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LG, I did wonder whether a certain respected poster had been working hard on our behalf with the bod to instigate a response In respect of the growing unrest among the investors with respect to the sp performance? What caught my attention was a certain offer made to make sure a posters e-mail was delivered to Chika. Maybe I am right, maybe I am wrong!
GLA
As a management team, we are focused on what we can control, which is: ensuring that our strategy is clearly articulated and well understood, execute and deliver on our strategy, meet our targets by growing our production base while driving cost reduction, unlocking the value for Bushveld Energy. Our views around the vanadium market have have not changed, the fundamentals remain robust.
We appreciate and value your feedback, which has been shared with senior management.
Kind regards
Chika
Email sent to China yesterday.
Hi
Glad to see the deserving rewarded with shares today. Whilst acknowledging the progress made, what is your take on the current sp? I am watching my investment go down the drain! Are the bod free agents or are they curtailed by the SA political elite? It is inexplicable what has happened to the sp over the last 18 months. I am sure that you know the real reason, perhaps your generosity could extend to the rest of your shareholders who have supported the company.
Regards
A totally fed investor.
Reply received today.
Thank you for your email and for being a long term shareholder.
We share your frustration around the share price performance over the past 18 months. There have been several drivers affecting the share price, such as the softening of the vanadium price over the past 18 months and the Covid-19 pandemic.
We regularly speak with our brokers and trades. The feedback we have continually received is that most of the trading is from retail investors and retail accounts, with stop losses coming into effect.
For me, the interview highlighted not only what Fortune is up against but also the reason why the sp is where it is and likely to remain for some time. We all know that Fortune is a canny businessman, but he is up against a SA government that seems loath to overcome the obstacles that would release the potential of their country for the better. “Other countries are beating us to the punch daily, needlessly so”. As other posters have suggested perhaps SA is the problem for institutional investors.