Member Info for BenAlder

BMN is generating a lot of cash now, or should be. We need clarity on current production ability and associated costs, plus current sales and outlook. Has this expansion phase been a success in terms of cost reduction? Also need an update on future expansion plans and how these will be funded. Annual results due next week and 2nd Qtr production update in July.

I thought BMN would finance the last phase(s) of expansion using cash flow and short-term debt, but it would not surprise me if another raise is announced, fast tracking it. The only positive of the fast track route is there must be a justifiable material need for it and not just a wishful forecast that the demand should be there, but the SP will suffer the jam tomorrow syndrome again. I’d rather we consolidated and avoid dilution. If it is dilution, find a benefactor with sticky fingers ffs! Perhaps floating Cellcube is part of this plan? Garnet are Canadian too.

This is AIM, expect the unexpected, my fellow mushrooms!

I hope this is to raise awareness and value, or some other service, and not to raise funds.

May 30, 2022 - BlackRock says green premium is coming in mining.

The world’s most influential mining investor has given companies the green light to make decarbonisation spending a higher priority than volume growth in the belief that commodities with a low-carbon footprint will eventually attract “green premium” prices.

BlackRock’s Evy Hambro. who manages more than $20 billion across his World Mining, World Gold and Circular Economy Funds, said he believed commodities would increasingly be priced according to how they were produced.

https://www.afr.com/companies/mining/blackrock-backs-decarbonisation-value-over-mining-volumes-20220529-p5apbu

Thanks Olly.

I think I found my answer -

Mark Smith serves as CEO and Chairman of the Board of US Vanadium and was a significant early investor in the Company. The former President and CEO of vanadium-producer Largo Resources Ltd., Mr. Smith has nearly 40 years of experience in the mining and mineral processing industries.

https://usvanadium.com/category/vanadium-news/

I’m trying to find out how they are going to meet the Cellcube agreement. It is a lot of extra Vanadium. Will they require material from us or Largo?

I have tried to find out where USVanadium gets it supply from. Anyone know?

The IDC are backing BMN and others to some extent, in order to create the supply chain for the VRFB industry to get established and grow. It must have said to BMN that it would get awarded some business to mitigate the risk that BMN is undertaking in building this plant. The application process seemed rigged to require some battery projects alongside the renewable projects. Even with foresight, business does not like to front costs to new technology. Fission and Fusion, EV chargers, as an example. Usually governments, NGOs or rich individuals fund them initially.

Is USVanadium’s new plant not going to be the biggest outside of china?

Looks like we will still have our main market in the steel world with a new market for VFRB’s crystallising day by day.

14 Apr 2022 - The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2022 and 2023. worldsteel forecasts that steel demand will grow by 0.4% in 2022 to reach 1,840.2 Mt after increasing by 2.7% in 2021. In 2023 steel demand will see further growth of 2.2% to reach 1,881.4 Mt. – google.

The global long steel market size was valued at $476,213 million in 2020, and is projected to reach $731,934 million by 2030, registering a CAGR of 4.1% from 2021 to 2030. Long steel products, also known as long products in the steel industry, refer to steel products such as wire, rod, rail, and bars, as well as different forms of steel structural sections and girders. Bridge which comes under fabricated structural unit are also known as long steel products. Blooms and billets, from which bars, rods, and structural shapes are rolled are termed as products of long steel.
https://www.alliedmarketresearch.com/long-steel-market-A12419#:~:text=The%20global%20long%20steel%20market,4.1%25%20from%202021%20to%202030.

The demand for the world’s most used metal will not fall “en route” to net zero emissions. According to an upcoming report from Rethink Energy, steel use will grow by more than 60% through to 2050, driven by economic development in Asia and Africa. But even as it grows, the steel industry will undergo the largest transformation since its formation, as it replaces its existing coal-heavy methods of production, and heads towards net zero emissions itself.
https://rethinkresearch.biz/articles/global-steel-demand-to-grow-60-through-2050/

By 2050 vanadium could be cheap again as more steel is manufactured from scrap of higher quality than is currently used, however, the next ten years look golden and far enough for me!

Oh Alf, lol, I obviously know more of what is going on here than you do, old targets, lol!

Sorry I don’t have the time to teach you about BMN or business 101, my mum wants me home early today, besides you just want an argument over any trivial thing. I felt obliged to correct you and negate your point. Job done. Advice is read all the RNS’s since 2019 Annual report. See ya soon!

Sorry to everyone for engaging with this trumpet. I’m away, I’ll be late!

We will be at 5000T pa by the end of the year, so what are you moaning about considering two years of covid and the transport disruption it caused. If you had kept up to date, you would have seen that money meant for Vametco was targeted at Vanchem, which we own 100%. Keep up to date.

I'll shoot you down all day. Well tomorrow - Bye!

In 2018 Vametco was not doing more than 1500t

Hey Alf – From last production RNS –
“- Q1 2022 Group production of 972 mtV, one per cent higher than Q4 2021 of 962 mtV”
That’s 3888 T pa currently - So target was actually surpassed.
Keep up mate!

You are 4 years out of date, You know they bought Vanchem just after that, so plans change! keep up as I said before.

Alf – show me where BMN said they would have Vametco up to full capacity by this date?

I suspect the mini grid and the electrolyte plant timetable is based on the ESKOM awards. BMN will probably commission the plant with their mini grid requirements. Being in South Africa and you have already seen how long it has taken them to get this far, I suggest patience is all you have, unless you want to turn into another one of the moaners here.

Has everyone forgotten that we have been making over 100% profit on our margins this year?

IDC holding back finance. BMN ready to proceed otherwise AFAIK.

A lot of work and money to get up to full capacity. They want to get there in a couple more years according to stated plans. If kiln 3 is commissioned then they are on track to current plan. Keep up to date.

Hey trick cyclist re: 1 & 2) - I thought they had done that over the last year and a half.

You talk phish.......... IMO