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up to a couple of years ago @Jelly there was a PI declared register ... there was no possibility of a TO on the cheap given the numbers.
Whilst I expect a number have sold down, others have bought in ..... a TO would take (IMO) a min of 3 figures as an offer (an that is now ..)
If possible, sell the iron ore. Help payoff the "loans" . Help stop the continuous drip of low ball sales that have the SP anchored down.
I don't get it......
Unless one is a short-term trader that's looking for jam today (!) surely THE bestest, most Golden opportunity is to find that 'unpolished diamond'....otherwise known as an under-valued company.
Bushveld is literally that...therefore even without taking on board anything else, it is a solid hold....all the while that story continues.
I personally am happy to hold all the while I remain convinced about their fundamental value.
If you say 'but the value may never ever be realised'...well, sure. But you can say anything in that case.
If you can find similar companies...hold a few, to reduce risk. I'm glad I have a few similarly-placed companies in the burgeoning renewable energy sector. Hold a few more mainstream companies too...mostly at highs, near pre-covid levels now....which helps ease some of the pain of paper-losses in Bushveld.
Pdub
It's an opinion, something you owners of this forum do not tolerate if it's not in line with your opinion. The share is not loved at the moment, that's a fact.
jelly if you have inside information to back up your wild claims, I like everyone else would be delighted to read about it.
If however you are simply a frustrated shareholder needing to invent an explanation for things that you don’t understand then I think you need to give a lot more consideration to what you write.
If you have an ulterior motive then quite simply … move on fellah. No one buys it.
On a general point, this BoD has no record what so ever of ‘playing games’. They have over the years focussed on building a profitable business around a commodity fit for the 21st Century. If that’s not for you no one would blame you for moving on. As others have said, any takeover would need shareholder approval and with so many shares in the hands of pi lth’s I think the price would need to be very high!
However there is not the slightest hint of such an outcome in the near future so you can sleep easy.
That's very grown up of you. Well done
Yes Uksteveg Regardless of what may or may not be “fully backed by the bod” ... any take over requires a 75% vote in favour by the folk who actually own the company.
But any move in that direction would be sure to start a very serious bidding war that would involving some very major players. Who knows where it would end up!
what a stupid post jelly. Into the filtered bin you go
I agree that is potentially on the cards, but any takeover would have to get shareholder approval
Bmn board are playing a game, they have zero interest in their shareholders. The lack of any Comms proves this. This unfortunately stinks of a takeover, fully backed by the bod.
The JSE listing is on the back burner at present, it is under feview and the company will update the market in due course. I have never thought that a listing on the JSE would make any great difference and it would have had more political weight when competing for SA / Eskom business. I did try and extract information from the company regarding the JSE listing conditions and the fact that it had to be currently listed on the main exchange (FTSE and not AIM) , but the company did not respond to that point which must have come up when they carried out the (expensive) investigation work.
Pdub* not PDup my apologies.
Patience is a virtue Daisydog and you seem to lack it with your continuous message of lack of communication. Yes we are all frustrated but your negativity breeds and new investors looking in will take note of this negativity and may choose to put their money elsewhere. I suggest sitting tight and when information is divulged by the board it will be something worth waiting for not just to please impatient share holders. Take a leaf out of PDup (sorry to name drop) he has a reason to want things to move forward more quickly than everyone else on this board but he his happy with the fundamentals of the company and knows we all will be rewarded.
...or lack of....I cannot help but feel that the BE element has stalled big time. As have other " priority" aims eg JSE listing. And in my view the company needs to advise investors what it is doing and whether there have been new priorities identified. If no JSE, why not - and what is the plan now. If Eskom drags on with further delays, what alternative commercial arrangements are being pursued? You cannot simply sit and wait. Id also like to see the FORMAL dividend policy set out. I accept there should be investment first of course, but investors deserve to understand WHEN any spare profit might be paid out. You could do that now by saying a fixed ( small) amount would be paid as dividend. JMO.