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Libero .. . As Ben posted, “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
Obviously not even Warren Buffet can’t hold a candle to your “ educated thoughts based on your knowledge of the company”.
Fair play, Faramog. Understand where you're coming from.
Ben & Lindon, I'm here for the long term, but the short term price movement is important for us to achieve the share price we all believe is achievable long term. Otherwise we risk starting from too low a base when incredibly news does arrive.
Have sympathy with where you're coming from. I had people on the bb saying the same sorta thing to me back in Oct, Nov, and December, thinking I was too short term. But, even as a LTH hoping for a 10 bagger one day, you can't avoid the fact the short term has significance because you can't reach 100p+ without reaching 25p+ first in the much nearer term etc.
That's why, even at times when we were flirting with 10p in Q4 2020, I believed we could reach 20p+ very soon, and that we needed to a have re-rate in the immediate term, so that we were not starting from too low a base when the Eskom news lands in January...
... and obviously January came and went and the news didn't land. But, because I truly believed it would, I was very interested in the short term price movement, even though I had no plans to sell, and actually topped up at 21p, and have continued topping up since.
And, for similar reasons, I'm very interested in the short term price movement between now and the Eskom BESS tender news in July. I want us to reach as high a point as possible before the news arrives.
Also worth mentioning that I didn't sell anything when we rose up to ~50p because I strongly believed that massively undervalued the company still. So, after all the progress the company has made since then, there's not a hope in hell I will be selling a single share at 50p either. I'm expecting a multiple of that.
Take from that what you will. I'm no genius, I'm just saying you can be a LTH and really care about the short term too cos you see it as being linked.
"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."
“Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
Some 'Warren Buffet' that applies here and now.
LOL!
Age and desperation are inversely related. Its normal. I want rich quick too!
yes Lindon .. not all wear lycra !
When I have those moments of doubt, the 'oh my god should I sell', I just remember the future cash generation to come. The numbers are all there.
Eventually, in all investments... cash wins !
In the 18th Century, Royal Navy sailors had some very dark times with low survivability and many tattooed their knuckes so when they gripped hands it read 'Hold Fast' to motivate their mates.
We have this now ... 'Hold fast'
@BenAlder. “You just seem to be worried about short term price, or your investment decision?”.
You got it in one there Ben! Beware the multitude of players in the aim swamp! Not all are cyclists!
Look I mean you no malice. Faramog sums it up.
I wish you would put your enthusiasm and emailing skills to contacting World leaders, bankers Bill Gates, etc, etc, about using VFRBs in their grids and little towns in Africa. ATB!
no Libero, you are not being misunderstood .... you are shooting from the hip and not actually considering what you say.
I think you are fundamentally a decent chap... but do have a word with yourself... you speak of poor comms ... cuts both ways chap
Hang on, I didn't mean it like that. All I meant was that almost everyone speculates on the bulletin board to some degree, and that becomes more and more prevalent the less comms there are to actually confirm things one way or another. But that doesn't mean it's completely without merit.
Nor was I comparing myself to Alfa for one moment. Why do you think I've said he's the fountain of all knowledge when it comes to all things Bushveld and Vanadium? I know he knows wayyyy way more than me. I've never claimed to know everything. I know I don't.
As I said, all I was saying was that we all speculate to some degree and that includes Alfa. And there's completely nothing wrong with that in my opinion, because that's what bulletin boards are for to Some extent.
Apologies if I'm not being as articulate enough to express myself accurately but I'm feeling super misunderstood this weekend.
Spot on fara. "It's an educated thought based on my knowledge of the company" You couldn't make it up. FM and the rest of the bod would be best off retiring and getting out right now, leave it to those who have knowledge of the company! LOL!
Well as chief cheerleader of this company/bb, your conviction is undermined by your lack of faith in Fortune and that the value will come, especially since you suggest that you are/will be a LTH of these shares. You just seem to be worried about short term price, or your investment decision?
Ever asked yourself why information we are fed is piece meal and mostly retrospectively? I don’t know either. Fortune does not seem to be that naive that he is unaware of the criticism. So he either does not want to or can’t. Personally, I think he is too tight to spend £2000 on a bill for an RNS to support the PI fanzine base. He wants/needs II players and that will shift the price. Its volume buying we need. So, by your account not long ago, they are currently courting these types already.
I dd not think I am being disruptive opposing an over zealous repetitive campaigner like you, if I don't agree with your opinions you sprout as fact. You do sound like you think you are running the company! I may be wrong but so may you!
"It's an educated thought based on my knowledge of the company" - and therein lies the problem ... you keep demonstrating your actual knowledge is a bit limited and consequential judgement is therefore perhaps a bit enthusiastic.
Afa is perfectly capable of defending himself (if he can be bothered), but as for your comment 'including Alfa', utterly laughable. He (and few others) went to visit the plant in SA in 2019, has been to several Vanitec and other forum symposia, repeatedly met many of the few players in the industry (both inside and outside Bushveld).
I rather feel he (and some others) have considerably more knowledge than I have, somewhat more insight and a rather better handle on the wider picture dynamic.
Your campaign for 'better comms' without actually defining what that means is a case in point. Whilst I think Bushveld could be clearer, and has certainly been clumsy in the past at times, it is developing from a small miner to a world class player. The recent output shows that message has been heard and I rather think will improve (not least on a move to main board which has tighter requirements).
There is positivity, then there is being a bore, and as for being 'disruptive', do you not feel your constant posting of the same thing is adding to that. I had a look on your Telegram site - jeez .. just constant posts of nothing with the occasionally interesting thought
I really don't want to filter, but getting close. Just reign it in ...
