Member Info for Libero

Hahaa always good to see you around, Bonker99, because you have a long history of investing in Bushveld just as others panic, and typically we see a quick rebound upwards (and then I presume you quietly sell again).

What are your charts telling you this time?

Personally think this is crazy undervalued, but always curious to hear your technical analysis cos it's typically spot on.

Here same here.

My first buy was in October 2013, and I've been invested ever since, and am more bullish than ever!

...for what it is

If I hadn't just shoved £4k in a LISA, I would be buying more now, because this is sooooo undervalued at less than a £350m market cap!

Thanks for all your responses, guys.

I was being an idiot there for not realising it'd have to be a dual listing.

And obviously a dual listing will be excellent for us :)

Onwards and upwards!

Phew, cos I would hate to sell any shares here prematurely!

Not like I doubt you but have you got a link to evidence this?

I had not realised Bushveld wanted to do this, and - because my shares are in my Interactive Investor account - I'm worried that I will be forced to sell my holding.

Surely I'm not alone here? Could this not trigger a significant sell-off?

As I said, selling at 30-31p yesterday morning would have been the worst possible time to sell

We shall be rising to new highs very soon!

Ahh so this is concrete news

How exciting!

Keep seeing that this will be announced shortly but, to be clear, is that wishful thinking or based on something concrete?

Don't get me wrong, I love this company either way, but the dividend would be the cherry on top

It'd also be massive cos many funds would suddenly pay attention to Bushveld too!

Faramog, Good point

0.5M of sells overall should not move the share price much at all when there's over 1,100M shares in circulation

It's very odd

Yeah, it reminds me of the drop from 29p to 19p, because that was also completely unjustified and baffling.

And the same is the case here.

I'm confident we will reach new heights within the next few weeks. We just need to hold our nerve once more.

For the record, spbhoy, I have been invested since October 2013, and have never sold any shares. Come close more than a couple of times, but never gone through with it, because I always felt I'd be mugging myself off when I know it's worth so much more.

And, as you said, if an RNS suddenly drops, and the share price rockets, you'd obviously feel very stupid for selling.

Reminds me of the 7th March 2017 sellers post I made previously, about those people who sold out at less than 2.5p before that transformational RNS on 8th March 2017!

This is the worst time to sell right now, and the perfect time to buy!

* fundamentals

Not sure what happened there!

And just want to say that this is share price fall is completely unjustified and therefore nothing to worry about in the long term.

We’ve seen this sort of thing happen before (the fall from 28p to 19p) and those who couldn’t hold their nerve lost out whilst those wise enough to take advantage of the dip were rewarded handsomely.

This is still the same massively undervalued and incredibly exciting share we all know and love. And until / unless the fundamw and/or the BOD change, there’s no reason to be anything other than bullish here.

Best,
Dan

Completely agree, Raz.

As someone who has been invested here continuously since October 2013, I know all about the fundamentals etc, and - thinking back to the dark days of 2015/2016 - I know all about patience too!

Let's hope the seller runs out soon, so we can return to 48p, and well beyond!

Thanks and best regards,

Libero

Think it's still absurdly undervalued and will have an excellent year ahead

... but do we have any idea why there has been a pull back from 48p to 36p now?

(apologies if this has been answered already, I haven't had the time to go through the messages properly. Also, at risk of sounding ungrateful about the insane 8p to 40p rise last year, I'm not!)

Thanks for your post, Rich Ken.

This shows that Q4 2018 was actually 4% HIGHER than Q4 2017!

For my own understanding though, why was the production figures fluctuating even before the industrial action etc?

Q4 of 2017 - All together 22nd January - Vametco - 631 mtV
Q1 - Bushveld Vametco - 27th April - 731 mtV
Q2 - Bushveld Vametco - 22nd August - 629 mtV
Q3 - Bushveld Vametco - 9th November - 537 mtV
Q4 - Bushveld Vametco - 30th January - 657 mtV
Total production for 2018 - 2554 mtV

Those figures and the fundamentals are absolutely jaw-dropping. The one fly in the ointment is the lower-than-expected production figures and, I'm not sure if anyone has raised this already, but Q4 seems to have been impacted as well.

2018
Q3 - 539 (due to industrial action)
Q4 - 657
Therefore Q1 and Q2 totaled 1364.

This works out as an average of 682 per quarter - ~4% higher than the Q4 figure

Needless to say, there's still massive upside here vs the current sp / market cap, but it's a little bit of a shame that Bushveld have slightly over promised here. Had they been less ambitious with their targets the sp would be higher today I reckon.

Genuinely can't believe how negative some people are despite the share price increasing from 8.5p a year ago to what it is today!

* belated