Member Info for Alfacomp

skibba - re Wogen I don't see why they should change their MO from the 9.15am dump that they've been giving us the last 4 or 5 days - thus I would suspect it is either a distressed seller or someone trying to take the proverbial.

Faramog, some companies make a big deal about the stack - to be honest there is very little to it, a membrane (Nafion is standard) some carbon felt to increase the surface conduction to the electrolyte, a bipolar plate, made of carbon composite, and , er that's it. Bolt a bunch of these together with some kind of fluoropolymer gasket around the outside and there you have it.

Obviously there are some that do things slightly differently - interdigitated conduction paths, welded stack edges, making it uber large like Thyssen-Krupp, but to be honest this is all standard stuff that has been known for 20 years.

At current prices much more than 40%, probably nearer 60%, of the cost of a reasonable sized (1MWh) VRFB is going to be the electrolyte, and it is this simply and inescapable fact that puts BMN in the best seat in the house.

Nick- maybe it is our semi-regular 9am 500K being dropped in from the wogen warrants block ? The must have been at the prunes again.

yep the MMs are hardly encouraging buyers with a 4.5% spread are they ?

@LS - yep it is going over 100 USD/kgV for FeV and no amount of saying you are amazed and gobsmacked can put off the day that the reality has to be accepted. I suspect though that we will break through the 25p ceiling this week, or next when the Wogen Warrants overhang is fully out of the way and that this may cause one or more of the analysts covering this stock to revise their targets up err, somewhat.

faramog - yes and guess what they also have daytime only 50% of the time, plus do not like buying cheap stuff that needs replacing after 5 years.

Having no mountain ranges to plonk some pumped water storage in them for them there will be only one choice for energy storage - grid scale VRFB's.

kevkan and sharesahoy - Fortune is clearly aware of this as the monday before that news report when we were at the Vanitec meeting and asked to brainstorm the ideal headline of a fictional newspaper article (as part of the Vanitec VRFB marketing consultation) he came up with a headline and newspaper story along the lines of "Kingdom of Saudi Arabia coverts from Oil to PV using VRFB's".

At the time a number of us wondered where that had come from as it seemed very left-field when compared with everyone else's fantasy articles. Now we know what was behind it.

I wonder if we are lining up an investment from the Kingdom of Saudi Arabia....

YTSS - Processing is what Vanchem does - it used to take ore from the Mapochs mine and I believe some Vanadium sl-a-g from Evraz Highveld when it was running though I might be wrong on the second point.

it gives an opportunity to many new investors in a territory that understand mining and also possibly smoothes the way politically to do what we want and have the resources to do.

0.32% grade and not in magnetite so they cannot even do magnetic concentration. I quote from their own announcement:-

The prospect is hosted within marine sediments and differs significantly from the hard rock titaniferous magnetite deposits.

This is another low-grade metoo project trying to jump on the Vanadium bandwagon like King River Copper and Aura Energy

Do you have a link for that as I have not heard of the Richmond Project before.

look out for Maersk line ships then as they are the ones carrying Nitrovan to our hungry customers:- https://www.thebushveldperspective.com/blog/public-blog-1/post/2018-q1-nitrovan-shipments-to-usa-267

NickD - it was recently suggested to me by someone who should know that if Vanadium prices broke through the 16 USD/lb V2O5 level that they would continue to move up to the levels last seen in 2005 (25 USD/Lb V2O5, FeV 120 USD/KgV )

It was pointed out to me that outside of China two out of the 3 mines have their output controlled by a single large company who I will not name, whilst we of course own the third. It would not be outside of the realms of possibility, and most certainly a sensible business practise for such a single large supplier to hold back stock until acceptably high prices are achieved.

How would they know to do this right now ? Er because of the well advertised 1st Nov Chinese rebar specifications coming into force - this has been known about for just over a year - guess what happened just under a year ago - Vanadium prices took off.

Coincidence ?

Southernstorm,

indeed you are in early

1) Vametco is not even attributed fair value in the SP at current production rates of 3750 tpa.
2) Vametco is just starting its expansion process - 5000 tpa next year and further expansion beyond that - to reach 10,000 from the Vametco processing plant I believe that we will need to incorporate pre-weathered ore from Brtis (good that we own it and it is next door)
3) Mokopane, which is an ore resource more than twice the size of Vametco is yet to be even opened up. This has similar grades in magnetite to those found at Vametco
4) Bushveld Energy is building its VRFB electrolyte plant whilst it's CEO Mikhail Nikomarov heads up the Vanitec and South African Energy Storage Association's VRFB promotional activities
5) Eskom will see exactly how useful Bushveld Energy's / UET's demonstration battery can do for them in when coupled with all the new REIPP projects that are coming on stream. These are intermittent sources of power so need energy storage to provide supply continuity to the grid.
6) Far from being a complicating factor as Investor's Chronicle contends our Coal resource at Imaloto is actually an asset which has yet to be given any value in the Share Price. This project is getting a lot closer.

Martyboy - sorry I don't recall the date either and as I use the trade data from here it wouldn't still be visible anyway.

UKsteveg - if you consult the following analysis and look at the SP movement today you will see that the 500K sell today at 9:16 and the 500K sell at a similar time yesterday had no effect on the share price.

Yesterday's analysis:- https://www.thebushveldperspective.com/blog/public-blog-1/post/trading-analysis-12th-july-2018-271

I am forced to agree with those that think that some shareholders are either taking some profit or playing some trading games. The latter may not be altogether bad from the perspective of long term holders as long as general belief in the fundamentals of the business is not impacted and the overall trend os SP upwards upset. After the quick rises like those achieved in the last couple of months it is normal for there to be a degree of consolidation as the weaker share holders leave for other pastures.

The other good news is that buying is clearly still strong enough to absorb useful chunks of the recently exercised Wogen warrants - by my count that is at least 1.5M out of 4M already gone so this overhead may be cleared by the end of next week.

goblesmythe - our share price is not above our broker target mate

Most you can buy is 2K's worth and then at 22p. - Another weak fraction distilled off. Everyone else will benefit. Embrace the apparent panic in the firm knowledge that this investment is going perfectly.

Thanks for that guys another 10 grand's worth for me !

There is such an allowance every year, it doesn't mean it is going to be used though.