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Apologies, my comment was only meant to be a joke.
Alfa and Sanchez are key contributors and in my opinion this board wouldn't be the same without their input.
I wasn't talking down alfa at all, it was just a joke. One of the highest quality posters here
Appreciate all the informative posts on here and echo what pb940 wrote below.
I would like to add my voice in recognising all that Alfacomp has done for readers of this bb and the Bushveld Perspective. Even the grubby little derampers benefit from his insights on all things BMN and Vanadium.
Frankly I am not surprised that he gets targeted sometimes as he represents a huge threat to the trolls and their lies and misinformation. Long may he continue doing so.
Regards. Pdub
Alfa, BBN, knuttie, pdub, nickderby, sanchez and other great posters - HATS OFF. Your work on this is remarkable and helped me remain invested at the highest levels today. Thank you. Please stay positive and energised as always...
If it wasn't for Alfa I would most probably have sold out. Parts of last year when we were bombarded with continued trolling and the S. P was falling Alfa amongst quite a few others kept the news flow going. Alfa has always shown me nothing but courtesy whereas some others were quite rude to a novices lack of knowledge.
Credit where credits due in my book
We're in for an amazing year let's not fight amongst ourselves and keep the news flow going.
Remember new investors will be looking in
Well said PB. Alfa deserves all the praise he gets.
I have been fortunate to work with him on bits for TBP and get to know him reasonably well over the last few years. He is honest and has integrity that runs very deep.
He deserves people's respect and thanks. Most people who love a sly dig at long term holders are those who add nothing, yet always benefit from the research and opinion shared here, they come and go - ramping when they are in and trolling when they are out. Most of us LTH's just do not operate like that.
I feel that Bushveld as a company are lucky to have him as a shareholder and everyone here is lucky that he shares his knowledge.
PB940 post recommended!
Good post - I echo your sentiment!
pb940: Couldn't agree more.
I'm sure he doesn't need me to but I do get a bit fed up by some of the unfair stick Alfacomp gets from posters who have turned up recently. I know we are probably less inviting than we should be to newcomers, but over the last 8 or so years a core of very bullish holders have invested a lot of time and energy into this bb and shared a great amount of information.
Unfortunately those longer term holders have slowly been posting less and less, in my view to the detriment of the bb, as those that want to wrestle control of the narrative to the negative side have slowly worn them down. Whether you agree with how they converse with individuals or not their understanding of the company, it's assets and the vanadium/vrfb industry is second to none.
I don't know who Alfa is personally, but from earlier correspondence between us came to know who he is and also what he has achieved as an individual. When he comments it's from a position of knowledge unlike 90% of the blowhards on here who talk a good game but couldn't back it up in a proper argument if push came to shove (and I include myself in the latter group).
Everyone on this board except you is actually just Alfacomp talking to himself
Given how two faced you have been coffeecups surely that a 6
Sanchez? Is BBN actually Sanchez? Wow my minds blown.
Wow what an incredible post and 7 year comparison - I thoroughly enjoyed reading through that, Sanchez. Thank you.
And God bless Fortune & the BOD :)
BBN I don’t think you could of made it any clearer what a “gem of a company” Bushveld truely is. It’s quite staggering the achievements it has made over the last several years and yet the market I believe has not fully grasped what they have actually done but in time they will. As Fortune had previously said “the story is only half told” , well I think part 2 is about to be released very shortly and I for one am very much looking forward to.
Great post BigBite, this really puts everything into perspective.
Holding Long & Strong
The Future Is Bright ~ The Future Is BMN
Yep, and in danger of giving the MMs a nose bleed...
Thanks BBN. That's given me goosebumps...
2/2
Instead, what FM did at that point in time (Feb 2014), as CEO of the company, was pay himself a base salary of just c. £108,000 and continue to implement a maximum total directors salary cap of £500,000.
His wage and that policy remained the same, until the 2018 financial accounts were released. So well after Vametco came on board and during a year when Vametco delivered its largest ever revenue streams.
All of which should be considered in the following context.
