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Can anyone foresee any positive catalysts in the short to medium term?
30% of all CEOs were previously qualified accountants and that the core reasons given were :
1) Commercial intelligence
2) Risk Management
3) Analytical skills
4) Less Egotistical mindset
I'm not paying to read that, what does it say in summary?
And some 🤡 disputed this
https://www.ft.com/content/fb4a8289-f8df-44d3-b6f0-48d476e775c2
Lamps need to call you out for double standards as you asked Eco for some reasoning - same question what’s the reasoning for the surge in V prices you mention and why do you think they are currently so low and what timeframe do you have in mind.
Also Faramog you need to take a look in the mirror mate. Raising a glass to Pdub when you were actually quite rude to him in recent times despite the terrible suffering he must have endured - thought u were better than that tbh.
I shall raise a glass to pdub who I am 100% certain enjoyed are combative exchanges. A large glass on Bushmills would seem appropriate.
RIP Pdub you legend
I will also be raising a glass to Paul today at 2pm best wishes to his family.
Pdub may have been an optimist, but his views were always supported by facts and sound reasoning.. Sure gonna miss that. And faramog is right, many of us are hanging on for the inevitable V price surge, which can’t come soon enough. Sellers need to pay attention to catch the wave when it comes.
Never engaged in conversation with Pdub. Always thought I would get ripped for ass paper if I did lol. My condolences to his partner and family. All the best where ever your travels take you Paul
Eco, you are entitled to an opinion but at least back it up with some reasoning. Takeover by, whom, how ….. why?
I too will be raising a glass @GND
As for sentiment, can't see any T/O - that could have happened several times in the past and did not. There is an expectation of another Vanadium Spike (eventually). Just consider that if it went for a sustained period to $50+ (not inconceivable and well within the sweet spots for steel and other industries), with Barren dam and other improvements BMN makes 5,000 mtv+ and that would be an EBITDA of circa $100m.... at a low PE of 5, that is $500m.. that is an SP target circa 20p
Craig made clear this was a tough year, but that with the funding in place (an it is bar the small Acacia $3.5m, then the costs were met, Capex in place and the company would survive to make the improvements. A lot I guess will hang on the Q1 (not so much results), but business statement and forward view in April
Plenty of doom sayers, but actually, the corner has been turned. No one puts millions in to see it lost or swallowed up in a receivership process
I will raise a glass to you and Paul this evening from my hideout in France. RIP Paul.
GND: easy for me to say but do not let sentiment get in the way of trading BMN when the time comes. I can never see them making you a fortune and the way the coin is falling, I am sad to say that the odds favour a cheap t/o. But only my opinion. I wish you much luck.
Eco
Well Largo's results were better than I expected:
They went from $39.5m cash, $65m debt at the end of Sept to $42.7m cash and $75m debt end of year. Jan and Feb have produced just 858t v205 total, equivalent to 463mtV which is very low, even factoring in maintenance.
V price is now lower than it averaged in Q4 so that loss will increase this quarter but they survive twelve months if they want just drawing on a bit more debt and holding back on capex spending at Marachas.
Not sure $105m mcap is justified for a $10m+ a quarter loss making vanadium company with life of mine issues and ever falling production numbers but it looks like they won't be halting production anytime soon.
LawrenceH a true bushy 🔔 end
Sorry, I've just given my roots away (a scally from the back streets) but I do learn something every day..
HMHG......hear..hear
No, the conference call is tomorrow at 1pm ET, the financial results are tonight after US market closes.
Really sorry to say this......but....here...here HMHG
It really is sad to see the demise of this once AIM darling. Actually brought a tear to my eye reflecting on this sorry demise of this shining light. Final embers now I’m afraid. RIP Bushveld
They have a conference call at 1pm ET (so 90 mins times), so I am guessing any time in the next 30 mins
What time are Largo releasing news of their impending doom ( haven't sold out, just joining in so I don't feel left out )
There are many deals today which can be viewed as a pair, I think they have put through a number of bed/isa deals.
You remind me of Marvin the Paranoid Android .... 'I am so depressed' ... or Fraser ... 'were all doomed'
Gobushy, I wish you well with your investment but fear the worst. Bushveld is currently losing money hand over fist and there is no sign of a recovery in the V market, quite the opposite in fact. Loans, sale of assets and lines of credit will only last so long then it's game over I'm afraid. This is a pure gamble on V prices and it's not looking good at the moment.
I will trade things as I see them in a chart rather than as I hope them to be. I made a lot of money at the outset that way and then I thought I could make more by being clever. Nope! Conclusion - follow the chart. This is game on again as a breach above 1.45. Wish I'd made these observations and respected them years ago.
Started buying my position all day today. Thank you so much sellers, you saved me thousands
Its clear a few flipped a while back (probably shxx themselves prior to lack of funding news and sold out) they are now posting negative shxx when they used to be uber postive. They are clearly out looking for low entry point. Too many not currently invested commenting on here and all other channels...
Last RNS.....14 March 2024 - Craig Coltman, CEO of Bushveld Minerals commented:
"The receipt of this cash enables the Company to reduce creditor balances whilst we continue to implement the necessary initiatives to improve operational performance at Vanchem and Vametco."