Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agree 100% with this. Its crazy we are debating whether a rise above 14 lousey pence is on the cards when we should be sat north of 50p wondering why we aren't even higher. Soon this price will be history. Very soon. IMO!
It's clear that one of these times will be the time that we do just keep rising. Each time it does not is one time nearer to the time it will. Smaller drop and quicker bounce this time. I know we are all jaded but our time is fast approaching (IMO) and I see no reason it isn't this rise that is the start of it.
Comparisons to Largo are extremely valid in the terms that: If someone values us ONLY as a vanadium miner, then it is clear that our peer company illustrates how criminally undervalued we are - just as a pure mining play. People could be investing here as a pure mining play, as they are in Largo, and still be looking at a huge upside. This is important for people to understand. Once people see that then the potentially mahoosive upside of the energy play becomes more apparent.
As for the numbers there is one thing I can say with the utmost confidence: "how close the power stations are from the Bushveld complex geographically" and that is closer than Elon to the tune of a little over 10000 miles.
Oh and how much Vanadium? More than A LOT! The numbers are eye watering for sure and the impact on global Vanadium supply will be large. Luckily, we have Mokopane sat waiting on top of the existing expanding operation.
And even if our battery companies / partners don't make any sales, and we don't sell the vanadium into Electrolyte (which is a ridiculous notion) the increased pressure on V supply from other V battery projects is still great for us. (China aren't likely to stop now IMO, and that is just for starters).
If there is one thing I have learnt in my years here it is that Fortune has a habit of delivering everything this incredibly well researched board predicts he will, and more, delivered timed to perfection. I also think a >100% rerate will happen in very short order (this is not advice at all, just my own personal opinion)
"Build back better" I have a feeling we are going to be hearing a lot more of that over the coming months and years. Thanks for posting. Exciting times incoming and Covid may actually accelerate that time frame.
My only concern is whether we will be able to scale up fast enough to take full advantage of the enormous opportunity in front of us. What a worry to have. I'm not sure how much of this enormous cake we will be able to eat!
And that is, of course, the reason for us taking shares in, and partnering with, VRFB manufacturers and trying to bring money in to assist with scaling up faster. The plan is coming together. Tick tock nay sayers, tick tock!
Thanks for posting this, great stuff. Energy transition really starting to happen in SA and, lets be honest, it is only going to go one way and increase in speed. All over the world. It's really exciting.
And BMN have positioned themselves so wonderfully, IDCC partnership, high level members with strong ties into Eskom, wording that strongly favours local companies. South Africa can not only rescue Eskom but put a local company front and center in the energy transition, creating loads of local jobs and benefitting the entire economy.
And none of this is even slightly priced in. Insane. Our time is fast approaching IMO!
Whilst I agree with the sentiment, and the topic, I honestly don't believe anything said on these boards makes much of a difference to share price. If it did then the sheer amount of positivity at >30p would have held it there. It has even less effect as twitter grows in popularity. A full on wave of negativity might influence sentiment to a degree but not one post from a 1 post poster. If anyone takes investment advice in that way they deserve what they get quite frankly.
I may just try and squeeze another very small buy in ahead of the weekend. And yes, 3 weeks, Eskom tender on top of the normal rise we should be expecting.
Another article popping up on google finance but the day after created. Don’t think previously posted but apologies if so.
https://www.forbes.com/sites/kensilverstein/2020/08/06/battery-storage-is-delivering-value-for-solar-developers-and-energy-consumers-but-what-about-cost/#5185f0286442
I have a lot of sympathy with share price frustrations but am really interested to hear what anyone thinks they could do better than fortune and team? (let’s be clear here it isn’t all fortune there is a very experienced team on the board).
Once the share price does rise I will be very grateful that I’ve had the chance to add more rather than be bitter about the long time I’ve spent significantly under water.
Just rewatched the end of the crux interview and totally understand the catch 22 of the situation and have no idea what I would do in his place. They thought the share price would take care of itself but in the middle of a pandemic it becomes increasingly clear that it won’t. So plans have to be made and I have every faith they will be executed at the right time.
II trust him. Or I’d be gone by now! We are so landing eskom, doing jse, and moving off aim in a short time frame.
The issue here is not company failings. It’s a broken market that we need to get off.
Programmers are lazy probably, account.selling_fee = 0 is pretty easy.
