Member Info for Dav3J

LS - "We currently assume no value for Bushveld Energy or the Lemur business units" should actually read "We have no idea how to attribute value for Bushveld Energy or the Lemur business units" - they don't have a scooby.

Some thoughts:

"Bushveld and Vametco management finally resolved several weeks of unprotected strike action which cost the company 16 days of work" - 2 weeks wasn't it?

"If we use vanadium prices estimated by Roskill, a leading price forecasting consultancy into our model for 2018 and 2019 we add a further 2.3p/s to our valuation." - so basically, SP Angel are disagreeing with the experts on V pricing?

Nost interestingly however "The team are currently reviewing production and cost guidance for update in the Q3 2018 Bushveld Vanadium Operational update." - so we might see a slightly more realistic figure once the Q3 update is out? Does this suggest that SP Angel already have this information?

Your honest opinion is wrong and you should feel embarrassed by your utter idiocy.

"Be careful what you wish for."

And yet JM thinks it's going to average $35/kg in 2019.

I feel a bit sorry for Elon. When he wants to be he is fantastically intelligent, daring and visionary. Look at the success he has made of SpaceX. Unfortunately I think his rumoured 100-hour weeks and the pressure he puts himself under have taken their toll a bit.

Buys going through at the mid price - MMs seem to want to keep the price down for now?

I see the demonstrator as being the linchpin in the BE strategy myself - we ascertained that the US grant was in relation to this (in the absence of any guidance or RNS from BMN on the subject), and Eskom will presumably want to prove capability and capacity of the system before committing to a program with BE.

I was disappointed to hear of the setback, but I was pleased to see a commitment to a resolution and keeping shareholders informed of the results in a timely fashion. Furthermore, a successful prove out of the demonstrator could yield very big news indeed (well spotted on the Eskom strategy coinciding with this timing pb940!).

Still a significant seller lurking. SP still well below where it ought to be. If this share came to the attention of II's I'm sure we'd start seeing some big buys and an appreciation in the SP. So how can Bushveld come to the attention of the big boys? Is there anything we as PI's can do? I'm sure that the odd one reads boards such as this one, so Alfa et al's research and analysis will do no harm in this respect.

So a material in increasingly short supply and high demand is suddenly going to plummet in value by 2/3rds for the entirety of 2019? What a dunce.

Regrettably I have consoled myself to the fact that we will never achieve a P/E ratio that compares with those two companies. Perhaps something in the region of 10-12 is more realistic? This of course still equates to huge gains!

Psyurmh - I'm with Barclays and have a S&S ISA. It works on the same platform (Smart Investor) as the rest of their share dealing accounts so you won't see any change there, in fact I believe it would appear as another account on your existing login. I would ring them up and ask for support in transferring your maximum allowance to a new ISA. I've dealt with them on the phone a few times recently and they're a very competent bunch.

Thanks for the replies all. It's all getting quite exciting - like I say I don't want to get too far ahead of myself, but the thought of making such a huge return if the stars align is mind blowing.

Vauch - worse problems to have I guess! Though I am in the boat where all my investment is in an ISA too - maxed out on 17/18 FY allowance and topped up to within a grand or so of this year's. It of course limits my maximum holding, but then again my means are more modest than some of the big holders here so it suits me fine.

When I got into Bushveld back in April my 50-50 hope/expectation was a mid-term SP of around a quid, which would still quadruple my money. Now I too am thinking that this is a huge undervaluation. The issue is whether the market will reflect our "true value" (I say in inverted commas as the value of a publicly traded company is of course whatever the market puts on it), or we get snapped up by one of the big boys sooner.

£4-5 would put my investment into "life-changing" territory but I don't want to get my hopes up or count my chickens just yet! Realistically this sort of valuation should be achievable in what, around 24-36 months - if of course the market reacts?

So could Yellow Dragon be cashing out as there still appears to be a significant seller lurking? Looking through the RNS's it looks like they owned 80m shares at the time of the acquisition - it could take some time for all these to clear at the current rate.

There are still a huge number of big delayed sells going through, what could these be?

...and another at 250k.

I already spot 5 x 100k delayed sells...

Just squeezed in 2000 @ 28.100. Wish I had more cash to spare to buy in today!

Going to be an all-time high finisher today for sure.

Thanks for the top work as ever Alfa. Have to say the last sentence is making me a bit giddy!