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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
  0.00 0.00% 24.00 2,676,893 16:07:06
Bid Price Offer Price High Price Low Price Open Price
23.50 24.50 24.00 23.50 24.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 150.63 67.91 2.27 10.4 269.0
Last Trade Time Trade Type Trade Size Trade Price Currency
17:03:44 O 91 24.50 GBX

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Date Time Title Posts
15/7/201912:15Bushveld Minerals10,256
21/5/201922:48Good management118
30/5/201822:2110 bagger Road to production94
28/3/201812:35NEW Bushveld Minerals (Moderated)42
27/8/201722:44Google Synohydro Gabon35

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Bushveld Minerals (BMN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-15 16:03:4624.509122.30O
2019-07-15 15:35:3124.509122.30O
2019-07-15 15:24:3923.7510,0002,375.00O
2019-07-15 15:11:1523.75949225.39O
2019-07-15 15:05:2723.881,539367.51O
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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 24p.
Bushveld Minerals Limited has a 4 week average price of 23p and a 12 week average price of 19.50p.
The 1 year high share price is 50.10p while the 1 year low share price is currently 18.75p.
There are currently 1,119,057,953 shares in issue and the average daily traded volume is 1,154,412 shares. The market capitalisation of Bushveld Minerals Limited is £268,573,908.72.
jc2706: I am fascinated by this short position. It is pretty small so the fact that it exists or the impact on the share price is pretty irrelevant. The thing that fascinates me is the fact that it has increased at a time when the price action in both Vanadium and the share price has notably shifted and to be frank you would have to not be watching very hard to notice it. I would have thought that they would be closing this now but no - they have increased it recently. I remember Platt Hunter on here talking about the lower highs and lows in the share price during the March/April period and he was correct. Well, we are beginning to see a similar scenario here and if this latest uptrend can rise above 31p or so then that would be three of each. Clearly our shorter has a different viewpoint. Either they see weakness in the Vanadium market going forwards which doesn't support current valuations (as I believe they also have a short on AMG which may indicate Largo as well) or there is some other driver of which I am not aware.
tsmith2: Bushveld Minerals* (BMN LN) 28.5p, Mkt Cap £319m – Vametco ore reserve grade rises to 2.02% as reserve more than doubles to 279,100t of V2O5 in magnetite BUY – Target price 90p (Bushveld Minerals hold 9.5% of AfriTin which has the Uis mine in Namibia) (Bushveld holds 71% of the Vametco mine and process plant in South Africa) (Bushveld recently agreed to buy 100% of the Vanchem process plant and associated mine in South Africa) CLICK FOR LAST PDF Bushveld Minerals report a significant increase in the grade and scale of the vanadium reserve at the Vametco mine in South Africa. Drilling and reserve evaluation shows the grade to has risen to 2.02% V2O5 in magnetite from 1.96% estimated previously. This is a meaningful increase in the grade and shows the Vametco to still rank as one of the world’s highest grade vanadium mines. Ore reserves have also rise to 279,100t of contained vanadium in magnetite from 137,152t previously. Indicated resource, which are less well defined, also rises by 187% to 965,900t of V2O5 in magnetite due to a number of recently completed drill holes. Probable ore reserves are 48.4mt across the three seams averaging a grade of 2.2% V2O5 and an average magnetite content of 28.5% in whole rock. The Lower seam varies from 13.8-52m in thickness with 40.2mt grading a higher 2.05% magnetite and an average magnetite of 29.4% for 135,600t of vanadium. The figures reflect the work done on the geology and an new focus on better managing and scheduling the mine which should add meaningfully to the operations. Ferro-vanadium Ferrovanadium prices stabalised at $35-36/kgV in Europe last week. Prices are now at $35-39kgV in China having fallen to better match European levels. European buyers have held back from vanadium purchases due to slowing German and Eurozone economic growth, recession in Italy and the potential impact of Brexit. AfriTin facility Bushveld Minerals have agreed to provide working capital support financing for ~$2.1m to AfriTin. The 12-month facility to AfriTin is intended to provide working capital through the commissioning of AfriTin’s ‘Uis’ tin mine later this year. The standby facility interest rate is at 12.5% and is secured against AfriTin’s process plant though it would be odd if having spun off AfriTin if Bushveld were to effectively repossess the operation. Certain conditions apply to the drawdown including the completion of a £3m funding at AfriTin. Share price movements Bushveld management commented yesterday on the company’s share price movement. Management state “it is not aware of any corporate developments that support such a movement. The Company notes the recent falls in the Vanadium price but believes the vanadium market remains in a structural deficit that will support higher prices in the medium to long term”. The stock which opened at 22.75p yesterday morning and fell a further 11% to 19.5p then rallied by around 50% to 29.5p following the announcement. We are sorry if any short-sellers were hurt in yesterday’s rally. *SP Angel acts as Nomad & broker to Bushveld Minerals.
