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Started: IsleworthSpy, 20 Jun 2024 19:48
Last post: NatResInv, Today 11:40
Showing as massive green bar on the volume profile (last time volume was that high we re-rated hard).
Could be both a sell and a buy … but with an exact same total - it is imo more likely to be a transfer. .
Or is it more likely a transfer between accounts?
Orange Trust, BVI or Acacia must be selling as those two sales total more shares then Orion own. I don't think SPR would be selling, unless they have achieved their aim and are bailing. Should get a TR-1 tomorrow or Monday.
That is one sizeable rollover, for a company apparently on it's last legs. Why risk 350 grand if the shares are soon going to be worth nothing?
Somebody, other than me, must still have faith.
Mustang Energy PLC Application for Admission of New Securities
Source: RNS Regulatory News
RNS Number : 2753T
Mustang Energy PLC
20 June 2024
As referred to in the announcement dated 20 November 2023, MUST issued an aggregate of 1,880,366 ordinary shares to Bushveld Minerals Limited ("BMN"), comprised of Backstop Shares and Facility Shares (such capitalised terms being as defined in the aforesaid announcement and together being the "BMN Settlement Shares"), pursuant to which certain obligations of the Company then owing to BMN were satisfied.
The BMN Settlement Shares were issued and allotted to BMN on 16 November 2023, and an entry was made in the Company's register of members confirming BMN as the holder of the BMN Settlement Shares.
The announcement stated that application would be made for the BMN Settlement Shares to be admitted to the Official List. It has come to the Company's attention that the application was not made. The Company has therefore today applied to the Financial Conduct Authority requesting that the BMN Settlement Shares be admitted to the Official List. It is expected that admission will become effective at 8.00am on or around 25 June 2024, but the shares will remain suspended.
Started: BeggarManThief, 15 Jun 2024 11:34
Last post: Lamps56, 20 Jun 2024 13:46
The ‘market’ seems to have an alternative view. Knives out for RSA miners this week, despite pitiful trading action.
Terrible place to invest they said, far too risky they said:
https://www.news24.com/fin24/markets/jpmorgan-double-upgrades-sa-to-overweight-as-jse-rand-rally-on-post-election-optimism-20240618
It was openly admitted many years ago by MN that the Nitrovan premium is negligible and would be continued at the same rate of the prior agreements levied by the sellers.
It was something BMN took on board when they bought the site and agreed to also appoint them as their agents. That arrangement is supposed to end and SPR are due to takeover all aspects of agency when the current contract finally expires.
As for V prices … imo. …. $35 is the break even point after all in costs - and there needs to be at least an upsurge to $40 with a clearly defined ongoing certainty that it will keep going up from that price point - $45 is a price I believe will be required before the company can start to believe it has a realistic chance of not only surviving, but starting to have the wherewithal to start paying down the debt and progressing to much safer level stand alone on its own 2 feet position than it is currently.
Fair enough Paul, I thought the most recent US update had it just above $28/kgV and Europe $27.5/kgV, something like that but I'm not following so closely anymore so might be wrong.
Still think it's probably close to that price though.
Https://www.investing.com/commodities/ferro-vanadium-80-min-united-states-futures-historical-data
Nitrovan carries a premium to that (not a big premium mind)
Last post: Alleycat1, 13 Jun 2024 14:53
Last one here please put the cat out and turn off the lights.
You’re new here aren’t you?
Top of the gap window at 1p ish, once it clears this resistance here it will move quickly through the gap as they act as a vaccum for price to move through. That's if the move is UP of course, as we all know there's no guarantees.
A ‘breakout’ to where 😂.8+ would be a breakout at these levels
Close to a breakout IMO
Started: pb940, 12 Jun 2024 08:06
Last post: BenAlder, 12 Jun 2024 12:18
Vanitec propaganda.
"demand for vanadium in energy storage reaching record highs, surging 60% year-on-year in 2023."
60% growth from such a small base is negligible. Probably installed 2 in 2022 and 3 in 2023.
Niche product.
Started: broomtree, 6 Jun 2024 10:58
Last post: NatResInv, 6 Jun 2024 13:38
Yep, think this is the 'hated rally' where most are bearish and dont believe in it, which fuels the rise. Ultimately if there's positive news on the horizon and someone has the inside track, this will get front run (possibly what's going on now perhaps..).
