Bushveld Minerals Share Discussion Threads

[jc2706] 27/1/2021 07:32

Interesting that you should choose $30 in China as that seems to be the one level that FeV prices ARE higher than (and have been all this year so far) based on the information that is freely available. Do you have alternative information? If not, why make this statement?

[nvhltd] 26/1/2021 18:29

I agree with Dontay. The steel side of BMN is steady, but more dependant on external factors like the Vanadium price. Production is stagnant with any growth planned over 3 to 5 years.

We are at the mercy of ESKOM for any short term growth.

Despite the daily prices rises we are still sub $30 in China.

Terry Perles has been banging the structural deficit drum for years, but so far it hasn’t reflected in the Vanadium price.

[mauricegarin1] 26/1/2021 17:18

Remember all the semi retired electrician with liquidated businesses knows best!!! 😆😆

[mauricegarin1] 26/1/2021 17:14

He’s So predictable, yawn

[dontay] 26/1/2021 16:57

It's the uncertainty over getting anything out of the Eksom tenders that is outweighing the rise in V. Markets don't like uncertainty! Shorts will be betting on nothing ... and longs will be betting on something. Some you win some you lose! No guarantees of anything. Also the V rise is not that big a jump from where it's been dragging its knuckles along the floor for most of the last year. It's been so low for so long ... it's got some sustained making up to do!In any-case BMN earnings are a month behind the recent V rise due to shipping distances. So not much advantage out of the recent rise will show through just yet2020 Q4/end of term result due sometime soon but with prices being so low ... no reason to suspect it will make for exciting reading.It's only contract wins that will bring about sentiment change, imo.Some you win, some you or lose ... and if they cannot win on their home ground ... longs lose big time. Hence the shorts case for a gamble!

[vauch] 26/1/2021 16:00

Looks like V price will be on a sharp move up as the share price on ours keeps falling.
I wish this co would get off AIM asap

[nvhltd] 26/1/2021 15:52

It was also stated we will see significant supply of Vanadium in the future from catalyst plants. He mentioned the new plant coming online in Jizan in Saudi.

[nvhltd] 26/1/2021 15:49

It was very China centric from a VRFB point of view. Terry Perles was more focused on rebar and steel.

The CO2 footprint was only positive for us when coupled to wind and solar. For grid application we fell way behind lithium.

Despite the headline claims for the future. They stated that VRFB’s only have 1% of the market and the Rongke guy said that if they reached their 3 phase expansion plan they would be producing giga watts of production. However, because of the slow uptake of VRFB’s they aren’t even going for the second phase expansion yet.

Yet again the amount of commercial global projects of any significance can be counted on 2 hands. That’s global. The speed and number of VRFB project’s around the globe are pitiful given the number of players and claimed superiority over lithium.

Although difficult to understand the Chinese speakers they were questioned why the take up was so slow.

[purchaseatthetop] 26/1/2021 15:10

Its 100% clear to me that there must have been two different meetings!!!

[gah123] 26/1/2021 15:05

From another board:Vanitec meeting was very worthwhile. Terry Perles suggested 5000t gap between consumption and production purely based on rebar demand, VRFB not factored in, for 2021. Lots of detail on how he got 5his conclusion.Rongke Power and VRB energy also very interesting throwing systems up in China and ROW.Should be up on Vanitec website later and well worth a couple of hours to watch, except the marketing bit.Main takes form me:Prices coming down dramatically. V deficit. Co2 foot print vastly below Lion systems.

[jc2706] 26/1/2021 14:59

I take it that you loved every minute of it then nvhltd!

[nvhltd] 26/1/2021 14:47

Well that Vanitec meeting was rather depressing.

Rongke saying that they aren’t pushing forward with their production expansion plans yet because demand and take up of VRFB’s is so slow.

Vanadium from catalyst in Saudi and other oil production companies will be significant. I suggest this will be one of the places Schmid will get their Vanadium from. Terry Perles said the cost from this type of operation wasn’t significant.

The potential deficit this year in the steel market is no more than 5,000 mtv.

And the guy that is researching co2 emissions said we are only competitive against lithium when we connect to solar and wind. In grid scale we add more co2 than lithium

All in all a rather somber assessment.

There was no one really focused on VRFB’s outside of China.

[jc2706] 26/1/2021 07:17

Ok. It's just an analyst forecast. Useful to see but I wouldn't put too much faith in it or the financial forecasts associated with it other than as a guide.

[purchaseatthetop] 26/1/2021 06:15

V Pentoxide 92% prices up by 1.9% CIF China
Little movement today in other categories. No falls.

[purchaseatthetop] 25/1/2021 20:09

Figure 10 page 14 ARC analysts report on BMN site:



Hope that helps.

[jc2706] 25/1/2021 18:00

Whose forecasts?

[purchaseatthetop] 25/1/2021 15:34

coldspring....the V price is still presently below the 2021 financial forecasts that are based on $32.25 (we are presently at around $28). We have not yet got to the figure required.
Therefore there is uncertainty and discounted valued.
IMO we will be at $32.25 within 3 weeks.
It is simple uncertainty and no news yet.
Patience and buy more if you can IMO only

[coldspring] 25/1/2021 13:28

The share price simply cannot keep treading water whilst the V price is up on an almost daily basis.Bring on some news about the VRFBs and let us get this show on the road.

