Member Info for faramog

I rather agree I-H... said some time ago that the only thing that will move the SP north again is cold hard numbers. I rather fear that will now be june/july.

Not even sure a the 'imminent' licence will make much difference.... then again, there is growing disquiet in SA and looming elections - perhaps some wider market nerves

does make you wonder where its all coming from ... unless they had a plan to stockpile somewhat.

There is no value ascribed in SPA's sum of parts (possibly some minor fractions of a penny), but essentially they view it as potential not sellable so has no value in their model.

Not unreasonable even if given potential, market movement and technology proving it seems a bit barking

The project will take on new value on financing ..... so could we expect a target change and updated model from SP showing their sum of parts valuation for Lemur later in the year I wonder

Alfa - Only thing I saw was the Proactive note:

https://www.proactiveinvestors.co.uk/companies/news/218233/bushveld-minerals-initiated-with-a-buy-at-peel-hunt-as-broker-touts-solid-near-term-growth-plans-and-upside-potential-218233.html

Bushveld is that once in a generation gem .... I can't recall the handle of one of our posters last year who got rather berated a little for having a max % of portfolio per holding (5 or 10%).. after a bit of shouting down he upped it a bit, but non the less, a wise thing to remember.

Not entirely all-in, but way more than any sensible investment should be.... which is why I also am a bit perplexed by the fall back to 33. After breaching 30 6 months ago I did rather think we would be a solid 50 or more by now. I still feel 100p by autumn is perfectly possible, but we never know.

However sad, anyone putting 100% all in to a high street brand struggling for the past 3 years does rather want their head examining though

@pigpen ... I though it was Linus who had the flies round him

https://www.proactiveinvestors.co.uk/companies/news/218233/bushveld-minerals-initiated-with-a-buy-at-peel-hunt-as-broker-touts-solid-near-term-growth-plans-and-upside-potential-218233.html

Bushveld Minerals Limited (LON:BMN) has been initiated with a ‘buy’ rating and a 45p price target by analysts at Peel Hunt as the broker touted “solid near-term growth plans” as well as further upside to the shares.

In a note, analysts said a 3-phase growth plan at the company’s Vametco vanadium mine and processing plant in South Africa, which was currently in phase 2, would be “the first step” in better monetising its resources base and predicted the project producing 5,000 tonnes per annum by 2022.
READ: Bushveld Minerals to supply Vametco mine with power from vanadium battery mini-grid

Vanadium is a chemical element that is often added to steel in small amounts in order to increase its strength. These alloys containing vanadium are commonly used to make tools as well as surgical instruments and knives.

Peel Hunt also believed that as resource updates from the Vametco mine and Bushveld’s Brits vanadium project, located nearby, began to be delivered in the second quarter of 2019, the company could use its cash balance to acquire more downstream processing capacity to increase its share of the vanadium market and “even further monetise its growing resource base” in the medium-term.
VFRB potential

Aside from the vanadium projects, the broker said Bushveld Energy, the company’s Africa-focused energy storage and component manufacturer, offered “longer-term upside” as it aimed to cover more of the vanadium supply chain by supplying vanadium redox-flow batteries (VRFBs), which are commonly used to store energy for power plants and electrical grids.

Bushveld is already moving to expand the use of VFRBs, having announced the development of a 1 megawatt mini-grid to supply its Vametco mine in late March.

Bushveld Energy has also recently completed a pilot scheme with South African electricity group Eskom for a VFRB system.

Eskom alone is expected to install 1.4bn megawatt hours (Mwh) of battery storage capacity by 2022 to help ease the problem of power shortages in South Africa, while a further 1bnMwh of opportunities have been identified across Africa.
Current share price at “base level”

Peel Hunt said the group’s current share price of around 33p, was a “base level” from which investors should look to build “longer-term positions”.

“We expect multiple developments in [Bushveld’s] resource base and its three-phase growth plans in the coming quarters”.

In late-morning trading on Tuesday, Bushveld’s shares were down 3.8% at 33.2p, a 36% discount to Peel Hunt’s target price.

my first cat was called Faraday and he was a moggy ...

What is the general expectation ?

Personally not at all convinced much SP change will happen until June when the audited financials come out and suddenly the bottom line figures show a positive PE, lots of cash etc ... really did not think we would languish 10-15% above where we were 6 months ago

no ... could do with a laugh ... what did the clown say ?

or they dont give a fig ..... how can we know when nothing has come out... not even a thanks for your concern blah blah unimpressive comms

because you have told the shorters you plan to sell 200K shares when the price hits 49 .... best way to ensure they don't profit is not to do that and perhaps they will loose.

If you are going to make large purchases (or particularly) sales, then best comment after you have completed the transactions - just saves any gaming

exactly Coco .... its 5MW + 50MW Li + all the rest for 41Mill .... Red's share will be small and it is noteworthy that actual sales figures have not been announced.

All very convenient timing vis-a-vis placing ... so why did Scott stand down just as its all firing up ?

A positive step non the less

Just had a brief scan.. long hard day burying a good friend... puts all the crap in perspective. $2m net profit a week.... just hang fast

emailed you Alfa

gkg .. likely to be one of the best mistakes you make in a few months time !!

Knuttie .. stop being a trouble-maker ha ha

Votes by month.... Oct/Nov is really the weight

Apr 8
May 9
Jun 5
Jul 9
Aug 10
Sep 17
Oct 17
Nov 14
Dec 8

gambitxjs 13 Apr 19
deece 17 Apr 19
dfallows 25 Apr 19
mrrealistic 25 Apr 19
getbusy 26 Apr 19
vanman23 02 May 19
babylonboatman 05 May 19
gggareth 09 May 19
messdog 10 May 19
endion 20 May 19
BRFC 24 May 19
sharesahoy 27 May 19
mrremmy 29 May 19
johnnytorch 30 May 19