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Somebody posted a list of companies who were interested on here, I think its origins went back to the open day Eskom had where a number of representatives attended. This was a number of weeks ago, hopefully someone who saved it can repost it for reference. I am pretty sure from memory that none processed or mined Vanadium , but no technical solution is stipulated.
Well ... we shall see I suppose, but by having oversight they rather help Ramaphosa in his slow and painful push back against corruption.
What other SA companies are you thinking .. any that actually mine and process vanadium, or just international box-pushers buying in. The reason I (and others) have such confidence that a nice slice of the pie will come our way is we have by far the highest in-country content, the greatest scope for job creation, and by far the biggest potential for upskilling. Ramaphosa has been thick as thieves with FM and MN on a number of occasions. So long as the base criteria are met (and perhaps then some), I maintain, it would be politically stupid in the extreme not to plump a big slice to a pretty much all SA offering.
We shall see
I think the World Bank won't have a direct say in the decision making, i.e. company x gets this, company y gets that, but their responsibility will be to ensure that any conditions they attach to the money are met. That's probably why the selection criteria has been very stringent and tough, we don't qualify on our own which is why we have had to partner up as part of a joint venture in order to be part of a formal tender. The WB would certainly be keeping an eye on that amongst other things, especially given historical corruption.
There are some very large SA based companies with long track records in SA who will be bidding so competition is going to be very fierce.
Interesting point about historic corruption. As for FM being bullish why wouldn't he after spending almost 2 years structuring and partnering to meet the requirements.... It is not credible at least some will go to our partnership
But a more interesting question is whether the funders (Word Bank) have a stake in the decision making to ensure their ethical policy is followed
Oh come on guys, you don't say these opportunities have come at the "perfect time" (Fortune's words) if you're not feeling incredibly bullish about being part of the Eskom BESS tender winning bid, do you?
I see that as a major hint. I did as soon as I saw him say that in the interview. Have you seen the interview?
I think super hints is a stretch! There was a hint of a smile when FP mentioned the tender, but I’d only take from that he is excited about it. It’s highly doubtful that he would have insider knowledge about tender outcomes, in fact I hope he doesn’t as that would suggest foul play. That said we have focused on the tender for a long time and are well placed to meet many of the local requirements giving us a strong chance. Think it’s fair to say that most lth who have researched the tender process feel we are in with a strong chance but this is SA and corruption is not uncommon so the winners might not be the best choice on paper. Here in the UK government tenders are a law unto themselves!
Supplier hints? where ?
Quarterly results do not have a ‘due date’ ... the publication date is at the bods discretion and prior year dates should not be taken as being relevant to this years dates. .
In fact with the tender application/preparation/close date implications, all coming on top of the Covid restriction impacts, we may see this years Q3 results delayed to around the end of November or even the early December.
BE 2018 Q3 wasn't published til end of November, this year may have the same sort of time frame.
Q3 News is due next week or start of the week thereafter . This will show further progress in terms of vanadium production, despite covid's continuing presence.
The Eskom BESS tender has now come to a close, and there's been super positive hints about how that's gone. As discussed previously, news is due either November or December 2020. Or, possibly with the delay to the close of the tender process, in January 2021. Either way it isn't far off.
I believe we can also expect news regarding the vanadium rental agreements, and about the new electrolyte plant as well, which was also referenced in the recent Proactive Investors interview.
So I am very happy to be loaded up at this level, ready for the next big step up : )