Member Info for Sanchez599

If Golden Summit want to keep selling at 10/11p or lower then more fool them. They are being taken to the cleaners.

Just a thought but perhaps people are topping up because they think Bushveld at 11p, a share price only seen in April 2013, March 2018 and during Covid, is you know, good value.

We have all seen how these overhangs play out. No one knows if they are selling the whole lot and everyone knows how quickly things can change.

I see they are having the full Vaneck treatment. They should have asked us...

Interesting update to their scoping study released.

Suggesting costs of just over $3/lb based on a baseline price of $6.95/lb. Pre-production capex of $161.5m.

Those numbers seem very very tight to me. Obviously they are trying to promote their resilience in the current environment but it will be interesting to see how achievable they actually are given the potential of the Capex increasing and the extra-over costs of getting their project over the line in the current market.

It really reinforces what a steal Vanchem and Vametco were. Particularly Vametco. It was such a clean, creative and bargain basement deal. Still blows me away thinking of what we pulled off there using its own production to pay for it.

Madness Jogj. Not even the most basic of points are grasped. Imagine after all that has been shared, thinking the SA gov are paying for the BESS project.

For me this highlights our main issue. Aim is full of people who talk about the DYOR bit, but actually the majority just base their investments on whoever is currently popular on Twitter. The market is a reflection of its audience. Its just pump and dump after pump and dump, with the resultant effect of creating a market that is entirely inappropriate for long term holding.

All AIM seems to be these days is big voices calling stocks for others to invest after they have bought whilst they are busy bailing themselves, causing domino like effects when people realise. It would be more impressive if some of these people actually had the bravery to shout as loudly when they are selling as when they are buying.

And all of this is precisely why what Bushveld are delivering is not connected to the share price and why we would be better served on a more mature exchange that is aligned to the interests of those with a longer term mindset. Every move is exacerbated by this irrational market. Currently we are being punished for Covid and a seller, with no regard whatsoever to the actual business plans and achievements because people just do not truly understand it.

I repeat that we were 50p with Vametco and 12p with Vametco, Vanchem, Moko license, Enerox, InVinity, Eskom underway, electrolyte underway and our own minigrid underway. Monumental progress which has achieved shareholders an 80% fall in their investments.

The only dog around here is the market we are listed on. Fact.

Calamari, I have less than zero desire to engage with your pathetic tactics. Everyone knows what you are doing. Have a great day trashing people's investments.

Every buy or sell has an exactly proportionate impact on the SP.

We are now at peak Calamari

That really is a weak argument. 'The share price is the net result of buyers and sellers.'

There is no manipulation, there aren't any vested interests, it's absolutely right that the prospects of the company mean nothing and it's all above board.

Jesus wept.

If anyone is bored of listening to Calamari's blinkered obsession with telling us all why our share price should be down, whilst ignoring the actual reasons we are here even more, there's a great graphic on this tweet regarding the recent downsizing of big oil. It's a great visual that captures the peak and start of the descent for the O&G industry.

And it's the price they are paying for years of protectionism and climate change denial.

Sanchez599 (@Sanch3z599) Tweeted:
About time too.

These companies have spent years and millions of $ trying to convince the world climate change isn't real. And here they are, finally starting to pay the price for it.

Renewables are the future and it's really only just getting started.

https://twitter.com/Sanch3z599/status/1308642804420276224?s=20

Pdub, he's another one who posts when the SP is down for purely self-serving ends then disappears whenever there is a rising SP.

Beginerman, honestly and unsurprisingly you and fizzy just sound bitter.

Judging the progress of the company is about a lot more than the share price.

Perhaps some might like to start looking at the big picture rather than writing posts as if Bushveld closed forever today and we are reflecting on how it all went. Shares go up and down over long periods of time. If you don't want to see that this is a time to load up with the bigger picture in mind, and that the most exciting times lie ahead for the business as the renewables play develops, then guess what, incredibly there are other shares.

This is about people resenting the fact that this company has a solid cohort of people who believe in it and don't just change their opinions when the share price is down.

Imagine actually having a problem with that.

In reality of course all of these idiots have just turned up now because they all want to buy cheap shares. That's the even sadder part - look at what they are prepared to do for them.

If you don't need to sell out in a month or three, ultimately what's the big deal. It's most certainly annoying and I am not diminishing anyone's frustration, but imagine being in fossil fuels, or Tesla or Asos before they really took off and selling out of frustration. Energy storage is going to be ubiquitous.

They aren't getting my shares, however much I dislike being shafted by this current aberration of a valuation, the way the market we are on is incapable of valuing us fairly and the fact there is no recourse for the behaviour we witness so often. Let alone the fact that we get hit for both UK and SA lockdowns, despite being in SA and get no benefit when they end.

Fortune asked us to keep the faith and stated that people can expect to get the returns they anticipate. That is a clear public request to ask us to trust him. I am prepared to do exactly that on the basis he has earned that trust. It's on Bushveld to deliver and keep their end of the deal and I am sure they will.

Quite a lot of shares bouncing back this morning.

Side note, we were down more than a number of FTSE listed restaurant groups yesterday. Because being a SA vertically integrated mining and energy co, we are more exposed to UK Covid restrictions than a UK restaurant...

The whole market wasn't starting from the absurd position we were.

Apparently from being worth £500m in Nov 18 when we didn't own Vanchem, Enerox / InVinity stakes, were still buying out Vametco and Mokopane was not even imminent, having completed those activities, and now underway with Eskom, Electrolyte and trebling production, we are now worth a MCap of £132.5m. Which is now lower than our NAV.

South Africa is moving to level one (the lightest) lockdown and Bushveld isn't in the UK. It would be quite remarkable to be penalised for restrictions in a country we don't operate in....

Well done Numpty. It's a price that people will look back upon in the future and wish they had bought a lot more.

Fortune's end game surprisingly, is not a sub £200m company with a share price of 12p.

We are being played with as Alfa has described this morning. These transactions are being used to wear down shareholders and help certain entities make a killing when the tide turns. Which it will. It's been a long 20 months since Nov 18 and 50p. Shareholders are definitely due a change in fortunes. (Not that Fortune!)

Interesting article being shared on Twitter this morning regarding lithium having a potential lifespan until 2040. Hardly the best anchor commodity for the decades of energy storage that lie ahead.

GLA

https://twitter.com/BushveldMin_Ltd/status/1306940384220786690?s=20

With respect, it was a polite reply. No one is shooting anyone. This isn't America.

Fosters, do you not think success with Eskom, electrolyte production and a move up in V prices would deliver that result?

Regardless of some of the obvious tensions, remember, also what happened at the end of Erongo and post-placing. However they are being handled, there are significant transactions happening at the moment and they will have to end.

Also, the JSE shares will of course have to come from somewhere.

Just a note for future reference.

This board is fully capable of discussing good and bad about the business when the conversation is between genuine shareholders.

Thank you to everyone who has contributed. Very civilised.