Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Dont overlook the fact that siemens is also one of the biggest leasing companies in the world, able to provide the cash and all the infrastucture that offering a full leasing service demands
Well, that's some reassurance against takeovers for now. Again as long as it's a good price and I profit, I don't really mind, but I really want BMN to remain independent so shareholders (the latecomers too) can capture some massive reward.
"Maybe another reason why the Chinese business men were over last month- to invest/ partner in new Mokapane plant? I’m sure Fortune has his rabbits and hats all lined up .."
Beware Greeks/Chinese bearing gifts.
Now the likes of ABB or Schneider etc may see and also want a vfrb partner to get a slice of the pie. I wonder who that may be...
Maybe another reason why the Chinese business men were over last month- to invest/ partner in new Mokapane plant? I’m sure Fortune has his rabbits and hats all lined up ..
Yeah, leys get Mokopane going, then we will really rumble.
good vid ... as close as he could say to 'we have an agreement in principle (cant be in place or BMN would have to RNS given the scale)
Lets not forget that Enerox could well be larger !!
Gonna need a plant at Mokopane soon maybe !
Apologies, I was a tad lazy there. A re-run.
Everyone has their threshold and their own persona timeframes which I certainly have no right questioning.
From a purely personal point of view, I think we're are still several years away from any potential takeover of BMN, if indeed it were to come.
My current belief is that whatever entity comes out of this JDCA it will look to tie up vanadium off-takes in some shape or form, much along the same lines that large auto companies do deals with the likes of CATL and Ganfeng.
That I believe is what BMN will also ultimately wish to achieve as it would give them the security to continue to expand into their vast resources.
A big entity like Siemens will surely seek such security given the risks associated with mineral supply which are amplified in the vanadium sector. The Chinese are always a risk at any point in time and at any level. Be it competition or as the aggressor. Just look at what Ganfeng just did over at BCN.
However, in my experience, they tend to do their best work from the inside.
The whole VFB/energy storage sector is now very much alive and so things can change very quickly indeed, meaning opinions can change but I believe that is ultimately where BMN want to/should be heading because that's what they have been indicating for some time now. They just haven't had the scale or big enough players to achieve it. They perhaps do now.
BMN website once more,
"Low-cost primary producers with significant production capacity are well positioned to address price volatility by potentially providing long-term, stable pricing."
Everyone has their threshold and their own persona timeframes which I certainly have no right questioning.
From a purely personal point of view, I think we're are still several years away from any potential takeover of BMN, if indeed it were to come.
My current belief is that whatever entity comes out of this JDCA it will look to tie up vanadium off-takes in some shape or form, much along the same lines that large auto companies do deals with the likes of CATL and Ganfeng.
That I believe is what BMN will also ultimately wish to achieve as it would give them the security to continue to expand into their vast resources.
A big entity like Siemens will surely seek such security given the risks associated with mineral supply which are amplified in the vanadium sector. The Chinese are always a risk at any point in time and at any level. Be it competition or as the aggressor. Just look at what Ganfeng just did over at BCN.
However, in my experience, they tend to do their best work from the inside.
The whole VFB/energy storage sector is now very much alive and so things can change very quickly indeed, meaning opinions can change but I believe that is ultimately where BMN want to/should be heading. Otherwise the whole talk about
BMN website once more,
"Low-cost primary producers with significant production capacity are well positioned to address price volatility by potentially providing long-term, stable pricing."
Interesting interview especially from 10 mins.." when it turns out to products in the market and meeting the needs of these very very large projects there no limits- we have ways and @@@AGREEMENTS@@@ that will allow us to meet any needs that are best met by the result of this joint development and commercialisation " --- Ding Dong enter the ring Bushveld :-)
https://m.youtube.com/watch?v=-7reuRfSft4&feature=youtu.be
Siemens could ultimately end up buying both Bushveld and InVinity. Certainly I think it is inevitable that they will buy InVinity if this development process goes well.
Alfa called Siemens as the eventual buyer of Bushveld years ago. What a call that would be...
Does Siemens own or have holdings in any mining companies? I can't find any at the moment
Patience Knuttie, rather than a sensible offer I would welcome Siemens taking say 10% to 20% of our stock which would send an powerful message to the market (unlike, for example Duferco who against our hopes were quick profit takers). Give Siemens a seat or two on the BMN Board of Directors and they'll bring experience and professionalism that we lack and will need going forward.
All possible - re-read the IES RNS and SGRE (Siemens) have the option to take 9.99% of IES's stock! This could end up being the vertically integrated BMN being swallowed by a the vertically integrated electrical powerhouse. Patience Bubby.
Siemens rather fond of vertical integration themselves....
The key word is sensible Knuttie
There is of course an inexpensive & straightforward solution to Siemens wanting to guarantee V supply. I would welcome them with open arms if they will pay a sensible price.
