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Exactly endion - no chance of fooling us here 812K Buys vs 473K Sells so far today.

Ophidian - a fair point wrt to core samples - if it says 70m along the core that is always going to be less than 70m vertically downwards as cos theta is always <1 (assuming a surface which is not steeply angled).

What also seems hard to avoid from the pictures is the very strong magnetic anomaly that crossed diagonally between the upper and lower seam lines on the LHS of portion 3. This is the blue-black strip that also seems to align with a diagonal band of exploration holes. Evidently they are very interested in that region.

BBN - thanks for pointing us to those diagrams. One thing which jumps out at me is the fact that the apparent horizontal separation of the seams appears to get wider on the right hand side of the pictures and when you cross the faulting lines. This would appear to indicate that the seams are oriented at closer to the horizontal the further to the east you go.

This naturally leads one to wonder if as a result it will be possible to extract from Uitvalgrond 431 JQ portions 2 and 3 much more valuable ore in an opencast pit that has a limit of perhaps 100m depth.

Ophidian - what's your take on this ?

... off to enhance my mind with caffeine.

700K Buys vs 473K Sells so far

mywineman - thanks for closing the loop on this - however it is very strange that they should chose to do a Bed and ISA at a high price - normally they will do this right at the advertised Bid price so that the maximum number of shares are converted. However if you gave instructions that a specific number of shares are to be bought and sold then allowing the broker to choose the price at which these transactions happens (one Buy one Sell) is somewhat giving them the opportunity to position the pair of trades anywhere they like.

Out of interest is there a reason you chose to specify the amount of shares rather than the monetary value - if you had done the latter then it is likely you would have got a much tighter spread and a much lower average price - thereby making better use of your ISA limit (if you are near that). No advice given of course I am just saying for my two friends in south vietnam. DYOR

550K Buys vs 206K Sells so far today

at 8:29 and then 8:44

38.50 then 38.20p seconds apart. The first ones reversed off will the second batch suffer the same fate - also seems highly artificial

Well it was 99,999 of course so 1 share away fro 100K, which also looks somewhat artificial.

291K Buys vs 155K Sells so far (including the 100K in the opening auction)

Buys outnumber sells by 2-to-1, as usual

Endion - it bears repeating that the Chinese rebar requirements have barely taken hold yet and of course that still doesn't bring the quality of their steel up to the same levels in europe or the US.

That's one of the reasons why the US tariffs of steel imports will have such a little effect on china - because unlike the dotard in chief thinks less than 3% of US imports of steel actually come from China ( https://www.trade.gov/steel/countries/pdfs/imports-us.pdf - China not even shown on the graph on page 3 ! )

As a result Vanadium demand will remain strong, very strong for years to come. Someone who has studied this all his life is Terry Perles of TTP squared who has stated that by 2025 we shall need 45,000 tpa EVEN WITHOUT ANY ADDITIONAL DEMAND FROM VRFBs. That's 2 Vametcos per year for each of the next 7 years.

https://www.thebushveldperspective.com/blog/public-articles-1/post/vanitec-4th-energy-storage-meeting-part-1-274

A different question is perhaps how much Vanadium will Bushveld Minerals sell for steel production and not to Bushveld Energy for VRFB leasing. The answer to this will no doubt be 'all the rest' - so if they have VRFB's to make they know that those sales must come first as they are building a high value and long term revenue stream. Second comes the steel industry, which will always be there and needing Vanadium and is in a structural deficit. That is why they are expanding V production as fast as they possibly can.

Endion - the electrolyte leasing model eliminates the price of Vanadium from the installed cost of VRFB's so once that is in place the sensitivity is strictly zero

It means Garbage In Garbage Out - he is not being helpful just trying to make himself look intelligent or the fool. I cannot tell which.

Sanchez - indeed it has been very interesting to see just how generic the complaints from some of our more recent arrivals have been. There was one on here earlier today quoting Darwin as if that somehow proved something.

Most entertaining but really at the end of it such a terrible waste of that marvellous capacity that only humans appear to possess - imagination.

Ophidian - sure thing - 13th - 28th Dec inclusive I make it 42.87M Buys vs 38.29M Sells - a excess of 4.57M Buys.

However the Buys figure includes 3.96M of highly suspicious after hours 'Sells' on the 21st Dec ( https://www.thebushveldperspective.com/blog/public-trade-analysis-6/post/trading-analysis-21st-dec-2018-379 ) so if it turns out that these are simply games being played and shares just moved around between MMs (as I believe) then you need to add 3.96M to the original 4.57M figure to yield 8.53M more Buys than Sells.

Ninvestor - I do not think anyone can model the 'psychological' selling at 50p, 60p, 100p etc.

It depends so much on the expectation at the time of the agents who are left holding shares at the time - eg 30p was approached once, then twice and was then completely blown away by the third approach, but 10p was approached 4 times before it was ultimately blasted through, and of course 40p was passed through straight away without even a single approach.

Of course if there was any public evidence that statistically a particular rule worked then that of course would lead to its ultimate failure.

So you have the stark choice of having to choose between 1) believing something for which there can be no published evidence or 2) realising that the choice presented in 1) is not really an option at all but really a demonstration that you have asked the wrong question.

Chartist - do not confuse technical analysis with trade analysis they are very different.

Technical analysis as undertaken by you only considers the end day trade price, which can be easily spoofed and takes account of no first or second order trade correlations. Your so-called 'technical analysis' throws away all of the information from each day and summarises each day of trading with only 3 numbers.

Trade analysis on the other had takes into account all of the inter-trade correlations to extract an accurate picture of the nett flows between market makers and other participants in the market. This allows it to easily extract Market Maker behaviour which in illiquid markets such as AIM dominates the behaviour.

A great example is the rerate following the Erongo selldown which was predicted by myself and could not have been predicted by Technical Analysis - precisely because Technical Analysis has to assume that all the market dynamics are encapsulated within the existing share price movements, and precisely because it has no way to even consider that share owners such as Erongo may exist or have only finite (and well known) blocks of shares.

If you bother to read the following article you may learn something:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/the-end-of-erongo-260

Headancer - it is probably a combination of 1) already having a steady job and therefore not needing to be successful at investing 2) assuming that if anything important was happening they would already know about it and 3) assuming that the 'market' is in any way an efficient mechanism for valuing companies.

You will see that the combination of these factors guarantees that they will not become successful investors.

What these people do do is write copy for their relevant publications, for which they get paid - in these terms they may consider that they are successful.

As we here know they will all feature very thinly when the bushveld story is ultimately written and published.

Nice graphics there knutsford - do they have a company discussion forum ?

as requested:-

https://www.thebushveldperspective.com/trading-analysis-25th-jan-2019