Member Info for Bella6532

The following is not factored in yet....

'(Bushveld Minerals owns 74% of Vametco, 100% of Vanchem, 84% of Bushveld Energy in South Africa, 100% of Lemur Holdings, 9.5% of Afritin)

Valuation raised to 82p
Bushveld Energy has signed a term sheet whereby it will lead a consortium of investors in the potential acquisition of Enerox GmbH on a debt-free basis from CellCube Energy Storage Systems Inc.
The deal is in line with Bushveld’s strategy to invest in the roll out of battery storage systems and also appears opportunistic following the suspension of CellCube Energy shares Friday 1st November.
Cellcube shares were suspended on the failure of the company to raise funds in the Canadian market and the collapse of their agreed sale of the ‘V23’ vanadium mining business to Regency Gold Corp.
The Cellcube business appears to have been hit by:
high vanadium prices cutting orders for VRFB batteries
low vanadium prices killing off a deal to sell V23 vanadium mining venture.
The Enerox deal: Bushveld Energy is looking to acquire a significant minority holding (eg 25-49%) in Enerox following the acquisition.
Bushveld Energy will also have a first right of refusal to supply vanadium products to Enerox, eg vanadium electrolyte under the same material terms as other suppliers.
This should help to protect Bushveld from volatility in vanadium pricing going forward.
Bushveld Energy has till end-February to complete its due diligence and negotiate the Enerox acquisition documents for 11m plus working capital of €1.5m.
Acquisition structure, consortium payments:
€0.3m to the seller which will go to Enerox for short-term working capital
€1.65m inc. the €0.3m above to purchase 24.90% of the share capital in Enerox inc. shareholder capital contributions of €1.2m over next 4 months
€10.85m for 75.1% of Enerox subject to full due diligence made up of:
€8.35m on transaction completion
€2m in Bushveld Minerals shares at Bushveld’s discretion priced at the at the lesser of the 10-day volume-weighted-average-price prior to, or the price on, the 4th day before closing
€2.5m deferred consideration payable by the Bushveld Consortium in €0.5m chunks every 6 months starting June 2020
“Should the Seller or Bushveld Consortium elect not to enter into the Main SPA, the Seller has a call option to purchase the Initial Shares at a price equal to €1.65 million paid by the Bushveld Consortium to the Seller and Enerox, plus an amount equivalent to 12 per cent of such amount. In the event the call option is not exercised by the Seller, the Bushveld Consortium has an option to put the Initial Shares to the Seller for the same amount. Should the Seller not honor the put, the Bushveld Consortium would have the option of increasing its holding in Enerox by 50 per cent plus one share for an additional amount of €250,000. In circumstances where the Main SPA is not entered into because the Bushveld Consortium

There are approx 240 modes of transport...how many can you list?

When it comes forms of battery energy storage...how many can you list? Is the market saturated yet? Is it a young or old market? Who are the main players? bla bla bla bla....
Cummon chaps...get real...Lockheed Martin's flow batteries will be a form of competition but not a threat. As Governments around the World push for more and more sustainable energy projects, many battery companies and more importantly, their suppliers, may struggle to keep up including the likes of LM. It's a huge market place and there really aren't that many players in it yet. Being a raw material supplier on two levels (V mining/production and Electrolyte) and to then be able to support viable battery manufactureres with growing pains, through investment from income generated from V sales into other highly profitable marketplaces (aerospace/rebar etc) puts BMN in a very strong position at this stage in the life of the new battery energy storage story.
As has been said many times, this story is just starting to unfold. The POTENTIAL is all there...and that is what it is..potential...it has not been realised yet. For those not happy with the performance of the SP, then you may have just invested too early for your own liking. You and only you have to decided where you go from here or use the filter button..it's great!...ear defenders on steroids!!!!

https://www.independent.co.uk/life-style/gadgets-and-tech/news/electric-car-battery-explosion-china-charge-vehicle-a9223291.html

SG... Glad to see work like this. Remember how bulky TVs, Computers and Mobile Phones used to be...anything that contains Vanadium is good for BMN and the industries we are in... Mining and Battery Storage.
All battery manufacturers will evolve both in size and efficiency.
The main factor to remember is, battery storage is here to stay and very much in its infancy. Think back 10 years ago...now project where the industry might be in just a few years time.
Vanadium will be in the mix.. And yes there will be a mix because the race is on and energy storage will need different solutions for different marketplaces and those will develop and change as take up grows...

Mikeetg...Vanchem could produce electrolyte initially or it could be outsourced if needs must. Electrolyte plant should come on stream quickly once procurement agreed and underway.
Think you mean Vanchem not Vanitec.. Simple answer... ASAP.
One thing you will quickly get to know...the guys at BMN do not hang around.. They have laid down a clear company wide strategy and they are ticking off each goal like a bunch of ten pins...and some. Awesome management and directorship comes to mind.
Just wish our politicians had the same vision and drive...sigh.
If you have any more questions then may I suggest you read back through the companies RNSs plus check out their Web site Presentations and then you will be as well informed as the rest of the market.

No...we no longer get individual updates... See Bushveld Minerals Q3 RNS 7 Nov...

Ha ha.. Just thought I'd change the subject...

Are we due a Bushveld Energy Q3 update tomorrow?

