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The request for proposals for the first phase of 800 MWh is expected to be released to the market by mid-2019, with construction, testing and commissioning anticipated before the end of 2019, while the second phase is anticipated in 2020.
Has this first phase been delayed?? Or are they still looking at getting these batteries commissioned before 2020?if so they want to be getting a shift on.
It is true that the Vanchem acquisition RNS states that:
"Upon receipt of the mining right, Mokopane will be a primary source of feedstock to the Vanchem Business "
and firmly links the development of Mokopane and the Vanchem acquisition. However, the RNS also states:
"The Company retains the optionality to supply magnetite concentrates from Vametco to the Vanchem Business."
which, to me, implies that the opportunity exists to supply Vanchem from Vametco should the time frame for Mokopane development not be consistent with the needs of Vanchem development.
Thanks @pb940
Not sure if this is what your looking for?
https://www.miningreview.com/battery-metals/bushveld-minerals-battery-storage/
The project will be implemented in two phases for a total of 1 400 MWh of energy storage capacity – 800 MWh in Phase 1 and an additional 600 MWh in Phase 2.
The request for proposals for the first phase of 800 MWh is expected to be released to the market by mid-2019, with construction, testing and commissioning anticipated before the end of 2019, while the second phase is anticipated in 2020.
When were the Eskom tenders for Battery storage due for release?
Fair enough Alfa - Thinking out loud!!
Why daitom ? - There's plenty of ore that could be supplied to Vanchem from Vametco/Brits
I would think that the Mokopane licence would have to be in the bag before Vanchem is completed?
I personally would like to see the mokopane licence issued before any JSE listing as we have waited long and hard for it, long before any mention of jse. Fingers crossed
Your opinion does make complete sense but I have first hand experience how these guys work. They always take a large chuck of profit of the table when a suitable opportunity arises. It will be done silently with willing buyers taking their stock so we hopefully no dip in the price when they exit or partially exit. Let’s see what happens. All positive for now. Colt.
Witb respect colt, I just don't see that. The whole point of the JSE listing was to give South African investors a platform for investment into a home grown Company that they understood and could see from up close. I have no doubt that big South African corporate investors had the wherewithal to invest in an English stock market but not the little man. I think Fortune wants to give all a chance to share in the inevitable share increase in BMN. Also, why would any savvy investors with the ability and wherewithal to invest in a junior wild west market in the UK divest themselves upon listing? That doesn't make any sense. If they were smart enough to invest in the 2p days then for sure they will be smart enough to hold for the £20 days.
Hello Numpty5
The Africans that I know have been invested in Bushveld (and ATM) since the 2p days. My view is that they will use the JSE to exit their position very quietly as new PI's and II's come on board. They will have made a very healthy profit by then. That said, I expect that their exit price will be significantly north of today's closing price. They seemed very comfortable with their investment on Tuesday evening and I hope to get more info at the Open tomorrow.
Hello Richken - the two FA's that you mentioned are not familiar to me. I really can't disclose much more on this board but I am firmly invested in this company (and ATM to a lesser extent) and plan o remain so. Energy storage is the next big thing and BE is very well placed to reap the rewards.
What like the one that was announced 9/12/2013. Some of us have been here a long time and are still happily patient, but there are other good shares out there, see my posting history ref JSE float etc, JMHO. Give back to the S.A's, or give to receive, we'll see in time.
The target for listing on the JSE is now calendar year 2019, not Q2/Q3 2019, so any point up to the end of December 2019.
Vanchem completion may have something to do with it...plus Mokopane perhaps...
A couple of battery MOUs/orders wouldn't go amiss either...
The longer they leave it the closer it comes to rather a lot of upcoming good news.
Timing, timing, timing
I have no idea of the regulatory requirements and due Diligence or other hoops you have to jump through to list on the biggest stock exchange in the continent of Africa but I'm guessing it's a complex and complicated matter. They said they would do it in Q3 and haven't contradicted that so I would say as things stand it will get done in Q3. This BOD very rarely don't meet their intended targets and usually surpass them. Be patient, it will happen followed I think by the Mokopane licence shortly after (when the Africans have had a time to invest) only my opinion.
Anyone understand why it's taken so long? I don't. However many days in Q3 it's been a lot slower than I expected.
There are 92 days in Q3. We are on day 18.
Six months now since it was posted that it would happen in Q3 would have thought it needs something mentioned to attract investors but imminent time isn’t predictable