Member Info for faramog

Eastern time is 5 hours behind I though so it is 1pm tomorrow..... If 2pm I will only catch about 10 mins !

We rather moan a lot about AIM MM manipulation ... just had this link pop along my twitter - quite an interesting read . Rather surprised myself so much went on in the 19th century !

https://investoramnesia.com/2020/06/28/fraud-short-sellers-media/

Vanchem produce a whole bunch of Vanadium based chemicals ... can scale up or down as needed - another reason the purchase was such a gem

Starts at about 23:30
https://www.bbc.co.uk/sounds/play/w3csz982

No £3.... Still a bargain

Amen to that brother ...

Now disaster .. run out of Leffe !!

Well Bobby... Not disagreeing, and no one knows what will happen..... For example I have no idea why the SP was allowed to float to 50 when since then it has been so clearly manipulated.

Just saying I don't expect JSE to make any difference... It might.. it might not.

But the expansion of production to 8400+mtv most certainly will.... Eventually

Their Plumb Porter is sublime !

Ruddy auto not correct ... For 3 quid

Been hot... Cold Leffe is good... 750cl bottles in Morrisons force quid .. ding dong.

Colder and wetter from tomorrow so maybe a Thwaites Lancaster Bomber or At Peters Plumb Porter ... Will see if my disillusionment from T1s expectation is gone :-)

Oh well... That will teach me to believe Thunder1.... I mean... It was to accurate to be true.

Oh well... 15.00 not 16.24 ... I will have to wash away disappointment with large amounts of Leffe

Have a good weekend all.... The wind has a wiff in the air for the next week or two

what a fantastic vid interview Gambit ... well worth a listen anyone !

No wonder FM was grinning so much in a recent interview .... and don't forget, of all the possible Eskom companies likely to tender, Bushveld has by far the highest 'local content' - a huge plus in a country of such high unemployment.

We ain't gonna get all of it, but I find it irrational to not believe a large order is just waiting for the bottle of ink to arrive

HS .. look in the annual report . A large section on bonus and compensation targets. Included are share ownership targets and a date the individual must have them by

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Lots of angst about valuation, what it 'should be', and don't get me wrong, I am right there thinking we are currently undervbalued by many times. But Bushveld is, I think, still seen as a single volotile commodity miner in a junk status country. Until the BE story really bursts into life with roll-outs next year, I doubt much will change.

So what if BE does not take off ? What if, we really do largely just mine Vanadium and sell it to steel ?

In 3-5 years (depending on rollout planning more than anything), production will reach around 8,400. Lets say prices stabalise at $35 and costs at $18.... so just under $300M Revenue and $143M Gross profit (on 100% basis). So depending on Vametco split, taxation etc ... a net profit of $50-$80M. If Bushveld has largely finished expanding then say half of that is returned as div.... so that is 2.0-3.5p ish per share.

Capital aside, I would be happy with a 100 grand div every year in 4 or 5 years time ... with a strong industry level yield of 4% that would still be 50-90p a share.

There are always choices and get rich pahrama, but a 4,5,600+% rise and chunky div in 4-5 years is a heck of an annualised return.... and with limited real risk.

Now if as we expect, BE flies, then those numbers suddenly will look very low !

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Had an 8 hour shift clearing more of my mums house .. two more sackloads of photo's I never knew existed so not looked all day. Glad I did not. Same old manipulation, he said she said, its all tosh stuff .... par for a quiet day when we are treading water.

And we will tread water a while longer methinks !!!

But a couple of topics really struck me: JSE listing and FM fixing the SP...

For JSE listing it is a load of tosh thinking its about 'SA Investors' ... no... it is the African game of enrichment with a few nods & winks. If anyone seriously thinks 100M shares (say) listed on JSE are going to end up in the pockets of thousands of SA PI's they are, I am pretty sure, mistaken. I would not be surprised to see less than 50 who pretty much take the lot.

I have no idea why people think a dual JSE listing is going to magic anything. This is not to say it is not right to do it. Bushveld is a SA company, The Vanadium ore and processessing is in SA. Why not have some SA stock exchange listing. But unless someone has some clear evidence to the contrary, to my mind it is the African-back-scratch-two-step !

SA is essentially a junk status country widely held to be corrupt (bad before, but taken to industrial levels by Zuma and his hangers on). Thanksfully, Cyril is trying hard to tighten it all up but don't anyone think a measure of corruption won't exist. After all, do we not widely claim MM manipulation on AIM ? Is that not Corrupt in our 'western' bastion of democracy and accountability.

JSE will be a good thing for a SA success story in SA and if a few palms get greased with a nod & a wink to help it grow, then that is just a fact of life.

As for FM 'doing something about the SP' .. like what ? If it was that easy for a CEO to interviene and move and SP would they not all be at it ? FM has rightly (I am surmising) concluded the best thing he can do is keep pulling of fantastic growth & aquisition deals. If anyone say that short interview on CNBC Africa (https://www.cnbcafrica.com/videos/2020/06/23/bushveld-ceo-on-fy-numbers-covid-19-impact-on-operations/) he was grinning like a Cheshire Cat ..... tha man knows where he is going !

Ask the tea leaf readers Fosters lol.... Will happen... Just Africa time :-)

Yup gkb... Called out a list of bo11ox on twitter yesterday and touched a nerve... Don't miss his endless lists

Already filtered JD1972... An obvious prick

have to wait ... I dont expect much to happen for 1-2 years ... patience or follow Drifter ... GL to you