Alfacomp...I did (13 Nov) but he didn't make any comment about what he actually thought of the deals but he did say they will update their forecasts when they have sufficient information. He needs more clarity on revenues, costs and margins for Bushveld Energy and its investments before they add it into their cash flow.
He also said, they can update their valuation without adding in the extra cash flow into their Bushveld Minerals numbers but would also need more info for that.

He also said they would hammer home the fact Vanadium batteries can withstand extreme temperatures and don't require the addition of heaters/coolers unlike lithium which is a very important cost factor especially in many parts of the World where battery technology will be installed.

RK...Do you think the JSE listing was purposely put back so they could tie it into the BESS announcement? I'm sure they could set it all up in advance ready to announce a listing date.

Pdub... And I think even FM was being very cautious... He didn't mention the two biggies... Eskom and JSE listing... He just kept it a tad low key and general which got me thinking...in this game its often what doesn't get said that counts.
The analyst I mentioned poo pood the idea of BMN ever getting involved with Avalon/Redt when I mentioned it some while back and the same with the Enerox deal.

Pdub/RK... Totally agree with you...I was just trying to find the one or two news items which the markets/brokers will latch onto as their main driver/selling point.
A KISS moment for them and the point at which they call their clients and say 'this is huge'...
ESKOM will be that moment and if BMN also release details of their JSE listing and perhaps a move to the FTSE at the same time...then the markets/brokers will have a real coming of age investment story to tell.
Exchange controls in SA are a huge issue for many investors and to be able to invest in a local company who has just been awarded an ESKOM contract supported by the World Bank and at the same time (hopefully) listing on the London FTSE... Well!..the phones will be ringing off the walls...

Cont...p2
The trouble is we already know all this whereas they still have to get to know all this...

RK...thank you for your very positive posts and thoughts.
I've been trying to strip everything down to bare bones re the markets and our SP. I keep coming back to the fact that the markets are not as sophisticated as we would like them to be and it's simply about on paper income and profit for them.
I agree the SP rise was somewhat driven by the V price last year but I also think we should factor in the warrants being exercised which gave liquidity and our brokers/MMs chance to make a quick buck on the back of the rising V price, new Chinese rebar legislation and staggering BMN profit growth...an easy sell for even the laziest of brokers. With the V price decline they then lost that story line and liquidity dried up with no more warrants being exercised and so in came the shorters on the back of the price rise they themselves helped to generate. Right now BMN as you say is in the process of laying down some very strong foundations. Vanchem, although up and running won't be factored in until the markets actually see the income numbers. BE on the other hand is still not generating income and again until the new investments/purchases are done deals and full understood by the markets in black and white they will struggle to relay the impact/consequence to potential investors/clients...they don't want a complicated storyline... They want proof of income and profit generation.
When ESKOM comes good and BMN is able to announce a big order/sales agreement then I do believe this will be something the markets will latch onto and start crowing about. Little guy selling to big guy is always a crowd pleaser and even a novice investor/broker could certainly grasp the impact of such an order/agreement especially if it comes in the form of an agreement securing further orders in phase 2.
The other impact, and I feel more significant, from a order/agreement placed by ESKOM will be the 'herding' effect it could generate. How many times have you seen a large company launch a new very successful product then their competitors pile in and launch similar offerings. I guess that's why all SUVs tend to look the same these days!! Vanadium batteries are the new SUV and once one state grid system (particularly in Africa) incorporates V batteries into their main grid system you know they'll all want one and will surely follow.
I have had extensive conversations with one of our brokers analysts and although he has met with the company on several occasions it's quite clear he is extremely cautious regarding BE and not fully up to speed in many areas. It's not necessarily his fault because these brokers have so many companies on their books and how could they stay abreast of all the ins and outs.
These are just my personal thoughts and I do honestly believe that newsflow coming out of the BMN household over the next 12 months will easily help our brokers and the overall markets to better understand what a profitable and canny company this is. Trouble is we alr

More mergers and acquisitions key territories.

RK...I guess it's down to who carried the paper and how much is WB funded. Personally, I think we will see BMN get a large chunk and it could well be spread across several of the manufacturers in the BMN camp. However, would Eskom use a battery that hasn't been though their testing process? If UET wins all or part of the tender, will Rongke be involved?
There are still lots of unknowns but I do feel BMN are in with the best chance.

It's aweful...it looks like a Delorean and that was ugly too.
Does he really think the good old red necks will like it?....nah!

Hi Numpty5.. Love your posts and thanks for taking time out on your holiday to put pen to paper... Much appreciated.
Now regarding your holiday...the SP has taken an up swing since you've been away. Do you think you could run to possibly extending your stay???
Insert cheeky wink here...
PS... Fingers and toes crossed for Eskom coming good before Christmas.

Don't forget SA still has exchange controls and that is a good reason for BMN to have a JSE Listing for the guys who aren't able to invest outside of SA.
I'm sure BMN will want to move out of AIM as soon as possible as it is no longer a minnow. AIM was created for little guys like us so we could invest in companies that otherwise would not be available for us to invest in. The FTSE has to be BMN's target now.

Statkraft are on a mission too and they aren't exactly minnows...
https://www.statkraft.com/media/news/2019/statkraft-and-redt-announce-partnership/

This could be a nice little earner.
https://www.thetimes.co.uk/article/firm-energised-by-deal-with-norway-32j6rqw6m