RE: Largo11 Oct 2018 20:00
Nick....
Talking of 5yr anniversaries, let me remind you of an Rns released exactly
5 yrs ago yesterday.
Rns No2506Q
The board of Bushveld minerals notes the recent decline in it's share
price of more than 50% since Monday 7th Oct 13 and a substantial increase
in volume of shares traded.
The company is unaware of any operational developments that would cause
the share movement.
For those who have endured 'the course' over those years, they will have become
almost immune to the shenanigans of 'Todays' markets.
Even then,increased share buys didn't necessarily result in a higher share price as the Rns shows.
Manipulation of Bmn and it's shareholders has been going on since it first became an Aim company in March 2012.
All in my own opinion of course.
The above statement also brings me on to other thoughts that I have been pondering for a while now.
In the 5 or so years that I have been here, I cannot recall at any time where the 'sensible'
contributors to this board ever felt that the share price was a true reflection of the company's
worth and that is allowing for obvious 'shareholder bias'.
Even before the Vanadium platform was introduced at the end of Nov13 and we were primarily a junior
tin and iron company,strange 'things' were going on.
At the beginning of Dec12 an Rns was released that announced an increase in our Iron ore portfolio of approx
107m tons. I am going by memory now as I have no records of the time but I seem to remember that the
share price rose slightly throughout the morning but started to fall away that afternoon. By the following
morning it sat below where it had started before the announcement.
The conversations on this 'BB' at the time was mainly one of utter disbelief.
That brings me back to the present and 'FM's' announcement concerning the Jse listing.
Periodically throughout the 5yrs we have been listed on the Aim Fortune has expressed
his disappointment at the continuing low valuation attributed to Bmn by the market.
I wasn't there personally but didn't he also express his disappointment to a few of the
attendees at one of the social meetings a year or two back when the 30p party was in discussion
and stating that even 30p was cheap and the share price should be multiples of that.
To me, his frustration with the market here is coming to a head and I believe that this is part
reason for the Jse listing.Not wholly but partly and I will go further.....
I believe the current Aim mm's are in danger of killing one of their 'Golden Geese'.
They have their hands around the throat of this company and they squeeze relentlessly
whenever they see an opportunity to do so.It is as if the market has no inclination to
allow any junior company to prosper as long as they make their easy lucre.
Bad news..Good news..No news..it matters not and if a company like Bmn who everyone who follows
it knows, is making millions of pounds a week and ha