Bushveld Minerals Share Discussion Threads

[plat hunter] 24/9/2020 10:01

I don't believe anyone is ever 'trapped' there's over 1500 UK listed companies and the market is always open.

[jc2706] 24/9/2020 07:07

"all the poor sods that lost money or trapped"

The one which comes to mind most frequently is you! Nobody else is whining about it (because they know that it was induced by the Vanadium price collapse and the fact that they didn't sell when they had the chance).

[zwift] 23/9/2020 22:19

Thanks nvhltd, you seem like a fountain of knowledge

[nvhltd] 23/9/2020 19:45

Zwift: the CLN couldn’t have come at a worse time. It’s my understanding that $11.5 million is due shortly. BMN can elect to pay half early in cash and the rest in shares. At the current share price Duferco are going to get circa twice as many shares as they would have done at the start of the year. So in effect it looks like the overall cost for the first years payout could be circa $17 million based on the share price at the start of the year.

Even if Fortune pulls a rabbit from a hat he can’t be forgiven for the share price collapse from 48p and all the poor sods that lost money or trapped.

[nvhltd] 23/9/2020 19:32

Saghir: I was positive earlier on when I posted about the webinar.

Other than that there isn’t much to be positive about. We’re all invested to make money. I said the other day I’d gladly apologise if I’ve got anything materially wrong, which is far more than you would get from the Lemmings.

So far I haven’t been wrong about anything. Going forward I could be and I hope I am, but much of what I find via research and reaching out to people doesn’t inspire confidence. Mo likes to make silly claims, but he too could reach out to Enerox for example and confirm what they told me.

Just take the 3 VRFB companies we are associated with. The Lemmings would have you believe these companies have cutting edge technology with mass manufacturing capabilities. The reality is there has been consolidation because they were facing insolvency, a cut back in product range and next to no sales.

BBN has come to the same conclusion as me. That after 5 years we don’t know who our VRFB partner will be, but I can’t see it being the 2 we have invested in or the one we have a MOU with.

If we are only going to rely on the steel market then there would be no need to develop Mokopane. The steel market isn’t going to suddenly double. It might take a bit more here and there, but really it’s pretty much balanced.

[zwift] 23/9/2020 19:13

What do you peeps think will happen when the Duferco cln falls due ?

[plat hunter] 23/9/2020 18:56

No you don't

[capablanca64] 23/9/2020 18:33

In fairness to nvhltd he's been bearish for some time and the share price has fallen dramatically during this period so you have to give him kudos for calling this right

[mauricegarin1] 23/9/2020 18:00

Saghir, unfortunately you won’t get that mate he just lies makes things up and attacks people who have terminal health issues , honestly this guy is the sickest most vile character I’ve ever encountered on the internet, but you know what karma is such wonderful thing and one day he will have what’s due to him.

[dontay] 23/9/2020 17:54

Zwift ... "I feel they would be better just supplying V to the steel industry". Maybe they'll do exactly that. Not a great problem is it? The steel market can have its ups and downs but it's a good and provably a very nice and profitable cash generating market which should promote some rather lucrative dividends over time if storage energy doesn't come to anything. There are other AIM companies to invest in, if you don't like this one!

[saghir786] 23/9/2020 17:51

Nvhltd, you are pretty knowledgeable but please can we have a balanced view, a bit of positivity. You are so flipping negative I want to jump off a South African bridge!

[bspgamer] 23/9/2020 15:55

EEE start drilling Eclipse Monday.Look at these historical grades DYORHigh grade near surfaceRecent drilling (2014) has identified high-grade mineralisation all within a 30-metre zone either side of the main Eclipse shaft - highlights include:? GD008: 7m @ 13.07 g/t Au from 34 metres? GD014: 12m @ 5.13 g/t Au from 39 metres? ERC03: 8m @ 3.11 g/t Au from 66 metres? ERC019: 6m @ 3.92 g/t Au from 87

[mauricegarin1] 23/9/2020 15:52

Courtesy of Sanchez on LSE

Madness Jogj. Not even the most basic of points are grasped. Imagine after all that has been shared, thinking the SA gov are paying for the BESS project.

