Bushveld Minerals Share Chat (BMN)

https://twitter.com/wikipenny1/status/1482778800362606599?t=eDm2-ysU2k_pGbVEK3hTCw&s=19

There was one private group I set up for Alfa on Twitter a few years ago.

Knuttie is a good friend ,not only to me-as he caused my interest in this company, but also to BMN.
It is just that one becomes irritated with silly de ramps and so keeps one's counsel. I know he is still heavily supportive of the company and is convinced of its very bright future. In my opinion rightly so
KN

Discord .. but hardly anything on that.

The Telegram group is private as too many trolls jumped on ... there is occasional 'discord' but actually a great board with lots of useful stuff regularly posted

@Sammy, I think you speak of the Bushveld Big Picture:
https://www.lse.co.uk/profiles/lionelgreen/
03 Oct 2020 12:30

Set to increase 250% this year when compared to last year to service new energy storage projects.

https://twitter.com/setcentric3/status/1482657439044587522?s=21

Apart from Telegram, what other groups are there

@sammy58: There are "Invite only" and fully private discussion groups in the background for BMN many a Old Boy still around.

Have we lost Knuttie or has he gone over to that invite only chat board ... I know he was getting pi55ed off with the ever dropping SP and talking about selling down ... Also that old boy that used to do the really long informative posts .. I think it was Sanchez, I could be wrong on that .... Does anyone one know if they are still around ??

Lionel - it is not a flow battery

The lack of news and commentary from the company leaves the door open to speculation that perhaps all is not well behind the scenes. If in fact it turns out the silence is simply the board not busying themselves with the day to day share price and instead focusing all effort and attention on driving the company forward then we'll all be heavily rewarded for buying shares down at this depressed level.

None of us know for sure but the risk/reward at this price is off the scale and I for one am happy to bet on all things being well and BMN's crumby caterpillar transforming into a beautiful butterfly.

Alfa: any thoughts on this you feel like sharing with this board? It seems interesting, but as it's based on the same chemistry, it's not obvious how they are claiming to achieve a superior product?
Cordially
Lionel

Icarus69 : regarding your question on China supply/demand, I'll just repeat comments taken from a Terry Perles interview and Crux Investor's article - others may have more info.

A decline in Chinese domestic demand for steel production (e.g. due to property industry decline) simulatneously reduces both supply and demand for vanadium, because most Chinese vanadium is produced as a by-product of iron ore extraction, and much Chinese demand for vanadium is as an additive to steel rebar for buildings.

Away from the property industry there is also the China 'blue sky policy' which reduces supply because it limits the volumes of steel produced for export and therefore the vanadium produced as by-product. However some claim this doesn't reduce demand because only a small portion of the exported steel is rebar.

Hope this helps. Ev.

WE HEAR YOU, the comment from BMN over 6 months ago. The bod are laughing at the shareholder. They know they have knowledgeable persons defending them, but even those holders must now be thinking something is wrong. I think BOD are out of their depth, they have done well, but it's now time for someone to take the company to the next level.

Hopefully next week is the change of sentiment and we release a long awaited RNS.
Would be nice to hear about BE related contracts/mini-grid/electrolyte plant progress.
They owe us some crumbs of comfort.

I have been in BMN for 18 months and I fully believe that the VRFB technology is the future but there seems to be a complete lack of sentiment about BMN over the last 6 months.I cant see otherwise how the sp is so disgustingly low when we have a great company and vanadium prices have stood up.Not selling but feeling depressed that the sp is a third of what it was 6 months ago on no real negative news.is this just AIM?

"Is it darkest before the dawn?"

Oh, don't say that I did once and got lecture for it...........lol!

Would be great news for the V industry if there is a new Vanadium battery that is not a VRFB.
It will be interesting to see if it becomes mainstream.

https://stndenergy.com/battery/#contents

More about the vanadium ion battery here.

Perhaps Agricore should say what Agricore thinks? And believes.

