Member Info for TrevorBrooking

Sounds like robbing Peter (Orion) to pay Paul (Primorus) to me! If they have the cash, why not pay it now instead of November? Just pushing everything down the line once more.

Beginning to wonder is Pdub actually Fortune?

DDB, I refer you to my post of 27th June

"Just for transparency, I did buy back in a small amount last week hoping for a dead cat bounce. I suspect there may be a rise to 4 or 5p over the next few weeks with the excitement of a new CEO before reality sets in and it drifts down again, a small trading opportunity. (By the way, if operating progress has been so good, why did FM step down? Seems strange!)"

Bdb, lots of ifs in those statements, but if it does all go through as planned then I'm sure this will add value to Bushveld's balance sheet. It's just everything else I'm concerned about as a shareholder, rising costs, falling prices...Not sure this deal would impact enough to make a difference to profitability.

By the way, I'm a he/him, not a they, I'm too old for that gender neutral stuff!

Takanalyst, I think that even my good friend Pdub would agree that the SP Angel forecasts aren't worth the paper they're written on. I hope you didn't invest after reading their January 22 forecast of 31p!

Whilst being indicative Pdub, these numbers are a bit meaningless without production and all other costs being known, we should find out more at the end of this month hopefully, followed by the interims in September. Until then we cannot confirm whether they are making an overall profit or loss.

Marc. read back through my posting history for cost discussions, happy for someone else to come up with their own projections

Pdub, I'm not sure that the US price of $38 is something to be happy about. I believe that the all in costs of bringing the V to market (ie including admin costs, finance costs) are higher than that, but happy to be proved wrong. DYOR

Before someone else points it out, that forecast is just for steel, battery takeup is going to have to go some though to take up all the surplus!

Bonxie, I'm reading that the same way as you. Looks like the forecast is saying no excess of demand over production until 2030 (a tiny bit in 2029) - This doesn't stack up with what certain people on here have been forecasting and the information is straight off Bushveld's own website. It will be interesting to hear what Pdub's and Harchris's thoughts are on this (they conveniently appear to have ignored your post so far). Hopefully we can bring it to their attention!

LSE have it correct, intangible assets are excluded from NAV per share calculations

Pbud, we all have our own opinions, and quite frankly I really couldn't care less if you filtered me or not, what difference does it make to me? None whatsoever!

Pdub, I'm glad you agree with my post. It does cut both ways, investors want to hear both the positive and negative. Having just one or the other makes it difficult to make an investment decision. And for those looking forward and considering future potential events/developments, it's important to highlight and assess the risks involved which are all too often ignored on this board. For the record, I do not ridicule the positivity, I just add known facts to the equation, which any good researcher should do, surely?

Fair enough Pdub. And as you are aware I am invested here, I got back in sub 3p (and could have again this morning!)

Contrary to popular belief, I am not 100% negative on Bushveld, I stated only a week or so ago that I thought there could be a rise to 6p or so before another fall back. The reason I post negative facts is to give potential investors a fuller picture. There are too many people on this board that only highlight the positives, only earlier today (or last night) Harchris was telling us how much savings were being made due to favourable exchange rates this year, but failed to mention that vanadium pricing has fallen 10% this year. Do you not think that this is a valid point to make? I would point out that I try and stick to known facts from RNSs etc

As you say people should do their own research, having all the available facts being presented to them will assist with that, both good and bad.

Pdub, I don't recall making any personal insults against you, if have I apologise but I would be interested to know what you are referring to!

Pdub - "Profitability clearly achieved in 2023/24 and visible to the market."

No figures released so interested in how you have come to this potentially misleading statement?

Harchris

Just to keep things in perspective, you mention that costs have fallen by 10%, you forgot to mention that price of V has also fallen by 10%.

"This is nonsense, the punt/bet/gamble on a quantum leap in vanadium prices (if you want to cynically call it that) is to buy Bushveld as BMN is the leveraged play on vanadium. A small rise in V from $40/kgV to $45/kgV doubles gross profits for BMN whereas you make a tiny gain investing in physical vanadium. A jump from $40/kgV to $50/kgV trebles gross profits and if we're then talking a 'quantum leap' an increase from $40/kgV to $80/kgV would see BMN gross profits balloon 11X vs a very modest doubling."

Conversely a small fall in V from $40 to $35 wipes out any gross profit and threatens Bushveld's ability to continue trading.

Are you sure you're an investor?

"An investor is any person or other entity (such as a firm or mutual fund) who commits capital with the expectation of receiving financial returns."

Sammy, how's vanadium pricing looking compared to 6 months ago?