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Share Name Share Symbol Market Type Share ISIN Share Description
Bushveld Minerals Limited LSE:BMN London Ordinary Share GG00B4TM3943 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 3.7% 7.00 687,034 08:06:16
Bid Price Offer Price High Price Low Price Open Price
6.80 7.20 7.00 6.70 6.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 65.82 -27.55 -2.19 88
Last Trade Time Trade Type Trade Size Trade Price Currency
08:32:44 O 50,000 6.875 GBX

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Date Time Title Posts
01/7/202208:33Bushveld Minerals25,080
05/5/202109:28Be presntation1
22/3/202112:19NEW Bushveld Minerals (Moderated)45
05/6/202013:17Good management120
30/5/201822:2110 bagger Road to production94

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Bushveld Minerals (BMN) Top Chat Posts

DateSubject
30/6/2022
09:20
Bushveld Minerals Daily Update: Bushveld Minerals Limited is listed in the Mining sector of the London Stock Exchange with ticker BMN. The last closing price for Bushveld Minerals was 6.75p.
Bushveld Minerals Limited has a 4 week average price of 6.65p and a 12 week average price of 6.65p.
The 1 year high share price is 15.10p while the 1 year low share price is currently 6.65p.
There are currently 1,261,299,177 shares in issue and the average daily traded volume is 4,752,026 shares. The market capitalisation of Bushveld Minerals Limited is £85,137,694.45.
01/7/2022
05:59
megaman2: Agricore post is pretty good on LSE and it's positive I hope there is more posters like him. There are too many low knowledge folk doing revenue calculations and just making things up to support their fantasy. Other than the bombshell.of the $151 mill bmn on v price be etc is as where I expected it to be . I have often referred to arc analysts for basic calcs . At $40 v price they have net revenue at $9.8 m and cash at ye at $19.7 m. At a projected v price at $41 they may come in a little higher but are good ballpark figures to base the real world reality on . So we know $31 mill is required to start phase 1 which doesn't increase production . But bmn needs a cash buffer of min $20 mill imo to deal with Fall's in v price . A new rcf would be helpful . I can see them raising $20 mill next year or sooner to start phase 1 . Leveraging cash flow imo does not preclude dilution imo. Could be more clns for example . Or a royalty on vanchem.. I'm awaiting arc and share price angel to re-work their forecasts as currently they have production ramping up to 7737 MTV by 2024 but for only c $35 capex spend now we know it's much much higher . So their estimates for all of 2023 and 2024 are way off and need big amendments as without significant capex production is frozen. No doubt in the coming days we will see various numpties claiming all sorts of revenue and cash figures .....but the £1.50 club has now been disbanded imo...
27/6/2022
17:47
megaman2: The $151 m is an absolute shocker . Possibly the biggest boo boo in bmn history . The house broker share price angel last broker note has 2024 e production at 7737 MTV . Capex to get there $52.9 million over 2023 and 2024 . But wait that is total capex !!! Includes Be and sustaining capex and environmental capex !!! So capex to get to 7737 MTV in the last broker note by the house broker who are suupplied information by the company was around c $35 million !!!!....... This is the extent of the underestimation of the capex required and is clearly a game changer in valuing bmn. One minute it's c $35 million the next $151 million ......I wonder if the analysts will comment when they re-do their forecasts as they look a bit stupid here ....
26/6/2022
11:28
purchaseatthetop: The share price is where it is simply because BMN just burns cash and issues shares to pay for it. It is producing confetti. It’s unit cost per kg is so high now that it needs really high sales values simply to breakeven operationally, something the vanchem royalty makes even more difficult. I said 7p a few months ago and I was right. Just why Fortune et al are heaping praise on themselves for this tiny years late and still not actually delivered micro grid is because they want to divert attention away from their failed stewardship. The next thing to be missed is the electrolyte factory actually opening. I said this at the time but why would the lead time for the processing equipment be 12 months for BMN when Largo can announce a new facility and be producing inside just four months? The delay was because they actually do not have the cash to buy the equipment.
