Bushveld Minerals Ltd (BMNB)

Why the bounce today?

Bought a nice position still downside potential to 9.07 support still can't get out of the downtrend but hey its a good company low cost production so why not 🤷🏼‍♂️ holding into mid 2022 depending on price target of 20p and scale out to 30p we shall see

Bought heavily. Many thanks to the sellers

So I agree with Ken that there are sellers around and am looking for the price to drop as he says

It is possible that amoungst other things the production cost for getting it out the ground is too expensive when you compare it to FAR who are saying thay can get it vanadium out the ground more ethically and cheaper - "Unit costs before by-products of US$2.26/lb, US$1.54/lb on a co-product basis and negative US$-1.20/lb on a by-product basis gives the project an industry leading cost base; around 56% lower than current low cost peers."

Wouldnt surprise me if this goes back to 11-12. Big seller in the background

Why did it drop today?

12p is coming soon

Any news for the share price drop this morning?

serious re rate overdue. BMN should have a fantastic 2021 with all the news they are due.