Member Info for Sanchez599

Even if you look at stress-testing the production numbers for the year, and being generous with the PE ratio, guidance for Vametco sits well above the current SP at around 33-35p. This increases with any incremental increases in production which FM stated in the most recent RNS. You can also increase the valuation further should Sojitz be taken out. This excludes attribution of any value to other assets or BE - clearly advancing at a rate of knots, AfriTin - production H2, Lemur - spin off and so on.

Whether you want to argue the toss over short term production values, it matters not because beyond this immediate horizon is phase 3 - 5000 MTV and a fully operational Bushveld Energy and electrolyte plant. We can also look forward to developments relating to both ore deals and greenfield production our world class asset, Mokopane. Brits also, is not being drilled for fun.

As far as providing both immediate and SP targets and a compelling proposition with obvious and significant upside over the medium and long term, BMN clearly, without doubt provides both in spades.

Nothing has changed regarding the companies long term prospects since the last RNS. Anyone reading will see two sarcastic, catty and ineffectual posters in NVH and Maurice with clear spurious motivations. Dont add fuel to their tepid fire, their posts will be gone by Tuesday anyway. They are incapable of holding their narrative together anyway.

So 30-40% for starters and a simple glance beyond the curve, even a cursory one shows clearly everything else to come.

If you can't wait for BE and 5000-10000mtv and what that will mean for your shareholding why are you even invested? It's what this company is all about. DYOR

I think people are simply likely to refer to last night's discussion and point out that you are a complete fraud. You don't get that it isn't your opinion being right or wrong that matters. It's the years of lying and trolling. 6m ways to lie.

https://allafrica.com/stories/201808230443.html

The best thing people could do is have the weekend off. It has turned into a great week. Strong bounce, BE grant, huge increase in Ebitda, Mokopane looking like both Chinese ore deals and greenfield to come. Possibly more warrants burning through and great volume. So the targets down, well let's watch the Vametco team beat it now. Have a good one all.

'The supreme art of war is to subdue the enemy without fighting.'

Sun Tzu - The Art of War.

Paid...

Paid, now 25.22. good to see a strong move over 25. Great recovery.

Explains the be careful what you wish for comment. I bet he enjoyed marking that down.

Paid. Looking pretty resilient today.

As a holder (still for my sins) I thought that RNS was a joke after so long. Where's the strategy update? Gosh our CEO is useless. I would actually welcome.thia being shorted simply because it may prompt JZ to actually be proactive. What must his largest holders be thinking. The guy is a joke. Literally a laughing stock these days.GLA genuine holders, surely a positive day due soon.

Well done Mikhail and BE, fantastic news. Could lead to some epic orders.

Thanks Tyfoon, a better source than Farcebook. You have to feel for those making the demands despite how ridiculous they are. Clearly they just want to work and thrive like all of us. Mokopane and new greenfield would clearly be a great answer from a BMN perspective.

Yep, it was PP and it was corralled, rather than employee instigated but staff seem to have got embroiled too and there is a few posts re: salary.

There was a planned strike at more mines than just Vametco on August 8th. From FB posts it looks like a combination of taking issue with the BEE component and who is benefitting and also salary. Bear in mind though this is gleaned from FB.

I winced at that 400k. Someone definitely felt that.

Great posts. A dose of reality mixed with experience and without fluff. I am sure most agree discussing both sides of the coin is important. However context is everything. Comments on boiler rooms and rose tinted BB's miss the point of context and lack understanding of the dynamics and history of this BB and it's posters. Yesterday I feel Fortune got all his skeletons out on the table. We bottomed out and it was pretty ugly for a while. However the disappointment in reduced production targets is obviously tempered by the reality of our EBITDA. As Ophidian has eloquently communicated, the actions of the board to restore the quality of grade and get production up to speed are crucial. We also do need without doubt to improve Comms. Not just in this instance but also with previous insinuations of imminent news and items such as the capital restructure being mentioned too often without any substantive news following. We aren't the finished article and there is clear room for improvement. What happens during H2 will be very telling and an opportunity for a strong response to these issues.

And even in the midst of industrial action and a drop in production in the short term, the EBITDA is still more than most companies on AIM can dream of.

So many new names with such dubious opinions appear at moments such as these...

So overdone.

Not surprising! Thanks FB

That was 100% Capa. He uses that version of FMs name.

Totally agree, after such strong upward movement this is just the excuse needed to test the weak hands, get the market moving and stock up before selling them back to PI's for more in the very near future.