Time will tell, let's clear and hold above 50 DMA first.
Thought I’d change the heading as it was a bit outdated 😂 dare we think above 1p is possible?
Started: Lamps56, 3 Jun 2024 21:26
Last post: NatResInv, 6 Jun 2024 09:55
PI's so bearish for so long they will miss this move, good luck hoping for a large pull back, IMO they wont get it
0.85 to buy atm
BOOM and there it goes, when it moves, it moves...
Sell pressure subsided, likely those that wanted to have. IMO SP is base building above EMA 20, looking to make a run for the EMA 50 at approx 0.85p, although could consolidate here for a while.
DYOR.
That is the EFF nutters
Started: Lindon, 5 Jun 2024 17:46
Last post: Lindon, 5 Jun 2024 19:07
Pretty much the same as makes no material difference.
Just ups and downs continually bumbling along.
https://www.asianmetal.com/Vanadium/
@ Lindon.
Are they lower than mid April this year?
Vandium market price spring buds pretty much wiped out again this week, but no problem, I’m sure we’ll be informed when they bump back up again next week.
Started: NatResInv, 3 Jun 2024 14:17
Last post: NatResInv, 3 Jun 2024 15:28
Yeah, 4.5p. You say that but if they had no choice to avoid insolvency then as much as it’s painful it had to be sold off.
I think a lot of the negativity surrounding this relates to the fact many investors will wonder if they can recoup their investment from BMN owning Vametco alone, and that’s assuming that doesn’t also get sold off. Haha, flipping AIM, what a nightmare!
I take it you mean 4.5p? Not sure if anything could be considered great. I believe that what is left with most things having been stripped away, will be sold in due course. I think it qualifies as a gamble more than investment at this stage.
0.045 average now - not great, but could be worse I suppose.
Where we go from here, who knows, I've given up trying to call it. I wont lie, it's been a nightmare of an investment, but once your in, your in.
GLA to all still invested.
...........
Started: Lindon, 3 Jun 2024 09:28
Last post: Lindon, 3 Jun 2024 09:28
RNS Number : 7453Q
Invinity Energy Systems PLC
03 June 2024
New facility will quadruple Invinity UK manufacturing capability ahead of launch of next-generation product
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce that it has leased an additional manufacturing facility in order to meet the growing demand for long-duration energy storage in the UK.
The 26,000 sq. ft (2,415 m2) facility located in Motherwell, North Lanarkshire is c.6 times the size of the Company's existing facility in Bathgate, West Lothian and is expected to increase the Company's UK assembly capacity to over 500 MWh per year. The new Motherwell facility will be primarily focussed on battery assembly, allowing Invinity's existing facility in Bathgate to focus on the manufacture of the Company's patented cell stack.
https://www.londonstockexchange.com/news-article/IES/invinity-expands-uk-manufacturing/16498776
Started: Lindon, 31 May 2024 16:34
Last post: Lindon, 31 May 2024 16:34
The Competition Commission has approved the acquisition by Southern Point Resources (SPR) Fund I of Mokopane, the holding company for a mining right in South Africa’s Limpopo province.
SPR Fund I was established as an investment fund by the SPR group, based in London, for mining projects in Southern Africa, particularly green metals and transition metals.
SPR Fund I is acquiring Mokopane from Bushveld Resources – a subsidiary of Bushveld Minerals.
Mokopane’s mining right allows for the extraction of minerals including vanadium and titanium.
The transaction involves Bushveld selling its 64% interest in Mokopane to SPR Fund 1 for $3.7-million.
The Mokopane project is located on the central portion of the northern limb of the Bushveld Complex with resources and reserves of 298-million tonnes, grading from 1.6% to more than 2% vanadium oxide.
SPR Fund I’s acquisition of the interest in Mokopane forms part of a proposed package of interconditional transactions, which would provide a cumulative investment by SPR into Bushveld and its subsidiaries of about $70-million.
The companies also agreed to a sale and marketing agreement whereby SPR will carry out all marketing and sales of vanadium product produced at Bushveld’s Vametco and Vanchem plants on an exclusive basis.
https://www.miningweekly.com/print-version/commission-approves-southern-point-resources-mokopane-takeover-from-bushveld-2024-05-30
Started: Range_Rover1990, 31 May 2024 16:12
Last post: PD101, 31 May 2024 16:16
Can't buy 2-3p again now approved?
