Bushveld Minerals Share Discussion Threads

[megaman2] 08/5/2021 06:12

I've seen various p.e. type calculations where they calculate revenue but to get to net earnings they don't bother to take anything off for tax royalties part ownership & debt... I even saw one where they did this decided that wasn't giving the desired share price so because fortune said the replacement cost to build two brand new mines was $600 million that's what he said they where worth...so they added that value on top of their p.e. calculation and then said booooom...if you make any sensible calculation on p.e. taking off a.i.s.c tax royalties debt part ownership and apply a reasonable p.e. you get the reality!

[megaman2] 08/5/2021 05:56

Seeing price predictions in other places . Stuff like I bought 8n at 40 p been here for years so just waiting for £1....the component parts just don't add up. With Orion clns etc shares will reach c1.4 billio n...£1 will be 1.4 billion market cap!!!
Enerox has a more realistic chance of reaching £1 billion market cap by 2025. In the best case scenario enerox reaches 1 billion bmn will by then at best hold 20% so you can add 200 million market cap. It's hard to believe given the amount if time it's taken to get to current production rates bmn will ever hit it's targets. The two old mines will face continued costs compared to largos new mine.at best by a stretch of imagination you could put a value of £400 million on them and the resource.afritin ...not worth a fart ..coal will just be an expensive spin off if anything max 10 million value . The electrolyte factory will be a means to an end only part owned max value 10 million to bmn.so if you add up the best case scenario you get to c £620 million market cap with 1.4 shares in issue add on 80 million for the rampers and you get 50p but that's a long way off and best case in my opinion.so many investors have convinced themselves that because they bought in a lot higher and have been invested a long time that the price will be £1 or I've even seen boom £3 golden ticket it's just nonsense with no substance.

[plat hunter] 07/5/2021 23:18

Cappa check this out... 15p coming again.*Failed to breakout into a reversal and now trading below 20 day ma*Chaiken money flow running flat, absolutely no buying interest.*Both RSI and Stoch tailing off aggressively from overboughtHttps://www.tradingview.com/x/MGnx8a79

[plat hunter] 07/5/2021 23:12

I'll remind you of that if I'm pick them back up for less next week cappa

[capablanca64] 07/5/2021 22:19

Plat so many times you call a buy signal and then sell within a matter of days - I could be wrong, it has to happen at some point, but doesn't that tell you that your approach is flawed..... perhaps you'd be better off reading tea leaves ?

[nvhltd] 07/5/2021 15:53

Exactly. I was saying 2020 because the rampers claimed 2019 didn’t close until midnight on Dec 31st.

When someone says “by” they mean a long stop time. So “by” in this case meant that they would be at 5,000 mtv at the start of 2019.

Either ways it’s long overdue and they never explained why they didn’t make it and why it suddenly required more cash.

[megaman2] 07/5/2021 15:40

Actually looking at rns april2018 fortune was saying this.

The results of the Vametco expansion project to position us to achieve a production capacity of 5,000 mtV by 2019 are coming through positively, and our previously stated 2018 guidance remains unchanged.

Since then they have bought another mine and still can't get the combined total to 5000....it's hard to fathom really?

[megaman2] 07/5/2021 12:52

I've always thought of Mikhail as being fortunes little puppy dog. If he runs be and the mines are fully staffed what does fortune actually do everyday? Perhaps he is into yoga meditation and Pilates probably does a class of each in the morning then a nice lunch walks the dog in the afternoon

[megaman2] 07/5/2021 09:34

Speaking of fortune surely as bmn and acacia resources control enerox and most of must surely he is behind the scenes orchestrating the r.t.o into must. He must be loving it with his investment banking background.

It's got his handwriting all over it.

[purchaseatthetop] 07/5/2021 09:15

But...coming to Fortunes defence....he has done the deals to pick up Vanchem, Vanetco, Moko etc all for pennies. I stay because BMN should double production in the next 3 years and it will come good. Actually I will be increasing my shareholding in future months.

I like the image of Fortune like some crone keeping the jewels hidden....

[dougerboy] 07/5/2021 09:13

kop202 tell me about it. QFI have been putting me through the Groundhog Day promises mangle for years. The swell of the rising environmental tide is lifting it though, a bit like BMN long term. If not now, then when, as they say.

[nvhltd] 07/5/2021 09:11

Gah: At some point I’m sure you are right, but it’s taking far too long to realise any value here and Fortune only has himself to blame for his failures.

[nvhltd] 07/5/2021 09:09

People bang on about the value of our other assets like the iron ore. With iron ore prices at record levels why haven’t we sold it? After all what are we going to do with it?

No instead Fortune will hold onto it like some fruit cake hoarder until the price collapses. Get rid of it FFS.

[gah123] 07/5/2021 09:02

I've held for a long time but I won't be complaining when it eventually re rates to 100p. The trigger could come at any moment so little point in trading it for pennies.

[kop202] 07/5/2021 08:57

Just look at QFI....PI'S been put through it for...years and yearsNow....it promises to come good....

[purchaseatthetop] 07/5/2021 08:53

plat....I know it is rubbish. You are right. If BMN were any other share I would have bailed out but I just keep my shareholding. Still in the blue as I bought at 12.9p initially and it is only a tiny bit of my portfolio (largely because every other share in it has multiplied by 400%........). What a dog of a share but I kind of love it just to find out what happens.

[plat hunter] 07/5/2021 08:25

Rubbis rubbish rubbish.I'm out of here, gonna try and pick them back up sub 15.5

[saghir786] 06/5/2021 20:18

Happened to me on bitcoin!

[purchaseatthetop] 06/5/2021 19:03

"Never Give Up, Never Surrender" (Galaxy Quest).

Whatever happens, the day after you throw in the towel the bid at 100 bags will arrive (or at least that is what I tell myself).

Happily I have plenty enough excitement and profits from ITX, AGL, ENET etc to mean BMN can be my crown of thorns.

[knuttie] 06/5/2021 17:02

More than 8.

[capablanca64] 06/5/2021 16:59

How many years do you invest in a company before throwing in the towel ?

[dontay] 06/5/2021 15:13

Vanadium Products Offer Is Stable And People Wait And See The TransactionToday's domestic vanadium product quotation summary: metallurgical ammonium metavanadate98% of 106,000-107,000 CNY/Ton, V2O5 flake of 113,500-114,000 CNY/Ton, ferrovanadium50 of 118,000 CNY/Ton, VN alloy of 170,000-,172,000 CNY/Ton, all cash price including tax.There is no difference between today's domestic vanadium product quotation than before the holiday, and the market stopped business in short-term on the Labour Day. After the holiday, upstream and downstream vanadium enterprises' wait-and-see mentality is strong. The raw material market price is not high or low, and the alloy market is slightly weak. Vanadium factory prices in May, and retail V2O5 flake transaction reduced at high price, which is gradually flat with large factory prices, and ammonium metavanadate price maintain stable. Some VN alloy manufacturers said that the quotation price is in cash 170,000 CNY/Ton, and there was still difficult to deal. Steel bidding price is 172,000-174,000 CNY/Ton acceptance including tax, and traders' operating space is limited, and inquiry activity is not high. Bulk ferrovanadium continues to be weak, and in Jinzhou manufacturers offer high, and transaction is difficult. Traders offer is in cash 118,000-119,000 CNY/Ton, and transaction price is mostly low.www.ferroalloynet.com