Member Info for Pdub

The people that were banned from LSE for lying, misleading posts, abuse, you name it they did it, repeatedly.

Now they dishonestly crawl back in through the swamp under cover of darkness to spread their lies and deceit again.

Still never mind trolls will be gone in the morning. That’s what happens to these liars.

Don’t be taken in by them.

jdt rest assured I used to do the same. I assumed these people were interested in rational debate and would recognise what a great company this is. Treated them with the same courtesy and respect that you have, and well done for being true to yourself.

However these trolls are selfish, dishonest and out to force the sp down to make money off the backs of ordinary investors like us.

Now I just find these lowlifes the sc*m of LSE and treat them as such.

jdt if you are still in any doubt then read the last line of 19.06. Look and learn.

It’s the classic divide and rule method. They have used it here over and over again.

They seek to alienate the well researched long term holders from newer investors because those LTHs are not fooled. Don’t get drawn in. These guys are very selfish and dishonest ... BUT ... they are good at trolling. Don’t underestimate them.

Just report and get rid of.

Remember they were banned for repeatedly breaking LSE rules. And continue to ignore the rules by setting up multiple avatars outside normal trading hours. They are fundamentally dishonest.

That of course is just my opinion, but based upon studying their activities over a number of years.

Report button is your best friend.

It’s not like in the good old days when proper trolls hid their purpose for a while. This one rolled over too easily.

You all know not to engage. That is what they want.

Use the report button. Starve them of attention.

Beware of posters that have opened new A/C today and immediately begin divisive posting. They have very likely been banned from LSE for abuse, lying, misleading posts etc. and now sneaking in after hours in a typically dishonest way using a new identity, with the sole purpose of damaging your investment and therefore robbing you of your hard earned money. These posters repeat this dishonest activity over and over again and will no doubt will be removed by admin once identified. Pay attention to these characters at your peril.

Better to report all their posts. They will soon be gone.

Thanks fb. Your area of expertise so much appreciated.

Exactly pb940. And some more food for thought.

So let me get this right.

According to what I read here today Bushveld purchased Vanchem, a staffed and functioning Vanadium production plant, for $55 million.

After independent auditing it turns out that asset is actually worth $118 million .... Astonishingly good deal. FACT.

Now according to HL Bushveld market cap is £164 million or about $204 million.

Sooooo ..... Vanchem is worth more than half our market cap alone! Yet We also own Vametco that produces twice the attributable vanadium compared to Vanchem. What value Vametco?

This profitable vanadium producing company is apparently worth less than its asset value?

And idiots come on to this forum stupidly claiming this is not a good situation,etc bla etc bla. You couldn’t make it up .... but they do try.

Apologies if any errors and just my opinion as always.

Didn’t we learn that Vanchem added 30% to attributable BMN production in Q1? If that is repeated throughout the year, then even if V price remained static profits will increase through extra tonnage. But add to that the extra sales going to China where prices are currently 25% higher then margins increase further. Now add on any increase in V price, and Fortune expects supply to be tight with China as a net importer, so we have a reasonable expectation of higher V prices.

Now I hardly dare mention that any increase in production produces economies of scale related to fixed costs, plus of course any further plant efficiencies that may reduce costs.

So don’t tell me that 2020 figures won’t be good. There are many reasons to think the opposite .... even without the added bonus of V price rises or BE activity.

That is the whole point. BMN is not a one trick pony. Most punters can’t seem to get their heads round the possibilities here. But the savvy ones have.

Just my opinion

Also from same article which must be music to any potential investor’s ears:

“Bushveld Minerals, SA’s largest supplier of vanadium, hopes to complete a R1.73bn expansion programme to nearly triple output without calling on its shareholders to fund its plans. ”

Wow!

Bushveld had delayed its listing on the JSE due to the need to conclude the $54m (R929.1m) purchase of the Vanchem assets and complete its full-year 2019 financial report coupled with the education of SA banks and financial institutions on vanadium, CEO Fortune Mojapelo said in an interview.
Bushveld would list within the next 12 months he said. “THERE’S A REAL POSSIBILITY THE LISTING WILL ROLL OVER INTO 2021, BUT WE ARE CERTAINLY TRYING TO DO IT IN THIS FINANCIAL YEAR”

... that Bushveld Minerals has since early 2017 acquired 2 of the 4 primary production plants in the world.

From junior explorer to global vanadium player in such a short period of time. An amazing success story.

Is a habit these trolls just can’t avoid.

Don’t answer these dishonest new a/c trolls on same thread. Probably paid by responses.

Report and request identity check.

