Member Info for Alfacomp

Libero - BMN does not own 84% of EHL it owns 84% of BEL which is our vehicle that is invested in the EHL. The BEL stake in EHL is unknown at this point.

Libero - you do not need to feel sorry for anyone - the Cellcube (aka Stina resources) guys still have 10% of the company and are to my mind darn lucky to get that after making such a pigs ear of their own 'vertically integrated vanadium' plans. Cripes they cannot even sort out their own accounts.

The Enerox guys are the same team that was previously known as Gildemeister - they have been passed from pillar to post over the last decade through multiple impatient and incompetent owners and now having a majority owner that 1) actually believes in the company and 2) is strategically positioned to help make their plans happen. They should be jumping for joy this morning.

at 8:01 again it would appear, but not reported as such. I wonder if that is illegal.

Brad29 - not quite EHL have 90% of Enerox for around $6M. Still we have a useful stake in EHL and will now also have first rights of supply of Vanadium to the company, just like Invinity.

Invinity and Enerox make a great pair - they operate at complementary scales - Enerox for container sized systems, Invinity for slightly smaller sub-container sized ones. What you are witnessing will ultimately be recorded as the textbook cornering of an entire technology sector, but without using the normal method of patents which can only be proven by going to court - instead we are relying upon a much more powerful factor, that of our near-monopoly on primary Vanadium processing assets in the west.

Halespur and Lindon - the amount of Vanadium needed to store a particular amount of energy is theoretically close to 4Kg/kWh - the reason that FM and MN have quoted higher, and changing values for this is because the design and operation of the power stacks determines how close to the ideal zero in SoC that you can go to before the internal loss of efficiency in the stack dominates and you effectively cannot get any more out of the electrolyte.

Thus you might install a VRFB today with electrolyte utilised at 5 kg/kWh but in 10 years time when you may be looking at a maintenance cycle on the stacks you may be able to upgrade them with higher performing stacks that only need 4.5kg/kWh. The end result is that instead of VRFB's degrading with time as the internal mesoscopic structure breaks down, as in a Lithium-ion battery, the VRFB capacity may actually INCREASE with time as power stack improvements are applied and the Vanadium electrolyte is used more efficiently.

Halespur 1760 mTV x $30,000/mTV = $ 52.8 Million

But remember that is just for the Vanadium. VRFB electrolyte adds to the cost that can be charged.

very good but that is only the start - I expect to see tenders for about another 520 MWh and that is just to meet the revised 840MWh capacity of Phase 1 of the Eskom BESS

You will see that Koekenaap is in the western cape so this is entirely consistent with the phase 1 plan described by BigBiteNow from 2018 here:- https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-eskom-battery-mandate-2018-339

If you have a look for Skaapvlei, Vrerendal and Koekenap you will see that they all lie on the Oliphant's river valley and are therefore within about 15km of the 105.8MW sere wind farm, Eskom's largest wind farm in South Africa.

The good news is that there's another 10 wind farms that are larger than this in SA, all operated by independent operators under REIPPP projects ( https://en.wikipedia.org/wiki/List_of_wind_farms_in_South_Africa )

paul you don't need to tell us you need to tell the Lithium boys who fanatically assert that Lithium can do everything and no other technology is necessary. We know that is not the case but it is crazies like explorer, mentor, ambassador, polyglot and actor Marek Kubik you need to get the message across to - https://www.mkubik.com/

Libero - no I expect that Enerox are not going to have anything to do with Cellcube (previously known as Stina resources) once they have been sold by them.

Libero - the cellcube trademark name was taken by Stina resources when they took over the remaining rump of Gildemeister in around 2018. The people who actually make the batteries are now reformulated as Enerox and BMN have taken a stake in them. The people who don't make the batteries are still holding onto the Cellcube name whilst they try and sort out their historical accounts.

yes you should read bushveld's submission to the commission, it is very robust.

Fortunately our Nitrovan is not covered by this as it is a product not made in the US so they can hardly claim that foreigners are damaging their existing industry.

same old market Daisydog, complete lack of rationality.

Diamond Lover - if you only want to buy shares if they rise within a month then I suggest that you go elsewhere. It appears that you have unreasonable expectations about being an investor in Bushveld Minerals.

Diamond Lover, not annoying if you are buying.

Diamond Lover - I am not going to put on record any fully reasoned theory just so that the trolls can do their best to pick it apart and undermine my credibility - maybe there has been some selling from bored PI's who were looking for quick returns, maybe the tape has been painted to make it look that way so that PI spreadbet positions were taken out by MMs who couldn't close their own short positions any other way.

It is clear that the SP bears no relation to the fundamental progress that the company has made - the selling overhang observed in 2017-2018 ( https://www.thebushveldperspective.com/slides/slide/bushveld-minerals-in-a-minute-50 ) is just one example of the way in which the market can behave irrationally, but there are many other mechanisms that can lead to such a disconnect and some of these may be currently in play. This is why endless talk about the short term movements of the SP is to my mind not very illuminating, and why I do not focus at all on it these days. The remarkable progress that the company has made to lock into the VRFB supply chain over the last 3 years IS something to continually remind oneself of - you may not get a second chance to buy into the VRFB revolution that is clearly coming.

Not only that but we've been told by Chika that Golden Summit did not have to submit a TR1 when their holding apparently went below 5% in the last 3 months is because the shares were simply being transferred to another account of theirs - so there is no change in the ultimate beneficiary.

All this talk of significant investors selling up doesn't hold water I'm afraid.

Between 31st october 2019 and 30th June 2020 Yellow Dragon's Holding did not change from 33,914,729

no

Libero, yep the story is covered here:- https://www.thebushveldperspective.com/the-corbine-cup