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Lemur hasn't been sold. It was a wish list.
https://www.argusmedia.com/metals-platform/metal/ferro-alloys-vanadium
Well formatted summary, I was unaware that lemur had been sold a a quick look at Rns I can see an obvious one (1 page look), thanks
16p @knuttie !!! ... really !
Stone coal smelter's don't become financially viable in China until FeV reaches $55 to $60 per kg.
The pollution to the environment these operations cause to the environment are significant and China has cracked down on them in recent years.
https://pubmed.ncbi.nlm.nih.gov/31512123/
Mogwhy if all that is within your post comes to fruition I can see an increase in our SP to 16p.
Mogwhy, best informative post i have seen for a while. This is why i'm patient.
There's absolutely no reason why the share price couldn't reach £2 in two years time.
Consider the following scenario.
1. The new normal vanadium price is now $40 which generates around $60m of net profit.
2. The electrolyte plant is running at full capacity of 200 MWh and the expansion to 400 MWh is underway to satisfy demand from Invinity and Enerox.
3. The rental company VERL is announcing a new rental contract every month for new VRFB projects.
4. BMN has won several Eskom tenders and is in partnership with Abengoa building several PV + BESS projects in South Africa.
5. BMN & Enerox have now set up a VRFB assembly factory in South Africa and now plan to double it's size to cope with demand.
6. Following the government relaxation of self generation rules, the mini-grid market in South Africa has now taken off and Bushveld Energy now has a solid and growing pipeline of projects.
7. The Lemur project has been sold off giving BMN a significant cash injection.
8. Now that Lemur has been sold and BMN are now on the main market, institutional investors are scrabbling to build a stake in this booming green energy company!
9. Mining of ore has started at Mokopane with vanadium offtake agreements in place.
10. A DFS for a 10,000 mtvpa greenfield processing plant at Mokopane is underway.
11. An offtake agreement for the iron and phosphate is now in place.
**** = s l a g
Roskill:
“Roskill is not expecting new projects to kick in before 2023, making the market potentially tight in 2021 and especially 2022, assuming that its demand scenario ? global resynchronization ? happens....
“The key supply issue is evaluating the upside from China’s **** producers,” Sardain said. “We assume that the **** producers are running close to full capacity.....””
I remember reading that there was some sort of constraint on Stone coal at the moment but can't exactly recall where and the details perhaps someone else can add?
Roskill:
“We expect that prices will remain low in Q1 ? possibly increasing moderately if there is some restocking interest ? gain momentum in Q2 and accelerate in H2 2021,”
Whats the production costs for stone coal CC and when is it profitable?
Roskill:
“We expect that prices will remain low in Q1 ? possibly increasing moderately if there is some restocking interest ? gain momentum in Q2 and accelerate in H2 2021,”
China has already given guidance on the V price , if it moves outside of those numbers China burns stone coal to supply more V and substitutes the V out of its steel production to control the price.
China has already given guidance on the V price , if it moves outside of those numbers China burns stone coal to supply more V and substitutes the V out of its steel production to control the price.
Correction of typo
“So .... do you wait to buy BMN shares until the share price has risen following v price rises .... or do you get in early, ahead of the crowd, and hopefully get a greater return? Your decision!”
Chris - ok but the thread was specifically talking about V price of $60!
Anyway, we don’t want to get ahead of ourselves, but as someone posted earlier it demonstrates how the SP is massively correlated to V price.
Right, off to work, have a good day- cheers!
I am talking about a rapidly rising V (more than $60 like in 2018) and with it the share price getting well ahead of itself. I like to have money in companies whose share price has the potential to ignite. I am not saying that the business with V at $60+ is worth £1.2b, obviously.
HarChris - let’s keep thing real. No way this will reach a pound if V is around $60. When we briefly touched 50p late 2018, V prices were around $130 (production obviously lower and Rand weaker).
Cool your jets :-) Let’s get to 20p first - we had to suffer all the RK £2 by Christmas nonsense back then.
The Vanadium price rise looks like a strong trend upwards.
Some of us may remember a Q1 Update RNS on 14 May. A lot of negative nonsense was written on this bb about that RNS, but whatever your impression of it don’t forget the factual content. This paragraph in particular:
“In Q1 2021 the London Metal Bulletin ("LMB") Ferrovanadium price averaged US$30.9/kgV (Q1 2020: US$26.5/kgV). The current market price for LMB Ferrovanadium is approximately US$32/kgV.”
So at time of publication the V price was $32. Today, just a few days later, and Gambit quotes a source as giving the Europe v price as $ 33.75.
Market analysts seem to expect this trend to continue.
So .... do you wait to buy BMN shares until the price rises filling v price rises .... or do you get in early, ahead of the crowd, and hopefully get a greater return? Your decision!
All just my opinion based upon the evidence. Not advice.
That's only true James if you're talking about sustainable share price. If the price of V continues to rally traders will jump on this like they did in 2018 and a spike to about a pound a share is more than possible. At that point no one cares about 'fair value', they buy if the hot stock that keeps rising and rising. Sure I'm not talking about a long term sustainable share price of £1+ anytime in 2021 but for all of us holders down here at these levels we may well get the chance to sell at ridiculous profits before buying back in after things cool off for a long term hold.
The last update and posts I'm reading here today prove to me, that for the time being, Bushveld is unfortunately more tied to the Vanadium price than ever before.
I sincerely hope that the energy side being reported separately means there are developments coming in that area. GLA.