Elviron1
22 Apr 2017
Re: EasyBrent and Elviron1 Crest, I've just noticed your comment from a while back.I was not and still am not shorting BMN, let alone being a professional.It is a fact that there were/are (probably calmed down a bit now) people ramping BMN on LSE. To say someone, who points out the obvious, is shorting is quite a leap - but you managed it.You said I've pointed out only the potential negatives without regard to the positives. To that I would say, hold up a mirror to you and your fellows on LSE: where the polar opposite is the case with only the positives discussed and any negatives lightly brushed over, if mentioned at all...I've stated my case and I'm not interested in having a long, drawn-out, boring argument about it.
cresta64
21 Apr 2017
40 Days to go! until we see BMN's new finance deal arranged as a result of them being a profitable producer of Vanadium product. To quote analyst John Meyer from his Vox markets podcast interview on 20th April."They have done what is one of the cleverest deals I have ever seen in my career, probably the cleverest. They've just acquired a vanadium producing business in South Africa which is throwing off very large amounts of cash and having signed that deal some months ago with a Russian group called Evraz, who for various reasons decided to leave South Africa completely, having signed that when the vanadium price was low, now that the vanadium price has virtually doubled, they have .. er ..constructed a deal where they are buying the business using the cash flows that the business has created over the last few months since the deal was signed. So it is an astonishingly smart deal."Exciting, and profitable times ahead, IMO.
cresta64
15 Apr 2017
45 Days to Go until we see BMN's new finance deal arranged as a result of them being a profitable producer of Vanadium product. They will either have 1) Sold on their $12m stockpile of Vanadium or 2) Completed the 2016 Vametco accounts demonstrating profit increases in line with the Vanadium price increase and used that and/or forecasts of 2017 profitability to arrange a loan or 3) Received IDC funding. BMN have already stressed via RNS that an equity issue is not required so I think we can ignore that.Exciting, and profitable times ahead, IMO.
quink ink
12 Apr 2017
Re: 49 days to go Fortune
quink ink
12 Apr 2017
Re: 49 days to go EasyJust spoken with Forune. Chill
EasyBrent
12 Apr 2017
Re: 49 days to go Well written post cresta64, but the stock will be going down until they have found a way to refinance the bridge loan.
cresta64
11 Apr 2017
Re: 49 days to go Presumably you still have a short open on BMN as you still haven't acknowledged any of the positives, and with the one exception of the SA credit rating have just posted a sequence of unsubstantiated ifs and buts.1. As as been indicated several times on several forums Evraz wanted to pull out of SA. Vametco was very small fry to them, was making profit, but not a large one due to the suppressed Vanadium price, and their Vanadium resource was getting more expensive to extract, a situation that was not helped by BMN acquiring the nearby Brits resource which is a cheaper resource to extract from.2. soljitz were probably equally aware that BMN acquiring Brits would result in production costs going up if they or Evraz owned Vametco. BMN taking control has opened access to less costly raw materials, extending the long term life of the mine. The fact that soljitz has retained their share of ownership indicates that they have confidence in BMN, otherwise they would have taken the opportunity to sell out.3. Strikes - do you have any eveidence of strikes at Vametco? Given that BVL have SA board, have increased the BEE ownership, and have indicated that they will make sure the local community benefits from the mine that employs most of them - I suspect the miners will be less inclined to strike whilst working for BVL than what they did under the Russian owned Evraz.4. Power - BMN could, using IDC funding, and UI technology, produce a VRFB demonstrator at Vametco which would help the power situation.5. Political Stability shouldn't make much difference at the Vametco end of things. BVL ticks a lot of boxes - SA managed, BEE compliant, jobs for locals, benefication.
quink ink
11 Apr 2017
Re: 49 days to go EasyBrentPower cuts ha ha ha. They also part own renewables Company Bushveld Energy.Ha ha ha your lost matey. Are you sure you are on the right BB?
asilad
11 Apr 2017
Re: 49 days to go Yep, a good dose of nationalisation really would put the they kybers up the pass!
