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Great volume (4m+ shares traded already) today.

Looking very strong here.

See where you guys are coming from, but I genuinely believe what I'm saying. And that's the key difference between ramping without the research or substance to back it up.

I've spent years researching this share, and the wider vanadium sector, and I've also closely watched what's been going on in the market as a whole this year with intrigue, and I can honestly say it feels like everything is coming together at once here.

In my mind, there's no doubt we shall be testing 15p again imminently. There is resistance around this level but this time genuinely looks different to previous attempts we've made for a variety of reasons. Hence why I believe we will break through and go on a bull run to something resembling our pre-covid level (already too low) shortly thereafter.

DYOR and don't take what anyone says on LSE as gospel. I'm merely sharing my honest thoughts and beliefs that we're on the cusp of a big re-rate here / sharing my bullishness. There is a difference.

Completely agree, Sanchez. The much reduced number of markets listing on AIM vs previous year says it all.

Paul, How is that a ramp? I am quoting the British Bulls website there (check yourself) and saying it has to be taken with a pinch of salt but it reaffirms how positive the charts are.

Also please check the 200 day MA over the past 3 years, and you'll see we're in new territory right now that we have not been in ALL year.

If you want to ignore the charts in the hope of topping up at a lower price, you're going to regret it.

This is realistically the final chance to buy sub 15p. Then it'll quickly be 20p+ to buy. So stop sitting on the sidelines and join the party : )

We've actually got the Perfect Mix of what you would want in an investment:

1) Value: We've got excellent fundamentals. There's been loads of discussion on this so I won't repeat. Check out the 'Sum of Parts Valuation' thread for starters.

2) Growth: The NAV multiples thousands of times over in the past 5 years; we've continued to make huge progress this year; and, now with the Orion funding, we will be increasing vanadium production from 2,900mtV last year to an annualised rate of 5,300mtV by the end of next year.

3) Transformational News on the way: With the Eskom Battery Tender awards due in a matter of weeks!

4) Rising Sector Favourability: Green Energy has never been more in fashion. And, importantly, after 7-8 years since mining were last in fashion, the whole market is expecting a commodities bull run, and suddenly mining companies are all the rage once again.

5) Excellent Charts:
- Above 200 day MA for the first time since April 2019.
- Clear rising trend over the past two months.
- Various technical signals screaming buy RIGHT NOW.

1 + 2 have always been true.
3 (Transformational News) has never been closer.
4 is new. It's only in the past month that Mining companies are suddenly re-rating. And obviously we've never seen Green companies so in fashion either. Our time is coming.
5 is new as well. It's only in the past week or so that we rose above the 200 day MA.

Conclusion: It's all coming together for us at the same time. There's never been a better time to buy. We're going to see 15p soon and break right through it this time, and then we're onto 20p+ by Christmas, and much higher still when we get the Eskom news.

Buy, load up, and enjoy the ride.

We're heading for 14p+ by the end of today it seems. Hopefully higher still.

Also British Bulls agrees that the 12 Dec price of 12.88p was another bottom. "This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom."

Rising bottoms:
13 Oct - 10.6p
30 Oct - 11.3p
17 Nov - 11.8p
12 Nov - 12.0p
12 Dec - 12.88p

"Our system’s recommendation today is to BUY. The BULLISH HAMMER pattern finally received a confirmation because the prices crossed above the confirmation level which was at 13.0p"

"Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated."

Obviously you have to take what BritishBulls says with a pinch of salt, it is merely an algorithmic charting website with no view on the insane fundamentals here or the news to come, but it's interesting that their analysis is matching up with our own here: That the charts are looking incredibly strong.

Also, as mentioned before, this is the first time we've been above the 200 day MA since early April 2019. Something that was always very positive in itself.

15p in the next few days. 20p+ by Christmas. And probably 30p in January.

DYOR & Best of luck all : )

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

To be honest, Avalon & RedT were close to bankruptcy when we stepped in, so I do believe we could've demanded a much higher stake in the combined business in return for the $5m we invested.

Don't get me wrong, our $5m turning into $14m in the space of a year is superb. I just feel we could've done even better!

