Member Info for Bella6532

JD1972... I personally think the markets just see BMN reinvesting their profits... Which is basically what they have done and until they see the BE side of the business bringing home the bacon in the form of order flow through and BMN upping production a good notch or two then they will remain cautious. Eskom will be a big driver of confidence if BMN is awarded all or part. All would be huge of course. The more I read BBNs analysis the more it almost feels like the tender perameters have been written based on everything BMN can offer... ie this being the gold standard that everyone else has to surpass...
Right now it's difficult to see who and what could surpass it/them.

'Its renewable energy fund, Revego Africa Energy, will list on the Johannesburg Stock Exchange in the middle of 2020'

Now let's talk timing...
ESKOM Tender issued Feb/March
Revego List...June
Eskom awarded... Jul/Aug

BMN List...???

And the Roskill chappie immediately before Fortune also talking Vanadium and it's Global drivers...

BBN.. Thanks everso for the clarification.
I get where you're coming from and as this is a SA we are very much still in the hands of highly politically motivated individuals and delays could still be a factor...let's hope not. I do hope R does finally put some certainty into at least the time frames even if as you say they are stretched one more time.
The UET system at ESKOM as you know has been made available for other interested party (potential customers) site visits. If we don't get ESKOM it could sadly have an adverse knock here too... One would hope not but we all know how the hurdling mentality works in many business circles.
Right now, knowing what we know from publicly available sources, BE has on paper the best chances of success and have the best resources and connections to fulfil the tender requirements and some..

BBN... So do you think R might give more tender detail in his SON tomorrow evening? or even make the full blow announcement by naming the winner.

As far as your concerns re BMNs ability to meet Phase 1 deadline if they win.. UET has access to large battery manufacturing and electrolyte but they aren't in SA unless they've already worked on locally sourced materials for the batteries and can set up local assembly quickly... Even hospitals can be built in a couple of weeks these days if you throw enough at the project...

Not long now before ESKOM tender announcement if still in Q1.
Will Ramaphosa mention it in his State of the Nation speech tomorrow night?
President Cyril Ramaphosa will deliver his State of the Nation Address (SONA) to the joint sitting of the National Assembly and the National Council of Provinces on Thursday, 13 February 2020 at 7pm.

'There will be some big-ticket announcements in the SONA address this year and Ngcaweni explains that it is a speech built around four pillars: the ANC mandate given to its president; the vision and texture that Ramaphosa wants to embed into South Africa; the “burning platform” issues he must address (in previous years this was state-owned enterprises and gender-based violence) and an audit of what has happened in the year under study.'
https://www.dailymaverick.co.za/article/2020-02-11-busani-ngcweni-and-khusela-diko-outline-the-progress-of-ramaphosas-presidency/

Unfortunately just because Google gives instant answers on smart phones that do everything instantly these days... The real world still seems to grind on at a snails pace in some areas especially where people still have to sign off on things and work out where to dig the first hole. Those poor soles still left to make decisions are desperate to keep their jobs and in my experience especially when dealing with officialdom it all still seems to take a long, long time...
We have 8 weeks left in Q1... I can wait...

To achieve 80% cost effectively...should read 'To achieve 80% they have to be referring to...'

BBN...'When we win this tender, we will set in motion an expansion plan, that will lead to "creating up to 80% in local content for SA projects."
The above statement refers to SA Projects. To achieve 80% cost effectively they have to be referring to a full 'package' offering...Vanadium/Electrolyte, Battery, Solar Panels using locally sourced materials/labour and assembled/produced locally. The East London site certainly fits the bill for expansion/on site co-operation to bring together all the necessary elements.
If BMN List on the JSE then that would add another element to the mix whereby anyone in SA could invest in and benefit from the growth potential of BMN should they win the Eskom tender. It would also open up the financial market place should further funds be needed or lease agreements to be drawn up.

