Member Info for silverknight

Does anyone know exactly how many shares PRIM now holds in Bushveld?

Mr T. Not sure how many shares you hold and for how long but you're showing a lot of faith and fortitude and I respect that ..This board has attracted a lot of fly by night punters over the years. I think CBs investment here is pretty small potatoes in the context of his total wealth. If I had millions of these shares I'd be inclined to cut my losses but I only have a modest holding. I suspect 2023 will be a landmark year for Bezant so it will be interesting to see how it pans out.

You've been in here as long as me, I think, Prickly. CB says what he thinks the market wants to hear. He's full of s**t. Look at that ridiculous presentation in 2018. Nobody believed him and the sp has been in freefall ever since. It's always jam tomorrow. Sorry but posters have been talking this one up for years and it's only gone one way. Still they say that it's better to travel hopefully than to arrive.

It isn't a dog Archy. The sp got well ahead of itself 3 years ago and has lost 70% of its value but keeps delivering new contracts. This is one of my biggest holdings and I'm happy to keep topping up until it delivers. Should also be a hedge against a falling pound.

The key (unanswered) question is how does this company intend to repay the loan due in 9 and a half months? There's no way it will generate revenue (let alone profit) to do this. Perhaps they will roll it over.
Also it will probably need more working capital by then-Bird's got to be paid even if shareholders get nothing. He, rightly, rejected another share issue which would have been tricky to get away, so where is future funding coming from.
This is why the sp is flat on its back.

Very disappointing. The quoted elements have slumped badly and the rest of the portfolio is illiquid. I'm marginally down but disinclined to top up right now. Can see the Nav taking a tumble.

I think "well" means resilience against multiple defaulting tenants. It's all relative in an extremely difficult market.

It's actually on a 40% discount to NAV-work it out. Also the accounts show net debt of £221.5 million. Read the balance sheet.

Classic cyclical sector of the market. There has always been a housing shortage in this country but look what happened in the early 90s. Banks desperate not to repo because there were no buyers. This producer of overpriced characterless boxes is entering a very difficult period. The dividend will need to be slashed to conserve cash and I can see an sp of £12 near term. It's a survivor none the less.

Very sensible Chester. I bought in last week as a core holding for my ISA and will add. Excellent and growing dividend.

The only thing PREM and CMB have in common is geographical locations. CMBs assets are held outside ZIM by holding companies so USD sale wouldn't touch ZIM. If all assets are sold off the company would have to delist. If you want real value there buy CMCL but it looks like you're only interested in micro priced shares.

I suspect that any offers might have been too low to accept. The Radar holding will be particularly difficult to shift. Still a resolution with the RBZ on the legacy debt would have a major positive impact. Reinstatement of the OMU holding on the ZSE would also help. Could be a long wait before any sp improvement

Any property disposal should have an RNS as it would represent most if not all of the m/c.

Contract wins seem to have been quickly forgotten in the retrace. More will come. This is heavily underpriced on a m/c of £10mill. Buying opportunity

Dragged down by poor sentiment and weak gold price. This has a low AISC (below $1000) and $14.4mill in the bank so dividend hopefully will be safe. Inflationary pressures only seem to be coming from materials so a tightly run ship.

The gold price needs to move back over $1800 for sentiment to improve. Anything under £10 is worth topping up on.

Under £9 now. Nasty

MrT. First of all, thanks for being able to discuss this without being abusive like many who are losing money and don't want to hear negative comments. Don't know how many of these you have but my holding just isn't worth selling at this price. Might end up a useful tax loss. Mankayan is by far the biggest part of the portfolio in terms of value but where are the funds to develop it coming from? Going to need many millions and it's in the hands of an Aussie shell company! You have stuck around longer than many fly by night posters here but I'll offer you a friendly wager that this time next year the sp will be under point2 pence. How about that. Have a good day.Sk.

MrT. I know I'm a sad old git but I had a look at the posts I've made on here these last few years. The numbers never really stacked up which is why I have been negative as the sp kept falling while different posters kept talking it up. I get no pleasure or satisfaction from being proved right (so far) but a lot of new investors have come into the market in the last couple of years and it's an easy place to lose money. The acid test will come next July when the loan comes due for repayment. The clock is ticking.....

All these micro cap blue sky explorers are at or near their lows. The bzt website is very transparent. Mankayan is with a single asset business with no financing and bzt are minority holders. This will take millions to get to production. Where's the money coming from? Eureka appears unsaleable and the residual 4 businesses cost less than £2mill and another $1mill in funding commitments. It's all chicken feed. Heading for a recession people aren't inclined to waste money on this type of share- it's all reflected in the current sp. Sorry, I know you don't want to hear it but there it is.