Member Info for Yachty

Zeus,
From my research a mining license for Brits is expected shortly
Obviously no processing ability there but I guess they could start digging soon and either punt the ore or process it next door if we have the ability to raise our through put. I wonder if the mined grades might be higher at Brits?
I assume, though I haven’t seen it stated categorically, that our out put is limited by processing capacity rather than the rate at which we can mine?

From the top ten shareholders as listed on Bushveld’s capital structure page as at 31st December, I assume only Acacia, Yellow Dragon and Golden Summit might be considered candidates for this assumed large worked sale order.
(Borromeo possibly also)
These guys hold between 65 and 70 million shares each.

A few questions arise......
Might one of these be our seller?
Might more than one be offloading?
If it is one of these three, and they are liquidating, we might only be half way there, subject to our running total courtesy of AlphaC.
This list only identifies the top ten but obviously there are substantial positions outwith this list which others may be aware of.

Like many of the more recent members of our club, I am not enjoying this retrace which flies in the face of our ongoing profitability and all the fundamentals that RK reminds us of daily.
If we are seeing net buys of around 400k daily and for arguments sake Golden have a further 20M to divest, will we be here for another 50 trading days?

These are questions for discussion not opinions before anyone jumps!!!

I hope sincerely it is a tad sooner than that!

SOTRR

https://www.fieldfisher.com/search?terms=Bushveld+&search=Search

I’ll give you that but according to someone at the mine he left a year past.

BBN
Apparently Mr Curror, the previous CEO left a year ago.

Kevkan
I’m led to believe that additional V might indeed come from the Brits seam extension and indeed that the granting of the mining license is also linked to the JSE listing. Said license is hoped for by or during Q2.
Personally I’d would like clarification of the JSE listing sooner but if there is some strategic advantage of one being contingent on the other so be it.
I would trust the source of this information to know the facts, I hope this is what they have shared with me.

AlfaC, may or may not be in a position to confirm. What is certain, is that we need a clear path to higher vanadium production in the short term, that relieves the ambiguity of missed and shifting targets.

Paludina
Good find, a clear and concise article, would have been a great opportunity to drop in the plan to JSE list though.
A little bit of self promotion would do no harm at BMN. DOES Ms Chika only work part time.

The mining right could be granted by Q2

I must to confess I’m missing Alfa’s daily synopsis of share trading.
I’d be disappointed to learn he has a life outside of this chat room........!!

Obviously, just kidding, I’m no fruitcake.

Hello Ophidian

My concerns regarding employee relations come from comments made in conversations with people on the ground locally, both very recently and during the strikes.
There is obviously something culturally amiss as there doesn’t seem to be much trust between workers and management.
During the strike there was a demand that Fortune attend the mine from his offices in Sandton, I don’t believe this occurred. I’m sure he is a pleasant and sensitive guy but maybe unaware of how the lower orders feel. It’s is these guys who dig the holes and process the ore.
Without a visit and first hand experience I am reluctant to be drawn into too much comment that I cannot 100% substantiate.

Ophidian
My primary source of info, albeit scant has moved to Mhlanga unfortunately.
Whatever I may glean in the meantime I will of course share. There is one thing that does concern me however, is that there appears to be a huge divide between mine management and workers, not necessarily surprising but disappointing given the supposed moves to incentivise and reward staff. Given disappointing production levels of late, I would be incensed if there was any further industrial action.

It is likely at some point over the spring I will pop down to JNB and see things for myself. Until we get a JSE listing and some local eyes trained on physical operations there are too many blanks for me.

Good news
I hope very much that your op is scheduled as soon as possible and you can get on with your life, with this hiccup receding in your wake.
Fair winds

SOTRR

I understand that a good deal of maintenance was indeed carried out during the last strike.
However, further enquiries as to production subsequent to October's congratulatory memo have yielded nought.
This is deliberate in my view, perhaps they are saving the good news to be announced shortly, as I prefer to believe.

UJ
Largo are off over 40% from their recent highs also. v miners have been marked down in line with the mineral price, irrespective of fundamentals.

RK
The plant did not shut down production over Christmas apparently. They continued to run a shift pattern but albeit at reduced throughput as I understand.
It was hinted that November’s production was good, but there has been no management confirmation of figures unlike October.

I have slight concerns that as productivity increases, the more militant of the workforce might feel entitled to bigger bonuses. Not suggesting this is unfair, but now they have have had at least two cash payouts, they may feel another is fully justified, rather than the share ownership scheme, which is oft referred to. Share ownership may indeed be more beneficial to them in the medium/long term, but I suspect that blue collar prefers cash.

https://www.latimes.com/world/europe/la-fg-germany-coal-power-20190126-story.html

Since I got back from Tokyo last week, I’m struggling to find sleep. However, Chartshite’s ramblings are at least helping a little.

I don’t believe there’s any human input into these “reports”
Rather they are computer generated to models developed by the company and as such really are of limited value, even if it does predict a share price in line with RK’s beliefs, and our hopes!

I’ve written to JSE Listings enquiring as to whether applications are public record and if so, the status of our application for “dual” list.
Any response will be advised.