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I suspect that as has often been the case with this share that Fortune is lining up his ducks or waiting for them to align. For myself the JSE listing is key to the next steps and it seems from the CRUX interview that the listing is full steam ahead now the Vanchem accounting has been tidied up within the BMN group. It's been said that the JSE listing will allow SA investors in who better understand the Bushveld story. With a strong mining history and Eskom power problems I'm sure no South African hasn't been affected by I can imagine we would draw reasonable interest on the JSE. Once JSE listed the employees on the ground I suspect will also benefit from an employee share scheme, which should keep the workers and unions happy and give them real reason to work well and not be led off on strikes. Admittedly some would probably sell such shares the moment they received them but many may not, especially if they see their potential value. Linked with this (although I don't think Lemur has been delayed) I suspect it may have been planned that the sale would take place post a JSE listing, so that if a small special dividend were to result from it it might act as encouragement or a sweetner to the relatively newly invested SAs. If rebranding is in the pipeline, I think we will have to wait for the above items to play out.
I wouldn't like the full benefit of a Lemur sale to be paid out as a dividend but a percentage of it would be plesent. Aside from disposing of Lemur prior to a rebrand I would like to see us have a stronger and better developed position in the V battery market... rebranding because we are already doing it very well rather than rebranding because we have hopes and ambition and are working towards something that we hadn't yet actually achieved. Any rebranding if done too early won't draw the desired interest and investment.
Annoying as it is that the market does not value us in the way we believe it should, as I don't need to sell and we don't need to raise funds it will all come to pass. In the mean time those who wish can cram more bushy into their ISAs ??. If you do need to sell whilst we sit at this value I do feel for you, but this is the game, I'm sure we have all sold something at a loss at some point and all will again in the future. Just my thoughts. G
I have long wondered if the number of shares locked away by confident LTH s might hampered upward movement, those same confident investors broadly having already invested as much as they are able or willing to do, market saturation in a way. We were marked down in relation to the broader market, but without significant sales, so there may not be the buying pressure to push us back up. I understand in AIM MMs have the leeway to adjust the price aside from buying or selling demand. If we have made ourselves somewhat illiquid and the traders prefer short to long, then we will struggle to see the appreciation we think we know is fair. (I eagerly await the dual listing) With the SPs counterintuitive movements I couldn't blame potential investors for holding off in these strange times and with summer and an old adage around now. SA will be a factor certainly, but it is one of many. I remain a strong holder because all information I have available says this should do very very well, just a matter of when it will do so.
Having invested here in 2013, I believe I read almost every post and followed BMN very closely for at least 5 years. Some days I found myself disappointed that there were only 20 posts, and later I was dismayed to find there had been hundreds of posts to read through... I am sure I am not alone in that experience.
What a strange adventure Bushveld has been over this time, highs, lows, hope, despair, progress
(and a seeming lack of), and a good measure of support for the company and rebuttal of false or misleading information and those deliberately peddling it.
Never could i have thought back then that I would still be invested and reading some of the same contributors in 2020 (and all still with a typo in my username). Equally, I was unaware that by buying BMN and following the chat board
a community of familiar names would form. Even though there were no faces to put to them, over time the characters of the
people behind the anonymous usernames developed. What they chose not to say, how they conveyed what they did say, and occasional snippets of their off board life.
Whether they are international energy drinks salesmen, chemists, physicists, have dreams of visiting Angkor Wat or of rebuilding a spitfire, favor fishing in France or bobbing about in boats, it is a pleasure to be a part of this community that has developed.
Strange to say it but some years ago I had a dream that involved someone from this community (minds out of the gutter, not that sort of dream) it was Pdub on a sunny day from afar on the south coast. I'd recommend if anyone else has elements of LSE entering their dreams, they take a break for a while.
When ever I hear of a member in ill health, I always feel for them and their loved ones, this is especially so when it is someone who's posts I have read for such a long time and a true stalwart of the community. Pdub, my thoughts are with you and GND.
Geoff, a 30 something from the midlands, attempting to single handedly and sympathetically renovate a poorly 1800s cottage.
Is JBERs distance from the pack usual of late? Not had my eye on their side of things for a while. It does seem they might have aquired quite a pile to get rid of based on their positions relative to the others this morning.
I am glad you enjoyed pdub and am very glad to hear things seem to be improving for you. I believe we invested here at about the same time and I have also enjoyed your posts and support for BMN and the team over what has become many years. Little did I know 6 years ago I was buying into a little (but growing) community as well as an investment.
I was hoping to try a Wake energy drink (a brand some of our readers will be aware of) whilst abroad but haven't tracked one down yet.
From a 30 ish year old in China, wishing you the very best!
