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Member Info for RichKen


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Member Since: Fri, 28th Apr 2017

Number of Share Chat Posts (all time): 1,323
Number of Share Chat Posts (last 30 days): 97

Last Posted: Today 12:51


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Today 12:51

This also opens up another question. Glencore's of-take agreement is due to come to an end soon. This would mean they would have to buy at either higher prices from Largo or other sources or expand their other assets.

One way they could secure their future would be whilst the vanadium price is lower, they may try to take a controlling stake in Largo with a take over over. No would be the time to execute such a taking before the vanadium market really takes off. Maybe they have been behind the vanadium price drops?
Today 10:17

Updated again:
Just a summary to see the picture.

Q4 - 2017 - All together 22nd January - Vametco - 631 mtV

2018

Q1 - Lemur Holdings - 5th April
Q1 - Bushveld Energy - 11th April
Q1 - Bushveld Vametco - 27th April - 731 mtV

Q2 - Lemur Holdings - 4th July
Q2 - Bushveld Energy - 11th July
Q2 - Bushveld Vametco - 22nd August - 629 mtV

Q3 - Lemur Holdings - 17th October
Q3 - Bushveld Energy - 29th November
Q3 - Bushveld Vametco - 9th November - 537 mtV

Q4 - Bushveld Vametco - 30th January 2019 - 657 mtV
Q4 - Lemur - 13th February 2019
Q4 - Bushveld Energy – 27th March 2019

Total production for 2018 - 2554 mtV

Strong EBITA up 349% year on year to $107.5 million.

2019

Q1 – Lemur - 10th April 2019 - Project on target and signed PPF $1m funding from DBSA. BFS is completed by Sinohydro. EPC contract negotiations underway. SEIA due in Q2. Very positive update! BMN is delivering a huge project!
Q1 – Bushveld Vametco – Including latest production update and resource info - on the grapevine from the shipping data to the US this looks very promising! Could this come this week?
Q1 – Bushveld Energy

Other news due soon:

- 2018 Full Accounts
- Bushveld Minerals Dividend Policy and possibly a token dividend in 2019
- News on Vametco upgrade and full 2019 production targets
- Second Brownfield Site purchase to increase production outputs
- Brits Mine plans for the future
- JSE Listing end of Q2 or the beginning of Q3
- Mokopane Mining License
- News on Bushveld Energy commencing the electrolyte and VRFB assembly plant

Bushveld is committed to increasing the vanadium mining output to 10,000 mtV in the medium term
Bushveld is building the Electrolyte plant to produce an initial output of 200 MWh of electrolyte and expandable to 1000 MWh
Lemur on track to deliver a mine and power project in Madagascar and create over 1000 jobs benefiting the economy in a major way.

Pressure has returned on global vanadium demand and prices are starting to rise again which means our profits are going to be increasing again too in Q2.

So you can see clearly there is much to raise interest and all the substance needed going forward to raise our stock price considerably towards our broker targets.
Today 10:00

The business fundamentals have never looked so strong and the way this company structure is set out, the upside potential is very strong indeed from our current position.

Why?
Bushveld Vametco is mining and selling a prime grade of Vanadium called Nitrovan 12 or 16 - expected production is around 3000 mtV in 2019.
In the last 3 months the price of vanadium has dropped significantly. However all the signs from market experts point to a rise in vanadium prices through this year. The global requirement for vanadium will become very strong through the year and the supply chain remains limited. Bushveld currently are supplying around 5% of the worlds supply.
Bushveld Minerals have a separate business, Bushveld Energy, who are building a VRFB electrolyte plant which is due to enter full production in the first quarter of 2020. In addition to the electrolyte plant there will be VRFB assembly plant. This market is one new area of energy storage which is set to grow exponentially and Bushveld are set to be one of the key players in this market.

Broker target - from SP Angel based on a $75 per kilo FeV Price 87p

What news is coming up?

- Q1 Vametco update - around the corner - latest production output, current resource update and mine upgrade updates

- Stunning 2018 accounts due which will ensure lazy investors will have a spot light on the income this company is amassing

- Foundations of the Bushveld Energy business from a vision to a reality in one of the most important global opportunities every

- a Vanadium resource ready to be grown which is the envy of the vanadium world - 440 MT of Vanadium containing ore

- a huge deficit in global supply, which will only develop further as the demand projected for vanadium grows from less than 100,000 mtV per year to 300,000 mtV per year by 2024.

