Member Info for spbhoy

Oh well, looks like we'll have a chance to pick up some bargains in that case

Having checked back Pdub, Q1 had no Ebitda details while Q2 did have them, so not sure if we only get them in Q2 and annual result, but not Q1&3.

Not much on the negative side that we did not know or expect, BUT no doubt the reduction in production will be seized upon by MMs to drop the price regardless.

No mention of dividends so perhaps FM is going to play smart and leave that for a separate RNS, either today or later in the month, as he would not want the effect of such positive news to be diluted by the likely negative reaction to this one by the MMs.

9 November 2018
Bushveld Minerals Limited

("Bushveld Minerals" or the "Company")

Bushveld Vanadium Q3 Operational Update

Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated primary vanadium producer, with ownership of high grade vanadium assets, is pleased to provide an operational update for the three months to end-September 2018 ("Q3 2018"), in respect of its Vanadium platform which consists of Bushveld Vametco Limited ("Vametco"), the Brits Vanadium Project ("Brits") and the Mokopane Project ("Mokopane").



Key Highlights

· Consolidation of Vametco ownership, following the acquisition, of Sojitz's underlying effective 16% interest in Vametco Alloys (Pty) Ltd for US$20 million in September 2018, increasing Bushveld Minerals effective interest to 75%, subsequently reduced to 74% following completion of the sale of 1% to its Black Economic Empowerment shareholders, in line with the requirements of the mining regulations of South Africa.
· Vametco's production for Q3 2018 was 537 mtV in the form of NitrovanTM from magnetite concentrate (Q3 2017: 669 mtV), a decrease of approximately 14.6% relative to Q2 2018 (Q2 2018: 629 mtV), primarily due to a 16 day unprotected industrial action during which the plant ceased operations.
· As a result of the industrial action and an unplanned seven day kiln maintenance exercise, Vametco's 2018 production guidance has been reduced downwards from 2,850 mtV to 3,000 mtV to between 2,600 mtV and 2,650 mtV.
· Ferrovanadium price averaged US$85.8/KgV in Q3 2018, an increase of 24% relative to the previous quarter. For the nine months to September 2018 the ferrovanadium price averaged US$72.3/KgV, an increase of 137% relative to the comparable period in 2017.
Ø Vametco's realised price is based on the prior month's average price.
· Ferrovanadium price has continued to strengthen with the Metal Bulletin FeV mid-price averaging US$114/KgV during the month of October 2018.
· The Company continues to progress the operational improvement initiatives to enhance Vametco's productivity and achieve maximum throughput.
· The Company has completed 13 (VM001 - VM013) exploration drillholes, as part of an initiative to increase geological confidence and grade control of the ore mined at Vametco. Assay results are expected by December 2018 with an updated Mineral Resource Estimate to be published in Q1 2019.
· The Company has received all assays results for Phase 1 of its exploration programme at the Brits Project, which has to date shown positive drilling results. Sampling results of Phase 2 drillholes are expected to be received in Q1 2019.

too much more to paste

Let's get reading

Seems very odd that he made BMN 3rd in his list. Also odd that he was positive and more detailed about Largo, with whom he has no business connection, yet focused on the "possible" Q3 figures glitch for BMN, albeit he did say that market may look beyond this.
If he was head of PR for my company, I'd sack him or at least have a quiet but harsh word.

Looks like the fishing trip didn't work and the bid is now rising slowly.

Day two of "let's walk it down a little first thing"..38.65p bid. Hold tight as thanks to Alfa and others, we all know and recognise their games

Herat rate rose just a little bit there. Just a warrants update though.

bid now rising so I guess it didn't' work

37.65p bid would suggest a large sell or a bit of a change of tactics this morning by the MMs. No matter, as this is just heading one way and they will need to do better if they want more shares

Ask slowly falling but bid slowly rising by the looks of it. Hopefully onwards and upwards very soon

Similar morning pattern as the last 3/4 days. Opening upwards before a short walk back down...no doubt followed by a rise again over the next hour or so.

I think they have a delay on reporting of around 5 minutes so pretty sure it was a buy

CNBC just flashing up a 542,000 buy at 38.5p

And!!! We are due various updates and news, dare I say imminently. Long way to go yet

CNBC showing A 32.65P for 205,000 first thing. Looks like your shout is correct again Alfa

Looks as if the MMs were happy to raise the price to encourage a few sells...but what do I know.

All my golden tickets are firmly tucked away so I am just happy to sit and watch the rise as it happens

Sorry Alfa, no link. It just happened to randomly scroll across the bottom of the page on CNBC news. There seems to be no clear pattern to what trades they show however as another has just passed at 31p for 50k.

31.38p paid for 242,000 according to CNBC news