Member Info for BenAlder

You didn't read all of the thread then.

I assumed from the article that it was a new arrangement. Misled or misread!

RNS due then.

Well done @Libero. I admire your zest! After my recent ramping, I have more sympathy and respect for your cause and your efforts! GL

Makes me think dollar is overpriced. People saying dow overpriced for a long time. And all this debt in the world, its hard to know what will happen and when, but something is brewing! (And the peasants will pay for it!)

Yes I agree with you, but cynical me believes they will have one more attack on the share price, and be the first buyers to drive it back up.

Raise to what price. It is hard to value this company, and historical prices may now be irrelevant.

All the best if you are holding/buying.

Alastair, I understand where you are coming from. It is just the start of the revolution, we are early. BMN has done a lot in the last year re promoting or more correct, enabling VFRB deployment. Fortune is in the Vanadium business and wants to sell V products not the end products. If VRFB uptake is successful, BE gets to sell electrolyte, and maybe assemble our partners batteries, or at least sell our V to other e manufacturers. That is our goal. Any one interested in V batteries will come across Bushveld very soon.

As a long term holder, you realise that this can turn on a dime. Hang on in there a bit longer. Best of luck!

I like the fact that we get quarterly comms and RNS's as necessary over that. Let them get on with their work! They have consistently told us of their ambitions and progress on them. I do not need a running commentary that would require we employ extra staff for non producing benefit. Marketing yes, but we are just not as blatant as you perhaps require, and not looking for money.

They manage the company's value by sales and cost and future growth. - The market decides the Mcap. Steady profits will drive up share price. We are in growth mode, low V prices and a steady stream of sells are keeping pressure on the share price.

In my opinion - growth has been stellar and is on going. Share price may not reflect this, but look at the value achieved in obtaining two of the worlds 4 only dedicated vanadium producers. SP may perhaps not get there as fast as we first imagined, but my confidence has grown by all the actions taken to this date, that we will, with more certainty than any other stocks I've looked at.

I am sure that they have already made their profit. They may not even have that much to buy back. And yes, they do seem to have crystal balls or insider info!

Demand for Green Energy, VRFB awareness, publicity, world V demand, BMN production capacity, and V prices.

Our course is charted, speed and estimated time of arrival is unknown, but seemingly more certain. 8400T pa. Fortune has a good record of delivering on stated goals, if not exceeding them.

Current downward pressure on share price cannot go on for ever. (Based on rule that nothing lasts forvever!)

In theory, they buy back as quickly as possible.

Bitcoin is done when Uncle Sam, or what ever country, starts to treat it like currency, taxes it or curbs the ready transfer of funds to/from abroad using it.

I think it is the no of shares borrowed.

We do not know if they have bought some shares back and sitting waiting on news, ready to dump or buy back/return the shares. This has fallen so often and so far, that it may be they made their money already and can afford to wait for an either-way outcome with the investigation.

I am waiting for at least one more big fall to come - no evidence beyond 'a feeling'!

Steady, he may not have had his glasses on!

Just read Lindon's reply, ...so maybe shelved for a while?

Not sure if it be as useful as a secondary listing in Canada or Aus. I think they appreciate miners stocks more there than in the UK. Fortune is local, so I'm sure he would like to eventually get onto the JSE.

'am I being cynical in thinking JSE is delayed so it ties more into Eskom, Electrolyte plant starting and general market VFRB 'go' '

Well starting with a lot of good news about a business in SA would be the best way to launch yourself on the JSE. I don't know if that is the reason, but Fortune may be trying to address the depressed share price and get a good launch by the timing of news. So no, it is a valid opinion. IMO!

Will there be significan

I bought BMN because it was an undervalued producing vanadium miner. BE was just a bonus extra as far as I was concerned. I attributed no value to it at the time. I have only recently warmed to the green energy thing because they proved that it could compete with gas right now. That is with no storage. So it only makes sense that whatever means of production, you gain enormous value saving that excess production. It will happen because it will lower energy costs further and adds to grid security and stability. Other people want independence or are not connected to a grid. A market and demand is now visible to me.

I expect BMN to capture a healthy % of an expanding V market where hopefully V prices are in a range between $35-45 kg . Costs no higher than current cica. $18kg. Electrolyte with a Profit Margin of $15 per kg V equivalent over a spot or fixed rate. Make up your own figures. These are just me assuming what if? Illustrating why I am here.

Eg. Current position - Sales of V for steel - 3000t x 1000kg x ($24.5-17.5) = $21M Gross profit.

What market cap would you attribute for this income? Now try it with different tonnages & spot prices. It shows how much we are reliant on V price.

But if, 1000t of V used in the electrolyte process and sold would produce in my made up, assumed figures - 1000x1000x(24.5-17.5+15)= $22M, we just made 3 times profit on 1000t of V converted to electrolyte. $43M Gross Profit at todays crappy V prices. End of next year?

So the potential (based on my simplistic model, modest assumptions and my interpretation of Fortune's ambition for BMN in 4 years) is 3000t to steel pa and 3000t of vanadium equivalent sold as electrolyte at a Vspot price of $35 Kg.
Steel – $52.5M Gross Profit.
Electrolyte – $97.5M Gross Profit
Total – $150M Gross Profit

What market cap would you attribute for this income? Plus the possibility of dividends being paid equal to todays share price. A potential 100% return per annum to all new investors! Deposit your annual annuity cheque now!

Feel free to correct me if I have omitted the obvious or am way out on some assumption. It is to show the potential not the actual. Just don’t try to burst my bubble!

All the best & goodnight!

Hi Numpty. Yeah I get that. Go VRFB!

It is a storage device. The best technology there is… at the moment. It is also not cheap. The world moves on and new discoveries are made. And cost is a big driver in all things. So I’ll try to remain pragmatic and aware. The advantage I see here is that VRFBs have a 20 year start on any discovery that comes along. It is proven. Income potential in that time is enormous. Wind and sun are free, (after installation costs!) – that is the nearest thing to your perpetual machine! - ATB

What they always do. Sell it on to Africa.

There is no going back at the moment, re. EV's and initially Li. H&S just seemed to skip over the risks of battery fire and spills after serious RTAs. History may look back and say we were as daft as the Victorians were for using gas lighting or our generation for plastic bags. Advances in battery science is fast and furious. So i'm sure after a while they will be safer and more easily recycled.

But we are in different market! We need to get this out there before someone invents something better or cheaper.