Member Info for Alfacomp

RK - 9500 Kg of electrolyte would be about 7920 Litres at a density of 1.2. Assuming 6.8% electrolyte mass is Vanadium this corresponds to 646 Kg of Vanadium.

646 Kg for 130kWh would be 646/0.13 = 4,970 Kg/MWh = 4,970 Tonnes V per GWh, exactly matching the figures I outlined previously.

Nice find on the Cellcube installation Richken - these look not dissimilar to the VRFB batteries proposed for the Vametco 1Mw/4MWh minigrid.

The World Bank Group (WBG) has committed $1 billion for Battery Storage to accelerate investments in battery storage for energy systems in
low and middle-income countries
? Expected to mobilise an additional $4 billion in concessional climate financing and public and private investments
? The program is expected to help these countries ramp up their use of renewables – particularly wind and solar power – improve
energy security, increase grid stability and expand access to electricity
? The program aims to finance 17.5GWh of battery storage by 2025

http://www.bushveldminerals.com/wp-content/uploads/2019/04/March-2019-Corporate-Presentation.pdf

also worth a read

This paper from Mkinsey suggests that up to 400 million people in rural Africa could benefit from minigrids, otherwise described as distributed solar.

https://www.mckinsey.com/~/media/mckinsey/industries/retail/our%20insights/east%20africa%20the%20next%20hub%20for%20apparel%20sourcing/brighter_africa_the_growth_potential_of_the_sub%20saharan_electricity_sector.ashx

I wonder if Mikhail Nikomarov, CEO of Bushveld Energy knows about this possibility. Perhaps he should ask Mikhail Nikomarov, joint author of the report.

Vauxhall Viva, the first stage is 800 MWh which would require approx 4000 Tones of Vanadium, required by the end of 2020. Vametco and Vanchem currently already produce about that much using only 2 out of the 4 combined Kilns, feed Mokopane ore to the 2 unused kilns at Vanchem and it seems not impossible that they could produce enough Vanadium for all 800MWh.

Bella - the amount of Vanadium needed per GWh of energy storage is approximately 5000 Tonnes V. This translates as 8929 Tonnes of V2O5 because V2O5 is only 56% V by mass.

In terms of electrolyte the concentration of the Vanadium in the classic single acid electrolyte is at least 1.6 Moles per litre. The relative molar mass of Vanadium is 50.94 so Vanadium in solution at a 1.6 Moles per litre would work out at 81.5g per litre.

The underlying solution is sulphuric acid (to dissolve the Vanadium metal into solution you need a strong acid) so will have a relative density of about 1.2 - so 1200g per litre - so V mass makes up about 6.8% of the total electrolyte liquid mass. This is less than many might have initially guessed but you cannot increase the intrinsic solubility of Vanadium metal and above 1.8 Molarity you start to get problems with the Vanadium ions coming out of solution (precipitation in its chemistry meaning.)

The mixed acids electrolyte, containing Sulphuric and Hydrochloric acid does increase the V solubility to above 2.5 M/l (so up 56% on the classic electrolyte) but you still need pretty much the same amount of Vanadium to store the same amount of energy.

(https://www.energy.gov/sites/prod/files/ESS%202010%20Update%20Conference%20-%20A%20New%20Vanadium%20Redox%20Flow%20Battery%20Using%20Mixed%20Acid%20Electrolytes%20-%20Liyu%20Li,%20PNNL.pdf - see slide 17 to see that the amount of energy stored per V atom in the classic and mixed acids electrolyte is the same to within approx 10%)

beginerman - 4M shares is not so vast, there are many here who have more than that. What it does mean though is that they will only make money by selling those shares at higher prices.

Ahhh but will higher prices come ? I hear some ask. I certainly do but who else ?

Well, certainly the market makers clearly think so, and they control the share price. So that would appear to be something of a recommendation would it not ?

