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Bushveld Minerals Share Chat (BMN)



Share Price: 22.25Bid: 22.00Ask: 22.50Change: 0.15 (+0.68%)Riser - Bushveld
Spread: 0.50Spread as %: 2.27%Open: 22.40High: 22.40Low: 21.85Yesterday’s Close: 22.10


Share Discussion for Bushveld Minerals


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Pdub
Posts: 6,819
Opinion:No Opinion
Price:22.25
RE: Buys
Today 10:40
One further point on Wogen. They have an exclusive global sales and marketing agreement with Bushveld Vametco (with the exception of Japan and Taiwan) which runs for 5 years from 2017. Given the expansion programme and increasing production and sales, plus the incredible rise in Vanadium prices, it would be commercial madness for Wogen to damage the BMN sp and risk their relationship with BMN by ignoring their agreement for an orderly disposal. This must be a very lucrative contract for Wogen so I would expect them to honour their commitments.

Just my opinion of course, but I believe their sells are likely to balance the desire to recover their investment against the need for stability in the sp.

It is quite possible that there is more than one seller, but the evidence suggests that Wogen could easily be the source of all or most of the significant sells over the last four days and the drip feeding of some of those shares would match a controlled disposal in line with the market volume each day. If it is Wogen exclusively then they will not have many left and the selling should end in the next day or so.

Sometimes the simplest and most obvious explanation is the correct one. Let's hope that is the case here.

All just my opinion.
 
SickOfTheRatRace
Posts: 1,266
Opinion:Strong Buy
Price:22.25
RE: Uncrossing Trades
Today 10:37
I believe Alfa has an article in progress about this, not sure if it was completed or not.
Headancer
Posts: 39
Opinion:No Opinion
Price:22.25
RE: Uncrossing Trades
Today 10:25
I agree. Could somebody explain to me as well
coffeecups
Posts: 3,922
Opinion:No Opinion
Price:22.25
RE: Buys
Today 10:19
IMO this is a warrant holder plus another LTH selling a few million and drip feeding them into the market at a time when it can support that sale ,not a big deal at some stage we will all sell, at least they have the brains to do it at the right time.
swanseayellow
Posts: 145
Opinion:Strong Buy
Price:22.25
RE: Buys
Today 10:15
I would agree with you pennypusher , Wogen must surely be near the end , seems like different MO today , clear skies ahead
PennyPusher
Posts: 711
Opinion:No Opinion
Price:22.25
RE: Buys
Today 09:48
I was just thinking the same thing Pdub - there's still considerable buying going on which is having minimal effect on the share price, suggesting that a sell order is being filled. I don't think that it's a coincidence given Wogen's recent conversion, and we know that they have a finite and relatively low number of shares left to sell. Would be nice if they could clear this week before the Q2 update next week.
Rob1967
Posts: 348
Premium Chat Member
Opinion:No Opinion
Price:21.85
RE: Buys
Today 09:36
The 50k trade at 8.00.11 @ 22.07p was a buy
Sprites
Posts: 102
Opinion:No Opinion
Price:21.85
Uncrossing Trades
Today 09:25
Does anybody understand UTs and how they come about? Today's trade at 08:00:01 @ 22.40 seemed to be behind the advertised Bid:22.00 Ask:22.50., and the subsequent 'buys being shown as sells' as shared by clarkgriswold. I'm interested in who controls them (and how to bid on an 'auction') and what the potential tactics are. It seems to me that sometimes the UTs bear little relation to the market price around that time, particularly on occasions at 16.30. Would be grateful if someone could explain. Thanks
clarkgriswold
Posts: 3,305
Opinion:Strong Buy
Price:21.85
RE: Buys
Today 09:24
Two great interviews yesterday by Fortune, I can see how the man has grown in every aspect just as Bushveld has.
Pdub
Posts: 6,819
Opinion:No Opinion
Price:21.85
RE: Buys
Today 09:23
I do not subscribe to the idea that these 50 k / 100 k sells are a short. Quite apart from the lack of verbal nonsense that accompanies shorting, there seems to be no intent to push the sp much lower than this point. That suggests that this is a disposal. And the obvious candidate is Wogen who have recently exercised 4 million warrants. They will want to recover that money and a good 100% profit ASAP but in an orderly manner without damaging the sp, which I believe is part of their agreement.

It would seem that they have made regular 500 k sells each day since Thursday, but I also think other round number sells may be attributed to them. If so I would expect the process to complete by Wednesday / Thursday. If I am wrong then the 500 k sells would continue to Monday. Either way there seems to be no desire to trash the sp and that suggests that this is a great buying opportunity for those with the cash.

All just my opinion.
compos
Posts: 10
Opinion:Strong Buy
Price:21.85
Top Up
Today 09:23
My further small top up of qty 4448 at 0850 for 22.23 listed as a sell
JMC69
Posts: 60
Opinion:No Opinion
Price:21.85
RE: Buys
Today 09:23
I'm not getting NT - 22 for up to 25k shares, 22.22 over 25k shares, 22.4 above 50k.
Pdub
Posts: 6,819
Opinion:No Opinion
Price:21.85
RE: Buys
Today 09:22
Sp on HL 21.85 / 22.00p
clarkgriswold
Posts: 3,305
Opinion:No Opinion
Price:22.25
Buys
Today 09:15
I never use NT I don't trust them.
PR77
Posts: 280
Opinion:No Opinion
Price:21.85
RE: Buys
Today 09:15
We've had 4 x 100k and 2 x 50k so that might be the suspected Wogan sells covered off for today.
clarkgriswold
Posts: 3,305
Opinion:Strong Buy
Price:22.25
RE: Buys
Today 09:14
It's of little concern in the long run, I'm happy at 22.22 for my buy even if it dips, I truly believe this is a once in a lifetime opportunity.
PR77
Posts: 280
Opinion:No Opinion
Price:21.85
RE: Buys
Today 09:12
NT to buy currently
Alfacomp
Posts: 5,859
Premium Chat Member
Opinion:No Opinion
Price:21.85
RE: Buys
Today 09:09
I guess we'll know in a couple of hours time.
clarkgriswold
Posts: 3,305
Opinion:Strong Buy
Price:22.25
RE: Buys
Today 09:05
Haven't a clue, perhaps there isn't the appetite for buying yet this morning.
PR77
Posts: 280
Opinion:No Opinion
Price:21.85
RE: Buys
Today 09:02
Have they broken the 500k up into 100k chunks this morning, or is someone looking to soften the price up hoping that the 500k gets dropped at c9:15 again?
clarkgriswold
Posts: 3,305
Opinion:Strong Buy
Price:22.25
RE: Buys
Today 09:00
Agreed I just wanted to point it out having made a buy this morning, 100K seller showed up again.
Pdub
Posts: 6,819
Opinion:No Opinion
Price:22.25
RE: Buys
Today 08:57
And of course the two 100 k trades that just appeared!
Pdub
Posts: 6,819
Opinion:No Opinion
Price:22.25
RE: Buys
Today 08:54
Clark all the visible trades today are buys except the two at 22.02p. I do regular dummy trades when watching screens.
clarkgriswold
Posts: 3,305
Opinion:Strong Buy
Price:22.25
Buys
Today 08:45
I would imagine all the trades in red at 22.22 are indeed buys, buy hold accumulation is the way. Will these tickets still have the same value end of year... No chance.
clarkgriswold
Posts: 3,305
Opinion:Strong Buy
Price:22.25
Buy
Today 08:39
Showing up as a sell says it all, at least we have transparency ourselves by flagging up as we buy.




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