If you are new to this just click on the trolls name and you will see posting history. The obvious ones are the ones who opened an a/c that day.

I hate these lying trolls

Just my opinion of course.

Moneymaker how many more times are you going to fail to understand to positive in those results.

I will try to spell it out in simple terms.

In 2018 there was a huge price spike. BMN made hay while the sun shone and invested the huge profits you highlighted in production facilities and efficiency drives. Brilliant.

As a result Vametco is one of the lowest cost producers. Thus when V price collapsed in 2019 BMN remained profitable because of their low cost base and continued to invest further in new production plant (Vanchem).

The 2019 figures are in fact good and reflect very prudent management under very challenging market conditions. You seem unable to understand this and I am surprised by your lack of awareness of the big picture.

Not onlythat but this has set 2020 up to be a very successful year on the back of the building blocks put in place in 2019.

What seems to have escaped the attention of even some qualified posters here is that by tripling sales to China where prices are some 25% higher than other global markets BMN are already improving profitability. Getting that info into the market place can help sentiment and help drive the share price up.

Dxgraf then I assume that as an accountant you will be prepared to now post positively on the post period info which currently is very relevant. Questions for you.

How pleased are you to see at end of March (and therefore beginning of Covid19) a cash and cash equivalent of $34.4 million, including the entire debt facility in place? Do you regard this as excellent financial management?

How pleased are you that during the Covid19 period the BoD took active steps to protect cash? As an accountant do you regard this as a very prudent strategy?

How important from an accountancy perspective was the decision to move forward the maintenance programme into the Covid shutdown period in order to eliminate another shutdown later in the year? What impact is that likely to have on 2020 profitability?

How qualified are you to make a forward looking statement about share price relating only to BE and V price? Are you an expert on market sentiment, which drives most AIM shares? Why do you think a JSE listing in 2020 (which apparently is possible) can’t raise share price?

Why do you not think that further increases in production and efficiency and therefore profitability won’t raise share price?

If there is one thing that angers me most it is amateur investors telling me that unless x or y happens the share price won’t rise. Utter rubbish!

Look at the share price pre Covid and today. Many unprofitable companies have all but recovered. BMN is handling this crisis far better than most yet the share price hasn’t recovered. That will not continue indefinitely, yet you didn’t mention it. And of course the tame seller / manipulation impact on current sp. That will also come to an end.

I don’t mean these questions disrespectfully but you have chosen to enter this debate. I pointed out earlier today that the post period is going very well. I am interested in performance in 2020. Thus I look forward to your considered responses to my questions as an accountant and as someone with a positive view of BMN (at least I assume so if you are invested here).

And no need to explain the importance of BE and V price. I think it is fair to say I am every bit aware of that as anyone else. Just shocked that you omitted any other sp factors, including any further unexpected developments.

Any opinions expressed above are just my own.

Moneymaker my comments were based purely on your posting history, your negativity, your timing and your content.

Until I see evidence to the contrary I stand by every word.

Just check out moneymaker’s history. Just a trader doing the rounds deramping.

Don’t be taken in by trolls like this.

Just my opinion as always

Moneymaker if you are as much of an idiot as your post implies, then you need to change your name.

Given the challenging V price in 2019 those are an astonishingly good set of results. Perhaps most noteworthy is that production increased but production costs decreased! ie their efficiency drive at Vametco is working very well.

Far more importantly is the post period news. The company, unlike many many companies around the world, has not just survived Covid19, but is virtually business as usual. Production target for 2020 unaltered despite a period of lock down. Amazing! Annual maintenance brought forward so clear production for rest of year. Brilliant management! Sales to China now trebled (where V price is currently much higher than ROW) Brilliant. Predicted Vanadium deficit coming with perhaps V price rise. Exciting.

Note that cash and cash equivalent at 31 March $34 million, including full debt facility! And since then we know that the company has taken significant steps to protect cash through the Covid19 period.

I can imagine other CEOs only dreaming if demonstrating this level of strategic brilliance and sound financial management.

And didn’t someone earlier estimate PE ratio of ... 3 !!! If true then in theory the company should be worth multiples now!

And I haven’t even mentioned Bushveld Energy driving forward the energy storage industry in both Africa and through partnerships in ROW.

No moneymaker. You got this one badly wrong. Either back to business school with you if those were genuine errors. Or you need to re-read your beginners guide to internet trolling. Must do better.

Anyway I did laugh at your nonsense.

Just my opinion of course.

Bassguy I so hope you are correct that we slow burn at + 5% per day this week.

I must credit your positive forward view.