Register
Login:
Share:
Email Facebook Twitter


Angus Energy announces transformational joint venture with Cuadrilla & Lucas Energy
Aim-listed Mongolian explorer Petro Matad to drill four wells in 2018


Bushveld Minerals Share Chat (BMN)



Share Price: 8.98Bid: 8.80Ask: 9.20Change: 0.00 (0.00%)No Movement on Bushveld
Spread: 0.40Spread as %: 4.55%Open: 9.00High: 8.98Low: 8.98Yesterday’s Close: 8.98


Share Discussion for Bushveld Minerals


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


knutsfordnotary
Posts: 58
Observation
Opinion:Strong Buy
Price:8.98
RE: Lest We Forget
Mon 23:14
Lets take a laid back approach, folk.
OK it is aggravating to be diluted but I would rather have 2/3rds of 2 pints than half a pint, if you get my drift.
A deal was done which was ok and perhaps necessary at the time and now , here we are with profits coming out of our ears and plenty to go round for everyone. Of course it would be nice to have kept it tight, but what was done had to be done and , to change metaphors, a sensible course was steered along a bumpy road and now we have a straight route to immense profit/ share value appreciation so let's not be impatient or complaining! Lets have faith in the driver who was aptly named Fortune! Lets be glad he is enabling those who dare/d to invest to look forward to substantial gains
 
gambitxjs
Posts: 3,020
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.98
Latest Vanitec post
Mon 22:17
Nickderby
Posts: 3,314
Off Topic
Opinion:No Opinion
Price:8.98
View Thread (2)
RE: Lest We Forget
Mon 21:44
Knuttie, I don’t see a problem. There was an early repayment clause in the deal. They get an additional 5% if my memory is correct.
knuttie
Posts: 3,836
Off Topic
Opinion:Strong Buy
Price:8.98
RE: Lest We Forget
Mon 21:40
Nick I hope you are right.However we do need to be aware of how tight finances were & they did a deal , maybe when no one else would. If we dump the deal where will it leave us next time around?
Nickderby
Posts: 3,314
Off Topic
Opinion:No Opinion
Price:8.98
View Thread (3)
RE: Lest We Forget
Mon 21:28
LS, Imo we’re still seeing conversations because we’ve only been in control of the cash for about 7 weeks. Capex and brownfield acquisition plans etc are taking priority for the time being.

I would be surprised if these CLN’s aren’t paid up and cleared in Q2 though.
That would certainly be my plan.
loudspeaker
Posts: 2,862
Off Topic
Opinion:No Opinion
Price:8.98
View Thread (7)
RE: Lest We Forget
Mon 20:58
@BBN i fully understand what you are saying, but if i was running the rule over looking to invest here and reading that at current FeV prices we are making profits of 1 million pounds per week.i would be asking the question which is obviously
why do we still have 5 million pounds of CLNs diluting us and keeping us in a predictable trading range, coupled with Erongo offoading 41 million shares at high 8s for a deal that was struck in tbe mid 1s that initially further depressed our SP.and those who didn't or couldn't sell in the first week lost 40% on that deal, I would be questioning have we got these figures right.
knuttie
Posts: 3,836
Off Topic
Opinion:Strong Buy
Price:8.98
RE: Accounts dates
Mon 20:35
Full audited by the end of June
mikeetg
Posts: 1
Off Topic
Opinion:No Opinion
Price:8.98
Accounts dates
Mon 20:30
Can anyone let me know when the accounts will come out?
BigBiteNow
Posts: 2,593
Observation
Opinion:Strong Buy
Price:8.98
View Thread (8)
Lest We Forget
Mon 20:26
Shares in issue 28th February 2016 = 484,337,438
Shares in issue upon completion of 26.6% interest in Vametco on 30th March 2017 = 736,096,370
Shares in issue when the convertible bonds deal was announced on 25th Sept 2017 = 806,737,694
Shares in issue today = 899,775,456

Atlas have £5m of shares to convert over the next 12 months or so. At ,what would be for me, a lowly circa 12p average conversion, there would be an additional 37.5m shares. Thus giving a total number of shares of 937m. Add in the 34m warrants and we are at 971m shares in issue.

Thats near as damn it 100% dilution to take BMN from a junior explorer to the owner of 59.1% of Vametco, little or no debt, circa £40m plus profits per annum, and an organic growth strategy that will deliver even greater expansion without any further dilution, and all inside 2 years.

And remember that that 100% dilution includes the 41m shares issued to Erongo.

The Atlas deal may right now not look like the best piece of business BMN ever did (I for one believe its a lot better than it appears), but in terms of taking the rough with the smooth, I'll take it all day long.

In my opinion, one should keep one's eye firmly on the prize and the true achievement here because it far outweighs any negatives that one may or may not have occurred along the way.
Nickderby
Posts: 3,314
Off Topic
Opinion:No Opinion
Price:8.98
RE: RNS
Mon 19:49
The warrant details are as follows.

Darwin 3,039,473 at 7.9p.
Darwin 4,052,631 at 9.9p.
Wogen 15,197,368 at 6.9p.
Atlas 6,332,236 at 14.2p.
Atlas 4,925,073 at 14.2p.
General 289,019 at 2.4p.

Total 33,835,800 warrants.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.