Member Info for Alfacomp

Ophidian - I think you have it the wrong way round - I believe that the UET battery would have come with mixed acid electrolyte and then following this 'issue' we have decided to switch to single acid electrolyte.

Remember that UET don't just make mixed acids batteries - they have a massive tie-in with Rongke power, which is making the Dalian 800MWh VRFB, which is all single acid electrolyte.

now published for today

https://www.thebushveldperspective.com/trading-analysis-27th-sept-2018

YTSS - something like that, yes.

BBN - excellent spot. Stuff like this is easy to read through if you think the writer has simply bashed some stuff down on paper then sent it out. As those here know, FM and MN don't work like that - the precise details matter to them and you have picked up on the relevance.

The thing about the battery electrolyte didn't seem apparent at first either but it is the only explanation that makes sense - you get half a million quid from the US government you really have to come up with some reason why you can't use US patented electrolyte but instead something you can make yourself. Shhh !

Greybuzz indeed a really great positive news story, now where's the number for the BBC news ?

cindercone - I think we found those people - FM and MN

Ditto Mikemine - "but if it gets too high then vanadium products will be priced out of the market and prices will fall"

The alternative to Vanadium in steel strengthening applications on the surface of it is Niobium. However Niobium strengthening works in a completely different way to Vanadium strengthening - see the same article as recommended to DavidDFO earlier - and this requires a reheat furnace with much higher temperature and greater deformation on the subsequent rolling processes (50% reduction in cross sectional area on each pass) which means that many steel plants would take years to change from Vanadium to Niobium, even if they wanted to.

Furthermore there is only a single main Niobium supplier in the world (CBMM in Brazil) so deciding to change from Vanadium with its diversified supply, to Niobium, is a very risky thing.

Do not assume that Vanadium prices will fall below 70 USD/KgV in the next 3 years,

DavidDFO - if you wish to understand the supply and demand situation for Vanadium you should read these articles:- https://www.thebushveldperspective.com/blog/public-blog-1/post/vanitec-4th-energy-storage-meeting-part-1-274

Ironveld is only 'mining' a test sample. Then after that they could have another 12 months getting more samples together for 'variability testing'. Then they can start thinking about actually building a mine and processing plant. 3 years minimum before any significant supply comes from Ironveld.

got it thanks

Those colourings are misleading and are based on the midpoint between advertised Bid and Ask, but often the real trading position (the dividing line between real sells by PIs and real buys by PIs) is somewhere quite different in the Bid-Ask band.

Have a look at some of the trade analysis here for example:- https://www.thebushveldperspective.com/blog/public-blog-1/post/trading-analysis-26th-sept-2018-307

That's right we just have no idea what we are doing, ffs

ahh ok understood CG

Is the idea to trap a shorter or two ?

Do people think they can find a better investment elsewhere or do they just think that they can spook some people into selling their shares cheaply ? With nothing changed in the situation 6 weeks ago, but with another 25% of Vametco owned we should be sitting at 35p

I specifically meant Sanchez's last comment, sorry for not being clearer.

A good summary that all newcomers would do well to read and appreciate

http://www.energystorage.co.za/

Guess who is opening the conference with the keynote address, none other than the Minister of Energy, Jeff Radebe

A little birdie tells me that the person who was to give the keynote was none other than our own Mikhail Nikomarov - hmm, what does that tell you ?

Yep the SA government wants to be seen to be helping to lead the sunrise energy storage industry. What better vote of confidence could you have in BE than that ?

BMNSA - I think he was suggesting that Fortune managed to get the Vametco plant as an absolute steal. It is complex because it was acquired in a number of stages but all in all we have paid a small fraction of what it would have cost new. And it has got at least 20 years life left in it. And it has got Brits right next door for further expansion.

SOTRR - it is the other way around. The standard UET system uses the mixed acid electrolyte that they (and only 1 other operating business) are (currently) allowed to use by licensing the PNNL patent. BE are planning on making the classic single acid electrolyte which nobody has any patent on and everyone else in the world uses.

Purely hypothesis here but if the electrolyte needed to be changed from the original mixed acid electrolyte to the classic single acid electrolyte, then guess what Bushveld Energy would 1) be able to make that electrolyte in south africa and 2) would never be held over a barrel should the idiot in the white house decide that PNNL could only license the mixed acid electrolyte for use by US companies.

This explains the 'at this time' comment and allows batteries to be made using SA manufactured electrolyte.

This is of course a very significant step forward as it now lays out how UET and BE can work together in future.

MadasaHat - with pre-sales like this you might see up to 10- 15 days between the start of the sale and the exercise notice - this allow 3-4 days between exercise and the warrants being turned into real live shares that can be delivered within the 20 day window that would be required to cover the original sale. This is by no means definitive and I suspect however that there might be ways that this period can be extended or got around if you are a market maker with sufficient imagination.

Time will tell when we get all the delayed trades and Warrants RNS's or not. In a situation like this where we are deliberately denied the critical information it is all that we can do to have a best guess at what is going on and then wait to see if it is correct.