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 clears the decks

By Robert Tyerman

5 November 2014 05:38

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Fortune Mojapelo, the lawyer and investment banker running entrepreneurial AIM-quoted vanadium, tin and coal hopeful Bushveld Minerals (BMN), argues investors can assess the company’s prospects with greater confidence now that it has extricated itself from a financing arrangement with offshore investment concern Darwin Strategic and raised £1.25 million at 3p a share.

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Comments

J P Spaghetti

5 November 2014, 08:58

“However, vanadium has been out of favour lately, trading at around $25 a kilogramme, against peaks of more than $120 nine years ago.”

Makes the investment case so much stronger in my ‘umble
Libero

6 November 2014, 07:35

JP Spaghetti, BMN is the most undervalued stock on the market IMHO. That’s not to say it’ll make the best return over the next 12 months per se, but – sooner or later – it will be worth a Fortune.*

*The capital ‘f’ for ‘Fortune’ is deliberate – a play on words based on the CEO’s name haha!
J P Spaghetti

12 February 2015, 13:51

Sorry to resurrect an old(ish) article, but does anyone have a feel for what’s been behind the continued slide in the BMN SP? Anything to do with the Lemur buyback perhaps? They seem to have been ticking all the right boxes and I realise it’s AIM, but I agree with Libero’s comment above and that makes it all the more perplexing…
wildrides

12 February 2015, 14:57

vandium Iron ore is worth Feck all these days . The world is full of iron ore projects waiting for finance . You will have to bottom drawer it for 2-5 years . Look at all the metals graphs …..all down hill at the mo …………. no one wants metals …….. stock piles everywhere due to china slow down .
People keep going on about tungston ………. but just look at the graph since summer 2014 , its on the fecking floor . WRES is 75% down since the summer .

Platinum might be worth a punt .
J P Spaghetti

13 February 2015, 03:49

Thanks for responding Wildes, even if it’s not too encouraging!