Bushveld Minerals Share Discussion Threads

[plat hunter] 29/4/2021 10:52

Cmon Bushy, lets have another penny and move back up into the previous range. We all know circa 12% in an a day isn't beyond expectations

[gah123] 29/4/2021 09:05

Tide is turning, chart looking good!

[purchaseatthetop] 29/4/2021 05:35

The tide is flowing.

FV50% up in all areas even USA (important to BMN)between 0.28% and 0.83%
Vanadium pentoxide 99.5% up 2.23%

Slowly getting better (as will BMN share price)

Keep the faith for the worst communicating company I have ever run into (that I would have sold out of except it has a one off set of resources that can never be replaced....)

[dontay] 28/4/2021 12:30

Vanadium Market Is Deadlock And VN Alloy Manufacturers Offer DifferentlyThis week, the people in vanadium market mainly concerned about the price of bidding price and the pricing of vanadium of big factory. At present, the market is deadlocked, and there are less alloy transactions in retail market, and the retail market price of raw materials is still firm, and the alloy transaction price is low.VN alloy bidding recently accepted price of 172,000-174,000 CNY/Ton, and there are a small amount of high price in the acceptance of 175,000-177,000 CNY/Ton. Manufacturers have different mentality, and the offer is fluctuation, and the acceptance price is 173,000-178,000 CNY/Ton. Traders' operations are less, and said that it's difficult to purchase at the low price, and high price purchase risk is still high, so they temporarily keep wait-and-see. The enthusiasm of ferrovanadium market inquiry goods is low, and manufacturers said that the recent transaction is less, and some manufacturers began to half-working and half-stopping state.www.ferroalloynet.com

[jc2706] 28/4/2021 10:58

I tend to agree with the complication accusations but, there again, what they are trying to do is somewhat complex. And exceptionally ambitious.

BMN have been pretty clear that they see a bright future for VRFBs and have been positioning themselves with this in mind. But the 2017/18 Vanadium price spike created an issue with take up and VRFB deployments did not materialise. But it also provided BMN with a windfall to advance their operations and take a more active role in the advancement of VRFBs than I believe they intended. Indeed, they seem to have taken it upon themselves to push the industry forwards virtually singlehandedly with their key role in creating and funding IES and resurrecting Enerox.

Unfortunately the structure of their holdings appears messy with less than 100% stakes all over the place (BEE not helping in this respect) and this creates confusion amongst investors. At some point I suspect that the clouds will part on this strategy and the market will have an epiphany which will translate into share price appreciation. As is often the case, It is most likely that this will be when the cash accumulates.

[purchaseatthetop] 28/4/2021 09:36

I bought at 16.25p this morning. Think it may be well timed. This share is now massively undervalued. Quite embarrassing really.

[plat hunter] 28/4/2021 09:00

Buys are coming

[purchaseatthetop] 28/4/2021 06:36

Classic BMN RNS: take a good news story and turn it into an explanation of the Balkan Crisis.....

Anyway...I am adding seriously this morning. Vanadium prices have finally started to increase again particularly pentoxide 98% China 1.5%:



The Bidden new energy objectives mean that vanadium must become a key aspect of US energy policy IMO. BMN must be a key player. Onwards and upwards (despite Fortune who may prove to be a deal genius but keeps it well hidden)

[robertspc1] 27/4/2021 22:06

And they trashed the IES share price too. That relationship will be strained to say the least

[nvhltd] 27/4/2021 16:13

Cellcube are wasting no time spending the dosh. They are looking for engineers and chemists.

[gerd212] 27/4/2021 15:43

Probably a poor choice of terminology on my part...lets say 'reduce'?

[nvhltd] 27/4/2021 15:33

Dilution (the issuing of additional shares) would affect all shareholders. It might not be one of the mysterious investors, but all of them that combined have sold shares to Mustang. It’s clear it doesn’t involve BE.

The real pity is that Mustang didn’t invest in EHL so that it is the target of the RTO then Enerox would be listed from the get go.

[gerd212] 27/4/2021 15:24

It seems to me that BMN have chosen to fund their follow-on share of c $7.5m by selling down the IES holding, thereby avoiding dilution while the remaining shareholders have opted to dilute, edit: or reduce (farm out) their shares pro-rata to raise their c $7.5m.

[nvhltd] 27/4/2021 14:55

By my reckoning Mustang‘S $7.5 million investment breaks down like this.

$3,315,000 is their 22.1% share purchase cost from one of the mysterious shareholders.

$4,185,000 is their share of the investment made in Enerox.

Could be wrong, but I assume one of the mysterious shareholders will want some dosh for their shares.

We know that VRFB-H is investing $15 million in Enerox so on a pro-rata 22.1% is $3,315,000. The balance must be the share purchase costs.

I think.

[nvhltd] 27/4/2021 12:39

What we needed was for Mustang to have invested in Enerox for a direct RTO.

[nvhltd] 27/4/2021 12:18

The last 2 Q1 reports came out in May with the 15th being the longest wait. So any day now.

We really do need some meat on the bones of any BE activity.

[paleje] 27/4/2021 12:08

When the deal seems complicated anyway a badly laid out RNS doesn't help.

