Member Info for Nickderby

43p to buy

Agreed Alfa. Quite possible! :)

Sorry Troajan, we will have to disagree on that one. A PE of 6-10 is nowhere near for a growth story :)

It’s nickderby by the way. Vanadium is certainly not rock bottom. It’s in its biggest boom of all time. The structural supply deficit will ensure it remains so for the next 3 years minimum. If VRFBS take off, it will be boom time for many more years to come! :)

The JSE average PE ratio over the last 3 years is 17.68. ‘So basically the graph is showing that for the last 3 years, the JSE All Share has traded above it's longer term average of 17.68’ https://www.southafricanmi.com/jse-pe-ratio-8aug2018.html

Interesting - ‘South Africa's All Share recorded a monthly P/E ratio of 14.343 in Oct 2018, compared with 15.190 from the previous month. South Africa's All Share P/E Ratio is updated monthly, available from Apr 2013 to Oct 2018. The data reached an all-time high of 30.533 in Jan 2017 and a record low of 14.343 in Oct 2018. Johannesburg Stock Exchange provides monthly P/E Ratio’. https://www.ceicdata.com/en/indicator/south-africa/pe-ratio

Exactly Pdub. Vametco has been trading for years already, producing 3-5% of global vanadium supply!

Troajan, It’s very easy to see why BMN will trade at a level significantly higher than that level. It’s been said before but it’s worth repeating. PE ratios are based on growth. The higher the growth the higher the PE ratio. I don’t need to tell anyone that the growth prospects here are incredible. As we are a growth company, we will attract a much higher PE ratio than the average. Just consider our potential growth prospects with production growth through Vametco, Brits and Mokopane. Plus brownfield acquisition, plus electrolyte production, plus VRFBS, plus Eskom, BE, Lemur, Afritin. Also, the huge structural vanadium supply deficit for the next 3-4 years will give our profits a huge boost. The short term deficit is even greater now that the new Rebar regs have kicked in. Imo, the market will assign a PE ratio significantly higher than 15 (over the next 12 months) as Institutions start to buy into the Bushveld story, VRFBs and the large structural supply deficit. DYOR of course :)

Anyone getting concerned about the vanadium price fall should remember that the structural supply deficit has gone nowhere. This is just a fall based on traders and a very quiet time of year. Albeit, a significant drop. Prices are still in dreamland! Even before the new Chinese rebar rules kicked in there was a huge supply deficit. In Jan/Feb vanadium prices will start to move up quickly again and most probably pass their previous highs. There just isn’t the supply to meet demand! Remember, even with low FeV prices SP Angel have a target of 87p. This is based on FeV prices of $75 per kg for 2019,2020 and long term prices of just $45 per kg. https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_UpgradeII.pdf BMN is just at the beginning of its journey north. Cash elephant! :) DYOR.

I don’t think YD had a lock in agreement. They just had an ‘Orderly Market Arrangement’. ‘During the Orderly Market Period, (YD) will only dispose of.....Ordinary Shares with the prior written consent of SP Angel or the broker for the time being of the Company if it is not SP Angel in such manner as they may reasonably require so as to ensure an orderly market in the Ordinary Shares’. http://www.bushveldminerals.com/wp-content/uploads/2017/11/247647-Project-Boost-120-dpi.pdf

Alfa, good luck with the trade analysis tonight.
More huge trades going through, but no great affect on the bid or offer.

There's some very large trades flying around today.
10.2m volume at the moment, although a few duplicate trades included.

Hopefully this will enable us to get rid of our seller quicker.
Then roll on the next re-rate! :)

Coffeecups, being a conservative sort of guy, I would say lower than 10p on first production.
After all, we are only talking around 65 tonnes per month initially. However, it will still provide good cash flow for the company.

I wouldn't complain if it went higher! :)

Although first production should give the share price a decent re-rate, I'm more excited about phase 2 production and even beyond that.

Max buy is just 10,000 shares at 43.5p.

A nice 500k buy at 44.35p.
Followed by our tame seller no doubt.

Bargain time!

Max buy is now only 60,000 shares at 44.5p.
The MMs are running out of shares again, games over!

Let's get moving up again..... :)

All buys so far this morning.
Moving up nicely.

Let's get that first production announced :)

43.93p to buy.

Can't even buy £1,000 worth at 3.4p!

Pdub, ATM is still a Bushy asset! :)