Member Info for zeusfurla

ssmith On the odd look today I didn't see BMO too active for a change. Low volumes, under 1/2 the norm. Not many buying or selling - sticking with what they have. News not far away.

Alfa Thanks for posting. Also worth noting over the 3 year period from Oct 15 to Dec 18 that HL and Halifax PI holdings have grown by a significant amount from 86m shares to 297m shares, more than trebling. This is another indication that BMN is not your typical AIM company. There are many PI's holding a significant amount of BMN shares - these are in sticky hands - which again shows high confidence in the future prospects for growth in the company.

As regular posters and readers on this board are aware we have had a big seller of BMN shares recently, possibly Acacia Resources whose holdings have fallen from 85m to 70m in the last 2 months. In order to see the PI perspective on shareholdings I compare below the changes in the top 3 companies that PI holders of BMN shares use. The presents a very positive picture. The period covered is from 12 Nov 2018 to 31 Dec 2018.

Hargreaves Lansdowne - 172.5m (Nov) to 187.6m (Dec)
Halifax 104m (Nov) to 109.8m (Dec)
Interactive Investors 101m (Nov) to 103.2m (Dec)

Overall this shows strong growth in shares held by private investors in BMN from 377.5m shares (Nov) to 400.6m (Dec), an increase in PI holdings of 23.1m shares or 6.1% over a 7 week period. This shows to me that sentiment amongst more knowledgeable private investors helped in no small part by this board and The Bushveld Perspective is very strong despite the share price having fallen slightly between those dates. Patience is the most important virtue for investors. There is an inevitability about growth in the sp for BMN which is aligned with the current significant underpricing when you look at any comparator of PE rations either in JSE or AIM markets. Ignore short-term fluctuations as our large seller passes through the system and await the gains which are surely coming.

It's been a while since I saw this posted on here so am posting again as a reminder to newer investors. This excellent presentation on energy storage was given by Fortune and Mikhail in November and sets out the prospects for energy storage, growth and market opportunities for Bushveld Minerals and Bushveld Energy. It has some excellent and insightful information on the technicalities of battery storage and why VRFB's are inevitably going to be a growth area in the next few years. Bushveld is well-placed to take advantage of this and as BBN has said amongst others this year is the big year for BE. I'd recommend all new posters read this as part of company research.

http://www.bushveldminerals.com/wp-content/uploads/2018/11/Energy-storage-101..pdf

Endion - there has been an excess of buys over sells for some time as you and I know. I think Alfa estimated around 20-25m a few days back. The terrific trading analysis means that there has to be some matching sell trades published at some point or this would again amount to market abuse. Another complaint to add to the 1st one being progressed? I would hope not. Patience required for all holders.

Alfa Thanks again for your highly informative trade analysis. It's great to read informed comments. I agree that any MM or others short-selling just now really has got their timing wrong. There are so many better targets out there! We may not be able to predict which day the SP will take off but it will based on our past knowledge of the management team and confidence in their business decisions. Good to see that TBP is still up and running well and providing useful management information for the collective good. Another strong indicator of growing interest in BMN is the increased viewing stats on TBP. There has been strong growth in PI interest in recent months and with the AIM100 badge more PI's will be researching BMN as a prospective investment.

Some shorting going on? Good buying opportunity.

pdub You know the whole board is with you and rooting for you given all you do for us. You've given me reassurance through some difficult recent times with some posters by staying so positive. All the best for the diagnosis and treatment.

http://www.polity.org.za/article/world-bank-says-eskom-simply-too-big-to-fail-2019-01-22

World Bank says that Eskom is too big to fail.

Hi schlemiel I'm in the same position. I looked at advfn before I opted for MoneyAM. I thought advfn was clunky-looking and the tech looked old-fashioned. It was also expensive. As well as LSE/DL and sharescope as helpfully suggested I am going to have a look at IG which I think also provides additional market depth info and DMA trading abillity although I haven't looked at the details or costs yet. Good luck.

