I would say one last very speculative fishing trip before News playing on the perceived failure to hear about rig mobilisation. MMs doing what MMs do. Ah well I picked up another 50K shares today under 53p. Didn't think I would have that chance again. Ophidian
If I hadn't had to take the some what extreme measure of blocking your sad stalking somewhat unstable sorry self on Twitter Capa you would know why your last insult was so silly. How are both your followers by the way ? No rather than re-state my recent predictions on share price which I will just wait to see play out, I'll update on the next Quarterly production numbers. Moreover - I will predict now that given I suspect we are now producing in excess of 60MtV per week. Vametco will exceed the top end of the current guidance.
I was feeling pretty positive about next week. Now with the appearance of the fear led paid crew of malcontents (not you Capa - you're so sad you don't even get paid do you), I'm feeling absolutely ebullient.
Stop it with the price Targets @RichKen - it detracts from the mysticism of the Oracle !!
@Alfa - quite so, I think the IRON smelter is a particular piece of kit designed to produce HPI (High Purity Iron) which is actually a powder And both a high %age Vanadium SIag and also a Titanium rich by product. Our smelters as you rightly point out are for conversion to FeV. Quite different animals.
@Wressmycase - a quick perusal of your posts shows you to be something of a serial pumper / dermper (without much accuracy either). I suggest you leave us technically behind the times dullards to our own thoughts and strategies and go put your funds in Iron or MNO (thought it was meant to be 3p by now [1.4]) or LEK (meant to be low 3's actually in the 4's or whatever your current free range whimsy dictates. Just leave here, there's a good chap.
Ophidian (on behalf of plenty of others too I suspect)
@Alfa - the website (under smelter project) says "The Ironveld Project is situated in the Capricorn and Waterberg District Municipalities of the Limpopo Province, South Africa, approximately 80 km north of Mokopane and approximately 60 km northwest of Polokwane. The Project is located in the northern limb of the Bushveld Complex and consists of a group of seven adjacent farms, namely Cracouw 391LR, Harriets Wish 393LR, Aurora 397 LR, Nonnenwerth 421LR and Kransplaats 422LR in the Capricorn District Municipality, and La Pucella 693LR and Altona 696LR in the Waterberg District Municipality" However, I can find no definitive evidence the Smelter ever arrived there, only that the project ended up delayed about a year wih monies still outstanding. You may be right, It could easily still be with Siyanda
@numpty5 - not quite. It's just a smelter not a Vanadium processing plant. Different Ball Park cost wise (under $10m). In the same way as we are proposing to spend $20m at Mokopane to get a dry Magnetite concentrate to feed Vanchem, this could be a way to feed Vanchem a much richer input material in the form of Vanadium SIag whilst creating another product in the form of High Purity Iron powder. Remember Mokopane Ore is very Iron rich too. There might even be a Titanium product to make concurrently too.
@numpty5 - they were still trying to finalise the deal last year which would still have required final payments of $4m this year.
This Smelter would actually be a great acquisition for BMN. Never mind the High Purity Iron it could produce, the Vanadium SIag at 35% + purity would be great to feed Vanchem which for most of it's recent past processed SIag from EVRAZ.
We have risen from 22.5p to a close (albeit slightly false but we hit the number during the day) of 26.6. In the process we broke through both the long term falling trend line and also the EMA20. We have now retraced 50% of that gain, and sit on (bouncing off) the EMA20 at 24.7p. This is exactly what we might expect to see. Please stop with the despair. We have most importantly, at least for now, broken the down trend and reversed. Wait and see, I still expect to see a rise to hit the EMA200 in the next 10 to 14 days.
Blue is the colour, Bushveld is the name. We're all together and profit is our aim. So cheer us on through the sun and rain, 'cos Bushveld, Bushveld is our name...…………………...2,3,4 Blue is the colour...……...