BMN on 28th Feb 2014 had a total of 402m shares in issue, which means that post full Orion draw down, total shares in issue will have climbed by just 237%.
That's against 7 years of operation, of which for 3 years, the company had no operating mine and even when they did, they didn't own very much of it, because Yellow Dragon carried them for most of it, until BMN bought them out in late 2017.
For that 237% of additional shares, long term investors in BMN will receive as a minimum, the following ;
1. 74% ownership of Vametco and 100% ownership of Vanchem, giving them control of 2 of the world's 4 pure play vanadium production facilities.
2. A minimum 6,000mtV production run rate, with the strong possibility of expanding to c. 8,400mtV through future cash flows.
3. A 55% ownership of a minimum 200MWh electrolyte facility.
4. Equity stakes in both Invinity and Enerox, two of the world's leading VRFB players, with a confirmed first refusal off-take agreement to supply all of their vanadium needs.
5. An operational Mokopone mine, feeding into the Vanchem processing facility.
6. Ownership of Brits.
7. A significant foothold and standing, both in the S.A. renewable energy and the wider vanadium/energy storage market.
With the strong possibility of even greater things to come through Eskom, local VRFB manufacturing and the larger VRFB grid/mini grid markets.
Go find me the BOD of an AIM junior, that can deliver even just two fully operational vanadium processors, inside 6 years, for just 237% dilution and I will gladly back it. Never mind everything else.
Past performance doesn't guarantee anyone a permanent future but whatever investors may think about more recent performance, there is no doubting the commitment that FM and his team have, to the people of S.A. and their shareholders.
Those attributes are rare and worthy of some respect. They are also the reason why I let communication failings slide, why i don't allow 'investors' (that BMN have chosen), selling, bother me too much, because that past performance, at the very least, allows me to trust, that the BOD is working hard for my investment.
1/2
Good morning all,
Picking up on the vibe from shareholders, venting some frustration at the BOD on progress, communication and this constant feel of 'investors,' flipping their holdings.
First of all it is not for me to tell shareholders how to feel about their investment or indeed the people that run it for them.
I also agree that there is room for improvement on the communication side of things. The recent Arbengoa development is a prime example, which really should be reported upon, once BMN have details on its affect or a plan of action, to avoid it impacting their mini grid and perhaps wider S.A. based plans.
As a side note, I don't see that having any influence on the current valuation because nothing is factored in for it, given that first and foremost, it is a energy saving exercise for the plant and its wider uses as a demonstration project, simply aren't advanced enough yet, to be exciting the market at all.
What I will offer in their defence is this.
Late last year BMN closed a long fought, long term deal, with Orion finance. Anyone who knows HZM well, knows they are a top mining finance company, that backs projects/businesses, not only with compelling business cases but also because of their ethical leadership.
The one thing that longer term BMN investors will surely have learnt by now, is that FM is building a S.A. mining business, that caters for the needs of the people who work there and those that live on and around its land. This message is repeated many times, through their approach to the BEE policy through Bill Chicane. Their focus on developing a clear fund and open for locals and the upping of the BEE ownership to 26%, immediately after taking control of the full Vametco mine, back in 2018, to name just a few.
It is that sort of leadership that attracts the likes of Orion, who are a long term investor and a significant shift in quality.
Something more.
When Orion convert their $35m CLNs, which for me is inevitable, then there will be a total c. 1.35BN shares in issue and BMN will finally have a significant cornerstone investor, at c. 12-13%.
If I may, I will now take you back to 28th Feb 2014, the closing date of the original BMN financial year, prior to Vametco ownership and also prior to dare I say it Darwin, Lemur cash, Yellow Dragon, Duferco, Vanchem, BE, Orion and certainly Covid.
In Feb 2014 there was essentially no vanadium asset, a vanadium platform yes but . There was tin and there was iron ore, and the bottom was about to fall out of that. Meaning that BMN was going to need to find something else to do, or it was going to go out of business. Or worse still, its directors could strong everyone along for a few years, collect their pay checks and live the AIM high life. After all, thats what a great many others have done and done so well.