Member Info for Alwaysone

Actually, it's $50 - $70, watched again - 2 mins 10 secs
https://www.cnbcafrica.com/videos/2019/10/01/why-bushveld-is-bullish-on-vanadium-despite-weak-prices/
No issue with electric though and Eskom ;)

With Bushveld trading at under half our NPV-based valuation (pre-Vanchem) and yielding an EV that equates to just 3.7x
forecast 2019 EBITDA, we think the current share price represents an attractive entry point.

It's OK, I found the valuation on pricing and full year assumptions here.
It is their job to try and build pricing into yearly forcasting for each year, or they would be blind numbers.
http://www.bushveldminerals.com/wp-content/uploads/2019/10/BMN_300919.pdf
This partly offsets it though if price doesnt improve to closer to $45

Sorry, ( inc $10 x premium to US)

Still no news as yet…frustrating

View this.
https://www.cnbcafrica.com/videos/2019/10/01/why-bushveld-is-bullish-on-vanadium-despite-weak-prices/

As many of you are so experienced on BMN, a question if I may.
Clearly, not all the share price is built around the Vanadium price and many other positive things in the company are exciting ( VRFBs of course etc) and will build substantial future revenues.
But looking back at the share price before the Vanadium price sure late 2017, is when the BMN price surged from around 5p to 45p. the Vanadium price was around $26 to a high of $135.
Then from early this year, the price has dropped to a current low of $22. The share price dropped from 45p, which was clearly over heated, down to 19p now.

How much of the share price do you all think is based on the companies main source of income. As it cost do produce of around $19.50 and sales price current of around $34 ( inc 10% premium to US) the revenue and margin feels quite tight don’t you think?

Unit production cost of US$18.90/kgV to US$19.50kgV is expected for the 2019 calendar year, underpinned by economies of scale.

The positive here, is that BMN sell to the US at $10 higher, as US won’t import from China.
Most of Vametco’s product sales in 2018 were to the US, where the price on average traded $10/kgV higher than in the European and Chinese markets. We intend to continue supplying to higher-priced markets in future.

Fortune feels that around $60/$70 is where Vanadium price will settle – but what about profits for this year end? Cash is good of course and future growth built into the share price and relatively low PE.

I can't really understand why everyone is so happy with say a 3% bounce from a YTD low. I'm a holder as you know but a but lost on all the jubilation. You will be happy soon though when the news breaks, which will be significant and before the year end....I was hoping by Christmas but seems not, so a bit put out. All rampingof course, check back in the New Year.

Old news I’d guess...,
https://www.energy-storage.news/news/uk-local-energy-market-trial-achieves-breakthrough-as-flexibility-trading-p

The 5% fall on 16/12 was partly due to this
http://www.ferro-alloy.com/en/news/113/
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/news-analysis.html?fourWayKey=GG00BGDYDZ69GGGBXSSQ3

Compass, great that you were in at levela of 1.3p and must have been scary for sure, but with a muli bagger, didn't you take some profits up to 30p/40p rather than purchase more? Just curiuos as well known to bag some profits on steep climbs, even if just original invesment monies

UKsteve, as others have said before, the BV share chart is very similar to the BV one - me also Steve

Could this be the ‘hold your hat’ I mentioned at start of week.....

All good here aside from shareholder diluting, well and price currently

https://simplywall.st/stocks/gb/materials/aim-bmn/bushveld-minerals-shares

Plus FYI, I was split on my first investment for years now on this, Countywide and Oxford Biomedical and added all to my tracker on Hargreaves. I know 3 weeks is nothing in investing but look at the other two now. But this will make me more money longer term. Mining and steel poor sectors at moment. I was looking for Palladium stocks originally and ended up with Vanadium here :) but still good news hence why I bought!

There’s loads of charts that say the same but really daft posting in here when I’ve got £15k ( at buy prices not now) invested. But here’s one as I sit in the pub, weekly drink before fish and chips!

https://stockinvest.us/technical-analysis/BMN.L

Still stand by it but just don't know exact timings, I'm guessing it might be Monday ;) Just annoying to buy in when it's the not the low, but as I said, professional traders will short heavily on this chart blah blah as you know. 22p - 19p won't really matter too much ....DYOR

LOUDspeaker - it linked to this post when first buying - this was a death cross.

Bushveld minerals cross below 200-day moving09 Dec 2019 12:02
Does anyone have an opinion on this aside from what the graph says? Aside from traders seemingly selling since Friday due to it as many treat as gospel, I don’t!

