Member Info for Bella6532

No point trying to force Govts to do something... They completely messed up when it came to pushing the point for switching from petrol to diesel and their failure to act after all the years attending Cops etc.. Real change must start with private enterprise, University R&D and individuals. Necessity has always been the mother of invention. If every household and business in the UK switched off lights in empty rooms and kids walked to school and families reverted to one car per household and everyone bought clothing to last and stopped buying processed foods etc etc etc.. Yes we'd save huge amounts of energy but then everyone would be complaining about job losses. No problem with protesters but I just wish they would state their solutions rather than simply demand action... Which we all know is required on many many levels.

Thanks FB
Do you also agree that lease agreements would not necessarily be a draw on BE electrolyte production as they simply apply to the V content and that is why they will be “Negotiating larger rental agreements in Africa, Asia, Europe and North America”...

Thanks FB
Do you also agree that lease agreements would not necessarily be a draw on BE electrolyte production as they simply apply to the V content and that is why they will be “Negotiating larger rental agreements in Africa, Asia, Europe and North America”...

plus 550K which appear in the days total but not on the Buy or Sell sides.

In Oct 2018 they said on P9:
'Intermediary Bushveld Minerals or SPV Lease Co.'
http://www.bushveldminerals.com/wp-content/uploads/2018/10/Bushveld-Energy_SA-energy-storage-presentation_October-2018.pdf

Whereas in March 2019 on P38 they say: 'Intermediary Special Purpose Lease Co.'
http://www.bushveldminerals.com/wp-content/uploads/2019/04/March-2019-Corporate-Presentation.pdf

So had they originally thought of possibly setting up their own in house Lease Company but dropped the idea due to the Vanchem acquisition perhaps...or, is it still a possibility and part of the negotiations with local banks might be to do with this. If so, then BMN would get both the Vanadium Unit Sales and the whatever they get to charge/gain from having their own Special Leasing Company.

Just a thought....

Maccas21 - 'Another thought...about BE “Negotiating larger rental agreements in Africa, Asia, Europe and North America”...I wonder what the implications may be for the company’s electrolyte production strategy... if “larger rental agreements” are announced in multiple locations, then how will their proposed 200 MWh electrolyte facility be able to keep up?'

That's the beauty of the rental agreement - it's not about the electrolyte it's about the vanadium content.
I could be very wrong here, and I'm sure someone like Alfacomp would be happy to correct me, but this is how I read it.
Sales of Vanadium Units to electrolyte manufacturers right now are simply that, an invoiced one time sale. However, with a rental agreement the sale will go through a third party rental company. See Page 38 in this pdf.

http://www.bushveldminerals.com/wp-content/uploads/2019/04/March-2019-Corporate-Presentation.pdf

BMN will sell the Vanadium to a Special Purpose Vanadium Lease Co (? who, we don't know yet) and they will get financial backing to support the Lease Agreement. So BMN will still get paid for the Vanadium Units.

So as I see it, BMN won't be out of pocket/carrying the Lease paperwork and this allows them to continue to make vanadium sales to the international electrolyte/vrfb market without having to draw on their own electrolyte.

And our new FD appointment should not be undervalued either.

What's the chance BMN could push for FTSE/JSE at same time?

How much equity investment might Tanya be able to bring to the party... And what good finance deals might she be able to work for the company...

BBN...much appreciated.

BBN.. 'Win that tender and BE justifies its business case to assemble batteries in S.A.'
Do you think there may be a possibility that BE's tender includes ability to manufacture batteries alongside electrolyte if they have already come to an informal agreement with say UET to do so?
Do you also think there might be room for a Rental Agreement facility supported by the WBG?

https://www.islandinnovation.co/event/enabling-policy-environments-for-energy-storage-global-practices-challenges-and-opportunities-ny/

Islands are an obvious for grid scale storage alongside sustainable generation coupled with a good lease agreement. It will be interesting to hear WBG speakers views...

The sooner we leave AIM and move to the FTSE the better... What will it take... Vanchem will obviously increase our worth and income...
I noticed a little note in the Interims which seem to indicate Vanchem might be an initial source of electrolyte for BE...or did I miss understand the meaning..

Yellow Dragon reduced it's holding on 11 Nov 2018 by some 6.36% (71m) and at that time the SP was around 40p = £28m approx.
Now we get the following from SP Angel in their note update - are they trying to tell us something???...
'without the need to recourse to debt facilities'
'Bushveld will complete the Vanchem acquisition from internal cash flow and facilities'
'without recourse to equity capital markets.'
mmm!!! could Yellow Dragon be looking to put their hand in their pocket again???

* Vanchem acquisition: The net cash position indicates to us that Bushveld will be able to cover the Vanchem deal out of its cash reserves without the need to recourse to debt facilities. The deal is due to complete at end October.

* at Bushveld will complete the Vanchem acquisition from internal cash flow and facilities end-October and will complete the acquisition without recourse to equity capital markets.

Alternative Resource Capital dumped in favour of Peel Hunt LLP
Advantage??

According to the 8 August 2019 T1's as of 11 November 2018:
Oak Trust (Guernsey) Limited as Trustee of The Orange Trust held 5.7% (64m)
and Yellow Dragon Holdings Ltd held 0.34% (3.8m)

Oak Trust (Guernsey) Ltd
Formed in 2018 through the consolidation of Oak Trust Group, Consortia Partnership, Kreston IOM and International Administration Group. Together we provide multi-jurisdictional fund, corporate and trust structuring, expert administration and compliance services.
https://oak.group/

https://www.pv-magazine-australia.com/2019/09/28/long-read-flow-batteries-scale-up-to-gw-production/

Avalon... Leasing.. Vanadium Flow batteries and more... Worth a read..

RK.. I too raised the issue of how much as they are only talking increasing to 10000 tons per year... 2 kilns worth and even if this goes to 15000 (3 kilns) and then 20000 (4 kilns) ..how much will go to steel vs how much to our own electrolyte. Let's say they maintain a 50/50 split.. How much electrolyte do you get from 10000 tons?

Pdub...Take care hun, the side effects will soon pass. Enjoy your weekend and keep that positive spirit going...

Based on number of trades over last couple of hours, it looks like we've got a lot of Rugby fans out there... Phew! Just scraped thru...

https://electrek-co.cdn.ampproject.org/v/s/electrek.co/2019/09/25/egeb-doe-dod-power-storage-bill-china-building-coal-plants/amp/?amp_js_v=a2&_gsa=1#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Felectrek.co%2F2019%2F09%2F25%2Fegeb-doe-dod-power-storage-bill-china-building-coal-plants%2F

Would Eskom be interested in a Lease deal too? If so, that could be a lot of paper to carry/financing to sort out.