Member Info for Alfacomp

Most interesting is the fact that China is already well up on vanadium plus nitrogen so no chance of substitution there. The rest of the world still seems to have to make the jump to nitrovan style products.

Great just getting onto the second half of the meeting - vrfb marketing plan workshop

RichKen - we will certainly pass on our best compliments to FM and MN - I'm not sure that we will be able to ask (well we can ask but don't expect an answer) on many questions relating directly to the progress as Vametco as that of course would be market sensitive information and FM is a stickler for keeping to the rules. Plus he doesn't want us stealing the thunder that he is working so hard to create.

We can of course ask general questions about the Vanadium market, the premiums that Nitrovan might currently be receiving and general prospects for the BE/VRFB market - however to be honest the most interesting stuff is the stuff that doesn't need to be said - namely how critical MN and BE are to the global VRFB industry, and how that is working out, in general. Critical of course is the impact that 100 dollar Vanadium might be expected to have on the VRFB business and hopefully discover who has plans to mitigate this with leasing arrangements.

Paladina - apart from the obvious concerns about having to deal with spent fuel/reactors and the more recent concerns about terrorist appropriation of nuclear materials was there a reason why nuclear ships never took off, apart from submarines

If you are comparing fev or v2o5 with V+N then to get equal strengths for the same cost V+N should be 20-30% more expensive

Pdub thanks for reminding us about these fundamental numbers - one thing to add from the recent ARC broker note that the total all in production costs including royalty and all mine admin costs is estimated at around 23.60 usd/kgV nitrovan. Having said that I think the selling premium of 5% may increase as end users discover that V+N works more efficiently than V alone.

Knuttie has in the past very generously shared historical details of his T20 trading with me to analyse whether there was a correlation between those and the marking down of SP. I have to admit that I found nothing conclusive one way or another - however in that analysis it has become clear to me that the market makers are almost continuously running short - ie selling first then using their position to mark the price down to get the shares they need. Those who sell in this situation give the market makers the profit they desire and leave the SP marked down for the next day. This is why you typically see a slow erosion of SP on most AIM stocks occasionally punctuated by rapid rises/rerates on news. Those who do wish to sell should use a limit sell to indicate that they will only sell at a price above the current SP as this will incentivise the market makers to move the share price up during the start of the day. The increased volume arising from knuttie's cycling of T20s may have indeed helped support the SP, whilst at a cost to him as the MMs take their profit from him. During rerate periods additional short term trading does appear to help drive up the SP as new money comes in, but then leaves early leaving profit on the table for MMs and LTHs. My advice is to always keep some cash, short term trading pots available to correct market games such as shorting and to drive the share valuation towards a valuation based on our true fundamentals.

What are we going to do when v2o5 goes over 20 used/lb ?

Great to see a big chunk of warrants gone - that may have been what has been holding us back for the last couple of days. Just contemplating doing some analysis as I sit at Becketts waiting for FP2 to start

daitom - sorry off to the British GP now I will have to leave that to you to discuss here. Good luck all.

5 MM's trying to buy at 24.50 (good luck on that one)

vs

1 MM selling at 25.30

Not seen such an extreme setup before

ggggareth - partial to solid french reds

http://www.themorganreport.com/pdf/may2018themorganreport-vanadiumexcerpt.pdf

In the past decade, wind and solar energy generation
grew by 800%. These two types of renewable energy
are currently generating 800 gigawatts of power—the
equivalent of 100 nuclear power plants. Yet available
storage space only amounts to 3 gigawatts.

knuttie - yep I was just wondering how the real paid price of 25.38 can be higher than the advertised bid of 25.20 - is this a ruse to try and not let anyone know what is going on ?

25.20 now

Loudspeaker - certainly Vanitec were discussing it just over 12 months ago:- https://www.thebushveldperspective.com/blog/public-blog-1/post/vanitec-2nd-energy-storage-meeting-part-1-206

Pat48 - you have hit the nail right on the head - this is exactly the unique feature of VRFBs

Just 2000 pounds worth but they will not take the order.

Great find Paludina, now listed here:- https://www.thebushveldperspective.com/slides/energy-storage-8

An interesting point about potential retro-upgrading of VRFB systems by potentially simply upgrading the electrolyte. Of course the same goes for the electrical stacks also - in a flow battery all the parts of the battery are separately accessible whilst in a solid state one, such as Lithium-ion everything is baked in from the start.

Endion it should of course be over 12 and probably also greater than 15 given the huge growth prospects that the company has. At present there is not a penny of value evidently attributed to Mokopane, Brits, Afritin or Imaloto, let alone Bushveld Energy, which we are led to believe will be even bigger than the mining operation.