Member Info for Pdub

My recipe for successful and stress free investment: A company with great assets A talented, determined and ambitious CEO A track record of delivering their strategy A rapidly rising price for their main asset A mine and production plant purchased for a very low price No debt and relatively few warrants outstanding New future market to increase demand Supply restraints That is not easy to find on AIM but occasionally a company such as this appears. In my opinion that is what we have with BMN. Invest only what I can afford to lose, buy the shares, hold and patiently wait as the value of my investment rises. Ignore daily / short term price fluctuations and focus on long term gains. Top up as and when I can. All just my opinion That is my approach to investing in BMN and it works for me. Stress free! To those selling BMN shares .... what can I say ....

Haha. Nice one Pigpen.

I gather one of my filtered de-rampers is active again. No doubt spouting nonsense. Worth remembering this. Bushveld Minerals have delivered, delivered and delivered again. BMN delivered Lemur. BMN delivered Vametco. BMN delivered Vametco again. There is absolutely no factual evidence whatsoever to make anyone think that BMN will do anything but continue to deliver on it's business plan. That is likely to be very very good news for those intelligent enough to hold shares in this company, in my opinion. There are few AIM companies that have seen 2 big rises in their sp like BMN has and then hold those rises. Easy to see why. In my opinion there are few junior miners on AIM that have delivered like BMN has. This has apparently confused some who just can't seem to accept how good this company is and how exciting are the prospects for the sp. Well you can lead a horse to water ..... All the above is just my opinion.

Remember that our CEO Fortune Mojapelo has suggested that at a Vanadium price of $60 kgV Vametco is capable of generating an Ebitda of $150 million in 2018. The price of Vanadium is currently higher than $60 kgV!

With the newsflow ahead as outlined by Nick perhaps I can be forgiven for thinking that it won't be too long before the sp reaches new highs well beyond its current level. Just my opinion of course.

Thank you BBN. Always grateful for responses from as respected a poster as yourself. I agree that it all looks very positive, but then I always have believed that. Carries a bit more weight when you confirm! Another sailing day beckons.

Today feels different. If this was a movie sequel I would call it Post Erongo 2. And we all know what happened to the sp in Post Erongo1 after that selling had finished. Are we about to see the next rise in share price? Hope so. Just my opinion. Could be wrong.

Apologies if I have misread your post Bolgas.

True Clark. As I have said before this is my investment of a lifetime. Hoping for a fantastic 12 to 24 months.

Biogas I am very disappointed to read the last paragraph of your 20.57 post. It demonstrates the same arrogant and dismissive attitude towards BMN posters that you displayed back in November 2016. Clearly you have learnt nothing from your error of judgement on that occasion. It appears to me that your arrogance is your weakness. That is why you missed this investment opportunity in November 2016 despite being advised by numerous BMN shareholders of the potential here. You know - those same shareholders that you apparently have such contempt for. However that is your problem. We will simply enjoy the present and future profits from our BMN investment. That will do for me.

Did I read that someone claimed no one was more positive about BMN than them? Ahem..... I beg to differ. I think my 4 1/2 years of singing the praises of Fortune and BMN should qualify me to make a strong claim for that title. Joking aside quite simply great Bod great assets great market dynamic's. This is the once in a lifetime winner that I have been waiting for. I reiterate my target of 75p to 150p Commiserations to those that have sold. All of the above just my opinion.

Remember that in BMN we have the world class assets, talented BoD and market dynamics that shareholders in most other AIM companies can only dream of. The impatient may choose to give their shares away cheaply. The wise and patient will hold for the big money. I am not a great fan of venting frustration (read 'impatience') on a bb as it does tend to introduce an unnecessary negative tone, although it is understandable when newsflow isn't as expected. Better to keep the long game sharply in focus. I reiterate my target of 75p to 150p. I may increase that should circumstances dictate. A reminder that even when the so dropped below 2p I remained positive because I focussed on company fundamentals and potential. I was right then and feel even more positive now about the future for BMN. All of the above just my opinion. Other opinions are available.