Thanks for the info I had forgotten when it ended and do intend on taking advantage of it. I was tempted to sell 1, 2, 3, 4, 5 for giggles but I actually don't want to let go of any just now!
I think you are right, I seem to remember reading that also, but I just tried to sell 1 bushy share and they would let me.
Security Bushveld Minerals Ltd
Order type At Best
Buy / Sell Sell
Quantity 1
Consideration £0.13
Dealing charge £0.00
Total £0.13
Interestingly offering me 13p on a share price of 12.7. Free .3 of a penny each time! And now we have the why! :)
You aren't excited for our prospects with the Eskom tender? What changed?
Share price down a little meh. Our prospects of turning into a multi billion company improve every day. I'll take that over a rise to 20p (and yes, I do want to see us finally rise and break out of this cycle, very much so).
But eyes on the prize - excitement around Eskom will rise, the seller will clear, we will shoot up. At some point value will out. All IMO of course :)
I do look at and watch charts from time to time and have tried to study them (i use tradingview which also seems to be supporting quite a strong buy at the moment from my limited knowledge).
I did not think that spread betting platforms directly affected the share price in real time? So people betting on those movements doesn't really affect me that much in the moment, other than when the platforms have to hedge and cover their positions. Prepared to be corrected on that!
I appreciate the people selling the shares may be leveraged elsewhere as well to increase their swings and exposure. I also appreciate some people (the minority) can do this and make a profit. But gambling is gambling and gambling in a non zero sum game where the house is removing money on every trade is an obvious recipe for most to lose. Yes they still come on boards like this to tell us all of their successes - over and over again!
(I also was not referring to your post with mine in any way)
My primary area of concern is people directly selling to buy back later. Which lots of people do. They do directly drive the share price down in an attempt to play a game vs market makers. Leveraged or not. Long term, meh. Short term, annoying.
I got offered 14p this morning but knew it was going to drop because I couldn't sell any significant quantities. I expect a rise this afternoon because of fundamentals. It's been a loooong time since fundamentals had any impact on this share price. As people start to believe it is not going down, but is actually likely to go up. They will see the big seller is no longer around and start to add. The expectation of Eskom will certainly help.
Maybe I'm just naive eh, trying to look at human emotion and behaviour combined with fundamentals as drivers for share price movements more than just charts. I dunno. I've played poker for a living for a while, so I'm certainly no stranger to gambling, but I won't use leveraged spread bet positions in a non zero sum game, that sounds dumb to me. Obv poker has rake that you need to overcome.
But better that than fighting a machine designed specifically to extract money from you. Most people lose money playing poker too. Some convince themselves they are winning when they are not. Others may move to spread betting or other forms of gambling so they don't have to look the person taking their money in the eyes.
I hear all these people claiming great success on their trades and I can't help feeling little pangs of jealousy. Am I doing it wrong? I certainly could have sold a couple of times at 15p recently, and added to my holding lower, however every time it happens becomes closer to the last time it will happen. I've tried it (very) small scale before on this and other shares then ended up buying back in higher, or making so little and losing focus of the long game, that I would have been better leaving well alone.
Then the poker play in me considers this is absolutely not a zero sum game. Buying and holding is as close to zero sum as I can get, supported by research and a long term view to shoot for profit.
If I am paying for every trade, and the spread is consuming some of the money then traders are playing very far from a zero sum game, against people that have the ability to set and control the buy and sell price to ensure they make a significant profit on every trade and manipulate the share price against the people wishing to play with them.
And so I settle myself that, really, the vast majority of people that consider themselves profitable while trading are almost certainly losing money overall, no matter how many small wins they get. They gloat about the victories to reassure themselves of their strategy. Probably.
I mean the simple maths above clearly supports the fact most must lose money on every trade as the Market Makers are making money on the very same trade, right? Money is leaving the system into MM and broker hands.
Moving super quick I'm offering them a dummy 200k sell and it just keeps going up and up nicely above 13p now. Not that I am selling. i've considered trying to do a trade at 15p a few times and sad I haven't done it. But not this time. if 15 goes we will shoot to 20 very quickly IMO!
Our competitors products quite literally exploding is some of the best advertising for VRFBs possible. The only thermal runaway we need to concern ourselves with is the share price running back to some sort of sensible value!