Bushveld Minerals Limited (LON:BMN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.81 and traded as low as $21.00. Bushveld Minerals shares last traded at $21.50, with a volume of 1,096,886 shares changing hands.

The death cross I mentioned 2 weeks ago , so fighting the shorters guide/trend but will beat it - as investing would too easy yes? Just follow charts ....
Sell candidate since 2019-12-16 Loss -7.29% PDF
Bushveld Minerals Limited fell by -1.50% in the last day ( Thursday, 19th Dec 2019 ) from £0.20 to £0.20 and has now fallen 5 days in a row. During the day the stock fluctuated 3.85% from a day low at £0.20 to a day high of £0.20. The price has fallen in 6 of the last 10 days and is down by -9.43% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4.98 million shares and in total 3.36 million shares bought and sold for approximately £661 692.00.

There are few to none technical positive signals at the moment. Bushveld Minerals Limited holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £0.21 and £0.22. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday December 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Bushveld Minerals* (BMN LN) 20p, Mkt Cap £228m – Enerox Investment update (Bushveld Minerals owns 74% of Vametco, 100% of Vanchem, 84% of Bushveld Energy in South Africa, 100% of Lemur Holdings, 9.5% of Afritin) Valuation 82p
• Bushveld Minerals report the signing of an initial sale and purchase agreement for the acquisition of Enerox with the four members of the Consortium each acquiring 24.9% per cent of Enerox for €150,000 from CellCube Energy Storage Systems Inc.
• The Consortium has also invested €600,000 in Enerox to fund ongoing working capital and is committed to three further staged payments of €300,000 in December, January and early February to bring the total initial investment in Enerox to €1.65m
• Bushveld intends to transfer its stake in Enerox to its 84% owned subsidiary Bushveld Energy Limited.
• The consortium has exclusivity till end-February to complete due diligence and now expects to finalise the agreement to acquire Enerox for a further €10.85m on a debt free basis.
• Bushveld Minerals expects to hold less than 50% of Enerox following the acquisition.
• Enerox is a well established Vanadium Redox Flow Battery manufacturer with over 130 installations to date. • The acquisition is part of Bushveld’s VRFB ‘VIP‘ investment platform strategy: ? Enerox – Bushveld are part of a consortium to acquire Enerox for €11m and may make a potential investment of 25-49% stake costing ~US$2.75-5.39m Enerox have developed a new VRFB sites. Bushveld is advancing interim funding of US$5m
? Avalon / redT – Avalon acquisition of redT to enable development of new VRFB sites. Bushveld is advancing interim funding of US$5m.

Valuation:
• We do not include any additional value for Bushveld’s involvement in Enerox and Avalon/redT though we can see the ‘VIP’ VRFB Investment Platform adding to our valuation of the group in future years.
• We maintain our valuation of 82p for Bushveld. We see lower risk within the group through the acquisition of Vanchem and development of the Mokopane mine which we see as diversifying the primary production base and have reduced our discount rate to reflect this. Vanchem has a number of discrete process plants which offer good flexibility in terms of production and product diversification. We have adjusted our assumed rand/USD exchange rate to reflect some further slippage to SAR18/USD from 2022. We maintain our valuation on Bushveld Energy at 8.4p/s. Conclusion: Bushveld’s strategy to buy into VRFB manufacturers and installers should give the company a commanding position in the roll-out of Grid-scale battery technology and could eventually see the group competing against TESLA and other Lithium-battery manufacturers in the Grid Storage space. (Dec year end)

I bought two lots at 22p recently and then 19p, money all in now. I did say hold your hats a few days ago. The charts, if you look up on any site are showing strong sell signals, which many traders follow of course. But they'll get caught out very soon. Today's volume a sign. Watch and see

Analysts at Peel Hunt said the Vanchem addition provides for a production growth factor of 1.8 times over the medium term while creating a "significantly more sustainable cash flow profile", with the acquisition offering potential for "further upside".

“We believe that BMN debt of less than US$20m for the purchase gives the company plenty of room for expedited expansion works,” analysts said.

On long-term prices, they said Vanchem's longer-term potential for underlying earnings (EBITDA) is "at least equal to that of 2018".

Marking to market for changes in ferrovanadium prices, this reduces 2019 EBITDA forecast 23% to £57mln but increased the 2020 estimate 10% and made changes closer to 20% for the two years after.

House broker SP Angel reduced their assumed vanadium price to $60 per kg for 2019 and 2020 due to lesser compliance with the new Chinese regulations than expected, though they expect "punishment of Chinese officials to create better compliance this year".

But it said the Vanchem acquisition offsets these lower prices.