Member Info for pb940

You're right ARCM it is strange, we all know if the shares were being issued at 2.5p I pretty much guarantee the sp would be 2.5p by now.

https://www.voxmarkets.co.uk/rns/announcement/55c4f9b8-7ec4-4627-a32a-65199ee983ac/

https://www.bushveldminerals.com/wp-content/uploads/2023/05/ARC-BMN-Q1-2023-operational-update.pdf

Just noticed these on the Bushveld Minerals website. Not sure if anyone noted them but thought I'd stick the links here if anyone is interested;

https://www.bushveldminerals.com/wp-content/uploads/2023/04/J4730-Vametco-Mineral-Resources-and-Ore-Reserves-31-December-2022_Issued-26-April-2023.pdf

https://www.bushveldminerals.com/wp-content/uploads/2023/04/2023-SAMREC-CPR-and-Mineral-Resource-Estimate-for-the-Imaloto-Coal-Deposit-in-Madagascar.pdf

The maturity date is 31 July 2023, hopefully the deal is completed by then.

https://www.voxmarkets.co.uk/rns/announcement/bdec6533-6271-46b3-80cf-107f1cf2fa9d/

PB940 - missing guidance again isn't good management.
----------------------
Missing guidance due to environmental factors out of the companies control and having a stockpile is foresight rather than selling it off and then having no stock to give cash flow which keeps the business running, also using the downtime is good management.

I get the feeling that if they had sold all of their stockpile and had 2 weeks where production was interrupted resulting in no cashflow you would also say it's poor management, why didn't they have a stockpile when something like this happened. I honestly don't think Bushveld will be able to do the right thing no matter what it is.

So building a buffer of stock for when problems occur so that you can maintain a steady cash flow isn't good management?

https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/xp8oq1r

Had a notification but cant see the RNS

https://www.dispatchlive.co.za/news/2023-04-12-vanadium-the-new-kid-on-the-east-london-renewables-block/

http://www.mustangplc.com/announcements/12042023%20Acquisition%20of%20additional%20interest%20in%20Enerox.pdf

Lets hope they can all get along after this tekanalyst.

Can we take anything from Garnet paying $3.5m reducing Mustang by 3.6% to 46.4% in that does that value 100% of the whole business at just under $100million?

Yeah, I think Garnet were basically upset that BMN essentially held as much sway with 25.1% as they did with 50% as Bushveld sold part of their holding. There was a lot of detail out of the court case at the time but you'd have to trawl through through the board in March 2022 to find it.

The judge said the parties would have to find some way of working together moving forward but that doesn't look like it could happen.

https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/xlgk4jr

I suppose they were never going to be able to play nicely with Garnet after the court case.

https://www.investegate.co.uk/bushveld-minerals-ld--bmn-/rns/acquisition-by-vrfb-h-of-garnet-interest-in-enerox/202304120800029469V/

https://www.engineeringnews.co.za/article/aec-officially-launchesthe-state-of-south-african-energy-special-report-2023-03-22/rep_id:4136

Your share purchases haven't funded anything to do with Bushveld's business, the companies that they get to put cash into the business are what has allowed the size of Bushveld to increase, none of us investing in the stock exchange did.

Don't want to get involved in the usual Friday spat but I think Fortune is paid from revenue generated by Bushveld Minerals and not by shareholders?