Member Info for Alfacomp

"but owing to the short lead times involved with the RMIPPPP"

Buys 378,657
Sells 122,041

Buys outnumber Sells by 3:1

Bid is rising, they cannot get any more shares at these prices and their short position is just growing day by day.

Time to give up and let the price move up.

indeed Sanchez - at some point the message will break through all the noise and people will say "how come we didn't know about these things earlier ?" and answer will there be "because you didn't bother looking on the LSE BMN forum page as they are the only people who have actually bothered to keep abreast of VRFB developments".

PrimeRate - indeed - some of the reduction in grade is due to the fact that our stuff is petalite (effectively 4.88% Li2O), rather than spodumene which has up to 8.03% Li2O.

The advantage of people being able to sell spod is that they need to send less material to the downstream processors in order to get the same amount of stuff out as Lithium Carbonate, etc.

The advantage of petalite is that it easier to extract and tends to have less unwelcome impurities or phases that spodumene - hence our petalite is being considered for premium ceramic applications that need to have low iron impurity concentrations - this can be more valuable per Li2O unit cell than spodumene for battery applications.

Kalasin - it is interesting but it is an extreme case - he is trying to get 100% electricity supply from Solar, wind and Batteries and not considering longer term seasonal storage options such as hydrogen or biofuels. This is why he comes up with an optimum battery storage duration of 35-90 hours. This is fine if you don't want to consider those other seasonal options and are trying to push people into assuming they need batteries that are only competitive at 35 hours plus.

As https://www.nrel.gov/docs/fy19osti/74184.pdf shows the trouble is that A) the first 8 hours of storage can be used on an almost daily basis, but then the next 8-16 hours (B) may only be used 50 times a year and then hours 16-24 (C) maybe only a dozen or so times a year, and then the final 24-32 (D) hours maybe only a couple of times a year when you know the wind is going to be low in the winter.

Thus you can consider a 32 hours battery as 4x 8 hour batteries - A which is cycled daily and used very effectively, B which is only used a quarter as much, C a twentieth of the time and D one percent of the time.

If the technology were Lithium ion then A,B,C and D would all cost the same amount and you can see it is definitely not a wise use of capex.

If the technology is flow battery life is better as B, C and D can be obtained simply by adding in extra electrolyte (so the cost is less than A), but although C and D cost just as much as B they only get used a fraction of the time of B.

The lowest cost solution is to use a flow battery for 8 hours as the LCOS for an 8 hour VRFB is as good as that for Lithium and it provides additional flexibility and lack of degradation, combined with a seasonally optimised energy storage technology.

taufour - I think that you will find that 2 of those 150K trades were buys and two were sells, just like the 150K and 300K pairs at 9:20am

Sharesahoy - it is not possible to assert that - had the excess of buys been at the top of a recent ramp up in prices the likelihood would be that they're simply spiking the price, selling short and then going to move it down. At the bottom of a local price trend the likelihood of that being true is less as each tick they move it down makes their short position worse. Maybe they have some inside information about a mug punter holding a big leveraged long position at Xp - in which case they might move it down to try and reach that. It is not possible to conclude more rigorously based on only a single day's analysis.

Anyway I don't do trade analysis because it's just short term noise, like trying to figure out if a bird is going to fly left or right. Ultimately it is meaningless as the key thing is that lots of them fly north in the summer.

correction 724K more Buys than Sells.

I don't think so Lucan - my analysis shows 900K more buys than sells for the day. Market makers are not having much luck in getting shares

Bushy - if you are referring to the trade at 9:20 ish these are clearly rollovers

as I understand it under Namibian law the old spoil heaps do not have the same mining rights as the Uis mine and did not belong to Afritin - I believe that Afritin tried to challenge the rights to these that had been sold to someone else but that they did not get a useful result from that.

as I understand it under Namibian law the old spoil heaps do not have the same mining rights as the Uis mine and did not belong to Afritin - I believe that Afritin tried to challenge the rights to these that had been sold to someone else but that they did not get a useful result from that.

exactly jogj99 - and that of course was the purpose of the pumping

good luck with that Gambit - the people who have pitched up in the last 2 weeks don't care about fundamentals, and I predict that at least half of them will be out by tomorrow.

it's the difference between investing and simply following a rampfest

Uksteveg - the issues with RedT only went away after Bolgas left and bushveld helped save what was left of RedT by combining it with Avalon.

There was a structural issue with RedT and Bolgas in that they thought that the world should make them lots of Vanadium for low cost but were short on ideas of how to do that. It took Fortune and Mikhail to solve that problem which is how come we now have a stake in Invinity and Joint venture to make leased Vanadium electrolyte.

The people who arrived on the FAR board a week ago will have just as easily disappeared in a couple of weeks time - there is nothing to fear from the truth.

let's hope his marriage is rock solid

they are not a primary producer they have been reprocessing Vanadium rich waste not mining their own ore. That is an outright untruth.

oh I forgot to mention - the point about comparing with Arcadia's resource is that it is comprised of the difficult to handle mix of petalite and spodumene - hence Afritin's Lithium is probably also easier to get out.

That's a fascinating video Safaniya - nice to hear that there were members of Afritin at the presentation and also very interesting to discover that a mixture of spodumene and petalite, although they both contain Lithium (in different amounts) can end up being a bit challenging to process. From everything that has been said about Afritin's Lithium so far there is very little mention ever made of spodumene, suggesting that the ore, during crystallisation, remained below the spodumene/petalite phase thereby producing essentially pure petalite.

I note that the Arcadia project in Zimbabwe is highlighted as 'one of the biggest resources globally' - this is 72 million tonnes at 1.11% Li2O.

This compares with Afritin's 71.54 million tonnes at 0.63% Li2O grade - i.e. Afritin's contained metal is 57% of that of Arcadia

The important thing about Afritin's Lithium is that of course the grade doesn't matter so much as all the costs of digging it up and grinding it are covered by the profit made on the Tin extracted. Thus we have a rather low cost Lithium resource that is almost 2/3rds of the size of 'one of the biggest resources globally'.

Uis is really a bit of a remarkable find.

nice to see they are taking their Battery market data from a Bushveld Minerals' presentation