26/6/2022
11:14
megaman2: You don't seem to comprehend what I'm saying ...no surprise really from someone whose stance they think is balanced and that at s.p.c 7p ...5p is ludicrous and 40 p is positive..... Im just explaining why I think the share price is 7 p which is pretty obvious to all but your main intention since joining was to try to undermjne my posts ...you failed imo The people ramping the stock are embellishing any positive to support a much higher price their only 3xabation if the current share price us that it's the shorters ... Im relaying the facts)evidence to explain the current price . These are not the opposites nor I'm I telling people not to buy . If I hadn't bought at 11.7 p average I would be buying now . It's called critical analysis ...
26/6/2022
08:17
megaman2: I will let you know when I sell but I'm sure it's best to know the reality after all the share price has fallen from 48 p to 7p and according to some it's just the shorters and the company have done a brilliant job and the share price should be £1.50 today.. Today From lse The aptly named basil brush "The share price is totally unreflective of BMNs progress and achievements. If it was the share price would be £1.50 at least" . What's your thoughts on this commentary ??? Realistic?? The opposite to this would be calling for 0.35 p....but im. Just pointing out the reality of why we are where we are...unless you agree with basil brush ...bum bum
24/6/2022
11:28
megaman2: Same old ...it's the shorters...liftoff you are refusing to use your noddle ! 1. Companies never write in an rns dilution ahoy 2. Bmn need $151 mill for funding albeit in stages 3. History of dilution this year prim duferco c 69 million at c 10p 4. Last cash raised $65 million mostly gone dilution of cln converts to 200. Million plus shares next year and lifetime royalty slapped on vametco 4. Fortune doesn't given a hoot about piis and expressed a desire to bring iis on board . 5. Iis want to come onboard via placing bmn hosting roadshows...there is no more ii shareholders meetings 6. RBC appointed . Andrew from bmn spoke and confirmed they have been brought on to bring on board institutional.investors and are better than bucket shops ...!!! Read the above and use your noddle . Whilst the rns doesn't explicitly say dilution my experience of aim and bmn means exactly that ... To Deny this high possibility is either absolute naiveity or just being a gah troll
23/6/2022
09:08
nvhltd: That’s the point I have been making about this project as a pilot for other minigrids. Fair enough it is just a pilot, but unless they have a need to time shift the energy generated from the PV during the day (like in a domestic property when people are out working during the day, but come home to use the energy in the evening) then it is a pointless waste of money adding batteries. BMN will use electricity 24 hours a day with a bias towards daylight use. So their 10% will or can be used during the day without the need to time shift it to the evening. For similar operations their first priority is power generation from PV for use during the day. Only if they see a business case and have the room will they double the size of their PV array to generate and store energy for nighttime use. That is a massive financial commitment to make. For utilities like ESKOM I can definitely see the need for batteries because they generate lots of electricity from multiple sources that is wasted. Batteries will help peak shave and time shift electricity that would otherwise be wasted. So they finally confirm that the minigrid is going to be another year delayed. Thanks for telling us Fortune. Abengoa weren’t mentioned so it seems they have been dropped due to their financial problems I would guess. I would suggest this was one of the reasons for the delay and while not Mikhail’s fault directly he chose them. Then because of all the other delays we’ve been forced to have the Vanadium processed into electrolyte elsewhere. One of Mikhail’s value add links in the chain lost to others. To try and prove another link in the value chain they are paying themselves a fee to BE! Mikhail personally gets a cut from his 16% shareholding in BE and another 16% from his shareholding in VRFB-H via BE. As pointed out previously we shareholders are funding Mikhail’s 16%. In 7 years he has invested no cash and taken a salary all at our expense. This project is again funded by BMN shareholders while he creams off his 16% by way of his involvement in the various businesses held under the BE umbrella. Let’s not lose site that this ‘fantasticR17; news is years and years late and is what it’s says on the tin, a pilot project that doesn’t deliver real tangible revenue that will drive the share price anytime soon.
