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https://clubofmozambique.com/news/construction-of-mozambiques-tete-quelimane-railroad-is-a-priority-for-2019/

This project in nearby Mozambique involving CEMEC who are a Chinese state backed bemoth of a company will also require a wee 'bit of steel'!

http://www.xinhuanet.com/english/2018-12/26/c_137700105.htm

Construction of Mozambique’s Tete-Quelimane railroad is a priority for 2019

The Mozambican Ministry of Transport and Communication (MTC) announced that it intends to make it feasible to build the Chitima-Macuse Railway between the provinces of Tete and Zambézia, according to daily newspaper O País.

The deputy minister of Transport and Communications of Mozambique said that the government intends to make the construction of the Chitima – Macuse Railway between the provinces of Tete and Zambézia feasible in 2019.

Manuela Rebelo said in a meeting of ministry officials that “Rehabilitating the Machipanda and Ressano Garcia railways, starting the construction of the Tete-Macuse railway and its port … making Nacala international airport feasible are some of the actions planned for 2019.”

The Mozambican government in 2013 granted the concession (construction, operation and other operations) of the port and the railroad of Macuse, 35 kilometres north of Quelimane, capital of the central province of Zambézia, to Italthai Engineering (which owns 60% of Thai Mozambique Logistics) of Thailand.

The railway line that will connect Macuse to the Moatize and Chitima mines, with a length of 620 kilometres, is budgeted at US$2 billion and was designed to allow coal to be transported from Tete province, in the interior of Mozambique.

The Macuse deep water port will have capacity to receive large ships that will mainly transport coal and serve Mozambique’s neighbouring countries that have no direct access to the sea.

The work costing about US$2.40 billion will be carried out by a consortium involving construction company China Machinery Engineering and Portugal’s Mota-Engil and is expected to be completed in 2021.

Uksteveg yes, it seems it was an aspiration at the time and even now we may get some news on it... but it's also possiblble the recent Valadium price volatility could have moved it on to the back burner for a while.
It could even conceivably be put on that 'back burner' till the 2019 1Q results (due in April)
At least by then the price gyrations due to the very recent implications of the Chinese legislation being in close proximity to the holidays and year end... may have smoothed out and there will be more clarity on how the Valadium market is going to look going forward.

Uksteeveg... (The following is an extract from an article which was published by Alliance News professional services.)

29 Nov 2018, 09:47:33 GMT

LONDON (Alliance News) – Bushveld Minerals Ltd will soon be outlining plans for future dividends, alongside its “priority” of a listing on the Johannesburg Stock Exchange.

“We will be outlining a capital allocation structure which will explain and outline our dividend policy,” said Bushveld’s Head of Investor Relations Chika Edeh, speaking to Alliance News at the Mines & Money conference in London this week.

“We are committed on explaining to shareholders when they can expect a dividend, however, our dividend structure will take into account that Bushveld is still a growth story.”

She did not give a timeline for when dividends might be paid, but an announcement is expected to be made by Bushveld in the next few months.

The exact amount will, Edeh said, be dependent on the vanadium price as well as projected earnings and cash flow.

I'm not sure why they thought it was such a good idea to announce that they will be making a announcement in the near future outlining some future dividend policy with everything else going on at this time. Maybe it would have been better to have left making any announcement on this subject until they are in a better position to state exactly what that policy is going to be. They've put themselves (or at least I.R's inbox!) under pressure to come up with the goods sooner rather than later... as we have seen by various recent comments on the subject.

I for one will be quite happy just to see an RNS before Xmas stating that the battery commissioning problems have been resolved and completed and all gone well. It not long to wait till the the Q4 results are published near the end of January when they maybe in a better position to put more substance to their dividend intentions. Sometimes it's better to under announce and over achieve and wait till they are perhaps in a better position to walk the all the talk. GLA.

Yes, we are at least due this month to get confirmation that commissioning has now been completed. That may be all we will get for the time being, Im expecting... and quite happy if we have to wait till the Q4 report due later in January for news on any of the other eagerly awaited subjects.

is simply more likely due to Moderna starting trading after raising $620m... they are interested in the Nuvec possibilities.

Surely any intention to declare a dividend firstly has to be the subject of a resolution to be voted on by shareholders at an agm? Isn't it more likely that is what their dividend policy announcement will be about... to include it as a an agenda item for the next agm in August?

Whereas main market comanies have a limit of 3 months... the AIM rules are companies have a max 6 months from the year end date to publish audited financial results. Most make the most of those flexibilites and take reporting to near their respective limits. If they don't make it r something delays it... share trading is suspended until the report the accounts are published

Prior RNS listings show the 2017 Q4 report came in on 22nd Jan, Q1 2018 came in April... and full yr audited financial results for 2017/18 came in 29th June. Which is about the normal timescales for most companies

13 large buys occurred between 9 &10am on Friday, but were not recorded until well after the close. Those 13 buys came to almost 5 million shares, reported as costing up to 78.3p per trade

Those trades brought the volumes for the day to a reported 6,325,920 shares traded.

The auction UT was reported as 73p. But in the light of those very late reported trades... the final sp was also changed to well above the closing 'ask' ... to 77.75p. We will have to see if this is indicative of something positive in the offing, if it is ... that something looks like it could be good news!

noelpro... "As the licence for Mokopane has yet to be granted should we be concerned?"

