Member Info for faramog

I can only take so much drivel .... feck off ... filtered

for someone who thinks we are all blinkered you are a right keyboard warrior .... I have not filtered you, but must admit, getting a bit fed up with you sniping drivel.....

You say you treat this as any other investment ... so why 76 posts in the last 30 days and only 22 others .... not quite 'like any other' is it ?

@Pdub ... I think NickD's answer was the "if Carlsberg answered trolls...." ... just class

good luck to you @knuttie

https://www.thearmchairtrader.com/bushveld-minerals/

@DD .... I hear ya .. very fed up myself as well, but just remember to look at the Spangel broker note yesterday and that table that only details their conservative mine only numbers .....

Yes, it may end up being another year or two, but then my investment horizon is still more than 3 years out for Bushveld. It is those that planned to, or need to, sell down I feel sympathy for right now.

In a years time the produced Vanadium will be more than 1,000 mtv more than it is now. With vast oceans of fiscal infrastructure stimulus and the increasing rollout of VFRB, then Vanadium will be ever shorter in supply and as a direct commodity, the price is near certain to be higher than now. What is it now.. $28 or so.. add another $10 perhaps conservatively... Vametco refurb will be complete, Vanchem updating underway, BE shipping Electrolyte, every possibility of some Mokopane action ... etc etc etc

JSE will make no difference (IMO), but hopefully moving off AIM will make an immediate difference (not least because various tracker funds will start to buy in).. as will some re-branding which I do rather expect to happen

The market reaction to yesterdays RNS's was predictably negative, but I am still amazed about how good a deal FM negotiated. Yes there is an ongoing future cost (Think 'licence fee'), but the enabling of expansion has essentially de-risked getting to 6 or 7000+ mtv

Sympathies to those in need right now, but otherwise just hold.....

bang on @pigpen ...

Stonking RNS's, funding for accelerated expansion giving us the option of no dilution and as seems always the case, next day opening well red ... what a suprise ! (As I pointed out yesterday, very high trading days on great news has had very mixed responses in the market).

Don't forget @jog... Lots of USA sales are Nitrovan at a premium.... Oh... And their table does not include and BE attribution - it is all production and direct sale of Vanadium

Gonna be making a lot more in Electrolyte value add by then

well worth a listen ...

- We have to tell fire departments we don't catch fire unlike Lithium
- We have parts on a ship right now going to Scotland for assembly (Oxford Hub Project)
- We don't put anything in our forecast unless it is very strong and high probability
- We have projects coming to fruition "IN WEEKS.... NOT MONTHS"
- VS3: a further refinement of the Avalon and RedT developments and is a 6 module system in a 20ft container - so can be made at factory and transported with ease. Interesting point that greater centralisation of storage is what the market wants
- High cash burn, but have plenty of facility and don't have a problem
- Forecast of revenue next years of $21m and $52m in 2022

... there IS such a thing as a positive dilution!

Does make you wonder a bit ... if a whole wedge of new shares need to be created (100, 200M say) on JSE, then quite why such a large cash facility now... but then wait ... have we not not options to repay in in the first 6 months up to 1/3rd and the rest (or part of) in the 2nd 6 months

So maybe a whole bunch of JSE shares created maintains the balance sheet by paying off the notes

Just a thought, but when I saw the options for the 1st and 2nd 6 month periods, I did wonder why such an option would be in, unless there was at least a decent chance of needing it

blimey .. I have no idea how the text got re-ordered .. bizarre !

We have I fear a long history of very positive RNS's have little, no, or negative effects .. so we are going to have to see, but the last 2 years there have only been 9 occasions when a higher volume passed the day and the SP 10 trading days later ... mixed is the best description... so the % rise/(fall) from the close that day ....

16 aug 18 - 3.9% start 9.5
13 mar 18 - 38.7% start 8.6
26 mar 18 - 41.5% start 12.3
21 sep 18 - 2.8% start 26.5

So whilst I am pretty positive, I am going to just sit back and wait and see ... after all... not a lot has really changed: all we have is some financing and structures in place - but we had a pile of cash before. The financing is about next phase development .... I still feel it is BE orders, JSE listing and moving off AIM that are the real keys to a re-rate. The financing just gets us further faster which is a great thing ... it is a heck of a deal FM has struck
16 apr 19 - 22.1% start 26.0
21 may 19 - (6.1%) start 28.7
21 jun 19 - (4.1%) start 25.0
11 mar 20 - (28.0%) start 12.5
07 apr 20 - (0.8%) start 13.2

interesting on the JSE excuses (sorry .. reasons) at the end and the presenter almost getting into bother - I think clearly expecting it soon

Let us hope it includes getting off AIM !

great clear explanation of the Orion deal and CLN stuff .... what a deal !

I read that and was a bit taken as well ....

one thing did catch my eye and that is their forward table at the end.... production next year around 1,600 mtv more (a 45% increase on this year) to circa 5,432 mtv and the following years substantial FCF.

Exactly as I and several here keep pointing out .... as the production heads up, we make substantial net profits. Even with very modest dividends, the normal yield maths in the market will gear up .... our price is just set to rocket

I think it is just marvellous that SPANGEL have increase our valuation by a whole 1.2p ...

the thicker end of the bolly-swilling brigade then .... I will have a listen when the recording is published in a few days

That is an interesting comment ... begs the question of why there has been such a large and long sell off by one investor who must have 'connections'