Member Info for jeremy8

Just bought 51981. Happy Christmas to me :)

Very good posts Pdub and Beserker and a timely reminder of how well Bushveld has grown over the past 3 years. If this were to be repeated over the forward 3 years the sp would be £4... I think we would all sign up to that, just as we would have done to be trading at 27p today from 2016. So worth keeping that perspective as much as the short-term factors seem to be perplexing.

Sanchez....just for you. No problem to be corrected on any errors in my posts or offer an alternative view, but have some respect for other views which may not match your own.

Deal Date: 06 December 2016
Deal Time: 12:21
Settlement Date: 08 December 2016
Following your instruction, we have bought on your behalf

Stock Name: BUSHVELD MINERALS LTD ORD GBP0.01
Quantity: 1000000
Price: 0.017150 GBP
Consideration: 17150 GBP
Brokerage Charges

Commission: 12.50 GBP
Other Charges:

P.T.M. Levy: 1.00 GBP
Total Charges: 13.50 GBP
Net Total Due: 17,163.50 GBP

You pretty much asked the same thing to BBN yesterday...as a LTH (and generally passive member of the BB) I too have been attempting to apply some logic here but it seems that wont end up with a rationale explanation. Clearing Vaneck short term, the pending YD CLN conversion and some improvement in the vanadium commodity price will obviously all help as will updates on ESKOM tender and progress with BE. Therefore the answer is time and patience for the jigsaw pieces to come together and the market / IIs to recognise this.

And its a fair point Nickel, ignore the sensitivity of others. Most here (me included) would not have expected us to still be in the 20s after the very positive news this week but here we are.... theres lots of reasons to be excited about but it seems we will have to wait a little longer for even a fraction of the real value here to be realised in the share price.

Alfa thanks for the useful link.

Zebediah - you made the point more clearly than I did about World Bank / Eskom

@Faramog the question remains whether Eskom in the current climate really will retain that funding available. See below link, not a healthy state of financial affairs and also reducing demand for electricity in ZA noted. This may limit the opportunity / pathway to develop the BE side of the business? If this view / conclusion is misplaced, happy to be corrected.

https://www.fin24.com/Economy/Eskom/just-in-eskom-posts-net-loss-after-tax-of-r207-billion-20190730

Lets just hope it will be a blue day and a positive end to a trying week.

Thanks for your reply Ophidian... your caution is perfectly understandable.

@ Ophidian - I note your opinion that you think BMN will hit 88p on its next "up" cycle. Im interested to know if you specified a month/year given your past impressive record of forecasting? I guess you will be very cautious in sharing this seeing that some uninformed readers will take it as fact rather than an opinion based on your prediction methods.

Stoned...your paranoia is something else, BNR is not good for your health. Not that I have to justify myself to you, however I will state this is my only account and there is not a shred of evidence to suggest otherwise, the fact I dont post often is MY choice. I have a holding here but too many posters like SL ramping this creating false expectations (1p/2p in 2 wks etc etc). Similar claims made in the summer as well. Lets see what the market thinks when BNR deliver some results.

Well said bluepeter, the most sense Ive read on this board in a long time.

Dormant account here haha!! (I make no excuses for having a life outside of LSE!) Surely a more credible way to do the placing would be to come to the market WITH the opportunity as well as funding? Such vagueness in the RNS is the hallmark of a typical AIM outfit. "Investments" need to start delivering a return as so far BNR have had no tangible results except for 3 placings in a matter of months. Lithium would be a good place to start.

Delivered??? After the fully funded baloney??? You are right, no mortgage getting paid this month...its already paid off :))))))

True enough never risk to much etc etc. But PIs are rightly cheesed off with whats going on here. PR event clearly a joke (fully funded??). Now it all makes sense how sp has been sand bagged on any rises recently. If CE really wants to maintain some credibility he needs to deliver results fast.

So the board proposes 100% dilution?? Not surprised the sharepickers podcast got cancelled yesterday!!! Shareholders have been royally screwed here with 93% crash in share value since year beginning. A number of rampers have been particularly sensitive to suggestions of a fund raising recently. Now we know why.

Whilst this statement has come earlier than I anticipated, I think you are safe from having to do the run in your birthday suit!! It will take time to turn this around but the good news is they are (just about) within scheme costs they had provisioned for and therefore one assumes this business can now focus on the turn around in the mid-long term.

Drif - just to clarify the shares will add 3% to current shares in issue. Sp has not sunk to the depths some were predicting on here. Especially encouraging is the market has held firm regarding this small dilution announcement. Tricky one to call this over the next few weeks, was always going to be peaky. At least you can get in lower than your exit :)

Seems abit of a desperate discounted sale to me. Cash still very tight even if debt burden significant lighter, will be interesting to gauge market reaction...

Not ultimately surprised with this news. Infact I am pleased IPSA have set deadlines to prevent this dragging on without an end in sight. I only hope they take the lessons from this process into the next buyer to bring it to a swift conclusion. The capital position remains something to watch but I continue to hold as am still confident the turbines will be sold.