Proactive Investors - Run By Investors For Investors

Bushveld Minerals says not aware of any corporate reason for share price fall, notes weakness in vanadium price

The AIM-listed group said, in spite of the price falls, it believes the vanadium market “remains in a structural deficit that will support higher prices in the medium to long term”
Vanadium
Bushveld also said it will be releasing a Mineral Resource and Ore Reserve update imminently

Bushveld Minerals Limited (LON:BMN) shares came off lows on Tuesday as the integrated primary vanadium producer said it was not aware of any corporate reason for a recent fall in its share price, although it highlighted weakness in the vanadium price.

In a statement commenting on the downward share price move, the AIM-listed group said, in spite of the price falls, it believes the vanadium market “remains in a structural deficit that will support higher prices in the medium to long term.”

READ: Bushveld Minerals signs off the first quarter on a high

The group also said it will be releasing a Mineral Resource and Ore Reserve update imminently.

In addition, the company said, its financial statements for the year ended 31 December 2018 are scheduled to be published within the current month.

In late morning trading, Bushveld shares were off 3.3% at 22.25p, but that was above the earlier session low of 19.50p.

View full BMN profile View Profile

Bushveld Minerals Limited Timeline

Related Articles

Process plant
May 16 2019
AfriTin Mining Limited (LON:ATM) is developing the Uis tin project in north-west Namibia Phase 1 will see process 500,000 tonnes of ore per annum processed This will produce 60 tonnes of tin concentrate per month. Phase 2 will see capacity rise to 3mln tonnes per annum, producing the 5,000 tonnes of tin concentrate
ASX share price gain
November 28 2018
The company spoke to its strength at its AGM this week in Sydney.
1540886089_DJI_0816_resized.jpg
October 30 2018
Rainbow is continuing to drive towards a production rate of 400 tonnes per month
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use