It's strange after the hype of last year and many Conferences etc that we have started 2019 so quietly. I'm hoping for more regional updates before the PEA which is likely a few weeks away. I imagine that the additional drilling at Alpala may be included as part of the PEA?

ssmith In recent weeks it has been BMO Capital active most both on bid and offer. I wasn't around much today so not sure if it was different today. I'm also a bit surprised price is dipping. Just a lack of buying as far as I can see although we have these 100k and 250k blocks on the offer that have been there for quite a while now. As mentioned patience is the key. A gentle rise in copper with improved US/China sentiment would help.

Chartist2 Your post is speculative and opinion-based. I do not see any facts contained within that I can comment on.

pdub I just wanted to say thanks for your comprehensive series of factual posts today on BMN. I really appreciate it when you and others take the time to gather and collate valuable information that assists investors in deciding whether to invest in BMN. It is the purpose of this board after all. I also welcome reasoned, factual, evidence-based posts from others from whatever angle whether positive or negative. I have seen few evidence-based negative posts on BMN recently although there have been some negative posts based on opinion only. Every company has its risks and BMN is no different from any other. There are risks to investment in all shares/sectors. If any poster on this board would like to rationally and factually express any downside perspectives on BMN then I for one fully welcome this. Every board will contain investors and proponents of the share invested in but a bit of balance through informed and evidence-based debate is always a healthy thing.

Strong early buying today.

Alfa That's very encouraging stats on the trading analysis. I think we are reaping the benefits of all the work put in late last year by you and other supporters to widen the profile of BMN. It does no harm to be in AIM100 either. There are plenty of investors I suspect just waiting for a reason to buy. On yesterday 1 swallow doesn't make a Summer but 2 probably does - watching with interest.

addicknt Thanks for being persistent. This removes one of the major risks and confirms trust in the way SOLG carries out its work.

hTTps://www.spglobal.com/platts/en/market-insights/latest-news/metals/010719-copper-to-hit-7000-mt-in-2019-despite-weak-start-goldman-sachs

Thanks to zho on advfn for this update from Goldman Sachs on copper prices for 2019. Looking very positive at over $3 by the end of the year.

Knuttie Completely understandable. Wen you look at the disgraceful posts on advfn yesterday you despair for humanity. Ignoring these people is the best way to stay sane.

addicknt Good points - thanks for raising. I know how focussed on risk you are. With c70 potential concessions from memory I'd expect that there may be potential environmental issues with some of these and with the company not responding this seems more likely than not. However these concessions have minimal value in the target prices of brokers so this may not be all that material at present. It could affect sentiment negatively in the short-term though. It may also be an indication that SOLG are seeking some external interest around PEA time and don't want to be distracted by potentially negative issues. Again though any potential investor in SOLG will do their due diligence on environmental issues you would think. Current good relations with local people and the Ecuadorian Govt seem to mitigate this risk to a degree.

Part 2 - 'If I am being asked to sacrifice 14.4% of my holdings value for the peace of mind that 10,000 mtv will be achieved inside 2 years, then i am a player.
But there is something else that i really like about this move if indeed it pans out, and I repeat we are speculating here based on limited information.

Right now there are beliefs as to what the vanadium market will offer up in the next 2-3 years.A great many believe that stronger prices are here to stay for perhaps 3-4 years. Personally I seek assurances and risk aversive measures. My window for stronger prices to prevail, and by that I mean the $70 range, is 2 years at best. Not because I have solid evidence of additional supply but because I like my bets to be safe.

By delivering a path to 10,000 mtv inside the next 2 years or so, what BMN will do is demonstrate an ability to deliver the same profits it is making now at far lower prices. At 3,300 mtv and $80 per kg, BMN should deliver £95m in EBITDA, £7om in profits.

At 10,000 mtv they can do the same at under $40 per kg. Thus any fear of receding vanadium prices begins to dissipate allowing current prices to be enjoyed with reduced concerns over VRFB uptake because even limited success should help maintain that £70m or so base case profitability. In so doing the entire energy storage driven side of the business can be allowed to attack the market with added vanadium production support and still be considered a free carry to the investment case until that £70m starts gaining the respect it deserves in the valuation of the business.

That's why Chika Edeh said "we have had a number of institutional investors wanting to take a position in Bushveld but to do so we have to be listed on the JSE.”

I'll bet you have.'

We should not fear the 1 company that can take advantage of high demand for vanadium investing to generate substantial additional upside for shareholders.

Evidence-based responses are welcome. DYOR.