Member Info for Alfacomp

Halespur - whilst their website has actually been down for the whole of the weekend you can in fact get a copy of Terry Perles' market assessment here:- http://www.ferro-alloy.com/en/vanadium/TTP%20Squared%20market%20summary%203%20April%202020.pdf

Page 16 shows average Chinese stone coal projects have a production cost of $9/lb V2O5

FAR are claiming that they are going to be able to do it for around 1/6th of that cost. The only question is do you believe them because the facts are nobody else in the world is able to produce from a stone-coal resource at less than $8.50/lb

With claims as wild as this until it is demonstrated I do not believe it.

no problem Halespur - it's just that there are many people looking in who may not be as aware of the subtleties of Vanadium processing as we are and we don't wish to add to the confusion that some in the field have managed to create.

Sanchez - imagine a game where I sell you a 'token for £5'. I sell this to you for £2.50 but the key part of this game is that the token cannot be reimbursed for £5 until I say so.

On day 1 you say "can I get my £5 today" - I answer "no, not yet"
on day 2 you ask "okay is today the day ?" - answer "no, not yet"
on day 50 you say "when can I get my £5 back ?" - "not yet, but I'll let you have £2 back" I answer
on day 51 you say "okay this is getting silly, when can I have my £5 ?" - answer "not yet but I'll give you £1.50 back"

on day 55 you take a pound.

Halespur you need to be explicit when stating in-magnetite grades as you have - anything over 1.5% is not the percent in whole rock but in just the magnetite fraction. This is the grade that you end up after magnetic concentration, which is a very cheap process step, and which of course cannot be used FAR's type of black-shale (aka stone coal) ore.

3) FAR production costs ? - further consultation of http://ferro-alloy.com/en/news/FAR%20-%20Corporate%20Presentation%20-%20%20update%20March%202019.pdf on page 18 shows them stating:-

"Base-case uses $7.50/lb V2O5, well below the current low price of $16.25/lb (1 February 2019)"

Well anyone who has been watching the price of Vanadium over the last 3 years can immediately spot the problem with that statement.

$16.25 per pound of V2O5 is not in any way 'low' - it was the price approximately 2 months after the extreme peaks of 2018 - so in what way can it be described as 'low' ? Well perhaps if someone gave you two prices $16.5 and $16.25 then it might be described as 'low' as a purely semantic sleight of hand but it is a highly deceptive way to describe a price of $16.25 per pound of V2O5. A more accurate way to describe this price would be 'unusually high'.

Thus it would appear that some people may have been not paying sufficient attention to some of the claims being made by FAR

'humungous' is actually relatively small, and
'low price' is actually unusually high

In the light of these misstatements can anything that they claim really be taken in any seriousness ?

1) The first thing to note about FAR is its JORC resource :- 24.3 Million tonnes at 0.68% V2O5 hosting 166,000 Tonnes of V2O5 ( see page 10 here:- http://ferro-alloy.com/en/news/FAR%20-%20Corporate%20Presentation%20-%20%20update%20March%202019.pdf )

This makes it approximately 1/23rd of the size of BMN's total contained JORC stated resources (Vametco, Brits and Mokopane).

2) So where has this 'humungous' nonsense come from ?

It would appear that some are taking the word of the Kazahk state resource committee (GKZ) at their word when they assert that there is another 71Mt at 0.745% 'reserve' available - note it is VERY VERY important to understand that this use of the word 'reserve' in the east is not comparable with the JORC use of the word 'reserve'. JORC reserves are even more economically proven that JORC resources. As no major scale extraction has been demonstrated by FAR they are NOWHERE near to establishing a reserve as defined by the international standard JORC.

Even if you add the full 71MT at 0.745% V2O5 you only add another 529,000 Tonnes of V2O5 bringing the total to an absolute maximum of 695,000 Tonnes V2O5. This makes the absolute maximum they can claim as approximately 18% of the total of Bushveld Minerals' resources (Brits 372 kT, Vametco 1450 kT, Mokopane 2,028 kT)

YTSS - they may have been struggling to get the shares so have decided to target leveraged long holdings to force them to sell at low strike prices. This is why you should be incredibly careful when using spreadbetting sites to build long positions - you don't actually own the shares and the spreadbetting site doesn't care if you get nailed by a market move like this.

My analysis shows more than 5M more buys than sells yesterday.

So anyone who claims that there wasn't significant buying yesterday is talking out of their proverbial.

Nobody is moving on Delano, but given your attitude I suggest that you do.

Nick - that's not fair you only let me get 4x25K !

Larky - you can buy if you are quick enough and don't try buying too many

I agree about the treeshake but am not complaining

its not actually that difficult to work out with reasonable accuracy which are buys and which are sells, notwithstanding obvious obfuscation. It takes me 10-15 minutes on a typical Bushveld day.

indeed

https://www.energy-storage.news/news/new-era-as-us-department-of-energy-gets-started-on-long-duration-energy-sto

This is being built at Pacific Northwest National Lab. Where did UniEnergyTechnologies spin out from are where are they based ?

Yes we are expanding did you not know - we can use the cash better than having it locked up in shares that have already doubled in value.

they obviously decided that they didn't need a director to monitor the Invinity board and as this would have required an increase in holding to >10% after 1st April 2021 they have decided that dropping below 5% a few days before that amounts to the same thing.

Wise words 'Sir' Fara Mog

Introv - indeed the BMN vametco BESS is designed to charge twice a day - once from the PV panels and once (overnight) from the grid. This is what is called really using your battery.

The fact that the RMIPPPP tenders seem to have been specifically excluded charging from the grid (i.e. because they were desperate to add more generation capacity not reuse what they've already got more wisely) will have counted against VRFB technology.

The Eskom BESS tenders are much less likely to have any such restriction - they will want to use the batteries the world bank have so kindly funded as much as they possibly can, perhaps even this is why RMIPPPP projects were excluded so that there would be spare generated energy that could be sent to the WB BESS batteries.

This is the best video I have seen on the subject of Texas winter storms - it also reveals how energy storage is needed for grids

https://www.youtube.com/watch?v=08mwXICY4JM