Chish - I'm almost pleased to see you here. On October 22nd last year, you posted "It’s going to do this for the next month till the xx million overhang is gone.". less than a week later from about 27.5p the share price took off to 48.5 in 16 days. You are a lucky charm.
By the way - there is no gap at 19p and contrary to the old adage, not all gaps close. There is a gap and it may close but that wouldn't be such a great piece of foresight, even a broken clock is right twice a day - or once if it's digital.
Newtons third law states "for every action there is an equal and opposite reaction". The action of the drop from 48p is about to demonstrate that re-action.. Whilst the second law doesn't apply one aspect of it is consistent. and that is that it moves when acted upon by an external force.
Want to debate Relativity next ?
you guys really need to find a new angle again. The whole" too scared to post I get stamped on" one is wearing a bit thin now just like all the ones that have gone before. Let me offer some new ones with comparable plausibility:
it's too good to be true, it must be a lie
it's been in the ground so long......why ?
When the Aliens get here, we won't need clean energy solutions
we do this dance with Expert (remember the ironic narrative - yeah right) every now and then. Then he get's his entry price flips for his 10% and goes quiet. It is what it is. Lions need the insects to pollinate the grasses for the herbivores to munch on.
We are all familiar with the concept of a "Bubble" - what fewer people recognise is the opposite phenomena - a "Panic". Trouble is the midst of an unbelievable low when everyone is selling is the time when it is perhaps most difficult to buy. ut it is when the most opportunity is there.
I remember buying Barclays at 52p in very early 2009 (it went sub 50p on the day and I thought what have I done ?) but when I sold them over 350p the following September I was glad I had rustled up both the cash and the conviction to first spot then exploit the opportunity presented.
Warren Buffet perhaps put it in it's best know form. "Be greedy when others are fearful".
Oh - and as an aside...….. historically BMN have been at there least communicative just before they announce their most spectacular deals. Anyone heard from them recently ?????
oh dear oh dear Ma5k something so benign and you need to get it removed. Try this one - along the lines of your own effort.
I called 8p from 1.8p to within 30 days
I called 19p to the month from over 12 months out.
I called a 40% rise in 10 days from 17p
and yes whilst I didn't jump around trying to bring it down, I called the Top at 50p and predicted a sustained fall.
Now, I'm calling the next major rise to 88p.
You are right about only one thing - the natural cycles in price movements but that needs to be seen against the perturbations and distraction of the efforts of short term players. 28p far from being the top of the next trading range is the next staging post on the journey up.
Sometimes you just can't see the wood for the sleeze.
I know this post will get buried quite quickly but just a plea to the long term holders feeling worried or unsure.
Remember when you invested it was in all probability because you took the time to rationally assess the proposition that is Bushveld Minerals, the Energy Market and where it is going to with Vanadium as a key pillar. Please now in the face of any doubt stirred up by those parasitic creatures of the money markets who manage to subsist like necrophiles outside the boundaries of decency, remind yourself of the reasons you first invested because even a brief resume will show that nothing has changed for the worse and very much has improved, grown and started to come to fruition
The company is making significant amount of money every week. Production of Vanadium is now running at an all time high at the Vametco Plant. The company is on the cusp of closing out yet another unbelievably good deal to add even more processing capacity through the acquisition of the Vanchem plant. Drill programmes have confirmed the quality and extent of the existing licensed in ground assets at Vametco extending into Brits. The Mokopane license is not far away now and the Genius of developing the Energy market through Bushveld energy is starting to be seen with the Rental model a reality, the Electrolyte plant developing in partnership with IDC and projects across Africa including at our own mine and at the Eskom test facility. Giving up now would be like ploughing up a field the day before all the shoots showed though.
Remember why you invested then think check and reassure yourself. Nothing here has changed for the worse, everything is moving forward and before long as with everything else in life and in all our experiences value will out and be seen for what it is. And as hard as it is not to respond to and be swayed by the nefarious peddlers of misery, ignore the background noise.
Have a good day Bushwackers.
@Firsttimecaller - "this isn’t the company we hope it is?" you are of course right about this. It has proven itself to be way, way more than most could ever have dreamed. I can't be bothered to give you the pages listing why as you are obviously here for no good but genuine holders can find here and on TBP the whole magnificent story and will then be able to look forward to even better tommorows.
ps. don't bother calling a second time eh ?
how fear and desperation drives behaviours. A place with some of the best research and discussions around destroyed with racism, defamation, lies and invective from the gutter. But don't worry when the Admin team finally get in tomorrow and raze this abomination, like a phoenix informed intelligent debate will once again find its home. And as now all the technical indicators are finally aligning we will see a reversal and before long a true valuation concordant with the fundamentals will emerge. I'm not going to waste my time in this mire will see you all again once we've cleaned up a bit. I suggest others just leave the poor beast to their squalor.