As well as the obvious fundamental news that will be coming shortly wrt Vanchem, financials, BE, Imaloto, Mokopane, etc. there is also the not small issue of the 7.9M short position held by TPEP since the start of June. The MM's (and now everyone here) have received strong circumstantial evidence that Vaneck will not sell their shares at less than 26p. Since there is also a strong and reasoned belied that TPEP borrowed their shares from Vaneck, this means that the Market Makers can see that they will only be getting Vaneck's 4,064,471 shares back once 26p has been reached. This means that the MMs know they should force the SP over that level before TPEP close out their short, if the MMs are going to be able to have enough shares to provide back to TPEP.

UNLESS - the MMs are currently accumulating a juicy little block of 7.9M shares to let TPEP out easily. They have about half of that already.

It is up to you to decide if they get to swing this nice little number, or not.

Good on you Pdub, enjoy every day, and make sure you don't switch on the Parliament channel.

I count 1,849,289 Buys versus 2,348,776 but the SP not changed. Having indulged the market with 800K dropped in around 10am - this was quickly absorbed with a flurry of buying (albeit limited by the allowable Buy sizes at the time, naughty, naughty MMs).

A series of rollovers just before 3pm didn't change things much so at the end of play the MMs had to chuck another couple of 250K on the barbie so that they could increase their long position by another 500K shares. This brings the total accumulated since the start of september to approximately 3.75M shares.

Perhaps they are considering selling these at cost to allow those residents of the AIM markets to buy in cheaply when the Vanchem purchase completes thus avoiding them having to consider the challenging prospect of actually having to do any research on the companies in which they invest.

UKSteveg - BBN doesn't need to post here because he wrote these articles on the subject:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-your-time-is-coming-336 - 2972 views

https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-eskom-battery-mandate-2018-339 - 2689 views

https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-your-time-has-now-arrived-355 - 1969 views

with my own rather humble contribution here:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/eskom-battery-site-visit-410 - 2211 views

things are different. There's a 238,300 Buy close to the upper bound of the Ask that they sat on for an hour then deigned to tell us about, and another 20 grands worth just gone through. You better not wait too long before the MMs start moving the price back up to get the buyers to pay more than they (the MMs) paid for their little stash.

.... and the 1MW/4MWh PV+VRFB minigrid at Vametco. The first in the entire global mining industry.

the market makers bought 1,217,820 shares but sold only 711,465 - they accumulated another 506,355 shares at around 20.5p. This is on top of the c. 3M that they had accumulated since the start of september.

Why are they doing this. Are they establishing a home for stray Bushveld Shares, a seaside retirement home for all those bits of proxy paper or the equivalent of a foodbank for stockbrokers ?

No , of course not, they are running an imbalanced book so that they can accumulate a juicy block of cheap shares for the next step up. Sell them shares now if you want to hand over your profit to them. Otherwise learn the art of patience.

Making stuff up again 'expert' ? He never said that.

****expert - the clever people were the ones who got IN when the price was sub 2p. Where were you and your fictional 3.4M share holding then ?

Raz10 - yes TPEP has a short of around 7.9M which was established on the 7th of June and which according to yesterday's FCA report ( https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions) is still open.

daisydog, because the 'Market' is a small number of investors who are actually aware of the story controlled by an even smaller number of market makers who are simply moving the price so as to line their pockets.

Indeed, which is why I had another 5 grand's worth yesterday. You'd be crazy not to at these levels and with the news that we have ahead of us.

Lindon - "rarely is there a premium in the sp for ‘future potential’ " that is clearly not what happened prior to the closing of the Vametco deal so why all of a sudden do you think it is the case now ?

I have the 500K down as a sell, from someone who has just handed half a million shares to the market makers at 21.0p. This could be simply someone who lost patience, or I think more likely part of a large worked tame seller's block that the MMs have simply printed for themselves whilst chuckling to themselves 'oh sorry mate I, erm I mean the market, just would not pay any more !'

Robbery