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As promised

https://www.thebushveldperspective.com/trading-analysis-4th-dec-2018

with your coffees ladies and gents ?

Buzzz - whilst that document shows the Bushveld Energy Batteries it also lists SolarReserve as the project applicant (https://www.solarreserve.com/en/global-projects) - as well as being the prime contractor on the 100MW Redstone CSP (https://renewablesnow.com/news/s-african-csp-project-of-100-mw-secures-usd-220m-in-adb-funding-635181/) in South Africa they also have very large (2x75MW + 96MW) pure PV projects there also.

With the recent backtracking by Eskom on the Kiwano 100MW CSP project (https://www.esi-africa.com/eskom-ditches-csp-project-for-battery-storage-development/ ) in favour of PV + Battery storage instead SolarReserve will need to find an alternative partner to provide energy storage for their PV projects.

Step forward Bushveld Energy !

This is the league we'd then be in:

Dalian VRFB 800 MWh (being built)
Hubei VRFB 500 MWh (being built)
Kyushu Electric - Buzen Substation - NAS 300 MWh
Jamestown LIB 129 MWh
SDG&E Escondido Substation LIB 120 MWh
Aliso Canyon SCE Mira Loma Substation - LIB 80 MWh
AltaGas Pomona Energy - SCE / Greensmith Energy - LIB 80 MWh
Mokopane VRFB 60MWh (suggested)

If this was built it would be the 8th Largest Battery in the world, and the largest to be owned by a private company.

You star Buzzz

Yesterday's closing price was 39.50 so the -0.75p that is currently showing for the SP at 39.25p is complete nonsense

I have laid out all the data here:-

https://www.thebushveldperspective.com/the-great-tncp-hunt

The TNCP trades often come as pairs with matching quantities but different prices. Though not always eg the 23 Nov:-

168 23-Nov-18 17:12:16 44.500 10,944
170 23-Nov-18 17:04:07 44.978 10,972

They have almost always been in the range 10,000 to 12,000 shares in the last 4 weeks.

Might these trades be a result of a spreadbetting or CFD outfit that wasn't but is now trading BMN and is therefore running its own internal book for all it's eg spreadbetting clients.

However 10,000 shares seems like a very small number - and such a consistent figure also. The only way I can see such a figure coming out is if say a spreadbetting outfit takes payment in shares with a daily charge of say eg 0.1% on a position of 10 Million shares. This is just hypothesis - I have no idea if this is how SB might filter through to the real market so would be delighted if someone else can explain what these figures might correspond to.

YTSS - before 8:07 there were 4 buys and 4 sells of 50K - I thus put these down to a series of rollovers. The ones between 8:07 and 8:55 were both Sells - but not really in any pattern I can discern.

Moosematics - welcome - there is a matching 10879 at 17:12 today - do you think these always have to come in pairs ? Also we have been having trade sizes of 10,800-11,000 for this for around 2 weeks - if they were what you were saying they were would we expect to see them every day almost the same.

now completed for the day.

Looks like we are in for a rise tomorrow and possibly a bit of a short squeeze.

https://www.thebushveldperspective.com/trading-analysis-3rd-dec-2018

Bambleween57 - don't worry I have it down as a PI Buy. Thanks for the confirmation though

... and another TNCP trade over an hour and a half later.

YTSS and onefcc - if you look at the following link you will see that this is what is called a non price forming trade

These have been happening for weeks now - always just after 5pm - if anyone knows any more about these types of trades feel free to share it here.

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=GG00B4TM3943GGGBXASQ1&formName=frmRow&upToRow=-1

Peterfal - the only thing that keeps the MMs honest is the arrival of large amounts of buying power. When that is not immediately present they can fool about to their hearts content.

The day traders don't just look at news they also look at the TA setup - this is now turning in our (and the buyers) favour and so any news that lands before the end of this week could really spark a major rerate.

Yep BBN the worldbank $200 Billion they are now talking about makes the $1 Billion already committed to energy storage look rather small ( https://www.worldbank.org/en/topic/energy/brief/battery-storage-program-brief ) - so we can expect much much more than just $1 Billion to come the way of large scale energy storage.

YTSS - 30K is the EMS (Exchange Market Size) for BMN, which is the size of trade that MMs MUST accept - thus it is the size that you would choose for Sells if you were deliberately trying to force the price down.

I suspect that you may be able to produce such trades via CFD or spreadbetting platforms, which of course are the systems favoured by shorters as they do not need to worry about borrowing shares to back their shorts with. Thus effectively spread betting platforms get around the ban on naked short selling in this country.

Peterfal - it will be interesting this afternoon to see if there are any big sells dropped in sub 40p or if the tame seller has set that as a floor below which not to go. If that is the case then the MMs will go hunting for stop losses sub 40p - if they can get them then they are laughing, if not then they simply have to return it back to 40p to get their tame seller to help them out. Or go deeper with their short, but I suspect that 5M is now their limit.

patBPat - thanks for the disclosure - I see that this has not been reported yet.