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They are not updating the market, the plan is clearly not understood, as the buying would overwhelm the "selling". Market cap is below asset value, no one is going to buy in as the sp is on a string, the current situation is just confirming the fears around SA investment and all the risks it entails. And yet... silence!
Just a note for future reference.
This board is fully capable of discussing good and bad about the business when the conversation is between genuine shareholders.
Thank you to everyone who has contributed. Very civilised.
The last reply I got from Chika was a cut and paste ....
Good afternoon,
We share and understand your frustration around the share price. As a management team, we are focused on what we can control, which is: ensuring that our strategy is clearly articulated and well understood, execute and deliver on our strategy, meet our targets by growing our production base while driving cost reduction. Our views around the vanadium market have not changed, and the fundamentals remain robust.
We will continue updating the market on our plans and developments accordingly.
I agree and have emailed Chika again to mention this. I very nearly went through and took a load of quotes from this thread as this isn't trolls this is long term committed holders who the company have a duty to look after. We own the company after all. Chka assured me last time that they were committed to providing long term shareholder value and I firmly believe they are. People buying in now are getting a really good deal. But they should be paying much more attention to the short term as well.
And it's clearly not all the companies fault. Covid and South Africa generally don't help. But there should be more tweets and more minor update. Here we are breaking ground at East London Electrolyte. Contract awarded to X for X to do with the battery. We just get so little engagement. I'm all for under promise and over deliver but that doesn't mean silence and the occasional tweet.
I'm also all for driving institutional investors on board but that doesn't mean failing to engage with a large PI base is OK. Anyway, as I said, I have emailed Chika my concerns and I suggest we all do so as it may help get something done if we are unhappy about it.
The board are choosing not to react/comment... I have mailed very politely several times with no response and am thoroughly dismayed now. All will come clear, backs are being scratched no doubt. I really feel sad as I felt we as a business were above the AIM game to a degree but it seems not and there is no explanation I can think of that makes this look good, I have tried from many angles
Its such a shame that confidence has been allowed to erode over such a long period of time. I do believe Alfa, Sanchez etc are correct and the share price is being played in a nefarious way.
Having said that though the communications coming from the company have been poor and this has played into the hands of anyone looking to manipulate the share price. They do not spend the time celebrating the successes and I feel piling updates together is taking away from any form of share price momentum. Not to mention perceived delays / miscommunications in mentioning a dividend policy (I am glad we purchased Vanchem) and the JSE listing (Covid will have played a part in the delay).
The interviews where Fortune talks about being grateful to shareholders who have come on the journey and he know what can be done in the share price feel very hollow with their approach to comms.
I am and will remain a long term holder, but it does sadden me to see respected LTHs potentially having to diversify outside of this share due to what is currently happening.
Then think what will happen when it seriously re-rates and those that sold all suddenly think, actually I wasn't wrong about Bushveld and jump back in.
Anyway just my thoughts. Feel free to agree or not.
..but no TR1?
...its also the LENGTH of time that this has been going on for that is difficult to explain. They would need to have built a Leesonesque short by now.
It erodes confidence, (see posts today) causes more sells that would never have happened at these prices and thus offers a hugely attractive entry point with a greater float. All these shares are going somewhere.
Sanchez. I'm probably stupid, but explain it to me. As far as I can see, there are very large sells on a daily basis. If real or as part of a naked short, how does that assist an II buying in ? At some point you would have to buy all of these back at a loss? Who funds this?
It's important that you also remember that the MM's set the price. It is the city boys playing us all, not Fortune. They know how many shares are held by retail. They want that to change.
I want to see action as much as the next person, but it's important we acknowledge the real situation. If the SP was around the 30's going into this period, most people would be relaxed. This is about the way those who set the price are so comfortable robbing retail shareholders for whoever their larger customers are,or perhaps even the long they wish to have for the inevitable rerate.
Covid is giving cover for a South African heist to play out.
Look at the progress the business has made. It's an insult to the entire principal of markets that our progress has lead to an 80% fall.
JMC. Great analogy. But i wouldn't be able to start to explain how/ why the company would know exactly what is going on and be complicit in just letting it ride out. The Duferco conversion will involve very significant dilution at this price. It will then leave us open to months of "orderly disposal". I dont think Alfa is necessarily correct that they would want to hold. Fortune and BOD could prevent that by announcing a small "exceptional" dividend on the shares late October. There are other things which have been spectacular own goals. Near 16 months since JSE listing noted. Nothing on Imaloto. No BOD buys for years even when the SP languishes at a price that makes no sense. I'm increasingly fed up. FM may be a great deal maker but there are increasing concerns about the rest of the management of the company.
Feeling a little deflated too especially after seeing another 500k sell appear at 12p!!!
I feel the need to stress that I've never thought Fortune to be anything other than absolutely straight and honourable but that doesn't mean to say that other exerting forces beyond his control aren't so. I think we'd all just love to know the 'who' and the 'why'.
In other news, many congratulations Pdub - I truly hope that you and Mrs Dub are able to spend many more happy years together.
I remember Compass being p1ssed off after Vametco that people were able to get in at 10p. I imagine the same feelings must be returning seeing people able to build a stake at 12 p post-Mokopane license, Enerox, Vanchem and InVinity. In an ethical world, (which this isn't), this blatant control and manufacture of our SP by the MM's would be illegal.
There isn't a simple answer to that Fekir. in 2017 I had 11.5m @3.3p average but I have traded via T20's in the millions making money when Bushy was on the rise & losing when I stuck with it throughout most of the fall. I must be maling a gain but it sure doesn't feel like it.
The performance here is mystifying to me. I mean, yes, the stock does seem to track the price of Vanadium - But there seems to be no recognition in the market of how the company is transforming itself into a major all-round player which will be very well-positioned for the coming decade.
Despite the fact we have been consistently profitable (regardless of VP) the Mcap barely exceeds tangible book value.
If thats the case then how can it be legit if comment is to be avoided? IT STINKS!
500k buy, no tick upward pressure, someone being let out or indeed in.
Just put strong sell for opinion in this post.... little rebellions eh ;)
Don't worry, the share price will take care of itself. Right now that feels a bit like watching your child fall off a cross channel ferry and saying "Nah, he'll be alright - he's a good swimmer".Â
After nearly seven years I've still no intention of selling any time soon but I confess I'm worn down by the seemingly endless conspicuous trade manipulation, bottomless pit of shares magically available for sale, some of the disingenuous bull$hit posters that turn up here and complete absence of response from the company. I can only conclude that they know exactly who it is, why it's happening and what the intended end-game is but have to play the game and simply cannot comment.
If the board do not note long term holders query and selling then there is no hope.
I was really hoping to be able to slice my starter stake 2.5 years in to help with a house move. As it stands I am ÂŁ30k and down would have been half a million quid better off to keep my GGP shares... haha gotta laugh really.
Please respect us PI's Bushveld Minerals, I know we always come last in this game but we really have promoted the business and given what we can. Everyone I know understands VRFb and the grid revolution coming.
Knuttie,
Did you sell for a profit since I assume you bought these years ago before the rise to 50p
12p wtf
Totally agree Sanchez, if they don’t know what’s going on in the background they should have made it their business to find out. In my opinion it shows a disregard for PI’s, especially LTH’s, how long have we been asking for better comms, and nothing has happened. Very poor show by the BOD.
(sorry that should read 20%)