The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Bushveld buys $12-million hedge against vanadium price volatility
https://www.kitco.com/news/2019-11-12/-Bushveld-buys-12-million-hedge-against-vanadium-price-volatility.html
Drat... Bank not back...
Analysts worth their salt should now get the fact that not only will BMN be hedging against Vanadium price fluctuations, they will be able to generate up to 6 if not 7 income steams from a single project which is further hedging and on top of all this those income streams will be a mix of direct sales, indirect sales profit share, commissions, fees, share dividends and best if all asset growth. Most of these will require absolutely no day to day input financially or otherwise on the part of BMN or BE.
Finally if those same analysts really get it they will see that BMN is already a cash generating company and has just grown its sales/income base hugly without the need to mortgage themselves up to the hilt... In fact all this is being done out of current cash in back, a relatively small amount of borrowing which is well covered by current and near term income growth and they will be generating even more cash in the back within a very short time frame which will then allow for more investment and growth.
Coupled with all that is the fact BMN has two other bankable assets which again can raise substantial amounts should they need to.
This train has left the station chaps and there's no holding back as we build up steam...
Now...Lets get some proper company analysis put out there.
Cellcube reported much later than Bushveld but it doesn’t matter as Cellcube shares are currently suspended.
kevkan - perhaps it was timed so that both BMN and cellcube could notify their respective markets at the same time.
Guys only just got in and catching up, do we know why this was put out after hours. Are we expecting a follow up rns in the morning or is something else afoot
Don't know what happened with the formatting at the end there. LSE just chopped some words out - wierd as the post wasn't long. Still the link is there and that's the main thing.
Since we need a 400% rise to hit their current target I doubt it makes a shred of difference is Spangel re-jig
Things may have changed in the interim because CellCube has had financial difficulties, but the attached Cellcube Investor Presentation from March 2019 gives plenty of indications of what the BE consortium is taking on. Bottom line - it is going to be very good for BE if even only half of it comes true. The detailed slides on Enerox start on slide 13 and cover gems such as:
- slide 16 - goal of moving from current Gen4 (cost down to 250USD/kwh) to Gen 6 (cost down to 99 USD/kwh).
- slide 19 - list of customers includes BP, Shell, Eon, ABB, ConocoPhillips, BMW, VM among many others. Some very, very big hitters there (presumably they are looking to green up their businesses as they are otherwise a bit of an environmental PR
nightmare!)
- slide 30 - proforma EBITDA projections for Enerox of CAD$48M for 2021, CAD$73M for 2022, and CAD$135M for 2023. Probably treat these with some caution given their 2019 projection is
https://static1.squarespace.com/static/5b1198ada2772c6585959926/t/5c9cd83ff9619a021c2de4c4/1553782876741/CellCube+Investor+Presentation+-+2019+March+26+%281%29.pdf
So buy BMN shares and get paid out six different ways off the back of VRFB.....Simples
Ophidian
I agree, but vfrb unchartered territory so perhaps hard to forecast?
I don't buy Bella's theory. Why oh Why would you sell out of BMN pretty much at the bottom to invest I something else that isn't as well hedged and evolved. No I think the consortium money is far mor likely to be institutions and organisations with a Green agenda and plenty of money to promote it.
Ophidian
Quick question, going back to when Bella said "the seller or sellers are friendly fire and our SP decline has perhaps in part also been down to releasing their funds as third party investors to reinvest through the VIP.." if this is the case, could Fortune not have put them in touch with another buyer or would they have had to go through a MM?
Thanks
Given the significant BE activity and perhaps after any other BE announcements, it would be really really useful for SPAngel to update a 12-24 month revenue forecast ( just as they have amended several times with the changes in the $V price) but this time taking a stab to include the tangible BE activities - that would perhaps help focus some minds on what lay ahead.
According to the Cellcube corporate update ( https://www.bloomberg.com/press-releases/2019-11-12/cellcube-provides-corporate-update ) over the past year they were paying for the ongoing activities at Enerox using credit facilities.
I really wish our BOD had a bit more about them. I mean surely they could explain where Einstein's theory of relativity went wrong. I am absolutely awestruck in my admiration for them and their strategy to increase the value of my money.
LOL.
The question I asked on Oct 22nd at 18:57 was finally answered.
The prospective Enerox purchase Is another example of creative funding.
Substantial minority stake, giving guaranteed income streams all for 6million or less
Not necessarily all in cash and not upfront.
§ Bushveld anticipates contributing not more than 50% of the Transaction and will in due course consider additional investors as part of its Consortium.
So another income hedge for loose change leaving the coffers open to go after the next sitting duck.
Institutions WILL have to look at us now, as we are cornering the market.
Yep Ophidian, like a constellation - of a climate-change fighting cash elephant.
Yep - well done BBN & Bella - but the dots are now rushing to join themselves up almost...….
Ophidian
I'm astounded that the posters on this board are so far ahead of the the curve, well done Bella and BBN for joining the dots.
GLA
The 75k and 100k at close are mine. Banging that into NFX. Way up on my 5p average price so not to bothered If we smash it tomorrow. All profit.
Bella. That would be genius. Release the gain after the placing to make increased capital available for reinvestment. God, I hope you are correct. We could see BE BMN buy up the major part of the VRFB manufacturing knowhow and capability whilst everyone is sleeping....
Fans=FMs
Swansea see my posts yesterday and earlier. VSUN.