Member Info for Tyfoon

CG - or maybe 'exciting'? :-)

CG mostly it's the mobile site that's got the Vanishing Post Syndrome but this site has also had the occasional outbreak as well

Thanks guys, appreciated

I'm afraid my ignorance of how companies and markets work is showing itself again, so I'd be grateful if someone more knowledgeable could enlighten me.

The article below states "The agreement specifically contemplates an equity investment..." which is defined as 'the buying and holding of shares of stock on a stock market by individuals and firms in anticipation of income from dividends and capital gains', but how does that work in practice?

Does the new partner purchase shares on the open market, which would be great for all shareholders as that is likely to drive the sp higher, or does the original company issue more shares to the new partner at a cost but to the detriment of existing shareholders due to dilution?

Thanks in advance

DBush, altho the draft mining charter does define separate rules for junior miners, it doesn't actually define what a junior miner looks like, so it would currently be impossible to manipulate any aspect of BMN or its shares in order to ensure that we fit the (unknown) criteria.

We can presume that we're a junior simply because we're not one of the 'big boys' altho, if all goes to plan, we could be getting right up alongside some of them in SA in a few years time. AIMO.

It did this yesterday as well. There used to be an approx 30 min delay to sp price updates for non-members but yesterday it was more like 3 hours. I'm sure it'll correct itself by the end of the day.

As a former IT test analyst it always surprises and dismays me at how many Sev. 2 and 3 bugs are allowed to be released with each update. It's probably down to impossibly tight deadlines caused by even tighter budgets, but it's really not good enough IMO.

I presume that's what you did then Capa?

It sounds like a great way to add lots more shares at no cost and all you have to do is to accurately call the top and the bottom of the market. I mean, how difficult could that be? Lol

I presume that's what you did then Capa?

From the following RNS:

Lemur Concludes Concession Agreement
Tue, 22nd May 2018 09:39

"The Project remains on track to complete a Full Technical and Financial Feasibility Study for the Power Plant and Transmission Line at the end of June 2018.... (and conclude its Social Environmental Impact Assessment ("SEIA") application by the end of 2018)." *My parentheses

So we should hear soon about the BFS which is due to complete by the end of this week, and get some accurate figures on the potential monetary values of the Imaloto project. Can't wait! :-)

Ok, so we're down 1.09% today which, for anyone paying attention over the last few weeks, shows that we're still trading well inside our normal daily market range. Now compare that to the FTSE100 which, after the biggest fall in a year, is down 2.24% today on Trumps Trade Wars latest news. That alone tells me that we're invested in a solid investment here, known to the world at large as Bushveld Minerals. Looking good for the immediate future IMO

and now you don't.

Has anybody else noticed that posts have a habit of disappearing from the BB (following the calamity last Friday), and also seeing posts that appear on the mobile site but not on here, and vice versa?

And I could have sworn that the post from Zitty now showing as posted at 16.27 was actually first posted around 13.30 today. Confusing, or what?!

Sort it out please LSE, and while you're at it could you also fix the problem on Watchlist which no longer show the number of posts for each company for the day. Thank you.

We won't know for sure until the final version is delivered, but we're a junior miner which gives us options that the big boys don't have, plus Vametco is already 26% BEE compliant and Mokopane is 36% BEE compliant so that's all very reassuring. There's bound to be some changes needed but, at the moment, they don't appear to be too troublesome for us.

It does sound like there's still a bit of a gap between the interested parties; what we need now is for Gwede to get everyone back around the table and do what Cyril asked him to do in the first place, and that is to create a Mining Charter that will transform SA's declining mining industry into a 'sunrise' industry.

A poor first attempt IMO

https://www.businessnews.com.au/article/Giant-King-River-vanadium-project-becomes-mammoth

For some reason I'm unable to copy and paste but suffice to say that they're talking about doubling the operation proposed in 2012 which envisaged the production of 12,400 tonnes of V2O5pa.

That's a massive 24,800 tonnes of V2O5 each year...

The trouble is, 6 years have passed and they're still at the talking about doing something stage, so I don't think they'll be troubling our V2O5 market for quite a few years to come. :-)

https://www.fin24.com/Companies/Mining/gwedes-charter-gets-the-thumbs-down-20180624-2

"While it abandons many radical parts of the charter of Mantashe’s predecessor, Mosebenzi Zwane, it still contradicts a far-reaching declaratory order from the high court in April, according to Tebello Chabane, senior executive for public affairs and transformation at the Minerals Council (formerly the Chamber of Mines).

The controversial April judgment challenged the legal foundation of the whole charter system, and endorsed the mining industry’s insistence on a “once empowered, always empowered” principle.

Even though the new charter now includes a “once-empowered” system, Chabane is unimpressed.

“The court made a decision. It is neither here nor there that the department of mineral resources (DMR) has put it in the charter,” he said."

"The new charter proposes a black ownership target of 30% as a precondition for all new mining rights. More importantly, it demands that existing mines also top up from the old target of 26% to 30% in five years.

The 4 percentage point “top up” the new charter expects of all existing mining right holders is impermissible, said Chabane.

“The court said that once you give a mining right, that is it. The increased target is contrary to the judgment.”

Armed with the judgment, the council has backtracked on an offer it made Zwane last year to accept a 29% target for existing mines if the once-empowered principle was included in the charter. This was secret, but Zwane put his correspondence with the mines into the court record.

“It is true that before the judgment we were looking at options like that,” said Chabane.

Mantashe has already filed for leave to appeal the April judgment the council is using to attack the new charter. "

OK, thanks Alfa

Hi Alfa, for some reason I can't login to TBP, I get 'wrong login/ password' on the login page and 'Reset password: invalid username or email' on the reset p/w page. Any help would be appreciated

Hey look, they've fixed the sp issue!

I see the new message alert has disappeared as well. Annoying...

Here you go marty

https://twitter.com/LondonSouthEast/status/1010054030406668289

https://twitter.com/LondonSouthEast/status/1010077956318875649

Cambridge House International Inc. Published on May 25, 2018 Is China’s new silk road the biggest infrastructure project in history? Watch as Jay Roberge (Tehama Ventures Inc.) outlines what the One Belt One Road Initiative means for investors. https://www.youtube.com/watch?v=tH5jxCif8BE For those who haven't heard of this before and who are invested in - or are contemplating becoming invested in - Bushveld Minerals, the potential demand unveiled here for steel and hence vanadium will blow your socks off! :-)