Member Info for Bella6532

More of the same probably...likes sound of his own voice like most parliamentarians...bla bla bla

Here's a bit of background for newbies from 10/12/2019...
https://m.fin24.com/Economy/da-calls-for-mantashes-head-over-electricity-crisis-20191210

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Question? If your EV has auto door locking when driving do the doors unlock when the battery runs out of charge?

Question: How many tow truck/garage owners will be prepared to remove and store and EV which has caught on fire knowing that there might be a risk of the fuel cells reigniting?

Question: if you live in a property with no off street parking and where you often can't even park outside your own property hiw do you charge your EV overnight?

BMN doesn't give us, a blow by blow account for each order they take. Avalon was BEs first electrolyte deal and they will only report to us any materially significant ones they sign from here on.. Ie those that are much bigger than previous reported ones. We've already been told they have access to electrolyte production outside of SA so if this can be produced using BMN vanadium and on a lease basis this is probably how they will serve much of the market outside of Africa..or even SA eventually should demand take off locally with ESKOM and their package offering.

As far as I'm concerned the 'building' of any such commercial operation starts with sourcing a suitable building site and encompasses everything through to the point at which the first batch rolls off the production line...
Once the tender has been finalised and contracts awarded to the various parties then ground breaking should follow, the construction etc etc.
These two phases should move along relatively quickly and once water tight then again internal fit out and equipment deliveries/installations again should move along at a pace.
Building is an all encompassing term in my book...
If you buy a building plot and someone asks you what's that for? you'd probably say something on the lines.. I'm building a house on it even though you might still not have actually broken ground...

'As previously announced, the Consortium has been granted exclusivity until the end of February 2020 to complete due diligence and now expects to negotiate a subsequent main sale and purchase agreement to acquire the remaining issued share capital of Enerox for a further consideration of €10.85 million on a debt free basis within the same timeframe.'

RK.. There was one big thing missing under the list of priorities for 2020 in the last RNS update and that was the JSE Listing!!? and any mention of Lemur. Now either it's because some new on both of these is going to be forthcoming separately very soon or they are both on the back burner for the moment and are not seen as priorities for 2020.

The Avalon/RedT merger can't be that far off either.

If BE is going to tender for more that one type of battery to give options over and above UET surely they would be looking to have the VIPs done and dusted well before the tender submission.

There is also the possibility of another VIP being announced at any time together with a second much larger lease agreement.

Sooo much to look forward to and as the clock tick the nearer we get to a conveyor belt of RNSs

https://www.cnbcafrica.com/zdnl-mc/2020/02/04/how-this-african-company-plans-to-take-advantage-of-the-worlds-rush-for-battery-metals/

Pdub.. 'it is a mistake in my opinion to label BMN as a one trick pony'... I entirely agree, however, until we produce our own electrolyte, sign some more lease deals, complete on the VIPs, secure the ESKOM contract etc BE is not and will not be seen as a viable entity. Yes everything has been done to set the wheels in motion but we are just not there yet and right now BMN is a miner and making its profits on the back of mined/processed V. Once regular and profitable incomes flow from other sources and we know this could be as much as 6 given the way the company has and still is setting itself up with partnering, finance, production then and only then will we be seen.. IMO...as something much more than just a mining outfit.
Eskom will do just that... Without it, it will just take a lot longer to get the recognition.
Having spouted all that, there may be some big investors who get a lights on moment prior which wouldn't be all bad. Maybe that's happened already and they're buying in right now and perhaps one reason for the constant pulling back we keep seeing... Stranger things have happened in this game. Unless it's over 3% we will never know if it's one or many.

Pdub... I hear what you're saying and I like you would love to see the SP rise with the V price again. My only concern is this keeps us very much in the V resource/mining camp as far as new blood investors are concerned and how many new bloods are there to be had. BE as FM has said many times is the hedge we need. It will also give us access to that new investor blood to drive our SP above and beyond any V price could achieve and more importantly the company itself has indicated BE will be 10x the size of BMN. IMVHO ESKOM will be the major contributor to that.

AIM is not a main market as such. It was designed as a platform to allow the likes of us mere mortals to be able to invest in young little start up businesses which, prior to AIM, we would never have been able to invest in. It does carry a far greater risk element by the nature of the type of companies listed - often small, new and in many cases heavily dependant on the fundraising element of AIM. I know many PI investors who won't touch AIM.
We are where we are right now and we need to get some BE contracts under our belt to draw more attention to the fact we are a viable entity within the sustainable energy marketplace and by investing in BMN you will be investing in at least 6 separate global income streams.

