Member Info for BenAlder

I am as ****ed off with the SP as many, but the game is still about making money. While we wait for the Market to wake up and recognise the disconnect in SP and value, I managed to get some more on Thursday just before close. I was just about to buy a few more yesterday to round off my holding, to make it easier to count as we climb back up the chart, when that blip happened. I hope that is the start of the comeback. The chartists’ will confirm it afterwards.

If our seller is still around next week, I may get relief for my OCD and that feeling you get when you buy something at a price way below its worth. ATB!

Far is jumping on the bandwagon too!

Mon, 13th Sep 2021 07:00
RNS Number : 4803L
Ferro-Alloy Resources Limited
Extract - is pleased to announce it has received a Kazakhstan patent for the efficient technology which it has developed to produce electrolyte for vanadium flow batteries ('VFBs') directly from ammonium metavanadate ('AMV'), a precursor form of vanadium from which vanadium pentoxide is usually made.
The Company's process of producing electrolyte for VFBs directly from AMV requires relatively simple equipment, is safer, and improves the quality of electrolyte produced compared with other processes. The ability to make electrolyte gives the Company not only the required know-how to enter this market but also a cost advantage over traditional processes.

Nick Bridgen, CEO, commented: "Receiving the electrolyte technology patent is another endorsement of the FAR technical team's capabilities.

"FAR expects to become the world's lowest cost producer of vanadium and this technology positions the Company to become a dominant supplier of VFB electrolyte at prices which other producers will find impossible to achieve."

A patent or more like a local licence to manufacture? Any actual impact to any manufacturers in the wider world?
Safer, better and cheaper ? – Marketing? Well it shows that they believe that this technology is coming and want a slice.

Are you aware that the cap is at a high point in the country's steel production, and is expected to remain at these levels for the rest of the year?

Obviously! Duh! So it is a gamble! If you knew what was actually going on instead of what if! You believe in aliens too!

Over and out - Now where is that filter button!

VRFB story has been a large disappointment. - Only to those that thought we would be banging out large volumes to feed that industry by now. Reality – we are building preparing for that market now. We need to increase production and build an electrolyte plant. The market is in its infancy.

Question is – Will VRFB’s take off? DYOR. If yes, then look at the speed and uptake of things like windfarms, PV farms historically. (Floyd had a nice link I remember, illustrating the exponential take off year on year).

If no – How much will we produce over the next year, what is the V price likely to average and what will our cost be? Our product is expected to sell to a growing world steel demand and a few piddly VFRB projects that we are aware of. Funny how much vanadium these things consume!

You could argue that we are only a V producer alone at this time, but the SP does not reflect value. I suspect you know this but only here for mischief. You wore out your welcome - Filtered.

Where is the vertical integration? We could derive more value by processing it ourselves, producing pig iron and vanadium. I understand your desire for a quick buck, but this is what could propel BMN to highs, beyond the 8400T of vanadium production planned for. Another product to sell, a chance to get a premium on the ore and free vanadium concentrate as a by product, reducing our cost to produce vanadium products. The commodity cycle should favour us too. Think big!

We are hardly in a financial position to start some new major project like iron ore. Unless you want more dilution or some crappy deal with the Chinese, where we almost give it away just because it is there. It is safe where it is for now. It would come into play if another V processing plant was required due to demand or a replacement for one of the other older plants.

I’m still waiting for this plan to be delivered. Patience lad.

“ the company needs to show it can perform as well as reform” - Done any research or are you just bumping your gums?

You are correct but they are doing this, reforming i.e. Refurbishment, expansion, hiring managers. Not prepared to wait and see the results, you want to change the Board now?

When the plans are implemented, this business should start pumping out money. Money attracts the lazy institutions. “Build it and they will come!” When they come it will cost a lot more than 12p a share.

As soon as we get confirmation in an RNS stating improved production and reduced costs, this will take off. I dear say not the immediate 10 bagger you are looking for, but better than money in the bank IMO.

Lucky, what a surprise to see you here! Moving up the food chain to battery providers? In answer to your question “ what's the chances for VRFB to take off?”

The technology that wins the race in the long term is the one that is cheapest. Not necessarily the best. VFRB’s are now cheaper then Li over a longer period. They do not need to be replaced, monitored or cooled. I dear say Insurance costs for Li projects will be higher as more experience has been gained over the time they have been in service. Fire and total destruction of the Li battery installation is high, so more risk/cost. The vanadium in the system is reusable and inflation proof. If you own it, you can sell it at the end of the battery’s life, for more than you paid for it. Further cost reduction on the project that the accountants can apply. So they will take off and continue until another cheaper technology comes along.

This week, Andrew Maguire explores the unique conditions that have seen refiners buying back COMEX physical silver for the first time in the history of the Futures market.

https://www.youtube.com/watch?v=WN109AKxiA4

There is great potential there, with Eskom, but politics and money are the drivers and I believe they will lag rather than lead.

Enerox and IES will attract larger projects in the US and Europe, where they tend to lead both in policy and with funding. COP26 coming up will drag the attention back to storage.

“Every windfarm needs a battery, now!” is my slogan.

Slow and underwhelming. But I expect (guess) IES and Enerox to deliver something bigger and sooner. However it goes it is all good to the upside!

Get lost. I pay enough in taxation.

That was the best interview Fortune has done to date to illustrate the potential this company has. Nothing new but very reassuring. It gives you a better idea of the big picture and supports all my reasons for buying and holding out for the pay day, even if it’s a year or more away.

Company PR is unlikely to change going forwards, but results and a few positive surprises are going to get us there. Perhaps a re-branding? We have the right man for the job! Patience is required, although I bet we go blue on Monday. ATB!

Ok Lucky, sorry to have a laugh at your expense, it was unfair considering you never attacked anyone personally here. I have no interest in your other investments. You fared better than me in the market over the last year, but I'm due some of that luck of yours! May we all prosper. (BMN more than others!) ATB!

Ha ha! Banker beat me to it! Let it slide Faramog. It’s a good day! Sanchez is over his depression and lots of positive sentiment about now. A wee fire to highlight how much better V is to L in large storage projects. Lucky L has sold out at the low, and taken his bad luck with him. Share price up by a nice margin today. Is our balloon on its way now? ATB!

Is it not the case that Duferco and Orion are the persistant sellers and Acacia latterly. They are doing so in an orderly manner, not tanking the share price, but consistently selling down all the time. The falls exacerbated by PI’s selling. To be fair the PI’s have worked hard to mop up these extra shares over the last 2 years, but pretty much exhausted in terms of buying more even at these prices now. At least I am.

Company is building. Fundamentals will out eventually when income is stable, or is the market a con?

From 30th June RNS :- VM Investments Limited is a related party due to two of the Executive Directors (Fortune Mojapelo and Anthony Viljoen) of Bushveld Minerals Limited being majority shareholders of VM Investments. VM Investments owns the offices rented by Bushveld Minerals Limited. The rent paid in 2020 financial period is US$159,651 (2019: US$176,474).

Well I am not going to do all your research for you and try to convince you to stay. Your worries suggest to me that you should sell and perhaps all these arguments are more about you getting someone to talk you into hanging on. Certainly you did little research before you bought. Too bitter for me mate.

The information regarding the Orion deal is in the final results RNS. Orion, after the shares, gets a % on production. Less than 1%, something like 35cents per Kg. Look it up yourself. The process improvements made should return higher savings than that.

Lucky, should you not asked all these questions before you bought in?
The kind of mining that BMN does is the easiest kind. Just scrape it out with a big digger into a truck.
BMN should be considered a metal processor and listed under the Industrial Metals Sector.