@jimbo66 That may be a possibility but SGRE didn't commit to this deal based on any hope. This deal for me has much stronger concrete footings already.
BMN at c. 6,000 mtV by close of 2022 and 8,400 mtV over the next 3-4 years max, can deliver SGRE the sort of initial capacity it needs when this starts to takes off in c. 2 years or so.
BMN electrolyte plant at starter 200 MWh but with the ability to push to 1,000 MWh has the ability to deliver secure electrolyte supply to SGRE world portfolio of projects. Take a look at slide 13 below. For the right projects, it really doesn't have to travel very far. For those further afield vanadium would be the supply of choice.
This move by SGRE says very loudly that VFBs are in play outside of China. It will bring a lot of attention to the whole industry and IES in particular. BMN is more than happy pulling the commercial strategy strings in the background knowing at some point it will all come together very nicely.
With the green transition now unstoppable, this was never about the tech being good enough. It was about guaranteed vanadium supply at fair prices and interest in the tech that could scale it to the next level.
SGRE entering the picture (added to the China scale-up which must not be underestimated) just provided the last piece of the puzzle. One angle, one opportunity but a giant step forward that I cannot stress the importance of enough.
https://www.siemensgamesa.com/en-int/-/media/siemensgamesa/downloads/en/investors-and-shareholders/periodic-information/2021/q2/q2-results-presentation-fiscal-year-2021-siemens-gamesa-en.pdf?la=en-bz&hash=5FFF23CB98B832230FE0B61F723C7D4F0C35E74C
Cheers @BBN, fully agree. Thanks as always for your thoughts. I strongly believe we will see a Vanadium futures market of sorts emerge very soon to allow the likes of IES/SGRE to lock in their supply at workable prices for them. IMHO those thinking that we are 12-18 months from serious movement may be pleasantly surprised if already in or miss the boat if not.
@jimbo66
The deal announced by IES today is in my opinion the culmination of a process that BMN started back in 2019 and that always had an SGRE sitting at the end of it.
What Redt/Avalon and BMN have done is put together a package that can pass Siemens due diligence and persuade them that VFBs are viable at a grid-scale level that works for SGRE. A company with a pipeline of 10GW of work.
This deal doesn't get done unless the due diligence on the vanadium supply is also there. SGRE wouldn't be committing to such a JV unless clear enough markers on future vanadium supply at prices that do not undermine their tendering processes, can be achieved.
That doesn't happen without BMN on board.
The connections you describe are what we know today because that's what we've been told so far. Just like when we were told that the initial IES supportive investment was,
"Demonstrating upstream support from the vanadium industry for the development of the VRFB sector and encouraging additional investment into the combined company."
When in reality it was all part of a greater package that was designed to deliver one of the biggest project development fishes in renewable energy waters.
I don't believe that IES tech and ambition alone could have landed this deal because they are still a baby swimming in lithium infested waters. They needed the backing of BMN and their massive vanadium resources and the demonstration that significant expansion was happening there. That's what the Orion monies brought and have guaranteed.
FM sells us the notion that we have to be brave and expand now in order to meet the potential pending demand that can arrive much quicker than the production can expand. The reality is he knew this deal was being progressed and that its success needed BMN to act. So the move perhaps wasn't so brave after all.
There are clear milestones to achieve and it won't happen overnight but this deal is potentially massive for both IES and BMN and we have to start somewhere. One of the biggest RE developers in the world is about as good a start as it gets because they just answered the biggest question of all.
Scaled production large enough to go get those +10MW-100MW and beyond projects.
Massive day in the world of IES, BMN and the vanadium industry as a whole.
A trade(sell) matching the exact amount of BMNs remaining holding in IES was posted on 6/4/21. As they were under 3% no reporting was required by IES/BMN.
The BMN-IES links now are (a) the remainder of the 2 year first refusal agreement, (b) the VERL joint venture for electrolyte rental and (c) importantly, the goodwill created with the former Avalon and REdT management from BMN underwriting the initial merger to create IES.
Worth a check on BBNs tweet on the IES news.
https://twitter.com/BigBiteNow/status/1392031344369324033
https://twitter.com/BigBiteNow/status/1392031344369324033
I mean just under 3%...but that's still better than pocket-money.
Page suddenly appears..but throws no more light.
If they do still hold just under 3 mill shares...thats going to be up a million quid today, no?
It’s FM stating on LinkedIn the iEs investment was good value for 5m and they made nearly 3 times that to invest even more money in Enerox.
Sorry..I get nothing on that page!
Surely all the blurb says Bushveld sold down their IES investment to under 3%?
Haven't seen anything beyond that.....
https://twitter.com/novice_social/status/1391824482067697672
From FM's mouth suggest they made around $14m from share sales.