Bushveld Minerals Share Discussion Threads

[dontay] 25/11/2020 12:06

Yet another huge late one printed! 4.5 million!

[capablanca64] 24/11/2020 14:41

Apparently not

[dontay] 24/11/2020 12:59

Uh oh bumped, chit-chat will happen tomorrow.

[dontay] 24/11/2020 12:56

Matt Gordon and Fortune are having another pow-wow today.

[dontay] 24/11/2020 12:22

There you go, another load (8.8 million) of huge trades just reported.

[dontay] 24/11/2020 11:43

SP Angel BMNToday 11:05https://www.uploadlibrary.com/SPAngel_JohnMeyer/SP_Angel_-_Morning_View_-_Tuesday_24.11.20.pdfBushveld Minerals* (BMN LN) 12.35p, Mkt cap £141m – New orders from Invinity indicate rising demand for VRFBGrid storage systemsBUY - Valuation 37.7p(Bushveld Energy has negotiated to holds 50% Enerox Holdings Limited (50% other investor) which holds 90% of EneroxGmbH along with 8.71% in Invinity) If no other investors participating then the €3.7m loan will be split between theBushveld and the other investor.Guidance maintained despite severe weather holds back Q3 production at Vametco• Bushveld Minerals report that a longer than normal power outage caused by severe weather hit the vanadiumproduction in the refinery at Vametco.• Guidance: management still expect to make up much of the lost time in the refinery and to meet the lower end ofits full-year production guidance of 3,660-3,950mtV with Vametco production 2,700-2,850 mtV.• While Nitrovan sales will be hit by the refinery outage the roaster before the refinery produces vanadium AMVwhich can be converted into other saleable products using the facilities at Vanchem.• This gives very fortunate flexibility to group production and should enable the group to meet guidance.• Q3 Results: Vanadium production rose 28% in Q3 to 725t on the second quarter.Nine-month production was surprisingly steady at 1,942mtV approximately in line with 1,953mtV last year despitethe lockdown and Covid-19 issues.• Group production rose 31% to 1,019 mtV including Vanchem on Q2• Vanadium sales fell 27% to 639mt in the quarter• The production picture for the nine months to end September looks somewhat better than last year despite thelockdown• Nine-month production rose 37% to 2,667 mtV mainly due to the addition of material from Vanchem• Group sales are 74% higher at 2,987mtV1 for the nine months to end September• C1 cash costs fell 12% to $18.10/kgV yoy due to the weaker South African rand which was severely impacted bythe fall in mineral exports out of South Africa.• Cash cost are reported to be 11% lower for the nine-months at US$17.50/kgV.• Vanchem production rose 39% on Q2 to 294mtV due to the lifting of the nationwide lockdown in Q2 2020.Production for the 9M 2020 was 725mtV.• Vanchem remains to track to meet guidance of 960-1,100mtV and cash costs of US$18.40-19.0/kgV.• Bushveld Energy: Bushveld has formed a special purpose vehicle to work with Invinity Energy Systems namedVanadium Electrolyte Rental Limited VERL which has signed a contract for electrolyte rental with Pivot Power,part of EDF Renewables.• VERL will hold, and rent to Pivot for a period of ten years, the electrolyte in Pivot Power's new Oxford 5MW VRFBbattery.Invinity Energy Systems (BMN holds 8.71% in Invinity) report a significant number of new continues to reportnew VRFB projects. Bushveld have a first right of refusal to supply into Invinity. Invinity's latest 8MW projectshould use around 40-44t of vanadium in electrolyte representing significant additional demand.• Vanadium market: China continues to import vanadium with local producers working at full capacity though thelocal premium has reduced.• We expect vanadium imports to rise from here and for this to lift local and global vanadium prices• Iron ore and steel prices continue to rise in China indicating that local stimulus and other infrastructure programscontinue to drive strong demand growth for structural steel.Conclusion: Bushveld continues to perform well despite challenges in South Africa. Reports of new VRFB batteryorders by Invinity Energy Systems indicates substantial new demand for vanadium to come through new grid-scalebattery instillations next year. This new demand looks likely to tighten the supply / demand balance with potential tosignificantly raise vanadium prices from here.

[dontay] 24/11/2020 11:17

And that timescale depends on if the seller is still GS who seem to have now sold many millions more than they reportedly held, or YD who directly held 34million last month and now approx down to below 28million at the start of this month ... plus they are the beneficial holders of another 70 million plus in their Orange Trust. The recent multi- million sales could also be theirs not GS shares. We should find out a couple of weeks into December if they are the ones who have taken over the sellers baton!In the meantime the uncertainty of that and the absence of any other 'big time' news will keep downward pressure on the share price despite the all the rumpy pumps and ramping.Which is currently fine for slow but sure stake builders like me until that 'big time' news drops in. As it eventually will!

[plat hunter] 24/11/2020 11:15

Agree JC..it can last for years.I commented a just a few months ago that I expect it to go sideways until YE2021.Lots of opportunities for 15-20% along the way. Build myself a little nest egg of free shares

[parob] 24/11/2020 10:44

We are in for one hell of a rerate once the seller clears. BMN's holding in Invinity is now worth £12.4M!

[jc2706] 24/11/2020 10:38

True. But I have seen basing last for a very long time!

[plat hunter] 24/11/2020 10:16

Sales are happily getting soaked up though.. If we look at the 5 hour candle chart, just look at how many bars sit above the 12p line.Quite a base it's building, especially if you extrapolate that 12p line to the weekly candle chart... Almost 8 months at solid support.You know what they say... "Longer the base, the higher in space."

[jc2706] 24/11/2020 09:49

Still seller(s) in the market despite what was on the face of it a decent update.

