Member Info for Nickderby

Max buy 90,000.
Max sell 1.1m

Looking good :)

They were desperate for shares at the close.
I could sell 1.3m; its been a long time since they would take that many.

Roll on tomorrow! :)

Its like yesterday all over again.
Drop the bid and offer, then all buys go to NT and I can sell 800,000 shares.

Jokers!

I note that the latest US Ferro-vanadium price is stable at $25.00-26.50 per Ib. That’s an average of just under $57 per kg for US FeV. It seems that the FeV price has held up quite well in the US compared to other regions. If the bounce is now starting, that’s a great starting point for the bounce :) Also, this is excellent news as more than 60% of our income is derived from the US. Roll on a more reasonable $75 per kg, for starters.... Cash elephant!

The MMs are desperate for your shares.
Max sell is 700,000 at 25.5p.

Hold tight! :)

At the close, I could sell 800,000 shares and buy 30,000 shares.
I think that says it all. Its been a whole day of trying to get shares, but I think they have failed! :)

I would expect Q1 Vametco figures and the Vametco Mineral reserve and resource estimate should be with us in the next few days.

Max buy is 15,000 shares at 26p.
Same old MMs!

I note that Q1 results were published on 27th April last year.
Maybe we will receive an update this week?

It will certainly put a rocket up the share price if we can show increasing production and a decent 2019 production guidance.

Bring it on! :)

A summary of the latest broker targets. SP Angel - target 87p. This is based on FeV prices of $75 per kg for 2019,2020 and a long term price of just $45 per kg. https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Q4_Sales_EBITDA.pdf ARC - target 50p. This is based on FeV prices of: $80 per kg in 2019, $70 per kg in 2020, $60 per kg in 2021 and long term prices of $45 per kg. However, their target share price increases to £1.36 at an FeV price of $100 per kg and Rand/$ rate of 14. Using a discount rate of 5% with FeV at $100 per kg, ARC have a share price target of £2.23. http://www.bushveldminerals.com/wp-content/uploads/2019/01/Vanadium-strength-drives-sharp-earnings-growth.pdf Peel Hunt recently initiated a buy rating and gave a short term target of 45p, with ‘solid near term growth plans’ as well as ‘further upside’ expected. Fortune Mojapelo ‘The story of Bushveld Minerals is not yet half told’. Cash elephant! :)

If we take SP Angel’s 2019 post tax profit forecast of $109.2m, that would give BMN post tax profits of £62.16m for 2019. EPS - 5.55p. At the current price of 26p, that gives a forward PE ratio of 4.68. Plenty of upside to that PE level and profitability when you consider what’s happening in the vanadium market and the news we have to come over the next few weeks/months. SP Angel are using FeV prices of $75 per kg for 2019 and 2020 and long term forecasts of $45 per kg. I think these will be easily beaten with the current structural deficit. Imo, still huge upside here. DYOR of course :)

Just consider the fundamentals... High vanadium demand. Insufficient vanadium supply. World vanadium structural supply deficit. No significant new vanadium supply coming on line for 3-5 years. FeV price is still at very profitable levels for Vametco. New Chinese rebar rules in November 2018 will generate even greater vanadium demand and push prices up further. Minimal capex is required to increase production to 5,000 tonnes pa. Q1 results out soon will show the world our excellent profitability for the quarter. Final 2018 results will be published by the end of June, showing huge profits for the year. We have the world class Mokopane Vanadium resource. The Mokopane mining licence news is expected soon.... Brits vanadium - JORC is on it’s way. Vametco drilling updates coming, increasing our resources further. Potential brownfield acquisition taking our maximum production capacity to beyond 10,000 tonnes pa. Bushveld Energy contracts are coming. Eskom VRFB news - huge potential! Electrolyte production is coming. UET final strategic partnership details. Leasing partner news. Imaloto coal, BFS due. Dividend policy is being announced this quarter. JSE listing coming up. Investment in Afritin Mining - first production this quarter. Other company resources, iron ore, titanium, phosphate. All the fundamentals point to a significantly higher share price than current levels. An incredible 2019 is still coming up! :) DYOR

Agreed Rob.
Also, max buy on II is just over 30,000 shares at 27p.

Looking good :)

Buying is now at the bid price.

There's certainly not many left to buy at 27.5p.
Max buy with II is just 15,000 shares.

That was when the bid was at 26.5p.
It has since ticked up :)

The MMs seem to want our shares now.
I can currently sell 500,000!

Hold tight, we're moving up! :)

Buys at the bid price of 27p.

Uksteveg, SP Angel’s target 87p of was based on FeV prices of $75 per kg for 2019,2020 and a long term price of just $45 per kg. They are very conservative FeV targets and I would be very surprised if FeV doesn’t trade massively higher than those targets over that timeframe. The supply deficit will kick in over the next few months.

2 more 75k's for me, bargain!
Going out now, honestly :)