It's an educated thought based on my knowledge of the company, the recent RNSs, the recent interviews, etc. Educated thought processes is what we have to rely on in the absence of comms from the company. That's what we're all having to do here. Not just me. But everyone. Including Alfa by the way.
Honestly you baffle me. How can you say there's nothing wrong with the comms but it's wrong of us to try fill the gaps based on what we know?
If you're that against any sort of assumption, no matter how educated / well-reasoned, then surely you should be 100% behind the campaign for more information? Because the amount of guess work involved is because of the lack of comms. So it's one or the other.
We know BMN partially own and invested in Enerox as part of their plans to be a vertically integrated vanadium play, and they have said their intention would be to supply the vanadium needed for Enerox's VRFBs.
We know from recent interviews that Fortune says BMN is backing Enerox not just financially but with vanadium.
We know from the Q4 / Full Year Operational Update that "Sales of 4,264 mtV includes intercompany sales of 1,255 mtV". And I would consider Enerox to be "inter-company" for the reasons stated in my last post (which you seem to have largely ignored by the way).
Seriously, are you just trying to be disruptive? For pete's sake, it's a bulletin board, so there's always going to be an element of speculation, and that's especially true when so much has simply not been communicated. If you don't like it, join the campaign. Simple as.
@Libero, I totally agree that any contracts that Enerox win should be disclosed by BMN through an RNS.
As an example, if you look through KDNC RNS’s who own 16% of one company 18% of another and so on and so on , they continually report updates through RNS about those companies, it makes perfect sense to update shareholders on their investments? You don’t have to inform the market who the purchaser is if there is a none disclosure order?
There you go again, assuming. Suppose BMN are unable to supply that additional tonnage at the moment. Forward sales may have taken all our available production for the year, including our mini grid? The refurbishment needs to happen so we can guarantee supply. Did we not turn down someone recently?
Well Bushveld Energy are the majority owners of 'VRFB Holdings' (with a 50.50% stake) which in turn owns 50% of Enerox so any Enerox VRFB contracts any Enerox wins should be disclosed in RNSs here.
Especially when BMN are investing in the company and its meteoric growth, and are most certainly are supplying the vanadium for these Enerox Vanadium Flow Battery contracts.
@ Libero - The contracts are with Enerox not BMN. Only if we have received orders would it warrant more. Perhaps there is a need for silence at this time. It is also likely that the vanadium marker is very small in that, customers come direct or via a small number of worldwide brokers and it is confidential. You are not aware of the bigger picture that Fortune does. I am sure he gets your message regarding comms and will rectify that in time. You do seem to assume a lot and wholeheartedly jump in with an opinion that seems ill considered at times, otherwise I respect your effort to promote the company.
IES were releasing good news without having to absorb a big seller dumping.
Look what happened to their SP when they had one (us).
I've been here since 2013 and apart from a brief period during 2017/2018 we've always had a large seller of sorts, plus shorters when the V price tanked and the deserter's at the start of the pandemic.
When profits alone won't fund your growth plans, you have to pay the piper.,and we've paid some pretty awful ones in the past.
* 3 reasons (I came up with number 2 whilst writing)
* Let's hope it is not the latter!
The 1st April RNS said: "Enerox is a leader among VRFB peers, with a more than 20 years development and production history, over 130 systems / 23MWh deployed. In H2 2020, Enerox secured 13 MWh in signed orders for its systems."
And then moved on completely to the follow-up investment, without explaining anything about the contracts totalling 13MWh worth of Vanadium Flow Batteries. We know 4MWh is for the Vametco mini grid, but what about the remaining 9MWh? Nothing has been communicated.
In fact the part of the RNS communicating ALL of Enerox's success in 2020 was just one small 12-word sentence, at the end of a paragraph, half way through a fairly lengthy RNS. It's almost as if the company make efforts to hide Enerox's success here.
By comparison, you have Enerox's peer, Invinity (IES), announcing every Vanadium Flow Battery win they get, regardless of size.
On 7th October, they announced wins totalling 7.8MWh of VRFBs in California, triggering a quick share price rise of 22.5%.
On 9th November, they announced a 1.8MWh VRFB win from the European Marine Energy Centre, triggering a quick share price rise of 19%.
On 24th November, they announced they had won a contract to supply a VRFB for a "utility-scale solar-plus-storage project to be built in South Australia", triggering a quick share price rise of 24%.
These regular bite-size chunks of positivity and clear comms meant that IES's share price rose 110% during Q4 2020 (as in 1st October to 31st December). They understand how to communicate success.
Meanwhile - putting the Vametco Mini Grid VRFB to one side - Bushveld presumably knew about but chose not to communicate ANY of Enerox's successes (not in individual RNSs or the Quarterly Updates). Enerox's success has remained a complete secret until 1st April. And even now, with that 1st April RNS, it's a secret what wins Enerox have had to reach 13MWh of VRFB contracts signed.
So there's evidently much more information yet to be communicated / revaled about Enerox's activities and success.
What are the reasons for this? There's 2 possible explanations in my mind:
(1) It's because Enerox's remaining 9MWh's of Vanadium Flow Battery/Batteries could not be disclosed for commercial reasons and signed Non-Disclosure Agreements being signed. If true, this could be hugely exciting. Because the unaccounted for 9MWh could be one relatively large utility-scale VRFB being prepared for one of the Eskom sites.
(2) It's because BMN know Enerox is destined for much bigger and better things and see 13MWh of VRFB as not being enough to shout about. I doubt this though.
(3) It's because the company's comms strategy is unbelievably awful and absolutely must change. Because regular bite-sized chunks of good news (providing that they are material) is evidently the optimal comms strategy when it comes to AIM - as proven by IES.
Let's hope it is the former!