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20p to buy again

Won't last long. Reckon we'll be onto 20.5p by lunchtime, and banging on the door of 21p by close again.

Seeing 19.99p buys going through now...

what a surprise !

Obviously there's no justification for this 5% fall this morning, they're merely trying to spook weak hands into selling, because they want more Bushie shares before the big news they know is coming.

Hope no one here is falling for these games (which are actually a sign that the next leg up to 25p is v soon)

- Tipped by Investors Chronicle in the most recent issue

- Tipped heavily by Myles McNulty, Michael Taylor, BBN, and many others on twitter

- Out of hundreds of companies, Stockopedia came up with their Top 20 tips for 2021, and BMN came 3rd (and will do better than the two above it!)

- Ridiculously low market valuation at present vs any analysis of Fair Value. Let’s not forget annualised production has already increased almost 40% since the start of the year, and is due to increase so much more over the next year. On this basis alone, ignoring everything else, we should be at 30-40p already.

- Vanadium prices have risen massively in recent weeks, and are expected to reach $40kgV at the bare minimum this year (another 25-40% from here)

- Green Stock as well as an excellent mining stock. We're in the shaded bit of the Venn Diagram between Miners and Green Energy - both of which are in fashion right now.

- Not only are the fundamentals super strong, the charts are too with No resistance until 25p

- We're on the cusp of transformational Eskom BESS tender news in the next few weeks! (It could even be today)

- We’re also due a RNS updating us about the Electrolyte Production Factory any day now.

- The market is finally starting to cotton on, but there’s so much more to go from here.

For newbies, please read Lionel's Summary posts on 1 January
https://www.lse.co.uk/profiles/lionelgreen/

Short term target price: 50p+ (should be in Q1 given the huge news above)

Longer term target price: 100p-200p

GLA & DYOR

I felt the group emails were effective in grabbing their attention last time we did this but you guys have talked me round to the idea of leaving it. If I still get a reply I'll know for next time there's nothing to be gained by having a handful of us send the same message.

Not sure if I agree that we shouldn't push for a standalone Electrolyte Plant update RNS but who knows, maybe there's a grand plan as to why they appear to be saving it for the Q4 Update.

And I stand corrected re the Bushveld Perspective then, apologies.

I had no idea that the current website had our involvement. However, being honest, I dislike how there is a BMN site and then a separate Bushveld Energy site (nor do I understand the logic of this - feels contradictory to me); feel both could be improved in how they tell the story; and they both certainly need to be updated more frequently. Whose idea was it to have a separate Bushveld Energy site with a contact email address that doesn't work? Haha

Thanks for the kind messages - will keep up the posts. One thing I'm very pleased to see is how we've refound our mojo. Something that was majorly lacking just a few months back. The sentiment here is very strong, and I honestly feel it's helping withstand the MM games, and propel us forward to the next level.

Let's keep it up : )

I don't think I can run the business better than the Fortune & the BoD. They're geniuses, who have been in the right place at the right time to negotiate the most incredible of deals time and time again, and have successfully increased the NAV thousands of times over the past 5 years or so.

However I do think they could do with some friendly advice regarding communications, because this is the one area they let themselves down. There's been some great improvements recently, with more social media efforts, more interviews, and better-written RNSs that have not required the whole bb of LTHs to make sense of it. But there is still room for improvement. That's all I'm saying, and my opinion isn't going to change easily. Especially when I'm still finding stuff online like I did this weekend that they should've updated us on already.

I love Fortune & the BoD. But they do need help here with comms. Why else did you create the Bushveld Perspective?? It wouldn't have been necessary if the story was being told better; if the company website was better; etc. You know it.

This goes back to the same debate had when we were 12-13p not long ago. Because, whilst I am here for the long term, long term targets are only achievable if the short term communication is done right. That hasn’t happened nowhere near enough in the past and that’s why there’s still this crazy wide gap between the true value and the market valuation.

My belief is that the only way for us to reach the long term targets we all aspire to see is if BMN stop being radio silent for ages and merely pumping out ultra long RNSs that only make sense to LTHs (and even then it can take a lot of analysis).

Instead they need to be strategic about them, and use them to provide bite-sized chunks of positivity, and write the RNSs in a way that appeals to new investors (both private and institutional).

That’s the way other successful companies, and that’s how it should be done here. It’s as simple as that. It doesn’t mean I’m not a LTH.

And quite frankly I’m sick of the suggestion that LTHs shouldn’t care about the short term. Of course it’s natural to care. You don’t go from 12p to 100-200p without lots of small re-rates along the way.

Come on

I would suggest splitting up the RNS updates between Bushveld Minerals (incl Bushveld Vanadium), Bushveld Energy (which may even include the updates from Invinity and Enerox), and possibly a separate one for Bushveld Belco. This could still be followed up by the ‘mega RNSs’ summarising this altogether at quarterly intervals if required. But I feel splitting out the different component parts of Bushveld will help the market realise the current BMN valuation is far too low.”



Having seen what’s on the ELIDZ tender website (https://www.elidz.co.za/tenders), it is evident that huge progress has been made with the electrolyte production plant.

Previous RNSs have only announced the following:
- The S African Department of Trade Industry & Competition (DTIC) approved the project in Q2 2020.
- 'AR Process Projects' (ARPP) were selected as the Engineering Procurement & Construction (EPC) company. [Worth noting that they are a South African company. Why is this significant? because it will help us win the Eskom tenders.]
- ARPP then commenced with the engineering phase of the EPC contract.

... and that's it !

