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Tipped in todays Times (Tempus)
https://www.thetimes.co.uk/edition/business/fields-of-gold-are-a-little-too-precious-btpbs63rg
Sometimes the market is reluctant to reconsider a stock which has disappointed as this did last autumn on production and chrome prices. Takes a while to regenerate interest. April quarterly production update might prompt some re-looks.
Agreed it should be higher based on what we know.
Might also have something to do with the article in IC, buzz. But their article isn't as strong as it was last time and they don't opine on the merits or otherwise of the Pitreadie venture.
https://www.investorschronicle.co.uk/comment/2019/11/19/parkmead-in-bargain-basement-territory/
Well said MM and hopefully Cross will take the opportunity to counter some of the wilder allegations made on here and elsewhere. Not saying he's squeaky clean but if the Pitreadie story overall is shown to be good for the company then I for one don't much care if it also helped the missus out. And if the cash is still coming in and the project outlook good, sentiment will change soon enough. Lucre has a way of doing that.
Thanks gogetter. Looks like each side just refreshing and setting out their stalls on day one.
Remember the only real shorters, PEPM, have closed their position. OUT.
The rabble of misfits and con artists who infest twitter and this thread from time to time don't have two pennies to rub together and can't do any direct damage to the sp. The only damage they can to is to the heads of investors. Don't let them.
Simon Thompson published an article today in IC, it isn't about Bushveld but renewable energy in the UK which is getting cheaper and consequently more popular and heading for a shortage of battery storage, not pasting the lot just an extract:-
Compelling economics of offshore wind power
It’s hardly surprising that the placing has been well supported, given that renewable energy is predicted to represent half of total UK electricity demand by 2021, and will rise sharply thereafter. The cost of building new wind power projects has fallen dramatically in recent years due to technological developments that have improved the economics of offshore wind farms, which is driving a huge increase in the commissioning of new projects. Indeed, the UK government awarded 5.5 gigawatt (GW) of offshore wind projects for commissioning between 2023 and 2025 in its biannual auction a few weeks ago. To put these contract awards into perspective, only 2.1GW of projects were awarded contracts in 2015 and 3.3GW in 2017.
Furthermore, the new capacity has been secured at just £39.65 per MW hour (MWh), a fraction of the £114 per MWh the UK government agreed to pay in the 2015 auction, and less than half the £92.50 per MWh that the UK government has guaranteed to pay French energy group EDF for electricity generation at its new nuclear reactor at Hinckley Point C, Somerset, which is due to come online in 2025, and will account for 7 per cent of the UK’s total electricity generation.
The point being that the ongoing downward trajectory in the cost of building new renewable energy assets in the UK is set to lead to a significantly higher deployment of renewables in the UK than the government currently predicts. That’s an issue because to support the transition to renewable energy sources, significant investment is needed in grid-scale battery storage, as growth in intermittent renewables increases the variability of power supply. Battery storage addresses this challenge effectively by absorbing or releasing power to the National Grid.
Well done a post with some sense, breaking the mindless gibberish of the morons at least for a while.
The idiots only appear when the company is clearly making progress and the sp is steady or improving. They talk gobbledygook to try to confuse, irritate and exasperate normal investors and to put off new readers, all with the intention of suppressing the sp and causing some to sell and lose money.
Their paymasters don't like the company making profit, reporting good results and moving ahead with their development plans but that is what is happening.
Great to see the morons back, it means Bushveld is doing things right - they just don't want us to believe it, they want our shares. Cheap.
This thread is admirably cool but, talking about the sp, has anyone taken a look at ADVFN over the weekend and today. It is crammed with suggestions of dodgy practice, misuse of shareholder cash, misleading statements, witheld information, it goes on and on, some of it close on actionable I would have thought. I imagine that has had and is having an effect on the sp.
Didn't SP Angel's last note still have a 90p target using long term V price of $45? Or it might have been 92p.
Anyway good article and nice to have a balance against some of the scattier claims that get bandied around from time to time.
GBP 2.8bn mcap, you would think the Bacanora deal was small change for them, the shareholder revolt seems more aimed at big spend projects not tea money.
You might be right but I didn’t read it as being after more cash, it sounded to me like they want a jv partner in while they get on with the kalahari which is already costed up to a point. Always be prepared for surprises of course but actually if they get a jv together I think it would be a significant boost for sentiment and the sp.
From an RNS today from JAN mines, where they have sold a PGM asset to focus on vanadium because London money markets and others are starting to favour it. The bottom may well be in or very close.
"...The Board believes there is a strong appetite amongst UK and international investors for vanadium as an asset class, primarily driven by its importance as an input to battery metals, and assuming completion of the Proposed Transaction, the Board considers that it's in the best interests of shareholders to focus the Company's resources on pursuing the development of Ptombeiras..."
"Did you just say that you highly doubt Bcn will ever produce lithium?"
He's probably right, Bcn will get taken out and someone else will produce it.
Thanks for the link bingo.
The article doesn’t say all that much, mainly that li5hium has fallen over 40% in last year largely because demand has been slower so far than thought but Tianqi are undaunted. Their profits are down more because of high debt interest than lithium economics.....
''Tianqi said that despite the fall in lithium prices it had maintained “healthy” cash flow and “industry leading” profit margins.
Tianqi said it would progress with an expansion of its giant Talison lithium mine in Australia and the building of a lithium hydroxide processing plant in the country “to satisfy the increased demand from customers”.
“The company believes that in the long-term demand for lithium products will be driven by the downstream market and will continue to be strong,” Tianqi said. “The company will continue to steadily push forward its plans to expand production capacity.”
On the other hand why would anybody buy - or sell - ONE share.
Someone on advfn followed '1 trades' over several months couple of years back and reckoned RNS followed about 70% of the time. But it could be bad as well as good.