Member Info for pb940

That's a bit harsh knuttie, not sure John Meyer deserves that.

sotrr, the RNS said the following which didn't appear to leave any other way to improve Bushvelds exposure to the underlying cash flows than removing sojitz. I personally hope it is to increase our holding but it could be something else, just not sure what.

"Simplify Bushveld's organisational and corporate structure to improve Bushveld's exposure to the underlying cash flows of its assets (US$9.0m) (£6.4 million)"

It's pretty positive in that it's willing to put some cashflow figures down.

" If we assume the current spot vanadium price for the year and the potential US dollar rand rate based on the average to date and the spot price through the rest of the year we could see attributable cash flow of US$168m for Bushveld for the year."

https://www.voxmarkets.co.uk/blogs/

Bushveld Minerals* (BMN LN) 18.7p, mkt cap £201m – Vanadium production expansion on time and within budget BUY – Target 25p (Bushveld Minerals controls and holds an effective 59.1% of Vametco)
Bushveld Minerals report completion of Phase two of their organic vanadium expansion project on time and within budget .
Phase Two raised production to 3,750,tV from 3,035mtV for just $2.5m with Phase Three targeting a production rate of around 5,000mtV.
These targets are met through the expert work and diligence of the first-class team at Vametco who deserve much credit for their industrious ingenuity and practical application.
Bushveld is set to see a significant uplift in profits this year as a direct result of the rise in production, lowering of unit production costs as well as persistently higher ferro-vanadium price levels
The US dollar SA rand exchange rate has averaged 12.29 year to date but has depreciated recently 13.86 and could record 13.08 for the year if the current spot price is maintained
Vanadium prices remain persistently high at around $73.5/kg of ferro-vanadium fob Europe and around $72/kg fob China (Metal Bulletin).
We currently estimate that vanadium prices should average US$49.91/kg for the year though we may need to revise this estimate higher. This estimate gives an attributable free cash flow of some US$52m based on the 13.08 rand rate.
Conclusion: If we assume the current spot vanadium price for the year and the potential US dollar rand rate based on the average to date and the spot price through the rest of the year we could see attributable cash flow of US$168m for Bushveld for the year. Spot price vanadium assumption for 2018 . *SP Angel forecasts: Figures based on 100% of Vametco plant. Bushveld now hold an effective 59.1% of the Vametco plant *An SP Angel mining analyst and nomad have visited the Vametco vanadium mine and processing facilities in South Africa.

'forming phase 3 of the expansion at Vametco'?

Already on with it then

https://twitter.com/BushveldMin_Ltd/status/1012226159805980672

When your EBITDA = your mCap....
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That is mad sanchez, although that seems to be correcting itself at the moment.

I'm seeing 17.3/17.8 on II Alfa

That increase of 35000 rmb/ton is equal to $5321 a ton

Oooh, hindsight investing. I love that, I'm a hindsight investing millionaire from all the sells I would have done at the top and buys at the bottom.

Or even brownfield :)

It still takes my breath away at times the scale of assets that Bushveld has.

We're laughing https://www.vanadiumprice.com/study-shows-technology-metals-gabanintha-vanadium-project-is-worth-1-3b/ http://www.tmtlimited.com.au/sites/default/files/asx-announcements/6888220.pdf

https://www.fin24.com/Opinion/without-competitiveness-and-growth-in-mining-transformation-cannot-be-achieved-20180618 Roger Baxter is CEO of the Minerals Council South Africa

https://www.vanadiumprice.com/international-ferrovanadium-prices-increased-slightly/ www.ferroalloynet.com: On June 15, European ferrovanadium prices climbed further to 72(?0.6)-73 $/kg V and European vanadium pentoxide prices stabilized at 15.5-16.15 $/lb V2O5. American ferrovanadium prices increased to 34.75(?1.0)-35.25(?0.75) $/lb V.

“An existing right holder who, at any stage during the existence of a mining right, achieved a minimum of 26% BEE shareholding, and whose BEE partner(s) has/have since exited the BEE transaction, shall be recognised as compliant and must, within a period of 5 (five) years from the date of coming into operation of the Mining Charter, 2018, supplement their BEE shareholding from 26% to a minimum of 30%,” the new charter says. So that means if you'd had 26% compliance and they had since sold you would have 5 years to get the 4% BEE?

“An existing right holder who, at any stage during the existence of a mining right, achieved a minimum of 26% BEE shareholding, and whose BEE partner(s) has/have since exited the BEE transaction, shall be recognised as compliant and must, within a period of 5 (five) years from the date of coming into operation of the Mining Charter, 2018, supplement their BEE shareholding from 26% to a minimum of 30%,” the new charter says. So that means if you'd had 26% compliance and they had since sold you would have 5 years to get the 4% BEE?

There would surely be some forward guidance along with the 2017 H1 figures, plus news between now and then and don't forget probably a new target price from SP Angel and Atlas.

"The funding has been provided in the form of a vendor loan and will be repaid to Bushveld from dividends due to Jaxson 640 from Vametco over a period of 5 years." Presumably nothings been paid back as there have been no dividends paid . . . yet :)

Yeah for 4uck sake bring on the news :)