Faramog - Great point re IES's lack of a moat. Whereas Bushveld, by contract, has a huge moat around what it does, because not any old Tom Dick or Harry has the assets let alone the production capability to be producing the huge amounts of Vanadium we are already. And those production figures are growing massively over the next few years of course!

Ejackson,

I'm new here and cannot understand why the market has not reacted more positively to what is clearly excellent results.

Out of interest, do you think it would've been more positive had the "Strategic Review" news was not announced alongside it? Is that what you feel the market dislikes, and if so why?

I'm inclined to agree with you that Mike Ashley is not interesting in increasing his stake in STU from the 37.5% he already owns, and may actually be looking to sell his stake FOR THE RIGHT PRICE, in order to reinvest it in some distressed bricks & mortar business instead.

Either way it's positive news because if he's never going to accept an offer even remotely close to the current share price, it will need to considerably higher than this. 30-40% higher from this level I reckon.

Curious to hear your thoughts.

Wow there's been some HUGE late-reported buys reported after hours.

Together with the large buys reported during the day it totals £1,500,000 !

08-Dec-20 08:26:00 292.50 100,000 Buy* 276.00 282.00 £292.50k O
08-Dec-20 08:25:55 291.05 100,000 Buy* 276.00 282.00 £291.05k O
08-Dec-20 08:32:01 291.00 100,000 Buy* 276.00 282.00 £291.00k O
08-Dec-20 08:22:20 291.25 50,000 Buy* 276.00 282.00 £145.63k O
08-Dec-20 08:31:46 292.00 100,000 Buy* 276.00 282.00 £292.00k O

jog99,

Like the idea. If Bushveld fully owned Enerox and/or Invinity, the share price would be a multiple of where it is today.

Alas, that was never the plan; and to be fair it shouldn't have been when the focus should be on boosting vanadium production, which will ultimately make Bushveld far more profitable in the longer term.

Fantastic that we closed the trading day comfortably above the 200 day moving average (12.9p).

I now feel we should reach 15p again this week or next. And then, touch wood, 20p by Christmas!, and then ideally 25p by NYE so we can then just about say we've had a 'Blue Year'!

08-Dec-20 09:53:30 287.50 30,000 Buy* 281.00 292.00 86.25k
08-Dec-20 10:24:19 291.10 10,000 Buy* 285.00 292.00 29.11k

That's over £180k in large buys today I've seen so far :)

Completely agree, loudspeaker, but we've got to take it one step at a time.

Basically feel we should retest 15p imminently. If we break through, we will shoot up to 20p+ again very fast, and that should be before the Eskom news arrives. Once it arrives this will rocket to new mutli-year highs.

If we close above 12.9p today, above the 200 MA, it bodes incredibly well for the run-up to Xmas, and the first Eskom contract award which may be as early as 30th December.

The Package 1 award date is in just 22 days time.

And, if we do not win that, the remaining 6 Packages are only 27 days later!

13.5p paid now

Looks like someone might be loading up

08-Dec-20 10:49:45 289.00 3,830 Buy* 280.00 290.00 11.07k A
08-Dec-20 10:49:32 288.9999 3,612 Buy* 280.00 289.00 10.44k

Overall, there's certainly far more shares being bought than being sold.

Excellent post, VV!

Think we've all encapsulated how even 24-29p would be very undervalued, let alone the bloody 13p we're at now!

Target price for me is 100p+ and all this work we've done collectively just shows how that long-held target of mine is probably too low.

https://t.me/bushveldminerals

The other thing to mention re the charts is that the lows keep rising.

13 Oct - 10.6p
30 Oct - 11.3p
17 Nov - 11.8p
12 Nov - 12.0p
12 Dec - 12.88p

The trend is very clear.

In addition the fact we're trading above the 200 day Moving Average for the first time in 1.5 years as well as these signals that this trading range is coming to a close is amazing.

Onwards and upwards : )

Wish I could say it was mine!

08-Dec-20 08:17:40 299.1288 15,000 Buy* 291.00 296.00 44.87k

Or to help sell it for a significant premium to where it is now of course.

Either way, it looks as though this is due to rise much higher than where it is now. It's great to be in a share that's both undervalued, growing fast, and a takeover target.

If it continues growing the way it has in the 6 months to late September, and I cannot see why it would not, I reckon this could be sold for 40% higher than where this is currently.

DYOR & GLA : )