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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

Great post Pdub, I hope you're doing ok.

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

Greenhighlander.
I really don't think so, but you need to watch the interview.

I hope so Gambit. AIM sucks dix and delisting here (shafting shareholders along the way) would be suicide for a co that can become a global powerhouse.
More clarity needed on that point.

Yes, I wish he'd phrased that bit slightly differently.
A good interview, I thought he might lose his cool at one stage. Matt is much better than proactive where they just give you a platform.

I remember time lapses in the past before release of the Crux ones, could just be editing.

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're quite right nomlungu, apologies. 183% from the capital gain only.

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.

Jayster1

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.

Hi mayforddriver.

I assume that's aimed at me? Many opinions are formed on these boards, remember; as a shareholder you have a right to question a company!

If anything I have written is untrue please let me know and I will obviously correct it.

Hi Stocktaker.

It's certainly an expensive game, I'll need to check my facts but I think the amount of shares has virtually doubled since 2017 when I first climbed aboard, and yes: SS has done well for himself in that time.

It's not all the company's fault: They got over-excited at Broadford Bridge and pushed out too many rampy RNS' for sure - and their strategy of prioritising extra acreage over making a profit has been a disaster for shareholders (so far!)

But, the attitude towards fossil fuels and COVID-19 are massively detrimental and have affected far bigger companies than Ukog.

Yeah, I mean; well-played if you're trading it successfully. I think for this type of investment you have to see a double bagger potential for it to be worth the risk, and I don't anymore in all honesty.
You can make 5% here and there using a FTSE 100 etf (no stamp duty) and sleep much more soundly! At least then if your timing is bad you still get a quarterly divi.
One of my worries for the Welad Oilers is that - with the focus now on renewables - the councils will eventually stop the permits. Once one does others may follow suit. It's only 4 short years since the Gatwick Gusher headlines but much has undeniably changed.

Sorry to hear that. Stay safe!

Hi Phil.
Thanks for your positivity, I'd rather you be right than me but we will see over time.

Hi Skwizz.
Thanks, and yes I am aware regarding stamp duty. I use iweb which is £5 to deal. My point is; Why risk a lump sum here just to make 8%-10%. One can make a guaranteed 10% buying the S&P500 in pretty quick time - and pick up a divi along the way.
There's always someone on this board who thinks they're about to get rich, but the bottom never comes, does it?

Mirasol. Unless you short it or were lucky enough to benefit from the massive 2017 Summer here then it's virtually impossible to make any money in this share.
Look at the price chart over any length of time you choose and it only trends down.
The only way to make money is by pure luck of buying just before the occasional 8%-10% spikes and getting out straight away. With dealing fees and AIM Market Maker Spreads that is even harder than it sounds.
Plus, if you do it successfully once; you'll come back to the well too many times and end up selling for loss or locked in.
It's too regularly diluted, too untrusted and in an Industry that the Western World doesn't give a shiit about anymore.
I've held a small amount here for 3 years and would've sold out ages ago, but I leave this grim red mark in my portfolio as a harsh reminder not to buy crap.
You're completely right that any rise will be sold in to heavily.
Good luck.

… To advise patience. I have stopped watching the SP and feel much better for it. I've favourited the Bushveld official site RNS page so I can read the announcements without seeing the SP.
I've seen it today to pop in here, it's ghastly, but that's the way she goes.
Most of us have been/are frustrated at some point. It is best to view all investments as long term.
Prior to COVID-19 this year would've been brilliant (production-wise) - Still could be!
2021 production, if a normal year globally will be fantastic - and in 18 short months we'll know all about it.
Right, back to my business, which has been hit worse than a cartoon character by an anvil this last 6 weeks.
I'll be back again in September.
Peace and love

Libero, the companies that will struggle most this year are the debt-laden ones. If Bushveld continues to excel then new highs will be seen, but nobody can predict when.
Good luck with your property purchase, and of course, with your investments (especially this one ;)