RE: Valued less than plant assets16 Jul 2020 16:41
Hi Bassguy, Another excellent, and very matter of fact post from you. Despite the prospects, this has been a money pit for 18 months, it would be a very brave fund manager to touch this currently. I disagree with FM's comment that ii's want a placing to get involved, other shares I watch on the AIM50 get investment without placings. I do however still believe in FM, MN and Bushveld. We are seen as a miner; mining is cyclical. Glencore was over 4 quid not so long ago, not comparable really given the growth in production here but they're not just exposed to Vanadium so I guess it works both ways. I see a clear path to 8400 production, I see a clear path to an electrolyte plant. This investment is one I hope to hold till 2030 at least, I'm still really excited about it. GLA
Investor81. I don't think people are being overly negative on this. The co have a clear path to 8400 production and an electrolyte plant and that is fantastic, there's nothing wrong or unusual about PI's dissecting an interview.
Not even a 'massive' one. A small sustainable one would be better and perhaps assist the 'conundrum' that the chaps discussed regarding ii's. The theory that ii's won't climb aboard without a placing is not an opinion I share personally. DYOR
This is where the rental side will be so important. Offer the product to the customer at an attractive short and long term price and they won't give a rats a$$ which element is in it, even if they've 'heard' of lithium batteries but not vanadium. You tell them it costs 'x' per month for 'x' amount of time and is the safest option going, as long as it's within their budget, we're in. Bushveld has worldwide contacts now, this thing is still gonna be great folks - PI's are elsewhere is all, hence the SP. They'd rather chance their arm at pharma or gold or Boohoo or god knows what else for the time being... and bluddy good luck to them. It's not for me but I'm busy with other stuff ATM. Chin up all holders, we're 18 months (IMO) from record production and a finished electrolyte plant. Only thing I don't like is they've max'd out the credit card, I assume this will go back to the mill at some point though, I 'get' the need for liquidity. Good weekend all!!! PS: Can someone at Bushveld tell FM not to start every interview answer with the word 'look' - drives me mad! Lol Peace
You make good points but the risk outweighs the reward I think. If you'd bought boring old Amazon 3 years ago, you would've made 183% (not including dividends). Ukog 'could' make 183% in a day of course, but the risk of losing it all looms large. Last week is a perfect example; if you bought at .20 and sold at .37 then fair play, but sooner or later manipulation or a crap RNS will sting. My average here is a once enviable 6p, I'll never buy any more. Before anyone says 'why don't you sell and sod off then?' - I live this stain rotting in my ISA as a reminder not to buy shyyte.
Andrew Webley is a private investor in this share, he's a good man by the looks of his Twitter page. I think he may be overly involved emotionally with this share though. Anyone thinking his comments or trades make it 'a screaming buy' really need to do extensive research before pulling the trigger.
He was calling this a bargain at over 1p remember.