Member Info for Alfacomp

Sanchez - whilst VRFBs are claimed as low energy density it is interesting to speculate on how big a VRFB might be for a residential application. If we take a typical yearly consumption per household of 4000 KWh per year that works out at 11 KWh per day, or if you took this energy at a smooth rate that would work out at 11/24 = or just under half a KW. If you are trying to run this from a PV array that is only illuminated 1/4 of the day then you need a 2KW Array - the first 1/2 KW provides the power you need to the house, the remaining 3x 1/2KW is used for charging the battery. Thus the battery you need is around 1.5KW power and 9 KWh energy storage. We know that 1GWh takes 5,000 Tonnes Vanadium - so if call our house battery 10 KWh, 100,000 smaller, requires only 50 Kg Vanadium. How much does this cost at 70 USD/Kg - answer 3500 USD. Overall, for a small battery the other costs, plumbing, pumps, assembly, testing etc are all relatively significant so instead of Vanadium accounting for 50% of the cost of this battery I think it would be lower - around 30-35% so perhaps the whole battery could be made for 10,000 USD.

Wolfman - of course V2O5 is currently trading around 15 USD/Kg - https://www.thebushveldperspective.com/vanadium-prices so we can expect to see Q2 figures even higher than this.

Capablanca - the scenario you have proposed, namely that somehow a CEO favours one shareholder, or potential shareholder, over another, by your implication through the sharing of privileged information, is clearly covered by the insider trading regulations. These are regulations which Fortune has verifiably followed scrupulously - just ask NickD. It doesn't matter how unscrupulous anyone else is if our CEO knows exactly how not to put a foot wrong.

Indeed - it is Fortune's clear integrity, which is a million miles from what we see in the city of London, that is one of the key reasons I was prepared to invest so heavily in BMN.

Bon Scott - you cannot - and company buy backs would require a formal buy back agreement for the company as you can imagine that if it did not there would be all kinds of abuses where directors got the company to buy back their shares and then oh, no it goes belly up and johnny and sally come lately get nothing boo hoo (Peep Show - 'this is not a pyramid scheme') What fortune was referring to was if there are any significant holders (by which I guess probably at least a 2 million shares) wish to sell their shares on, then if they contact him he may know of some new investors who wish to buy a stake and who the shares could be sold semi-directly to, at some point, by some mechanism I am not familiar with.

fascinating update, and the picture showing them digging the trenches is good - the sun looks quite high in the sky so maybe quite hard work. The eskom rosherville research site is shown here:- https://www.google.co.uk/maps/place/Eskom+Rotek+Industries/@-26.233169,28.1125564,704m/data=!3m1!1e3!4m5!3m4!1s0x1e95102b444f5a6d:0x9ebeb4ba6fa1eb47!8m2!3d-26.2269252!4d28.1184242 I can't figure out where on this site the picture is taken - some parts of the compound edge look promising but nothing that ties in with the pipework shown behind the fence. Remember the sun is in the north in the southern hemisphere.

Wolfman, thanks for spotting that. I will redo for their CAD nominated earnings:- Largo 46 M CAD on 91M CAD sales revenue yields 184M CAD profit over the course of the year. Vametco is 76% of that so 140M CAD, our share is 59.1% - so 82.5M CAD or 47.3 M GBP. That gives us a PE of 5.24 with the more appropriate PE of 15 arriving when SP = 66.4p

As close to 46 Million USD profit on sales revenue 91 Million USD for 2214 Tonnes of V2O5 produced. V2O5 is 56% Vanadium by mass so this is equivalent to 1240 V Tonnes of FeV, Nitrovan or any other Vanadium containing compound that reports its production in V Tonnes (note that V2O5 expressly is not reported like that - see here for an explanation of why :- https://www.thebushveldperspective.com/vanadium-prices ) Our production rate is currently around 3750 V Tonnes per year - 937.5 per quarter or 76% of Largo. Over the course of a year Largo are set to make 184M USD clear profit. Whilst our operational expenditure per Tonne of V may be marginally higher than theirs we don't have to pay the interest that they do on their 200M USD of debt, so it seems quite reasonable to assume that Vametco may have similar all in costs for production. Thus Vametco might be expected to clear 140M USD profit this year. Our 59.1% would yield 82.5M USD or 61M GBP. BMN is currently valued at GBP 248 - I make that a PE of 4.0 . The PE should be more than 15 for a company with the prospects of BMN - that would equate to 87.0p SP.

- needed a new SSL cert installing. The article that explained last years shorting attempt on August 18 2017 is here:- https://www.thebushveldperspective.com/blog/public-blog-1/post/18th-aug-2017-flash-short-context-198 - this shows the buildup that was undertaken by the share muppets website The related article https://www.thebushveldperspective.com/blog/public-blog-1/post/18th-aug-2017-flash-short-analysis-199 shows the specific trading on that day picked apart forensically. Not so relevant now of course as Mr TW has perhaps been taught a rather expensive lesson.

jogj99 - where can you see the US price listed ?

Done, �100 contributed despite not being a Beaufort client. It's an absolute disgrace what the FCA are allowing to happen under their noses.

nope doing it myself - all the better to understand IT

Happy to think about something like this - TBP is down at the moment whilst I figure out how to reinstall a new SSL certificate.

Well given that 23p is about a 75% discount to the fair value of Vametco alone there is still plenty further to go. Plus another 25% to add on if BMN buys out Sojitz's stake as many have suspected the recent placing cash is going to be used for.

That is a completely different situation from TW's so called 'journalism'

Endion they tried it many times last year, the most clearly organised attempt was around the 18th August short, which was clearly aimed following an article on the share muppets site - including multiples articles in the following days as their short attempt failed :- I'll give you the link to the TBP article once I have fixed the problem with the SSL certificate which is currently preventing it from working properly.

Nice one Ray.

what happened to your invest �1000 per calendar month approach - that, if it is true, appeared sensibly within your supposed financial limits, after all you already have �130K of stock don't you - so don't start getting greedy.

vauch - nope I was was being slightly naughty poking fun at the Market Makers.

5 MMs buying at 23p vs 4 selling at 24p, friday afternoon off ahead of a long bank holiday weekend. Hop in the porsche in time to beat the traffic and meet up with Tristan and boys for a drink...