An update from Bushveld Minerals ( (GB:BMN) ) is now available.
Bushveld Minerals has announced its intention to appoint liquidators following financial difficulties and the inability to continue operations. The company has been exploring options to realize value from its assets, but with the delay in business rescue proceedings and the termination of head office staff, the likely outcome is a sale of its South African entities, benefiting only secured creditors. The resignation of its corporate service provider and the potential resignation of its Nominated Adviser further complicate its position, with the company not intending to appoint a replacement, risking the cancellation of its shares on AIM.
More about Bushveld Minerals
Bushveld Minerals Limited operates in the mining industry, primarily focusing on the production and sale of vanadium. The company has significant operations in South Africa, which include mining and plant operations under Bushveld Vametco Alloys and Bushveld Vametco Holdings.
YTD Price Performance: -1.29%
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.07M
For detailed information about BMN stock, go to TipRanks’ Stock Analysis page.