Member Info for Tyfoon

Nice one kevkan, I particularly like these 2 bits:

"With falling output of vanadium in China, the world’s largest producer, there was interest from buyers in the country to fund the Mokopane project, Mojapelo said. But the focus remained on Vametco where for $100m, just one third the cost of building a new Mokopane project, output could be doubled to 10,000 tonnes a year, a decision the board had yet to make, he said."

10,000 tonnes from Vamentco, altho it's unclear whether that's Nitrovan or V2O5 or both. Lovely!

and

"The Eskom battery project, using US technology and which is expected to be commissioned in August 2018, was just one area Bushveld was investing in, with a second $10m investment along with the Industrial Development Corporation in the production of vanadium electrolytes from 2019 for other battery makers to use. The electrolytes business would comprise factories in Brits and East London and they would eventually make batteries locally, using more than 80% of local content."

And we can expect an RNS in Aug/Sept to tell us that the VRFB at Eskom has been commissioned. :-)

Certainly someone was selling in chunks of 50k, 100k, 200k over the last few days, let's hope it was Wogen and that they're finished, or nearly finished. Then we can continue with this re-rate and move towards true value, and not before time.

Who'd have thought that 25p would prove to be such a tough nut to crack. Someone earlier mention 'Round Number Resistance', looks like it's in play here but once it goes, then it's 30p here we come :-)

Real spread 24.65/ 24.30

Don't the MMs just lurve dropping the price despite buys exceeding sells...

Lots of interest this morning, possibly due to yesterday interview with John Meyer? Who knows, but it's a curious coincidence

and a buy at 24.19 but they've left the ask at 24p? Could be in for some games today...

Yes, kevkan I suspect Mantashe has produced a Charter that upsets everyone and pleases no-one. Next likely step, as far as the Minerals Council SA are concerned, appears to be to challenge it in court again. There's a review meeting of all interested parties on 7th and 8th of this month for comments so we'll see how things go after that.

Another push at 24p, now 23.9/ 23.51 on HL

Come on, you can do it! :-)

That's the 2nd time they've done that this pm, cheeky little MMs don't want us to know if a trade is a buy or sell and that way they can manipulate the sp any way they want.

I tell you, once BMN has made me a multi-millionaire, I'm out of AIM forever! :-)

https://www.bbc.com/news/business-44695262

"Shares in mining giant Glencore have sunk 12% after it was ordered by US authorities to hand over documents relating to a money laundering probe.

The subpoena from the US Department of Justice is in relation to compliance with the Foreign Corrupt Practices Act and money-laundering laws.

It is regarding business dealings in Nigeria, Democratic Republic of Congo and Venezuela from 2007 onwards.

Glencore confirmed it had received the subpoena, which it is now reviewing.

A subpoena is a court order which compels an organisation or person to produce physical evidence, or face punishment.

"The market has reacted significantly," said investment bank Credit Suisse. "At this stage we would stress that this is a simple request for documents, rather than an announcement of a formal investigation.

"From our perspective, while it is clearly a risk factor, we stress that these types of requests are more common than perhaps the aggressive drop in the Glencore share price suggests."

Glencore mines and trades commodities and is one of the biggest firms in the industry.

In May, the company said it expected its full-year results to be between $2.2bn (£1.67bn) and $3.2bn after its first-quarter production had been in line with forecasts.

However, earlier this decade it, along with the rest of the mining industry, had a tough time.

In September 2015, its shares dived after a note from analysts at Investec said its equity value could be "eliminated", although Glencore responded that it was "operationally and financially robust".

When it listed on the London market in 2011, its shares were priced at 530p, but they are currently trading at 307p."

Thanks for your reply stingystim, I'm still getting the 500 error but we have been having internet issues in our area for the last couple of days so it could be linked to that I suppose Anyway, onwards and upwards!

I'm getting a 500 - internal server error on the main LSE site, is anyone else seeing the same?

Thank you Ophidian, my own projections show an sp in the region of £10 by 2025 at the latest. That's a mere 7 years away but, as others have mentioned, a takeover is always possible somewhere down the line. Personally I hope that FM holds out until we really achieve critical mass and then, takeover or not, real value may be coming our way

Another door opens for Bushveld Energy as SA intends to sign the African Free Trade agreement today:

https://www.fin24.com/Economy/sa-to-sign-african-free-trade-agreement-davies-20180701

"South Africa on Sunday will sign the African Continental Free Trade Area (AfCTFA) agreement, Trade and Industry Minister Rob Davies confirmed.

In a video put out by the Department of Trade and Industry (DTI) on Twitter, Davies explained that the country is behind the free trade plan.

Previously in March, President Cyril Ramaphosa signed the Kigali protocol indicating South Africa’s commitment to sign the trade agreement. South Africa did not join 44 other African countries in signing the agreement, as there were still some areas which required clarity, Davies explained at a press briefing later that month.

At the time Davies explained that the document, which is 250 pages long, required legal scrubbing in terms of South Africa’s constitutional and internal processes.

In the video published on Sunday, Davies reiterated this reasoning saying that the Constitution and legal system requires “any international agreement to be vetted” by law advisors.

“That work has been done. Now that all the necessary paperwork and consultations back home have been done. We will be signing today,” said Davies.

The government will also be signing two annexures on trading goods and services in the continent."

Yeah, that's bit of a short timescale, altho this is AIM and anything is possible. Good luck mate cos if you win we all win :-)

knuttie, further to Ophidians earlier post, can you let us know what date you picked for the 30p party?

And here comes the 100k seller again...

https://www.bbc.com/news/technology-44642137

"Elon Musk accused of stealing farting unicorn image"

Whatever next! :-)

How true Alfa, plus the start-up costs for mining the higher grade ore at Brits can be provided from the Vametco profits in the same way that the drilling at Brits earlier this year was paid for, presumably.

We've got a licence to print money! :-)

"The Company's approach to project development recognises that, whilst attractive project economics are imperative, they are insufficient to secure capital to bring them to account. A clear path to production within a visible timeframe, low capital expenditure requirements and scalability are important factors in ensuring a positive return on investment. This philosophy is core to the Company's strategy in developing projects."

Looks like BMN have found that borrowing money for capex hasn't been easy, despite the quality of our assets. Fortunately (pun intended), BMN can increase Nitrovan production to provide funding for whatever project(s) is/are next in line.

Like Mokopane, perhaps?

What a great company! :-)