Member Info for Nickderby

Kingivor, all companies have an additional 3 months to publish/file their accounts this year due to the Covid 19 pandemic.
I3E's new deadline will therefore be 30th September.

Knuttie lol. I can't take responsibility for those 100k buys, but I am tempted to get a few more at these crazy levels.
Coiled spring! :)

Devastating news Pdub. You are one of life’s good guys.
Even though I have never met you, I feel that I have got to know you over the years.
My thoughts are with you. Stay strong, keep fighting.

'BEIJING (Asian Metal) 13 May 20 – Currently, mainstream prices of Chinese ferrovanadium 50%min stand at RMB101,000-103,000/t (USD28.5-29.0/kg V) delivered D/A 180 days, up by RMB2,000/t (USD0.6/kg V) from last week. Inquiries keep active and most suppliers are optimistic for the market price tendency. Insiders believe that mainstream prices of ferrovanadium would edge up in the coming week.'

https://www.vanadiumprice.com/chinese-ferrovanadium-prices-increase-5/

There’s no requirement to publish/file anything within 3 months.

Colonel, AIM companies have 6 months to file their accounts, so you should expect them sometime in June.

Bushveld are in a better position than most junior miners to bring production back on line and comply with any Covid 19 safety procedures. From the 24th March RNS...

'The welfare of our employees and communities is a top priority at Bushveld Minerals, and over the past few weeks we established a Task Team to assist develop a comprehensive cross-functional response to the pandemic. A number of awareness, prevention, risk mitigation and strategies have been developed and are being implemented.'

Fortune - "I am pleased that our Covid-19 Task Team has shown tremendous leadership in ensuring that the Company is best prepared to weather this storm through a comprehensive awareness, prevention, and intervention programme, which includes critical business continuity measures to ensure that once the lock down passes we are able to ramp up our production quickly. An important priority of the Company is to ensure that the company's cash reserves and available facilities available to it are sufficient to not only see the company through the lockdown period but ensure a speedy ramp up once the lock down period ends.

We continue to evaluate our response to maximise the safety of our workers; ensure minimal disruption to our operations and where such disruption is unavoidable, as in this case, to ensure the company is in a financially sound enough condition to weather the storm. This will pass and I am confident when it has passed Bushveld Minerals will still be standing and continuing on its strategic path."

There doesn't seem to be any restrictions to re-starting production, up to 50% of capacity...

'SOUTH Africa’s mining sector would be allowed to ramp up to 50% of its productive capacity over the next two weeks as part of the government’s plans to slowly relax COVID-19 related lockdown regulations.'

https://www.miningmx.com/news/markets/41329-sa-mining-sector-to-ramp-up-to-50-of-production-as-govt-relaxes-lockdown-regulation/

Harel, you don’t appear to understand I3E’s strength here.
We have bought the debt and therefore have all the power.

If shareholders vote against the deal and the Company is in default (which it is), then I3E can take the assets as the debt is secured on the Toscana’s assets. The Toscana shareholders have no strength here.

Switching off for the weekend. Have a good one!

Harel, the chances of the Toscana shareholders voting against the deal are surely zero. They either take the deal or get nothing, they have no other options. As I3E have bought the Toscana debt, they already have the Company by the throat.

Vote against the deal and we close you down, as the debt is in default and then we take the assets anyway for nothing!
The Toscana directors and management have already agreed to the deal. It is now just up to the I3E directors to exercise their option.

'SOUTH Africa’s mining sector would be allowed to ramp up to 50% of its productive capacity over the next two weeks as part of the government’s plans to slowly relax COVID-19 related lockdown regulations.'

https://www.miningmx.com/top-story/41329-sa-mining-sector-to-ramp-up-to-50-of-production-as-govt-relaxes-lockdown-regulation/

Alfa, surprisingly I think those two 100k trades were buys, as that was the price I was quoted to buy after the first trade of the day.

Harel, I'm not surprised, its an incredible bargain for I3E (from a distressed seller).

From the RNS - 'and is a fraction of going market-based valuations for WCSB oil and gas transactions.'

Harel, the Toscana debt has effectively been cleared by the payment of $3.4m CAD.
I3E will own a debt free Toscana for a negligible outlay.

I think this poster from a d v f n sums it up well...

'They have just purchased Toscana's debt of c$28m from its lenders for just c$3.4m i.e paid just 12.1% of face value. After the deal is consummated, i3e will have paid effectively c$3.95m (£2.25m of which only £314k is paid for in i3e shares)) for a debt free Toscana. They should be able to secure new debt based on this income stream as well as getting their TSX listing in for free. Seems a very good and opportunistic deal to me. '

James, the 2018 tax liability will have been paid by 30th June 2019.

Lots of buys going through at the bid price.

Knuttie, I've been tempted to buy another 550,000 over the last week.
There seems to be plenty of other people shopping in the March sales! :)

There's another 79 trades after 11.20am.

Denno, I’ve had another 250,000 today.
My opinion - Get them while the MMs are giving them away! :)

Hi Denno, there are three main reasons why I post less frequently.

Firstly, there are so many other great posters around that I feel my input is less required now.

Secondly, the amount of trolling experienced over the last few years has made participating on the BB less enjoyable.

Finally, after my cancer scare I thought I’d better get a life! Lol.

I am still very much around and heavily invested in BMN. I am still expecting incredible returns over the next few months/years.

Coiled spring! :)