Mustang are a SPAC and want to make cash from speculating, BMN want to help secure a VRFB industry long term as it's in their obvious interest to do so. If they make a turn on their holding great but that's not their strategy. Trying to figure out the minutiae is hard work and probably unrewarding if the overall is sound.

Invinity got a boost after its recent downslide when Miles McNulty announced on twitter that he's taken a decent stake, he's got a track record with technology focused co's. Timely perhaps, news due.

[saghir786] 27/4/2021 12:07

And this is why bmn will not go up when nothing is clear

[nvhltd] 27/4/2021 11:41

What is also interesting is this.

Enerox is owned 50% by VRFB-H and 50% by some mysterious investors and remains a private company after the RTO as it stands.


VRFB-H as a public company will be owned by BE @50.5% (BMN 84% and Mikhail 16%), MUST @ 22.1% and mysterious investors @ 27.4%.

The interesting bit is we have paid $7.7 million for our 50.5% contribution towards the total $30million investment in Enerox. $15 million is being paid by the 50% mysterious investors in Enerox.

Our $7.7 million is on top of our initial investment to buy Enerox.

So is Mustangs $7.5 million the price to buy into VRFB-H (at least one of the mysterious investors in VRFB-H are selling a stake to Mustang) with an additional contribution to the Enerox expansion at a later date or does that $7.5 million represent their total investment which is split between an investment in VRFB-H and their contribution to the Enerox expansion fund? The other contribution coming from the remaining 27.4%mysterious investors?

If the $7.5 million invested by Mustang is going direct to Enerox to make up the $15 million VRFB-H contribution then it means the mysterious investors haven’t made a contribution to the $15 million share of the overall €30 million.

The RNS could have been clearer, but I’m assuming that their $7.5 million investment buys them a 22.1% stake in VRFB-H and includes their contribution to the Enerox expansion fund. After all the mysterious seller of 22.1% is going to want paying for their shares in VRFB-H.

[marktime1231] 27/4/2021 11:25

Thanks to NVH and others for trying to explain what BMN and Enerox is about, from the sound of it BMN is behaving like a venture capitalist horsetrader.

Need to research Mustang Energy (MUST) further, investing in green energy storage opportunties, with a view to capital growth or income? I imagine the former since it is taking early stakes in developing situations, it borrowed $8M at 10% to invest in VRFB-H eg Enerox. Share price like a jagged saw-toothed escalator until suspended today. Who is reverse-taking-over who, what will the new thingummy be called, what else is it invested in, and what prospects are making Enerox so attractive, compared for example to BMN's invstment in Invinity? IES in the doldrums.

Either of them announcing good sales would be nice, to provide evidence that the future of vanadium and BMN is bright.

[robertspc1] 27/4/2021 10:02

As usual nothing is clear with BMN. Any idea what the transaction values Enerox at ?

[nvhltd] 27/4/2021 09:24

I’ve been reading several BB’s this morning in relation to the Mustang RNS and I think many people are confused and wrong with their conclusion in that this deal results in Enerox becoming a listed company. It does not.

From my understanding of the RNS’s Mustang is taking a stake (22.1%) in VRFB-H. BMN via BE (84% BMN and public and 16% via Mikhail (private) will still hold 50.5% as dilution or a sale of our share wasn’t mentioned. This means that one of the other mysterious shareholders must be selling shares to Mustang.

This is a RTO which will result in VRFB-H becoming a listed company (with a possible new name).

This newly established public listed company will still have an investment of 50% in Enerox which will still be a private company after this deal concludes just like it is now.

So as far as I can see the newly listed VRFB-H will become the vehicle for another RTO where Enerox can go public or VRHB-H buys out the other investors in a similar way to the way BMN / BE are set up. A public company owning a share with Mikhail in a private company.

We will own 50.5% of the newly listed VRFB-H which in turn means we still have an indirect interest of 25.25% of Enerox which will still be a private company.

[dontay] 26/4/2021 20:25

V2O5 Flake Market Price Is Stable And Fluctuation Is Small At The Beginning Of The Week.Early week, vanadium market activity is not high, and the market trading atmosphere is general. At the beginning of last week, the V2O5 flake price began to rise, and on Thursday, it's stable.At present, raw material vanadium transaction price is more than 113,500-114,000 CNY/Ton in cash, and alloy factory inquiry enthusiasm is not reduced, but the market low-cost supply is difficult to find, and the manufacturer's offer is less. V2O5 flake holder offer 114,500-115,000 CNY/Ton in cash, because the high price of alloy transaction is difficult, alloy manufacturers are more willing to purchase V2O5 flake at the price of 113,500 CNY/Ton in cash. People in the market are cautious and hesitate to purchase high – priced V2O5 flake, and they have low willingness to accept, so there are less transactions.www.ferroalloynet.com

[plat hunter] 26/4/2021 10:58

Predictably boring stocks are the ones for me PATT. I tend to leave breakouts out well alone as they have a tendency to whipsaw in either direction... It's very easy to lose your shirt chasing or trying to predict multi bag winners.So long as I hit 6-8% a month then I'm ecstatic.

[saghir786] 24/4/2021 08:24

ENET,Agl, Itx all left the station purchase. I been looking at stx for a while but holding 2 many dogs. I do also have a bit if DMTR and Mos. Need some rough diamonds like Itx .....