What this means for us is that with some sensible Run of Mine Management our processes at both Vametco and at Vanchem can run essentially to the same set-ups and that where ore comes from is then far less important. Also this gives us incredible flexibility and opportunity. Vanchem opens the doors to a new and exciting world of diversified Vanadium products as well as secured manufacture across multiple sites and the chance to schedule maintenance and output to an optimal business plan. I can’t wait.
OK so that is the “Roasting” part of the process, next come the “Leaching”. Basically, the Sodium Vanadate (2NaVO3) is dissolved in water. Think of this like separating sugar from sand. If you had a mix of sand and sugar, you could add water, dissolve the sugar leaving behind the sand. Filter off the Sand and then evaporate the water away to get your sugar out of the sugary water solution. Ta-Da separated. Well this is exactly what we are doing. The insoluble salts are left behind and our Vanadium containing Sodium Vanadate is dissolved in the water. The water is then evaporated down to form something we call the pregnant solution, this just means a concentrated solution. Unlike my sugar example, we don’t just evaporate off the water, it is a more efficient extraction to now throw in some Ammonia salts to change our soluble Sodium Vanadate into insoluble Ammonium Vanadate which just falls out of the solution as a precipitate. The most common and abundant Ammonium Vanadate salt formed is Ammonia MetaVanadate which you will have read about referred to as AMV.
The AMV is a saleable product and there is a market for it, but we typically go through a couple more basic chemistry steps to create out end products either the V2O5, V2O3 (or at Vametco a mixture of the two we call Modified Vanadium Oxides – MVO).
Now all that stuff before was to give a background to something I have been looking into which I think is quite important for us at BMN. You will recall that I said that the optimisation of the process to get out the Vanadium was dependent on a number of things not least of which was the impurity profile and make-up of the Concentrate going into the process. Oh by the way remember I said that the secondary process was quite wasteful and could only typically achieve a recovery of 55-60%. Well our primary production is capable of achieving over 80% recovery of the Vanadium at optimised settings. Anyway you will I hope be able to see that if we have significantly different inputs from our in ground assets i.e. Vametco/Brits & Mokopane then we would need to run different set ups reducing our flexibility.
I have reviewed the drill data from Brits and Vametco and compared with the Optimised Trials data from the Mokopane PFS. What we find is that the Mokopane Concentrate is remarkably similar to that from Vametco/Brits (we know already that being the strike extension Vametco and Brits can essentially be viewed as just one source).
…..MgO Al2O3 SiO2 CaO TiO2 V2O5 Cr2O3 MnO Fe
Vametco 1.6 4.8 2 0.1 12.7 1.65 0.4 0.3 54.8
Mokopane 1.2 3.5 1.03 0.15 11.91 1.7 0.39 0.25 57.6
Right, onto Salt Roasting……. Those rocks containing in part the magnetite matrix are crushed up and then passed over magnets to pull off the magnetite part leaving behind the other rocks. This concentrate is then ground down to a consistent particle size typically somewhere between 30 and 200 microns (um) the actual size is something which is established for each salt roaster independently and is a function (in part) of the relative contents of each element. Most chemistry is surface area related and so the smaller the grind, the bigger the relative surface area, now go too small and the effort you put into making it small also generates energy which in turn causes unwanted oxidation of the surface which impedes the chemistry you want to happen later. Too big and the surface area to volume is too big to get all the chemistry you want going and you get lower yields. Anyway, once ground up, the Magnetite concentrate is mixed with Sodium salts – why Sodium Salts ? Because we are endeavouring to make something that will be soluble in water so we can dissolve it away from all the things we don’t want and separate it away. Now our target is to create SodiumVanadate which is a molecule containing Sodium, Vanadium and Oxygen. Not that it matters but the formula is 2NaVO3 and the reaction we use to create it is shown below: (remember the Vanadium is in the form of V2O5 locked into the Magnetite Matrix)
Na2CO3 + V2O5 - - > 2NaVO3 + CO2
There are other chemical formed along the way of course with the Iron and Titanium in the Magnetite and also with the other impurities we mentioned. Some of these are themselves “Vanadate” salts i.e. Vanadium and Oxygen containing salts of the other elements. These however are insoluble in water but the fact that they are formed at all is a problem because obviously that wastes Vanadium that we can’t get out later. As it happens one such Impurity is Calcium Vanadate which by a happy coincidence undergoes a secondary reaction in the presence of Sodium salts to form yet more Sodium Vanadate (I won’t bore you with the reaction). Importantly now, these other reactions creating other (unwanted) chemicals can to some extent at least be controlled by something as simple as the temperature of the Kiln. All chemical reactions require some sort of energy to kick them off and by holding the temperature of the Kiln in a place that is optimal for our preferred reaction between Vanadium and the Sodium Salts we can optimise the process. I’ll come back to this later.