Bushveld Minerals (GB:BMN) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Bushveld Minerals Limited faces a financial challenge as Vanchem, its former subsidiary, failed to repay a shareholder loan of approximately US$798,000 by the due date. The company is addressing the issue through appointed business rescue practitioners and is set to resolve disputed claims with Southern Point Resources Fund over incurred kiln repair costs. Further steps, including legal actions, are being considered to recover the owed amount.
For further insights into GB:BMN stock, check out TipRanks’ Stock Analysis page.
