Bushveld Minerals Share Discussion Threads

[zwift] 25/10/2020 11:24

Lucakane.

I just like a fact based, balanced discussion.

I’ve been in BMN for 4 years, I think it will come good eventually but not anytime soon, maybe when all the pharma stocks have finished the money may be put in here,

Fingers crossed

[plat hunter] 25/10/2020 11:09

A rising metal price, is earnings related

[parob] 25/10/2020 10:44

Once the vanadium price starts rising I can see this getting tipped left, right and centre.

[gah123] 25/10/2020 10:34

READ the RNS again. "The Instrument's proceeds will go towards the first phase of Vanchem's refurbishment programme and debt repayment"."We are excited to announce the innovative funding agreement with Orion, which puts us on track with our expansion plans at Vametco"."This puts us in an even stronger financial position with a solid balance sheet".Why are you deliberately trying to mislead? Troll? Paid deramper! Which is it?

[lucakane] 25/10/2020 10:24

A lot of concerns there buddy.Not sure bmn is the right investment for you.GL

[zwift] 25/10/2020 09:45

Gah..
You do realise that the first $30m has already gone

Nedbank loan repayment $21.9M Plus $0.3m interest

Duferco loan repayment $6.5M plus $1.15M interest

Approx $30m when you factor in some legal fees etc


Under a separate agreement $10 to $20M CLN ( we are about to find out what affects a CLN can have on a share price)

BMN will need to find a third party investor(s) for the additional $15 to $25M needed to facilitate the first Phase of CRITICAL refurbishment of Vanchem.

Another concern I have with Vanchem is, where is the mined ore going to come from?
Would it need to be transported on road wagons from Vametco? If so at what additional cost?

[parob] 25/10/2020 08:16

Tipped yesterday in Yahoo Finance!Exploding demand for vanadium redox batteries (or VRBs) could drive profits at Bushveld Minerals to the stars too. Growing demand for green energy means that solar panel and wind turbine usage is booming. This means the VRB market will grow at an annualised rate of 43.7% through to 2025 (according to 360 Research Reports). And Bushveld – a major producer of vanadium in South Africa – is in great shape to get seriously rich in the process.hTTps://uk.finance.yahoo.com/news/2k-invest-d-buy-3-061320280.html

[indigocarmine] 25/10/2020 08:13

Could be bad news for VRFBs if the they successfully scale up the research

[parob] 25/10/2020 05:23

Forbes MagazineWhy Vanadium Flow Batteries May Be The Future Of Utility-Scale Energy StorageOct 24, 2020hTTps://www.forbes.com/sites/rrapier/2020/10/24/why-vanadium-flow-batteries-may-be-the-future-of-utility-scale-energy-storage/

[gah123] 24/10/2020 21:54

Plus cash and cash equivalent of US$24.6 million as at 30 June 2020

[gah123] 24/10/2020 21:53

Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage provider, with ownership of high-grade assets in South Africa, is pleased to announce that it has signed a long-term Production Financing Agreement of US$30 million (or the "PFA") with mining-focused investment business Orion Mine Finance ("Orion"), primarily to finance its expansion plans at Vametco and debt repayment. Drawdown on the loan is subject to completion of certain conditions precedent as described in this announcement. Under a separate investment agreement, Orion has also conditionally agreed to subscribe for a minimum of US$10 million, and a maximum of US$20 million of convertible loan notes under a US$35 million convertible loan notes instrument (the "Instrument"). The Company intends to seek other subscribers for the balance of the total. The Instrument's proceeds will go towards the first phase of Vanchem's critical refurbishment programme and debt repayment.

[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