Member Info for Pdub

Correct Bella. Not the main Vanchem production.

From Vanchem Acquisition RNS on 01 May 2018

"The Vanchem Business has secured sufficient ore supply from third parties to support current levels of production, until Mokopane's development has been completed. The Company retains the optionality to supply magnetite concentrates from Vametco to the Vanchem Business. Upon receipt of the mining right, Mokopane will be a primary source of feedstock to the Vanchem Business as a result of its large mineral reserve, therefore the Transaction facilitates the expedited development of Mokopane. The Mokopane-Vanchem model will represent a fully integrated business, in line with the Company's strategy for Vametco."

It appears that 'my system' works hehe

Yes Audio. LSE site not showing trades since 15.40. Check the link I gave in my 17.05 post and you will understand.

Hope it helps Ninvestor.

http://capita.moneyam.com/trades/BMN/Bushveld-Minerals.html-trades

Bmnfan my system works if everybody sticks to the plan. Don't respond directly or mention name just report etc.

Remember:

Don't engage
Report pits
Request identity check
Email concerns to admin if so inclined to info@lse.co.uk

Excellent find SG. There are many positive takeaways from that address by SA's President. Here are a couple particularly relevant to BMN:

"But the lesson of the development of the Asia-Pacific region must surely be that those who invest early and work to develop local capabilities stand to gain the most as underdevelopment gives way to a region of huge consumer markets and advanced productive hubs."

"We are taking steps to support investment and local manufacturing in our country."

I like what President Ramaphosa is saying. There are of course some that are concerned (possibly overly concerned) about the political situation in SA. I see a country with the right man in power to see through necessary reforms and tackle corruption.

Just my opinion.

Pb940 I can't specifically answer your question. However the pattern of RNSs prior to Vametco acquisition completion might give an indication of what is to come.

"Sp before 3.81p
17 March 2017. BMN announces good progress in fulfilling terms of agreement and financing.
Sp 4.29p

Sp before 4.29p
20 March 2017. BMN announces sales and marketing agreement with Wogen.
Sp 5.08p

Sp before 7.57p
30 March 2017. BMN announces financing agreement complete.
Sp 7.54p

Sp before 8.00p
06 April 2017. BMN announces that Bushveld Vametco acquisition of Evraz 78.8 % holding in Strategic Minerals Corporation complete. Bushveld Vametco is 45% BMN 55% Yellow Dragon. Gives BMN around 26% of Vametco. Profits not attributable to BMN.
Sp 8.17p"

Note that financing agreement was announced as complete just 7 days before the Vametco acquisition was completed.

Hope that helps.

Regards. Pdub.

Thanks for clarifying Daisydog.

As you know I am always looking beyond the horizon. Day to day sp movements whilst interesting are not the reason I am here.

Regards. Pdub.

Correction: "If so please explain ..."

Daisydog are you ruling out 114% rise by end October? If how please explain. Bear in mind that if volume drives up the sp then the shorter so will most likely bail and become buyers, adding further upward pressure.

Remember I am not predicting that rise but .... it happened before. Why would anyone rule out this happening following an equally important acquisition, and given that most hear believe the company is already undervalued?

An upward movement in V price would add real spice! Speaking of which did you notice that the recently volatile V price this morning appears to have stabilised again and Vanadium Nitride nudged up again.

Positive thinking peeps!

Just my opinion.

Just two days ago in response to a question by Drax I reposted an earlier comment of mine outlining the sequence of RNSs leading up to the Vametco acquisition and the corresponding sp movements. That post included the following:

"So in the month leading up to completion of the acquisition the sp went from 3.81p to 8.17p. That's an increase of 114%. This was driven by announcements of fulfilling terms, marketing agreement, finances in place and final acquisition.

It is my hope that BMN run a similar sequence of RNSs leading to Vanchem acquisition, with hopefully a similar response from the market. It would be a brave person or a fool that tried to pretend there would be no market reaction to this excellent acquisition."

Let's hope that today's RNS is just the beginning of news flow re Vanchem acquisition that similarly pushes up the sp. I'm not predicting 114% rise over the next month or so .... but I can't rule it out.

Just my opinion.

Good news to acquire approval from Competition Commission for Vanchem acquisition.

The key points to remember are that this will very significantly add to production revenue and profit attributable to BMN, adds a second production site which de-risks interruptions to production, and offers the future opportunities to diversify product range and increase production at Vanchem by reinstating the two redundant kilns. And once again securing a second functioning brown field site at a huge discount to building new plant. Brilliant.

Also pleased to see once again reference to read that any cash shortfall will be by debt funding and not dilution.

Full steam ahead!

Drax please respect the fact that this BB is about BMN

Alfa ignore gkb47. You are absolutely right to request keeping Brexit off the BB. Whatever anyone's opinion it is a highly divisive topic. That division is the last thing we need on this BB.

This BB is for discussing BMN matters.

Regards. Pdub.

Apparently increases chances of a longer life. Great to see the sp rise today!

Drax you ask what might cause a rise, and you have acknowledged already that shorts closing can drive that. Of course a V price ruse would most likely push the sp up. However I would like to focus on the Vanchem acquisition and revisit the sequence of RNSs prior to the initial Vametco acquisition.

Nobody can say with any degree of precision exactly how an AIM share will react to a major strategic move in the development of a company that increases significantly sales, revenue and profit.

However here is an interesting timeline of the month before the original purchase of 26% of Vametco. It might give an indicator of things to come with the Vanchem acquisition, despite what the naysayers want you to believe!

Sp before 3.81p
17 March 2017. BMN announces good progress in fulfilling terms of agreement and financing.
Sp 4.29p

Sp before 4.29p
20 March 2017. BMN announces sales and marketing agreement with Wogen.
Sp 5.08p

Sp before 7.57p
30 March 2017. BMN announces financing agreement complete.
Sp 7.54p

Sp before 8.00p
06 April 2017. BMN announces that Bushveld Vametco acquisition of Evraz 78.8 % holding in Strategic Minerals Corporation complete. Bushveld Vametco is 45% BMN 55% Yellow Dragon. Gives BMN around 26% of Vametco. Profits not attributable to BMN.
Sp 8.17p

So in the month leading up to completion of the acquisition the sp went from 3.81p to 8.17p. That's an increase of 114%. This was driven by announcements of fulfilling terms, marketing agreement, finances in place and final acquisition.

It is my hope that BMN run a similar sequence of RNSs leading to Vanchem acquisition, with hopefully a similar response from the market. It would be a brave person or a fool that tried to pretend there would be no market reaction to this excellent acquisition.

Just my opinion, but September / October might be a very positive period for BMN shareholders. And that is why people invest in the high risk AIM market. It is the potential for very large rewards.

Drax you seem just a little too keen to dismiss a share price rise. Surely the truth is that you have no more idea what the sp is about to than I or anyone else?