- current FeV prices are set to increase dramatically due to increase of vanadium in rebar production and the new demand from VRFB

- Bushveld Minerals has built strength into its future to leverage against high and low vanadium prices to ensure long term growth in revenue

- Bushveld are targeting a large increase in mined capacity from 3000 mtV to 10,000 mtV over the next few years with more upside possible in the years beyond this

- huge opportunity for S.A. investors coming from the JSE joint listing which is coming in Q3 2019 which should have a very positive effect on the stock price

The recent drop in the BMN SP looks to have bottomed out and I am very confident in a years time we will all be saying we should have made better of that buying opportunity from April 2019. Everything is pointing including 3 broker ratings to a significant rise!

Please research this company fully before investing. All new investors need to understand what this company is about.

Everything you need to know is found on these two websites:

http://www.bushveldminerals.com/

https://www.thebushveldperspective.com/start-here
Sat 20:30

Qwerty, one difficulty for Niobium is that there is only one mine in South America and as a long term substitute for vanadium it is very limited. It also has many disadvantages in progressing in the steel mill.
Vanadium will always be the main strengthening additive for steel.
The Chinese government will want the stone coal production process carefully monitored. They are doing more in China to reduce the emissions and reduce smog and carbon than any other country right now. They are working very hard at this.

I am not sure that the vanadium price has been driven down by the Chinese. It did to start with but then the european price seamed to be driving the price down. I wonder which company in Europe controls the vanadium market in Europe. One think for sure it is not BMN. 60% of our materials go to the US market and there is a premium for our Nitrovan 12 and 16 product which many of our dim witted posters today probably have no idea about.

One thing is for sure we are due a very influential Q1 update with much news attached.

Pressure will build very quickly in the coming days and weeks.

Looking forward to the excitement in the weeks ahead.

Pdub - you have been a legend today. If I could have recommended your posts more than once I would have!

Cheers RK
Sat 09:37

Spbhoy - you are welcome to repost one of mine if you wish. Busy day for me today.

Excellent summary again Pdub!
Thu 20:42

Pdub,

Many thanks for your truthful and honest approach and analysis on the up and coming news.

I think after the last two weeks it is very easy to forget that the companies strategy is very much in play and nothing has changed so far in their goals. The achievements in 2018 were outstanding and they did deliver on as much as was achievable in their control. The most critical point in 2018 was to increase ownership of Vametco to the maximum it could within South African mining laws. The fact that things were made even better by a rising vanadium price through 2018 which was accelerated by the change coming in China instigating the requirement to use exact amounts of vanadium in the 3 grades of rebar used in the construction industry. This resulted in China building up quantities of vanadium and the traders increasing prices. The world vanadium price then lifted and followed this uplift. Bushveld Minerals and Largo were able to make the most of this uplift.

This increased revenue which was much higher than anyone ad expected helped the company build a much higher reserve of cash to to be used to grow the business. Some of this news has already been made clear. This includes:
- The Vametco Solar and VRFB IPP Project which will help the company not only demonstrate the technology but reduce productions costs for the next 20 years by at least 8% due to energy savings which amplifies the low-cost production further
- Further plant upgrades which will be made clear in 2019 to increase Bushveld's vanadium production capacity ready for the opening market potential
- Add more funds to the Bushveld Energy Project to produce Vanadium electrolyte and assemble VRFB in what is highly likely to become one of the most important energy revolutions of the early 21st century away from high carbon energy production and give energy availability to parts of the world where it was not economical before. This will help communities develop.
- The company remains very bullish and determined about increasing capacity to 10,000 mtV per year within the next to 3 to 5 years and if they can deliver sooner you can be sure they will.

These incredible opportunities will deliver a future for Africa and for Bushveld Share holders and nothing has changed in the companies strategy and those of well-researched investors.

Everyone is disappointed to see the share price drop as it has and it creates uncertainty amongst investors, but the company will go on to deliver its goals. The question is will you hold or join in with this still amazing opportunity.

I am with Pdub and many others here who see the way this will play out and there is much opportunity for all. This company is not about to crash and burn it is making a profit and has no debt. But liftoff to the next level! No MM can stop it!

The investment chose is yours will you stay, will you invest or will you try to find something else.

There is for me, too much good here and I am staying! I wish every
Thu 17:48

Ok calamari - so I suggest you write to Vanitec, Glencore, Largo and Bushveld Minerals as well as all the Chinese producers and ask them why the prices are changing. When you have the answer be so kind as to feedback to the board.

In the end though we are interrested here on the growth of Bushveld Minerals, how the plant will expand at Vametco, the up todate resource information, the critical plant upgrades to above 3750 mtV plant name plate production capacity to 5000 mtV and then to 10,000 mtV can be implimented.

If they are able to accelerate the introduction of a larger rotary kiln to the process. These items are very important to the business structure at Vametco.

