Member Info for Alfacomp

The simple fact is that short term SP movements really have nowt to do with the fluctuations of V prices but everything to do with the behaviour of Market Makers and other short term traders. As I outlined yesterday when the true nature of the vertically integrated mines-to-batteries business model is confirmed publicly the stock will start to be viewed as a key technology play in one of the largest investment opportunities - stationary energy storage, of the next 2 decades.

if you ask me they are getting completely done on the spread. Plus timing them at 3pm guarantees that the MMs know precisely when to do that.

I will answer my own question:-

Tesla's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2019 was $-5.07. As of today (2020-02-20), Tesla's share price is $917.42.

The simple fact is that as soon as BMN ties up the the Enerox and Avalon/RedT acquisitions it becomes a vertically integrated mines-to-batteries proposition unlike no other in the entire energy storage space. That makes it a technology play so you can forget about trying to do piecemeal valuations of mining companies with PE's of only 10.

What is Tesla's PE at present ?

schoolboy error shearclass

Bomber - those figures, based as they are on the H1 2019 numbers reported in september 2019 correspond to a sold Vanadium product of only 2230 Tonnes per annum. With our new asset Vanchem now producing 2020 guidance is between 3000+960 = 3,9600 and 3,200 + 1,100 = 4,300 (30th Jan 2020 RNS) - so between 177% and 193% higher than the H1 2019 figure.

Production costs have already fallen 5.7% from then (now USD 18.2 per KgV instead of USD 19.2 KgV). Furthermore the 20M figure that you have quoted for selling and distribution costs, based as it is on an 8.5M figure in H1 2019 is inexplicably 235% times that value so can you let us know how you arrived at that figure. Indeed the 8.5M figure for H1 2019 already factors in many once off costs that make it significantly more than simply half the entire 2018 sales and distribution figure of USD 10.66M.

SG that wasn’t a loophole I was aware of - still it is going to hit the short duration lithium ion units so well done BEIS

Vauxhall Viva - an excellent summary so it seems you have been very effectively been able to educate yourself about Vanadium and VRFBs from a 2018 standing start.

The question of whether Vanadium price spikes can kill the VRFB market is one that I posed at the Vanitec meeting in London in late 2017

https://www.thebushveldperspective.com/blog/public-articles-1/post/vanitec-3rd-energy-storage-meeting-part-1-175
https://www.thebushveldperspective.com/blog/public-articles-1/post/vanitec-3rd-energy-storage-meeting-part-2-174
https://www.thebushveldperspective.com/blog/public-articles-1/post/vanitec-3rd-energy-storage-meeting-part-3-173

In that meeting I asked whether a strong FeV market price could kill the potential VRFB golden goose. I remember Fortune smiling and very few other people saying too much to counter that view. If you read those articles you can see that these guys (Fortune and Alberto) already had good ideas to deal with vanadium price 'volatility' - namely introducing the leasing model.

That model has of course now been introduced by BMN/Avalon and others but the situation is even better for BMN than it was then. Now we stand on the threshold of having long term vertical integration with not just Cellcube/Enerox but also Avalon/Redt - in that scenario where Bushveld Energy stands to garner significant revenue from electrolyte production and further downstream project engagement, plus potentially leasing income BMN have effectively created a walled garden for their favoured VRFB producers wherein they can pretty much guarantee to supply them the Vanadium they need at whatever cost BMN chooses.

If Vanadium prices rise again then the steel manufacturers end up ploughing cash into BMN's coffers thereby further helping to subsidise the development of the VRFB industry. This will drive even more VRFB manufacturers to either the wall, or our camp.

The vertical integration of Vanadium mining and VRFB production is a trick impossible in any other battery technology because of the lack of strong dependence on any single metal. It is this insight that has driven Fortune and Mikhail to build this game-changing long term strategy, which I believe you are all just about to see play out.

Thanks for all the best wishes on my holiday by the way, having a great time here and finding a little extra to keep up with all the developments here.

jonny - the 1MW minigrid with 1MW/4MWh battery, although it would potentially only power 8% of the mine's power needs at any point might actually make much more of a saving than that - how ? By charging and discharging twice a day it can reduce the peaks of power that may be drawn from the eskom grid, which might not only reduce 1) peak capacity charges which may be incurred if a peak is only reached for 1 second a month but also 2) smooth out demand such that cheap electricity is taken from the grid at night to charge the battery before it is discharged during the morning followed by a recharge during the peak sunlight hours and subsequent discharge in the late afternoon and evening. It could be that different per unit pricing is applied at all of these times, and yes we'll only be using eskom electricity when it is cheapest.

Very exciting prospect

word is starting to get out that we are close to completing the deal with Cellcube/Enerox one the VRFB market leaders.

SG - nice find. A couple of additional points.

1) Rongke make their own membrane so they are not reliant of Dupont Nafion
2) The quoted prices for Nafion membrane are bound to come down once there is the realistic prospect of competition for a significant slice of a major market. The Dupont guys told me they could give better prices if people asked for larger quantities. I suspect that an academic's view of the Dupont Nafion price is not the same as a commercial industrial manufacturer, or consortium of the same.

JD1972 - yep the 18148s are matched end day pairs, two sets, suggesting that they are having to go via two Market Makers. Either way they are irrelevant to the nett daily trading position.

Mikinaman - as you mentioned volume it is interesting to note that today was the highest this year, beating yesterday previous highest.

I see no reason to provide you with information that you simply misrepresent - you clearly viewed the image that I posted on twitter on the 24th December showing the work onsite at Elidz and have today misrepresented that site as ‘greenfield’ furthermore you simply copied and posted all the references that I provided after having insinuated that I didn’t know which plot was the BE one. You sir are a liar and a bounder.

anyone who wishes to check this for themselves can see that 60936 is clearly stated as the site in the Bushveld Energy tender document here:- https://www.bushveldenergy.com/tenders/

Then you can confirm what I have stated wrt to the location by looking at the map here:- https://www.nda.agric.za/doaDev/sideMenu/fisheries/03_areasofwork/Aquaculture/AquacultureInvestmentPolicyDialogue/ELIDZ%20Sites.pdf

Finally you can check the Sentinel satellite imagery by following the video here:- https://www.youtube.com/watch?v=lhbwrbRjmOI

impinges into 60936 of course

If you look very carefully SotRR you will see that there has been a triangular area cleared which impinges into 60938 plus a clear square area that has been cleared which abuts the Ikhala road. This work has all been done since the 13th of November as you can obviously now check for yourself by comparing the Sentinel L2 images for that day as well.

It is your deliberate misrepresentation of basic facts like this that has caused you to be booted out of the Twitter group devoted to pursing the complaint with the FCA. You are clearly now a duplicitous actor.

This puts it at the precise junction of the Ikhala and Umsimbithi roads as anyone with access to google maps can see here:-

https://www.google.com/maps/place/East+London,+South+Africa/@-33.0585146,27.8537568,18z/data=!4m5!3m4!1s0x1e66e6fc26098303:0x62b7d874cc1a1b9f!8m2!3d-33.0291582!4d27.8545867

SoTRR - yes it is ELIDZ site number 60936, which is next to 60938 and 60935