Bushveld Minerals Share Discussion Threads

[nvhltd] 01/9/2020 20:36

4. Eligibility and Qualification (ITB 39Post Qualification evaluation
Criteria are a “must meet”
•Eligibility
•Historical contract non-performance
•Financial (annual turnover of USD 200M)


Rules us out as a stand-alone bidder

[shieldbug] 01/9/2020 20:19

NVTLD - you really need to get a life outside of bulletin boards - bulletin boards are not the same thing as the companies discussed on them. Its 99% boredom, gossip, speculation, letting off steam and pure unadulterated guff.

Equally watching trades and charts is not the same as the company being traded. The share price is not the value of the company blah blah blah...

In your case it is rather sad that you don't even have another company to be interested in. I find that having 30 odd stocks provides plenty to focus on while leaving plenty of stocks to just forget about and let them get on with doing there thing. Obsessing on a single stock just can't be good investing.

I address this post to you out of annoyance that whenever I do check in here it is the same grinding negativity aimed at the company and Fortune in particular. Its truly exasperating.

[jc2706] 01/9/2020 15:18

Whoever it is or wherever they are getting the shares from, they are in complete control of the share price. When they stopped a couple of weeks ago the price rose rapidly indicating that there is a fair amount of buying pressure that is being offset by these incessant 500k (and occasionally 250k sells).

The easy answer to the identity of the seller is that it is a large holder gradually offloading. Given this is AIM it is unlikely to result in a notification until it is finished (if at all if they are under 3% although the length of time this has been going on for suggests it is higher, but that could just be my judgement of the elapsed time).

The slightly more convoluted answer to the identity is that this is actually based on Duferco's convertibles. As this is a vwap conversion price, holding the price down ahead of conversion is actually beneficial to the conversion price and the number of shares issued. If this is the case then it is likely that this is going to go on for another 2 months. And will likely happen again next year.

[32campomar] 01/9/2020 14:51

Mr 500k seller never gives up does he?

[mauricegarin1] 01/9/2020 13:53

Glad you’ve figured out who I am Capa, not so glad you think I’m as large as him, especially as I’m averaging Nearly 2 marathons a week And I’m not talking the chocolate kind, at least I know your over 60 anyway as only the old would get that observation.

[plat hunter] 01/9/2020 13:30

Ohhh tempted

[knuttie] 01/9/2020 09:31

So predictable.

[nvhltd] 01/9/2020 08:39

And yet more lies and missed target dates by the BoD. Either that or one of the posters on LSE is a liar.

Chika stated only last week that the Q2 production report would be out before the end of August. What is the point of issuing quarterly reports if they are going to take this long that they become irrelevant? Why lie about it? Fortune is really starting to show his true colours as his plans and targets fall by the wayside one by one. We’ve only got one target left and that’s to have installed 1,000Mwh of VRFB’s by the end of the year - 4 months.

Come on Fortune you can do it with your tin pot VRFB companies. They all have these mega factories waiting for the orders.

[mauricegarin1] 29/8/2020 07:42

That’s a bit more informative, thanks for the advice😁€077;

[1enigmatic] 28/8/2020 21:51

To clean the sensitive and hard to reach inside of thermos flasks stained by coffee or tea put some baking powder into the empty, dry flask and pour water from a recently boiled kettle over it. Cover it up when all the foam has settled and leave it for half and hour or so. Repeat if necessary.

[nvhltd] 28/8/2020 14:38

Hi JC: There’s no contradiction. People are querying what I am saying. It’s there to be seen both here and on LSE.

It is only my belief (and Bassguy) that despite zero value being attributed to BE the market will take the opportunity to punish us further if we do not win a significant portion of the BESS after all the talk of vertical integration, VRFB’s and the importance of the African market to us.

I have never said we will not be successful, but I have tried to temper enthusiasm based on the very fact that there are alternatives to VRFB’s and bigger companies to compete against.

For years we’ve had the rampers post in the belief we are the only game in town. What I find amusing is their sudden dose of realism and concern as we approach the finish line. It’s like they are making excuses for all outcomes to spin the positivity.

What is wrong with pointing out a comment in the environmental report that contradicts the expectations of most blinkered investors? I’d prefer the statement to say vanadium is the preferred technology or nothing at all, but to specifically state that the clients preferred technology is based on lithium is concerning. There are enough posters ramping and ignoring inconvenient facts to more than balance my lonely voice of concern. Reading, seeing and listening only to what you want to give confidence is deluded. I posted a fact in a public report. You can take it however you want.

I’m expecting 100% of the BESS contract because like I say each award is separate and our solution is the best and satisfy the conditions laid down. We’ve been told this for years by the company and they have told us we will have 1,000Mwh hours installed this year. I’ll cut them some slack on the timelines because of the incompetence of ESKOM, but not on the targeted 1,000Mwh.

So if we are the best solution for the first contract why would ESKOM pick a lesser solution for the second, third or fourth just to give others a crack at the whip. Do you think they will ignore their own criteria and rules to let someone else in?

How will they square that with the World Bank? Oh we picked BE for the first one, but we thought it wouldn’t be fair not to give Tesla, GE or others a pop?.

Now I could see that being the case If they have chosen one technology over another already. So they spread the contracts amongst just lithium or VRFB companies, but not different technologies if one is considered so much more superior to support large scale grid connections.