[littleblew180] 24/11/2020 07:46

The positive from this is seeing numbers from the electrolyte agreement with pivot power for 10 years

[knuttie] 24/11/2020 07:36

I may have timed it well after all. RNS this morning with good Q3 figures & Vanadium price on the up again. We will see at 8am

[knuttie] 23/11/2020 17:40

Cheers, but as ever I sold @ 7.69 & itit went to 7.91. However you rarely , or never in my case, get out at the top.

[nvhltd] 23/11/2020 15:28

No problem. It was a good trade anyway.👍

[knuttie] 23/11/2020 13:51

Let’s agree to disagree on what is morally right or wrong.

[knuttie] 23/11/2020 13:51

Let’s agree to disagree on what is morally right or wrong.

[nvhltd] 23/11/2020 13:39

Knuttie, but why can’t you post ‘negatively217;. By selling Burford and buying BMN rather than holding in cash would suggest that you are more positive on BMN and less positive (negative) on Burford. It’s normal and nothing sinister, but you should be allowed to comment accordingly.

[dontay] 23/11/2020 12:11

Another two big late trades, 1.5 and 2.5 millions from Friday just added.

[jc2706] 23/11/2020 11:47

A football team is a terrible analogy. Football clubs are emotional attachments, investments should not be.

[knuttie] 23/11/2020 11:09

Nvh I am not negative on Burford at all . Quite simply I see news on Bushveld pending in the short term. If we get a good hike in Budhveld I will re enter Burford. However I would not, could not post negatives to try to obtain a lower entree, that sucks.

[dontay] 23/11/2020 10:14

Plat .. the full (recent) monty can be had on asking, just email their IR dept. and they'll send one. Good recent expose from BBN. BMN haven't just greased the pole, they and the SA gov own the actual pole!BMN greased said obligatory palms when they signed up the S.A. Government's investment arm, the IDC.It is they that own 45% of the pending Rongke Power battery coming into Eskom and 45% of the electrolyte plant, that will act as a technology localisation factor.The very scheme that is listed in the tender document, that includes those "socio-economic imperatives," is exactly the same as that, which drove the IDC investment in the partnership with Bushveld Energy back in June 2016.Https://markets.ft.com/data/announce/full?dockey=1323-12850598-4VNTNO6J0COQFHOAMHNGKKASAEQuote at the time ;"Bushveld Energy and the IDC will commission a Feasibility Study to determine the following:1. Assess VRFB viability and costs in the South African market, including studies of the market potential for VRFB Systems in South Africa and Africa, and techno-economic studies for the local manufacturing of vanadium electrolyte and VRFB system manufacturing in South Africa;2. Identify potential local and foreign partnerships in support of the roll-out and local manufacturing of VRFBs""The IDC is South Africa's national development finance institution, wholly-owned by the South African government."The IDC's Christo Fourie, Head of the New Industries Strategic Business Unit, said:"The signing of the Agreement with Bushveld Energy marks an important milestone for the IDC's initiative towards the development of a sustainable Energy Storage Industry for South Africa. The IDC and Bushveld Energy share a common vision for the development of a new industry that will ultimately benefit all South Africans through increased local minerals beneficiation, the creation of jobs across the value chain, the increased availability of power and the overall stimulation of growth in the economy."It was that techno study and partnership, that drove the IDC to chair the very committee (which included all S.A. stakeholders including Eskom and NERSA), that effectively delivered the Eskom BESS project.See here.Https://www.crses.sun.ac.za/files/research/publications/technical-reports/USTDA_Public+Version+1.pdfThe palms couldn't be any more greased because BMN gave the S.A. government 45% from the off.A BMN win means a S.A. government win.Furthermore, not only have the right palms been greased but they have been directed and cajoled into a policy drive, that suits BMN, at a time when BMN didn't even own a mine. In the 5th Oct 2016 RNS update, Fortune Mojapelo had this to say ;"The IDC also has important stakeholder linkages with the South African government, regulators and utilities and other key players that are necessary to provide a catalytic stimulus for the energy storage industry."BMN management might not talk it up very much but they know how S.A. works and what gets things done.

[nvhltd] 23/11/2020 09:59

Knuttie: Why does it annoy you? For the most part posters only share positive and biased information. There’s very little commentary on sells, lost production, missed targets or the Vanadium price when it drops.

I’ve always maintained everyone is free to buy, sell, trade, short, spread bet or any other type of trading. Where you guys let yourselves down is in your unwillingness to allow others to have a different view or strategy without resorting to trolling.

You sold some shares because you saw an opportunity elsewhere. Great. I hope you’ve made a fortune. From what you said in your last post you obviously now see BMN as an opportunity. So from a share price performance point of view and in comparison with BMN you must be negative on Burford and more positive on BMN? All very normal behaviour to me.

I don’t know if you post on Burford, but if you did consistently I assume your posts would be very positive as you bought and held and then become less positive as you sold?

So don’t get upset. It’s okay to be positive one week and negative the next, but still be a supporter. A comparison to supporting a football club is exactly how I see being invested in BMN. I’m a supporter of the club (BMN), but feel constantly let down by the manager, his spending, results, cries of needing more time and position in the relegation zone.

We’ve been in this position for almost 2 years now. Maybe the ‘team’ will ‘click’ in the next few months with some positive ESKOM news? You’ve obviously dumped ‘team Burford’ and renewed your love for ‘team BMN’.

[brucie5] 23/11/2020 09:45

Iron ore demand is booming in China according to the FT, so I would expect there to be positive knock on for BMN, plus the green and other advantages of using vanadium over Niobium. Further to that, as Parsons observes, IES has just discovered its second wind, which will also be an indication of how the VFRB is gaining traction. I continue to think that BMN is preparing for takeoff, and will multibag in due course, but not sure what news in particular may be the catalyst.