Yet it was mentioned in the Q2 2019 Operational Update issued 31 Jul 2019
‘The application for the listing of the Company's shares on the Johannesburg Stock Exchange ("JSE") will now occur in calendar year 2020. The revised timing is due to the completion of the Vanchem acquisition now being scheduled to occur on 31 October 2019.’

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>’Prove business case for VRFB deployments, including delivery of the Vametco mini-grid as a funded independent power producer.’
‘The Company is also reviewing the energy needs and self-supply opportunities at its other existing and greenfield sites.’
(Panels on the roof of E London plus battery backup is an obvious now the restrictions have been lifted)

‘The Company believes that there are significant and rapidly growing opportunities for other such projects in South Africa and across the continent.’
(Too right – and this now feeds into the ‘Africa’ wording above under VIP’s)

>’Submit bids for Battery Energy Storage Systems opportunities as part of South Africa's Integrated Resource Plan.’
(BRING IT ON…if BE is going to be in a position to offer UET, Avalon/RedT or Enerox Batteries in the tender as options depending on location/site mix etc etc…then chaps it’s in the bag as far as I’m concerned)……

(There was one big thing missing under priorities for 2020 and that was the JSE Listing - can I assume it's because this was an Operational Update?)

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Sometimes hindsight is 20/20…so I’ve just gone through the last RNS update and pulled a few bits together based on BMN’s 2020 Priorities…my comments/observations in ( ). I know we’ve covered these points extensively before, but is there any more we can now learn from them.
‘The Company is working with energy policy makers to support initiatives to reverse the downward trajectory of South Africa's power system.’
‘At the same time, the Company is de-risking its operations through its Bushveld Energy subsidiary by increasing its preparedness should the power system continue to deteriorate.’
‘2020 priorities
>’Advance construction of the vanadium electrolyte plant’…
‘The Company, together with the Industrial Development Corporation, completed the basic design and issued a tender for the Engineering, Procurement and Construction ("EPC") contract for the vanadium electrolyte manufacturing plant in the East London Industrial Development Zone. Selection of the bidder and tender of the award are expected in Q1 2020.’
(I wonder if ‘advance’ means push on or perhaps try and bring forward)

>’Implement additional, larger electrolyte rental contracts.’
(Having already done one without our own electrolyte plant and knowing we have access to overseas electrolyte, then I assume no hold ups on this one).

>’Advance VIP and identify further VRFB companies for investment’…
‘The Company announced its strategy for partnering with Original Equipment Manufacturers ("OEMs") of VRFB technology spanning supply of vanadium and electrolyte, deployment of systems in Africa and investment’…
‘In all these investments through the VIP, the Company expects to have significant minority interests without direct operational involvement in the business beyond the supply of vanadium and electrolyte.’
(Note they clearly state ‘Africa’ – will this mean in the Eskom Bid they will be able to offer a choice of batteries depending on type of installation. Again this ups the anti.
(Will they wait for the first ones to complete before signing another or not?)

‘Funding of US$5 million to support the merger of Canada-based Avalon Battery and UK-based redT Energy. The convertible loan will give Bushveld the opportunity to acquire a strategic interest in the merged energy storage company.’
(Hopefully some news soon)

‘As part of an investment consortium, the acquisition of an initial 24.9 per cent of Austria-based Enerox from CellCube and initiation of a due diligence process. The intent is for the consortium to acquire 100 per cent of Enerox for €11,000,000 with working capital financing of €1.5 million. The due diligence and transaction are expected to be completed in Q1 2020.’
(Note expected to complete Q1)

I wonder how many potential customers have visited the UET battery test site and enquired about the BMN in house pv/battery installation package.
Oh to be that fly on the wall right now.

Now come on Ministers, the big cheese has just told you all SA needs to get its act together and nows the time to sign it off and get that tender pushed out especially since you've got funding for the best part of it already secured.
The word battery was also mention...Albeit just oncebut more importantly I think the sense of urgency was palpable.

Sanchez.. Just to be clear, I didn't say it was written for BMN to win but based on what they can offer. You are exactly right, the ground work put in by our guys to make sure the correct questions are asked has lead to high and broad tender spec which as I said is somewhat of a gold standard for others to surpass.