Then we look for news on the commencement of the construction phase at East London and the ongoing plans for Bushveld Energy.

The lower vanadium prices will help the take-off of the VRFB market and increase pressure on the vanadium market further which will increase our business prospects to the next level.

If you are willing to wait as many LTH are, then you will see the development of this business and its potential realised.

In the meantime do some research yourself and maybe you can share what you learn and gain some respect from many poster's here.

Have a great weekend all!

Cheers, RK
Thu 16:57

Calamari - you come across very negative on the situation. If you would like the answers from the article rather than PI investors, try reading this little article. You may find out that lower vanadium prices may prove to be a very good thing:

https://stockhead.com.au/resources/think-high-vanadium-prices-are-good-youre-wrong/

I hope you find this link helpful. It makes it very clear some of the reasons.
Wed 20:56

This article may be from 2018 but it shows the point clearly that VRFB has a great opportunity and the prices for vanadium actually being lower will help integrated miners produce competitive solutions.
https://investingnews.com/daily/resource-investing/battery-metals-investing/vanadium-investing/vanadium-energy-storage-solution-future-2/

There are so many points that new visitors to this board may miss very easily without fully researching the vanadium industry and the way the energy market is opening up.

Bushveld Minerals are very much in the centre of this opportunity and are one of the best placed companies with the largest mineral resource of 440 mt of vanadium ore at content of an average over 1.7%.

With a mine producing and exporting around 60% of their premium product Nitrovan to the US with expansion already fully funded for future growth they are set to reap the reward going forward.

The world will be looking more and more to Vanadium Redox Flow Batteries for ESS projects as they are safe, they have the capacity to charge and discharge multiple times per day with longer life typically 2, 4, 6 or even 8 hours depth of charge depending on the size. The even more important point is that after 20 years of life the vanadium can be fully recycled and used again either in new electrolyte or in the steel industry. 20 years of life without loss of depth of charge is revolutionary compared to Lithium Ion.

As Endion has made clear we are well ahead of the game in one of the continents which is based placed to make the most of this huge market. Where energy is a real essential and where there is real problems with old technology which is on the brink of failure every day. Combinations of renewables with VRFB will be a key part of the full energy future.

We look forward to seeing this company with no debt and making serious profit still very week even if the price of vanadium was under $40 per kilo for FeV. No-one knows where the vanadium price will eventually settle but it is likely to be over the next two years higher than it is right now and our profits will be very good.

Looking forward to the next updates on the Bushveld story.
14 Apr '19

The business fundamentals have never looked so strong and the way this company structure is set out, the upside potential is very strong indeed from our current position.

Why?
Bushveld Vametco is mining and selling a prime grade of Vanadium called Nitrovan 12 or 16 - expected production is around 3000 mtV in 2019.
In the last 3 months the price of vanadium has dropped significantly. However all the signs from market experts point to a rise in vanadium prices through this year. The global requirement for vanadium will become very strong through the year and the supply chain remains limited. Bushveld currently are supplying around 5% of the worlds supply.
Bushveld Minerals have a separate business, Bushveld Energy, who are building a VRFB electrolyte plant which is due to enter full production in the first quarter of 2020. In addition to the electrolyte plant there will be VRFB assembly plant. This market is one new area of energy storage which is set to grow exponentially and Bushveld are set to be one of the key players in this market.

What news is coming up?

- Q1 Vametco update - around the corner - latest production output, current resource update and mine upgrade updates

- Stunning 2018 accounts due which will ensure lazy investors will have a spot light on the income this company is amassing

- Foundations of the Bushveld Energy business from a vision to a reality in one of the most important global opportunities every

- a Vanadium resource ready to be grown which is the envy of the vanadium world - 440 MT of Vanadium containing ore

- a huge deficit in global supply, which will only develop further as the demand projected for vanadium grows from less than 100,000 mtV per year to 300,000 mtV per year by 2024.

- current FeV prices are set to increase dramatically due to increase of vanadium in rebar production and the new demand from VRFB

- Bushveld Minerals has built strength into its future to leverage against high and low vanadium prices to ensure long term growth in revenue

- Bushveld are targeting a large increase in mined capacity from 3000 mtV to 10,000 mtV over the next few years with more upside possible in the years beyond this

- huge opportunity for S.A. investors coming from the JSE joint listing which is coming in Q3 2019 which should have a very positive effect on the stock price

The recent drop in the BMN SP looks to have bottomed out and I am very confident in a years time we will all be saying we should have made better of that buying opportunity from April 2019. Everything is pointing including 3 broker ratings to a significant rise!

Please research this company fully before investing. All new investors need to understand what this company is about.

