RE: JSE Listing and Fund Raise7 Jan 2019 17:49
BBN - I am 100% with you with respect to a potential capital raise for the implementation of either the expansion to 10,000 mtv per year for brownfield or further expansion around Vametco/ Brits and potentially Mokopane.
I know you have Mokopane on ice at the moment in your ideas and your focus is really pointing at Vametco/Brits. However, the potential with also developing the Mokopane resource if at all possible especially if they can, as Fortune mentioned previously, just supply raw ore for processing elsewhere to fund a full greenfield production plant would be a complete positive outcome and would be very astute.
Either way funding for these projects which will make very fast returns and secure the future of Bushveld as “The vanadium supplier” in the world and this is critical for implementation in the next 3 years before any other mines have chance to complete.
Funding from the JSE listing would be the perfect way to do this as the take up would be substantial and local investment and ownership is very important from a political point of view and I am sure Fortune is well aware of this.
How this all unfolds is very exciting and it will accelerate the growth of the company in a way that most small AIM investors have not seen before. But from a business point of view this is entirely sensible.
Exciting times. Good to see some really strong new buyers coming in today as well.
Cheers,
RK