Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks to Raz who has responded to my screenshot with the following narrative.
Thx LS. And at that lowest point of around $20kg back in Oct 2019 the SP was 22.75p... we are now at $35kg so SP is way behind the curve. If you then factor in our sales increase, production increase, Invinity, Enerox etc this just demonstrates how ridiculously undervalued we are.. a massive rerate is on the cards..
I've posted a screenshot over on telegram.
SteveG, we sold less then 10% of FeV into China in 2019.
The European FeV price on 30th October 2019 was $20.. $21 per kg, the lowest price that I have ever recorded.
Gambit - The price of V was $35ish late October 2019 based on Chinese prices which the company always use as a benchmark. In the accounts. I recall very when the price slumped over §5 in one day in October 2019 to around §30 , it has only got back to those levels in the last two weeks, 18 months later. Bushveld perspective shows Europe prices which in 2018 were around 10% to 20% lower than the Chinese price.
Gambit, there is a good possibility that the company can't put out an RNS stating what you wish, perhaps because there is a large seller and the company knows who it is.
The trader's sniffing an opportunity to make dollar because of S&D will also contribute to the cause.
On AIM you have to be ahead of the herd not in it.
Plus that was in a declining vanadium price market, where actually now we are in the complete opposite!!!
LS - Exactly what I’m saying and we will see how this plays out over the coming weeks and months
Sanchez unbelievable hey :-) who needs trolls ? UK steve - one slight flaw in the information you’ve produced ?? The last time vanadium prices were around the 35 -36$ mark was at the end of May 2019 when guess what??? Bushvelds shareprice was in fact 29p !!! Oh and since then we produce about a third more vanadium !!! + all assets , ies ,Enerox etc etc, enough said
That's true SteveG but the rest of the world hasn't started up their economies yet.
These rises are just coming from China having first mover advantage, the VRFB pipeline uptake as supberly presented by Mogwhy will also accelerate the price increases.
But there's no denying that the fuse has been lit,we saw what happened in 2018.
The vanadium price graph covering the last 5 years to illustrate the point I was making
https://www.thebushveldperspective.com/vanadium-prices
Who needs trolls when we have our own shareholders to dampen any enthusiasm on this sentiment-driven market.
Need to get things in perspective. The recent rise over the last few weeks is a good sign but this is not a 2018 rise (or more accurately spike). Not even approaching it. How much has the company made from the recent rises? This target figure of §45 per kilo ( I believe FM stated $50 a while back) is an average price across the year. Thats the methodology SPA use, and I’ve said before that any rise in the price of Vanadium will take weeks and more likely months to establish how sustainable and robust it actually is. If it gets to $45 or $50 by the end of the year then fantastic, let see where it goes.
Just for the record though the share price has not risen in recent months from 8p -25p ! 8p was back in March last year, oh and at least know who Malcolm Curror is :-)
I’m not interested in you you fool!
I’m not interested in your twattering.
I’m ‘real’. There is nothing whatsoever that warrants the company to issue an RNS saying there is nothing to worry about!
Just for you Lindon https://twitter.com/chicbeegee/status/1367837266224283651?s=21
Something that joins the dots between the Proactive interview and the Mining Weekly article would be absolutely perfect.
MMs seem a little trigger happy again .....in both directions. Something magnetic about 19p.
Lindon get real!!
I'd rather an RNS about future development and not one that'll dewll on the past :D
Whatever for? Totally disagree,. The sp has RISEN in recent months from c.,8p to c. 25p and had a retrace. Nothing more concerning than that.
21 May 2019
Bushveld Minerals Limited
("Bushveld Minerals" or the "Company")
Comment on Share Price Movement
Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated primary vanadium producer, with ownership of high grade vanadium assets, notes the recent downward movement in its share price. The Company confirms that it is not aware of any corporate developments that support such a movement. The Company notes the recent falls in the Vanadium price but believes the vanadium market remains in a structural deficit that will support higher prices in the medium to long term.
Surely we need another one of these especially as the way the price of Vanadium has now rocketed!!!