Member Info for Tyfoon

Sharesahoy, the mix of fuels for leccy generation in SA is heavily skewed towards coal because:

a) It's very abundant and readily available in SA with many mines being open-cast.
b) Most of their power stations are coal fired
c) Eskom has just broken the bank building 2 new coal fired power stations at huge cost overruns
d) There's a lot of jobs attached to the coal industry

However, now that SA is free of Zuma and the Guptas, and Eskom and the Minister for Energy are no longer 'captured', the pressure to buy nuclear from the Rooskies may well be off the table which could hopefully open the door to more renewables. Eskom already know they need energy storage for all the wind and solar farms they've already got, it's just a matter of convincing the Energy Minister.

We'll find out on Monday what Santa has in his sack, but I have a hope that it's gonna be full of goodies for BE

veknak, there's nothing wrong with your slepping :-)

Thanks LUCAN, you've saved me a search. Perhaps it turned into a storm in a teacup that just wasn't worth reporting, let's hope so and that it's all done and dusted.

and I'm very disappointed to find there was no RNS this morning about the hugely significant news yesterday re Bushveld Energy being awarded a $500,000 US grant, and even more disappointed to find no reply from either BMN or BE to my email yesterday asking if they are going to issue one.

Come on Fortune, this is a 5 star PR opportunity if ever there was one (unless there's a reason why they don't want the sp to shoot up? That's pure speculation on my part tho)

Btw, don't feed the trolls, just use the Ophidian Method on them

on EWC and they appear to be telling it straight, altho obviously only time will tell.

https://www.news24.com/SouthAfrica/News/mabuzas-address-on-land-expropriation-without-compensation-receives-a-warm-welcome-from-the-agricultural-sector-20180823

Tapman, I hope this helps to reassure you further

Headancer, apologies if I came across as a bit abrupt, but everyone's tolerance to risk is individual to them. Some sell at the slightest hint of anything wrong (see yesterday) while others see those delays as normal. So what I meant was you have to make your own mind up as to your own level of risk tolerance. And the same applies to the risk factos too which is why all investors should always do their own research and keep adding to it constantly.

Headancer DYOR and MYOMU (make your own mind up)

jumping ship just before the bell, I expect a slight drop on opening tomorrow

2018-08-23 16:35:22 25.20 98,000 25.00 26.00 Sell 24,696 UT
2018-08-23 16:28:04 24.60 178,826 0.00 0.00 ? 43,991 O
2018-08-23 16:26:44 25.00 150,000 0.00 0.00 ? 37,500 O
2018-08-23 16:26:44 25.00 100,000 25.00 26.00 Sell 25,000 O
2018-08-23 16:26:27 25.40 55,852 24.50 26.00 Buy 14,186 O
2018-08-23 16:25:55 25.00 100,000 24.50 25.50 ? 25,000 O

Tapman, thanks for your input, interesting opening comment by the way.

To put the report into context, the farm was taken over in 2010 and given to "incompetent beneficiaries" who then ran it into the ground. The history of land expropriation in SA since 1994 has been a pretty dismal affair due to the incompetence and corruption of the ANC under Zuma, but Zuma is now history. It is to be hoped that Cyril is true to his word when he responded to Trump this morning:

"He emphasises that the amendment "would need to reinforce the fundamental principles of the property clause", including the prohibition on "the arbitrary deprivation of property", and outlines some instances where expropriation without compensation might be justified: "unused land, derelict buildings, purely speculative land holdings, or circumstances where occupiers have strong historical rights and title holders do not occupy or use their land, such as labour tenancy, informal settlements and abandoned inner-city buildings".

https://www.businesslive.co.za/bd/national/2018-08-23-while-trump-takes-to-twitter-ramaphosa-takes-to-ft-to-air-his-views-on-land/

If that is true then in the future there should be no more examples like the one you highlighted.

SOTRR, I remember the dismissive posts you got for your trouble but I suspect that those who were doing the posting at that time are now either banned or deleted from LSE eg Capa in his various guises

Wouldn't we all. I'm at golf early tomorrow but if you find anything please share it with us on here

LUCAN I don't think anyone is dismissing the seriousness of those recent protests but none of us has any more info to go on.

And you shouldn't confuse this latest protest with the one last year. This one was carried out by unemployed people and it was all about jobs; the one last year was done by the BLF (Black First Land First - go figure!) who were troublemaking on behalf of Zuma and Zwane who were both trying to blame 'White Monopoly Capital' (whatever that is) and the miners, many of whom have foreign owners, for the poverty in the country. Typical deflection.

Totally agree, and even more so because Ramaphosa is under huge pressure to reduce the costs of Govt and of Eskom which are massively over-staffed, and he's has recently announced that both organisations are looking at huge job cuts in the 10's of thousands.

With that hanging in the background he's going to need every good-news jobs story he can find.

Captain_Al, you could be right but another possibility is that money which is given to the community by Vametco doesn't actually get any further than the office of the people who receive it. Corruption is endemic in SA and many people in positions of power, no matter how minor, have a mindset that says they're entitled to what they can grab, and sod everyone else.

Or it could be something completely different and maybe we'll never know

Despite my best efforts I've been unable to find any follow up news items on this issue so far, so I'm not able to say for sure. All we can work from at the moment is this line from yesterdays RNS

"Bushveld Minerals is working with the local community representatives to address the community's grievances and deepen the positive relationship established when the Company took over from the previous mine owners. "

Just noticed a glaring typo

it should read 'I think the only political aspect to it was the self-proclaimed leader of the group looking to make himself look more important' and not 'I don't think...'

By the way, I took NickyP's advice earlier when he advised us that there is a new CSR (Corporate Social Responsibilities) page on the BMN website. It makes really good reading because I was quite amazed at the efforts and the money that BMN is putting into community welfare. I can only admire FM on that front.

Unfortunately I can't copy from that page to paste here but I would recommend people taking a few minutes to read about the great work that BMN are doing for the poor people in the communities around them, for the environment, and for their employees

Hi LUCAN, I posted the news article earlier but here it is again

https://weeklyxpose.co.za/2018/08/10/feature-give-us-jobs-mining-operations-shut/

Basically, they were a throng of 5000 unemployed people who were desperately in need of a job and went to 5 Brits mines demanding 1,000 jobs from each one within 48hrs. I don't think the only political aspect to it was the self-proclaimed leader of the group looking to make himself look more important

I think it is too, that's why I've just sent another email, this time to BMN asking the same thing re RNS

I've just spotted a quick message system on the BE site, currently this is what it is showing

QUICK CONTACT

We're not around right now. But you can send us an email and we'll get back to you, asap.

I wonder where they've gone? Maybe down the pub to celebrate lol