Back to pennies
Started: Jenforluck, 29 May 2024 11:10
Last post: broomtree, 31 May 2024 14:33
Job done now let’s get on with trying to salvage some value out of this
Get over it. We live to trade another day.
Together with confirmation that CC is stepping down too...
It has passed comfortably - just waiting for rns confirmation
If the vote does go through then it will be curtains for Bushveld as the Board of Directors have made sure that SPR get to walk away with the best asset whilst BMN is left with the Orion debt. It will only be a matter of months before Vametco goes the same way as Vanchem. UK shareholders have been stitched up by the Board.
Started: NatResInv, 31 May 2024 03:20
Last post: NatResInv, 31 May 2024 03:20
Started: NobbyD, 30 May 2024 15:07
Last post: NobbyD, 30 May 2024 15:07
So... will the turkeys be voting for Christmas?
Started: Larky, 28 May 2024 10:50
Last post: Compoundinterest, 29 May 2024 10:57
Vanadium Prices Recovering is a long game, short term issue is BMN balance sheet needs cash injection to survive. No one besides SPR are interested in handing over cash to CC.
Funding options are limited... rights issue won't go far enough with market cap at just 16m... a raise would cause significant dilution to existing investors. At current cash burn, raising a few million is meaningless anyways which will only last a few weeks or months. So Craig doesn't has many other options but to sell Vanchem on the cheap which is not the ideal either way. Can only blame previous management aka Fortune for the mess he left BMN in.
GLA, imo,dyor.
It has to or there won't be any primary producers left. Maybe the Glencore Rhovan mine being shut will help boost prices further.
Largo reported a headline $13m loss for Q1. Dig a bit deeper and you see that the numbers were vastly bolstered thanks to having a large stockpile to sell. Stripping out the stockpile the loss for the quarter was ~$28m!
A particularly difficult quarter due to kiln refractory being replaced but does show just how tough it is for primary producers.
Don’t think there is any dispute that the price is still too low for BMN, but there do seem to be some Spring buds.
https://www.asianmetal.com/VanadiumPrice/Vanadium.html
No harm in looking for the positives but vanadium prices are still very deflated. Take the US, which is the most important market for BMN. FeV has ranged from ~$26.5/kgV to $35/kgV over the past 12 months and right now it's ~$28.5/kgV. So not the bottom but not much above. Similar story for Europe.
Just waiting to see the first post to rubbish a possible up turn in vanadium prices, why should we ignore Asian prices, where does Russian v go? Indirectly Asian prices do impact the global price, you just want your own narrative, sad…..
Started: Compoundinterest, 28 May 2024 09:24
Last post: Lamps56, 28 May 2024 10:47
I believe that those with a vested interest in seeing the deal through have an a unassailable percentage of the vote.
Lamp - Hope prices continues to go up sustainably for the sake of shareholders but it's not enough in the short-term if shareholders don't vote in favour of the disposal of Vancham as Craig fired warning shots that if it doesn't go through he has no other option but to put this into admin... we shall see AGM on the 31st. imo, dyor.
Thanks for that detailed analysis Compound. You might of added that Vanadium prices seem to be recovering.
The company has gotten into deep sh.t, Balance sheet complete mess. Shareholders cutting loses... CC not in an envious position selling core assets to save the ship. Previous CEO pursued self-interest and ran away.
Ofc. Vanadium prices at these rates not helping but they dig themselves into this hole in the first place. Not for the faint hearted. GLA, DYOR.
Started: Paludina, 27 May 2024 10:09
Last post: Yuri.F, 28 May 2024 09:54
Looking at what's going on with Bushveld is really disappointing, I was keeping BMN on my watchlist as potential investment opportunity 4 years ago at around 12p naively thinking what sudden dive in net profit was just temporary, but thankfully some early redflag triggers held my hand back than preventing a costly mistake, now it is painful to see all this deterioration of equity even for educational purposes.
Well that wound them up didn't it?
yeah, a self-fulfilling prophecy that abruptly ends when the shares are suspended. still, paludina's always had **** for brains. he thinks sales equals profit.
He said it, there is a really nice U shape forming... If you have enough ppl trading based on letter shapes it can even become a self fulfilling prophecy
How can they possibly predict the SP will double next month when the company is on the verge of administration? Utter morons.
@bonxie - via Vanchem becoming a Bushveld customer.