For me this highlights our main issue. Aim is full of people who talk about the DYOR bit, but actually the majority just base their investments on whoever is currently popular on Twitter. The market is a reflection of its audience. Its just pump and dump after pump and dump, with the resultant effect of creating a market that is entirely inappropriate for long term holding.

All AIM seems to be these days is big voices calling stocks for others to invest after they have bought whilst they are busy bailing themselves, causing domino like effects when people realise. It would be more impressive if some of these people actually had the bravery to shout as loudly when they are selling as when they are buying.

And all of this is precisely why what Bushveld are delivering is not connected to the share price and why we would be better served on a more mature exchange that is aligned to the interests of those with a longer term mindset. Every move is exacerbated by this irrational market. Currently we are being punished for Covid and a seller, with no regard whatsoever to the actual business plans and achievements because people just do not truly understand it.

I repeat that we were 50p with Vametco and 12p with Vametco, Vanchem, Moko license, Enerox, InVinity, Eskom underway, electrolyte underway and our own minigrid underway. Monumental progress which has achieved shareholders an 80% fall in their investments.

The only dog around here is the market we are listed on. Fact.

[zwift] 23/9/2020 15:13

You can’t cut down on the PR, there isn’t any to start with

[nvhltd] 23/9/2020 15:02

If BMN was on a main market the CEO by now would have been fired for destroying value the way Fortune has the past 2 years. He can’t keep eating out on his past performance.

It’s time for a change. Someone that can implement positive change and deliver on targets.

I never heard back from Mo so I’m free on a part time basis 😂.

First thing I’d do is get Mikhail in for a performance review meeting and give him some SMART targets. I’d tell him to cut down on the PR and get in the Vauxhall Vectra, hit the road and start selling. He’s talked long enough. It’s now time to deliver.

[zwift] 23/9/2020 14:14

The VRFB / lithium battery debate is still on going and there is no guarantee VRFBs will
have a big uptake

[zwift] 23/9/2020 14:08

Im trying to work out if BMN should be a jack of all trades or the masters of one, it seems to me they have to many fingers in to many pies. I feel they would be better just supplying V to the steel industry.

[zwift] 23/9/2020 13:56

Does black economic empowerment (BEE) have a % in BE

[dontay] 23/9/2020 13:50

Whose alphachomp? What partners are you referring to? How many partners for electrolyte sales or rentals are there? Who are they in partnership with for electrolyte sales or rentals? What price are they providing batteries for? Where in the world and also WHO are they contracted to provide electrolyte too? What amount of electrolyte is being supplied by their own plant when it's competed? What a amount will be contracted out to make up any shortfall if not? Your trying to work out the margin? Really? WOW? The margin between what and what?

[nvhltd] 23/9/2020 13:16

BBN has finally arrived at the same conclusion as me regarding our potential VRFB partner for the ESkom BESS. Better late than never 😜😂

UET, Invinity and Enerox just don’t cut it.

The Lemmings are voting up his conclusion like it was already obvious that our existing partners just don’t have the experience, financial clout and manufacturing capacity to deliver.

Five years since the inception of BE and we’re none the wiser who we might partner with or if we can satisfy the tender terms.

[zwift] 23/9/2020 12:29

I think alphachomp stated Electrolyte would sell for approx 100$ per Kg, but what are the percentage splits between all the partners, I’m trying to work out the margins

[zwift] 23/9/2020 12:22

If and when BMN get the battery contracts were will the electrolyte come from? The East London plant is not even built yet

[dontay] 23/9/2020 12:12

Zwift, the conversion of V to electrolyte is currently subcontracted out. That will obviously continue at least in part if that is what is required to complete any contract that might be awarded, until the East London plant, which is currently under construction, is commissioned. The costs of a kg of electrolyte cannot be sensibly estimated except in the generalised terms that the cost of the stuff is reckoned to come out at somewhere between 30-40% of the total costs of an installed battery. The V element in the electrolyte is around 8% of the total volume of the electrolyte fluid... the rest of it mainly water! A rough ratio is 5,000 tonnes of Vanadium per GWh of VRFB energy storage. 1 MW.h of energy storage would use about 5 Metric Tonnes of Vanadium (MTV)1 MTV = 1.78 MT of V2O51 MTV = 8 MT of Vanadium ElectrolyteAll this is freely available info... if you do your OWN research.