jonathansidwell: Shares in Bushveld Minerals Limited EPIC code: LON:BMN has moved up 10.43% or 2.4 points during today's session so far. Market buyers are a positive bunch during the session. The periods high figure was 25.4 dipping to 19.83. Volume total for shares traded during this period was 13,018,241 with the average number of shares traded daily being 6,297,345. The 52 week high for the share price is 50.19 which is 27.19 points difference from the previous days close and putting the 52 week low at 16.8 a difference of some 6.2 points. Bushveld Minerals Limited has a 20 SMA of 27.47 and also a 50 day simple moving average now at 31.84. Market capitalisation for the company is £284.24m at the time of this report. The share price is in GBX. Mcap is measured in GBP
jc2706: Not sure that there is much correlation between BMN share price and the wider market but there certainly has been with the Vanadium price (not a straightforward 1:1 but correlated nevertheless).
jc2706: It has been single figures (for V2O5) for a couple of weeks based on Fastmarkets market reports. Note that BMN do not supply this but rather Ferrovanadium (which has also fallen in similar fashion but which is quoted as a price per kg). I confess that the correction has gone much further than I would have thought even though the US price for FeV is still at the bottom of the range that I was anticipating in the pull back (which I had at $50-80/kg). You can only imagine at the losses some of the traders/consumers have suffered who bought at well over $100/kg. It is a certainty that, even if there is a structural deficit in the market over a period, in the short term this is certainly not the case. The next few months should ascertain whether this deficit is in place or whether substitutions, stone coal production, lack of enforcement of Chinese rebar standards, etc. have removed this, at least in the short term. Stone coal production is unlikely to last at these price levels but appears to be acting in the same way as shale oil production in potentially capping price rises. Continuing Vanadium price weakness will always be a drag on the share price but producing miners have a tendency to bottom before the commodity and BMN has experienced pretty decent support around the 24-26p level (which was the confluence of several supports). Whether this is a bottom remains to be seen but the price will need to rise above the 200dma to re-establish a bull trend.
jc2706: BMN return was 800% in the last 3 years? October 2016 share price - 1.3p (it actually went down to 1.2p but the closing weekly by the looks of things was 1.3p) Current share price - 38p I make that rise somewhat higher than 800% (add a 2 in front and it is close). If you want to go precisely 3 years then the March 2016 share price was 2.33p which would still make the rise considerably more than 800% (double it and it's close). Obviously the market capitalisation has risen even more owing to the issue of new shares over the period.
