Bushveld Minerals Management

Management criteria checks 2/4

Bushveld Minerals' CEO is Craig Coltman, appointed in Jul 2023, has a tenure of 1.33 years. total yearly compensation is $167.91K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth €14.87K. The average tenure of the management team and the board of directors is 2.3 years and 2.7 years respectively.

Key information

Craig Coltman

Chief executive officer

US$167.9k

Total compensation

CEO salary percentage	100.0%
CEO tenure	1.3yrs
CEO ownership	0.2%
Management average tenure	2.3yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Craig Coltman's remuneration changed compared to Bushveld Minerals's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$117m
Mar 31 2024	n/a	n/a	-US$110m
Dec 31 2023	US$168k	US$168k	-US$104m

Compensation vs Market: Craig's total compensation ($USD167.91K) is below average for companies of similar size in the German market ($USD474.54K).

Compensation vs Earnings: Insufficient data to compare Craig's compensation with company performance.

CEO

Craig Coltman (63 yo)

1.3yrs

Tenure

US$167,912

Compensation

Mr. Craig W. Coltman is Chief Executive Officer and Director of Bushveld Minerals Limited from July 01, 2023. He has vast experience in the mining industry. He served as a distinguished many years with De...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Craig Coltman	CEO & Director	1.3yrs	US$167.91k	0.18% € 14.9k
Fortune Mojapelo	Co-Founder	no data	US$699.17k	0.40% € 33.7k
Robert Taylor	Interim Chief Financial Officer	less than a year	no data	no data
Lucas Msimanga	Group Executive of Operations	2.3yrs	no data	no data
Chika Edeh	Head of Investor Relations	no data	no data	no data
Viki Rapelas	Group Executive of Legal and Compliance & Director of Legal	5.8yrs	no data	no data
Sibu Majozi	Group Executive of Corporate Affairs & Sustainability	2.3yrs	no data	no data
Kate Bredin	Company Secretary	no data	no data	no data

2.3yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 23U's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Craig Coltman	CEO & Director	1.3yrs	US$167.91k	0.18% € 14.9k
Kevin Alcock	Independent Non-Executive Director	2.7yrs	US$55.94k	0.13% € 11.1k
Michael Kirkwood	Independent Non Executive Chairman & Senior Independent Non-Executive Director	6.6yrs	US$96.34k	0.11% € 9.2k
Mirco Bardella	Independent Non-Executive Director	2.7yrs	US$55.94k	no data

2.7yrs

Average Tenure

64yo

Average Age

Experienced Board: 23U's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Bushveld Minerals Management

Management criteria checks 2/4

Key information

Recent management updates

Bushveld Minerals Limited, Annual General Meeting, Aug 07, 2024

Tanya Chikanza Announces Resignation of Finance Director of Bushveld Minerals Limited

High number of new and inexperienced directors

Bushveld Minerals Limited Announces Executive Changes

Bushveld Minerals Limited Announces Executive Changes

Bushveld Minerals Limited, Annual General Meeting, Aug 02, 2023

Recent updates

Now 89% undervalued

New major risk - Market cap size

Now 89% undervalued

An undisclosed buyer completed the acquisition of Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) for $100.

Now 88% undervalued after recent price drop

New major risk - Negative shareholders equity

Now 85% undervalued after recent price drop

Now 80% undervalued

Now 83% undervalued

Bushveld Minerals Limited Provides Production Guidance for the Year 2024

Bushveld Minerals Limited, Annual General Meeting, Aug 07, 2024

Now 92% undervalued after recent price drop

Full year 2023 earnings released: US$0.074 loss per share (vs US$0.031 loss in FY 2022)

Now 92% undervalued after recent price drop

Now 91% undervalued after recent price drop

Now 93% undervalued after recent price drop

Bushveld Minerals Limited Provides an Updated Mineral Resources and Ore Reserves for the Vametco Vanadium Mine Near Britishs on the Western Limb of the Bushveld Complex

New minor risk - Financial data availability

Now 84% undervalued after recent price drop

Now 83% undervalued after recent price drop

Forecast breakeven date moved forward to 2024

Tanya Chikanza Announces Resignation of Finance Director of Bushveld Minerals Limited

Now 78% undervalued after recent price drop

Bushveld Minerals Limited (AIM:BMN) completed the acquisition of remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited.

Bushveld Minerals Limited has completed a Follow-on Equity Offering in the amount of £14.654696 million.

New major risk - Shareholder dilution

Bushveld Minerals Limited has filed a Follow-on Equity Offering in the amount of £17.9 million.

Bushveld Minerals Limited has filed a Follow-on Equity Offering in the amount of £17.9 million.

Forecast breakeven date pushed back to 2025

High number of new and inexperienced directors

Bushveld Minerals Limited Announces Executive Changes

Bushveld Minerals Limited Announces Executive Changes

Forecast breakeven date moved forward to 2024

No longer forecast to breakeven

Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited.

First half 2023 earnings released: US$0.011 loss per share (vs US$0.003 loss in 1H 2022)

Bushveld Minerals Limited announced that it has received $12.5 million in funding

Now 67% undervalued after recent price drop

Forecast breakeven date moved forward to 2024

Forecast to breakeven in 2025

Now 38% undervalued after recent price drop

Bushveld Minerals Limited, Annual General Meeting, Aug 02, 2023

Forecast to breakeven in 2025

Bushveld Minerals Limited to Report Fiscal Year 2022 Final Results on Jun 23, 2023

Bushveld Minerals Limited Provides Production Guidance for the Year 2023

Bushveld Minerals Limited Announces Board Changes

First half 2022 earnings released: EPS: US$0 (vs US$0.015 loss in 1H 2021)

Bushveld Minerals Limited Provides Production Guidance for the Year 2022

Bushveld Minerals Limited Announces Director Changes

Bushveld Minerals Limited Provides Production Guidance for the Year 2022

Bushveld Minerals Limited, Annual General Meeting, Aug 08, 2022

Full year 2021 earnings released: US$0.034 loss per share (vs US$0.031 loss in FY 2020)

Bushveld Minerals Limited Announces Key Findings of Vametco and Vanchem Studies

High number of new directors

Bushveld Minerals Limited Announces Appointment of Independent Non-Executive Director

Bushveld Minerals Limited to Report Q1, 2022 Results on Apr 26, 2022

Bushveld Minerals Limited Provides Production Guidance for the Year 2022

First half 2021 earnings released: US$0.015 loss per share (vs US$0.01 loss in 1H 2020)

Bushveld Minerals Limited Temporarily Stops Production At Its Vametco Operation

Independent Non-Executive Chairman recently sold €214k worth of stock

Co-Founder recently sold €45k worth of stock

Bushveld Minerals Limited Provides an Updated Mineral Resources and Ore Reserves for the Vametco Vanadium Mine Near Brits on the Western Limb of the Bushveld Complex

Bushveld Minerals Limited Announces the Demise of Ms. Dolly Mokgatle, Independent Non-Executive Director

New 90-day high: €0.22

First half earnings released

Bushveld Minerals Limited announced that it expects to receive $35 million in funding from Orion Mine Finance and other investors

CEO Compensation Analysis

CEO

Tenure