Bushveld Minerals Share Discussion Threads

[gah123] 15/5/2021 10:05

There are potential curve balls with the sale of the 1bn tonne iron ore deposit with iron prices at record highs, sale of lemur coal, BE tender wins with Eskom, Enerox listing etc. However for me the Vanadium mining operation alone is worth 30p per share once vanadium prices start taking off in the second half of this yr.

[purchaseatthetop] 15/5/2021 10:02

Capa....you raise good points. I was a strong BMN supporter and expected good news and a dynamic message to raise the profile and share price of the company.

Finally a couple of weeks ago I realised that Fortune was actually incapable of changing and very comfortable in his own little world. The one person doing very well out of the status quo is Fortune.

I sold my BMN at 17.5p and decided to invest it is AGL, STX and ENET.

I will come back to BMN when there is any sign of a change.

[gah123] 15/5/2021 09:58

In case you haven't noticed we've had forced Institutional investor selling (one due to change in policy) with Acacia the most recent seller to fund their share of Enerox which will ultimately benefit us. I believe this selling is now coming to an end and with a nice rise in Vanadium prices expected in the second half of the yr the share price will respond accordingly. It really is as simple as that.

[capablanca64] 15/5/2021 08:27

NVHLTD are you Sanchez ?V price rises might be the only thing that delivers any results and saves our year! 5 months into a year we started by hitting 24p and here we are back at 15.5p with little excitement, a downbeat CEO, downbeat investors, barely any news in 5 months, an analyst call that was really very poor (Tanya's answers wtaf) and still the same people who are religiously incapable of acknowledging pretty woeful business performance and continually demonstrating their own lack of imagination and desire to see this business improve. Again we should all be grateful for BBN's posts but this is his 3rd 'year of pain' and as much as I like having explained why it's absolutely fine that we are getting worse at making money year by year, (which I do understand anyway), I would like to see Fortune actually step up after two years of watching this deterioration of value and try and do something imaginative to compensate for it. Who seriously thought at 50p we'd be raising money with Orion at 17p a few years later. Covid or not.It's almost as if some shareholders don't like making money. They would rather watch their holdings erode than hold the business they have backed to any kind of account.Who seriously thought the electrolyte plant would end up being pushed back again and again to a vague H2 2022. It's just all so uninspiring. Where is the drive, the dynamism, the enthusiasm, the deals, the creativity, and the R.O.I? The fundamentals of the company are potentially great but at the moment they are like a car crash of expense and we are the ones paying the price. Not the BoD. Us. However you dress it up you cannot hide from the YTD share price chart, or for that matter, the one since 2018.How many hopeful posts of RNS, game changing news and so on have we read and they never arrive. I feel embarrassed for those people who constantly put themselves out there as if tomorrow the world will change. Where have those moments been this year? We couldn't even break 20p on Enerox news. I have been told to sell my shares twice for daring to have a view that isn't all rosy. But that's not the point is is it. The reason sentiment and the community have deteriorated is the erosion of positivity that has come because of the companies own lack of delivery and major shareholders throwing their toys out of the pram when anyone dares to question why their shareholdings are now worth so little or how that could be addressed, rather than being capable of actually discussing anything like adults. Shareholders have a responsibility to hold businesses to account. Where has relentless ramping got any of us? Many of us have supported Fortune for years to get told to then sell our shares when there is any discontent. Where is the same support for us? Where are the BoD taking a hit to support this growth? They aren't.I want this business to succeed because it could be exceptional. But at the moment it feels a long way from that.

[megaman2] 15/5/2021 07:13

One positive having listened to the pod cast is fortune talked about optimisation of spending for production spend .or spend the dollars on the improvements which give the highest return on expenditure.

He didn't say it explicitly but it implied to me that as bmn own 100% of vanchem that would get more of the lions share.for obvious political reasons he would never put this on the record this is as far as he would elaborate.

[capablanca64] 14/5/2021 16:40

Plat up until now I've always given you the benefit of the doubt but alas you've completely misinterpreted my point: hardly surprising, I guess, given your intellectual capacity. Read my original post again and then get your pet monkey to have a go and see whether he can explain it to you.

[nvhltd] 14/5/2021 14:06

This is the sort of PR we need:

CellCube is a great place to work! More than 30 new employees have joined us in the last 6 months and it will continue. Therefor Mark Giezen is looking to enhance his HR team to support our international growth journey of bringing innovative #energystorage systems based on #vanadium #redoxflow technology into the #renewableenergy market.

