Bushveld Minerals Share Discussion Threads

[purchaseatthetop] 15/3/2021 15:33

over on LSE that was described as the "start of the rerate"......perhaps not.

[vauch] 15/3/2021 15:22

Hold your horses a .4% uptick WOW!

[dontay] 15/3/2021 12:07

Compared with last week's vanadium market, volatility is small this week,and inquiry goods enthusiasm is general.The raw material retail manufacturer of V2O5 flake don't want to sell, and the shipment quotation and alloy factory procurement price is not equal, so transaction is stalemated. A small number of transactions in cash of 106,000-106,500 CNY/Ton in V2O5 flake retail market. The alloy factory is more wait and see, and temporarily does not purchase.VN alloy manufacturers face risk of losing money, and there is less shipment quotation in the market, and a few offer is in cash of more than 163,000 CNY/Ton, but the procurement willingness in the market is low at this price, and the enthusiasm of inquiry is poor.Traders are more active recently. The quotation of VN alloy is about 159,000 to 160,000 CNY/Ton in cash, and the actual transaction is 159,000 CNY/Ton in cash.www.ferroalloynet.com

[purchaseatthetop] 15/3/2021 12:04

FYI....FAR produced 237 tonnes of V in the last year. Their plan is to double that over the next two years. BMN produces around 20 times their amount and that will remain constant as our production is planned to nearly double over the same period.
Madness.

[purchaseatthetop] 15/3/2021 09:40

FAR market value now up to £42m. That is for a company producing about a bag of sugar of vanadium per annum. On a weight for weight basis BMN should be nearly £1b.

[robertspc1] 15/3/2021 09:16

Interesting new investment into FAR this morning from Sir Mick Davis new fund - "The strong investment case for vanadium is clear not only from a steel demand perspective, but even more when considering the huge potential for vanadium redox batteries to play an integral role in the establishment of reliable 'base-load' renewable energy?.

[purchaseatthetop] 15/3/2021 06:46

...and also thanks to a post on LSE it appears that Keystone have sold all their 13m shares in late Feb 21 after the change of strategy brought on by the change of fund name and management:

If you add the up to 36m Duferco sales with 13m Keystone sales plus Director sales it makes rather a mess of any share price rise.....maybe this will stop one day. Never mind.

[purchaseatthetop] 15/3/2021 06:33

Very odd price movements. Prices continue to drift slightly in China with the exception of FV 80% China which is up 1.45%.
Europe continues to soar with V Pentoxide 98% up another 2.56% and also a rise of 0.86% for FV 80% in USA.

So....Europe steaming, USA rising, the East is Red.

Actually...just wondering if the endless strength of the V pentoxide 98% flake price in Europe is finally the increasing demand for electrolyte for storage kicking in. Production uses pentoxide power or flake 98%+

[aimbagger] 13/3/2021 20:58

Thanks Dontay, all the best to you too.

[dontay] 13/3/2021 17:24

Hi AIMBagger, wish you well in your MUST investment and hopefully should do well but my portfolio of investments are in main market large companies paying good secure dividends, I'm not a typical AIM market investor. I've found BMN to be a bit different to virtually all other stocks in this swamp, it's been positioning itself for several years to be at the heart and start of a completely new industry in SA ... that's about to take off now and it's potential for growth to become a main market player is the best I've seen for several years ... I also have a small holding in Invinity (IES) due to its California base and the exposure and contracts it's been winning in the American storage energy market, which is going to be as stonkingly huge as the African market is, and thats sufficient exposure to AIM for me thanks.

[aimbagger] 13/3/2021 16:53

Thanks nvhltd, will be interesting to see how this unfolds.

[nvhltd] 13/3/2021 16:35

Aimbagger: I don’t believe there is enough information to make an informed decision. Enerox’s previous parent company is bust. Enerox themselves needed working capital during the buying process to continue trading. As a private company now owned by the a consortium including BMN has not released any news regarding sales other than to supply Vametco with VRFB’s for the minigrid project. No financial figures have been released.

It was the stated intention from BMN to support VRFB manufacturers rather than be direct wholly owned entities. BMN have also stated that they are looking to bring and be involved with the assembly or manufacture of VRFB’s in South Africa.

So I think something is happening or will happen to float Enerox and bring in capital to expand their operation and the Mustang link could be credible. Either way the combined public company will need to raise significant funds to progress.

[aimbagger] 13/3/2021 14:10

Thanks Dontay, a great read! Are you looking to invest in MUST as a result of this? Curious to know what BMN holders make of the investment case. The Mcap at present is just £2.5M and from what I’ve read so far it’s offering a huge opportunity if the RTO of Erenox comes off. Just over 10M shares in issue and the free float is less than 10%!

[nvhltd] 13/3/2021 13:07

Exactly. Thanks

[jimboau] 13/3/2021 07:35

Thank you for your response nvhltd.

[saghir786] 13/3/2021 07:20

To question is to learn. I am glad you keep trying to hold this BOD to account.

[jimboau] 12/3/2021 23:11

nvhltd, serious question - why do you hold? Your posts are very informative but you have been scathing of the the company/management?

[nvhltd] 12/3/2021 22:56

Pineapple Power are also a cash shell looking for companies in the energy / battery space, but the Acacia link does lend itself to a possible connection with MUST.

It’s never quite clear who is in the drivers seat with an RTO. Arguably Enerox would be on this occasion. With BMN and others as the current owners I don’t think they are in a desperate position so can choose the ideal shell to serve the purpose of going public. If Enerox were in dire straights I would suggest the shell company would hold all the aces.

I guess both companies need to see benefits to the deal.

It does seem pretty nailed on that the consortium want to take Enerox public and raise funds to expand.

[dontay] 12/3/2021 22:45

Yer welcome AIMBagger, be warned it's a very complex subject, but some good reading here to get you started!Https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428

[aimbagger] 12/3/2021 22:20

Thanks Dontay, appreciate you taking the time to provide info, got some weekend reading to do!

[dontay] 12/3/2021 22:18

Everything about Enerox, including the ownership chain, is shrouded in mystery. We're on a promise from FM that all will become clear soon!Today's MUST news will almost certainly be part of the grand masters plan for Enerox, which (we think) is almost certain to be installed as BE's VRFB manufacturer for the African storage energy industry, which (we hope) is about to be unleashed!Contracts are due to be awarded this month so should know lots more by the end of March.

[aimbagger] 12/3/2021 21:53

Exciting stuff, cheers guys. Any ideas on the value of Enerox?