We consider the US$65m production financing and convertible loan note offering a watershed moment in Bushveld’s evolution, strengthening its balance sheet and thus de-risking its growth ambitions at a pivotal point in the vanadium market cycle. Vanadium’s long-term fundamentals look strong, yet pricing is currently constrained by the dual effects of COVID-related industrial depression in the West and elevated seaborne iron-ore pricing (the latter indirectly increasing V co-supply in China). We b ....
01 Dec 2020
Innovative financing reignites growth drive
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Innovative financing reignites growth drive
Bushveld Minerals Limited (BMN:LON) | 1.1 0 0.0% | Mkt Cap: 26.0m
- Published:
01 Dec 2020 -
Author:
Nick Chalmers -
Pages:
16
We consider the US$65m production financing and convertible loan note offering a watershed moment in Bushveld’s evolution, strengthening its balance sheet and thus de-risking its growth ambitions at a pivotal point in the vanadium market cycle. Vanadium’s long-term fundamentals look strong, yet pricing is currently constrained by the dual effects of COVID-related industrial depression in the West and elevated seaborne iron-ore pricing (the latter indirectly increasing V co-supply in China). We b ....