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Interesting to see that in the last 6 months since the Draft Scoping Environmental Impact Assessment that the number of potential sites has reduced from 4 to 2 (only the original A and B remain)

Furthermore it is also worth pointing out the most recent comment regarding these sites:- "BEC are in the process of formally acquiring a long term lease for site A as their preferred site within the ELIDZ."

This is somewhat different to the previous comment:- "BEC are in the process of formally acquiring site A as their preferred site within the ELIDZ and once this process has been completed, BEC will become the owner of the site. Therefore, the property ownership details will change at a later stage in the project."

Thus BEC are maybe not looking to purchase this site freehold but instead simply lease it. This of course is how the majority of businesses work as it is a more effective and flexible use of capital.

Plus I like site A better because it has a nicer view of the sea and is closer to the Industrial Development Zone conference centre. It is also closer to an interesting company called ILB Helios. Can anyone guess what they make ?

Richken - just settling down to read the march 2019 updated Environmental Impact Assessment for the Bushveld Energy electrolyte production facility in East London Development Zone (http://www.cesnet.co.za/assets/Draft%20EIR%20080319.pdf ) and I'm immediately struck by quite just how much effort they are having to go to.

Whilst this may slow progress it also means that anyone else thinking about doing anything similar is going to have to jump through all these hoops too. This is what Warren Buffett calls having a 'moat'.

Not only do we have a moat but we also have a mine. Bushveld is building an unassailable position in VRFB energy storage.

middle east - come off it if you cannot see what is in front of you then I give up. Do you understand how AIM works ?

tosh 1onic - stick to rubbing each other's egos on the Teca board.

Nice find Richken - I'll definitely be reading that tomorrow.

indeed the correct URL is https://www.energy-storage.news/news/first-phase-of-chinas-biggest-flow-battery-put-into-operation-by-vrb

Zebediah - you are talking absolute nonsense - a 1440 MWh distributed battery storage program, spread across 46 sites is not a demonstrator - it is the largest systematic program of distributed grid scale energy storage in the world.

Try reading this https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-energy-eskom-battery-mandate-2018-339 and then come back and make some factual points not the nonsense you just made up.

kev - indeed this video shows it rather nicely:- https://www.thebushveldperspective.com/slides/slide/bushveld-minerals-in-a-minute-50

@BMNperspective

The 515K trade is a Buy and the 440K trade is a sell, both delayed by 1 day from thursday trading. Contact me on twitter if you want to see the trade analysis for thursday.

kev - indeed there are many such as Ironveld that have tried, and not exactly succeeded, in jumping on the back of the recent step change in Vanadium pricing. At over $100/Kg they may have been able to attract a degree of interest but now that the price has stabilised at more realistic levels any potential suitors would now be having second thoughts about explorers/juniors such as those.

This of course works very nicely for Glencore, who let's face it, are the dominant worldwide player outside of China. The move above $100/Kg, as per previous V price spikes, would have, ahem, almost definitely been a testament to their sales department's profound strategic, ahem, insight.

This volatility of course hurts the explorers and juniors the most as they are the ones looking for finance, and finance hates volatility - this allows the major players to pick off the minors as and when they feel like it. For us it is definitely very nice to be one of the majors now.

However all this is simply an amuse-bouche for the real story to come, which is completely changing the VRFB market - which is where BE comes in. There will be a lot more from me on this subject in the future.

Basil - if you want to appreciate some aspect of the games played on AIM watch the video here :- https://www.thebushveldperspective.com/slides/slide/bushveld-minerals-in-a-minute-50 and read the article here:- https://www.thebushveldperspective.com/blog/public-articles-1/post/the-end-of-erongo-260

As far as what listing on JSE will do - it will likely bring a significant number of South African buyers who would like to invest in Bushveld Minerals but cannot at present due to taxation rules on investments outside of South Africa. Given the deep understanding on this board I hesitate to assert that these people would naturally have a far deeper implicit understanding of the South African mining and energy context but it is not an unreasonable assumption.

The big thing, of course, is then BMN starts to be seen as a South African success story, one to be nurtured and encouraged by the South African policymakers, investors, citizens and employees.

Zebediah - sorry what is a technology 'demonstrator' project ?

that the Eskom Battery Energy Storage project is being funded by the world bank and the african development bank (via the Clean Technology Fund which the UK pays into) so Eskom's credit rating is irrelevant.

https://esmap.org/sites/default/files/events-files/7_South%20Africa%20-%20Eskom%20Battery%20Storage%20Project-4Feb2019.pdf

"Largest WB and AfDB operation on battery storage, mostly funded by CTF, this flagship project could serve as reference for many other"

Headancer - cripes you didn;t see what I saw yesterday - they should really be classed as explosives or chemical weapons.

Ophidian - there's a lot of knutters out there now.

Bolgas - we had a bet on the BMN board about how long it would take for someone to come up with that nonsense.

Yep I have bought 18.5 grand of MKA whilst holding 3.6 Million quid in BMN - massive topslicing and a pivot to diversification would you not agree ?

Actually I am really bored of intercoursing with a lowlife like yourself so why don't you just do one. You are like a curse on every board that you frequent.

beefslices - it makes no sense of course but that is what happens if traders try messing with the prices - I'm not complaining though as I was just able to pick up another 100K shares. Really one mustn't grumble when the sales are on.

kinkladze - thanks for the positive feedback about trade analysis. I'll see what I can do about publishing this analysis - perhaps easiest would simply be if there was a MKA twitter group to join. It is easy to post graphics there.

there may be 4 Market Makers on the Bid but only one on the Ask, according to IG