[dontay] 25/1/2021 10:04

The evaluation of the 28 bids received under South Africa's Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) is anticipated to be concluded by February 2021, the IPP Office has confirmed with Engineering News.The preferred bidders, it adds, will be announced as soon as the recommendations from the evaluation team have been approved by the Department of Mineral Resources and Energy (DMRE).Government is aiming to procure 2 000 MW under the scheme, often referred to as an "emergency" programme and launched in an effort to close a supply/demand gap identified in the Integrated Resource Plan of 2019 (IRP 2019). The projects are expected to involve capital expenditure of some R40-billion.President Cyril Ramaphosa made reference to the programme in his January 24 remarks following the Lekgotla of the African National Congress' national executive committee, when he said that the effectiveness of South Africa's recovery "will depend to a great extent on the scale and pace at which we can bring new electricity generation capacity on line"."The Lekgotla therefore agreed that we should pursue several measures simultaneously, including the procurement of new generation sources in line with the IRP 2019, including renewables, the procurement of emergency power, improving the efficiency of Eskom, and enabling more embedded generation by firms."The IPP Office indicates in a response to emailed questions that the request for proposals (RFP) for the fifth bid window of the Renewable Energy Independent Power Producer Procurement Programme "will be released in the first quarter of this year as announced by the department".Meanwhile, the list of the 28 RMIPPPP bidders was published by the IPP Office after the bid submission deadline of December 22 and includes various proposals to meet the criteria outlined for the emergency programme, including power ships, hybrid renewables and battery solutions and gas to power plants.The submission deadline was initially set for November 24, but was extended at the request of the bidders.Qualifying RMIPPPP projects are expected to achieve full commercial operation by June 2022, be between 50 MW and 450 MW in size and be fully dispatchable between 5:00 in the morning and 21:30 at night."The evaluation will commence once all preparatory work has been concluded, including the appointment of transaction advisers," the IPP Office tells Engineering News.Evaluation, it adds, is conducted by an external, independent team of transaction advisers from various disciplines, including financial, legal, technical, and economic development."The objective of the evaluation is to determine compliance by the bidders with the qualification criteria as set out in the RFP, and to select preferred bidders based on the most competitive price and economic development commitments. An independent governance team consisting of governance advisers will monitor the entire evaluation process to ensure compliance with the policy and legislative requirements in relation to this procurement process."The IPP Office team itself does not participate in the evaluation, and its role is to facilitate, coordinate and manage the evaluation process and clarify any issues that may arise from the evaluation teams.It is anticipated that around 40 to 50 external transaction advisers will be involved in the evaluation process, which will take place "at a secure evaluation centre that complies with set governance and security requirements"."For this evaluation, we have also had to consider Covid-19 implications and specific measures and protocols have been implemented in the evaluation centre to ensure the safety of the evaluation team," the IPP Office tells Engineering News.It is not yet clear how many preferred bidders will be named, but once they are, bidders have four months to achieve financial close, whereafter construction will begin."The preferred bidders are expected to complete the construction of the generation facility within 18 months from the signing of the project agreements. Some of the projects may be more ready than others to operate earlier. There is an incentive for projects to bring power as soon as possible through early energy payment." Https://www.miningweekly.com/article/evaluation-of-emergency-power-bids-by-february-with-renewables-bidding-to-open-in-first-quarter-2021-01-25

[purchaseatthetop] 25/1/2021 06:34

Moring all.....hope you had a good weekend.

"Up up away on my beautiful vanadium balloon" prices RISE faster and across the board:



FV 50% CIF China Rotterdam +2.06%
FV 80% Pitts +1.07%
V Pentoxide 92% China +1.94%
V Pentoxide 98% Rott +1.69%

11 days rises in a row. Speed accelerating. BMN share price has fallen. Methinks something is going to be corrected and that is NOT a fall in V prices.

[purchaseatthetop] 23/1/2021 09:40

San Dieogo now using V battery to help reduce blackouts for local areas. Micro-grids. Very interesting.

Have a look at the FV 80% chart to see where we are going now:



Very soon we will be at $32.25 and that is the forecast price for the BMN 2021 financial plan. All this new demand for V energy storage will just increase that price. We are heading for Fortunes $45 "sweet spot". Sweet for us there is no doubt.

As I noted late this week, I could not believe the price fell below 20p. It was time for me to double my stake and I did. There will be IMO steady gains next week to 24p on Friday and then the trading update. Expect other RNS releases as Fortune favours the bold.

[purchaseatthetop] 22/1/2021 15:09

Cheers Parob....will check it out.
I am expecting a quite large sum from an old pension I am transferring to my SIPP and am looking for good homes for it.
Presently in the frame are: ENET, SAGA and I will have a look at MOS. As you know I love a stock with distressed sellers...that is opportunity.
Appreciated.

[parob] 22/1/2021 13:04

I will add a few more if it drops below 20p again.Purch, if you're interested I've been adding to my MOS holding today following a very positive trading update. A distressed seller has hammered the price providing a great entry IMO. Digital content business, revenues growing, no debt, £1M in the bank and a market cap of just £2.8M! Check out their streams platform/SaaS business model. DYOR and all that if you take a look. Hoping it's my next ITX or AGL! It's another under the radar stock at the moment but not for much longer imo.

[purchaseatthetop] 22/1/2021 09:05

gah123....I topped up yesterday at 19.93p. IMO we should see steady and slow rises up to around 23 or 24p end next week. There is only so long that the price of V rises but the price of BMN share stays the same or drifts. I hope.