Member Info for RichKen

Sorry. “AIM is good for a start up”

Tycoon, from your comment this afternoon about reaching a personal threshold and then being out of AIM, I think it would be even better if the company reaches a threshold and then transfers out of AIM to the FTSE index. This will also help us. I would hope this could happen early next year. AIM is god for a start up, but not for a full on highly profitable producing company which we now are!
I think we have had an exceptional week this week so far, but I think we will continue to see a increase not only in buys but more new contributors to this B.B. we are getting noticed and the effect of new buyers coming in, seeing the daily rise and then adding more as they see the fruition of our production and the solid foundation that our BOD have created means that this is a small snow ball at the top of the hill which will grow quickly as it starts to roll.
We are very likely to jump passed our LT Holders first target number and very quickly to 70 or even 80p. Buy this time we should have so much news, the world will only be talking about one vanadium supplier and that will be Bushveld Minerals.
When I was young I always saw SA as the Diamond country. The new Diamond is Vanadium!
What a day and what an evening. We are definitely wining here!

21.5/22.00 on HL +5.72% in 12 minutes.
We need a steady rise!

Thanks Ophidian and Tyfoon for running the numbers. They are big numbers for us all to consider.

We might need to write to the chancellor and ask for the pension lifetime allowance to be raised

In the meantime focusing on the here and now our beautiful mineral is still rising and we are mining and producing 10.27 tonnes per day at 74,000$ per day. After production costs and conversion to GBP - that's £567,537 per day for Vametco. Very Nice.

Thanks folks.
I think we really are on the brink of the next big rise. Especially as we are due so much news and we really are making serious money.
I am flattered to think Capa thinks I am working on some complex scheme :-)
I always share great things with my favourite people. I thought was called being a good friend. If you go on holiday you tell people if it was good. If you go to a great restaurant or hotel you share with folks how good it is.
Well I found this rather tasty investment which I have been in since it was about 6p. Then I found this share chat. Wow loads of people share information with thousands of readers on here the detail and analysis so others can learn and grow there knowledge. We even have our own website set up by Alpha which many on here have contributed too.
What a great team of PI,s doing what people who care do. Trying to help educate others so they can have a little of there own joy. Most people in life work very hard and gain little reward and when an opportunity comes up to help then we should do.
This is a team effort and all the people who contribute asking questions, giving educated feedback and insight help this.
We have here a great company with a dedicated hard working board of directors, who have seen the future and built something from almost nothing to what could be one of the most successful companies in South Africa post Mandela.
Not easy. On the back of there vision and our successful searches for a great investment we can all secure of futures. That to me is a good thing for everyone.
Looking forward to a very exciting day again tomorrow.
Good night all :-)

In my work, I visit a lot of people and have shared the BMN story with many of my trusted clients and colleagues. Many of them have seen the success we all have experienced.

Many of them continue to invest. I have a couple of them who have large amounts to invest this week. That amount doesn't tie in. But I have a friend who will be adding close to that amount very soon. But the other one will be adding a larger number soon too.

I am sure the more people we share the BMN story with as they get involved, then they share the story and buy in then they share. This a lot of us posting on here and investing. I would like to see all my friends, colleagues and clients have a piece of this beautiful investment.

Every buy into this company is a "very nice buy" as it brings a great opportunity to those who see the massive potential before them. For those with modest amounts putting in regular savings into an ISA and buy shares like these will help transform there lives as it has for us, loyal long-term investors. There are always risks but this company right now looks a very low risk to me.

#cindercone, I am not saying it is my prediction that it will get to £10.

But it going to find a place way higher than £1 in the near future, none of us can say where this technology will go with the VRFB. But the world is not just China.

Any country which invests in renewables via wind or solar needs energy storage. Given the huge cost of keeping Lithium batteries cool and their limited life, as a major storage device, as installed in Australia, their days are numbered. They need huge amount of power just to run the chillers. That's why a Tesla car cant keep running at high speed. Also in the press the issues with charging batteries which have been on load and then need charging again. It is a problem. We all know the limitations of battery memory too with Lithium based batteries.
So our electrolyte and vanadium is highly likely to be in big demand beyond what any of us can envisage. Given that a huge amount of our Nitrovan goes to the US and they too will be looking at these batteries as they also have a huge population. Why will they not become a big client of ours for the electrolyte? Let alone the vision of Fortune and Mikhail have in Africa where energy storage market has a huge potential.

