Member Info for Nickderby

Alfa, I use this site. Although for some reason BMN isn't on it!

https://uk.webfg.com/index/FTSE_AIM_All-Share

About 80th.

LS, no problems.
It's definitely worth saying twice.
Or even three times....

$80 in Europe! :)

European FeV prices boom on high buying interest.

'On July 4, European ferrovanadium prices rose to 76.5-80 $/kg V'

https://www.vanadiumprice.com/european-fev-prices-boomed-on-high-buying-interest/

Amazing! :)

Now 22.8p to buy (the bid price!).

Daitom, lol. FM is always buoyant :)

Daitom, don't worry too much about sellers. Its just a healthy market, there will always be sellers.
Anyway, we need sellers to provide liquidity.

'Chinese export prices jump with spot units in limited supply amid persistent foreign inquiries.
European ferro-vanadium prices surge in the second half of the week after sellers hold firm with their offers.
Thin spot supply, strength in foreign markets fuel US ferro-vanadium prices.'

VN alloy prices have skyrocketed by 120000 rmb/ton within one month!

https://www.vanadiumprice.com/vn-alloy-prices-have-skyrocketed-by-120000-rmb-ton-within-one-month/

https://www.vanadiumprice.com/global-vanadium-wrap-tight-supply-continues-to-fuel-global-ferro-vanadium-prices/

Good times! :)

It's currently 22.2p to buy and sell.
That will make analysing the trades difficult.

An update of Mokopane economics based on the current V2O5 price. Forecast annual production 9,525 tonnes V2O5. OPEX $7,200 per tonne. V2O5 price today is touching $19 per lb, which is $41,800 per tonne. Therefore gross profits of $34,600 per tonne. That gives around $329m pa gross profits. Say around $265m net profits, after royalties, depreciation and admin costs. Our share 64%. Also, the Mokopane Post tax NPV at $19/lb is $1.578 billion. Incredible figures. Now where is that mining licence! :)

Actual spread on II is now,

Buy 22.25p
Sell 22.2p

Rising fast and no shares available to buy at 22p :)

From the year end accounts.

‘Bushveld Minerals is considering the option of listing on the Johannesburg Stock Exchange in the near future, a move that will allow South African investors access to its story while broadening the Company's access to capital to facilitate its aggressive growth plans and enhance its profile further in the global capital markets.’

The near future.

Watch this space...

That’s a potential US Nitrovan price of between $83 and $86 per Kg.

Incredible! :)

‘On June 29, European ferrovanadium prices rose to 73.5(↑1.1)-75.6(↑1.6) $/kg V,equivalent to Chinese FeV 50 at 243200-250100 rmb/ton; and European vanadium pentoxide prices narrowed to 17(↑0.5)-17.5(↓0.5) $/lb V2O5, equivalent to Chinese V2O5 flake at 243400-250500 rmb/ton. American ferrovanadium prices also increased to 36(↑1.5)-37.3(↑1.8) $/lb V.’ Wow, look at the US FeV price :) https://www.vanadiumprice.com/global-vanadium-market-jumped-again/

RichKen, good post.

Actual spread is currently 20.65/20.75p.

BMNfan, I was actually pleased to get through these year end figures unscathed.
That’s the last of the potentially negative news (losses), it’s all positive from now on.

Lots of transformational news to come now. I would expect us to be much higher than today’s close by the end of July and significantly higher than that by the time H1 figures are released.

A very exciting period coming up! :)

DYOR

Just a quick comment as I’m away at the moment.

Excellent results, the large loss in the first 6 months almost cleared.

Expansion looking good. ‘Through its expansion initiatives at Vametco, as well as targeted brownfield opportunities, the Company is looking to expand its production to 5,000 mtV by the end of 2019 and to more than 10,000 mtV in the medium term’.

Dividends/shareholder returns being discussed.

The Q2 figures due next month and H1 accounts due by the end of September are looking incredibly good.

As FM says ‘The story of Bushveld Minerals is not yet half told‘.

Very exciting times! :)