Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I don't buy that. we have had HNW from SA invest a few years ago in a placing.
If people wanted to buy they would.
we were told about a JSE listing in 2019 and nothing happened, then in 2020 and now silent on it. I imagine the altx JSE is just as rubbish as aim so unless we main market in both jurisdictions it is a moot point.
There is definitely a political angle at play here just not sure why
hi mark,
V prices have stalled and are in reverse. I appreciate this may be a temporary situation but the market values what it can see and that is a company that sells a decent amount of a non sexy product upon which its costs have increased and are forecast, by that company, to increase next year. that is basically what we are told, revenue is good, expenditure is significant so very much a growth story. needs meat on the bones
Yes I do. What does the market know? Very little all it sees is a company that makes profit and need finance thus dilution to raise the capacity. Even devoted shareholders have no idea how we will create revenue from the energy side
You can easily argue we are fairly valued because all the market knows is that we are a producing company generating decent revenues expanding slowly but requiring delivery and finance. There is no knowledge in the market of an energy play
the frustrating this is bb that largo have basically been told how to do it by MN in the vanitec meetings and i agree the first mover advantage has gone and VRB energy are now the major player in this space. VRB have said they have projects in SA which I think will actually end up as being with BMN/BE but it should be the other way around. The big money is in the energy play and not in mining. BE needs to be the focus without a shadow of a doubt
ATM spin off - they get coms and are flying along
IES - created by BMN from the shell of two failing companies worth £126m
FAR - £115m - they literally have a bucket and spade
BMN - worth £200m
the difference in all of these is the ability to tell a story and get the deals done. FM has proven consistently to get the deals done so i have no qualms that the big pieces will come but my god the story telling for his company is inadequate. emails to chika and FM will not change this. they have been told numerous times about it from many people - they clearly understand it is a problem of a growing magnitude but all we can do is wait
so VRB energy are building a VRFB gigafactory starting in May, our electrolyte plant was mooted 3 years ago and still has not started the build.
the opportunity in SA is enormous and what MN/FM have done in opening the doors for self generation and battery is admirable but now delivery is what is needed otherwise it will be a case of the bigger boys coming in to steal the treasure. SA politicians need to look after their own here and at present, public sector ineptitude and their slow way of moving is culling the opportunity and BMN/Be are suffering.
all the talk of manipulation and a woeful FCA are fruitless. It all boils down to an absolute abysmal communication strategy from the BOD where, as an MM, you can be pretty confident that there will be 3 months of silence between quarterly updates. A monthly update stating how much V was sold and the refurb projects are all going to plan would help. This is a company with over 700 employees, dedicated comms team and control of 50% of the world's primary processing plants. shocking in the extreme. They are undoing all the work they have done on acquiring vametco and vanchem and have overseen nothing but shareholder value destruction. We know what happens when comms is strong in shares that have no assets but a pie in the sky mining licence but a will to drive the SP higher.
the mining weekly interview is probably the best he has ever done. he was coherent and direct and spoke about more than the vanadium processing. it was clearly targeted at the decision makers in SA reinforcing how the green space is the biggest opportunity they have right now to drive economic growth and create a better future. maybe we are on the cusp.....
the fact that TNG is up nearly 20% given they have a DFS but no income and a raft of offtakes and that is all they have done in 7 years because they cannot raise the $1bn to build their mine is simply testament to the impact the seller and lack of comms is having on BMN.
also has iron ore it can do the same with and phosphate - worth many billions. and still thinks the battery side will generate more revenue than our V mining side.
The market is behind everything BMN has right now - we need to learn what BMN are doing about it.
atleast the far ceo has created a rise to sell into. ours sells into a continuing low.
good article. everything we knew a few years ago and positioned for.
I wonder if bushveld are involved in the VRFB sector! perhaps our CEO could tell us
Gambit, given you have some in with FM by virtue of you attending vanitec, why don't you email him to alert him to the general level of discontent which is at its highest level ever. If there are confidential discussions or NDA's requiring a period of silence then a simple RNS update would suffice to ease the minds here.
as frustrating as the current situation is, as the lynchpin in vanitec, we have every contact to be making things happen in the energy storage space. If we are losing out to a VRB/china consortium in south africa then that is a very different story but I think more likely VRB are working with us on the World Bank tender needing our local content. One always needs to be wary of the chinese influence in africa and a name like robert friedland opening doors ahead of BE. If we do lose out to them on home soil then that really is the end of BE before it has even started.
I see similarities to Avacta long period of silence then boom it all moves. Difference is we currently earn alot of money and can be a leader in the biggest growth sector of the century.
Simply a big fan ****ed off
so instead of a titan of the mining industry coming on board as our chairman as part of a funding agreement, and who could become a vocal and well respected face of VRFB's, we are stuck with Orion and the like who lend then trash our investment by selling down their overly generous share allocations.
My prediction of not hearing from FM until mid may is looking increasingly likely
Jse first mooted in 2019 then delayed in 2020 and now no comment on it in 21. More evidence of how their poor communication has now resulted in a complete lack of any communication
especially given Mick Davis is a south african and yet FM is trying to get london investment on it (according to libero!) and that is the same london investment teams who are playing with the SP and get a position and then start selling down immediately based on previous experience.sorry but FM needs to get a grip here. strategy has been done, now it is time for delivering.