We don't know where we will be in 5 years time, but my guess is we will be all very surprised what will play out here. I am very excited to be a small fish in this huge pond.

The price of vanadium keeps rising and every day our profits will too, this gives the company much better opportunity to re-invest and grow more quickly which will benefit all of us PI's too.

There seems to be a flow of red on the last trades going through. If people hold in there they will see a huge profit. I hope people are not tempted by the roller coaster which is that oil exploration company in the Weald basin. They went from 1.1p to 11p and then back down to 0.9p and now rising again. But they will never be the investment in terms of gain or return that BMN will be, that is for sure. Oil is not in constrained supply. Vanadium is, and the profits here are going to prove to phenomenal! The supply of this precious mineral come November is going to be so in demand. Then as the VRFB market starts to go we are sitting on a mineral which will be worth over $100,000 per tonne and in 2 to 3 years we could be processing over 10,000 tonnes per year. The end of next year we know that our fantastic board of directors will yet again be telling us the expansion has been completed on schedule and on time and we will be processing 5000 tonnes per year.

Then we have the mining license which is due very soon from the Mokopane site which holds one of the largest high-grade vanadium reserves on the planet.

Then we have an electrolyte plant in build to produce the electrolyte for the Vanadium Redox Flow Batteries which will bring incomes likely to exceed those of the selling of the mineral itself.

We have Lemur our coal asset, which in the developing world is still a very hot material for power generation and that is exactly what Lemur will be doing with our asset.

It is hard for any of us to see where we will be in 3 years time with our SP.
But over £3 should be easy, but how much more after that is the million dollar question. £5 maybe even £10.

The world needs this precious mineral to meet construction demand and for energy storage like no other. We, Bushveld Minerals are in the driving seat.

If you are reading this and thinking is this company for real, then do some research. It really is. It will be a life changing decision. But be patient, this is not your normal AIM company!

Good morning everyone. Looks like it is going to be a strong week. Already 20.5/21.0
If we look this next quarter and being conservative and say 72,000$ per tonne
we should produce around 937.5 tonnes.
Using the figure Pdub posted earlier of 16600$ production costs.
That brings $51,937,500 for the 3rd quarter. So if take 59.1% for BMN.
This gives $30,695,062.5 for the quarter or £23,322,252.
Not bad for a company with a market cap below £250million.
That is before all our other news.
The only way is up baby!

@BigBiteNow many thanks for this insight, I really hope you are right.

The wording: Simplify Bushveld's organisational and corporate structure to improve Bushveld's exposure to the underlying cash flows of its assets (US$9.0m) (£6.4 million) could easily be used for this, but would this be enough to pay for it from this part alone?

I hope it is. There will be other ways I am sure of raising the capital to do so. For the company, it can't come soon enough.

As always your insights are invaluable to us all. I love the way you manage to get under the skin of the words given to us in the RNS's to give a full picture. That will be the RNS that will give us a massive boost. The other will be Mokopane license.

Equity placing
On 26 March 2018, the Company raised approximately US$22.2 million (£15.7 million) (before expenses) by way of an oversubscribed placing of 152,749,172 new ordinary shares of 1 penny each at a price of 10.3 pence per share with leading institutional and mining investors (the "Placing"). The price was calculated as the 5 day volume weighted average price (as published by Bloomberg) at close of trading Monday 19 March 2018. The Placing shares represented approximately 14.4% of the Company's issued share capital on admission.
The planned use of the net proceeds of the Placing, being approximately US$20.9 million (£14.9 million), was to:
· Redeem the outstanding Atlas Capital Convertible Bond (US$6.3m) (£4.5 million);
· Simplify Bushveld's organisational and corporate structure to improve Bushveld's exposure to the underlying cash flows of its assets (US$9.0m) (£6.4 million); and
· Support Bushveld's vanadium expansion programme: Expansion of the vanadium reserves and resources at the Vametco mine and Brits Project for future production and support Vametco's expansion plans to increase production to more than 5,000mtV and beyond (US$5.6m) (£4.0 million).

