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https://www.engineeringnews.co.za/article/anc-says-ten-sectors-to-be-prioritised-under-re-imagined-industrial-strategy-2019-06-04

Positive focus on renewables from the ANC will benefit Bushveld over the next few years.

There's not a huge amount of stock available at current sp so wouldn't take much to push this back up. MM's will likely have sold at the lower sp they were looking for earlier and with Vanadium prices bottoming out we are close to a sweet spot for buying which won't last much longer. All IMHO.

POO has an impact on oil stocks, it's irrational to say otherwise. We are in a waiting period between news so a lull in to be expected. I would expect a gradual increase in volume and sp (subject to POO) by the end of June. I am comfortable holding. Others may hole for a drop in sp before buying - we all make that choice on timing, some you get right and some you don't but the risk is clearly to the upside with TXP.

MM's have left the office juniors in charge with strict instructions not to move from this range.

Today's trading is providing additional evidence not only of shorting activity but on how this is being facilitated. Useful tracking of specific marker maker activity such as Berenberg is providing some helpful insights into the movements of the sp today. That is little consolation to all of us LTH's. We have now seen a net 300k+ additional buys whilst the offer appears to be stuck at 23.5p. Maybe this will help close out a few shorts?

pdub Many thanks for posting this - very helpful and gives an insight into where V prices are going shortly. There is no doubt in my mind that there may be more at play here than just institutional shorters - this is likely organised on a larger scale and we are just seeing the tip of the iceberg. If you look at who stands to benefit from reduced V prices, you can draw your own conclusions. However, no one company can control V prices for more than a few months. The demand is out there and I also have no doubt that BMN is grossly undervalued even at current V prices. We are being shorted big time. However, shorts reverse and often quickly. If you have the funds and patience to wait, within a few months returns on investing in BMN at today's prices will be hard to be beat by any other company. I intend to buy more as funds allow. DYOR of course.

Balance is a good thing in all areas of life. For the avoidance of doubt it does not mean giving equal weight to both sides of an argument as you suggest but the ability to express views freely and fairly without being shot down. I remain a LTH and will continue to argue in favour of freely expressed views. On balance, BMN has significantly more upside than downside and remains an excellent investment.

Having said that I have just reported strider yet again today for total lack of 'balance'. I expect him to report this post as that is his style. He oppresses free speech.

cindercone Thanks for your more measured post. It is always a problem on BB's where most are holders and post positive news. Otherwise contributors wouldn't hold the share in the first place. We do need balance though and this BB has been an excellent source of information over recent months for many including myself. It is one of the main reasons along with The Bushveld Perspective why I invested here. There are many excellent and informed posters and a few too who challenge the majority view. As long as views are expressed cordially there is no reason why we can't all continue to benefit from each other's knowledge. If there is a fall-out amongst posters it harms all shareholders as we will not attract new PI's. We don't want to turn out like advfn for BMN which is a joke.

I appreciate the efforts of admin to keep the BB well-managed and hope there is a degree of tolerance to posters. It is a tough job but we have been losing too many posts recently and that is not in PI's interests or in the interests of LSE.

squirty I noticed earlier that the bid was above the offer a few hours ago. There is a clear indication that as well as a tame seller (who seems to have gone quiet for now) we also have a determined buyer. The 2 seem to be holding each other in check as the MM's do not all want the sp to go in the one direction. I'm keeping a close watch on this and will feed back on anything else of interest.

onefcc I agree - very big news. What this also does to BMN is push the company much further down the road of being a vertically integrated vanadium operator. The market price of vanadium has been de-risked to a considerable degree. This news gives BMN the opportunity to deploy its vanadium resources in the way that best maximises prospects and profits for the company. Given recent repeated news on how disastrous the current Eskom position is, there is no doubt that companies as well as individuals will be turning away from Eskom and BMN is in a great position to lead in this area in SA and possibly beyond once they are established. I can imagine that all the hard work Mikhail has put in behind the scenes is coming to fruition. And the IRP is imminent. These are huge boosts to the BE side of the operation and also in the diversification of risk for BMN as a whole. We just need to let this story play out as Fortune said at the start of 2019 - this is going to be a transformational year. In particular the listing on JSE looks very well timed. The work done in June/July will likely lead to uprated guidance for H2 which will put new investors on JSE in a great position. We just need to wait and savour the success that is likely coming BMN's way.

It looks like the plant had a decent amount of downtime to implement some improvements which reduced Jan/Feb production but will increase production for the rest of the year - strong planning for the future.

Some figures for 2019. Here is how the company is projecting forward. Initial work in Q1 to start transformation programme - more to come. Chief Transformation Officer appointed - so there is a clear focus and responsibility for performance improvement. Q1 production - 649mtV is in line with expectations but has been affected by the transformation work carried out which will have required some downtime. March production now 270mtV. This equates to approx 3100mtV revised annual production assuming 2-3 weeks normal maintenance shutdown - a big step up from last year of c20%.

2019 production = 649mtV + 270mtV for 8 months (allows 1 month for maintenance including July shutdown) = 2809mtV. Excellent news in that Bbushveld has now banked the increase to 270mtV per month with more improvements to come. On top of that Q1 product has been partly stockpiled due to the artifically low vanadium price in recent weeks. Watch out for that Glencore criminal investigation. Sound management.

Perhaps the background buyer has joined our tame seller (working with different MM's) and that may explain sp relative lack of direction in the last day or 2?

1750 I have had a look at all today's trades again and I take back my initial comment - you are right. The early drop in sp was induced by MM's and the the 250k has lifted the bid/offer so I agree with you. I use RSP on IG to track the real bid/offer position rather than L2 which can be quite misleading. Buys then exceed sells for today with a reduction in sp. That bodes well for the rest of the week.

Daisan I was tracking RSP at the time and 2 MM's moved up to 28p on the bid presumably for some reason not yet published. One day I hope we will have a market that is transparent for all and not just a few MM's.

Low volume likely the cause - most are sitting on the sidelines awaiting China/US news.

Given other trades today and the reduction in sp the 250k looks to me like a delayed sell. Overall however the sp has held up well and should stabilise for the rest of the week.

sundayroast Downside risk is very low with upside potential significant. As usual, we need to be patient but I would expect a gradual rise in sp in the lead up to spud. I've been building a decent position since 12p having previously bought at 21p (bad timing, right investment!) and lost a bit. It looks all 1 way now.

Overall loss of production equates to approx 1 week of full production lost ie 2% of 1 year or less than 1% of the forward value of the company. Market has over-reacted and I have unexpectedly had the opportunity to top-up. Looking forward to more detail in tomorrow's presentation. Cash flow being managed to ensure Ortoire drills can be funded comfortably. Slight decline in production levels to be expected and I'd rather the focus on Ortoire than smaller wells.

The reasons for the drop I think with Cu down and inventories up. Still a great asset at Asiamet but can we get the finance in the next month or so? I hope so as I have a decent holding and have had since 10p then 3p and up.