Member Info for Pdub

Don't worry pb940. I now see the JM / SP Angel debate as wholly negative in relation to my investment. I will let others occupy the bb with it if they wish.

I merely pointed out a positive target sp and possible time frame. However I am far more interested in news flow from the company as this will be the major sentiment driver in coming months.

Regards. Pdub.

In the interests of balance and to add just a touch of positive to the morning, the last three SP Angel targets for BMN have all been achieved and exceeded within 3 - 4 months of publication. This time they provide 3 possible scenarios and my preferred one is scenario 3, with a target of 51p. Well if the previous pattern is followed that gives BMN sp 51p by around late November / early December.

Careful what we wish for!

Very succinctly put pb940. Recommended.

Just a thought folks but take a look at the thread title a certain individual used. By responding that thread title gets repeated.

One solution can be to respond (if we must!) by using a more positive thread title, eg as above, which in my opinion is fully justified in view of the SP movement over the last 4 weeks.

Regards. Pdub.

Sorry. How could I forget the possible acquisition of Sojitz 15% share of Vametco!

My target is 75p to £1.50. I agree with knuttie that there are too many variables to be precise, including the price of Vanadium.

That target is for Vametco alone and takes into account completion of Phase 3 expansion programme.

Significant progress towards revenue and profit from other projects would probably require an upward revision of my target. The most obvious examples would be electrolyte production and sales / leasing, VRFB sales, further increases in production at Vametco, and mining operations at Brits and / or Mokopane. Of course Fortune Mojapelo has a habit of surprising us so I wouldn't rule out new projects including brown field site. Then of course there are our ATM investment and Lemur's coal to power project.

I am certainly not going to try and forecast the SP if that lot all happened!!!

Incredibly exciting future for those wise enough to have researched this great company and a CEO that actually delivers on the promises! Don't find that on AIM too often.

All of the above is just my opinion and not intended as investment advice. As always DYOR and this is a very good place to start:

https://www.thebushveldperspective.com

For potential new investors I hope you like what you see.

Regards. Pdub.

Thanks to everyone for the (mostly) sensible answers. Very interesting to see what people think.

Previous update releases relative to expected Q2 expected update

Vametco update 9 Aug 2017 - 40 days after Q2
Vametco Q3 update 20 Nov 2017 - 51 days after Q3
Q4 operational update 22 Jan 2018 - 22 days after Q4
Vanadium Q1 update 27 April 2018 - 27 days after Q1
Vametco Q2 update (16 Aug 2018?) - 47 days after Q2 so far

As can be seen there is no defined period after end of Quarter for update to be released. There is no legal requirement but it is company policy. Q2 Vametco update will be published when it is ready.

My ideal situation would be Q2 update this week or early next week, followed by Sojitz 15% acquisition confirmed in next few weeks, very positive interims in September. And any other news of course. Plenty of SP drivers to come. However pure speculation on my part.

Regards. Pdub.

Just a personal opinion but I would prefer any announcement on the acquisition of Sojitz 15% of Vametco (if it happens) to be brought to market via its own RNS (s), as with the 26% and 59% events. This would be such important news in its own right that I would be disappointed if it was tied into a bundle of other news in the Q2 update, which in any case may be an SP momentum driver on its own.

Any thoughts?

Clearly happy with whatever Fortune decides to do but hopefully he is not holding back Q2 update to facilitate inclusion of Sojitz news.

IsleworthSpy that's two good laughs tonight. Thank you!

Regards. Pdub.

Goodness me Ophidian. For a minute there I thought you had gone off topic ...

Forgot to add ".... 30p by the end of the week."

I agree spbhoy. The sp has recovered very well from the 5 million!

Two more days like this and we could hit 30p.

Sounds plausible Pigpen. Thanks.

HL now 27.975 / 27.925p

I have seen the bid higher than the ask before, but not often with the ask dropping and the bid remaining high increasing the reverse spread. Any theories?

Weird. HL 27.975 / 27.94p!

Looks like issue resolved. Now showing 27.50 / 28.00p

HL appears to have an issue. Showing 27.30 / 27.70p yet quoting 27.775 / 27.88p.

Any issue on other platforms?

Now on HL 27.775 / 27.925. Not a single visible sell so far on HL

So are the warrant shares cleared? Evidence pointed that way yesterday. If the buying pressure continues could see a move up today.

Jagadish the rules changed. Here is a direct quote from Government website:

"Withdrawing your money. You can take your money out of an Individual Savings Account ( ISA ) at any time, without losing any tax benefits. ... If your ISA is 'flexible', you can take out cash then put it back in during the same tax year without reducing your current year's allowance."

https://www.gov.uk/individual-savings-accounts/withdrawing-your-money

And again from Money Saving Expert:

"Whatever you withdraw you can replace into the same account. As long as it's all in the same tax year, it'll count as replacing the cash and won't use any of the current year's allowance. ... "

Hope that helps.