Member Info for SickOfTheRatRace

Endion what you have said is the key point. If both USA and China impose import taxes for Vanadium from each other as things stand today it makes no difference to prices as they are not buying from each other. What will affect prices (as it already is) is the continuing supply deficit regardless of what is fuelling that demand, be it rebar/VRFB's or anything else. The most important thing here is that both China and USA are currently importing Vanadium from South Africa. No prizes for guessing where they are getting supplies from!

So BMN is in the very fortunate position of being the middle man between the two, one of the few places they can currently import from tariff free.

As has been commented on previously here, the US has no Vanadium mines. So they would either need to accelerate exploration and licencing in order to get mines up and running, or buy an ever increasing volume from outside. As the former even if accelerated would take several years to achieve the only interim solution is to place more orders with us.

I remain of the opinion that once Mokopane receives a mining right an approach of some description will be made. The resource is just too good not to draw significant attention and desire for control in a market where (as we see unfolding before our eyes) Vanadium prices are accelerating and security of supply is becoming increasingly high on the agenda. Of course whether BMN would entertain such an offer is open for debate but in my opinion an offer is inevitable.

What an incredible position we find ourselves in.

St0wski

"Is the market expecting positive H1 results / meeting targets set?"

Yes. This will be the first declared profit in company history which can only be a positive.

"Obviously there is the strike issue, however the shortfall in production should have been met with inventory (I would imagine?) and so shouldn't have too much impact on profitability for H1."

Previous H1 strike/protest interruptions account for <10% lost production guidance. The other 90% due to other issues including time to ramp up and equipment upgrades. It is hoped that H1 results will further clarify this.

It is important for anyone looking in today to state that the current strike action has NO impact to H1 figures as it is occurring in H2.

"I would also guess (bit of an assumption here) that we won't be getting the current traded highs of Fev"

Our resident BBN estimated a four week lead on sales so H1 should be market pricing between Dec 2017 and May 2018.

Hope this answers some of your questions.

Last RNS: "Bushveld's Management is proactively dealing with the matter and satisfied with the approach adopted to resolve the situation without delay."

Sounds to me like the BMN board are involved and indeed need to be involved if there is cash / share compensation arrangements on the cards. Vametco doesn't issue it's own shares so BMN management need to agree this.

Seems there is more than one type of fishing today.

Sorry that should have read 80,085 or 8,008

Bassguy if you see a trade of 80,085 shares or sometimes 8,085 shares it is normally nailed on to be fatbanker buying.

Max 1000 at 26.5, everything else NT

There's Vanadium at the Bushveld. Who knew!?!

Trust they will be subject the same multi-year wait for a licence or who knows, maybe we will buy the resource of them once proven up - stranger things have happened.

Welcome bassguy, glad to see the research you did convinced you to stay. It really is a compelling story unfolding before us.

Welcome Arvin08, the more genuine investors the merrier. You have found a cracker of a share here that's for sure :-)

Cannot wait for £2, next jump is a £5 note!

A very real possibility with Mokopane up and runnng and BE (business plan eagerly awaited!)

The strike may not affected US deliveries at all, depending on how much buffer stock is being kept at Vametco. Of course the longer the strike goes on the more potential impact once buffer stock is reduced.

It has been mentioned that at least some staff are back at work but possibly not enough to mine. Certain enough to move bags of product onto a truck, which can be done by a handful.

If there is one thing my limited stock market experience has shown me is that traders will use any excuse under the sun to adjust prices, even just fear of something happening. Therefore I am under little doubt that Vanadium traders/exporters will be using the Vametco strike as a reason to justify price increases, however valid they are.

Alfa in relation to your earlier message regarding advertising how targeted can it be? I certainly see merit in at least a trial if adverts were to appear on share sites, Vanadium comment, tipsters sites etc.

I haven't looked at this for a while but I believe both Google and Bing offer advertising credit for new signups.

However I don't think I would bother entering a bidding war for Google keywords for search results - in-line banners are likely to be more effective like the ones we get here particularly if they are appearing on news/tipsters sites - actually it would be quite ironic to see Bushveld Perspective popups on TW sites!

Personally I have had enough of the mismanagement of the company, constant failure to progress with the majority of deadlines missed. So count me in to the EGM pot with 241,000.

YTSS No response received to this query.

Google has the hours as:

Friday Open 24 hours
Saturday 12–6am
Sunday 6am–12am
Monday Open 24 hours
Tuesday Open 24 hours
Wednesday Open 24 hours
Thursday Open 24 hours

Interestingly Google has Monday down as "Day of Reconciliation" which given the strike might be an omen, particularly as the actual Day of Reconciliation is supposed to be in December.

With all the excitement over at BMN it is easy to lose sight of ATM.

The previous RNS indicated that construction was targeted for completion in Q3 which is two weeks away.

Hopefully all on track and notice of good progress coming soon.

Thanks Pdub. The respect is most certainly mutual. We may not always agree (which in itself is healthy) but you were instrumental in helping to keep me invested during the dark days for which I will always be grateful.

Endion certain trolls lost all credibility long ago. Like when we were told by one that they were basically god in their organisation, everyone in the company used to run all figures through them as a final check as this poster never, ever made a mistake. Shortly after that post they posted here with figures that were quickly shown to be incorrect and they had to backtrack. Hiding behind their 25th incarnation of username is not going to change that.

Pdub I hope you didn't misinterpret my last comment as a broker attack as that wasn't my intention. The post before that regarding SMC, yes that was a criticism as they shouldn't make mistakes like that. Regardless of how likely it is that potential investors come across broker notes or not, that doesn't excuse basic errors particularly as in some instances they are paid by the company for services.

In regards to my last post all I meant was what they have said in the broker note is vindication of what has been said on this board continually for new investors to see for some time. It's actually very positive, if we are visited by any naysayers seeding doubt we now have an extra response in our locker. Recent history shows some long term posters under attack saying that our forecasts are wrong, fanciful, ridiculous, pie in the sky, take your pick. Well hey you know what, it's now not just us saying it brokers notes are too!

In relation to SP Angel, I actually interpret that closing comment as an olive branch. Do you know what LSE members? It looks like you were right and we were too conservative. Going forward I take it as an indicator that this board and the broker are going to be more aligned in future, which can only be a good thing.

Of course I also fully appreciate that many here are living and breathing everything BMN day in day out, investigating and commenting every piece of information, digesting everything said in minute detail, monitoring shipping and forecasting results long before official channels do. That is why I am proud to be a small contributor on this board which is beyond all doubt the best board I have ever participated in.

Of course brokers don't just have BMN to worry about unlike us so it is no wonder we are usually ahead of the analysis curve.

"Theoretically, if the vanadium price were to remain at current, elevated, price levels then Bushveld Minerals should be worth just over a pound more in share price terms by out modelling, though we suspect other costs might creep higher to eat into this value."

Vindication of the first class research and analysis posted on this board. Excellent.