Member Info for TrevorBrooking

The isuue is Pdub, that the market will generally only react to known facts, not forecasts. The known facts at present are that the business is loss making and until results are published demonstrating profitability, that is what the market will base the share price on. Yes, this could be a good time to buy, however, this could just be another stop on the great downward journey. Anything could go wrong from here, vanadium pricing, exchange rates, new CEO doesn't work out etc

A slight correction for you Pdub:

Fortune Mojapelo took this company from being yet another wannabe AIM junior mining explorer to becoming an established Vanadium miner and processor owning two of just four primary production plants that loses money hand over fist on a consistent basis.

Superzero, how much business have Bushveld won out of all those local contracts you mention?

"You should be happy about that as a shareholder. I certainly am." - I would have thought that the majority of shareholders won't be happy until the price starts turning blue instead of red, but each to their own.

Sorry Pdub, can tell you're not an accountant, just because the 87mtv was already produced, that doesn't mean there's no cost of sale to put through the P&L in respect of it, basic accountancy!

Brasi, a quick and dirty P&L for Q1 then:

revenue approx 1000t @ $40 = $40m

cost of sales @ $34 = $34m

overheads/financing costs approx $12m

net loss $6M?

Pdub, my point is that margins are too thin to support the business model unless there is a significant upturn in pricing. Other miners have sufficient reserves to see them through the dark days, Bushveld doesn't and would have to resort to further financing in the event of depressed pricing.

As for electrolyte, no contracts have been agreed yet so you can't assume higher margins as no one knows what they will be.

Problem with forecasts Pdub is that they are just that, a guess at the future. The margins that Bushveld work on are too narrow to allow for any unfavourable events, eg fall in vanadium pricing, exchange rate movements etc. Yes, when they go in the right direction profits are made, but when they go in the wrong direction, losses are made as we have seen over the last couple of years.

Vanadium prices and exchange rates are outside of Bushveld's control and the markets don't like that, that's why the company is valued so lowly. Yes, there will be spikes in the share price as previously seen, but long term, if they can't weather the fluctuations in pricing and exchange rates with sufficient margins then the share price will fall back.

Just my opinion, DYOR

Lets just wait and see the results, I think you might be climbing down from your high horses. But you've all been doing that anyway over the last couple of years anyway as the price sinks further and further.

Can't believe the ostriches with the heads in the sand here! Harchris is lauded when he states that because of the $ ZAR movement there will be cash savings on costs, but when facts like inflation and soaring energy prices are mentioned that will eat into those savings, that person is a troll! Unbelievable that this board continues to ignore facts.

Hardly trolling Pdub when I'm posting facts, or are you disputing them? Just because they don't fit your story doesn't mean they're not valid and people should be aware of them.

Inflation rate is at 7% and electricity costs rose by 19% in April so you might not see all the cost savings you are expecting.

Inflation rate is at 7% and electricity costs rose by 19% in April so you might not see all the cost savings you are expecting.

So you had an asset worth 48p, that asset is now worth 3.5p, you lost money. Fact! Try telling your bank manager or anyone else with half a brain otherwise.

Thought you'd filtered me Pbub, who's the liar?

You really should come with a public wealth warning. I'm sorry that you've lost so much since the peak, but perhaps you should have listened to people like me at the time, but hey ho, you did your research!

Whatever happened to freedom of speech? Yes, I lost money on this share, 5p on the bulk of my holding to be exact, not a major problem for me. I hope your investment works out, but take a very large pinch of salt with the advice on this board. 2023 looks very much like yet another year of losses for Bushveld, you do the maths.

Just because I sold out doesn't mean I don't maintain an interest, is that ok with you?

Just trying to instil a general realisation that this is not the best thing since sliced bread as someone keeps trying to tell you. Too many people have been suckered into this one, but DYOR

Lamps, maybe should try a different market; still, you could bring your average down a bit more:

Lamps56 Premium Member

Posted in: BMN

Posts: 392

Price: 15.75

No Opinion

RE: Impossible to buy29 Mar 2021 11:35

Just bought @ 16.0 no problem. It’s open season folks and ideal for bringing your average down.

Quoting Pdub - "What no one can predict with certainty is the volatile Vanadium price but the demand side looks strong given what we know."

And therein lies the problem, markets don't like volatility. Based on factors outside Bushveld's control, they can swing from loss to profit and back again, as has been seen before. This is not an attribute investors are looking for. Hence no big institutional investors are willing to take the risk on this.

I'm guessing all the the happy clappy rampers are drowning their sorrows in the beer garden