I believe the nail was hit on the head when someone said the stock market is driven by sentiment. Least in the short run.

The fact that Investor's Chronicle list BMN almost at the top of earnings upgrades was interesting to me. The fact that we know investment is driving down cost and is starting to pay off (based on quarterly updates). At the same time the commodity price is improving. The fact that new markets for vanadium are emerging (yet are nascent). The fact that regulations are driving higher proportion of vanadium to be used in steelmaking. The fact that the US has signed off its infrastructure stimulus. The fact that the Chinese plan to do the same in 2022. All these facts lend weight to the idea that when brokers claim improvement is coming that we are not viewing the Emperor's clothes.

The wholesale dismissal of all analysts and all tips is just foolishness.
But the blind acceptance of their every word is too.

In the case of BMN I have concerns about the BOD; I have concerns about the VRFB economics. I wrote to BMN's Investor Relations asking them to explain the economics because all we know is they spent $1m in last year's accounts. There's no "business plan" just a vague plan and we learned they planned to recruit a Consultant last year to start to plan. Did my email to them make them think "hmm we need a plan?". I don't know. And I hope not. They didn't reply to acknowledge my emails by the way, which I considered quite rude. And by the way the analysts don't cover the economics of VRFB either, in their broker notes. I'd also admit that I relied on a broker note as part of my rationale and now feel once bitten, twice shy about that particular person and when I see their videos and tips I take what they say with a large pinch of salt.

So there's reasons to feel negative. Still. But I also think going back to the facts that the improving costs, the improving demand outlook and the stabilisation of the situation that the improved broker outlook is justified.

Most importantly - the negative sentiment has moved this down to a level that's not justified by its fundamentals.

Is it darkest before the dawn?

http://www.businesskorea.co.kr/news/articleView.html?idxno=85610

Fundermentals,,, Frustrating stock you only loses if you sell,
The world will and must go green quickly
With or without a resection, main players will spend out of resection ,,
There is no real alternative to VRFB in its place heavyweight demands storage ,,,, ,Oxford hub showing its versatility,,
Vanadium dimands can only outgrown supply ,,,
Name... increasing production of Vanadium producers year on year ... clue b m
Mokopane 1yr?? Ish
B E electralit 2022 comes on line full tilt can take all B M production
Batteries ,leasing,
Multiple revenue streams
This is a Fledgling company turning intgo a major market player and growing

Trade log: Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V
The Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V trade log including business, bids and offers reported to Fastmarkets.

Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.

Fastmarkets assessed Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V at 34.00-37.00 on Friday January 14, 2022.
https://www.metalbulletin.com/Article/4023920/Search-results/Trade-log-Ferro-vanadium-basis-78-V-min-1st-grade-ddp-Western-Europe-kg-V.html

Even though I'm not exactly bullish, and it's true that management are overpaid, it's worth remembering that there is a strategy being played out and that has not changed. Production is being ramped up, VRFB usage is accelerating globally and this will place demand on vanadium supplies and, theoretically, make it a super-commodity.

There are plenty of gripes to be found in terms of BMN's lack of communication, Nkomorov's uninspiring leadership of BE, the dilution and continual dumping of shares that has cost holders for years and sees us in the sorry mess, but the opportunity remains intact. It's more a case of whether the right people are in place to see this through or whether they're too lazy, complacent and incompetent to take advantage.

If that's the question mark I have over BMN management, it's because their refusal to engage with shareholders leaves this opinion open to interpretation. 2023 is really the year of reckoning for BMN. If they can't follow through with their vertically integrated business model in a convincing way, Mojapelo and Nikomorov need to be removed from the board and replaced by individuals with the appetite and know-how to succeed.

This may sound harsh, but when you're a publicly listed company you have an obligation to achieve returns for shareholders. Their salary and the company's growth has only made possible through shareholder funding, so they have to be made accountable for that and the clock is ticking.

Appreciate that’s not what some will want to hear, but reality IMO