13/6/2022
12:09
nvhltd: And so we come back to my shareholding. Why bother responding this morning in the way you did? You could just leave me to post my thoughts and opinions and everyone would be happy. Why does my shareholding or not prevent you from engaging positively and countering my comments constructively? You could ignore me and post something about BMN / BE that others might find useful, but please not a share price targets by Xmas or how many millions we are making in profit per week. The share price is 8p for a reason and putting your head in the sand and trolling posters isn’t going to change that. Only a high Vanadium price and the 2 CEO’s can change that. I’ll start the debate off and let’s see if you can engage positively. We borrowed circa $44 million from Orion in November 2020. Roughly $24 million was earmarked for Vametco to take production to 4,200 mtv. The other $20 million went to expand Vanchem. That $44 million was going to deliver around 6,800 mtv. So 20 months later how much did the $44 million deliver? We know that kiln 3 is being commissioned and ramped up, but we don’t know where they are in that process. What we were told was that by the end of 2022 production would be on track to deliver 5,400 mtv in 2023 (if I recall correctly). We know that the money earmarked for the Vametco expansion wasn’t spent there and they asked Orion if they could remove the ring fence preventing them from spending the money elsewhere. Then we know that they included vanchem in the expansion feasibility study. That was received at the end of last year. So 20 months after receiving the Orion $44 million, having changed their plans for where the money would be spent and 7 months after receiving the feasibility study why are they taking so long to decide where to spend the cash and deliver 6,800 mtv? Personally I think they have blown most if not all of the Orion cash keeping the lights on the past 2 years, but if you don’t believe that theory do you know that we still have the Orion cash (not cash from operating the plants)? Let’s assume that they do have the cash, why is it taking so long to decide where best to spend it? Then based on their track record how long do you think we will have to wait before they deliver the next expansion target of 6,800 mtv? Another 12 to 18 months or 4 years after first requesting the investment from Orion? Why did we borrow the cash in November 2020 if we weren’t ready to deploy it? Over to you Alexander to enlighten us. My shareholding will have no bearing on your response.
13/6/2022
09:35
nvhltd: But here we go again Mr Alexander. I haven’t referred to you or rattled your cage. I’ve posted my thoughts and opinions on a public forum in relation to my investment in BMN. For 5 years it is you that seeks out and trolls people and when people stand up to you then you cry like the big girls blouse that you are. The point is you don’t debate with anyone because you can’t. Part of that is not your fault as it’s hard to debate with the facts I post. The company has failed both of us. That is the reality. You choose to make excuses for their failure and I prefer to call them out. Neither of us can change anything. My posts here aren’t influencing the direction of the company or the share price In the long term you may well have the bragging rights, but for the past 4 years and currently there is nothing to brag about. At the moment we are all losing. If not money then we are losing time. How many months ago did Mikhail tell me that dozens of projects were coming? Dozens in a year would be impressive, but dozens over years is pathetic especially as nothing has still been announced. I think a number of us here were hounded off either the LSE or Telegram so it’s surprising how ADVFN has become the go to forum for real debate about all things BMN / BE. Always happy to exchange opinions and views on our investment Alexander so let’s try and keep it that way.
08/6/2022
15:40
nvhltd: 10 months ago today Fortune did his last interview with Crux. The title of the video presentation was BMN - Vanadium Platform Ready To Re-rate. On that day 10 months ago the share price was circa 12.9p. So what happened to the re-rate? In the interview Fortune again stated that the sweet spot for VRFB take up was $40 to $50. So if Vanadium prices are north of this sweet spot the VRFB market opportunity will suffer. He also said that more than a third of their sales was to the US. At the time not 60% plus. Obviously they seem to have some flexibility to chase the best priced market which is good. More interestingly we are a further 10 months down the road and they still haven’t been able to articulate or communicate the energy strategy he mentioned in the interview or further rental contracts. Either the Enerox / Garnet situation has thrown them off course or other things have not gone to plan. Either way Fortune continues to dangle the carrot on a stick, but fails to deliver. The video is worth revisiting if anyone needs a boost and a reminder of what they are hoping to achieve, but boy are they taking their time to really deliver.
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