Member Info for Alfacomp

The comparison with BMN is irrelevant - you should be comparing Iron with Tando resources. But whatever invest where you like and good luck.

Inner-Harmony - sorry mate I don't think these are the sells you are looking for (copyright Lucasfilm)

642K Buys vs 291K Sells at present - an excess of 350K

as requested :- https://www.thebushveldperspective.com/trading-analysis-18th-jan-2019

cozza thanks for the information - I now make it 300,000 more Buys than Sells despite there being no trade larger than 63K reported so far today. So far everything looks like chunky PI trades (mainly Buys)

Paludina, presumably the boxes are on pallets and can be forklifted out of the container - that way each shipment can easily be subdivided for onward distribution

Yes I was waiting to see if anyone noticed. Do people really want a running daily trade analysis ?

nick - can you summarise as this article is behind a paywall

Loudspeaker - do you understand how asianmetal manage to get any minus values for their 360 day price movements - clearly the price of all Vanadium commodities is higher now than it was a year ago

https://www.thebushveldperspective.com/vanadium-prices

Compass - no the bags go into containers and the containers go on ships, as monitored carefully by Paludina here:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/nitrovan-shipments-to-the-us-183

Ninvestor - your result of 30 is very much in line with the previous analysis that Calder Capital did on the entire AIM top 120 - there he found that a PE of 25 seemed slightly on the low side.

https://www.thebushveldperspective.com/blog/public-articles-1/post/bushveld-minerals-vs-aim120-financial-analysis-281

One of the key things in Bushveld's Favour is the lack of any debt.

steven - I think you need to read www.thebushveldperspective.com to understand really what Bushveld Minerals is about. It is so much more than simply a Vanadium play that is many times the size of Ironveld's one.

Obviously Ironveld's smelter plans keep changing and who knows whether they will get any credit for the relatively small amount of Vanadium by-product that they would get from shipping their iron-ore to a third party to do what they will with. If I was their customer I would say, sure we can pay you for the Iron but forget about the Vanadium - that price goes up and down and who knows if we are ever going to use any of it.

If I was Ironveld I would at least spend a couple of hundred quid on their website which is to be frank, not excusably, dire.

Mikemine - a great find.

Maria Skyllas Kazacos, the inventor of the Vanadium flow battery pointed out at the International Flow Battery Forum last year that Domestic battery storage only took off in Australia when the (coal-loving) government decided that they were going to cut back or remove all feed-in tariffs from domestic PV panels - thus a lot of people who had installed PV panels were no longer paid to export their excess electricity back to the grid. If the grid is not going to pay you for that electricity then you might as well store it so that you can by even less electricity from the grid later in the day.

You are right that windpower is possibly a better option for storage, and especially VRFB storage as in principle they can be charged and discharged 0-100% a number of times a day without any loss of long term capacity. The same is of course not true of Lithium-ion batteries. Perhaps people in government don't know enough about VRFBs yet ?

It would appear that Northern Power Grid is a currently classed as a District Network Operator (DNO) and as dumaskullanga has pointed out the DNO's are precluded from owning energy storage assets. Is this an example of a government cock-up or some kind of entrenched favouritism/monopolistic behaviour in the industry ?

Well no it seems if you read this ( https://www.engerati.com/article/uk-networks-switch-dno-dso-western-power-distribution ):-

----

Currently the DNOs control and maintain the transmission and distribution networks. Under the DSO model, the operator will take a more active role in managing local electricity generation and use.

Specifically, under the Electricity Network s Association new definition the DSOs will securely operate and develop an active distribution system comprising networks, demand, generation and other flexible distributed energy resources. They will enable competitive access to markets and the optimal use of distributed resources on distribution networks in the support of whole system optimisation.

They also will enable customers to be both producers and consumers; enabling customer access, customer choice and great customer service.

“Defining the changes to our local electricity networks will create a platform for exciting new opportunities for them to engage in the energy market, enabling households and businesses to have greater control over their electricity and unlock the potential from new technologies like battery storage and electric vehicles in their everyday lives,” says Director of Policy Tony Glover.

----

It seems that a number of the DNO's, including Northern Powergrid, are actually transitioning from DNO status to become DSO's and therefore, I assume, qualify for owning and operating energy storage assets ( https://communityenergyengland.org/pages/the-transition-from-dno-to-dso-what-could-it-mean-for-community-and-local-energy/* ) - thus it seems nobody is being prevented from taking on energy storage, they are just being required to do it according to some rules which the industry itself has defined. Happy to be corrected though if I have missed anything here.

raffym - from the ARC broker initiation of coverage in march 2018:-

The mine has been in operation since the late 1960s when it was established by then
owner Union Carbide of the US. The latter was acquired by Strategic Minerals Corp
(SMC), also of the US, in 1986 and renamed Vametco Minerals Corp (VMC). It
remained a wholly-owned US-registered subsidiary of SMC until 2006 when it was
converted into South African-incorporated entity Vametco Holdings (Pty) Ltd, held
75% by SMC and 25% (in the process of rising to 26%) by a ‘Black Economic
Empowerment’ (BEE) strategic partner.

Russian steel group EVRAZ acquired a 78.8% controlling stake in SMC in 2007,
becoming the majority owner of Vametco. The 21.2% balancing interest in SMC is
held by Japanese industrial conglomerate Sojitz.

http://www.bushveldminerals.com/wp-content/uploads/2018/03/BMN_010318.pdf

Of course BMN now owns 74% of Vametco Holdings (Pty) Ltd

Peterfal - what are we all going to say that is simply not shrugged off to the 'process' What Voltmeter mentioned was very interesting as it suggested there was some way in which energy storage was being prevented. This of course would be something we could all get behind with confidence.

Voltmeter - please can you get in contact with me via editorial@thebushveldperspective.com regarding this issue, which is very serious.

Excellent find Paludina

Lindon - it states that the potential partner for IRON is a steel producing plant. Unless there are secret plans for BMN to become a steelmaker (which I wouldn't necessarily dismiss out of hand, given the incredible surprises we've been given before) then it looks like it will not be us.

For example I see quite a big difference between the 6-10 GW of Energy Storage (including V2G energystorage) that National Grid proposes by 2030 and the Bloomberg NEF report which estimates around 15GW in the same year:

https://about.bnef.com/blog/global-storage-market-double-six-times-2030/

Interestingly California, which has a GDP similar to the entire UK is quoting 9.6GW of energy storage by 2030 ( https://globenewswire.com/news-release/2018/09/10/1568775/0/en/Energy-Storage-to-Play-Key-Role-for-California-to-Reach-Target-of-100-Zero-Emission-Electricity-by-2045.html )

So if we average the expectations for the UK and say by 2030 there will be 10GW of energy storage in the UK, how does that compare where we are now (2.9GW in 2019).

That 2.9GW is currently dominated by pumped hydro power plants which together contribute 2.8GW (Dinorwig 1.7 GW, Ffestiniog 0.36GW, Cruachan 0.44 GW, Foyers 0.3GW)

This leaves only 0.1GW for all other energy storage systems at present, let us double this to 0.2GW to take into account that there may be rounding errors.

Remember by by 2030 we are expecting to have 10 - 2.9 = 7.1 GW more energy storage systems available, at present we have no more than 0.2GW.

I see no plans for any pumped hydro-plants so we must assume that the government and electricity industry are hoping to use other technologies for this missing 7.1GW of energy storage. In short we have to increase our (non-pumped-hydro) energy storage by a factor of more than 35-fold.