Bushveld Minerals Share Discussion Threads

[volsung] 13/7/2021 15:09

I am aware of that Plat. To be fair to Myles he does present quite useful research sometimes.

[volsung] 13/7/2021 15:02

I don’t just rely on other people's research Dontay. However I do use other people‘s research to complement my own.
I’m simply pointing out that this is another of Myles’s picks that isn’t doing well. Which might actually encourage other investors not to rely on him (ironically).

[greenelf] 13/7/2021 08:04

So Maurice got it totally wrong again!

[gerd212] 13/7/2021 07:37

I am aware of new rules in China concerning the repurposing of used electric car batteries in grid storage but the wholesale banning of Lithium? Do you have a link please?

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[nvhltd] 12/7/2021 09:40

Nothing to be depressed about. It’s the reality of the situation and if like me you keep a level head and a realist it won’t depress you, but it will make you angry for answers and change.

Anyone and I mean anyone can use other people’s money and buy a failing business. The key is turning it around and Fortune has to date been incapable of doing that.

[saghir786] 12/7/2021 09:33

Nothing like a reality check from Nvhltd to depress a Monday morning

[nvhltd] 12/7/2021 09:28

Alfa has tried to rally the troops with an article from the Mail that has identified 400 lithium battery projects in the U.K. FOUR HUNDRED!! And yet with the VRFB’s unique advantages over lithium around safety and longevity VRFB manufacturers haven’t sold any in a commercial tender process.

It’s clear that cleverer people than Alfa just don’t see the benefits of VRFB’s over lithium at the moment. The fire risk angle is being overhyped. Every petrol station and car is a fireball waiting to happen and are sited in built up areas, but we don’t worry about those.

[nvhltd] 12/7/2021 09:15

The LSE board is so quiet now. Investors have either sold down, ground down by the failings of Fortune so can no longer defend the indefensible or moved to the echo chamber of gifs and rah, rah ramping nonsense that is Telegram.

Even the daily vanadium price news has stopped which generally means its stalled or reversing.

Even my favourite rampers with their ‘we’re making $1million profit a week’ last year and the “SP will be 30p by Friday” have all skulked off.

[saghir786] 12/7/2021 07:33

Vauch did u take a bit hit or managed a small loss when u got out. I am still stuck in it at highs and it is painful

[vauch] 12/7/2021 07:00

I held over a mill of these and dropped it to 100k, that will sit their and may increase if I can see serious improvements.

[vauch] 12/7/2021 06:59

And how was the dispute with workers settled (how big was their bonus for not hitting targets)

[purchaseatthetop] 11/7/2021 18:39

Gah123....I am sorry but your post 17217 is just comedy. Why would anybody believe a word Fortune says? He lied and covered up and sold shares. I was staggered by the drop in output. To say that it might be lower end of 4100 and then six weeks later say 3400 is literally criminal.

We need to be realistic. Fortune has to go. A proper independent review needs to assess strategic options to deliver output growth. But of course that will not happen.

Do you realise thT if you turn the corner four times you end up where you started?

[74tom] 11/7/2021 15:34

Who are you trying to kid? Read the 2017 final results & compare to this years, considering the Vanadium spike in 2018 it’s a travesty how little has actually been achieved. They produced 2804 MT of vanadium in 2016 from Vametco, in 2021 they expect to produce just 2300-2400 MT… that’s right, a near 20% decline in production levels.

A turnaround play normally has new management & a clear path to recovery - none of that is true here.

Imagine they hadn’t missed production increases for the last few years & were now producing 4000 MT from Vametco alone (as was promised back in 2018). Financially they would be in a completely different place.

So what exactly is the explanation for Vametco underperformance? It has to be declining grades surely?

[gah123] 11/7/2021 11:15

Q2 will be good, FM confirmed in the Q&A they had turned the corner. Great turnaround play with Vanadium prices expected to start rising again soon with a structural supply deficit in play. With only 4 primary vanadium processing facilities in the worldwide, 2 of them owned by BMN, where is the Vanadium going to come from to meet the growing demand.

[sleveen] 11/7/2021 07:39

Some insightful posts, I sold at 14.9p as hit my stop loss.

I do believe 8p beckons probably after the dreadful Q2 figures are published.

[megaman2] 11/7/2021 06:12

One positive that I need to post, as before I was dismissive is the electrolyte factory. I had come to the conclusion that it was a means to an end and would not generate that much profit. I was cynical as bmn had and still has failed to give not one iota of detail of potential profit.

Largo straight out the trap came up with some compelling and exciting profit figures for their electrolyte factory! Effectively doubling their profit on v related to electrolyte sales! Hard to make a direct comparison to bmn as it's v205 and they have lower costs.

So the electrolyte factory will likely be a game changer if there is demand. But as per usual bmns communication is absolutely atrocious. I emailed chika about figures but never got a reply. Bmn supporters should be jumping up and down asking bmn for profit guidance. Also they do need to buy out the idc as 45% is too much to not control considering it might well be the goose that lays the golden egg. Perhaps that's why they don't want to give profit figures???? Idc" you are going to be making how much ....we need to rethink our asking price for our 45%".... Just musings

[megaman2] 11/7/2021 05:56

With hindsight it's an easy thing to say they should have not spun off afritin last time I looked it had a c£60 mill market cap. But nobody new the tin price was going to move where it is and the general theme currently is to concentrate on one asset and become vertically integrated that's the aim playbook. Lemur appears permanently in purgatory as time goes on its becoming less and less likely they will spin it off and find the required $165 mill . It's problematic. Bmn need the vrfb market to work or they are screwed end of. They may get a reprieve if v prices hike but over any sustained period the two old mines will lose money at average v prices which is inevitable.