Member Info for Fyoz

https://www.quadrisefuels.com/sites/default/files/2019-08/20190828_1500_QuadriseFuels_MP3.mp3

I hope those with short positions have opted for guaranteed stop losses. The way this can gap up could become very expensive if not

Actually, second thoughts, I hope they haven't got guaranteed stops . . .

Lionel, the market is forward looking, forget the past, let it go, embrace the future and you'll be a happier investor

We don't. if you look on A-D-V-F-N there's only one. suggest it's a glitch with LSE

LF:- "The board have failed to deliver Shareholder value so far"

That's simply not true Lionel, perhaps from your perspective, but the SP bumped along at around 2.5p for about 2 years, anyone buying during that time is probably very happy with the value created by the BoD

you come on this bb claiming to be a long term holder, yet you don't listen to the conference calls (even when available on the company website), ****ging off the management for not hiring more salesmen, don't understand the latest finance deal but decide to criticise it anyway, you deserve to be labeled whatever the genuine holders wish to call you. At worst he's a shorter or part of group engaged in trying to reduce the SP, at best he's a buffoon who shouldn't really be investing in shares. Personally I think he's just a grumpy old attention seeker

With thanks to Bod100 on the forum

Dusto you are absolutely correct. The convertible security must first be converted into shares . The conversion price is clearly stated as either a)5 daily volume weighted average price during a specified period before the conversion date or b) they can have £800k worth at 5.78p AND they can’t convert within the first 30 days. They DO NOT CONVERT AT OUR NOMINAL VALUE OF 1p.
We ALSO need to approve at AGM an increase in head room to allow conversion of some of tranche 1 and all of tranche 2 BUT Bergen will fund the entire £2m of tranche 1 without waiting , an act of huge good faith in my opinion BUT imagine they have driven our share price into the rubble?
By 30 September one of our partners is on a timeline to get something away.
If they do the share price will rise
Why was b) stipulated. It is not normal
It gives Bergen £800k at 5.78p
If Bergen not interested or thought this totally irrelevant why is it there?
We are not in a death spiral funding aka UKOG was for example
We have definite prospects for seeing a significant share price rise within the 30 day minimum period that Bergen must wait BEFORE ANY CONVERSION can occur WOULD YOU SHORT under these circumstances/laid down conditions? It is also banned in the agreement but I appreciate some would argue that rule can be circumvented BUT for any shorting to win you HAVE to be able to buy the stock you have sold without owning at a cheaper price than you have sold and Bergen can’t convert for 30 days ,to me this is another very clever and protective condition in my opinion
Then in a year Bergen have the right to the 2nd tranche of convertible security AND to get this our market cap MUST be double where we now are (the 3.5% rule)
I think this is VERY clever on Mike’s part
We won’t need the money then, if no deals by then we all lost. I think this is there as a huge carrot ?? to ensure WE ALL PLAY FAIR
IMHO this is a CRACKING DEAL

And you don't think Bergen did their due diligence? You don't think QFI had to show them why they're such a good risk despite years of losses?

This is about as positive as you can get without a signed contract, which I'm sure Bergen knows are coming

. . . we're up almost 20% just on funding news. Waiting patiently for a contract now, then the fireworks will go off

Ha ha, here come the trolls

Close your short you muppet

Warrants for existing holders who take part in the OO, I like that a lot

Some decent buying today. Is news about to drop?

"Do I detect a small tinge of hatred in your comments toward me ? : )"

Not at all 3rd, I don't hate anyone and I have plenty of friends, maybe some enemies as well. But if you're complaining let's recap some of the insults you've hurled out recently. Glass houses and stones comes to mind:-

" you take on the stance yet again if a bigoted politician"
"you are very good at avoiding the truth:"
"Sorr, but complete impatient stupidity."
" I'm bantering with a stroppy school kid"
"you are either blind to it, or simply are the the ultimate bigot."
"Only an idiot would vote for yes to that resolution"
"You are the ultimate bigot."

"Don’t know what we comedians and idiots would do without you to guide us ?"

Probably lose all your money instead of just the 90% you've already admitted to losing on AIM shares

"Surely 'profit' is the profit the market is looking for?"

So why is 'the market' not seeing it at the moment?

But how does it achieve it's true value (Mcap via SP) if this fickle market wants to see clear proof of the profits (dividends). The statement regarding the priority of allocating capital is quite clear. Return cash to shareholders after achieving 10,000mtv

My concern here is that Fortune may have his sights set on more acquisitions that continue to demand the full amount of cash generated, and as such it will be a very long wait for dividends. Sure, we'll all have shares in a behemoth, but will the SP reflect that? Because it certainly isn't at the moment

Thanks again BBN

However, you say "To achieve it the company need only complete on a good percentage of the plans it has in play. It doesn't need to be operating at 8,400 mtV but it would certainly help enhance their offering." But the company have said they won't pay dividends until they reach 10,000 mtv. (see below extracted from the full year accounts) Not picking an argument here, you're much better clued up on the business than I ever will be, but 10,000mtv could be a long wait

To reflect Bushveld Minerals' maturity into a producing Company, the Board is aligned with a consistent and disciplined approach to capital allocation to manage the funding of several capital expenditure items in the near and medium-term. In order of priority, the Group's capital will be allocated to:
· Maintaining existing operations and ensuring maintenance of stable and efficient production across all our operations;
· Supporting a strong balance sheet that is resilient through the vanadium price cycle;
· Investing in the Group's growth projects, either through organic growth or brownfield acquisitions, to achieve 10,000 mtVp.a. production nameplate capacity and downstream integration in the medium term; and
· Return cash to shareholders.

I'd like the declining SP halted. I think a dividend payment would do that. I'm prepared to sit it out a while longer now BBN has graciously explained why it's not the right time

" I don't really care"

It seems that you do :-)

"just checking @Foyz .. 6 years you said .. only been on LSE 4 years .. just checking what you mean"

I used to use iii before I found the LSE bb had much better discussions regarding BMN

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