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The recent price movement shows an utter disconnect between the SP and the fundamental value -- which leads me to one obvious but unasked question --
Does anyone think the recent share price movement is someone trying to soften us up for a lowball takeover bid?
To let the market know:
That Vametco isn't an oil rig.
Mokopane isn't an oil exploration license.
Vanchem isn't an oil refinery.
Bushveld Energy ISN'T an oil company.
WE MAKE MONEY EVERY WEEK. EVERY WEEK. LOTS OF IT. The collapse in the price of oil is good for the renewable energy and battery storage industry because they will be free of geo-political influence and economic sabotage.
With the world watching -- this happens...
https://www.bbc.co.uk/news/world-asia-china-51784167
He's like the BMN guardian angel. Always there, always watching.
Looks like somebody pulled the emergency cord.
There is a fine for improper use of that, you know. Tut tut tut. Somebody has been desperate to take it to 19p for some time.
Morning or afternoon?
To be clear -- you're suggesting the the JSE listing, a move off AIM and the share overhang clearing-- are not likely to happen? Care to elaborate please.
ROULETTE! Stone me. It's been a long day.
I once got 3 numbers in a row on blackjack. I had one solitary £5 bet on the table each time.
An increased P/E ratio is entirely justified and reasonable. We'd transform into tech company with multiple income streams, rental agreements, additional raw materials in the ground.
The days of shorting and MM manipulation are coming to an end. Maybe not tomorrow. But soon. A dual listing, combined with a move to the FTSE (possible the FTSE 250) and that 150m share overhang clearing could be like getting 3 sevens in a row on a fruit machine.
I was gonna mention that I went with you, but I thought it would be vulgar to namedrop ;)
It's also worth adding to the timeline:
- Lemur - sold off. Special dividend / cash used for something
-JSE Dual Listing
- ESKON Tender opened, submitted and a proportion won in BEs favour.
- Share overhang cleared.
FM invited me in person.
I have been a shareholder in BMN since they were merely an iron mine and an idea.
£5 a share is my carefully considered T/O valuation. Allow me to explain my findings.
In 2018 we touched 48p. Several brokers (3 of which I met in person) all told me that they gave zero value to Bushveld Energy. Nobody understood it. Many still don't. MM's definitely don't.
But - with all the different future revenue streams and increased assets, vertical integration, we should easily be 10x more than we were. How did I get that figure? Fortune Mojapelo said so.
"But the price of vanadium has come down" I hear them cry.
Yes it has. But we're easily twice the company we were when we were at 48p so todays SP price is irrelevant.
So. £4.80 is our fair price.
But when the inevitable period of consolidation comes, it will come at a small premium. Hence £5.00.
Maybe £5.28.
Of course, it seems mad that the SP could be valued at 30x what it is now. But it's not really when you look at all the seismic shift away from fossil fuels that is happening right now. We are trying to avoid cataclysmic destruction after all. Big problems. Big solutions. Blah blah blah.
DYOR. I did. I went to Vametco. I've even have the notebook and pen. How many trolls and shorter have been there?
None. Zero. Nada.
They're all too caught up in the daily vanadium prices and corona virus fears to think big. And if any of you remember what your driving instructors told you when driving on the motorway - steer the car off into the distance, don't steer it looking at the nose.
Good luck.
*like one.
Personally, I would one saying that they have rejected a T/O offer of £5 per share. But a good BE update would be good too.
I was on the fence at first, preferring to have an open mind but it seems that SAinvestor is a troll too.
I believe that LowIQDave is a troll attemping to de-ramp one of the greatest investments of this generation. Please like this post if you agree.
You can always tell when it's Friday. The MMs are playing games so we might as well have some fun. What are the odds of a troll infestation after 5:30pm?
RichKen - you forgot the international-playboy-dilettante-extraordinaire who rarely has anything useful to add.
That's the wrong fire, Faramog. Check the dates.