I expect SPR (et al) have figured most PI's will sell on a bit of upside.. they might pick up total control very quickly and easily
In the RNS it says that the proposed Vanchem disposal would "Allow Bushveld to have some residual exposure to value upside in Vanchem."
How does that happen?
Lamps - agree, getting very murky indeed, I think something like this was obvious but there’s too many fingers in this pie and now the dreaded one is back! I’ll take my chances with Craig, certainly happy with a bounce today, exit plan in process!
I’m ignoring all of the conspiracy theories and taking the detail of the RNS as ground truth. The bottom line is that if the company goes into administration, our remaining stake is toast, and I am not prepared to take that risk.
Started: HotblackDesiato, 24 May 2024 18:35
Last post: HotblackDesiato, 24 May 2024 18:35
Nothing suspicious about that price movement followed by a robust RNS from Coltman. Hmmmmm, someone's being played here.
Started: Uksteveg, 24 May 2024 12:00
Last post: Skibba, 24 May 2024 18:01
@concious - I agree with much of what you say. I would only add that perhaps SPR have only acted the way they have due to encouragement from the board of BMN?? I too voted against, my shares are worth pittance now so if the company goes pop, I’ve pretty much lost the anyway!
Halifax required votes to be cast by today so yesterday I submitted my vote against.
I believe SPR have deliberately done much to force us into the corner we find ourselves in so that their proposal offers us the apparent choice of survive (for now) or bust.
SPR haven't done this on a whim or by chance, they have planned and orchestrated the situation to their benefit over many months.
I have no faith or trust in SPR, and am even sucpicious that their plans for us may not end with the complete disposal of Vanchem. Having put this much time and effort into turning the screw, weakening us, and distracting the BOD from other potential options why not continue to do so if they feel Vametco may be of value or benefit to them?
If their offer secured Bushvelds balance sheet for the next 12 -18 months, OR if they took/dealt with a significant potion of the debt we have amassed due to Vanchem, I may have voted differently.
By voting against, Mojapelo risks losing his entire shareholding if the company goes into administration. There now appears to be a power struggle hiding in plain sight, further signified by an alleged takeover hidden from public view. Strong whiff of corruption here, par for the course in South Africa.
I always thought that FM was in the background somewhere and this is really a battle for the mine assets. I think CC has been brought in to secure those assets for interested parties, thinking back Kirkwood must have had a big hand in getting him in and FM out.
Not sure how the vote will go but if spr do have voting rights then that will probably swing it. Too much remains a mystery about them. KS now appears in favour , although his ramp on the sp has gone from 10p to 7p, I think he will be happy to get his money back. However the speculated proposed bid needs confirmation on what happened ( if anything).
FM certainly has the inside knowledge on whats been going on and I understand still has a substantial shareholding, although worth a fraction of what it once was.
This is all getting very dramatic isn’t it, almost as if it were intended so as to cause fear and panic among retail. Imagine if this was all one big scary shakeout of retail before a big rise.
Either that or it’s a trap, the majority votes against and BMN go bust and assets bought up on the cheap. But if they went bust how would that help the major shareholders…?
Last post: Ambiorix, 24 May 2024 09:30
Https://www.listcorp.com/asx/vr8/vanadium-resources-limited/news/over-100-percentage-of-phase-1-production-subject-to-offtake-mous-3030901.html
The chinese could buy from us instead of signing mous, it's non-binding but still impressive, it looks like the chinese are locking the vrfb value chain the same way they did with lithium off take for the upstream and building the industrial base ahead. if they lock in offtakes they will have stable sources or raw material
The protest is still going on at the Rhovan mine after more than 3 weeks now.
I don't know how trustful is asianmetal but according to it inventories have significantly decreased in China. ours are low as well, largo also sold more than they produced in q1 but had large inventories in their q4 report
Started: tekanalyst, 24 May 2024 08:12
Last post: hxulcolrdoh, 24 May 2024 09:23
Maybe it it was this person who made the offer ?
https://youtu.be/TfMt3HN8tuY?t=13
Wasn't this raised about a week ago? No company response (yet) and also the issue of SPRs status as being both a shareholder and debtor still needs clarification.
Something remarkable yesterday - https://twitter.com/Paludina/status/1793572801129148706
Why is there no discussion of this here ?
Last post: Lamps56, 24 May 2024 07:04