Member Info for Alfacomp

Thanks for your considered opinion Joey, can you let us know on what basis you calculated this ?

so it looks to me that one Market Maker is desperately trying to keep the price down by selling shares that they most definitely do not have to the others who are saying 'thanks very much sucker'

it's going to go very soon

Libero - what these research reports often miss out on are the big developments in VRFB's that are currently taking place. Just one single battery could take all of BMN's Vanadium output for a year.

I did speak to the analysts at one of these research houses earlier in the year to explain this to them but all they wanted to do was get me to buy their report, so I said thanks but no thanks I'll do my own research ta very muchly.

gambit - laser cut electrodes or felts are not particularly new in the science of flow battery stacks. The basic idea is to get the electrolyte to the point where it reacts without having to force it through lots of narrow channels - hence you form a structure of interdigitated slots - the slot from one side feeding the electrolyte in and the slot on the other side taking it out after it has had the chance to flow through the (typically felt) carbon electrode that lies between the slots.

It's similar to the radiators in your house - you have one big top channel and one big bottom channel with lots of cross channels in between, not just a single long pipe spiralled that might easily be blocked with crud at its lowest point.

so which of you have actually paid to read that report ?

SloppyGuiseppe - complex flow fields have been used in some commercial VRFBs for at least the last 2 years.

StOwski - not at all, an end day UT trade which is a long way from the mid-point of the advertised bid-ask clearly distorts the next day's early SP movement because the UT trade is taken as the end-day 'closing' price even though it may be a long way from any real trades at that time. This is doubly the case if the number of shares traded in that auction is a trivially small quantity - eg such as the end day close UT trade of only 10 shares yesterday.

Thus if someone wishes to make the apparent closing price appear somewhat up or down on where the reality is all they need to do is choreograph a trade in the end-day auction. We are led to believe that Market Makers are not permitted to do this. Really ? ... you know that they say about porcine aeronautics

St0wski - the UT auction has nothing to do with the days order book. There is no single order book for a start, each Market Maker runs its own secret book that can include as many trades as they like of fictional 'sells' to themselves - i.e. naked shorts

no there is not always a UT trade. There is always an end day auction but it doesn't imply that there will be a trade.

8,400 tonnes is just the start faramog. I think that we may achieve that without needing to dig a single kilo of ore from Mokopane. The really exciting thing is that the world may need many times this amount if they are going to be able to build even just those VRFBs that are being built in China right now.

gambit - if that is correct and monthly productions are recently at record highs then that would be really exceptional in the middle of a pandemic.

The rapid price movements this morning, coming hot on the heels of the suggestion on this board that the Market Makers have been running a naked short in the hope that the closure of the Enerox deal would require a placing, seems to suggest that we may have been bang on the money.

knuttie - they may hope that they can withstand the pressure for a bit, but that is simply shuffling the can down the road. The pressure will keep up and their short position will become deeper. It will become a situation where the last MM to blink loses out to all the others.

Daisydog I did not say that the contracts would be awarded this month I said that that the tenders would be out this month.

... so an end day auction UT trade of 10 shares at 13.20p will set today up for an apparent drop.

Classic manipulation which none of us fall for any more.

The share price is barely above the level it was at the start of 2017 - when the price of FeV was less than it is now. Before we owned all of Vametco and had completed the Brits JORC Resource.

Since then VRFB's had become commercially competitive with Li-ion and Bushveld Energy has established the Vanadium leasing model - ohh and in the process Mikhail heads up the global Vanitec Energy Storage Committee as well as the South African Energy Storage Association.

Since then the Mokopane mining license has been announced and Vanchem, the second of only 3 processing plants in South Africa, has been bought outright. We now have a route to treble Vanadium production and take 10% of world production (>30% of the lowest cost primary Vanadium production).

Ohhh and we've only bought significant stakes in not one, but two leading VRFB companies (Invinity and Enerox) that give us a guaranteed offtake, and downstream profit return for the Electrolyte plant that we're building at East London, and which just happens to be the only such plant in the whole of the Southern Hemisphere.

The final doubt that anyone may have ever had about BMN's future - "what if the long planned for Eskom 1440 MWh BESS tenders don't come through ?" has now been removed as the first 817 MWh of tenders will be out before the end of this month.

The Dalian 800MWh VRFB will no doubt we turned on in the next quarter, perhaps even the next few weeks. Then the herd will turn up. Do you want to be the Justin Waite guy sitting in the corner of the pub telling everyone that you could have bought Bushveld at less than 13p, but didn't ?

Bubby - of course the relevance that your point has to the thread title is that if Duferco are going to be converting their CLN's to shares then they are not going to be flipping them short term. They will be taking the shares because they want to be on the Bushveld train as it leaves the station. Hence no shares for MMs

jogj99 - that's a very interesting interview that all AIM investors should listen to

Daisydog - the situation has changed and there is clear proof that none of the top 10 shareholders have reduced their holding inthe last 5 months - only the Golden Summit number has changed and we have been assured by Chika that this is purely because the shares have been transferred to a different holding entity and the beneficial owner has not changed.

Furthermore the holding held in nominee accounts like Interactive Investor and AJ Bell have actually increased over that time.

People have to remember that the Market Makers are permitted to dream up apparent shares out of thin air. Nobody else is allowed to do this - do you think that they retain such a power without ever using it - no they use this power to damp out buying pressure when it appears in response to good news and then simply move the price down to score shares at even lower prices. The more tightly that people hold onto their shares the harder the MMs have to work to try and close their short. Eventually something has to give.

yeah you would have thought that people would have learned the lessons of Nick Leeson, but they never do because they are constantly betting against people who they assume know next to nothing about what they are investing in, and they often win because they either last longer or manage to mess with the market to get what they want.

On this occasion they are up against a company and a group of investors that know exactly what they are doing.