Member Info for Nickderby

Sorry Alfa, just seen your post.
Quite similar totals :)

All trades are now showing as sells.
Buy price is below the mid price at 19.24p.

I make it around 440,000 net buys so far today.

Bassguy, no idea.
As soon as the offer dropped to 20.5p, i clicked buy and that was the price given.
It was 20.37p to buy when the offer was 21p.

Alfa, FYI that 100k sell at 20.2199p is actually my buy.

Yes, very weird.
Max buy 100,000 shares, max sell 500,000.
They seem to want shares!

A summary of the latest broker targets.

SP Angel - target 82p.
This is based on FeV prices of $45 per kg for 2019 and a long term price of $45 per kg.

http://www.bushveldminerals.com/wp-content/uploads/2019/11/Bushveld_Vanchem_Deal_Completion.pdf

ARC - target 43p.

This includes nothing for Vanchem or Bushveld Energy.

Also, it is based on FeV prices of:
$49 per kg in 2019,
$45 per kg in 2020 and beyond.

However, their target share price increases to 96p, using an FeV price of $55 per kg and a discount rate of 5%.

http://www.bushveldminerals.com/wp-content/uploads/2019/10/BMN_300919.pdf

BMO Capital have initiated an outperform rating and a target price of 55p.

They use long term FeV prices of $40 per kg.

They also say...
‘Increased intensity of use in China and beyond could see significant support to the vanadium price going forward. Even a 10% increase in price over our existing forecast, whilst using existing multiples would increase our target price to £0.70/share.’

https://research-ca.bmocapitalmarkets.com/documents/D1A05CFA-6101-4F16-8646-A9AB04A239F3.PDF

Finally, Peel Hunt have a buy rating and give a short term target of 45p, with ‘solid near term growth plans’ as well as ‘further upside’ expected.

Remember, Fortune Mojapelo..... ‘The story of Bushveld Minerals is not yet half told’.

All the above targets show why BMN is just at the beginning of its journey north.

DYOR.

After a very successful October and November, let’s have a reminder of what we can look forward to over the next few weeks/months....

Q4 Vametco production report, due late January/early February. It will be interesting to look out for increasing production due to further efficiencies.

Q4 update for Bushveld Energy showing further progress made in the quarter. Eskom VRFB testing news/tender. Contracts?

Q4 Lemur update.

Other news in no particular order...

Vanchem upgrade program news.
News of phase 3 increases in Vametco production capacity.
Vametco mini grid news.
Mokopane mining licence.
Mokopane news of early revenue generation.
Mokopane DFS news.
Vanadium price starting to increase again due to the structural supply deficit.
Details of projects BE are currently working on.
Bushveld Energy contracts (from the hundreds of enquires received).
Eskom VRFB testing news.
Eskom tender/contract news.
Electrolyte production facility progress.
UET final partnership details.
Leasing partner news.
Additional leasing contracts through Avalon Energy.
BE partnerships and critical supply agreements.
News about the BE production facility.
Enerox acquisition news/final DD.
Red/Avalon acquisition of strategic interest, further news.
Further strategic investments in VRFB companies.
More information re the VRFB Investment Platform (VIP).
Imaloto coal BFS.
Imaloto coal platform sale/spin off news.
Afritin production news/production ramp up.
Johannesburg listing.

Possible suitors looking to take over/partner with ‘the most significant, lowest cost, vertically integrated vanadium company in the world’
Etc!

All looking good for 2020!

DYOR of course :)

What an unprecedented couple of months.

Mokopane mining right application agreed.
Vanchem purchase price reduced by $14.5m.
Vanchem acquisition completed.
Early settlement of YD earn out.
Debt facilities of R375m agreed.
Redt/Avalon support news, with opportunity to acquire a strategic interest.
A right of first refusal to supply them with vanadium, vanadium electrolyte and vanadium rental.
News of our strategy for partnering with other VRFB companies.
Potential Enerox acquisition subject to final due diligence.
A right of first refusal to supply them with vanadium electrolyte too.

Not forgetting the appointment of a very experienced Financial Director.

The crazy undervaluation here gets worse.
Coiled spring!

Well done to FM and his team :)

SOTRR, agreed.
When you factor in phase 2 and production of 5,000 tonnes pa, the profit figures are enormous, especially compared to the current market cap. AV has stated that a lot of the finance for phase 2 will be via debt, limiting the dilution. Dilution is a dirty word at ATM.

There should be incredible returns here over the next few years. We seem to be flying very much under the radar at the moment. I am sure things will change.... :)

It looks like the two 'sells' at 21.5p were probably buys, the offer has risen to 21.68p (not live).
Bring on the news! :)

21.5p to buy and to sell with II.
That will confuse us! Obviously everything will show as sells for a while....

Since September....

Orange Trust up 5m.
Acacia down 7m.
Golden Summit unchanged.

Pb940, the timing sounds about right :)

Adding to my earlier list of excellent news for the last month, next week we should see Vanchem completion and assuming we get the Q3 production report, increased Vametco production. Quite a spell of news!

Who knows what else Fortune could treat us to! :)

What an unprecedented month!

Mokopane mining right.
Vanchem purchase price reduced by $14.5m
Early settlement of YD earn out.
Debt facilities of R375m agreed.
Redt/Avalon support news, with opportunity to acquire a strategic interest.
A right of first refusal to supply them with vanadium, vanadium electrolyte and vanadium rental.
News of our strategy for partnering with other VRFB companies.

Not forgetting that we started the month with the appointment of a very experienced Financial Director.

The market will have to take notice soon....

Well done to FM and his team :)

The MMs are happy to take shares off us cheaply at the moment.
Current max sell with II is 2.5m.

Hold on tight! :)

Another great RNS.

$14.5m saving on the deal, only $23.2m (30m-6.8m deposit already paid) coming out of our cash reserves leaving plenty to carry out improvements in capacity at Vanchem, Vameto and also get Mokopane moving along!

Great news!

Well done Fortune and the BoD, again! :)

Finally!!!!!! :) :) :)

2 x 1,000,000 buys at 21p have just gone through! :)

The short is now down to 0.42%.

https://shorttracker.co.uk/manager/public-equity-partners-management-lp/