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MM's, or GS still selling the other half of their shares.
Thank you, brasi!
Libero - on AIM it is simply that the MMs control the price to suit their ends. At the moment they are keeping the price low in order to try and pick up as many low priced shares as they can from bored PI's. Once they have got the long position they desire they will let it move up.
The long term solution is to get off AIM
I’ve emailed Chika again today about when we can expect updates on jse listing.....no joy last time but will post any responses!
Good post as always Sanchez
GLA
JMC69 - that's a superb post! If that happens, where we win the Eskom BESS contract and the share price doesn't justifiably rocket into the stratosphere, but actually results in a red day I think I may finally lose all hope!
Agree Sanchez, it's bloody bizarre. I'm getting fed up.
The disparity between the company's progress and how the selectively stupid market values us just gets more insulting by the day. IES, a company (who we all want to do well) that quite possibly wouldn't exist without BMN's intervention was valued at 75% of BMN's value today - how exactly?? Let's not even bother to go down those revenue and profits comparison figures again.
Gambit, logic hasn't ****ed off on holiday, it's not even quarantining - it's blinking well emigrated!
"...and finally, in (COMPLETELY FICTIONAL) business news and AIM listed Vanadium producer Bushveld Minerals was today awarded the entire of the first stage of the ESKOM energy contract worth an estimated x hundred million dollars. This follows on from this morning's announcement of a $250 million dollar a year vanadium offtake agreement with a Chinese consortium for the company's Mokopane resource.
The shares closed down on the day at 10.5p.
And now the weather..."
Musk ?
I am starting to think some entity somewhere has a vendetta against BMN. We have so much going for us and have made so much progress and yet have been penalised for every achievement. We are now being unfairly suppressed despite the fact that clearly we are part of what will be a global energy revolution.
I don't say this lightly, but there really should a be a stewards inquiry into how Bushveld have been treated by the market makers. It just isn't right.
I understand the frustration. Regarding branding, IES is listed in the Industrial sector (Electrical Components subsector) on the exchange and so it is clear that it should be valued based on its role in that sector, whereas BMN is listed in Basic Materials (Mining subsector) so many assume it should be valued as any other miner. If the vertically integrated model means BMN starts making more from non-mining activities (e.g. electrolyte leasing) than raw material sales, then at some point I imagine it would want to (or even be required by the exchange to?) change the sector it reports as. But should it do that now or after the revenue from those other activities gets big?
That's one incredibly long holiday!
logic would say that with there MC up 25% today and bushvelds 8% holding within that company then that should reflect here but logic ****ed off on holiday and hasnt come back yet!
Yeah IES flying. Madness. Not that I have a problem with the expectation that IES will do well. Obviously we all hope it does. But we are the architect of its existence and the driving force behind it all. And our investment in it is increasing in value. And yet ... nothing over here. Yet!
IES up to ~£90m MC now
Not like it changes anything in the comparison but for completeness sake, IES's NAV is £38m - roughly 50% of their MC.
Whereas we are trading at a considerable 10-15% discount to our NAV.
Maybe that's a bit long, Bushveld Green Energy might do it or just Bushveld Green
And our stake is worth more than 0.5m more than yesterday
IES now has a MC of £77m vs expiring year revenue of £0.3m
Vs
BMN with a MC of £125m vs expiring revenues of £116m and a NAV of £241m !!!
The mind boggles!
This strongly demonstrates how a rebrand would cause a MASSIVE correction in the share price.
As said before, I believe the starting point should be to remove "Minerals" from the company name, and we should collectively agree on a new name.
"Bushveld Vanadium & Green Energy Solutions" (BVGES) anyone?