Member Info for Bella6532

Alfa...great to see VanEck REMX ETF finally selling off all their BMN holding. However, they still have around around 6m (US$4.7) Largo shares. If their BMN and LARGO holdings fall into the Strategic Metals part of this Fund - ie Vanadium, then one would have thought they'd be selling both out, so I wonder if they loaned Largo shares out too?
Personally, I don't think we will see BMN added back into this ETF again as it appears to have served it's purpose. Timing, Timing, Timing!!!!!

Hi RK
Are you including New Lease Agreements in any of your listed points...??

Wheels... '3 years ago for no official reason, other then possible good news to be confirmed about the trade war between the U.S. and China on Tariffs the share price shot up from 0.44p to 1.2p'

If you're referring to the Nov 2016 rise, which I think you are, this was due to the Aspirin comparison RNS. The rise was short lived over a mater of 6 days from the RNS release although the SP did rise some 4 days prior too.

So far with this Fundraiser there have not been any notices by major shareholders increasing their holding or any shareholders breaking the 3% mark. For LTHs I really do hope the SP holds and increases on further good news but right now this just appears to be an II buy low only to then sell high to PIs type spike.

If there was any significant price sensitive goings on in the PXS camp they would have to release same. There is also no reason why they need to wait until the final trading day to release a trading update which tells me there's not much happening right now. I could be wrong of course.

Thedon.. Hi stranger..hope alls well in Thedon household...

More chance PXS/FF being farmed in by DSM rather than PXS being acquired by By-Health.

09:20 and already 700K worth of trades...rather surprising considering we are in Christmas week/holiday mode!!!
If VanEck are looking to close out completely by last trading day of 2019, then the MM's are certainly not prepared to give them a good price for their remaining 1.2m.

However, if they are still in the hands of a shorter (and that could still be TPEP since this amount is well below the reportable amount), then they will need to close out soon as 2020 news will engulf their efforts. Watch out for a bump up in the SP to signal the close taking place.

As you say Alfa, tomorrows REMX report or a 1.2m late trade/combo should tell us what's going on.

Personally, I think we might be due some early New Year news re another possible Lease Deal...just a huntch.

50% not 505...sorry...must be the lunch time tipple!!!

Vaneck do say that their holdings must generate at least 505 of their revenue from mining.
Could Vaneck be selling out of BMN altogether on the basis BMN is moving away from being a single play and the Energy storage side of the business could at some point be worth 10 x that of the mining side. Now I know we aren't there yet by any stretch but a big chunk of the Eskom business would put us well on track and if you add up all the different income streams coming into play as we move forward.

Vaneck invested in BMN as a result of the Conference in Florida held by BMO (our new broker).
Now, either Vaneck have finally seen BMN as a duff play as they had to track the falling V price over the past year and the only way to offset their losses meant they had to loan out the shares but that in itself was a super dumb move because they loaned to shorter who drove the SP even further down.
Or, Vaneck was sophisticated vehicle used by BMO to raise funds for their new Lease Company via friendly shorters etc. So far we haven't heard anything further on this have we like the who, what and how's??? Banks utilise all sorts of means and vehicles to raise funds and what I'm suggesting is not necessarily illegal either and I certainly do not believe BMN have had anything to do with any wrong doings, but I do feel whatever has been going on in the Vaneck camp is not necessarily just dumb!!!

If they are going to sell out completely, then I'm sure they will be looking to clear by last working day of 2019 and as you say Alfa, this would also give them the funds to cover investor divi and the odd in-house bonus.

Right...shopping all done, drinks cabinet full and I for one am going to shut up and shut down now, but before I do, I would like to wish you all a very happy, safe and above all healthy Christmas with your most precious family and friends.

Sorry I haven't had chance to read all the posts but I suspect this is a pure sell down not a loan since they've also sold down their Largo holding but not to the same extent.
I'd have to check back but it doesn't quite feel like the last time they made big sell off.

https://www-greentechmedia-com.cdn.ampproject.org/v/s/www.greentechmedia.com/amp/article/south-africas-eskom-preparing-first-large-scale-battery-tender

Alfa.. Having gone this far I guess we can assume BMN/UET would meet all the local requirements.

