Bushveld Minerals Share Discussion Threads

[nvhltd] 22/6/2022 19:42

Here you go Alexander.

Then from the Vanchem announcement RNS dated 1/5/2019 we have this paragraph:

“The Transaction is consistent with Bushveld Minerals' stated strategy of acquiring existing, low-cost, scalable brownfield operating assets in South Africa to expedite development of the Company's significant and high-grade resource base. Furthermore, the Transaction sets the Company on the path to achieve a production capacity of 10,000 mtV per annum while being one of the lowest cost producers”.

[mauricegarin1] 22/6/2022 19:38

So again which RNS says 10000mtv guidance? It’s not difficult Stuart

[mrblueface] 22/6/2022 19:28

PMSL you novice

[whoknew1234] 22/6/2022 19:09

Time to sell I think yeh?

[nvhltd] 22/6/2022 18:35

Hi Alexander,

There’s plenty to choose from. In some they were stating that the target for Vametco was beyond 5,000 mtv.

Like this one dated 26/3/18: $22.2 Equity Placing RNS.

“Support Bushveld's vanadium expansion programme: Expansion of the vanadium reserves and resources at the Vametco mine and Brits Project for future production and support Vametco's expansion plans to increase production to more than 5,000mtV and beyond (US$5.6m) (£4.0 million)“.

Or this one dated 27/4/18:

“We are pleased with the strong performance at Vametco over this period, which was underpinned by the completion of the first phase of the expansion project. Phase two of the expansion plan is well underway and on track, which, once complete, will enable Vametco to achieve a production capacity of 3,750 mtV and further lower production costs. Plans for commencing Phase three are progressing to schedule. The results of the Vametco expansion project to position us to achieve a production capacity of 5,000 mtV by 2019 are coming through positively, and our previously stated 2018 guidance remains unchanged.

"We remain focussed on delivering on this important aspect of our strategy, which will allow us to take advantage of current higher prices, along with supporting our electrolyte and FeV production aspirations. The plans being implemented will undoubtedly further enhance our competitive position in this structurally challenged market whilst our integrated platform will allow us to develop downstream operations and product diversification."

Or this one dated 28/6/18. A classic and the 4 year anniversary is only 6 days away: “Completion of Phase 2”: All done for $2.5 million.

"The completion of Phase Two of the expansion plan is an important milestone on the Company's journey to a 5,000 mtV per annum production capacity and beyond. The fact that this has been done in time and within budget is testament to the discipline of the management team which we applaud. We look forward to the commencement of phase three as we seek to maximise throughput of this flagship asset."


Then from the Vanchem announcement RNS dated 1/5/2019 we have this paragraph:

“The Transaction is consistent with Bushveld Minerals' stated strategy of acquiring existing, low-cost, scalable brownfield operating assets in South Africa to expedite development of the Company's significant and high-grade resource base. Furthermore, the Transaction sets the Company on the path to achieve a production capacity of 10,000 mtV per annum while being one of the lowest cost producers”.

You could also look at the company presentation on the website from May 2019 we get these classic statements.

Page 5: “The Group is targeting a production nameplate capacity of 10,000 mtVp.a. in the medium term“. Mentioned again on page 9

And in relation to VRFB installations also page 5: “Targeting 1,000 MWh opportunities by 2020“.

Anything else you can’t remember or choose not to let me know. It’s not difficult to find.

[whoknew1234] 22/6/2022 16:47

When you get the math sorted I might take you seriously. Pmsl

[mrblueface] 22/6/2022 16:42

Everyone knows apart from you - whoknew PMSL. You have a lot to learn, will enjoy laughing at you when this plummets to 1p :D

[whoknew1234] 22/6/2022 16:34

From lseEXCELLENT ESKOM BESS NEWSToday 16:17Eskom have signed BESS contracts worth roughly £600m with Hyosung and Pinggao...https://www.engineeringnews.co.za/article/eskom-signs-battery-contracts-worth-a-combined-r11bn-with-pinggao-and-hyosung-2022-06-22... and Hyosung are a big fan of VRFBs ... ... and have actually signed a MoU with Invinity ...https://invinity.com/battery-evaluation-concludes-succesfully-partnership-initiated-with-hyosung/Which means that demand for vanadium within South Africa will absolutely like never before. If BMN are then selling all / most of their vanadium to those on their doorstep the costs of selling will be much lower which will mean their bottom line is much better ! This is transformative ! : )

[mauricegarin1] 22/6/2022 16:33

So Stu T I’m still waiting for the RNS that says production guidance 10000 MTV ? Come on you should be able to back up your claims ?

