Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Bushveld Minerals (BMN) shares may be cheap but this cheap? Well prostitute researcher Edison is paid to say nice things but surely convicted felon Charlie Gibson is over-egging the pudding with this note? Decide for yourself. The Honourable Mr Gibson writes:
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Comments
Tom W
Sam
Have you ever posted a +ve comment here?
a) It was a chance for me to have another cheap shot at Charlie “convicted felon” Gibson. JP is not on an electronic tag.
b) JP writes because he believes it. Edison write buy because the company pays it to say buy.
T
wildrides
Well all I can say is ……..great ! cos I am already in .
Libero
Tom,
James Parter effectively said Bushveld’s world-class vanadium asset is worth 97p yesterday.
http://www.shareprophets.advfn.com/views/6837/bushveld-minerals-and-mind-blowing-vanadium-upside
That is based on the already confirmed Vanadium resource (the actual vanadium resource could be 6 times larger than that).
This 97p valuation doesn’t even take into account Bushveld’s 1 billion tons of iron, the tin project, the coal project, the £10m they have via Lemur, nor the fact a massive Chinese company (CREC) is knocking on Bushveld’s door!
Now James is bang on the money. Bushveld is worth an absolute fortune.
So, considering JP gave a target price much higher than Charlie Gibson, I don’t see how you can criticise Charlie this time around because, for those who bother to do the research, BMN truly is the mind-blowingly undervalued.
I know you don’t like Edison Research because they truly are prostitute researchers. But that doesn’t mean you can criticise them for saying BMN is a convicion buy when it so clearly is!
Once again you personally, Tom, have disappointed me in your coverage on BMN.
Choose your attacks more carefully next time,
Libero
Tim reynolds
Another article bythis winnrith charcter whose articles increasingly are coloured by his personal dislikes of individuals and grudge holding irrespective of the actual shares fundementals
Tom W
Tim
D you mind if I mis-spell your surname too? Ok. Let’s start again.
Dear Tim Complete-wanker.
You comment is factually inaccurate. No increasing here. I have always made it abundantly clear what I think about individuals. If you read the piece I make it clear that BMN shares are cheap. But the price target is so proposterous as to reduce its credibility. And the convicted felon has form in this regard.
Best wishes
Tom Winnifrith ( correct spelling)
Libero
Tom W,
That price target is not proposterous at all.
Actually let me re-phrase that.
It’s not proposterous if you take a 2 year view, but absolutely ridiculous in the short term.
Realistically I’m expecting BMN to finish the year c 10p. But one day it’ll be 49.5p and much much more.
Just saying (and that’s not to say that I like Edison Research because I don’t). You’re just wrong to think BMN is merely cheap is all I’m getting at.
Kind regards,
Libero
alcira16247
Tom
Hope you get to read this:- Re: Ferrex
After releasing a disappointing RNS today, regarding funding with AA and Kumba for their Mebaga Iron Ore project. The director’s have poured in their own money into Ferrex and for that reason alone, I think deserve support. Would value your opinion.
Kind regards
Tom W
alcira16247
I fear that I know nothing about Ferrex so could say nothing of any use.
I am sorry
T
wildrides
Once again people are trying to batter the sites writers over the value of a mining company with an “asset” in the ground . Once again I remind critics that the mining industry has precise methodology for valuing mineral assets in the ground at each individual stage from discovery to production . I refer you to Amanda Van Dykes published papers and video content on the subject of calculating such valuations that are accepted as industry standard. Clearly the valuation subject to debate here, whilst attainable one day, is not the correct value for the resource at its current state of development . Note the use of the word “unrisked” .
A rival company will adjust any offer it makes for the “asset” according to the position on the development path and associated “ determined facts” and costs incurred on the path so far . Writers are bound to come up with differing valuations depending on what criteria they have applied in their calculations and whether their valuation is a 12 month forward “target price “ or current estimate of value .