Member Info for faramog

what exactly is expected in an RNS tomorrow ?

5 years ago Bushveld was a minor iron stock making a dribble of money. Now it has the controlling interest in a processing plant, is about to take on a 2nd plant, has upgraded the plant to grow its output and lower its costs has oodles of stock... oh and has BE about to fly making Electrolyte.

Oh aye .. 5 years hold sounds good. Should be worth a few quid by then ... you most certainly are not an expert in anything other than being a wind up pain the but .. jog on with yer drivel

@DaisyDog ... personally, I would say 'none' .. however ...
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risk adverse... so obviously the casino operations have a different view of risk

I love the bit about the ANC mp saying he wants quarterly updates to track the spend is correct ... oh the irony !!

certainly is .. now if only Bushy would fly a bit so I can sell a chunk into Afritin !

Is it not ironic that a company we own close on 10% of goes up 8.4% and our SP goes down !

Well RK .. we have a different view then.. I think you seem a bit ra-ra and jolly hockysticks. The capital required so far for Afritin has been relatively small and as for the expansion, we do rather have the cashflow and profit to borrow commercially (It is Namibia after all and not SA).

So no.. I don't think it was a good deal as it has turned out

hope all you want but a significant dilution is coming. The main plant will cost circa 30M if memory serves so personally I rather expect a 50-60% dilution

This is a short term drop. Remember that when dilutions occurred in Bushveld it unlocked the next growth phase.... but IMO a significant dilution is inevitable

oh yes.. but then diluted and will be again...

ah.. yes.... more thinking about the value lost to shareholders by being hived off early

contrast.. Bushveld puts an rns out updating ore supply and the sp drops... Afritin does the same and has an instant 8% rise.

Alfa.. dont understand your comment on why Atm was hived off... or was it ironic

interesting (could be written about RED !)...

Only difference here is the level and quality of research shows we know how much cash is being made. We know how much is being sold. We know how much is being shipped to the USA. We know what is being upgraded and developed.

We know loads more .... unlike the so many companies we may be subject to the same shakes and tactics... but eventually... cash is king !!

Long & strong !

I thought 18 was Special Fried Rice ?

Well we will see Bella... it would make it neat on a quarter boundary to be the end of sept !

BE Electrilyte ... must say I lost track a bit... any handle on when production is now set to start (originally by the end of this year) but ... its Africa !!

regulatory approval OK ... I suspect finance is no real issue and its down to details, perhaps some of the back personnel issues (seemingly raised on the bb) and picking the right timing.

Completion 'by' 31 Oct is how I read it, not 'on' even though that could happen.

I rather suspect it is more about overall timing of announcements for Q3 and on..... but the deal is never done until the ink is on the paper !

yes .. a small top up for my mum too... if she realised she would be pleased

I don't know what you mean by disappointing... but they will show a significant profit ... rather more than almost all on AIM.

Lets not forget that aside a small 2 day blip last September, the SP was last really at this level over a year ago. Since then maiden profits have been announced, a controlling interests in Vametco taken, significant plant and staff operational upgrades, the progress of an electrolyte plant and the Vanchem deal is about to complete (just to mention a few things).

The SA political outlook remains a bit more tenuous than I would like - Cyril is making progress but boy is he fighting headwinds. I suspect that unless/until SA is seen as a safer place to invest in Bushveld will not get the recognition it should get.... buying opportunity if you have the free cash, but personally I would like a bit more rapid movement up.

The disappointing thing is the SP languishes seemingly out of favour at present, but like all things cyclic heads will turn 'eventually'.

Disappointing yes ... but not in Bushveld..

or SNP HQ.. they are good at spouting pish and promising loads of stuff that never happens

last week it felt a little like we had turned a corner... now just feels more of back on hold.

Long & strong