jc2706: Sorry, I have not speculated on the share price here in the short, medium or long term. Sure, I have invested and expect the share price to rise over time but my investment is based on my assessment of the fundamentals. Should these change then I will reassess. They have changed to some extent as the production profile has dropped at the same time as the Vanadium price has risen and then dropped. On that basis the outlook based on the known information has worsened. However, I believe that the Vanadium price is very likely to rise from this point during the rest of the year based on many reasons that have been mentioned before. On this basis alone I am not selling. There is also the potential for the production profile to rise this year as the management get to grip with the issues that have been encountered. I cannot say for sure whether this is the case, however I am willing to give them some time to do so. There is, in addition, a stated aim to improve this production profile further in the medium term to 10,000mtv. This is a target and time will tell whether they achieve this. So the 'pro' case is based on an expectation of rising Vanadium prices (when even at current prices the company is very cash generative based on known information) combined with the potential for increasing production. The 'con' case is based on the fact that the production profile has been falling with no evidence to suggest that these issues have yet been overcome. In addition the commodity price has fallen substantially from the highs of late last year. There is also the potential for geopolitical instability. The fact that the share price has risen greatly over the last couple of years also has potential bearish implications as those with large profits will, at the very least, consider realising some of these. I don't see why this makes me the 'lowest of the low'.
abbotslynn: Another great encouragement for our share price from the internet today- Using the production guidance of 3,680 tonnes, FeV at $75 per kg and all in costs of $25 per kg (conservative), Vametco generates $184m net profits, our share is $107m. That gives us profits after tax of £57m and a forward PE of just 4.11 at the current share price of 21.85p. A fair PE of 15 would increase our share price to 80p. Production increases to 5,000 tonnes pa next year, increases our share of profits after tax to £77m, giving us a forward PE of just 3.02. A fair PE of 15 would increase our share price to £1.08. Taking out Sojitz and producing 5,000 tonnes pa at the current FeV price increases our profits after tax to £98m, giving a forward PE of just 2.38, at the current share price of 21.85p. A fair PE of 15 would increase our share price to £1.38. This just takes into account Vametco. Bring on Mokopane, Brits, Bushveld Energy, electrolyte, Eskom, brownfield, Imaloto coal, etc! :)
abbotslynn: Thought I would pass on this message by a fellow BMN holder on another internet site this week- Enjoy Imo, there is an excellent chance that Bushveld’s share price will be well in excess of £1 next year. Firstly, last week’s webinar confirmed our thoughts on the future of the FeV price. Demand/supply forecasts show that it is going to be a very favourable period for all vanadium producers over the next few years. The supply shortage is set to continue; there will be growing vanadium demand and only limited new supply coming on line, mainly through our own expansion and from Largo’s expansion. Therefore the FeV price will remain very strong throughout this period and from a starting point of around $70 to $75 per kg, any bounce will be very positive for both BMN’s profits and therefore it’s share price. Secondly, we know that Phase 3 of the Vametco expansion is underway and is likely to be finished ahead of schedule, taking our production to over 5,000 tonnes pa. Thirdly, the planned Sojitz buyout will take our Vametco share to 74%. Buying out Sojitz and producing 5,000 tonnes pa at an average FeV price of $75, gives Bushveld profits after tax of £95m, giving a forward PE of just 2.61, at the current share price of 23.2p. With our incredible growth prospects, I think it is easy to justify a PE of at least 15. That would give us a share price based on those figures of £1.33 later next year. The FeV price almost certainly has further to rise from its current levels, increasing our profits and therefore our share price even further. Also, bear in mind that this valuation only takes into account our share of Vametco. We also have so much more to come. In no particular order. Mokopane mining licence (imminent). Details of Mokopane early revenue generation. Brits vanadium resource news. Bushveld Energy contracts/progress. Electrolyte production news. Eskom VRFBs. Potential brownfield addition. Imaloto coal. etc! It’s been said many times before, Vametco is definitely just the launchpad. Bring on £1 and beyond! DYOR of course :)
nickderby: Bookwormrobert sold out on 23rd Feb when the BMN share price was 2.9p as he thought it was overvalued! Lol. He invested in BMR instead. With advice like that it's probably better to stop giving investment advice! :)
Bushveld Minerals share price data is direct from the London Stock Exchange
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