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Thanks for sharing Alfacomp - I'll be watching that video over the weekend :)

And yes it would be incredible if Bill Gates's next big thing is vanadium battery storage! Perhaps he's worth writing a particularly compelling email too?

Pdub - Sorry to hear you're having chemo. My gf's mum has had to have chemo for 2 different cancers in the past few years and it's worked nicely both times. Hope the same is true for you mate

Agree, so much of it is down to sentiment, when the mood was negative we fell, when the mood was positive we rose in the past day or so. In that sense it's a bit of a self-fulfilling prophecy here.

Thanks for the Largo vs Bushie comparison btw. That demonstrates once again how we should be at 20-25p+

We won't get there in one move. The next real test will be if we can break through 15p. But we will get back up there, I'm confident of it.

As I said yesterday, we're ridiculously undervalued and one of the things that demonstrates this is the share price is well beneath the Net Asset Value per share which is stands at around 21p.

It's also about 50% down on where it was pre-covid which is a complete overreaction when production is still due to grow a lot this year, shipments of vanadium are still going ahead, etc, and we're still making profits.

Also worth emphasising that we've got the most remarkable CEO and board here, who made massive progress and successfully quadrupled out NAV in the space of 4 years. How many BODs can say they've achieved that? Very few if any.

I believe this share will be worth 100p+ one day and there is no reason for us to be trading sub 20p at all.

DYOR and GLA

The other key thing is not to make a bad decision simply because you've made a mistake.

e.g. in your scenario where you've sold 50,000 shares @ 11p @ £5.5k the idea of buying those shares back for £6k is a psychologically difficult thing to overcome. Many people would not have it in them to buy those shares back. However how would you feel if the share price recovers to 20p+ very soon and those 50,000 shares would've then been worth £10k. And then, for the sake of £0.5k, you've missed out on a £4k gain.

Hope that makes sense.

Daisydog, I feel for you too, and yes I've been there plenty of times.

I remember investing in BMN in Oct 2013 at 3.5p. It then rose to 7p. 100% gain. Did I sell? No. And I ended up regretting that decision for 3.5 years.

I remember buying into a company called Syqic (SYQ) at 70p, saw it rise over 100%. Did I sell? No, I then saw it fall down to 70p again and drift downwards. I forgot about it. Checked on it a year later and my holding was worth zero. Turned out it a massive fraud.

I also remember investing in Mobile Streams (MOS) around that sorta time at a high price. The Argentinian currency had a crisis which sent the shares falling v fast. I tried to average down but at something that turned out to be far far far off the lowest point. Ended up having to accept a large % loss.

All of those examples were back when I started but even this year I made a dumb move. I was heavily invested in AON (something I begun in 2016) and was already 140% up by February 2020. I did lots of research and worked out that Aon would try to aquire their competitor Willis and this would send the share price falling. I even worked out the date this would happen would be 6-7th March. So what did I do? I sold 50% of my shares only. I was proven completely right and the shares dropped in value by 20-35% (also cos of covid). And now I'm waiting for it to crawl back up to where it was again. Very silly.

There's also many examples of shares I really liked but chose not to buy for some reason and later regretted. (SPSY springs to mind but there's loads.)

So yeah we all make dumb decisions which are psychologically difficult to accept (mine tend to be due to sheer greed!)

You just have to learn from them and move on.

The one decision you will not regret is being heavily invested here when it finally explodes once again.

"BUSHVELD MINERALS

"Our system’s recommendation today is to BUY. The BULLISH DOJI STAR pattern finally received a confirmation because the prices crossed above the confirmation level which was at 11.3750, and our valid average buying price stands now at 11.4850. The previous SHORT signal was issued on 09/07/2020, 14 days ago, when the stock price was 13.6100. Since then BMN.L has fallen by -15.61%.

Market Outlook

The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit.

DO NOT MISS THIS CHANCE"

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=BMN.L

according to what has been reported when clearly the truth is that there were mostly all buys today hence the 9% increase

Honestly believe we'll return to 14-15p quite sharpish

Ideally before the Q2 Update on 31st July.

Faramog - I think it changed because the mojo did. In fact the mojo seemed to have returned yesterday even though we fell, but it meant we didn't fall beneath 11p (thank goodness), and it gave us the support / grounding we needed to reverse this nonsensical fall we've had recently from 15p (which was already a nonsensically low starting point may I add)

Diasydog - very sorry to hear you got so frustrated that you sold a few at 8am this morning. Hope you reverse that decision soon enough!

Onwards and upwards...

You appear to have jinxed it haha

Easily done!

Great blue day with a 8-9% increase from where we were this time yesterday.

After all the frustration let's take a moment to enjoy it :)

This was another large buy!

14:41:47 11.99 100,000 Sell* 11.75 12.25 11.99k

Mojo has returned to this share finally

We have bottomed out at 11p and have now risen to 12p.

We're still trading at about half of the Net Asset Value per share.

Vanadium prices are much lower than this time last year so the Q2 Update won't look great in terms of revenues and profits, but Vanadium prices appear to have bottomed out as well and are now steadily rising, and the green shoots of what would be explosive vanadium demand are there (as detailed in my post at 22:00 last night).

Also worth noting the share price is still about 40-50% down on where it was pre-covid which is a complete overreaction when production is still due to grow a lot this year, shipments of vanadium are still going ahead, etc, and we're still making profits.

Also, as per my post "In Praise of Fortune & the BOD", we have got the most remarkable CEO and board, who successfully quadrupled out NAV in the space of 4 years, against the odds.

DYOR but there's no reason to be anything but bullish here.

Stockopedia rates BMN a Buy - article came out 5 hours ago!

I've seen better articles tbh since no actual research, they're just saying it's dirt cheap on fundamental metrics, and it's a good quality stock. Still glad to see them tip us.

https://www.stockopedia.com/articles/does-the-bushveld-minerals-share-price-make-it-a-stock-for-contrarians-99528/

Another £12k buy @ 12.05p

14:55:37 12.05 100,000 Buy* 11.75 12.25 12.05k

Hahaa well done, Rob - I feel you timed that perfectly!

Doubt we'll see us testing 11p again.

Looks like someone else is buying 100,000 shares then, cos this one here has gone through.

Can we get £100,000 of big buys by close? We're already on £82,500

13:41:20 11.50 100,000 Buy* 11.00 11.50 11.50k

Made a very small top up just now to take advantage of the dip below 295p.

Average now stands at 285p

Feeling incredibly bullish here, and am encouraged by the upward trend (9% up since start of July) we're seeing before the HY Results and news about the resumption of the dividend is even out.

Target: 400p

Another large buy. That's £71,000's worth of buys in just a couple of hours.

13:17:45 11.4749 150,000 Buy* 11.00 11.50 17.21k