Member Info for Nickderby

Endion, I can buy and sell 300,000 shares at the moment, so as you say plenty of stock around,
but also they are happy to take your shares.

Hold on tight! :)

Ignore the shenanigans, concentrate on the fundamentals. Production capacity is increasing. The FeV price is increasing due to the structural deficit. This structural deficit will be around for a minimum of 3-4 years. The new Chinese rebar standards introduced last month will increase this supply deficit even further. We are already making incredible profits. Cash flows are excellent. Dividends are being discussed this month. Then we have huge future growth to look forward to with further production increases from Vametco, Brits and Mokopane. Also, a brownfield acquisition, electrolyte production, VRFBS, Eskom contract, BE contracts/strategic partnerships, Lemur and Afritin production. Shareholders can only lose out by selling too early. Keep things simple, concentrate on the fundamentals and remain patient. That’s my plan anyway. The sale will soon be over! But of course DYOR :)

I didn’t expect to be able to buy again at below 38p. £2 coins for 38p, easy money! Buy the dips, don’t be scared out by the MM tactics :)

$/£ down to 1.25, increasing our sterling profits even further!

Very sneaky!
Now the offer is just under the mid so buys will still show as sells.

Conspiracy theories, haha :)

Endion - snap! :)

Just as a coincidence the MMs raise the bid to 39.2p in the last few minutes and then of course my delayed buy shows as a sell.

Call me suspicious....

Steve, hahaha. No T20 for me.
The have gone into my SIPP drawdown account :)

I've taken advantage and bought another 100,000 shares at 39.5p.
Bargain! :)

Uksteveg, the perfect buying opportunity for anyone with spare funds.
Take advantage of manufactured drops :)

The spread is really tight now.

Buy 39.5p
Sell 39.48p

Starting with a gross profit figure of $375m and taking those figures further... Royalties at 7% would give us a cost of just under $31m. Admin expenses, taking into account the previous year's Vametco accounts should be well covered at $19m. So projecting forward for 2019 at current FeV prices, current exchange rates and current maximum production capacity, that would give us $325m net profits, around £250m. Our current share (at 74%) would be £185m Imo, BMN remains a bargain at the current share price/market cap. Then we have the increases in production to 5,000 tonnes pa, 10,000 tonnes pa, plus everything else! I'm really looking forward to the coming weeks, months and years :) DYOR of course.

Rand/$ is currently 14.25. Even with the reduced productivity in 2018, the Company’s production cost guidance is ZAR250 per kg, giving production costs of $17.50 per kg. This will of course be significantly lower in 2019. Nitrovan sold to the US is now at a mid price of $117.50 per kg and production capacity is now at 3,750 tonnes pa. Even using the higher production costs, this gives Vametco potential Gross Profits of $375m going forwards. Quite incredible! Our share is currently 74%. Huge amounts of cash are being generated by Vametco! Due to the structural supply deficit, profits and cash generation are going from strength to strength. We have 3 world class vanadium resources. Roll on an FeV price of $150 per kg, it’s definitely coming... :)

A reminder for any new shareholders. This is from Fortune Mojapelo’s Indaba presentation earlier this year. From FM himself... At current FeV prices, current costs and 2018 production levels, Vametco "is a mine that is capable of generating US$150 million in Ebitda." This was stated when the FeV price was just $60 per kg. Even after the recent falls we are still well in excess of $100 per kg. US FeV is nearer $120 per kg. Our market cap at 40p is just under £450m. A bargain! When you consider the current vanadium supply deficit and the various factors affecting future vanadium demand/supply, VRFBS, the future is looking incredible. The world vanadium deficit is growing all the time. The FeV price is only going one way. Higher! The perfect storm.... :)

Max buy 110k, max sell 375k.
MMs are very happy to take your shares at these levels.

Therefore, its definitely time to buy! :)

FeV may be taking a breather, but I notice that US FeV is still at $114.40 - $121 even after the worldwide falls.
As over 50% of our sales are exported to the US, things are still looking incredibly good.

There is still a huge structural supply deficit, it won't be long before prices pick up and we are discussing $150 per kg FeV prices!

Dreamland continues..... :)

Buys going through at 41.135p

Very tight spread 41.125p - 41.135p

Madasahat, here is the extract from the 2018 Annual Report.

'The Environmental Impact Assessment was compiled as part of the Mining Right Application. The next step in the application process is the approval of the Company’s mine works programme and social and labour plan which will pave the way for the granting of the Mining Right.'

Q2 update -
'An application for a New Order Mining Right was lodged in March 2015 and is currently being processed by South Africa's Department of Minerals Resources. The Company is in ongoing discussions with the Department of Mineral Resources and expects the New Order Mining Right to be granted SHORTLY.'

Q3 update.
'The Mokopane Vanadium Project is a key part of Bushveld's vanadium strategy and the intention remains to secure the mining right and develop the greenfield project into a vanadium mine and processing plant. The Company continues to explore means to supply ore from the project to plants in China and / or elsewhere in the world.'

From these statements it seems that everything has been done by the Company and we are just waiting for the Department of Mineral Resources to grant the licence.

It is imminent! :)

The BFS hasn't been fully completed yet and no doubt they are waiting for the mining licence before finalisation of that document.

Daitom, you tried that one yesterday! :)

Onefcc, its typical Lucan.
Looking to pounce on any potential negative, even if there isn't a negative there! :)