[megaman2] 22/6/2022 15:47

Apparently the share price is the shorters and MMS fault the old chestnut and standard Reply when reality sets in ...


If your so confident of the big news maurice why the big secret ??

I mean you know how it looks the other way ...look at blue face calling for a delisting because he has the inside track in South Africa ???

[whoknew1234] 22/6/2022 15:30

Our math wizard is back. He'll be saying 1p is less than £1 soon

[mrblueface] 22/6/2022 15:29

Stop ramping PMSL, 1p is fair valuation before DELISTING

[mauricegarin1] 22/6/2022 15:08

Not really got much to say to you except which RNS gave a production guidance of 10000 mtv? #twistthetruth anyway your opinion isn’t really relevant - what is relevant is the news about to drop within the next week- take cover :)

[whoknew1234] 22/6/2022 15:06

They are down 6% too so maybe not

[whoknew1234] 22/6/2022 14:50

Time to sell?

[purchaseatthetop] 22/6/2022 14:47

Largo made the right decision building a new facility. BMN will spend more and still have a broken rust bucket.

[nvhltd] 22/6/2022 14:39

Here we go again. Afternoon Mr Alexander.

I post and you troll me. I don’t post and you troll me. The only troll here is yourself.

Back to BMN. What do you think about the growth forecast being cut to 8,000 mtv and will cost a further $151 million on top of the $44 million from Orion or the fact that production growth is capped at 5,400 mtv for the foreseeable future?

What’s your thoughts on Vametco production beings capped at below the successful phase 2 expansion?

Do you actually have any thoughts or arguments to articulate about today’s RNS or are you here just to troll me? Either way it doesn’t change the facts yet again that the company’s growth strategy lies in tatters.

We only have BE to bail us out. Otherwise this is going to be one boring company always on the brink of disaster because we are a one trick pony.

[gah123] 22/6/2022 14:37

Wrong the US pricehttps://twitter.com/Paul39078971/status/1539589078705995776?t=_JcxM1VF0n1UyaePHEqE5w&s=19

[plat hunter] 22/6/2022 14:35

If you want to know what direction V is going to go then you should be following the Iron Ore Price.

[whoknew1234] 22/6/2022 14:32

Still holding then! Stay strong fella

[plat hunter] 22/6/2022 14:31

Why are you even here, surely by now you wish you wasn't?

[nvhltd] 22/6/2022 14:30

Gah: what is your point?

The share price is 6.7p. That’s all you need to know because it reflects the situation.

Lowish Vanadium price, volatility, macro global events (Covid, logistical problems, inflation, recession, war) and the spectacular failure of Fortune and Mikhail to deliver.

How anyone can view today’s RNS positively just shows how deluded they are.

Every time they release news it gets worse. You might be deluded enough to keep making excuses for their failure, but I can guarantee you’re not really sitting there thinking the RNS was good.

One of the first lines sets the scene for the dire state the company is in with their growth plans. Forecasted production after another $151 million is spent will be capped at 8,000 mtv. Not 10,000 mtv or even 8,400 mtv. Another 400 mtv wiped out without explanation.

Then there is the timeframes to get there. Add up the various stage timelines and we are talking another 7.5 years to get to that 8,000 mtv production figure. That will be roughly 10 years after Vametco was due to deliver 5,000 mtv pa.

Then there is Vametco itself. The next phase of growth will cost a further $28.2 million and will deliver less than the successful phase 2 expansion. Only 18 months ago they borrowed and earmarked $24 million to take Vametco to 4,200 mtv. They’re not even talking about that now which suggests 2 things. Either they were lying or naively thinking Vametco could deliver 5,000 mtv by 2019 or the plant is deteriorating rapidly and is no longer capable of further expansion.

You may see things through rose tinted glasses, but the market doesn’t. We got Vametco and vanchem because the previous owners knew they were tired plants that weren’t worth wasting money on and they have been proven right. They are only worth what someone is prepared to pay for them.