Bushveld Minerals Share Discussion Threads

[zwift] 24/10/2020 21:24

Gah..
The Orion funding will just about pays off the old loans to Nedbank and Duferco

[jc2706] 24/10/2020 21:06

There is no indication that this coronavirus is affected by either summer temperatures or UV. However, its spread is affected by proximity, particularly in enclosed spaces. This is why cases rose sharply in the US at the height of the summer (they rushed for the air con!).

I actually believe SA's figures more than Germany's currently. Apparently people in Germany catch the disease but very few die at the moment.

[plat hunter] 24/10/2020 19:59

Zwift, SA is in the southern hemisphere, ie encriching on summer now.Warmer temps and more uv radiation seems to keep it check.. Fingers crossed

[gah123] 24/10/2020 19:32

Agree, current production will not satisfy the upcoming huge demand. This is why the Orion funding is so important to increase capacity further.

[zwift] 24/10/2020 19:08

Gah..

Fortune better get his finger out and ramp up production then.

BMN don't even produce enough V per year For a 1GWh VRFB

[gah123] 24/10/2020 18:32

A 1GWh VRFB would need 4,500 tonnes of vanadium.A 1GWh production facility would need the same amount every year.

[zwift] 24/10/2020 18:22

Plat Hunter.. Thanks, what an eye opener!

Ive checked the various articles you mentioned and it all looks very grim unfortunately.

Ive had a quick look at excess deaths for Pretoria, as I know many BMN workers live in the region, it is having one of the worst years on record.

I know Vametco is an open cast mine and transmission rates should be low, but what happens when workers go home to over crowded town

I hope this doesn’t become a problem for investors

Zwift

[gah123] 24/10/2020 18:07

https://www.forbes.com/sites/rrapier/2020/10/24/why-vanadium-flow-batteries-may-be-the-future-of-utility-scale-energy-storage/amp/?__twitter_impression=true

[plat hunter] 24/10/2020 17:10

Zwift, There's a few interesting articles from the BBC, bloomberg etc etc about SA's covid tents.Sad and tragic if true

[zwift] 24/10/2020 16:35

Does anyone else think South Africa are not telling the truth about their covid numbers

South Africa have only been averaging between 1800 to 2000 cases per day for the last 8 weeks!
Most other countries are well into a second wave

Lets hope they don’t have another lockdown at the mine, just as things have started to look better for BMN investors

[zwift] 24/10/2020 14:52

Gah- you are the Troll

[gah123] 24/10/2020 14:40

Just a reminder Bmn share price was significantly higher (low 20's) when the vanadium price was lower. GS selling has given savy investors the opportunity to buy at a significant discount to underlying worth. IMO the share price will re-rate to 20p soon.

[plat hunter] 24/10/2020 13:26

Gah, you're so unbelievably inaccurate with your assumptions and ascertions that running rings round you would be embarrassing. Not to mention your grasp of grammar and language .Plus....I also don't need to, you've been here two minutes. As my grandad used to say... "Behave yourself kidder, you're still to wet behind the ears"

[lucakane] 24/10/2020 13:18

Me too.Let's see what the next few months brings.

[plat hunter] 24/10/2020 13:08

True enough Luca, It's like what JC was saying. There is a time in every companies life when the bod needs refreshing.Has that juncture already passed, is it now or later still down the road?Maybe the batteries will work and BMN will 20 bag to knutties predicted £2 tokens. I sincerely hope it does.

[lucakane] 24/10/2020 12:48

Thanks for reply. I get where you are coming from.Maybe without Fortune they wouldn't have had vametco and wouldn't have had the opportunity to gamble on the batteries.It is interesting and I do hope the batteries come off and improve the company and everyone wins.I guess it's a wait and see and look for opportunities on the way.I've not got the time nor inclination to try and trade any share but will keep an eye on the gaps you have mentioned with interest.GLA

[gah123] 24/10/2020 12:46

Your the thick one here!!! U sold at the bottom before the rise up. The point I'm making is earnings are irrelevant at this stage, free cash flow is more important as the company is still in the growth phase.

[jc2706] 24/10/2020 12:29

Ok.

It is an interesting situation. Fortune is clearly committed to the VRFB vision and has supported companies outside of China that can deliver that vision. If he hadn't there was a risk that there wouldn't be much of an industry outside China (where VRFBs appear to be moving forwards quite strongly).

If VRFB adoption does rise quickly then Fortune will look like a true visionary and BMN will be worth a lot. If it doesn't then there will still be a Vanadium producer left.

[plat hunter] 24/10/2020 11:46

Gah.... Earnings and free cash flow are not the same thing.There's that example of Irony again, i suggest you exercise caution before you speak, you sound thick

[gah123] 24/10/2020 11:42

You haven't got a clue. At the bottom of the vanadium price cycle bmn are still generating free cash flow. An increase in production will reduce costs further and increase free cash flow. This is at the bottom of the cycle, imagine the free cash flow when prices inevitably increase.