Everything you need to know is found on these two websites:

http://www.bushveldminerals.com/

https://www.thebushveldperspective.com/start-here2
13 Apr '19

I just wanted to wish you a very happy special Birthday!
I know you are going through a tough time at the moment with chemo as you know I have seen all the side effects. But I know you are super positive as a man and as a loyal investor here.
I really hope your day is been very special and you have been spoilt in every way.

A huge thanks for all you contributions here and the positive points you make!

Cheers RK
11 Apr '19

That would be a very interesting conference for those fluent in mandarin. Would love to know the detailed numbers and projections in the Chinese rebar market for 2020 and 2021.
I wonder where all the vanadium will come from to meet the potential demand in The global construction industry and the developing ESS VRFB market.
One thing is a sure as sure, the current reduction in prices can only be very short lived.
Could Bushveld set up a joint venture with our Australian friends? That would be a interesting progression to build a global vanadium business with technology and knowledge share?
Exciting times.
Great find LG!
11 Apr '19

Nice one beatthebroker! That is what these opportunities are about.
The business fundamentals have never looked so strong and the way this company structure is set out those who are coming in at these prices and are willing to stay around will be surely well rewarded.

- Q1 Vametco update - around the corner
- Stunning 2018 accounts due which will ensure lazy investors will have a spot light on the income this company is amassing
- Foundations of the Bushveld Energy business from a vision to a reality in one of the most important global opportunities every.
- a Vanadium resource ready to be grown which is the envy of the vanadium world
- a huge deficit in global supply, which will only develop further as the demand projected for vanadium grows from circa 100,000 mtV per year to 300,000 mtV per year by 2024.
- current FeV prices will be set back to new potential players as the payback at this point is not so attractive
- Bushveld Minerals has built strength into its future to leverage against high and low vanadium prices to ensure long term growth in revenue
- huge opportunity for S.A. investors coming which will have a very positive effect

The recent drop in our SP cannot last long and I still am very confident in a years time we will all be saying we should have made better of that opportunity last April. Well don’t waste this moment.
Please research this company fully before investing. All new investors need to understand what this company is about.
Cheers RK
10 Apr '19

Faramog, I am worried about you! The Mokopane license is worth a huge amount to the value of this business. It is one of the largest, if not the largest high grade vanadium resources on the planet.
The 2018 figures are in the bag. We know that and nothing can change it. The world will see them soon.
The company is on the right track and a few people playing the market at this point makes no difference to the end game. Long term investors need to remember why they came on board and how they saw this company developing. Nothing has changed. The vanadium market is strong and we are making good profits even know.
There will always be negative posters on any board. Some just playing games, some like to be disruptive. But this companies fundamentals are incredible and remain so.
In fact the news in the last tweet weeks has just reinforce this to the next level.
These points are not dreams, they are happening and fully funded!
This is not the time to be selling, but buying!
Enough from me today.
Cheers all!
RK.
10 Apr '19

No vauch, it is a perfect time to bring it forward. The key would be to allow in as many local investors as possible. This would be a very good opportunity for S.A. investors.
10 Apr '19

Well, that is a very interesting article and if FeV and V205 prices are falling it plays perfectly into the hands of those producing VRFB as the prices are becoming more and more competitive.

I am looking forward to some feedback from the Vanitec conference in China this week. We may well get a much clearer picture into the vanadium market in China.

This market is growing by the day and the needs are not going away. So if rebar manufacturing is slowing you can be sure very soon the VRFB uptake will be growing. This is what we call hedging out supply!

I think though a few may by adding 2 + 2 and getting 3. I am still getting 4.

So if the VRFB world gets 15% of this Energy Storage market that is a shed load of Vanadium for 23.1 GW/h - or in the real world 115,500 mtV by 2024.
10 Apr '19

SOTRR - to come back on your point with respect to Lemur.

1. The best situation for Bushveld is the project is completed within its own funding and within its own business plan and the value is maximised. By end of 2021 as per the target. The project is then sold on to a suitable power producer and we use the money to build a greenfield plant at Mokopane which should be by then sorted.

2. A suitable key power producer coems along withing the next 12 months offers Bushveld a fantastic offer and we use again the funds to move the project on.

3. Spin the project off with a separate listing is possible but not ideal. All of a sudden the value for the plant will come off our value and we will not see value for the project as we saw with Afritin. Not many here would keep the Lemur shares?

So options 1 or 2 would, I think be the best for us. From a business point of view there is a tussel of what brings the best value and does the coal asset stop us progressing as a green energy supplier? Some investors will not touch companies with a foot in creating carbon emissions. So this is not an ideal situation.


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