hard. Very little downside from current levels.

[vauch] 31/3/2021 11:27

Dont ok will do, as you wish to be elusive

[dontay] 31/3/2021 10:55

Vouch, just for a change, try doing your own research. 1. Dividends can only be paid out of company profits.Dividends are paid to the shareholders of a company out of profits or reserves. So, a loss making company with no reserves cannot pay a dividend.2. Declaring dividends without sufficient profits is illegal because a company issuing dividends when the company has insufficient profits don't actually have any legal authority to do so.3. Assets have nothing to do with cash flow.4. The company have published their plans for growth and expansion and have arranged significant capital investment to support those plans.5. Their has been no change of strategy, they have been capitalising on the doubling of the IES sp, as outlined in their recent expenditure forecast in support of those plans, they've recovered the whole of their investment, made a huge profit and still have close to their £5 million original investment value in IES still remaining. It's been an exceptionally profitable exercise!Out of it they have set up a viable expanding company based in the potentially huge US market and ALSO formed a joint ownership for VERL ... which is all that's needed to replace them having first dibs at providing IES with Vandium/electrolyte.

[vauch] 31/3/2021 10:14

In 2019 accounts the assets where worth 334 million.

[vauch] 31/3/2021 10:09

Dontay, can you give a break down of you hypothesis, as i'm sure we will all be interested to see

[plat hunter] 31/3/2021 10:03

technical bounce of 15 required.

[plat hunter] 31/3/2021 10:02

"the exception being a possible special divi from the proceeds of selling Lemur"


Would you trust fortune to do that though, the argument was there to do that after the last V spike. Fortune will keep spending and spending

[dontay] 31/3/2021 09:41

Dividends are paid out from profits, not revenue, any near term profits will be reinvested in supporting the company's expansion and growth plans - developing Mokopane as a stand alone mine and V processing plant plus all the Kiln refurbishments to increase and hit the forecasted production targets, the development of the chemical plant, proposals for a new battery assembly factory, setting up Enerox etc, etc, etc. The company have been loss making over the recent term, production costs have increased but so have ALL other costs of running the company. They have been selling shares to raise money to support these cap-ex plans!Even after recent V price increases, the margins (if any!) will be very small, they will not be in any position to support divi payouts for at least another couple of years, the exception being a possible special divi from the proceeds of selling Lemur.

[plat hunter] 31/3/2021 09:28

Gah, that's not just hopeful but sheer fantasy.Spin the batteries off as a separate company and ring fence v production like I said should have happened 2 years ago and you might then be in an opportunity for net cash growth.As it stands atm on a group level basis, you're gonna need 100 dollar V for a good couple of years.The reality of how much cash fortune has been burning will come home to roost at some point.

[gah123] 31/3/2021 08:58

If the Vanadium price takes of as I expect later this year

[robertspc1] 31/3/2021 08:32

They are clearly cash constrained for some reason. Was a struggle to get very expensive and dilutive financing and now they are selling Invinity shares into a weak market. Given the vanadium market this all comes down to very poor management

[plat hunter] 31/3/2021 08:23

Dividend from what exactly lol?

[gah123] 31/3/2021 08:07

I have no doubt we will receive a dividend later this yr when the Vanadium has doubled from current price, supply and demand.

[vauch] 31/3/2021 08:01

But a dividend is the one thing they can control, set a start point for 1p and a % increase as V rises.

[purchaseatthetop] 31/3/2021 07:59

Vauch...I was joking! It just seems they do everything to reduce share price value so that is the one thing out of their control!!!

[vauch] 31/3/2021 07:56

Why would they want to stop the price of V rising?
I am an advocate of Dividends and that is why I am a long holder.
When income of V hits a certain figure then the extra money should be shared and when low not.
All outgoing are covered well below our current V so should not be an issue unless the dividend payments put the directors in some sort of tax difficulty.

[purchaseatthetop] 31/3/2021 07:21

Vauch...it is ALWAYS most depressing and troubling for shareholders just before the dawn. It is going to be OK. There is very little MF and Mikhail can do to stop the price of V rising!!!

[vauch] 31/3/2021 07:21

1p dividend is only £12 mill
Do the workers get a bonus each year or was the payment a couple of years back a one off?

[vauch] 31/3/2021 07:21

1p dividend is only £12 mill
Do the workers get a bonus each year or was the payment a couple of years back a one off?

[vauch] 31/3/2021 07:18

Yep the pain continues for holders and I am one of them.
Cant get my head around the share price of this one. If the co can not get the share price where it should be then at least reward the holders with a dividend.
That why we would at least have something to look forward to.

[purchaseatthetop] 31/3/2021 06:33

As hoped for yesterday, this price tide is turning.

China prices up nearly 2% across the board. When China rises, traders move from Europe to China and EU prices rise.

I like to KISS (Keep It Simple Stupid).

IMO...The supply curve for V is inelastic to around $50 per Kg when the stone coal producers kick in. Then it is more elastic. The demand curve for V is moving upwards and to the right as more and more V in 2021 goes to electrolyte. Inevitable result is higher and higher prices. BMN is still a commodity miner and will benefit especially with nearly doubling production by 2022.

So, with my KISS and my belief in the laws of supply and demand, I am gradually adding in BMN. The more the investors agonise over the short term movements and bail out the lower the price for me. I just cannot believe that the price is almost back to the 12.9p I started buying at when V was $24/Kg.

I might be wrong. Have been before but i strongly recommend switching off the board is it hurts too much!!!

GLA

[robertspc1] 30/3/2021 19:52

Selling more of their Invinity shares. I think that they have changed strategy. BE is reverting to Enerox only and looks likely to reversed into Mustang. Bushveld will be vanadium miner and electrolyte producer

[nvhltd] 30/3/2021 15:30

September 2020 when I asked him directly.

[beardj07] 30/3/2021 15:27

If we are to partner someone it will be Rongke Power and not Enerox on the Eskom tender.

When did the Enerox CEO quote the above?

[nvhltd] 30/3/2021 15:14

Enerox will not be involved with the first ESKOM tender at least. Not according to their CEO:

“We checked the initial Eskom tender but as the size is massive I expect a fight between all Lithium vendors with a death spiral on price. So nothing we will go for. Actually there are more a bit smaller MW tenders coming up in which we can better demonstrate our value proposition“.

Enerox work out of a shed (not literally) and make their VRFB’s in house. They have no where near the capacity to take on the first ESKOM bid if not all of them.

In the future maybe, but until they win regular orders they are too small.

Here’s another quote:

“we manufacture our VRFB's in Austria and source key materials and components globally. We prepare to build a local assembly in some key regions once the project volume has reached critical size”.