Member Info for zeusfurla

Hawk

That's what I heard too but he would say that whether he was going to production or not wouldn't he? He'd be around 67 by the time the mine really started producing - does he really want a few years of slog by converting an exploration company into a development one? I'd say about a 1% chance of that. The early MRE2 imho is to tee up an early bid. PEA may well arrive before Xmas - he said Q1 but I wouldn't read too much into that. Early/mid Jan perhaps depending on discussions with 3rd parties on funding etc.

Back of the envelope calculations for gv and others to refine -
MRE1 - 54km drilled - 7.4Mt at 0.3% Cu Eq
MRE2 - 133.6km drilled - 15.4Mt at 0.2% Cu Eq (or 14.4Mt at 0.3% Cu Eq)
Drilling to the end of 2018 - 180km in total ie another 46km.

If you take the same rate that applies between MRE1 and MRE2 you get an extra 4.0Mt Cu Eq, which then gives you 19.4Mt ie 25% more than in MRE2 and given 3 week turnaround in assays and a couple of weeks to update (let's call it MRE3) this could be announced in early Feb, just after PEA. Wouldn't that set the cat amongst the pigeons and fire up more interest? All imho and I've ignored high grade, non-Cascabel and 2019 drilling etc to keep it simple. This looks very positive to me.

RR Agree. Can't see anything close to £1 being acceptable. More than double I'd have thought given the scale of prospects across Ecuador and dearth of similar size prospects world wide for the 2020's. Remember also the likely growth in copper demand over the next decade.

Did you see the smile on NM's face at the start of the interview. I think there is something brewing and I don't really care what the current SP is - an opportunity to top up which I'll be taking. I feel the buzz returning! All imho of course and trying not to get too carried away.

Thanks Ned too.

Swansea I agree. A quick look across the board sees a lot of red. Some may be selling because they need the funds eg for margin calls or just to reduce risk. None of this changes the fundamental value which many posters today have already re-iterated is irresistible. I am holding on - there are always short-term fluctuations.

I see the 216k buy is now through from our earlier poster at 9.22 - showing as a sell! How deceitful as usual from MM's!

Clark Same for me at 43.5p and was forced to pay the outrageously cheap 43.9/44p for a c34k top up I hadn't planned until SP dropped to silly levels today.

Time to go for a walk. 1p SP drop in last few minutes based on no sells! Madness is only temporary. Don't be fooled by MM antics.

Larky Agree a tree shake. More buys than sells - will start to rise shortly.

Sanchez good call - thanks.

Hi nobby Looks like it is down to sells. Worth remembering that there is some really positive news flow coming this month and next on Bushveld Energy and other info as posted on here. No need to panic!

Just saw this.

L2 looking similar to close yesterday at present but who knows at 8.05am?

Great that this has wrong-footed us PI's with early release and high-grade looking very good too. 0.2% cut-off may be justified in block cave terms but like for like is short of 2x. However, this doesn't matter in terms of getting the info out quick to market and enticing prospective bidders - still coming imho over the next 2/3 months. Not sure SP will jump today but who knows? It's way too low at present and will jump up in the next month or 2.

Thanks to pob69 on ADVFN for this short clip from NM with DGR hat on. Interesting brief comments on BHP acquisition of Guyana stake - only took 4 days - and then placement. According to NM business was done quickly and efficiently. A good sign for future business yet to come imho.

hTTps://www.youtube.com/watch?v=5WfKjwC8QRQ+

SG Great information in your post. I'm sure BE will be well-informed on other VRFB developments but good to see one in operation and working to plan.

Hi all Added my comments to the foot of the IC article yesterday - all very positive of course! MY experience as a reader over the years would indiciate that there will definitely be new interest in BMN from this article even if the whole story is not told. IC has given me a few good pointers in the past (as well as some big losers unfortunately!) - but BMN is a big good news story as we all know!

Another option is to open a spread betting account without any leverage if you want to keep it safe. No tax liability if there are gains and you can withdraw as required. IG, spreadex and others offer accounts. May be another alternative worth exploring imho.

BA Just to say that if Brexit happens some commentators are suggesting $1.45 or so to the £1. I keep well clear of currency fluctuations but having had the odd involvement in politics in years gone by I'd say there is more chance of a deal than not no matter how it looks to the outsider like me and the £ may well go the other way - all imho.

S4 Agree on your point on concessions surrounding Cascabel - another positive. The market is tough just now and even more short-term than usual. I think jerry said it a while back (I'm about to do this) - sometimes taking your dog for a walk is the best thing you can do! At least you know the reaction you'll get from your dog.

Interesting that today some big sells are not being delayed and are showing. Is this a sign of desperation amongst MM's? Are they nearly at the bottom of their barrel of available shares? Heading for a positive day.

RR1 The brokers including Hannam have set target prices well above where we are now. We are undervalued imho but short-termism is taking hold in the current market where margin calls and shortages of funds are dictating the behaviour of some investors. I still recall the appointment of Hannam and NM's track record in returning shareholder value. Maybe NM is playing such a good game here that some of us are beginning to doubt. Great poker player!