[player one] 14/5/2021 13:34

down she blows ... 15.5p punt time ???

[marktime1231] 14/5/2021 13:03

A little disappointing or lacking the enthusiasm and urgency to meet opportunity, but as they point out it is the long slow supply chain which is helping the commodity price.

Some positives:

This was an operational update for Q1, we still need to hear the financials for 2020 which might beat.

Why rush the electrolyte programme if there isn't yet the surge in demand, slower capex is fine with me. The VRFB market is developing slower than we would like but we still expect it to be a long term winner don't we.

And it didn't update us on any impact from the horsetrading over IES and Enerox investments.

And even at the low end of forecast producing / selling around 4,100 mtV in 2021 that would produce far greater revenues than 2019 at current commodity prices.

Iron ore / steel prices are still pretty close to recent highs and may kick on again as global economic activity picks up, taking ferro vanadium higher. Oldman Sacks is still predicting a commodities super cycle, and despite market flutters this week the return of (a little controlled) inflation is not such a bad thing.

[jc2706] 14/5/2021 10:41

I’m actually quite surprised that the price has held up considering the market is not particularly great at absorbing lower numbers even when they are flagged in advance (i.e. the maintenance break). Production figures look about right considering the lost days but there are some reasons for caution in the RNS relating to annual production and costs (with the USD weakening). As usual with this (and most miners in production come to that) the major driving factor will continue to be the Vanadium price.

Good to see that BE is being separated out for reporting. That may actually force them to think about putting something real out as that section usually just vaguely waffles about potential. I remain of the view that this is 100% valued as a miner currently.

As for Lemur, perhaps this should just be listed separately or even quietly disposed of as it is just a drag on reputation currently.

[nvhltd] 14/5/2021 10:10

Very downbeat conference call. The takeaway for me is they are rudderless with no clear vision or conviction on any aspect of the business.

Despite laying out their plans for expansion at both Vametco and Vanchem and raising cash to do so Fortune is now saying that they will spend the cash on an add hoc basis to achieve the best bang for his buck. That’s sounds like common sense, but when you think that they had already done their plans and budgets prior to raising the funds it now seems to be less structured. The reason Fortune gave for this ‘new flexible expansion approach’ was the admission that Vametco is very unstable and until they can get the foundations built on a firmer footing there is no point spending money to increase production if they can’t maintain the higher production at a consistent and steady state. That is shocking miss management. He couldn’t even say with any conviction that they can run the plant at the phase 2 level.

I believe the future quarterly production reports are going to swing wildly from highs to lows as we have seen since we took over at Vametco.

What a shocking admission to make that they can’t get the plant on a stable foundation to warrant the spend on expansion.

Only external factors and some positive BE news can save us.

Remember we will also have the 2020 financial results out soon. Looking forward to those - not. Still we are one of the most profitable companies on AIM in 2020 and making a million dollars a week!!!!!

[plat hunter] 14/5/2021 09:23

Stop losses a must imo sleeven but 15p to 17.5 is the current predictable range.As megaman says CLN's are likely to keep a lid on it and the BOD like to spend the earnings from the profitable V mining on pie in the sky passion projects.

[megaman2] 14/5/2021 08:57

Yes you can probably sell at 17 p....before the Orion convertible loan notes as the mm will have a deal with them to sell their clns at an average price above 17 p so 8m expecting the price to trade in the 15 to 24 p range for the foreseeable future at least until Orion's clns are 3xhauated or taken out by some other curve ball

[sleveen] 14/5/2021 08:42

PH

Is this worth a punt at circa 16p. Good recovery from early lows.

Looks like a "kitchen sink" ops update.

[plat hunter] 14/5/2021 08:32

Lol mo.. you absolute mug.When will you learn

[player one] 14/5/2021 07:56

RNS factual and not any good news ... expect a drop today ... 5% ??, IMO not advice etc

[dontay] 14/5/2021 07:37

Electrolyte plant ... "ground-breaking for the construction of the property is due to occur during Q2 2021" Was supposed to have started 22nd February! So much for the friend if a friend who knows a local that 3 shiny 369degree excavators were seen arriving!

[plat hunter] 13/5/2021 14:32

Yeah it is, lucky me eh. .Did you not see the CPI report then?Did I say I bought back? NO!Ps I don't have a day job, follow my lead and you won't have one for long either ;-P

[mauricegarin1] 13/5/2021 14:28

Plat your amazing that you predicted a world market crash today from your charts 🤦🏼‍♂️😂 also not quite 15.5p is it mate #dontgiveupdayjob
28077;👍