Member Info for Nickderby

News. There are so many possibilities that will push this re-rate much further. Half yearly & quarterly figures - profitability significantly improving each quarter as the vanadium supply shortage keeps growing. The acquisition of the Sojitz minority holding in Vametco increasing our share to 74%. Mokopane mining licence - imminent! Mokopane news of early revenue generation. Brits vanadium drilling news, very high grades expected, thereby reducing Vametco production costs even further. Bushveld Energy contracts. Eskom VRFB agreement news. Electrolyte production news. FeV prices rising and production increasing further. Brownfield acquisition to increase our production capacity further. Imaloto coal BFS, by 30/6. Imaloto coal platform sale/spin off. Etc! DYOR of course :)

Just look at the profitability, the market cap and the low PE ratio. Then consider the vanadium shortage, the increasing Vametco production and the Sojitz share acquisition. Plus everything else to come! Short term fluctuations aren’t important. The Company is achieving all of its targets and the share price in a year’s time will be multiples of the current level. Good times ahead! :) DYOR

Bargain basement prices here. Definitely a ‘buy on the dips’ time. £1 coins for 19.225p :)

I wouldn’t be surprised to see more warrants being cashed in. We will no doubt find out soon enough.

Alfa, that would be useful. I believe the late trade at 16.37 of 500,000 was a buy. At the close the spread with II was 20.07p to buy and NT to sell.

ClarkG. With hindsight, trading this fall would have proved very profitable, however a far too risky approach for me. There is too much news that could fall any day now. Big news that could transform the share price from these levels. I certainly wouldn’t recommend anyone takes that risk. I’ll be in the market for more shares later this week. Coiled spring! :)

Someone is confident. Buys still at 20p.

Buying is possible at the bid price of 20p atm.

A reminder of my thoughts post webinar.... Imo, there is an excellent chance that Bushveld’s share price will be well in excess of £1 next year. Firstly, the recent webinar confirmed our thoughts on the future of the FeV price. Demand/supply forecasts show that it is going to be a very favourable period for all vanadium producers over the next few years. The supply shortage is set to continue; there will be growing vanadium demand and only limited new supply coming on line, mainly through our own expansion and from Largo’s expansion. Therefore the FeV price will remain very strong throughout this period and from a starting point of around $70 to $75 per kg, any bounce will be very positive for both BMN’s profits and therefore it’s share price. Secondly, we know that Phase 3 of the Vametco expansion is underway and is likely to be finished ahead of schedule, taking our production to over 5,000 tonnes pa. Thirdly, the planned Sojitz buyout will take our Vametco share to 74%. Buying out Sojitz and producing 5,000 tonnes pa at an average FeV price of $75, gives Bushveld profits after tax of £98m, giving a forward PE of just 2.24, at the current share price of 20.4p. With our incredible growth prospects, I think it is easy to justify a PE of at least 15. That would give us a share price based on those figures of £1.37 later next year. The FeV price almost certainly has further to rise from its current levels, increasing our profits and therefore our share price even further. Also, bear in mind that this valuation only takes into account our share of Vametco. We also have so much more to come. In no particular order... Mokopane mining licence (imminent). Details of Mokopane early revenue generation. Brits vanadium resource news. Bushveld Energy contracts/progress. Electrolyte production news. Eskom VRFBs. Potential brownfield addition. Imaloto coal. etc! It’s been said many times before, Vametco is definitely just the launchpad. Bring on £1 and beyond! DYOR of course :)

Don't worry about vanadium prices, they are still only just off multi-year highs. Our profits at these levels are beyond our wildest dreams. I remember when we first bought Vametco, I was hoping for FeV levels of $30,000 per tonne. That price has been well and truly smashed. We are in dreamland and the prices have no option but to increase further when you consider the future demand/supply position. Good times :)

The US FeV price is proving very resilient. $32.25/$33 per lb is still a beautiful $70.95/$72.6 per kg. Add on our 5% Nitrovan premium and we get to a selling price of between $74.5/$76.23 per kg. The average US FeV price over the last 13 weeks is $73.3 per kg, so Nitrovan is potentially around $77 per kg for this period. More than 50% of our revenues are generated from the US. Supplies remain very short, demand is increasing and so the FeV price is only going to end up going one way. Higher! It needs to be said again... Perfect storm, cash elephant and dreamland! :) DYOR

Next stop 38p-40p - just for starters! I've always liked Zak Mir :)

7 of the last 8 'sells' are of course buys.

