Member Info for pb940

Massive rewind from LTH's on dilution.
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I presume you mean u-turn seaside53?

As a 5+ year investor I feel I've earned the moniker LTH and I'm not for dilution.

But then again I never am. Previously we didnt have an asset that was producing revenue, now we do I would hope that more financial instruments are available to the company other than just dishing out shares to 'sticky' investors who turn out to be anything but.

Do we need to issue shares for the JSE listing? Someone on this board has said that it isn't always required, so why issue shares, if SA is interested in Bushveld then list on the JSE and allow them to access the current shares in issue.

If we need £100m for the kiln surely we have enough profit to go to a bank or other financial institue and get a loan over 5 years and pay it back?

Why always issue shares? It doesn't always make sense.

However. Back before we bought Vametco BBN (who when he first appeared on the board years ago was thought, tongue in cheek, to be Fortune himself because his analysis and guesstimates were so accurate) did some estimates of what dilution he thought it would take for Bushveld to end up with as much of Vametco as we have, and that figure was around 1.1billion shares in issue and he pretty much nailed it. The thought of dilution at the time filled me with the same dread as every other share i've been invested in on AIM, only this time it wasn't so that directors carried on getting paid, or for administration costs, or whatever else firms dilute for without adding value. It was for an asset that would produce profit. I may not like the possibility but I know that with Bushveld if they do issue shartes then it will be used to expand the company and in turn profit and in turn share price and in turn get me that much closer to retiring.

Obviously I'm not holding my breath for that otherwise I'd suffocate :)

That's why Chika Edeh said "we have had a number of institutional investors wanting to take a position in Bushveld but to do so we have to be listed on the JSE.”

The thing that bugs me about institutional investors 'wanting to take a position' in Bushveld is that they always want to pay less than the current sp. I have seen placings in the past for other companies that have been above their current sp's and would be delighted if there was no discount or indeed a higher placing value than the preceding 5 days or whichever number of days the sp is manipulated before any placing is done here.

Aren't there only a certain amount of shares a company can issue in a year without further shareholder approval? Does anyone know how many are still available before they need to call a meeting?

It'll take them a while to get to 3% of the company if they're only going to buy 10 at a time :)

We need news soon nick if for no other reason than to give the bb something else to focus on.

The volume today is well below the average of recent weeks/months, obviously unless we have some hefty after hours trade showing up.

Maybe everyone's finally taken their positions ready for the first full week trading in 2019 next week.

Totally agree bbn, can't wait to see what they are and then see what SP Angel and ARC come up with for their targets. Although I've got a feeling they will have to keep changing their target prices a lot this year.

BBN, I suppose the only relevance of the Christmas shutdown for maintenance is that when you take it into account you can increase the production number given out by Bushveld for Q4 to get a better idea for the full quarter potential production.

I did say 'investors' nick :)

Personally I couldn't be more relaxed about BMN even if I tried. The production increases will come, I'm sure I've read in the past that new equipment takes time to tweak to get the best performance ftom it.

I find it hard to decide which new would be nice first as none of them are tiddlers anymore. They should all add value in some shape or form.

Problem is nick, certain 'investors' will rock up demanding blood if it's not exactly 1/4 of the increased production rate.

YTSS, interesting that the rise and subsequent fall in vanadium prices was just down to stockpiling before winter. Once the new rebar standards are being followed and they start stockpiling next winter the prices will go into orbit surely?

Presumably we'll get a vist from a WholeNut next.

Perfect post coffecups. It's just such an alien concept in the cutthroat AIM market for a board like this to exist that it gets the backs up of people who want to perform their usual share bashing for a quick 5 or 10%.

Best wishes to you both knuttie.

Yeah good luck tomorrow pdub. And best wishes to retep, knuttie’s wife, richken’s wife and anyone else who’s fighting cancer at this time. Hoping for a healthy and wealthy 2019 And with that and being a grumpy old fart who see’s New Year’s Eve as the end of my Christmas break I’m off to bed before all the bloody fireworks go off. Then up early and do a 10k run if I can get these joints working again.

Happy new year nick and to all of the familiar posters whose goal is to see Bushveld reach it’s huge future potential. 2019 is going to be epic.

https://www.investegate.co.uk/bushveld-minerals-ld/rns/bushveld-vanadium-q3-operational-update/201811090700028853G/ Fortune Mojapelo said the following back in the November update. Pretty clear they’ve started the upgrade early when it was going to be done in 2019. "While higher vanadium prices partially mitigated the impact of the production shortfall, with the Company expected to generate healthy cash flows, Bushveld intends to use this opportunity to sustainably maximise production volumes and drive operating costs down. Accordingly, we are pleased to have commenced with Phase 3 of our expansion plan, which will increase capacity at Vametco to 5,000 mtV per annum. Phase 3 will also benefit from advancement of the Brits Vanadium Project, which has yielded encouraging drilling results.”

Hi Alfa, just been looking through my work email and one of the guys wanted me to let you know his buy at 09:53:53 of 4,235 at 37.74 yesterday was reported as a sell. Not sure if it will change the analysis you’ve done but he wanted me to pass on the info.

Hope your having a lovely Christmas Nick? Thought I’d catch up on the post for the last few days then within a page realised it probably wasn’t going to be worth the effort. Enjoy the rest of your Christmas ladies and gentlemen, think I’ll look in next Wednesday and hope the current games don’t leave the sp too damaged before the 2019 surge.