RE: Follow the smart money2 Apr 2021 12:24
Who knows Knuttie... there has always been a wiff of a buyer and when we were circa 10p, I wonder realistically how many would have voted a sale for 30-40p .... I suspect the time to buy us cheap is pretty much over.
Also, as for pond sizes, 2 years ago sales to Chinese were (if my memory is correct) around 3% ish of sales. Last year they were 25% and clearly growing. This is not just as China is a net importer over rebar changes, but because they are putting up a large number of VFRB's over the next 18 months .... I suspect much if not all increased production may well end up in China in one way or another.
Ramaphosa has had discussions with China and whilst I am sure the Chinese might like to buy the assets of many a company in SA, that would not be in SA's interests and I suspect they are happy for a closer relationship giving some guarantees of supply.
The world may berate China for its bat-flu smoke & mirrors, but they could well be the real economic engine that saves much of the western world's industry.
The MM games are plain boring, and whilst I have a plan for selling down as the SP rises, I don't need to do anything for a couple of years at least ... so happy to sit & wait. I am fortunate enough to have got in early and have an annual return on my money knocking 45%+ even with the current SP. A great place to be, but for those not, just hold... on steel sales alone at current vanadium pricing I see easily over 100 over the next 2 years just on the cash flows, profits and future dividend (in 2+ years).
Games aside, this is a great investment with miniscule downside, a near (as it gets) guaranteed strong upside, and the pretty good probability of multi-bagging well over the next 2-3 years - there are not many shares on main board or AIM that can say this..... and despite the comments over the past 2-3 years, this was just not always the case with Bushveld. It has needed a lot of investment.
Just hold and let the MM's play their games
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