Apologies if this was posted a few days ago...
Vanadium – the less-understood battery metal
https://www.youtube.com/watch?v=-9OxgZ64g_Y

https://www.elidz.co.za/our-customers-4/

and the ELIDZ list ILB Helios as a Spanish company making Solar Panels ...sneaky!!!!...they're operating under the Spanish banner but are an extremely large Chinese company.
https://www.ilb-helios-group.com/unternehmen.firmen.heliosag.e.php

We still don't know whose solar panels are being used on BMN's own installation!!!???
It would make sense to work with a company like ILB to get instant reach for a BMN 'package'...but!!!!

https://www.youtube.com/watch?v=WURXw29HO6A

BBN... Battery assembly could potentially be set up quickly and I'm sure the likes of UET have worked out what components could be sourced locally.
How many batteries and when will be needed is key to everything isn't it?

And hit 20.50

BBN... Based on the statement:
'• If local content in the Eskom Battery programme achieves the 40-50% level, as was prescribed during
REIPPP, from the start, it will accelerate the manufacturing and investment business case;'

Could this also be signalling their JSE listing too?

Last slide...use of word 'imminent'.
Are BMN going to offer Vanadium electrolyte recycling for anyones electrolyte even if it's not BMN vanadium?

19.88 haha

Jimbo66
I suspect that's why they've now got a lease arrangement. Avalon have the use of the lease agreement too and I wouldn't be surprised some of the RedT orders go out through the door on a lease basis as a hedge against the new V price rise.
Whichever way you look with regards to BMN/BE they seem to have read their markets going forward and already have pending situations well covered.

Social media and to an extent instant/24hr news these day, does have the ability to make mountains out of mole hills sometimes – especially the ‘fake’ and ‘misinformation’ flying around.
Seasonal flu kills 291,000 to 646,000 people worldwide each year but we don’t shut everything down to prevent these deaths. CV is new but like most news driven events it will in a few weeks disappear from our news headlines, borders and businesses will reopen and everything will settle down again. Unfortunately, it’s the age we live in and the effects of an interconnected globalised World and markets react to these news events because so many pi’s are now holders of shares and they panic, whereas ii’s IMO just take advantage of situation because it’s not their money they’re playing with. I’ve panicked myself over the years so I thought I’d try and put some perspective into the situation and from what I see and from our Brokers comments, BMN is well placed to weather this current hiccup. If you think differently then you are free to quietly do what you feel is best for you, but please don’t’ confuse lack of liquidity with current events. I’m holding.

‘30 January 2020 - Strong Buy Valuation 82p’
‘Assumptions: …We expect the price for ferro-vanadium to recover with new buying seen in the market in recent weeks’

‘Bushveld will diversify its vanadium chemical and product range with Vanchem’
‘Bushveld now has a much more scalable, low cost production base offering the potential to develop further value.’

‘ESKOM: management managed Vametco on reduced power consumption of 10MW between the hours of 8am and 6pm each day in place of the normal 12MW consumption. ‘

‘Avalon/redT: Investment into the Avalon’s takeover of redT should enable the rollout of existing VRFB contracts. There should be considerable synergies in Bushveld’s involvement in this business.’
(Note the word ‘considerable’)

‘Enerox: acquisition of minority stake in Enerox through a consortium puts the company in a key position for the construction and roll-out of Vanadium Redox flow Batteries’
(Note the wording ‘construction’ and ‘roll-out’)

‘Electrolyte plant: …The plant should produce electrolyte for VRFB storage at Vametco and support the vanadium electrolyte rental product.’
(Appears they will be using their own electrolyte in the batteries being used for their own solar array at Vametco – intercompany sale or lease deal)

‘Vametco sell the majority of their ferro-vanadium into the US. The 2019 sale split was US (50%), Europe (20%), China (10%) and elsewhere (20%) with an average delivery period of 8 to 12 weeks to the final customer. Sales into the US recorded better averages last year than other regions supporting Vanchem’s focus of sales into this region.’
(So if sales to China fall off for a short while, the rise in V price will help to offset this)

https://www.uploadlibrary.com/SPAngel_JohnMeyer/Bushveld_Q4_Operational_Production_Update_January_2020.pdf

https://www.nortonrosefulbright.com/en/knowledge/publications/6aab38fb/jse-fast-track-secondary-listings