Bushveld Minerals Share Discussion Threads

[nvhltd] 01/12/2020 11:47

It seems reality and pragmatism has finally hit home for Fortune. Considering the argument that steel demand and energy storage provides a great hedge against Vanadium price fluctuations he doesn’t sound too optimistic in his LinkedIn post today. Especially considering we are, but a few weeks from winning all the ESKOM BESS tender and at an ideal price to demonstrate the LCOS. If we have the best product, low Vanadium prices and most South African content why wouldn’t we win each and every package? Generally speaking if we are the best solution for one package then we must be the best for all of them if each package is evaluated and considered separately.

We’ve waited 5 years for these announcements, but it sounds to me like he is preparing for bad news.

The pricing environment couldn’t be more perfect to demonstrate and win the ESKOM tenders. What’s amazes me is the total lack of project sales from BE over the past couple of years. AVL are showing Mikhail up. At least they have made a few sales.

I said in my post a few days ago that he sounded downbeat and pragmatic and today he had used the very same words.


Fortune: “As I reflect in the interview, the current vanadium price environment requires us to re-evaluate our thesis for the vanadium market, for our assets and for our strategy. And having done that, if our convictions are strengthened, as they are today, we must add to that conviction courage (even if mixed with some pragmatism) to follow through with our strategy”.

[zwift] 30/11/2020 11:31

Sounds like good advice

[plat hunter] 30/11/2020 11:21

I think that applies to all miners to be honest zwift.I generally take the low end of guidance and then take another 10% off If it's still cheap after that then it's a buy.

[zwift] 30/11/2020 10:47

Mau,
The production isn’t here now,Its just a forecast, BMN do have a habit of under performing and missing deadlines and forecasts.
We should get a TR1 RNS soon regarding the number of shares Duferco has got, Im hoping this will provide a nice buying opportunity.
I am shocked that the share price is still this low, even after the last couple of RNSs
and what with Invinity doing well

[plat hunter] 30/11/2020 09:00

Cmon bushy

[mauricegarin1] 30/11/2020 08:34

So more production coming on quicker at Vanchem 🤩👍 that will shut sparky up for half an hour😆㊋5;

[mauricegarin1] 29/11/2020 13:53

On the Crux interview Great balanced detailed response written by BBN, shame Stu the electrician can’t take a leaf out of his book but they’re again would anyone ever expect any different 🤔😊

[plat hunter] 29/11/2020 13:50

NVHRingfencing.... Do you think fortune has been following my posts lol

[nvhltd] 29/11/2020 12:25

It sounded to me like Fortune was admitting that the vertical integration story / structure wasn’t working from a share price performance point of view particularly as we are seen as only a boring dirty miner in the value chain.

I think he is suggesting that BE / Enerox / BEL co / VERL (Bundled together) are going to be floated with BMN taking a stake and contracts for supply of Vanadium put in place akin to the existing deals with Invinity and Enerox.

It might be for the best, but would represent a failure of the ‘integration’ story peddled for so many years.

He has gone from being optimistic about Vanadium demand to more pragmatic. If the ramp up profile going forward is a very conservative 3 to 5 year program that tells me he also sees VRFB take up to be very slow too. Based on their ramp up and electrolyte plant timelines you have to conclude he is not confident of winning anything considerable from the ESKOM BESS, but I’m hoping I’m wrong because the BESS represents our last shot of a short term share price rerate before this becomes a ‘bottom draw’ share more dependent on another Vanadium price spike for appreciation or dividends.

[goodgrief] 28/11/2020 17:04

"Fortune sounded quite downbeat"Fortune always sounds monotone!

[nvhltd] 28/11/2020 17:01

Matt missed the opportunity to nail him down on various issues.

1) When is the minigrid coming online?
2) If there is a structural deficit in the Vanadium market now and demand expected to grow further with VRFB deployments in South Africa why is it going to take 3 to 5 years to reach 8,400 mtv per annum?
3) If he is confident about winning various parts of the ESKOM tender and supplying electrolyte to Invinity and Enerox why aren’t we expediting production expansion?
4) He asked nothing about the electrolyte plant, the shortfall in capacity if we win the ESKOM tenders and timeline differentials between when the electrolyte is needed and the ability of the plant to supply. The fact that we aren’t moving faster on production increases, delayed on the electrolyte plant and only starting with 200MWh of electrolyte production isn’t inspiring confidence.
5) We’re no clearer about the ESKOM test VRFB debacle. Covid is an excuse. How hard is it to move one small shipping container and plug it in?

Fortune sounded quite downbeat. Everything has shifted to the medium to long term outlook and vanadium price recovery.

There’s supposed to be a structural deficit and yet prices remain depressed.

Meanwhile we struggle to even get close to the phase 2 expansion numbers.

[dontay] 28/11/2020 15:28

Great Crux interview between Matt and BMN CEO, loads of chat about IES.Https://www.youtube.com/watch?v=fX4pIRRzB9QMatt tweets ... Solid operating team. Story building nicely. Just waiting for #vanadium prices to recover. And vanadium batteries technology, VRFB is on its way...We debate about timing and take up.

