Member Info for Nickderby

Can’t buy any at 18.3p.

Kev, lol. Just had another at 17.3p. Bargain prices!

Just had another 100k in the summer sale :)

Yes, below the mid price so marked as a sell. It’s definitely a buy.

Had another 100k. Offer now up to 17.7p

Buy price now 17.4p. Very tempting..... :)

Glencore bets on South Africa as Ramaphosa promises revival.

https://www.bloomberg.com/news/articles/2018-06-25/glencore-bets-big-on-south-africa-as-ramaphosa-promises-revival

Loving the headlines today..

'Chinese FeV and VN price indexes soar'.
'FeV and VN alloy prices continue sharp increase'.
'Pangang vanadium prices skyrocket'
'V2O5 prices jump in China, Europe on low availability'.

https://www.vanadiumprice.com/

Looking at the published trades, there are around 650k more buys than sells so far today.
I keep expecting a few delayed sells to appear, but nothing yet.

Cindercone, I admit it is still low, but SP Angel raised their target to 25p in April.

https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Upgrade_27.04.18.pdf

Pascha, I really don't expect a drop on results day. Even if the MMs do try it on, it won't be by much and it will be very short lived as there will be many buyers waiting to take advantage.

There is just too much news due and the FeV price is going mental.

IMO, the current buy price of 17.74p is a bargain.

DYOR

It doesn't really matter what happens on results day.

I am focusing on the share price when we are producing 5,000 tonnes pa by the end of next year, with Nitrovan selling at a minimum of $80 per kg and our Vametco holding increased to between 70%/74%.

PE of 15 would give a share price in excess of £1.40.

All for just 18p! :)

Still rising very nicely :)

https://www.vanadiumprice.com/both-fev-and-v2o5-prices-jumped-in-europe/

Mokopane post tax NPV at a V2O5 price of $18 is up to $1.463 billion.
Bring on the mining licence!

In the current incredible vanadium environment, it seems sensible to buy on the dips and remain patient.

Just think of the increasing FeV price, increasing vanadium shortage and our increasing FeV production.
BMN is in an incredibly good position.

The market will catch up.... :)

Buy at 18p, NT to sell.

What really is interesting is the latest V2O5 price . Touching $18! I’m not at my computer at the moment, but just consider what that does for the Mokopane NPV and profitability. It’s off the scale! What a great time to be a vanadium producer and not just a wannabe :)

Compass, the accounts that will be issued sometime next week will be the year end accounts. Don’t forget the figures won’t be very good, it’s the commentary that comes with the accounts that will be more interesting. I posted this the other day. ‘The next full accounts are the year end accounts (which actually cover the 10 month period to 31st December 2017). I don’t expect these to be very exciting; they will show a loss due to the poor first 6 months to 31st August 2017. The first 6 months were hit by the Afritin demerger write down of £7.6m, causing an interim loss of £6.7m. During the final 4 months of this period, from 1st September to 31st December 2017, we only held a minority interest in Vametco, so the revenue/profits generated by Vametco can’t be consolidated into the group accounts. These profits will be accounted for under the ‘equity method of accounting’. In late December 2017, we acquired the majority Vametco holding and so from that point we will be consolidating the Vametco figures into our group accounts. The next quarterly production figures to 30th June 2018 will be out in July and these should show increased production for Q2. The very important H1 figures will be published by 30/9/18. These figures should be exceptional with FeV averaging over $60 per kg in Europe for the first 6 months of the year and even higher in the US. (And rising!) There is plenty of other news expected that will drive the share price over the next few weeks/months’. Very exciting times ahead :)

KP, we have never been more de-risked here. Profits increasing by the day, production increasing, costs going down. We should all be relaxed. The day to day price movements are unimportant. Enjoy your gardening :)

Even the currencies are still moving in our favour. Rand/$ at 13.736 reducing our production costs (at guidance of ZAR205) to $14,924 per tonne. Excellent! $/£ still falling, now at $1.314 to the £, increasing our sterling revenues and therefore our profits. Cash elephant! :)