Member Info for Alfacomp

Indeed Pdub - it's a brilliant play on the VRFB energy storage market backed by the safer than houses demand for Vanadium in steel strengthening. It's win win all the way for the beast from the Bushveld.

OMG we are now only making something like 53,000 USD clear profit per tonne of Nitrovan !!!! It's a disaster.

SOTRR - it is not clear whether the remaining 289,019 warrants that were created around the original YD placing are part of the first tranche or the second one - thus they might have until the 25th August this year to exercise them. See note 1 in https://www.thebushveldperspective.com/blog/public-blog-1/post/warrants-outstanding-224

mcgrco I am pointing out that it looks more than possible that just under 1/3rd of the wogen warrants that have been exercised today have already been sold into the market. This allows them to raise the cash that they need to pay for ALL the warranted shares. Thus they can undertake this exercise without having to start of with any cash whatsoever. At the end of the exercise they have around 5M effectively free BMN shares, which they can hold for as long as they like.

Yes it is worth noting that this is precisely, to the share, 50% of the warrants they had. Thus it seems more likely that this is all part of a premeditated plan. Of course 21p is more than 3 times their conversion price, so in principle if all they needed to do was to cover their purchase then they would only have to sell 1/3 of these shares - about 2.5 Million. These may already of course have been sold into the market. If we look at he repeated trades of yesterday and assume that (like Erongo) only 1 trade actually corresponds to the original PI sell we get: A: 1 million B: 500K C: - now reversed, they threw that one it to mess us up D: was reversed yesterday E: 450K a triplet - maybe we will get another 450K late reported, making 2x450K This starts to get close to the 2.5Million required. If we do the sums a little more accurately we need to pay for 7,598,684 shares at 6.9p - this totals to GBP 524,309.20 How much money would sales of shares A through E raise: A 218,500 B 109,500 C: zero D: Zero E assuming 2 x 450K to be counted: 2x 98,100 This totals to 524,200 which is remarkably close to the value needed to cover the overall share warrant exercise. Coincidence ?

That's half of the wogen warrants gone https://www.thebushveldperspective.com/blog/public-blog-1/post/warrants-outstanding-224

In addition to the 750K delayed trade from yesterday there are now two further delayed trades from yesterday Firstly a minus 500K which directly reverses the trade of 500K at 11:16:08 at precisely the same time (Trade C in https://www.thebushveldperspective.com/the-strange-case-of-the-16th-of-may ) and a minus 145K trade at 12:06:18 which also reverses a trade at precisely the same time. All this extra delayed trade action makes me more sure that all of this is simply the market makers shuffling shares amongst themselves. Come on MMs, get your house in order !

I too have opinions - but they are formed as the result of many hours looking over the trade logs and trying to work out what may have gone on. Then sharing that analysis with everyone else so that they can see the process. Thus it is entirely possible to have opinions, but it is also helpful to let people know what lies behind them as otherwise they are worse than worthless - namely positively misleading you to the wrong answer. Anyways no harm done - we carry on waiting for exciting developments at BMN and try and perhaps today should try and stay off the prickly subject of RED

spbhoy - where do you get that idea from ?

onefcc - thanks very much - it is great to know that so many people find this stuff interesting - 113 views in the last hour alone, and I've not even mentioned it on twitter yet.

Thanks Paludina - I think it is educational for all of us.

https://www.thebushveldperspective.com/the-strange-case-of-the-16th-of-may

knuttie - have you read their RNS ? Alas it is the usual technology company story of a 'next year we will make a profit'. Someone remind me how much profit we make from every tonne of Nitrovan we sell.

possibly another rollover - remember of course that when Erongo was selling down we regularly got repeated trade pairs like these towards the end of the day. The result of the Erongo sell down implied that only one of these trades was a genuine sell and the other was simply an inter-MM transfer. Possibly the same again this time - hard to know at this point - we'll see if the pattern continues. Anyone who dabbles in technical analysis may now start to appreciate that all of their analysis is based upon easily spoofable trading data - double trades like these, Bed & ISA combination trades incorrectly accounted for etc. There is a great deal of information in the trade-trade correlations, some behind the scenes like the Erongo pairs, some clearly identifiable like Bed & ISA pairs. ALL classical technical analysis is built off the assumption that each trade is what it is in isolation from all others - all moving averages, RSI, bollinger bands and all of the other weird and wonderful numerical measures are based upon clearly incorrect information. Fine if all you want to do is believe that the merit of Technical Analysis is that it gives you the philosophical Chloroform to convince enough people to sell when there is an R in the month and Buy when there is a T in the day, and it will become true. But that is simply a self-referencing belief system, and is not a measure of the true market capital flows.

daitom - the 2x 500K are some kind of rollover I would guess

Alastair, have you ever stopped to think that that 7K that your 2 year so wisely invested at 2.09p may one day pay for all of his university education and buy him a 4-bed house after that ? Seems like your 2 year old may have been smarter than many so called city experts.

For those who may have recently arrived and who appear to have no idea of the size and quality of the Mokopane resource I suggest that you consult the Feb 2016 PFS which showed a Nett Present Value for the project of USD 259Million after tax. This was based on long term V2O5 prices of USD 7.50 /lb V2O5 is currently being sold at 15 USD/ lb. Unfortunately table 1-32 only shows NPV sensitivities for variations of 10%, not the 100% that is now in play. Thus we use the conservative linear approximation and say that if 10% increase in V2O5 flake price increases post tax NPV from 259.3M to 345.3M USD - up 86Million USD per 10%, then 100% should give a lift in NPV of 860Million USD. This would give Mokopane a NPV of 1,119.3 Million USD. - that would be over a pound per share.

I don't think so or there would have been no mining licenses granted in the last 2-3 years.

AM - it wont be the same in 5 years time, when the installed stock of Lithium batteries have degraded by 50%

BBN - you said it, and guess what .... nobody is going to be complaining about state aid rules when it comes to the south african government encouraging a south african energy utility to use a south african supplier of energy storage systems that uses south african mined Vanadium.