Member Info for pb940

https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/w0y37zx

Has anyone posted the link for this from yesterday?

http://www.bushveldminerals.com/wp-content/uploads/2021/02/Bushveld_Q4_FY2020_10_February_2021.pdf

Sorry try this shorter one

https://tinyurl.com/45n9nfmq

39 minutes in (ish)

https://www.**********.co.uk/articles/zaim-credit-systems-vadim-alexandre-john-meyer-e28924a

How much further can a share price be insulted?
----------------------------------------
market maker's "hold my beer"

No worries. The SP Angel morning view for the day of the RNS didn't show anything about EBITDA and the 27 January Broker Note on the BMN website shows 6.7 million so it will be those directly registered with SP Angel who will be most affected.

I dont get to see all the broker notes anymore. Have you got a link loudspeaker?

Presumably this is to do with Bushveld incorrectly assigning some sales as intercompany rather than to customers.

But doesn't SP Angel work with the information provided by the company?

https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/wvpjm0w

Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa ("Bushveld"), announces that, subsequent to the PDMR issue of shares previously announced on 1 February 2021, there was a disposal by the following PDMRs on 5 February 2021 in order to settle the tax obligations associated with the issue of these shares.

https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/x8l2p5r

Other operating and administration costs



Other mine operating costs included community, social and labour plan costs at Vametco. Idle plant costs mainly reflected the 22-day planned maintenance shutdown implemented in the third quarter of 2019. Administrative expenses included staff salaries of US$9.6 million (2018:US$7.1 million) for head office, Bushveld Energy and Lemur and professional fees of US$7.6 million (2018: US$1.9 million) mainly attributable to transformational agent costs which amounted to US$3.5 million, Johannesburg Stock Exchange listing preparation costs US$1 million, and other regulatory and governance fees of US$1 million. Other costs incurred related to security, travel and accommodation, rental, conference marketing cost as well as provision for historical debtors of US$3 million with the key amount attributable to the take-on debtors on the acquisition of Strategic Mineral Resources ("SMC") of US$1.9 million.

https://www.proactiveinvestors.co.uk/companies/news/940646/today-s-market-view---bluerock-diamonds-beowulf-mining-bushveld-minerals-and-more-940646.html

Bushveld restates intercompany sales figures indicating greater tonnage of ferro-vanadium sold in Q4 and the full year

(Bushveld Energy holds 65.1% Enerox Holdings Limited along with 5.66% in Invinity)

Bushveld Minerals has restated a number of ‘intercompany’ sales figures as presented in last week’s Q4 and FY production and sales update.

12M 2020 Group Sales of 4,264 mtV includes intercompany sales of 422 mtV , rather than sales of 4,264 mtV includes intercompany sales of 1,255 mtV as previously stated.

Eg. Bushveld sold 3,842 mtV of vanadium for the full year vs 3,009 mtV than previously implied

Q4 2020 Group Sales of 1,268 includes intercompany sales of 15 mtV, rather than sales of 1,268 includes intercompany sales of 520 mtV as previously stated.

Eg. Bushveld sold 1,253 mtV in the fourth quarter vs 748 mtV than previously implied

12M 2020 Vametco Sales of 3,333 mtV includes sales to customers of 2,911 mtV and intercompany sales of 422 mtV, rather than sales of 3,333 mtV includes sales to customers of 2,078 mtV and intercompany sales of 1,255 mtV as previously stated.

Q4 2020 Vametco Sold 907 mtV in Q4 2020, of which 892 mtV were final sales to customers. The sales volume includes intercompany sales of 15 mtV, rather than Sold 907 mtV in Q4 2020, of which 388 mtV were final sales to customers. The sales volume includes intercompany sales of 520 mtV as previously stated.

Conclusion: It is good to see that Bushveld sold more material than previously stated. Intercompany sales are deducted from the headline sales figures to give the actual sales to external customers.

We will update our revised estimates and valuation shortly

Cheers dbush :)

Don't worry, found it

https://www.elidz.co.za/wp-content/uploads/2020/11/ELIDZ-Bushveld-Tender-Drawings-Final-Rev-0.pdf

Is that in a separate document dbush?

Trying to figure out the completion dates for these works and on page 5 it has dates for three sections which look as follows

Section 1 - Preliminaries - 2nd July 2021
Section 2 - Building Works - 3rd September 2021
Section 3 - External Works - 24th September 2021

https://www.theguardian.com/technology/2021/feb/07/are-share-trading-apps-a-safe-way-to-play-the-markets

https://www.engineeringnews.co.za/article/africas-energy-sector-steering-towards-renewables-2021-02-08/rep_id:4136

Looks as though the totals are fine but how much they attributed to intercompany sales had previously been too high.

https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/xjq107r

Sales of 4,264 mtV includes intercompany sales of 422 mtV, rather than sales of 4,264 mtV includes intercompany sales of 1,255 mtV as previously stated.

- Sales of 1,268 includes intercompany sales of 15 mtV, rather than sales of 1,268 includes intercompany sales of 520 mtV as previously stated.

- Sales of 3,333 mtV includes sales to customers of 2,911 mtV and intercompany sales of 422 mtV, rather than sales of 3,333 mtV includes sales to customers of 2,078 mtV and intercompany sales of 1,255 mtV as previously stated.

- Sold 907 mtV in Q4 2020, of which 892 mtV were final sales to customers. The sales volume includes intercompany sales of 15 mtV, rather than Sold 907 mtV in Q4 2020, of which 388 mtV were final sales to customers. The sales volume includes intercompany sales of 520 mtV as previously stated.

When I looked through my purchases the last time this came up it was Oct 2013 so something happened then to bring a number of us into BMN.

https://mg.co.za/opinion/2020-10-22-muddying-the-waters-in-the-musina-makhado-economic-zone/

I'm not sure whether anyone remembers this from the other year. Not sure what the current status is though or whether it will hapen;

"The proposed list of industries includes a coal washery, a coking plant, a thermal plant, a ferrochrome plant, a ferromanganese plant, stainless steel, high manganese steel and high vanadium steel plants as well as lime and cement plants. "