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It doesn't make sense to assume a $20/kg premium in the US while shipping costs are well below $1/kg. If somebody has accurate shipping costs, I'd be interested to hear more about it. Does the US price include import duties? That would explain the difference IMO.
[...] And then I think the third thing that comes up is safety and sustainability, which have been on the table from the very beginning, are now getting a lot more attention as we increasingly have two things, one fires that have happened with large scale lithium batteries out in the field. And the second is an increasing drive towards total carbon and total kind of environmental impact of solutions. We get a lot more inquiry now of people who are worried about those safety implications or kind of end-of-life disposal problems than we did even six months ago.
CK:
That's helpful. Eric. Actually, I was going to ask about because, I think, just in the last week, there has been more evidence of safety issues with, I think, a large scale fire, I think, in Korea with an installed lithium system. So it's going to ask if the anticipated benefit from the reinsurance – how should I put it, paradigm that you have, if that's actually translating into a competitive advantage as you as you engage with customers? Thanks.
ED:
Yes, so I think that's right. There was a fire announced in Korea, there was also one in Arizona a couple of weeks ago. So it is a regular part of the news now and people are paying more and more attention to it. So yes, the short answer is, I think, the safety benefits and the durability benefits of our solution are getting more attention than they did before. It really, like a lot of things in a new emerging market comes down to education, that these things build momentum as people understand them on an increasing and deeper level."
As this applies to all flow batteries, I would expect the V-team players to profit from the hightened awareness regarding Li fire hazards. Also, lithium supply is very tight and should dominantly be directed towards EV and handheld products rather than stationary applications which also should help flow batteries gain market share going forward.
https://www.bushveldminerals.com/capital-structure-shareholder-information/
See, after 4 years of investing in this company, you're accused of being impatient, LOL! It all comes down to this: It's all your fault and the company is not to blame. Not for revenue shortfalls, lowered guidance, disappointing output, a falling share price, nothing. It's all you. They don't even pretend to lead an open discussion. They consider themselves "supporters" like BMN was ManU.
Oh bluesy, didn't you know you'll now be hacked and slashed, called a basher, downramper, paid ahole? The marks and dubs, will go after you, no matter what.
And didn't you know, you are just not paitient enough. -75% in just 4 years, you'll have to wait a week, month, year, 10 years more, just be patient and everyhting will fall into place. It's always next month, next quarter, next anything. And all the "negativity" the nay-sayers are spreading is just due to a lack of understanding and/or patience. Yeah, right, that's the ticket.
PDub,
yet again BMN's operational performance fails to support the share price. No so-called "negativity". Fact!
What's more, the Vanadium shortage that was envisaged by the cheerleaders didn't materialise. Instead, what really happened is what I had described weeks ago: Russian material found alternative routes to European and US markets. The price of Vanadium that was bid up in panic during the first couple days and came down to where it was recently. "BEIJING (Asian Metal) 29 Apr 22 – As Russia resumed the supply to Europe despite the economic sanctions, European ferrovanadium 80%min market mentality kept negative during the past week. Currently, the mainstream prices of European ferrovanadium 80%min stand at USD45-45.5/kg V in warehouse Rotterdam, down by USD2/kg V from late last week." https://www.vanadiumprice.com/european-ferrovanadium-prices-drop-5/ That's down -27% from 25/03.
Accordingly, BMN stock retreated to where it was, too, i.e. the sub 10p level. It's a fact.
Vametco output again was <80% nameplate and Vanchem output was even worse, down 25% y/y. Surely nothing to get excited about. Fact.
BTW, truly comical to receive investment advice from someone who on a daily basis goes on the record showing off his blind love for this company's stock. Your hybris is misplaced.
Phimx, lots of electrolytes are being tried and tested. They all have their pros and cons. One of V's main advantages is that it is used as anolyte and katholyte so it is present on both sides of the ion-exchange membrane which eliminates crosss-contamination. Other flow batteries use cheaper electrolytes like iron based ones (ESS Tech). They suffer from other shortcomings (that might be overcome in the future though). It's a field of intense competition and progress. Which technology might turn out to be a winner (if there ever is one) in the long run remains undecided as of now. For the foreseeable future there will be a mix of technologies in the market.
Pdub, you wrote " If those that share my belief in BMN are correct then future share price growth should ease the pain but obviously no one can guarantee that."
Well, share price growth doesn't come out of nowhere. I think what we can agree on is this: It would be extremely helpful if the company came forward with production figures and financial results that much better support such share price growth than it did in the past. The V price is out of any company's control so obviously the single most important figure the company *IS* in control of is output. Recent output figures clearly failed to trigger the share price appreciation we both hope for. And that's for a good reason as far as I am concerned.
Sinc 2018 we're being told Vametco's production capacity was 3750mtVpa. In reality, however, output never came anywhere close to this figure. Particularly in a high price environment it does not make any sense to produce less than would have been possible since this leaves millions of profits on the table, which in turn disappoints the market and leads to continued share price decline.
Q1 production figures will be particularly important since this is the first quarter (of hopefully many more to come) that enables the company to record decent profits. I truly hope Bushveld will report figures that blow expectations out of the water and lead to material share price gains. However, without excellent results this is not going to happen! So why not produce at let's say at least 87% nameplate or better? IMO this is "show me" time. Show me the money! No excuses, no BS, no more next week, next month, next quarter! High prices are now! Execute and deliver!
Another area that I deem very disappointing so far is Bushveld Energy. The company was incorporated on 3/9/2015. Six and a half years later (!) we are being left with no production, zero battery sales, insignificant revenues. All I can see is lots of "opportunity talk" and a construction site. That's a bit thin after such a long time. Have a look at the long list of projects that keeps being postere here once in a while. Most of them have been announced years ago but not one of these has materialized! One can only hope and pray BE better be successful in the Escom tenders. Just for a moment imagine they came back from these tenders empty handed. IMO this would deal a massive blow to the often lofty expectations. This and Q1 output are my biggest short term concerns. I - like most others here - have bet quite a bit on the company's success so they better come up with something good soon. However, I am of the opinion it doesn't do us, the company or the share price any favor to pretend everything was fine and dandy while in fact company results leave much to be desired. I prefer bringing up a painful subject.
Last but not least the question from my last posting remains unaddressed: Why does BMN give away shares at such ridiculously low prices when they don't have to?
...and every word of what you write is positive speculation.
It's kind of funny how you continuously claim BMN stock was undervalued while at the same time downplaying each and every aspect that lead to it.
The issue of shares is an annoyance, no matter what. Mindful of the cashflow that you're expecting there is no justification for such issue. It's spread out over 18 months so the volume is "easily absorbable", right. The overall effect - regardless of timing - is the same. The current arrangement will see 30.000 additional shares coming our way each trading day for the next 1,5 years.
Given the conversion price of <10p will can be pretty sure that we will pay much more than the £1,208,988 due to Primorus. Why does BMN give away shares at such ridiculously low prices when they don't have to?
"when in full production" LMAO. They could be bankrupt well before they approach 50% of "full production" just like North Amercian Tungsten is BTW.