We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Great post Sanchez.
I have yet again written about our frustrations to the board. I am sure many others have also. Not expecting a reply..but lets see.
I very much agree with your reading of Fortunes comments during the broadcast. Production for Q1 2019 and Q2020 broadly similar. The Electrolyte Plant was progressing and I was also left with the impression that Bushveld is a Tech Battery producer just waiting for Government news on ESKOM generation projects.
For fundamentals its worth looking at the latest Sp Angels flashnote, interesting that for next year on sales alone they are expecting Bushveld to bring in over $200 million!!, whats our Mcap again???
http://www.bushveldminerals.com/wp-content/uploads/2020/05/Bushveld_Q1_Production_2020.pdf
Im with you Sanchez, I looked at ITM with similar valuation in 2018 and we should have followed the same trajectory to £1 mark if they are £2.60. Both looking to expand into the energy storage market while one is making serious money at the same time.
I take nothing away from ITM as a company just think BMN should be weighted equally taking all positives and negatives into account. I know Richken is invested and I am sure you will agree BMN should be following a similar rise with all those top notch RNS's this company had since the spike.
Our rating by said broker last year was 82p and we only had the one plant at that point so now having a lower rating with two producing plants is a total farce.
To me its so obvious the direction fortune is taking the company in , Battery Battery Battery all the way, this is the platform that will launch Bushvelds value to Tech stratospheric!! Some people might remember several years ago that fortune said to me the share price would go higher than 30p, that was in the days when we just had Vametco and vanadium prices were not much higher than they are now.
Fast forward to today and we have such a more sleek improved operation, as an operating company we have the following
1. Sales for Vametco 898 tonnes Q1 2020 up 77%
2. production cost down 8%
3. Cash in the bank as of 31st March $34.4 million
4. 1st Sales for Vanchem 182 mtv for Q1 2020
5. On track to produce 8400 (10000) tonnes per year within the next 5 years from Vametco and Vanchem.
6. Current earning yield = +51%!!!
All the above is the backbone to Bushveld becoming the no1 Worlds intergrated Battery metal Vanadium producer.
As a standalone miner our value now should be at least 4 times higher than it is now, in fact SP angel broker rating is currently 54p and John Meyer thinks we are so much undervalued too he put his money where his mouth is and recently bought in.. Question is the market cottoning on? well the main herd are chasing quick buck pharma rainbows, but last night alone I found and posted 5 buy ratings , as I said its obvious we are in a bull trend now.
Excellent post Sanchez559 and recommended! AIM is definitely broken.
14p shares and a paltry Mcap for a company that is demonstrably sat at the heart of both the SA mining industry and SA's energy transition beggars belief.
The gap between AIM's patently ridiculous valuation and reality of what BMN relentlessly achieve is becoming a chasm. It's actually getting quite embarrassing how ineffectual and degrading AIM is for BMN. You simply can't reconcile a company making continuous and majestic progress whilst its share price retreats month by month. It is a sign that something in this market is dark and very broken. Especially when juxtaposed against some of the paper-thin stories multi-bagging lately.
We are literally streets ahead of the company that we were in 2018. The list of achievements backed up with really consistent financials since then is insane.
Ignore the numerous swing traders spouting nonsense like we need BE news or $40 V prices to rerate. That does a huge disservice to what the company has built. High V prices are not even what this company wants anymore. VRFB needs steady pricing and that is what we have.
What people should be focusing on is simply getting recognition for what has been achieved since 2018. That alone should see us surpass 2018 highs. And yes we should be above 50p. Right now.
I have 100% faith in Bushveld and 0% faith in AIM.
Fortune said Comparing Q1 2019 to Q1 2020 Impact within the steel sector in China was found to be very minimal, Interesting that the host and Fortune both mentioned how China is one of Bushveld main customers? how much they send there Im not sure I think USA is approx 53% so China cant be trailing much?
Fortune saw the situation now as a great opportunity for the government to set up an infrastructure stimulas for energy sector he seemed very pro renewable energy with his goal of making Bushveld supply 10% battery metals World (meaning Vanadium)
In regards to sales during the crisis there had not been much effect from Bushvelds customers, seen continuos demand -there still ordering!! he reiterated how due to the size of the product relative to cost per tonne made Bushveld very nimble in terms of transporting and exporting vanadium overseas.
Talked about leveraged value chain with significantly less cost for converting vanadium into electrolyte.
The overall impression I got was that Bushveld is a Tech Battery metals producer !
finally something of note...
Roger Baxter - 0.1% of global exploration in SA ... regulation change is too much. Long term investment need a lot of long term predictability..... a lot more stability needed to attract higher inward mining investment
HS .. nothing so far ... seems a bit of consensus about bringing manufacture and more of a supply chain back to SA and leverage the mineral resources particularly around battery manufacture to do this ..
Nothing earth shattering so far
If anyone picks up any new gems from the interview or general sentiment let me know. Toddler care means It is hard to know when I get a free minute so did not register.
A few inaccuracies in that report.
AIM in 2017? Could have sworn I invested in 2013.
Ah well!
The pun opportunities alone are worth it!