Member Info for pb940

Amazing how the volume today, the quiet half a day before Christmas, is nearly the daily average volume.

My concern with the manipulation thats going on at the moment Alfa is that if the jse listing requires shares issuing then the sp at that time is not going to be a fair reflection of what Bushveld provides more the state the sp is left in by some greedy individual/company.

Nice review of 2018, looking forward to 2019 and beyond.

Great analysis Alfa, and sickening to see. How you can’t come to the conclusion that the only basis for this is manipulation I don’t know. Thankfully it wont stop Bushveld becoming the behemoth it will, its just a shame when the news starts from bmn in the new year that this manipulation will have set the starting price lower than where it should be for the next leg up.

Anyway, enjoy the rest of the day guys, off to an afternoon of sophisticated conversation and gentle humour at the works christmas do.

Catch you on the other side. Well, Monday anyway :)

Not to mention the huge cost of repairing and fixing collapsed infrastructure just because some idiot in a steel mill decided not to add a few kilos of vanadium into the melt.
Largo expansion.
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Unusually combative language from SP Angel, I like it.

https://www.news24.com/Africa/News/rajoelina-leads-in-madagascar-election-partial-results-20181221

In relation to the coal asset in Madagascar the complete election results are due by 9th January with 44 year old Rajoelina, currently in the lead (although both sides contesting theres been fradulent activity). Which of th etwo candidates is the best from Lemur's perspective or does neither matter. I'm sure we've had the discussion but can't remember the conclusion we came to.

Thanks

And next year, in all probability, will be a lot better than this year pdub. Looking forward to it even though the bigger bushveld gets the more odious the traders we attract.

I think some investors may find it best not to look at the share price next week. Past years experience of the markets is that it drifts and based on the current shenanigans I have a feeling it's going to be a long 2 and a half days trading.

Alfa, are you expecting even more games to be played with the sp between christmas and new year? It will be interesting to see who tries to take control of the sp next week.

Is that you again headancer :)

In terms of releasing news I've been in BMN long enough to know they don't always get there when they say they will, but they do get there and everyone dances the dance of the happy dance when they do.

Not expecting it now to be honest won't be that disappointed as it wouldn't be paid straight away anyway. It would have been a nice to know that's all.

https://www.v o x m a r k e t s.co.uk/articles/research-notes-4e41727

**************************************/articles/research-notes-4e41727
Bushveld Minerals* (BMN LN) Following 46.75p, Mkt Cap £523m – Chinese authorities likely to send inspectors to enforce vanadium alloy content for steel rebar

BUY - Target Price 87p

(Bushveld Minerals now hold 74% of Vametco and 84% of Bushveld Energy it’s vanadium redox battery unit)

Chinese steel mills continue to cheat the system by failing to add sufficient vanadium to alloy their steel rebar as required under new construction regulations.
The result is that demand for ferro-vanadium is said to be falling short of the 2,000t per month of additional vanadium estimated to meet the new standards.
Ferro-vanadium prices continue to support extraordinary high levels despite pulling back 9.7% to $82-85/kgV in Western Europe.
Prices for ferro-vanadium also pulled back 2.6% in China to US$93./kg for 80% FOB China according to AsiaMetals.com.
We suspect many buyers in the steel industry are holding back till the new year or for lower price levels.
The Metal Bulletin also report that new standards for Steel Rebar in China are not being as well enforced as was previously expected.
China’s new standards require 600MPa-tensile strength rebar offering better earthquake resistance which should, in theory, require Grade 3 and above Rebar with higher vanadium content and should virtually eliminate production of Quench and Temper ‘Q&T’ rebar steel which is more brittle and loses strength and integrity on corrosion. Under China’s new rules and using new testing equipment ‘Q&T’ rebar should not pass quality tests.
Problem is that corrupt Chines officials may still be allowing Q&T rebar into the building trade enabling producers to save on the cost of the vanadium.
The new standards require 0.03-0.05% and 0.05-0.08% of vanadium to be added to differing steels adding
This is relatively little metal in tonnage terms with the new standards requiring somewhere between 0.3—0.8Kg per tonne of alloyed steel
The report suggests the lack of new vanadium demand is down to cost saving by steel mills driven by lower profits and steel prices, no requirement to provide data on the alloy content on the rebar produced and a lack of inspection teams.
Conclusion: The Chinese state is seen as responsible for the integrity of construction and memories of fatalities from the last major earthquake feel relatively fresh.

China’s authorities are not likely to tolerate the use of substandard rebar in construction for long and will surely send inspectors out next year to enforce the new standards.

The RNS arriving this week isn't the be all and end all for this company though. For some companies everything is riding on the next RNS but Bushveld are still earning money every day.

I think he was saying he expects 50p to fall faramog

Interesting to see the cost to jump on the mining bandwagon. Sure the fluctuation in V prices in the last couple of weeks will have worried a number of companies out there considering getting in on the act.

https://www.vanadiumprice.com/us354m-gabanintha-price-tag-spooks-australian-vanadium-investors/

Australian Vanadium has put a $US354 million ($493 million) price tag on developing its high-grade Gabanintha project near Meekatharra.

Releasing its pre-feasibility study on an open pit and processing plant this morning, the Perth-based hopeful revealed a maiden ore reserve of 18.24 million tonnes that will produce 900,000 tonnes a year of 1.40 per cent vanadium pentoxide at an average yield of 60 per cent.

An on-site refinery will turn out about 10,206tpa of the steel-hardening ingredient over an initial mine life of 17 years.

But the price tag, only a few million dollars shy of a $US360 million estimate released in September, has again spooked investors, with the company’s shares shedding almost 18 per cent in early trade to 2.3¢.

It had regained some ground by 8.45am but was still down 14.3 per cent.

Managing director Vincent Algar said the study was a major step towards bringing the project online.

“Announcing a maiden ore reserve is a key milestone, and further embeds the project’s low-risk mineral resource and strong economic potential,” Mr Algar said.

This is setting us up nicely to go hurtling into the start of next year. Couldn't be happier with Bushvelds share price and company performance this year. Amazing.

That’ll be wave 1 and 2 gkb47. You want to be looking for wave 5 :)