I watched the price in US yestErday & bailed out my remaining 4,000 to reinvest in Bushveld Minerals early t His morning I was lucky I got an average of £9.46. I have since bought back 2,000 at £9.0278 on a T20. Medium term or even short term this still has legs & I fully expect to throw a decent sum back in here after Bushveld hopefully flies.
Managed to sell my 4K Burford with a little difficulty at an average of £9.46, pleasing as the bid has dropped to £9.09 more in line with the US close yesterday. Bought 58.5k Bushie at 17.8 & 152k in 3 lots at 17.95. Cheers!
RE: Looking for a great opening Tuesday03 May 2021 20:45
You will need to be quick Massive I will have two devices open at 8am, sell Ik Burford in my ISA, 1k in my wife’s ISA then buy Bushie in each if it isn’t NT. I GET THE VERY DISTINCT FEELING THE ROCKET IS READY.
RE: Looking for a great opening Tuesday03 May 2021 19:54
I have stated on here that I will be selling 4K Burford in the morning to buy approx 210k Bushie. The trouble is Burford is currently $12.42 down from $12.8 whereas it was £9.58 in the UK on Friday. I definitely wish I had done the deal on Friday now.
Clark I agree with you however we have been saying that for months. I just hope Friday ‘s trading has lit the blue touch paper. If that be the case my timing was fortuitous.
Burford has risen over 50% in a month but medium term it still has a long way to go. I hope to see some short term profit taking as Bushie rises. if that happens I won’t hestitaye to switch some funds back the other way.After 8 years of dogged holding I am about to be more flexible.
Not very nice or necessary Goblesmythe. However i do know MassiveRay had a tasty dabble in Avacta, whether with funds from here or not. The money is now invested here as I have done after a dabble, well rather more than a dabble, in Burford Capital. I sold 6 x 1k in Burford yesterday & bought 6 x 57k Bushveld. I belive we are going to have a very good May.
Correcto Jimbo, the two bed & isas are mine. They took me 30 minutes by phone & they got the commission wrong so you may see a correction to the two Isa acquisitions from 122,933 to 123,235 each so dont let that throw further confusion into the ring.
RE: Update on Enerox GmbH Investment27 Apr 2021 07:47
You may well be right DD. I should also point out that our investment is diluted by 16% as it is held via Bushveld Energy itself an 84% subsidiary of BMN. I would like to see an updated flowchart of the company structure on the website. Can anybody with success in contacting Chika perhaps suggest it to the company.
RE: Update on Enerox GmbH Investment27 Apr 2021 07:33
Can we be positive please? People asked why we stripped cash out of our IES investment, we then found out cash was heading the way of Enerox. Now it has been established we own 50.5% of VRFBH at a cost of $7.7m. Mustang is paying $7.5m for 22.1% so that makes our investment worth AT LEAST $17.13m, additionally we have a controlling interest which adds a premium. Good business i would suggest. Do we know who owns the other 27.4%?