I must say I wasn’t impressed with the communication skills of all of the ESKOM employees at the site visit. None of them could string a sentence together clearly. They didn’t inspire any confidence.

I think they could easily be persuaded with a few dollars in a brown envelope.

[jc2706] 28/8/2020 14:10

I think that most people are not querying what you are saying but rather why you are saying it. You profess to have a large holding, consider it unlikely that BMN will win any of this contract and suggest that the share price will suffer heavily if they don’t win any of it. Do you not see how these things are contradictory?

[nvhltd] 28/8/2020 13:57

Hi Mo. Nice to hear from you. I always enjoy our chats.

Question for you. What does page 8 of the environmental report for the Hex site state as the clients preferred option? Lithium or Flow?

Now that’s a very, very simple question even you can answer.

[nvhltd] 28/8/2020 13:39

Southerstorm: Look at page 8 of the environmental report for the HEX site regarding lithium as the clients preferred choice. This isn’t negatively. This is fact - again!!!!

hxxps://www.eskom.co.za/OurCompany/SustainableDevelopment/EnvironmentalImpactAssessments/HexBESS/Pages/default.aspx

Alternatives Assessed
The environmental attributes associated with the alternatives focusing on the geographical, physical, biological, social, economic, heritage and cultural aspects are considered. The details pertaining to each alternative considered, as well as the technical preference are provided below:

• Impact Assessment of Technology Alternative 1- Solid State Batteries (Lithium-ion) (Preferred Alternative):

A lithium-ion (Li-ion) battery is a rechargeable electrochemical battery. Rather than a single electrochemical couple like nickel-cadmium, “lithium-ion” refers to a wide array of chemistries in which lithium ions are transferred between the electrodes during the charge and discharge reactions.
A Li-ion cell is comprised of three main components; cathode and anodes electrodes, and an electrolyte that allows lithium ions to move from the negative electrode to the positive electrode during discharge and back when charging. When the battery is charging, lithium ions flow from the positive metal oxide electrode to the negative graphite electrode. When the battery is discharging the reverse flow of ions takes place.
Li-ion battery cells contain two reactive materials capable of electron transfer chemical reactions. The reaction is facilitated through electric contact or direct contact, through wire. Ion exchange must take place to maintain overall charge neutrality as electrons are transferred.

• Impact Assessment of Technology Alternative 2 – Redox Flow Batteries:

Three flow battery systems are considered: vanadium flow batteries, zinc-bromine flow batteries and iron-chromium flow batteries. Flow batteries consist of external tanks filled with electrolyte, which flows through an electrochemical cell or reaction stack. Environmental impacts for batteries are dependent on a number of influencing factors. Location of battery technologies will need to be considered due to the coastal regions increasing susceptibility to corrosiveness. Redox Flow Batteries (RFB) are a class of electrochemical energy storage technology. It entails a chemical reduction and oxidation reaction that stores energy in liquid electrolyte solutions, which flows through a battery of electrochemical cells during charge and discharge.

[nvhltd] 28/8/2020 13:26

It’s amazing how things get twisted on LSE. Who said BMN / BE wasn’t involved? They bloody well should be. The site visit wasn’t compulsory. In fact knowing how long we have been working towards this point I don’t think We would need to bother. We must know these sites inside and out.

My thoughts are that there were 2 types of companies in attendance. The big boys who are only showing an interest now the tenders have been released. They have their own tech based on lithium with the clout and experience to deliver the project with their eyes closed. Then there are the integrators that are experienced at delivering large capital projects, but don’t have a full understanding of the various battery technologies. They will be project managers and choose a technology based on the majority of delivered projects around the world - lithium.

I would bet we are the only VRFB option.

[nvhltd] 28/8/2020 13:09

Bassguy: I too think the share price will be destroyed if we don’t win a significant chunk of the BESS contract as per your post:

“Kind of why I want to see expectations managed because the way this market works if BMN do not get part of phase one, then even though nothing is priced in for BE and we are way under fair value for just steel, the share price will be massacred just because they can”.

Too late to manage expectations now. We’ve had the likes of Alfa, Sanchez, Richken, BBN, Ophidian and others trash any other technology and the chances of other companies. This contract was a dead cert until the tenders were announced. Time to deliver Mikhail or shut BE down and focus on steel.

BMN / BE have talked about the opportunities and targets for long enough in South Africa. The rampers on LSE have over the years maintained that the story is half told, the rocket is on the launch pad and we have all the building blocks to be successful with ESKOM.

They claim I am negative? What amuses me is the way they are toning down their expectations as we approach the finishing line. For years this contract was a given, but they’re not so sure now. Funny that. They’ll be able to say hey never ever said we would get it all.

[nvhltd] 28/8/2020 12:59

Southerstorm: Read all the environmental reports. At least 2 consultants state that the clients preferred solution is based on lithium. Why would they state that in their report if the client hadn’t mentioned it?

Secondly, if you listen to the q and A in the site visit video you will hear questions posed by Wartsilla, GE and ABB.

In the past I have attended video conference meeting which also have Tesla in attendance.

But we shouldn’t worry about these titans of industry. We’ve got this all in the bag.

[lucakane] 28/8/2020 12:52

Or he bought them all at 40p and is a tad bitter! Buy hi sell low.... no.value.here.ltd

[vauch] 28/8/2020 12:28

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I have had him on filter for months and it is a blessing indeed that we have a filter button