I'm being quoted 21.2p to buy.

There are so many possibilities that will push this re-rate much further. Half yearly & quarterly figures - profitability significantly improving each quarter as the vanadium supply shortage keeps growing. The acquisition of the Sojitz minority holding in Vametco increasing our share to 74%. Mokopane mining licence - imminent! Mokopane news of early revenue generation. Brits vanadium news, very high grades expected, thereby reducing Vametco production costs even further. Bushveld Energy contracts. Eskom VRFB agreement news. Electrolyte production news. FeV prices rising and production increasing further. Brownfield acquisition to increase our production capacity further. Imaloto coal BFS. Imaloto coal platform sale/spin off. Etc! DYOR of course :)

This is just the start of the Bushveld story, there’s a long way to go! Blue chip institutional investors are now on board. Experienced mining entrepreneurs are now on board. Atlas convertible loan notes settled early. 59% of Vametco currently owned. Our Vametco share will be increasing to 74% with the acquisition of the Sojitz minority holding. Vametco 2018 profits are looking enormous at the current FeV prices and production levels. Our share of Vametco profits after tax are over £1m per week at current production guidance and FeV prices of $75/kg. There is a world vanadium supply deficit. The new Chinese rebar standards will increase vanadium demand by a further 30%. The Chinese are banning the import of vanadium s l a g. China’s environmental crackdown is ‘fueling an already potent price rally’. Vanadium prices have reached multi year highs already. China, one of the largest vanadium producers in the world, is expected to become a net importer of ferro-vanadium in the future. Vametco annual vanadium production is increasing to 3,750 tonnes in July this year and we are targeting production levels of 5,000 tonnes pa by the end of next year. All production increases paid for through operating cash flows. Guidance for 2018 is 3,680 tonnes of production (Nitrovan/FeV). We are on the lookout for more brownfield vanadium production facilities to increase our capacity further. Our Mokopane mining licence is due any time. Mokopane early revenue generation is coming. The current V2O5 price is making our Mokopane vanadium project hugely profitable. Brits vanadium, very high grades expected, thereby reducing Vametco production costs even further. Bushveld Energy is in the very exciting VRFB sector. BE has agreements with UET and IDC. Plus an agreement with Eskom, the SA national power utility, for the installation of a VRFB with peak power of 120kW and peak energy of 450kWh. Electrolyte production is moving forward for production in 2019, from two plants. Imaloto coal has a MOU with Sinohydro. Imaloto coal BFS is expected imminently. Lemur has signed a binding 30 year power purchasing agreement with the Madagascar state-owned utility JIRAMA. Potential coal platform sale/spin off. We own 17.48% of Afritin Mining. Other resources, iron ore, titanium, phosphate. South Africa politics are improving significantly. Zuma and his corrupt cronies have gone/are being removed. Cyril Ramaphosa is the new president with his business friendly approach. Ramaphosa’s South Africa is becoming investor friendly and encouraging foreign investment. All very positive for business and mining in South Africa. IMO 2018 is going to be spectacular. DYOR of course :)

All that we need to focus on... Using the production guidance of 3,680 tonnes, FeV at $75 per kg and all in costs of $25 per kg (conservative), Vametco generates $184m net profits, our share is $107m. That gives us profits after tax of £57m and a forward PE of just 3.97 at the current share price of 21p. A fair PE of 15 would increase our share price to 80p. Production increases to 5,000 tonnes pa next year, increases our share of profits after tax to £77m, giving us a forward PE of just 2.93. A fair PE of 15 would increase our share price to £1.07. Taking out Sojitz and producing 5,000 tonnes pa at the current FeV price increases our profits after tax to £98m, giving a forward PE of just 2.30, at the current share price of 21p. A fair PE of 15 would increase our share price to £1.37. This just takes into account Vametco. Bring on Mokopane, Brits, Bushveld Energy, electrolyte, Eskom, brownfield, Imaloto coal, etc! :)

Alfa, you may be slightly conservative on the Nitrovan prices currently being achieved. Over 50% of our product is exported to the US. FeV US is currently $32.25-$33 per lb, that is $70.95-$72.6 per kg. Add on Nitrovan premium and you get $74.5-$76.23.

A buy of 750,000 shares has just popped up from yesterday afternoon.

I'm not a chart person but our RSI is at its lowest level since the re-rate started back in March and we have just hit the 20 day MA where we have bounced in the past. It must be buy on the dips time, ready for the next RNS. Bargain! :)