If there are any pi's daft enough (in my opinion) to be considering selling then read this reminder before you do! Since the RNS on 21 Dec 2017 announcing completion of the acquisition, BMN owns 59.1% of Vametco mine and vanadium production plant. That makes BMN one of only 3 primary producers of Vanadium outside of China. Vametco production cost 2017: $16.6 kg V or $16,600 per metric tonne vanadium (mtV) Price Vanadium (end January 2018): $60 kgV or $60,000 mtV Current production rate: 3,035 mtV pa Expected production costs decrease: 7% through economies of scale Production rate by June 2018: 3,750 mtV pa Production guidance for 2018: 3,680 mtV (3,050 mtV Nitrovan, 630mtV FeV) At a vanadium price of $60 kgV (ed. $60,000 mtV) the CEO recently stated that the Vametco plant is capable of generating an Ebitda of $150 million in 2018 !!!!!!!!!! Remember 59% owned by BMN Bushveld Minerals. Since CEO made that statement I believe the price of vanadium risen to around $65 to $70 kgV. ($65,000 to $70,000 mtV). That suggests that Ebitda could be significantly higher than the CEO assumed due to the higher price of vanadium. Production rate by 2019: 5,000 mtV or more pa (that is a nearly 40% increase in production from the start of 2018 and 33% increase beyond the June 2018 target rate!) One further point. It is my understanding that Vametco's patented product Nitrovan attracts a 5% premium to the price of vanadium. The sources of this information are either RNS, BMN Presentation or Interview. Opinions are just my own. Links to sources: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BMN&ArticleCode=2v3qf6kj&ArticleHeadline=Q4_Operational_Update http://www.bushveldminerals.com/wp-content/uploads/2018/02/BMN-121-Presentation7861.pd http://webcasting.brrmedia.co.uk/broadcast/5a7dbf0ecb5fd9447f49d716 We also have Michael Kirkwood recently appointed to the BoD, a highly experienced former international banker. Read about him here: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BMN&ArticleCode=gqc67f3l&ArticleHeadline=Appointment_of_Michael_Kirkwood And we now have experienced ii's on board via the recent placing for �15 million. So the company is well funded to move this very exciting vanadium story forward. There is some speculation that BMN may be negotiating to acquire Sojitz' 15% of Vametco, which if true would take BMN share to 74%. 2018 may also bring news on the Mokopane vanadium project, the Brits vanadium project, electrolyte production plant, a brown field development and further progress on the Madagascar coal to power project. In my opinion a great time to be in BMN as the market appears to be awakening to the idea that BMN is very very undervalued.

In my opinion the future potential for the BMN sp looks incredible. I genuinely feel sorry for those giving their shares away now. Let's face it if you feel you really must try trading this then you could have sold for 24p + not long ago! My target remains: 75p to 150p. Won't be selling any in the meantime.

When Angus released RNS on 29 March announcing resumption of production at 212 bopd the oil price was $69. That has increased to $78 on 18 May. Thus on 29 March Brockham and Lidsey combined produced revenue of $14,628 per day. If production has continued at the same rate then revenue would now be $16,536 per day. If costs are $14 barrel then operating profit has increased over that period from $11,660 to $13,568 per day simply due to rising oil price. An increase of 16.4%. If production remained at 212 bopd, costs at $14 barrel and price of oil $78 barrel then Brockham and Lidsey combined over the year would generate revenue of $6,035,640 and an operating profit of $4,952,320. Obviously there are too many variables to be certain of these projected figures and Angus' ownership % of each well would need to be factored in, but that should at least pay the wages! Should Brockham and / or Balcombe deliver .........!?! All of the above is just my opinion using figures as I understand them to be. DYOR.

Sorry ".. learnt .."

Not a problem Alan. In answer to your question I don't just want a high sp as I paid that, I need a much higher sp (thank you Mr Vonk), but a higher sp will also produce a higher m/c. Sadly with dilution it is possible to behave a higher m/c and a lower sp. For me therefore it is the increase in sp that matters. I hope we are about to begin a period of growth in the ANGS sp. I just hope that Mr Vonk has leant not to over promise and under deliver again. I won't trust anything he says. I will only judge ANGS on the company's performance and the sp.

Alan I completely understand all that. My point is you cannot compare companies by looking at sp alone. UKOG has 3.8 billion shares, we have only 300 million.. When you say "that's why UKOG is less than ANGS" yes the ANGS sp is much higher, BUT UKOG m/c is more than 2 1/2 times that of ANGS. Therefore the market has currently valued UKOG higher than ANGS, even though we are producing and they are not. For the record I am invested in ANGS, not in UKOG. I am merely clarifying your slightly unclear statement about ... UKOG less than ANGS". Hope that helps. Just a point of accuracy.

Alan. UKOG M/C �55 million ANGS M/C �21 million ?

This guy has tried to make a mountain out of a molehill. And he is wrong. However the big story is what a great company we have invested in and in my opinion for those with patience there is a lot more to come from the sp. Nothing any individual poster writes will change that.