[dontay] 27/11/2020 14:41

ABOUT AFRI DEVO ENERGY STORAGE, Sisi ni Nani ("Who we Are")ADES is a subsidiary of Afri-Devo Energy which is actively involved in the energy sector and most specifically renewable (Solar) through Ample Solar. Ample solar has pipeline of 550 MW under development in South Africa. Afri-Devo Energy is also involved in the EPC ("Engineering Procurement and Construction") sector and we are offering Management Services to TSK and GRS for construction of Greefspan Solar PV farm (75 MW) in Douglas within the Northern Cape province of South Africa.ADES have designed, supplied and installed a battery for Eskom's demonstration and testing facility in Rosherville. Our battery has been tested for approximately four (4) years and has received the completion acceptance certificate. On the other hand, we have worked closely with Eskom during the maintenance and operations period thereby ensuring that the battery operates smoothly and to its fullest capacity.ADES is so far the only local company to have received the Battery Energy Storage system ("BESS") certificate from the largest utility in Africa. Eskom will be deploying the largest BESS project in the continent and ADES is well positioned to once again be of a lending hand to the utility.ADES has the capacity to Design Supply and Install ("DSI") as well as provide the Operations and Maintenance ("O&M") services to any utility that would need our assistance. We can also provide the EPC capacity in the construction of a solar PV farm. We have the requisite expertise and experience in ensuring the delivery of projects and mitigating community issues that normally arise in the construction industry.Our local presence and in-depth understanding of social, political and economic dynamics of South Africa and the continent place us as the ideal partner in the smooth delivery of construction related projects. The ADES is Level 1 Broad Based Black Economic Empowerment (BBBEE) and the team has a combination of experience in the delivery of the following:EPC & O&M in the delivery of Eskom's Battery Energy Storage for demonstration purposes;EPC Management Services for Greefspan II Solar Farm and the ongoing involvement in the O&M services for 5 (Five) yearsProject Development and Management in the Renewable and Mining IndustryBulk Earthworks and Civil Works in the Renewable and Mining IndustryElectrical Reticulation in the both the Residential and Commercial sectorProperty Development in both the Commercial and Residential sector;Construction of Health facilitiesCompetence in SHEQ and the delivery of projects under Covid-19 regulationsHttps://www.afridevoes.co.za/about-us/26-about-us.html

[zwift] 27/11/2020 11:17

Thanks Plat

I do have stockopedia and agree the screens and stock lists are good

I will give investing.com ago

Thanks

[plat hunter] 27/11/2020 11:09

I don't use level 2 Zwift.Charts...I use investing.com, easy and free. The money I save on Level two however I use on a premium stockopedia subscription.Fantastic for screening, comparing and back testing stocks, if you've never used it, i strongly recommend the free trial.

[zwift] 27/11/2020 10:20

Plat
What charting and level 2 platform do you use/recommend

Thanks

[zwift] 27/11/2020 10:11

Nice one Plat
“Against all Odds” we might get to 13P

[plat hunter] 27/11/2020 10:04

"Ooohhh think twice.. It's just another day for Bushveld at 12p for price"I wonder if Phil Collins minds?

[dontay] 26/11/2020 18:33

Bushveld Minerals' Vanadium Output Crosses 1BtSouth Africa-based Bushveld Minerals registered a 31% increase in group production of vanadium in third quarter to 1.02Bt, compared with 778Mt in Q2, thanks to the lifting of Covid-19 induced lockdown restrictions across the country. The company is planning to advance its expansion plans as the economy recovers from the pandemic and operations resume. ferroalloynet 26 Nov, 2020

[dontay] 25/11/2020 14:32

GEORGE TOWN, Cayman Islands, Nov. 25, 2020 /CNW/ - Vox Royalty Corp. (TSXV: VOX) ("Vox" or the "Company") is pleased to announce that it has entered into a binding agreement with Sable Metals and Minerals Pty Ltd ("Sable") pursuant to which Vox will acquire a royalty over a portion of Bushveld Minerals Limited's ("Bushveld") (LSE: BMN) Brits Vanadium Project ("Brits") for total consideration of US$2,000,000. Bushveld is one of the leading vanadium producers with some of the highest primary vanadium grades globally across its three mines. Vox will pay upfront US$500,000 in cash and US$250,000 in Vox shares (the "Transaction"). Two further milestone payments are payable, in cash or Vox shares, at the Company's election, once certain production tonnage milestones are achieved; US$1,000,000 once 210,000t have been mined over a continuous six-month period and a further US$250,000 once 1,500,000t have been mined over a rolling 3-year time horizon. The Transaction remains conditional upon customary approval by the TSX Venture Exchange and the Financial Surveillance Department of the South African Reserve Bank.Riaan Esterhuizen, Executive Vice President (Australia) stated: "Vox is excited to add this world-class, near-term production asset to its growing royalty portfolio. With the Brits resource being located immediately adjacent to the Vametco Mine, we expect that any future development will require minimal capital expenditure with Brits a ready ore source for Bushveld's significant production growth plans. We look forward to further updates from Bushveld as they progress the Vametco and Vanchem ramp-up projects; both of which could act as a catalyst to the commencement of production from the Brits property. We thank Sable and Bushveld for their efforts during the transaction."Long read.....Https://www.newswire.ca/news-releases/vox-to-acquire-near-term-development-vanadium-royalty-on-bushveld-minerals-brits-project-845228603.html

[dontay] 25/11/2020 13:56

Matt tweet:Matt Gordon | CRUX Investor@CruxInvestorGreat chat just now with Fortune Mojapelo @BushveldMin_Ltd Solid operating team. Story building nicely. Just waiting for #vanadium prices to recover. And vanadium batteries technology, VRFB or other, is on its way. We debate about timing and take up.Video of interview should be out sometime next week.

[dontay] 25/11/2020 12:06

Yet another huge late one printed! 4.5 million!

[capablanca64] 24/11/2020 14:41

Apparently not