Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
By voting against, Mojapelo risks losing his entire shareholding if the company goes into administration. There now appears to be a power struggle hiding in plain sight, further signified by an alleged takeover hidden from public view. Strong whiff of corruption here, par for the course in South Africa.
"If you would just cut out the abuse and posts like yours and so many others I would not respond."
I agree that you should be ignored, but considering it's pretty obvious that nobody respects you or values your posts, why bother?
I just scroll on by, what gets me is the sheer egotistical arrogance of someone like Wyndrum investing so much time on a BB and thinking it has a tangible effect on anyone's decision-making. Total waste of his time and everyone else's.
"Want to add more again but cant even buy 100k shares"
They're saving you from yourself.
People are kidding themselves if they think a potential rise to $35-$40 is going to take 4 weeks. More like 4 months.
Historically, China is the key influence on global V prices. So even though BMN doesn't sell to China, that's the price to watch.
Someone mentioned last week that several of China's Vanadium Pentoxide powder producers stopped operating last month. If it was due to lack of demand, why is China importing vanadium pentoxide?
https://www.mining.com/web/vanadium-resources-enters-offtake-deal-with-chinese-vanadium-nitride-producer/
Question is, did Coltman really have the experience to sort out this mess? I doubt it. Fact is, Mojapelo took on outrageous levels of debt with no fall back should the vanadium price turn, which it did. That is amateur hour management.
BELCO is another great example of how not to run a company - spending $10m on a chemical plant while completely misjudging the requirement for the product. Little boys playing silly games at shareholders' expense. The only thing FM got right is sticking his hand in the till to make sure he'd be looked after if it all went tits up.
"Orion doesn't lose out, besides the 5% holding they have. And the new owners would be getting the assets at such a knock down price that it would be worth mothballing until the downturn in V is finally over."
Don't think deactivating a company for 1-2 years then hiring 500 employees to bring it back to life is within a private finance companies remit. They will simply sell off the assets and call it a day.
The exact I expected. From a moron.
Let me guess, you're a Covid denier?
Who wants to take over a heavily loss making business? It's plausible that will come together to find a solution that benefits everyone - at a price.
"It was construction boom in china due to which vanadium hit 130 level."
No it wasn't, it was the central government's decision to enforce increased rebar standards to cut down on the use of low-quality steel.
"Why don't you see Vanadium price recovering?"
You can't be this stupid. Historically, the construction industry in China drives vanadium prices and yet China is currently undergoing the worst property crisis in three decades with massive property developers going bust. That's why the vanadium price is dismal and there is no sign of recovery with house prices now dropping for eight consecutive months due to oversupply.
What other factors will see a reversal in the V price? VRFBs? No. China has plenty of its own now that the demand is not there for steel and can further import cheaply from Russia.
"Same for BE, wasn't NM suppose to be trying to get electrolyte orders? The amount of money the company sank into that must be astronomical. "
$10m for the plant. Nikomarov's salary must have eaten a further $1m + running costs/staffing a few million more. And what do they have to show for it? F*ck all. Nikomarov's little pet project needs to be defunded and his salary is one cost that can be reduced.
What a sorry investor call that was. Only one person turned up to ask questions. CC must be tearing his hair out and wish he never took the job.
@faramog
I was invited, but wasn't given the address. I think they call it 'ghosting'.
"Investor call was short!"
They didn't provide a link and deliberately made it as short notice as possible so nobody would listen or ask any questions.
I mentioned this RNS was coming last week and here it is. To think some nutters were buying shares and still are.
I warned years ago about that crooked piece of sh*t Fortune Mojapelo and was serially abused by the likes of that moron Alfachump and his acolytes.
RIP Bushveld Minerals.
@Tobethebest
Because AIM is now infested with amateur traders who couldn't give a monkeys about they companies they're invested in. If they think there's going to be no news for a month, they'll sell. These days, trading platforms are just another branch of Paddy Power, inhabited by thickos.