UET for Stage 1 and UET and/or Enerox perhaps for Stage2 Solar.
If BMN could get Eskom tender award for both companies this would certainly help reduce delivery pressure and they could set up local Enerox production.

Thanks BBN.
Could they be waiting for the new CEO to start? He was due to join Eskom on 15 Jan 2020 but now looks like he'll be starting on Christmas Day.

Alfa... if not connected to Vaneck sell, it still doesn't explain why Vaneck are two days behind on their holding notice date...
Hey Ho...we little mushrooms...

‘In due course Bushveld Minerals intends that Bushveld Energy Limited, an 84 per cent owned subsidiary of Bushveld Minerals, will take its place in the Consortium.’….
I assume this means BE will become part of the Consortium when it is profit generating.

’Bushveld Minerals anticipates contributing not more than 50 per cent of the funds to be invested by the Consortium and is considering additional investors to participate as part of the Consortium.’
The Enerox deal is for £12.5m, so does this mean they anticipate accruing a fund of around £25m with the addition of addition investors?

‘The investment strategy is implemented through the VIP, which seeks to make significant minority investments into high potential VRFB OEMs.’

So with more investors and another £12.5m (the other 50%) they envisage accruing to invest at some point, who might be their next investment candidates and when?

‘Enerox: With more than 136 installations across five continents, Enerox has substantial industry and operational experience. The technology has proven to deliver long lasting energy storage (now rated for 30 years) and infrastructure for deployment in a wide range of applications including: grid storage and micro grids; storage collocated with renewables such as solar and wind; time shift; diesel power replacement; commercial and industrial solutions such as farming; electrical vehicle charging stations; industrial plants; office buildings and emergency power sources.’
Not to be sniffed at.

Vaneck...reported holding of BMN shares on:
12 Dec 17,004,392
17 Dec 16,845,701
18 Dec 16,395,701 (per today)
Which means on 17 Dec they sold 450,000 shares.

I fail to understand why they are 2 days behind with their holding notices. Is there a date glitch in their system???
They used to update them in the morning and they always carried the current days date and reflected the holding at close the previous trading day.
Now if it is a date glitch then as at close yesterday (19th) their holding was 16,395,701 and the 450K trade noted on 19th was more than likely their reduction.
If this is the case, are they being offered low ball prices for such large sell. Is this the reason the SP is where it is...MM's making a quick pre-Christmas buck on the back of Vaneck who they know have to adjust their holding....????

Alfa... Vaneck usually update their REMX holding page daily but don't appear to have done so over last couple of days...page dated 12/17/19 (17/12/19 in our money)...!!

Compass... Afraid I personally have to disagree. A buy back would not be a good look going into a JSE Listing/possible FTSE listing. The BOD is there to ensure the company performs and not to get involved in the day to day SP. A well performing, profitable company will be recognised by the markets and valued accordingly. As has been said on here, BMN is working on NEW revenue streams but they are not generating accountable revenues/profit yet so the market cannot factor these into their valuations/SP.
I reckon we may have another 2 - 3 months to go before we start to see some real noise.
The train is on its way... It just hasn't arrived yet...

The BMN vision... One Stop Shopping for self generators.
Vanadium Battery Storage (BMN Vanadium in BE Electrolyte in BMN owned Enerox battery with BMN Lease Option available) plus Solar Array (through BMN Distributorship perhaps) and all Project Managed by BMN/BE.

Not too difficult to see how BE could become 10 x bigger than BMN vanadium mining especially if legislators are on side regulation/application wise. Such a move by SA could encourage other African countries to look at their policies too.

Alfa...lol...agree, its still the same rather nice piece of clothing...but, I think most on here, would be a tad miffed to find it in the New Year sales... However, the optimist might perhaps consider buying it to offset the original price and to keep as a spare/extend lifespan...or is that just a girlie way of shopping...

You're probably right Alf (I hope you don't mind me calling you Alf). It was just a possible on my part...one of many possible reasons for such a large trade.

Alfacomp... I know but and sales made today won't be reported by them until tomorrow. I just put up the numbers to show they have been reducing their holding.