Member Info for Libero

* bit of a joke really

(my finger slipped!)

Lots of buys being reported as sells this morning by the way. Bit of a

Lemur is the reason so many IIs who would otherwise be buying in won’t be doing so. Because increasing number of funds / trusts have promised not to invest in coal in any way shape or form.

For that reason I honestly believe we’d be better off without it!

Any thoughts on this anyone?

If not, I may send an email this weekend about this.

Will ask them to sell Lemur too by the way, because I genuinely hate that asset haha

"The market has never valued BE. This is the play that will make the share price fly.

Completely agree.

However, as you can tell from my post, it seems as though most if not all of Bushveld's valuable assets are valued at Nil. In that sense, there actually could be a whole variety of catalysts, because (for example) if they sold the Iron assets for $100m cash in the bank, the share price would rocket as well.

So I wouldn't see BE as the only catalyst, but yes it's obviously going to be a massive one, and the trigger could be pulled any day now!

Considering there was a 1m share sell earlier, I think the sp did alright today. Still above 200 day SMA too : )

Baffled by the extent of this ex-divi dip!

Now looking for a top up at these levels ...

Alastair, Know where you're coming from, but actually Bushveld:

- Did reply to a whole group of us who emailed them about all sorts,
- They have since updated the website,
- They're doing loads more social media work,
- They've been writing some cracking RNSs since then too, which are clearly more tailored towards those who do not already know the story here. e.g. the Vametco Mini-Grid Update RNS.

So actually I believe they will make a song and dance about the Eskom news, and it will have the desired effect!

You won't be complaining when we're at 50p in a few months' time haha

Know iron ore prices are soaring. Is it merely because of that?

Jonny,
Completely agree with you. Largo, FAR, etc report in a way that flatters to deceive ... and it works! So we should most probably do the same in my opinion. Perhaps worthy of another email ?

Known Values:

Iron Asset - £60m+
IES & ATM investments - £13m+
Brits - £85m based on the recent deal done here
https://www.proactiveinvestors.co.uk/companies/news/934934/acquiring-royalty-on-bushveld-s-brits-vanadium-project-934934.html

= £158m

This means that everything else has been valued at LESS THAN ZERO at the current market valuation.

This includes:
- Vametco
- Vanchem
- Mokopane
- Lemur
- The Electrolyte plant and rental company who already has EDF's Pivot Power as a customer
- and so much more of course!

Another way of looking at it is that the historic audited NAV of £181m (which I already thought was too low) would now be £12m higher due to our stake in IES alone, realistically something close to £60m higher due to the iron asset (I doubt that was valued properly), and probably close to £85m higher due to the Brits valuation (again something I doubt they could've valued accurately before).

Therefore you're now looking at a NAV of close £340m I reckon = ~ 29.5p a share, valuing all future growth at nil.

So, in conclusion, if you do a sum of parts valuation, it's clear that this is severely undervalued, and due a massive re-rate based on historical performance alone, without looking at how bright a future we have!

Loads of google results re iron ore prices soaring to multi-year highs, and here's one of them

https://www.afr.com/markets/equity-markets/iron-ore-records-tumble-as-spot-price-reclaims-2013-levels-20201203-p56k8e

Iron has significantly risen in value, which is excellent news for Bushveld, who still own a HUGE top-quality Iron ore resource. When BMN fist went public, it was all about this resource, and they listed on the stock exchange at close to £60m.

Iron prices fell sharply after 2013. Down to a third of what they were by 2016. But now they've recovered to where they were in 2013 again.

So Bushveld's Iron Asset is worth £60m again. Actually more with the progress made since the IPO on that front!

Time for a sell off? Just think what Bushveld could do with another £60m cash in the bank, and what they would do to the share price alone!

"The PQ Iron & Titanium Project is a multicommodity project, located 45 km north-northwest of the town of Mokopane in Limpopo Province, South Africa. The Project has a JORC-compliant Inferred and Indicated Mineral Resource of 955 Mt, with an average grade of 33.7 % Fe and significant TiO2 (over 18 % TiO2 in-magnetite concentrates). The project boasts some of the highest in-magnetite grades of titanium in the world and could be developed as a titanium and pig iron project in the long run, depending on the evolution of low capital intensive methods for processing the ore."

http://www.bushveldminerals.com/other-investments/

That's amazing to see 40 IIs have decided to invest in vanadium.

Vanadium has never had so much II interest previously, so this is new, and bodes very well for the sector as a whole, and for Bushveld of course!

There's always an ex-dividend dip. But there's no way this would fall from 35p yesterday to sub 10p on the ex-dividend. That would value the company at zero pretty much once you look at the 7p worth of cash.

Realistically this may dip to 20p at worst. If so, even if the sp stays at 50p until the ex-divi date, you're on 63p just by holding. Already 25%+ up.

It's honestly such a no brainer. Feels too good to be true, but it isn't. It's in black and white. The BOD clearly want a big pay day!

There's always an ex-dividend dip. But there's no way this would fall from 35p yesterday to sub 10p on the ex-dividend. That would value the company at zero pretty much once you look at the 7p worth of cash.

Realistically this may dip to 20p at worst. If so, even if the sp stays at 50p until the ex-divi date, you're on 63p just by holding. Already 25%+ up.

It's honestly such a no brainer. Feels too good to be true, but it isn't. It's in black and white.

~43p as a dividend = 85.5%

This should be heading towards 78.25p (35.5p (yesterday's close) + 42.75p).

Actually should be 80p+ with the quality of those Interim Results as well.

So yeah it's a complete bargain at 50p. And, unless you think this is going to drop to 7p ex-divi, then you'd be foolish not to be buying in!

Ah wow, maroonbells, I hadn’t realised that!

That shows also that this was Not the case with the previous attempts to break through 15p.

That’s why this time it’ll be different when we inevitably get there!

Ahh fantastic!

Well done daisydog!!

which stands at 13.2p

As long as we stay above this, things are looking positive.

Resistance is 15p, but I believe we will breach through it this time around if we hold tight.

We'd then quickly rise to 20p+

Assuming we're at 20p+ before the Eskom news, then we will move onto new highs (50p+) when that incredible news is announced I believe.

The market conditions are ripe for a huge re-rate, with green energy storage / battery metal miners being very much in vogue all of a sudden around the world. And consequently I believe that this may well be the last chance we have to buy at these levels.

Longer term target remains £1 per share for me, but we have to go one step of a time of course.

: )