Member Info for Nickderby

Agreed.

Everyone seeing a bargain, with initial production starting in Q4 and further exploration showing what a huge tin resource we have here.

Lowest cost quartile expected, robust economics etc! :)

Fortune Mojapelo....

'Having completed the transformational acquisition of Vametco, we look forward to the year ahead with added confidence as we continue to diligently execute the strategy that we have articulated across all of our platforms. The transformation to a producer with healthy cash flows, while very satisfying, is only a step in our journey to build one of the most significant lowest cost vertically integrated vanadium companies in the world.
There is much work ahead and I am very confident that we have the right asset base, the right strategy and the best team to deliver it.

The story of Bushveld Minerals is not yet half told. '

Looking forward to the other half and more! :)

African :)

*report*

From the annual repot...

'The Company’s vision is to grow into a significant, low cost, vertically integrated vanadium platform that comprises:
• One of the largest high-grade primary vanadium resource bases in the world, as well as becoming a leading primary vanadium production source;
• A low cost position on the production cost curve, leveraging the high in-situ and in-magnetite V2O5 grades and the open-cast mining proposition of Bushveld’s deposits, as well as access to low cost brownfield processing infrastructure; and
• Development of downstream operations beyond production of end-use vanadium products to include development and deployment of vanadium applications in industries such as the energy storage market, where Bushveld intends to manufacture vanadium electrolyte and to build VRFBs.'

Pdub, I think my posts are probably quite clear on that one :)

Cash elephant!

From the annual report...

'We see 2018 as a transformational year for Bushveld Energy.

Development work to date is expected to yield results in the
form of:

1) Proving the Company’s capabilities and securing its position as a developer and integrator of utility scale energy storage projects by delivering its initial projects and securing large scale energy storage mandates in Africa;

2) Positioning itself as a key electrolyte supplier, by supporting the global industry through the low cost production of
electrolyte while securing offtake agreements; and

3) Securing additional strategic relationships with downstream stakeholders in the global vanadium battery supply chain and electrical power developers and producers operating in Africa.

With these developments, the company will be in a position to outline its business model, cash flow capabilities and valuation contribution within Bushveld Minerals.'

Very interesting times in Q2 for BE, demonstrating its cash flow capabilities and valuation within BMN :)

'Bushveld is committed to delivering attractive returns to its shareholders. During the second half of 2018, the Company will define a capital allocation framework, which will outline the Company’s approach towards shareholder returns, including a dividend policy designed to encourage capital efficiency, to support the Company’s growth initiatives while simultaneously rewarding investors.'

There is so much cash being generated, they're planning on rewarding shareholders even more.

Just tried a dummy buy and can't even buy £100 worth.
Come on MMs, do your job.

'American ferrovanadium prices were unchanged at 39.0-40$/lb V.'

That is $85.8-$88 per kg.
Excellent prices bring achieved :)

European ferrovanadium prices $80.75 - $82.5kg V.

https://www.vanadiumprice.com/european-fev-prices-went-down-2/

Even the currencies are still moving in our favour.

Rand/$ at 13.95 reducing our production costs (at guidance of ZAR205) to $14,695 per tonne. Excellent!

$/£ still falling, now at $1.2775 to the £, increasing our sterling revenues and therefore our profits.

Cash elephant! :)

Declared trades are now around 450k more buys than sells, so if the 425,540 sell has gone through again, it is now well covered and we are ready to advance again.

A blue afternoon ahead! :)

Max buy at 27p on II is just 65,000 shares.
We're moving up :)

Martyboy, thanks.

I tend to use a d v f n for checking share trades, because it is real time and also the desktop version of LSE.
My trades don't appear on either of these, but as you say the trades are there on the mobile version of LSE.

How strange.

Alfa, I have no idea why there is such a delay, but it is certainly a crazy situation.

Its nice to see interest in AfriTin increasing with initial production starting next quarter.
A good time to get on board.

Nice buy df.

I don't know how long trades can be delayed for, but two of my 500k trades from Monday haven't been published yet.
That's ridiculous.

'Chinese ferrovanadium market has been tight in supply and the production shows no signs of resumption. The manufacturers with large production have to reduce production due to the environmental inspections or low availability of raw materials. Most factories in production are producing according to their contracted orders and August production has been scheduled fully, without intention of storing up materials. Meanwhile, middlemen can’t find materials.'

https://www.vanadiumprice.com/ferrovanadium-stocks-sit-at-lows/

I'm being quoted 27.25p to buy 20,000 shares.
We're on the move again.

Alfa, very interesting.

Great assets, supply shortage and a proven management team, it looks like we are going to have an exciting ride here too! :)

Faramog, it’s not from the RNS. The quote is taken from this article. http://m.miningweekly.com/article/first-tin-concentrate-to-market-q4-afritin-2018-07-30/rep_id:3861