Member Info for Nickderby

Knuttie, ‘catastrophic’ - seriously? I think you need to calm down a bit ;)

Don’t forget ARC like to use low future vanadium prices also. Their latest broker note... ARC - 36.2p. But their target increases to 95.8p at an FeV price of $80 per kg and Rand/$ rate of 13. Or using a discount rate of 5%, ARC have a share price target of £1.58. http://www.bushveldminerals.com/wp-content/uploads/2018/09/Bushveld-Minerals-increases-underlying-interest-in-Vametco-to-75.pdf The brokers are in agreement that if vanadium prices stay high we are massively undervalued :)

Surely we’re not going to have this negative broker chat all weekend. SP Angel are actually very positive about BMN. John Meyer is always giving hugely positive interviews about the Company. Also, remember his recent target. ‘SP Angel - 34.2p. But their target increases to £1.34 at an FeV price of $85 per kg’ https://www.**********.co.uk/articles/sp-angel-s-morning-view-miners-gain-amid-fragile-risk-on-sentiment-a112914/ (missing bit is v o x markets . co .uk). It’s only the future of the vanadium price where we differ, but he even admits that if the vanadium price were to remain at just $85 we are currently worth £1.34. Hardly a negative broker! :)

We're moving up!

27.5p/28.125p

NT to buy at 27.5p at the moment.

Daisydog, the licence is a given.
Around 3 years is quite normal, ours will be with us anytime now :)

V2O5 at $26.9 per lb, gives an post tax NPV of just under $2.5 billion for Mokopane.
FM must be fighting people away.

What an incredible asset!

*bouncing

Largo is bounce back nicely today - up 7.5% at the moment. Our turn is coming.... :) We’re a patient bunch, my 5 year anniversary is only days away.

A 3p dividend based on 2019 profits would be easy.
It would be a dividend policy of 25%, leaving 75% for reinvestment and growth.

Cash elephant! :)

BiffyBoy, that’s a really difficult question. There are so many triggers that could give us a huge re-rating. The obvious ones, Mokopane licence, brownfield acquisition, Eskom contract, dividends and takeover! If not before, I would expect the profitability in Q4 to send us into orbit. I posted this the other day... ‘Q3 figures should be out late October, early November. Although impacted by the industrial action, they should still be good due to the increasing FeV price. Q4 will be astronomical. 2019 figures will be absolutely incredible. But it’s not all about the quarterlies, it’s the upcoming news that will move the share price into orbit. We have a very exciting last few months of 2018 coming up. Soaring vanadium prices caused by the structural supply deficit. News of any phase 3 production upgrades carried out during the industrial action. Mokopane mining licence. Mokopane news of early revenue generation. Brits vanadium drilling news, very high grades expected, thereby reducing Vametco production costs even further. Brits vanadium JORC. Vametco drilling results. Bushveld Energy business model cash flow capabilities and valuation details. Bushveld Energy contracts. Eskom VRFB news. Electrolyte production news. Brownfield acquisition (Vanchem?) to increase our production capacity further. Imaloto coal BFS. Imaloto coal platform sale/spin off. Afritin production commencing Q4. Dividend policy information - H2. Johannesburg listing. Possible suitors looking to take over/partner with one of ‘the most significant, lowest cost, vertically integrated vanadium companies in the world’?? Etc!’ DYOR of course :)

Sorry the link should have been:-

https://www.vanadiumprice.com/chinese-vanadium-pentoxide-powder-suppliers-hold-back-from-selling/

Is absolutely flying. My huge Mokopane figures from this morning have already been smashed! The source ‘predicted that prices for Chinese vanadium pentoxide powder 98%min would be over RMB450,000/t (USD30.10/kg) in the coming week’ http://www.vanadiumprice.com

27.5p to buy.

Headancer, if you're talking about the 100k trades yesterday afternoon, the last 6 were definitely buys.

Tones, it was expected by the end of Q2.
So it must be imminent ;)

Now some available to buy at 27.985p.

Still NT to buy at 28.5p.
Fill or kill time if you want any.

At the current Chinese V2O5 price of $25.5 per lb, Mokopane has a post tax NPV of $2.324 billion.
Quite incredible.

Bring on the mining licence! :)

That explains the lack of shares available at the close.
170,000 buy and three 100,000 buys.

It looks like around 600k buys in the last 20 minutes.

The sale is still on :)