Each time I have visited china (previously 2012 for a month traveling from Hong Kong to Beijing and 2016 Jinzhou via Beijing) I have been impressed by the scale of development that is going on and the changes occurring within the society. Within society since my first visit smoking is massively down, as is spitting and the drinking of water (mostly hot from public dispensers) is massively up. Old vehicles are no longer really seen in big cities in my experience and air pollution seems reduced at least by eye, which in Beijing seemed a fair method of assesment. To bring this narrative back on topic on my last visit I traveled through Dalian region and the number of wind turbines there was collosal, it was easy to see why they were investing in a big battery. On this trip I have noted that almost all mopeds are electric in Chengdu, this was true of Tibet also. I say almost all, I could count the number of petrol mopeds I have seen on my hands, which compared to the number of mopeds overall is quite somthing. The mopeds won't be using vanadium but there really seems to be an effort to be more environmental and that effort probably will in my mind see vanadium batteries to help store further renewable generation.
Observed for a long stretch of a train ride from Xining to Lhasa (total overall distance 2000km) was a new road of perhaps 6 lanes with many elevated sections of concrete and rebar deck on concrete and rebar columns. This was not being constructed slowly at the leading edge but simultaneously over the full length of the road I would guess at least 300 miles. When I enquired of a guide he suggested there were many such new roads being constructed to better link Tibet with China. Since my first visit Chengdu now has a Subway network built and open but with only one third of its planned lines currently finished, I suspect in a few years if I visit again those lines will be finished.
In conclusion from my small perspective on a huge country China is still implementing large scale rebar hungry infrastructure and in china it seems (compared to the UK) when somthing is decided it happens and with haste. I wonder how much of Mokopane China could put to good use, the tonnage of rebar that must be in all this new construction is to me mind blowing
just been testing the waters with some dummy buys and sells (somthing i have not done in quite a while). At the moment i am able to get a live quote above the stated bid to sell 1M shares. when i used to do this some time ago i never managed to get live quotes over 250k shares. is this normal these days?
In the words of Homer Simpson: Doh! Cheers SOTRR & Alfa. Interesting that they seem to be trying to follow in our footsteps. Our own MOU with UET was signed pre any mention of Vametco so we were in a similar position at that time. I doubt AVL will be able to pick up V plant bargains as we have though.
firstly apologies if this has already been posted. I know there was some interest in who had licences some time ago. Having a look over AVL it seems they are pursuing the vertical integration angle too (although from memory still with significant costs between them and an operating mine / plant). It does seem however they have struck up a JV with a co with a licence for PNNL electrolyte (RNS 13th May) :
"UPS (Ultra Power Systems) is a private company which has secured a licence to Pacific Northwest National Laboratory’s (PNNL) generation 3 vanadium electrolyte production. UPS is the only company outside the United States to obtain this licence, which is the third and final licence in the world. The generation 3 electrolyte has a higher density than the standard generation 1 used by most VRFB manufacturers. This
allows the product to have a smaller footprint and operate in a wider temperature range without the need for heating and cooling, from -40°C to +50°C."
Hopefully some agreement may be worked out to allow BE to use or produce this 3rd gen stuff too.
from memory it was the processing side of Vametco that was the bottle neck not the mining side. perhaps vametco will become sole Vanchem supplier pre mokopane boosting Vametco profits although perhaps Vametco is already supplying Vanchem with ore....
Just picked up a grands worth at 23.945. This price is silly for the cash generation and potential short medium and long term. Then again 30p was a silly price too and 50p still vastly undervalued us. This will turn its just a case of when.
For reference full £20k Bed and ISA completed with Halifax today. Done by phone and put to their dealers to try and get the cost of the spread around £50 vs live spread of circa £600 at the time. Was advised they are very busy and would go through today or tomorrow..... but "hopfully today". 2 Hours later and it has gone through PTM of £1 on both the sell and the buy, commision of £25 on the sell only (normal online fee is £12.50 per transaction) Sale price 32.5p Buy price 32.5568p. Shares lost in the process: 191, (however this includes shares sold to cover commision/PMT).
If memory serves the surface ore at Brits is weathered and may be easier / more efficient to process. So either supplementing Vametcos ore or perhaps temporarily even being used in preference could be an easy route to increased production without immediately increased capacity. Memory and opinion only.
@Alfa can I query your comment concerning dividends being paid into an isa being taxable when taken from the isa? I am not qualified in the field but this was not my understanding of the situation. Can I ask if this information was from your own research or tax advice received from a professional at some point.... Or have I mis understood your comment? I has seen a number of references including the one below which www.moneyadviceservice.org.uk/en/articles/stocks-and-shares-isas/amp any benefit within the is a wrapper was completely tax free.