So this clearly says at this time the money was not to be used for buying out a larger share of BVL. But the money is clearly being used wisely.

This is a very exciting statement overall, and the most significant for us PI's is that the company is doing so well know that it is working away to bring a dividend! That on a company with a current share price of 18.6p. I don't think we will be at this level for long once the market looks carefully at this amazing company report!

Yes Kev, I had to change calculator just for this calculation! The numbers are becoming mind-blowing and yet the MM's still have our SP dropping a little. Time to buy some more, before this goes off the scale!
I can't wait to see what happens when the addition news drop over the coming weeks and the effect it will have on this Junior Minor which is surely about to become a truly serious global player in the mining and energy markets!

Vanadium is starting to look much better gold let alone oil!
So this should relate to us making more than $4.4 million in profit per week. We are going to surely soon have the mother of re-rates. Not bad for a miner the world seems to not have discovered. Ah! But, we have!

If you looked at the trades at that time there was a huge influx of buying. If that happens the price goes up. Pure and simple. If the is a huge demand the price can only go up. As soon as there are enough people, fund managers all buying in as they decide this is something they see the potential, income and secure growth and it fits there fund fundamentals they will come on board and the price rises.

Hey Nick and that is just Vametco! It takes no consideration to Mokopane, no consideration to Brits, no consideration to our newly constructed electrolyte plant including Bushveld energy, no consideration of the shares received from Lemur Resources float (if this progresses).
Then we should be building over 3 GBP per share or even more.
This is just a dream ticket! Oh and I have lots of these beauties. It is so exciting. I am very happy to wait it is coming....

Pdub,
Sorry I am confused by your last post. We haven't got to 21.08.18 yet. So can you explain, please.

I am sure you are saying that when the accounts were released in 2016 it had no effect, in 2017 it had no effect. So in 2018 it should have no effect, apart from the forward update which should give the market an exciting wake-up. As it should give a signpost of the huge change in operation and the huge increase in our selling price and the percentage reduction in our operating cost which should show that we are expecting profits per week in excess of $3 million per week.
That would be very good final forecast for Vametco for 2018.
Best regards..

I think 47p is a very fair price for us to be now. Especially when you look at the value of all our assets. Then once all the latest figures are published of course we should be a whole lot more than this. I still see this in 2 to 3 years way above £3 per share. Let’s hope the MM get us to 47p very soon. But I am looking much further forward when Brits is on line. Mokopane is being mined and Bushveld Energy is producing electrolyte. Then we will be looking very rosey in deed. 18p for £3 or even £5. Looks like a bargain we are not like to see for much longer. As Pdub has stated or profit for 2018 is likely to be well north of $180 million just for vametco. Amazing.

Just to be clear, my question on this was not about Largo it was the potential operation in Sweden.

I think this is a very interesting time for Vanadium and for us investors. As posted earlier there will be a european pure play Vanadium spin off IPO in October. The resource compared to us is a much lower quality, but the political map and potential support from within the country location is very promising. However the time from start, to potential off take at 4 to 5 years is a long time from now with many hurdles ahead. We have at BMN everything in place, huge revenue coming in. In terms of pure profit and growth potential which is more than exponential. The common factor will be AIM listing. I am sure many of our knowledgeable investors will have a very keen interest on how the two play out over the next 5 to 10 years. Will political stability prove the clincher? Or will the world class asset and management team we have in BMN prove so strong what ever happens in SA mean we see the potential value we have here will turn this into a multi billion market cap in should be? Vanadium with Copper look to be the metals of the next 10 years. The 4th Industrial revolution is starting and these two metals are critical in every respect. Vanadium is our baby and the world has hardly heard of it. Thoughts please...

I think BMN is the most exciting unknown investment going at this moment. How can a company with so much revenue (unseen to the Unresearched) and such a large long term resource be so undervalued in a steel market which is under so pressure to increase its vanadium content with so few suppliers. Then the huge potential of Vadadium Redox Flow Batteries to help the world transform its use of renewable energy by storing the energy in an electrolyte produced by our own energy company. It makes Tesla look a boring company and very high risk compared to BMN as an investment. Glad to be a significant holder of shares in this fab company. Would I recommend this as an investment? Is a wheel round? Best do your own research. But buy in soon. Welcome to this, the best informed group of Investors in AIM.