focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Alfa, My email abbynparit@mail.com for your reference if you need any help in this matter.
Alfa, you published a plan to further bmn awareness in the market. It is a good start to the plan, and I had suggested to a marketing initiative over a year back too. I'm very interested in your plan and would like to contribute where possible. Du reach me. You have my email from before...
Hate autocorrect!! Please someone, provide a view on my question - Question - JSE listing If and when listed on JSE, will it be cross listing meaning will investors be able to trade their holdings in both exchanges?
Please sometime, provide a vote on my question - Question - JSE listing If and when listed on JSE, will it be cross listing meaning will investors be able to trade their holdings in both exchanges?
Keep going pdub. You have all the right to make your comments irrespective of disagreements. Those who do disagree, must, but respectfully.
If and when listed on JSE, will it be cross listing meaning will investors be able to trade their holdings in both exchanges? If yes, it means better liquidity for the share
Sells are drying up. It's clear lths will be in control shortly. The price will be back to 30s within the week.
Hi pdub, what is bmns holding in afritin? Thanks
👃. That was an Indian namashkar
Yes please 👃
Thank you. I suppose so too
Thanks Nick. Can they be bought in secondary market?
Nick, Alfa, can you guide on whether warrants in bmn can be purchased and if yes, how? Thanks
I suspect we will see mid 30s inching to 40 next week. Feel confident
Thanks Nick. My limited understanding tells me development of brownfield is significant investment. However as that is yet some time away, the cash generation from vametco could go towards fulfilling some of that. Rest could be raised. Is that a correct way of looking at it?
Alfacom, NickDerby, please can you shed some light on how do you see the JSE launch... Will new shares be issued or will aim shares be traded there as well. Id asked earlier but guess it got lost on the thread somewhere... Much appreciate it. Fyi..My holding hovering at 5.5
Alfa,NickD, much appreciate your insight to the below question... Thanks
Question. The JSE listing - would it entail the AIM shares to be traded there or would new shares be issued by the company to list on JSE. much appreciated any clarity on it.
13 September 2018 Bushveld Minerals Limited ("Bushveld " or the "Company”) Acquisition of Sojitz interest in Strategic Minerals Corporation Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated primary vanadium producer, with ownership of high grade vanadium assets, is pleased to announce that it has today completed the acquisition of a 21.22 per cent interest in Strategic Minerals Corporation ("SMC", an intermediate holding company of Vametco Alloys Proprietary Limited, "Vametco") from Sojitz Noble Alloys Corporation (“Sojitz”) for a total cash consideration of US$20,000,000 (the “Acquisition”). On completion of the Acquisition, Bushveld has increased its indirect beneficial interest in Vametco from 59.1 per cent to 75 per cent. Fortune Mojapelo, CEO of Bushveld Minerals Limited, commented: "This Acquisition is a significant achievement as it fulfils the Company’s undertaking to simplify its corporate structure in order to increase exposure to the underlying cash flows at Vametco. Vametco’s strong cash generation capabilities are demonstrated by the Revenue and EBITDA generated in H1 18 of ZAR 1,050 million and ZAR 521 million an increase of 139.1% and 429.6% respectively, compared to H1 2017. “The transaction is in line with our priorities laid out earlier this year as part of the US$22 million placing and sets the Company in an advantageous position to deliver on its strategy to grow into a significant, low-cost vertically integrated vanadium platform.” Acquisition Highlights The Company has acquired all of Sojitz’ shareholding interest and accompanying rights in SMC, the 75 per cent owner of Vametco, for a total consideration of US$20,000,000 (twenty million US dollars). The US$20,000,000 consideration payable comprises: US$17,500,000 in cash (seventeen million five hundred thousand US dollars) for the sale shares; and US$2,500,000 in cash (two million five hundred thousand US dollars) in full and final settlement of accrued but unpaid dividends on the sale shares; The Sojitz shareholding in SMC is acquired free from all claims, liens, equities, charges, encumbrances and adverse rights of any description, and together with all rights attaching thereto, accrued or contingent. Following completion of the transaction Bushveld, through wholly owned Bushveld Vametco Limited, will own 100 per cent of SMC and therefore have an indirect beneficial interest of 75 per cent in Vametco. Bushveld used its existing cash resources to complete the Acquisition. Rationale for the Acquisition The Acquisition increases the Company's see-through controlling interest in Vametco from 59.1 per cent to 75 per cent. The Directors believe that the Acquisition will benefit the Company and its shareholders for the following reasons: Increased exposure to vanadium, a commodity with compelling fundamentals: Robust and growing dem
Any specific reasons for this sudden rise? Happy to see it