My only concern is that the granting of that licensee for Mokopane could provide the catalyst for a Chinese state backed company, someone like CMEC who have large mining interests in Africa... wanting to grab BM all for themselves. On another note... the publicity gained from wining the award last evening shouldn't be underestimated.

AFC (Africa Finanae Corp.) finances infrastructure projects in Africa, focusing in particular on power, transportation, telecommunications, heavy industry and natural resources (oil, gas and mining).

I would have thought they would be interested in taking a stake in BM. It's majority-owned by private investors, the bulk of which are African financial institutions, which own 47.6% of the corporation. A further 42.5% is owned by the Central Bank of Nigeria. AFC’s nineteen Member States, in order of accession, are Nigeria, Guinea Bissau, Ghana, Sierra Leone, Gambia, Liberia, Guinea, Chad, Cape Verde, Gabon, Côte d'Ivoire, Rwanda, Uganda, Djibouti, Kenya, Zambia, Benin, Malawi and Zimbabwe. Plenty of potential investors there I would think.

Someone like the AFC buying into this story would certainly put paid to the mm's sp 'management'! tricks.

Mmm... not much to see here after all. Volumes turned out low, imo the drop was an overreaction anyway so probably a combination of a retrace and bottom fishers or one of the funds increasing holdings on the back of the drop... maybe with an RNS appearing in the next few days.

Strange sp behaviour and It does like something is going on, not just the rise for no apparent reason... but also unusually high volumes for this time of the day! Weird sentiment also that the partnership news which paves the way for a major boost into a very lucrative market only caused a slight uptick in the sp... and yet the bad piece of news concerning what would have beeen a very tiny niche market and which trial failure was always such a strong possibility ... should cause such a large drop.

(Note the USA trial date seems to have now reverted from next month back to April next year)

If we go to news flow, clearly, this result is disappointing. We've had a good string of more positive data in the last few months: VR647 Phase II results; a good set of interim results; and the positive results of the partnering of the Open-Inhale-Close device with Hikma. I think the market, as I said before, we had flagged that this was a riskier study. But when I look forward in 2019, I firmly believe the probability of success lies more in our favor looking forward. We have good progress with the -- our partnering with Hikma on VR315 on the clinical trial repeat program, and we look forward to that reading out in the resubmission. We look forward to accelerating essentially the VR647 program. And our team's focus can switch entirely onto that. We will be giving further disclosure on the enhanced reformulated repurpose 3 programs we touched on in September. And we're looking ideally to see if we could get accelerated orphan drug disease designation for 1, 2, possibly 3 of those programs before the end of next year. Novartis are continuing to progress with the asthma triple program for Europe, QVM149, and we should see the Phase III results next year and see that program being submitted. And as you know, the original clinical trial -- sorry, the trial date for the U.S. GSK patent litigation has now moved from what was originally scheduled from December to April next year, and so we should see that clinical trial outcome coming through, hopefully, in the first half of next year. On top of that, we also have business updates. We'll provide a trading update and further nuance on the R&D guidance in January, with preliminary results in March and interim results in September. So as I said, I think the risk there in associated upside is more in our favor now, and 475 was always like a slight overhang in terms of potential risk looking forward with that removed. I think we can look forward to hopefully a stronger string of results going forward into 2019.

... today but they had already warned that the bar had been set very high so not entirly unexpected. Would have been good if it had worked but as it wasn't gonna be a huge market so It'll possibly have ore of a downer effect on sentiment rather than any long term detriment to the financial fundamentals. However it's possible it's now become a tad more important to win the IP case... losing that on top of this would def not be seen as good! GLA.

... makes for interesting weekend reading! https://insight.rpxcorp.com/litigation_documents/12225755

MrBB... this one isn't a jury trial and although a 5 day window was allowed it may have finished well before today. It's a hearing in front of an appointed judge specialised in IP protection law. I think that should actually be seen as a good thing because these sorts of cases are normally far too complex for normal public juries to get their heads around!

Which makes it seem more unreal for me that VEC instigated a trial in the states, which IS a trial by jury. This London one was brought about by GSK... seemingly in retaliation for VEC's initial action which is to sue them in the states. VEC are 'defendants' in this one!

These cases, which ARE normally heard in front of a specialist judge, are normally decided by prior case law. This also usually means that the judge will take several weeks to review similar cases before coming back to court to hand down his/her judgment and announcing who has ' 'won'. When that court is reconvened he will announce all the reference and case history work that he's waded through in arriving at the final decision. Hopefully not.... but It could even be next year before we hear any more on this one.

What a fabulous lot you are! Thanks for explaining your views and opinions. I 'think' my thinking has probably been more in with line with Yachty's pov. I think it would be great if they declare a one off special dividend and distribute some surplus... but providing that doesn't impact on the immediate plans for scaling up the current production so tthey can take a more established and consolidated share of the market whilst the shortages are apparent. And of course getting BE fully up and running not only as expected locally... but also making rapid inroads into the global battery market.

At this moment in their evolution and not knowing how the BE issues will play out... I would rather see them focus financial resources on that and maximising extraction. Just laying out a set of milestone plans for a future dvidend policy in the long term rather than declaring an actual dividend would be more welcome for me as a more recent investor. I can see the the appeal for the big LTH though. :)

Top up for the list :) .... 9,639