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Lindon, pb940, There was an RNS on Feb 4 stating that Grafton/Duferco had dropped from 37m 3.12% to 35m 2.95%. As they are now below 3% no more TR 1s required and they will not appear on the BMN top holders list as they seem to be only posting those over 3% and directors.
Everyone will be pleased to learn that the bid is between 19 and 19.2 as it has been for an age. Volume seems to have dipped as everyone gets bored...again, mission accomplished I presume? Hopefully the selling eases so we are not ground down again.
@pb940, there wasn’t a RNS, probably because the reduction didn’t cross an a reportable inflection point, the info came about via the monthly top ten shareholders listing which showed up the fact that they reduced holding. However IF it’s them that have continued selling since then, they surley must have now dropped below reportable %. ... so how-come we not had a notification? Something seems to be missing from this story.
Pdub How are you doing mate? Yes, you are right was a trouble morning I am not underestimating his knoweldges But because of him (and his drummers around), anybody comes to this board here asking anything that they do not like, then fire on him/her It has been like that for years Plus all his conclusions of what is going on with sp, they were all wrong Hope you are doing well, as I have full respect for you
Could someone point me to the 2,00,00 million share sell by Duferco as I can't see it in any Holdings RNS on Bushvelds website for this year. I am tired though so it may be I'm be thicker than usual :)
It is symptomatic of a fast growth business that has done a large number of deals in a volatile commodity environment.
When you are making suggestions such as you have, why not try and consider how much Alfa has shared and how much you personally might have benefitted from that info, given how little you yourself share for the benefit of others. No one is right 100% of the time.
Jagadish I took resposibility long time ago mate I am just commenting on some people that they write here days and nights for years and their arrogant behaviour, and they are wrong People make the board here not to discuss anything except what they want to here
DL I think you got out of bed the wrong side this morning.take your own advice and chill.
Alfa is entitled to voice his opinions, and unlike many here they are founded on extensive research and contacts within the industry. Doesn’t mean that he or anyone else will always be right but only a fool would not give Alfa’s posts due consideration.
Sanchez599, It has been always like that for the last 2 years We get rid of seller and another one appears The guru Alpacomp here said, Duferco is not going to sell., they are respected parttner, blah, blah And when they sold 2 millions few weeks ago, he said they are use in it for tax money Can somebody tell him to go and relax instead of spreading BS all the time non stop
The valuation gap is growing because Duferco have been selling to recoup some of their capital at a near 50% profit (great short term business for them), and this has meant the SP has moved in the opposite way of vanadium prices.
It's a necessary evil linked to finalising the deal and will correct - potentially pretty soon given the volume to absorb these shares has been pretty steady. This is the perfect example of why sometimes the longer you are suppressed the bigger the re-rate ends up being because every day at these prices our fundamentals are strengthening and FCF is building.
It is literally Erongo all over again. Duferco couldn't care less about supporting Bushveld. This is ultimately a business transaction and comes down to money. Investors here have seen this exact situation before and should know what comes next. If you consider what is happening at Vametco in Q1, Eskom timelines and a rising price this could actually all dovetail together very nicely.
There aren't many nailed on rises on AIM. This next one is about as close as it gets.
And if you were Fortune, knowing all this was happening - you'd definitely be building towards newsflow when the selling finished..
Perhaps folk are insecure about trusting judgement ('fundamentals research') versus 'following the flow'? I'm sure many here are following a few companies that they deem currently to be under-valued within the area of energy transfer. I sure am. It has to be a given that there is a seismic shift in Global energy going on and into the future. There may well be a bubble in investment there at some point...but no-one really knows if or when that will pop. Meanwhile the magnitude of growth is an unknown, but it will happen. The raw materials element alone should be enough to turn heads as far as BMN. It is as they say a no-brainer. An alternative of dipping in-out of BMN based on moving averages and what-not would be too nerve-wracking in my view. Sure...why not use a rear-view mirror to assess that strategy (!) But each to their own.....
After an encouraging tightening of the valuation gap when the share price rose from 12p in early December to 20-24p in January, the share price has failed to perform as expected.
On 8th Jan for instance, the share price was 22.9p when the vanadium price was just over $25kgV. Vanadium prices since risen almost 40% to $35kgV and yet the share price has somehow fallen to where we are now. It makes no sense.
Based on the huge vanadium commodity price increase alone, you would expect the share price to be 40p. Easily 100% from here.
This is ignoring all the non-mining activities. Ignoring the likely Eskom contracts. And ignoring the almost inevitable increase in the Vanadium commodity price.
If V prices rise to $45kgV+ like expected, if we win the Eskom BESS contracts like we hope, and certainly if we then re-brand, we can realistically expect to rise 500-1000% from here.
May sound rampy but this is a life-changing share. And this widening of the valuation gap in recent weeks should be viewed positively as an opportunity to buy / load-up at these bargain prices whilst we still can.