Member Info for GKahn

Do we know whether the Mongolian refinery project is on track to be completed or is it on hold? I have my doubts about its viability as I cannot see where the feedstock will come from, other than possibly from PetroChina’s block XIX. Evidently, the UB government does not consider potential production from PM’s block XX as a source for feedstock.

The land use permit has bothered me from when it first arose as a local issue rather more than one year ago. I do not believe that the exploitation licence will be issued while the land use remains unresolved. Sadly, perhaps we now should face up to the possibility that there is no realisable value in block XX.
GKahn

OJAY
You raise an interesting point which has puzzled me since we learned nearly a year ago that an exploitation licence had been applied for. Does the licence application apply to just Heron or the entire block XX. Has this been made clear in an RNS? Also, it would be interesting to know whether the MATD local government has jurisdiction over the entire block XX or just a part which includes Heron. Again, I don’t think we know, do we?
GKhan

Thanks OJAY
If only PM had appreciated the problems of the land use permit and the delay to the grant of the EL, it would have been better with the benefit of hindsight to have raised funds for exploration of the Raptor prospects, got on with it, and put Heron on ice.
Moreover, they could have done some relatively cheap core drilling in block V (and probably still could in the two remaining months of this year)
However, it is still possible that the EL will be granted by Christmas and development and further exploration in block XX could resume next year, but some fund raising will now be necessary in this scenario.

If Heron and block XX prove to be valueless there is the Raptor potential in block V to explore

It seems unlikely that the exploitation licence will be approved while the land use permit remains unresolved. Are there really local elections which could further adversely impact the timeline?

Clearly a problem to be addressed tomorrow

Hazbeen
What figures are you referring to, please clarify?
GKahn

You have made a number of accusations, answer the question, I am not the CEO nor responsible for anything he says. If you want want to continue please be consistent with the facts

Can you point me to anything I have have said about fraction of other producers' costs

I think you must be getting thoroughly confused with other posts as I have have not addressed predicted production cost and comparison with an actual Vanadium producer.
Where on earth did you get this?

I have answered your question
As to threatening tones, you have threatened legal action against me, and I have no difficulty with the LSE providing you with information on my identity so that you can proceed with your quest

What on earth makes you think that I am afraid about finding out about the company I am invested in? I have held share for more than 14 years, so are you so arrogant as to believe that I would change my view based on your posts. I know who you are and why you are posting at this time

Earl
You have a lot of support, but in the meantime, I would not respond to Alfacomp until this board thoroughly understands what he is up to and why.
GKhahn

I believe that most investors, and particularly those that have been shareholders since early funding in 2006, invested in the potential of the potentially huge resource as a low-cost supplier of vanadium for steel. To them the redox battery potential may be of interest but a distraction.

The Bushveld Perspective
Our goal - to make Bushveld Minerals the best researched company on AIM.

We do this not just because we have faith in the business and have invested in it but also to prove that a well run and smart company can actually succeed on AIM.

So who exactly is Alfacomp??

Pleasure MP
If there is any truth in the rumour, AND THAT IS A BIG IF, I would expect an imminent announcement. We will see
GKahn

Magic
They don’t have to have 51% to make an offer. A concert party can make an offer at any time but is obligated to do so if the concert party holds more than 30%.
However, rather than making a full take-over the 20% group may seek to require the current board to hold an EGM at which they would propose board changes. In this scenario it would be up to shareholders to vote on whether to support Paul Heywood el al or vote for a new board. In the circumstances and given the recent history a group with 20% of the equity must surely be in a strong position to bring about change.
GKahn

Magic
I doubt there will be an offer, more likely a proposal to bring about change of control. We may well know a lot more before the end of this week if there is any truth to the rumour

Ps Concert Party