EasyBrent
11 Apr 2017
Re: 49 days to go As always on AIM everything is rosy and great until sh.t hits the fan. If you think the Vametco deal is such a great deal why do you Evraz sold it in the first place? Secondly, why do you Sojitz didn't use its pre-emptive right and acquired Vamecto last month for the same price if its such a good deal? Sojitz clearly didn't lack the financial capability to acquire it.Global mining companies have been dumping South African assets and especially the marginal ones like Vametco over the past year as South Africa is turning into a very difficult country to operate in: 1) Very frequent strikes in the mining industry, 2) Power shortages, 3) Significant cost inflation, partly related to the first two points,4) The Government is falling apart, 4) South Africa has over the past week been downgraded to junk by the three largest rating agencies
quink ink
11 Apr 2017
Re: 49 days to go EasyBrent You have no idea my friend. Whats your collateral damage to date matey? Hope its not hurting to much. Shorters/knockers/unable to understand BMN and non LTH investors like you reminds me of playing chess with pigeons. They knock over all the pieces, s..t all over the board, in this case the BB, and strut around as if they have won the game.....Study what is written below and tell me what your problem is........I repeat study what is written below and tell me what your problem is.....the bridging loan.....oh we have $12m in stock.....oh we have a processing facility......oh...... yawn see below. Vanadium. Processing facilities acquired. $12m in stock!!!!!!!!!!!!!!. Currently 2,850 tonnes of production. Quickly rising to 3,500 tonnes of production. Cash generation from last week!!!!!!!!!!!Vanadium price rising. Supply shortage of vanadium. World's largest, low cost resource!!!!!!!! Mokopane at PFS stage. Brits vanadium, low cost. Tin. VBKom MOUUis acquisition. Uis financed by Erongo for the first A$2m. Early cash generation -2017. Low cost production. Possible spin off as separate company. Coal. 136 tonnes JORC. MOU with Sinohydro. BFS costs covered by partner. Possible spin off as separate company. Bushveld Energy - plenty of news due!UET MOU. IDC agreement. Demonstration batteries to be installed. Two recent studies to be announced. Stated aim 'BE will become one of the largest electricity storage providers in Africa by 2020'.Iron ore - 939MtPhosphate - 442Mt. Titanium - very high grade. Lithium - potential of a stand alone platform!Thousands of shareholders invested in BMN are so relaxed about our future. Chill matey. I am enjoying this!!Transformational time in the Company's history is certainly not a time to be short!
cresta64
11 Apr 2017
Re: 49 days to go Given that BVL inherited $12m of stock with Vametco purchase finance should not be a problem. As already stated by Fortune, no dilution necessary.
EasyBrent
11 Apr 2017
49 days to go Bushveld will need to refinance its bridge loan of $11m in 49 days. The bridge loan is costing 26% in annualized interest rates and fees, which might give an indication how difficult it is for Bushveld to get traditional debt financing.
cresta64
08 Apr 2017
Multitasking So BMN have bagged Vametco, and it looks as though it will be refinanced shortly, partially through Vametcos reserves. A great deal for BMN. Also opportunities with coal and tin. BMN is a real long term investment opportunity in my opinion.
pb940
05 Apr 2017
RNS - Mou signed re coal [link] Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Southern Africa and Madagascar, is pleased to announce the signing of a Memorandum of Understanding ("MoU"
between its wholly-owned subsidiary, Lemur Holdings Limited ("Lemur" and Sinohydro Corporation Limited ("Sinohydro". The MoU gives both companies exclusive rights to work with each other on the development of an initial 60 MW independent power producer ("IPP" coal power plant and associated 200 kilometre transmission line in southern Madagascar (the "Project". It is anticipated that the coal fuel for the power station will be provided from Lemur's coal mining permit area in Madagascar.The MoU's objectives include:· Development of a Bankable Feasibility Study ("BFS" and a Project Implementation Proposal ("PIP" for the project by Sinohydro, at its own cost, within 12 months of signing the MoU;· Preparation by both parties of an Environmental Impact Assessment for the Project;· Preparation by both parties of EPC and O&M contracts for the IPP plant and the EPC contract for the transmission line within 18 months;· Cooperation between the two parties to secure both debt and equity funding for the project;· Potential establishment of a future company for the Project upon completion of the BFS, in which Sinohydro's parent company, PowerChina, may take an equity interest;· Lemur will continue the development of its mine in order to supply coal to the Imaloto IPP.Lemur has to date completed a conceptual study, followed by more detailed pre-feasibility studies ("PFS" for the mine, power plant and transmission line. These studies demonstrated favourable project economics, including the existing and future demand for electricity in the area. Sinohydro will use its vast expertise in power plant and transmission line engineering and construction to build on the work already done by Lemur in the PFS.The Project stands to have a transformational impact on Madagascar. At present, no electricity grid exists in the southern part of the island. The Project would be able to not only supply electricity cheaper to existing mining and industrial operations in the region, but to also deliver electricity to tens of thousands of people currently without access to power. Realising this, the Madagascar power utility, Jirama, is currently negotiating an offtake agreement with Lemur for electricity for the IPP. Commenting on the executed Agreement, Fortune Mojapelo, CEO of Bushveld Minerals, said: "This is another example of the progress Bushveld has made across its platforms in 2017, in what we forecasted as a pivotal year for our Company." "The MoU signing is a major step forward in the development of our coal mine and power plant project in Madagascar. Sinohydro and its parent company PowerChina, bring a wealth of technical expertise in building such projects and bringing them into operation. The MoU reinforces the commercial merits of the Project and the bankable feasibility study will add significant value to the development of the power Project. We look forward to working with Sinohydro and the Madagascar authorities in implementing the Project and realising its immense positive social impact it will create. Commenting on the MoU, Liu Kai, Vice President of Sinohydro, said: "As a major breakthrough for the energy sector of Madagascar, this project will help solve the problem of power shortage and contribute to local economic growth in the south of the country. Sinohydro, with rich experience in thermal power field, is ready to help Lemur complete preliminary work. We both hope the Project can move forward into the next stage as soon as possible with the strong support of Madagascar government."
