Bushveld Minerals Share Discussion Threads

[nvhltd] 09/12/2020 09:11

Parob: As I said I saw my mistake and apologised. I don’t find it difficult to admit when I have got something wrong.

The points I have made remain valid.

Surely you can see that the points of concern are valid considering what we know?

[nvhltd] 09/12/2020 09:05

Zwift: I’m wondering if she has been forced out because of the flooding issue and lost production? Fortune said they were still investigating the issue that only affected part of the plant and cost several millions to repair.

She hasn’t been there long. She replaced the last guy that was forced to walk the plank.

She has had a couple of years to reach the phase 2 production targets, but never achieved them. Every quarter we expect them to hit the target, but every quarter they report on another issue holding us back.

[parob] 09/12/2020 09:03

Vanadium pentoxide powder 99.5% EXW is up 9.42% in 30 days.

[parob] 09/12/2020 09:02

Incorrect the comment is not from Fortune.Some of you guys are so keen to knock the company you're commenting without looking at the facts.

[nvhltd] 09/12/2020 08:58

Parob: There you go. You have posted a comment from Fortune that isn’t inspiring confidence about the near term opportunities for VRFB’s.

It just seems choreographed to prepare us for bad news. Tempering the excitement of investors like a politician.

I’d love to be wrong of course, but he isn’t inspiring or communicating any confidence.

[parob] 09/12/2020 08:53

Largo CEO comment yesterday:Largo's revenues will continue to be largely driven by sales in the global steel industry and high purity aerospace and chemical markets-but as vanadium demand from global VRFB deployments expands in the coming years, we expect significant growth in the VRFB sector.

[nvhltd] 09/12/2020 08:53

No one is saying they need to go all in, but when Fortune has talked about the VRFB opportunity in South Africa for 5 years you have to be ready to take your chances. If that means investing up front then so be it. No one is going to take a significant chance with them if all Fortune can say is give me the contract and I will build what we have promised. Not when there are huge conglomerates ready to invest and steal your thunder.

We’ve taken 5 years so far with not a single revenue generating project from BE.

Meanwhile Largo go straight in with a VRFB company purchase. The structure is clean and simple to understand. Like Invinity and Enerox they are going to need to throw some money at it, but that’s the point. They have overnight caught up with us in terms of the vertical integration story.

Of course I hope Fortune has everything covered, but for rational investors like me things are not stacking up. I don’t like this ‘trust me, I’ve got everything covered’ narrative, because more often than not they haven’t go it covered and the excuses will start flying if we lose out.

As I say our production is pretty much stagnant until 2022 according to Fortune. We sell what we can produce to existing clients. So if we win any of the ESKOM BESS or any other VRFB related contracts all we can do is divert product from one customer to another. We can’t add value by producing electrolyte until a July 2022 at the earliest. In fact it will probably cost us more to ship the Vanadium to a third party electrolyte company to process rather than sell it to existing steel companies.

So we don’t produce enough Vanadium to fully take advantage of the ESKOM BESS, Invinity, Enerox, other South African projects that we know are in the pipeline now.

We can’t produce electrolyte for another 18 months.

We don’t benefit from the full VRFB sales.

We’ve never been involved with any projects of this kind.

We don’t have the financial muscle to qualify for projects on our own.

So when Mikhail gets excited about all the revenue generated opportunities from a single VRFB project it has to be caveated and scrutinised for the opportunities here and now. His vision is still a dream and aspiration several years away.

When you look at it from a business case point of view BMN / Be are just not ready.

However, as I’ve said many times we can hope that corruption is still alive and well and we benefit from it.

[parob] 09/12/2020 08:21

Why don't you have a look for yourself.hTTp://www.asianmetal.com/VanadiumPrice/Vanadium.htmlAll up or flat. None down.

[zwift] 09/12/2020 08:18

Im betting all other forms of V are level or down
Other wise you would have mentioned it

[jc2706] 09/12/2020 07:52

I would hope that Fortune would NOT scale up BE until they had won some contracts. Just wasted capital spend if these investments were made and the contracts did not materialise.

[parob] 09/12/2020 06:36

Vanadium Pentoxide Flake 98% ChinaUp 2.11% in 24 hours! hTTp://www.asianmetal.com/VanadiumPrice/Vanadium.html

[zwift] 08/12/2020 23:40

BMNs COO Birtina Symonds has resigned, not sure if this is good or bad any thought?
I have to agree with NVH regarding the first round of tenders, we don’t Seem to have anything in place, e.g. enough V production, electrolyte Plant, battery partner, installation and maintenance teams etc.

Everything would have to be sub contracted out , possible to foreign skilled workers, that means we won’t have much “local content“, as per the tender document, apart from Vanadium of course. I don't think ESKOM will trust BMN to deliver, especially after the previous VRFB test failure.
I think the Afri Devo energy tender, will win the first bid, they have an approved Lithium battery partner and a very skilled workforce that are already operating in the green energy space, consequently they would have more “local content”.
I would be surprised if Fortune managed to pull something out of the hat, or may be put something in a brown envelope

ATB Zwift

[nvhltd] 08/12/2020 21:01

Let’s hope so Alex. It just goes to show it’s all in Fortune’s hands if Largo are up as much as they are when we mine and sell the same product and sell at the same prices.

It shows what a good CEO with a simple message can do despite the suppressed Vanadium price.

[parob] 08/12/2020 20:39

Yes looks like we're in for a good day tomorrow. LGO is still rising! They're certainly helping to get the VRFB / clean energy message out there.

[mauricegarin1] 08/12/2020 19:57

It’s coming are way parob and Stu and his chums can’t do anything about it 😂😂👍

[parob] 08/12/2020 19:51

Wow LGO is up 31.5% now!

[mauricegarin1] 08/12/2020 18:50

Parob and remember there’s a lot more upside for shareprice wise just to play catch up😊 should be a couple of interesting weeks ahead I think.

[parob] 08/12/2020 18:27

LGO now up 18%! Looking forward to the knock on effect here.

[mauricegarin1] 08/12/2020 18:04

Market makers Jc

[jc2706] 08/12/2020 17:39

"the game is over for the manipulation and they’ve realised that now"

Whilst I believe that a rise is due I confess that I don't really know what this means! Who are "they"?

[parob] 08/12/2020 16:02

LGO now up 14%!!

[mauricegarin1] 08/12/2020 16:01

Parob if we were valued in same way as largo we would be 29p now

[parob] 08/12/2020 15:46

Ferro Vanadium 80% Price USD / kgEurope : US$24.25/kg ?(+1.25%)Dec 8, 2020LGO - Up 10.5% (Launch of Largo Clean Energy creates an industry-leading, vertically integrated vanadium redox flow battery ("VRFB") business to provide clean energy storage systems to the fast-growing, long-duration renewable energy storage market)Only a matter of time until BMN re-rates.