Since then:

1) The Engineering part of the EPC process has evidently been completed in Q3/4 2020.
2) The Procurement part of the EPC process is on the cusp of being completed in Q1 2021. (seeing as the tender for the Building Contractors closed on 7 December 2020)
3) The Construction part of the EPC process starts next month. (seeing as Construction is due to commence on 23rd February 2021)

2 if not all 3 of the above points could and should be RNS’d immediately. There is no good reason to not do this, and I actually believe it would be doing against your and shareholders’ best interests to do nothing and not release a RNS for progress you can legitimately RNS here and now.

I know that in the past some major news has been released in RNS and the market has shrugged it off. However it’s evident that Green Stocks have never been more popular than they are now. So if you were to RNS this huge progress, and write it in a way that new investors can easily understand, and in a way that illustrates the green credentials of this project, then I believe the market will respond very very favourably to it. i.e. this RNS has the potential to help close the wide gap between the true inherent valuation and the current share price valuation.

Conversely if you do not RNS this progress and save it for the big Quarterly Update, where it will be buried in amongst other information, it will not have the same effect.

Hope that this email is read with the best of intentions in which it has been written.

Look forward to hearing from you urgently.

Best wishes,

For those yet to email Chika but would like to, because it’s in everyone’s best interests to have a standalone Electrolyte Production Plant update RNS instead of it merely getting buried within the Q4 Update at month end, here is the template to copy & paste:

Hi Chika,

Whilst I am a huge fan of the company and everything you’re doing, I’m unfortunately having to write this email to express my frustration that you (as in Bushveld Minerals) have failed to disclose to the market in a RNS what huge progress has been made regarding the Bushveld Energy Electrolyte Production Plant.

As per the October email below (restated below for ease): By sitting on information that should be disclosed in RNS in bite-sized chunks of positivity that are written for prospective new investors to easily digest, you are allowing there to be a large gap between the inherent value of BMN and its stock market valuation at present. In turn, I believe this is failing your loyal shareholder base, and really must be avoided.

“The main reason for the extent of this gap between the inherent and stock market valuations is due to the fact that the RNSs are (1) typically written in such a way that is hard for prospective new investors to easily understand; (2) they often include too much information per RNS; and (3) they are too infrequent.

Re point (1): I believe the reason why the RNSs sometimes only make sense to those who are already invested and also very familiar with the company is because they are viewed in a very literal way as being what needs to announced to the market for regulatory reasons. This is a very narrow-minded view that is doing the share price no favours. Whereas the companies that do well on AIM view RNSs as opportunities to promote the share to market participants who may not know anything about the company, and to convince them to research further and eventually invest. These companies also use RNSs to give bite-sized messages of positivity to keep investors updated and happy to continue staying invested despite everything else they may see going on in the market. It’s important that Bushveld adopt this change of mindset to future RNSs for stock market success. It should not take a forum of longterm investors deciphering the best bits of the RNS between themselves, because those sorts of places are already an echo chamber, where few potential new investors frequent.

Points (2) and (3) link in with the above and with each other. When RNSs include too much information, the best messages can drown in the thousands of words that are published at the same time, minimising the impact they would have had otherwise on the share price. To avoid this, there should be more frequent RNSs, with bite-sized chunks of positive info and progress, released at intervals across a period of time, rather than keeping quiet for weeks if not months on end, before a ‘mega RNS’ is suddenly dropped.

How to achieve this?

OK I was a tiny bit too optimistic there it seems. We instead closed at 20.70p in the end, with huge volume (13.3m shares traded).

All very positive, set up for 21p tomorrow morning I reckon. My other predictions still stand.

In the meantime, I intend to email Chika asking them to apply for the LSE Green Economy Mark, because why the hell not? It could only help!

Also a thank you to all of those who emailed Chika with my last email draft over the weekend (re the Electrolyte Production Plant progress!)

And thanks again to anyone who might have contacted Stockopedia. I received a response today basically saying it was too late to change the report because it was already published. Additionally I was told the "Highly Speculative" thing was actually driven by the share price volatility in recent months. Therefore, ironically, by re-rating, we were probably given a "Highly Speculative" rating rather something with a nicer ring to it. But it doesn't matter.

The key thing is that, out of hundreds if not thousands of choices, BMN came 3rd for Top Tips for 2021.

https://assets.stockopedia.com/topstocks2021.pdf

Have a good evening all : )

Bassguy - If only I knew !! Would have the most almighty buying spree if I won!

Ninvestor - Hahaa ! And yes it really is just to do with the time of year.

Talking of predictions, my guess is that we close at 21p and then rise to 25p by the end of the week, take a breather, and then rise to 32p. Without news this is.

With Eskom news, we will see 50p+ I reckon.

You heard it here first ! : )

Gambit, 20.8 is the same as 20.80 mate ; )

Came across this yesterday by sheer chance (during a Stockopedia trial), and it looks incredibly undervalued and exciting, so I've decided to dip my toe in @ 17.65p, with a view to buying more if there's any sort of dip.

Holy moly, that's a hint we've won at least one of the Eskom contracts !!

Just after that interview where Fortune majorly hinted at the same thing!

Get the champagne bottles ready, everyone, the re-rate is about to truly begin : )

Sanchez, great find !

Didn't Nedbank lend money to BMN in the past?

Great volume today - 7m shares traded so far (mostly buys)

Breakout to 25p incoming ...

for getting rid of that troll who keeps making accounts to post here re the apparent covid situation in S Africa. And only here.

Never bothering to post the same thing on other South African shares like SLP, JLP, THS, etc.

Funny that.

Well done to the mods : )

daitom beat me to it

"The Ask at 20.5p is masking the true picture!"

i.e. it's making all those buys appear to be sells when they're not.

The 20.5p is currently being maintained by tiny volumes going in at that price. We'll genuinely reach that point in a strong and sustained way later today I reckon.

Hahaa those selling at this price will regret that by Friday, and even more so by the end of the month!