Member Info for Nickderby

Knuttie, good luck with the consultant tomorrow. I really hope your wife’s cancer is operable. Difficult times, but try and remain positive.

I think it must be warrant related or YD.
Why would any of us here sell that amount of shares at this stage in the company's growth.

This share is life changing!

Hold or buy more surely :)

Knuttie, sorry to hear that.
Hope you both feel much better soon.
All the best.

Buys are going through at the bid price according to my II dummy buys.

NickyP, ours was applied for in March 2015 also.

https://otp.investis.com/clients/uk/bushveld_minerals/rns/regulatory-story.aspx?cid=1344&newsid=652552

Mokopane licence due in the next few days, plus development news?
Wouldn't that be an exciting end to the month!

Its been imminent for far too long.

We are expecting first performance data from the Eskom VRFB this quarter.

'Bushveld Energy and Eskom expect to receive initial data on the VRFB's performance at the facility during the coming quarter.'

In fact to back that last statement, the max buy at 22.7p is now only 35,000 shares.
Upwards we go, he says hopefully....

My calculations show buys of 1.027m and sells of 243k so far published today.
Net buys of 784k.

That should easily clear out today's 546,250 sell, so hopefully buys should now start to put the SP up again :)

A nice 250,000 buy at 8.27am.
It was 22.5p to buy at that time and that trade increased the offer up from 22.5p to 22.65p.

I expected a decent buy around that time :)

Currently 22.5p to buy, (that's the bid price).

It’s certainly a strange time to be selling and these large sells must be warrant related. The latest FM and MN interviews and the Proactive article below show what an incredible investment we have all made. Everything is going nicely to plan and I’m sure that plenty will be revealed over the coming weeks. A very exciting period coming up! :) http://www.proactiveinvestors.co.uk/companies/news/201551/the-recent-stellar-growth-from-bushveld-minerals-may-just-be-a-harbinger-of-things-to-come-201551.html

I find it frustrating how the MMs mark the price down but don't allow any buying.
They have been trying it on all day.

Max buy with II is currently 12,000 shares.

A great Proactive article, stay patient everyone.
Our time is coming! :)

They drop the offer to 22.3p and then don't let you buy any.
Typical.

Definitely a 200k buy at that time.

There are plenty of miners down today, especially on AIM.
The FTSE miners involved with copper have done well today though.

Let’s get the day off to a good start start with a reminder of the current FeV prices across the regions. Current FeV prices.... China $79 - $83 per kg. Europe $81 - $83 per kg. US $84.9 - $86.9 per kg. Add on our 5% Nitrovan premium and what do you get? Huge profits! This is such an excellent time to be a primary vanadium producer.

Capa, the growth prospects here are incredible. Imo, the market will assign a PE ratio significantly higher than 15 (over the next few years) as Institutions start to buy into the Bushveld story, VRFBs and the large structural supply deficit. The PE ratio may well settle at between 10 and 15 after a few years as growth %’s decline. We will have to agree to differ on this one. As a shareholder I’m sure you are very happy with your investment though :)

‘South Africa's All Share recorded a monthly P/E ratio of 18.17 in Apr 2018, compared with 17.72 from the previous month. South Africa's All Share P/E Ratio is updated monthly, available from Apr 2013 to Apr 2018. The data reached an all-time high of 30.53 in Jan 2017 and a record low of 15.89 in Jun 2013. Johannesburg Stock Exchange provides monthly P/E Ratio.’

A PE of 15 is lower than the average. Our growth prospects should enable us to have a higher than average PE.

https://www.google.co.uk/amp/s/www.ceicdata.com/en/indicator/south-africa/pe-ratio/amp

Starting with a gross profit figure of $280m and taking those figures further...

Royalties at 7% would give us a cost of just under $24m.
Admin expenses, taking into account the previous year's Vametco accounts should be well covered at $14m.

So projecting forward the next 12 months at current FeV prices and current production, that would give us $242m net profits, around £183m.

Current share (at 59.1%) would be £108m.
Future share (at 70%) would be £128m.

Imo, BMN remains a bargain at the current share price/market cap.

Then we have the increase to 5,000 tonnes pa, 10,000 tonnes pa, plus everything else.
I'm really looking forward to the coming weeks, months and years!