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Bushveld Minerals* (BMN LN) 3.1p, Mkt Cap £39m – V shaped recovery
BUY – 15.8p
Valuation: We value portfolio of upstream and downstream assets at ~$280m equivalent to 15.8p target price and reiterating BUY recommendation. Valuation is predominantly driven by upstream business unit that in turn is strongly leveraged to vanadium prices and USDZAR exchange rate, exacerbated by strong cost inflation in the sector. Near term rerating catalysts are vanadium price and FX changes, operations performance and debt refinancing.
This will probably be available on the BMN website as is typially the case
TTP
Despite SARB hiking rates
All helps BMN
TTP
ZAR almost down to 192 all helping
TTP
Next stop the 19.00 level it hit in 2020
All helps with the local costs
TTP
5.45 pence paid now,premium buys,something is happening!!?
Or is this just a long awaiting rerating?
TTP
Overhang cleared potentially
Rippy mode 5.3pence paid
TTP
The MASKED CHARTIST (@BANGONtrader) tweeted at 0:53 pm on Sat, Mar 04, 2023:
#BMN expecting a BIG Move here at confluence UP preferred #trading #pennystocks https://t.co/WEDpAjcIAj
(https://twitter.com/BANGONtrader/status/1632001209237221376?t=DOtEnE8eXr_08fzMOMfFZw&s=02)
Here's to a good week
TTP
Rand versus Dollar touched 18.5 this morning, just below that level for now
TTP
most curious could this be held due to working a buy order,or is that what is always said?
not possible to buy anything maybe unless one pays a premium like the large buyer of 300,000 did a couple of hours ago that paid 5.3pence
seems it wont take much to move it up
TTP
back to flat on the day and there isnt any stock there at 5.2pence
can we end blue?
TTP
Exactly
This is most likely a dip to add or buy into
It will be impressive if the price ends up on the day,need to keep the glass half full
It did feel like they accidentally gave some info away with that tweet yesterday,hence the rapid deletion
TTP
1.1million shares as volume continunes to awaken
Feels like we are truly on the cusp of a big move
TTP
Another 840,000 in the 2pm auction,this time at a higher price 5.32pence
8m traded now on the day, on track for the biggest daily volume for 6 months and thats with no news out!
TTP
large 1,060,000 uncrossing trade in the 11am auction,could mean the end of seller(s)
Price at 3 month high today with 6pence area within sight,could really see things start to finally move up and out of this basing range
As a reminder,a year ago the price was about 10pence,what has changed since then?
For me if 6pence breaks,then 8.5pence the next target
TTP
TTP
Getting harder to buy stock
GLA
TTP
Good news and lovely to see some interest
Looking like there will be a largish auction trade at 2pm,over 300,000
TTP
ia FOMO arriving?
TTP
GLA
TTP
Anything going or,just another bounce off support
Guess it could rebound back over 5pence
TTP
frustrating to see the constant tennis match up and down around 5pence
Well bid today,lighter offer,guess it could quickly move over 5.5pence if we do finally break out of these doldrums
all 'bad' news well factored in the price here,imagine if we got some material good news?
Belated new year wishes to all
TTP