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That’s terrible news pdub, really sad to read this.

As far as I can tell the Dividend Policy is not available to view, this is what was reported in May 2019

“The dividend policy reflects Bushveld Minerals' commitment to return cash to shareholders while prioritising its stated growth strategy. The dividend policy is based on a free cash flow pay-out ratio. The board believes this distribution approach is the most suitable for the company as it takes into account both growth and acquisition capital expenditure.
“The board will review the free cash flow generated by the business, the outlook for business conditions and priorities for capital allocation on an annual basis,” said Watson.

Given that free cash flow has been used for investment/expansion, and that the drop in V prices means there is less of it than looked to be likely at the time of this press release and that Makopane is going to cost a bit to develop and take some time, I’m thinking Divi a divi before 2023 is unlikely and it could be longer. If V prices double from here then could be sooner!

I do find you turning up to slate this very low volume share which doesn’t have much interest just prior to the permit being due rather curious. There is definitely more ramped shares on AIM with much higher volume and followings why do you choose this board to save us unwitting investors?

Not BMN related but interesting article on speculation bubbles and Tesla.

https://oilprice.com/Energy/Energy-General/Is-The-Tesla-Bubble-About-To-Burst.html

Do we have the foundations to be a future speculation bubble?

Another good quality summary RK

Thanks halespur , I think it’s great interview

It seems like solid q1 results and a conservative strategy in circumstances which is appropriate. I’d expected to see a steady rise back to 15p today, but the market thinks otherwise! I can’t understand the SP drop today. I’m confident it’ll be a short lived dip before the inevitable rise!

This latest shipment departed March 30th, after the lockdown started, I guess there is a chance it could have left site just before lockdown and have been in the transport network. I don’t know how long departure from mine to departure from port takes, but I’m guessing it’s not that long. So this is a clear indication that we have been selling from stockpiles during lockdown and therefore won’t be suffering a major revenue gap! Fantastic news!!

I share your frustration, the constant commentary on buys sells etc pushing more interesting topics to oblivion. I raised this awhile back but a number of contributors commented they found trade discussions interesting. There is some Trolling here occasionally with the occasional bit of misinformation that is generally quickly corrected with facts but there is a lot more of assuming someone’s a troll because they are a new poster or thinking there is a hidden agenda which does stifle discussions. I have found myself trying to figure out what has got peoples backs up at times, when I get to the offending original post I often struggle to see the issue. I’ve raised a few questions here that have resulted in me being called names and accused of not being a real holder. It just moves the discussion away from the questions, I think it’s a combination of ppl believing they are trying to protect there investment or preferring to engage on MM conspiracies than more meaningful analysis. There is manipulation on AIM no doubt but it is not the cause of every drop as some would have you believe! Expect I’m in for some abuse now...

I think a move from AIM is unlikely in the next 6 months, especially with CV. It would be welcome but not necessary for SP to get moving. The cash injected by high V prices last year has been put to good use and the impact should become evident in the 2nd half of this year and the first half of 2021. The wider MACRO environment looking forward is hard to predict in the current circumstances but we are in a strong position to survive and most likely thrive. BE and vrfb uptake is the catalyst that can propel us but predicting if and when the acceleration happens isn’t easy. Hopefully we will soon be producing again. I personally think there will be increased V demand from steel once the world economies start to bounce, I’m in the red here like most holders but I’m confident I’ll see profits again. My main market holdings have taken a hammering and I’m less confident I’ll break even on them in the next year or two!

L2 that seemed to do the trick maybe you should add some more!

Pb 940 thanks for sharing this, really interesting read

D9 think you’ll find a strong consensus we are undervalued, however depends on your time horizon. The Bushveld perspective web page Alfa directed you to has been put together by private investors here. It has a huge amount of useful information. There is no obvious reason for us to return to recent lows, which appear to have just been part of the overall market impact of covid and nothing to with business performance which has remained strong until the current shutdown in SA, it’s unclear if we are continuing to generate income from sales from stockpiles but it seems likely. Views are mixed on whither some level of production is current, but an update from the company soon is likely. We have a strong cash position and a management team most investors seem confident in. So long term this is likely to prove an excellent entry point however the impact of the oil situation on markets generally is difficult to fully establish which could drag on us probably unjustifiably. Growth potential in vrfb market is significant giving a possible future returns at multiples of current sp. If for some reason the vrfb market does not fulfil its likely potential our product is underpinned by the steel market which removes a lot of risk. They are of course political risks associated with SA, it’s up to you to judge if they are acceptable to you.

Paludina I wasn’t questioning the information you provide only others interpretation of it. I think your shipping information is hugely helpful and much appreciated. Feel I’ve said enough on the topic, and I’m happy with my understanding of the current situation. Thanks

No knew cases in mining sector

https://www.mineralscouncil.org.za/minerals-council-position-on-covid-19

I sold out on opening today, for a 55% loss on my last buy in. Ouch. Oil price going negative was final straw for me, just to much Unknown’s n this sector for me. GL to you all, I might be back once things get clearer

I spend far to much time on this board every day, as I have a significant (for me) investment here. I don’t generally comment much as there is a significant amount of well researched posts here and most inaccuracies are quickly corrected by knowledgable contributors. I have not suggested shipments are not taking place, but as they were being touted of evidence that we are selling from stockpiles even though they left before shut down. I think it’s right to question that. Could be in the next couple of weeks we will see exports from during lockdown period. I certainly hope so, but as yet we haven’t so to say we have is inaccurate, I only asked those who were claiming that we were selling from stockpiles and that we had ramped up production to point me at the evidence of this as I couldn’t find any. I’m clear now that there is no clear evidence in public domain. Alfa is a knowledgeable contributor and it might have been him that has visited the mines, I know some here have, so I’m not disputing that he may haVe knowledge from those on the ground, but as it’s unverifiable I’ll treat it as such. If it makes you feel better about your investment to try to discredit me, crack on. But I have had my answer to the points I raised and I’m not interested in engaging in name calling , I’m not trying to provide ‘Balance’ as you put it, I’m only interested in the facts.

Well I hope your source at the mine proves accurate, I will be delighted if we are producing and making use of stockpiles. Obviously I will treat an unverifiable source of information with caution.

Alfa, think we can agree to disagree on that! Assuming we are back at 50% production without confirmation is a wild assumption and assuming we are selling from stockpiles without evidence is as well in my view.

I’ve never been confused about the quality of the investment, just couldn't understand why people were saying we were producing and selling without any evidence! We are good at shouting down negative posters with facts, but overly optimistic posts making wild assumptions need the same treatment. Sentiment bubbles are only good for traders not investors