focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hello. I finally managed to get through on 0800WERBEINGSCREWED and some Bloke called Boris answered. Before I could get a word in, he said ‘were leaving, no dither no delay’. I said, ‘I don’t think so Mate but that’s not what I’m calling about’. ‘I need to buy a few Shares in Bushveld Minerals’. ‘It’s a Vanadium Miner in South Africa and is heavily involved in developing energy storage for renewables. He then called me a ‘uncooperative Crustie” and hung up’.
Okay I’m off to the Driving Range before RichKen tells me off.
Regards
Bobby
Good Afternoon all.
Does anybody have the phone number of a nice MM that I can call?
I'm thinking of buying a million shares this afternoon but obviously it would be better if they could drop the price a couple of pennies first. I'm happy to pay the normal slice off the top and then they can whack up the 'ask' 10 seconds before the Bell.
I tried 0800werbeingscrewed but its busy.
Cheers
Bobby
Hello BBN. Thank you very much for your detailed reply. As the fatbanker suggests a working overdraft on demand rather than a term facility would be preferable however perhaps the Banking facilities in SA might not allow this.
Regards
Bobby
Hello YTSS – sorry for the late reply. I’m overseas at the moment. How these MM’s characters suppress the sp is beyond me. I suspect it’s a case of recycling a large chunk of Shares between themselves. Perhaps they are managing shares on behalf of a large Institution and whenever the sp threatens to get away on them they sell a few 50k or 100k blocks.
But this of course is just my point of view. My opinion. However, the evidence is overwhelming that this is going on. My sporting analogy would be; imagine Ben Store starts the 2019 cricket season with a career average of 40. He goes out to Bat for England 32 times. Every time he bats, he scores over 100. Then at the end of the year the statistics are released, and Stokes has an average of 20. You scratch your head and say how is this possible? There must have been a mistake made. The calculations are not accurate. But this is what’s happening with Bushveld. More profit, more money in the Bank, lower production costs, targets being met, asset expansion, and yet despite all this, the sp has fallen to this ridiculously low level. It does not make sense. It does not follow logic. But hopefully no Laws are being broken and MM’s are simply able to distort the true sp for their own benefit. One thing is for sure. The AIM needs a radical overhaul. Its is not fit for purpose.
Regards
Bobby
Hello Mr Libero - good posts. Yes when you look at the numbers you just have one question. Why is the MCap of Bushveld at such a low level? I only have my best guess and instinct to go on. The SP is deliberately being held at this level for reasons unknown. I suspect the JSE listing will be the Trigger. In the meantime certain parties are accumulating Shares to sell on at a later date.
The work continues on the ground at Bushveld. Production costs are down with excess cash being put back into the business. This is always a great indicator for a Company that is going forward with purpose. When the Trigger is pulled, the SP growth will be exponential. And let us always remember that BE is not factored into anything as yet.
Remember people invest in what they know. There is a geographical nature to the investment Beast. There's a German chap I work with who is very into his trading. Despite having lived in the UK for over 20 years he only invests in German companies. It's what he knows. South Africans will invest far more easily in this great company compared to non-South Africans.
Regards
Bobby
The passion of South Africa.
It was the hot humid June day in 1995 and a young Mojapelo Fortune stood with 63,000 other mainly South African supporters inside Ellis Park willing the mighty Springboks to a historic victory. It was almost full time and the scores were tied.
This man arrives in heaven. He walks up to the Gates and tries to go inside. A man approaches. “Hello” he says, “how may I help”. “I’d like to come in please”. Saint Peter wipes his white beard and says, “okay but first a few questions”. “What did you do in your former life”? Well says the man “I was an International Rugby Referee”. “Fair enough” says St Peter. “And tell me “did you ever do anything wrong in your life”. “Not really says the man...well actually there was one thing”. “What’s that says Saint Peter”? “I was refereeing the Rugby World Cup Final and with full time approaching I awarded a penalty Try to the New Zealand All Blacks”. “That’s not so bad” says Saint Peter. “Tell me when did this happen”? “About 2 minutes ago” says the man.
(PS; don’t worry, Ed Morrison, the Referee, who is English by the way, is still alive and well, but it’s a good joke).
Dear Mr Expert
Read the text please. You possibly need some help. Your constantly just saying stuff to draw attention to yourself. It’s a little sad really. Take care and try and enjoy your life.
‘We still have a massive amount of inventory that's been depleted from the system globally. And looking forward, we're seeing consumption accelerating now in China and supply is very, very slowly increasing. And we do expect a deficit again this year.’
We project the need for 9,200 metric tons of V of Chinese exports in 2019 to maintain a balanced market. In first half of 2019, exports were at a rate of 7,900 metric tons of V, and we expect that rate to drop in the second half of the year.Looking at pricing in China, from July 16 through August 6, Chinese V2O5 pirices rose about 16% from USD 8.12 per pound of V2O5 to $9.39 per pound of V2O5. Prices in China over the last week had been relatively stable pretty much either side of $10.In the West, the prices reported by Metal Bulletin have risen from the midpoint of $6.45 per pound of V2O5 on July 31 to USD 7.25 per pound of V2O5 last Friday. We do anticipate the Western prices will follow Chinese prices up in the coming weeks. Over the balance of the year, we expect upward pressure on vanadium prices globally as Chinese consumption continues to expand with limited supply increases possible in the near term causing further depletion of inventory and further tightness in the market.So I guess the takeaway is, we did see production surpass consumption in the first quarter. We still have a massive amount of inventory that's been depleted from the system globally. And looking forward, we're seeing consumption accelerating now in China and supply is very, very slowly increasing. And we do expect a deficit again this year.Cheers Serenus - I had not seen before.
So V2O5 production in China in July totaled 4,879 metric tons of pure vanadium, the highest production level on a monthly basis since June of '14. The first 7 months of 2019, vanadium production in China was at an annual rate of 54,363 metric tons of V versus a rate of 44,834 metric tons of V per year in the same period of 2018. That means production has increased about 21% thus far in '19 versus '18. Looking at production change from January to July of 2019, V2O5 production in China has increased 7.5%.
If we look at production of vanadium from stone coal in China, the total production in July was 538 metric tons compared with 349 metric tons in January, metric tons of pure vanadium. Vanadium production from stone coal in China has been flat basically from March through July at a rate of about 500 metric tons of V per month. And this compares with about 469 metric tons of V a month produced from stone coal in October of 2018 before the price spike really took off. So we haven't seen much increase in production from stone coal thus far through the price gyrations that we've seen.
In China, vanadium carbonitride alloy production surged in July to historical high of 3,875 metric tons of vanadium versus 2,077 metric tons of vanadium in May 2019. That's an increase of 86%. This vanadium carbonitride alloy is the alloy that's predominantly used in high-strength rebar in China.
So it seems like rebar production also is very high now in July, late June. So at June 14, rebar production in China peaked at 3.82 million tonnes and slightly lower in July. But year-to-date, rebar production in China is up about 28% compared to last year.
So in summary, China, it would seem that broader compliance with the new rebar standard combined with very high rebar production is resulting in growth in vanadium consumption while production growth has been limited due to environmental issues and relatively weak prices in the first half.
As a result of all this activity, inventories of V2O5 in China has been drawn down by 1,365 metric tons of V from the end of April 2019 until the end of July. Chinese exports of vanadium in June totaled 571 metric tons of V. That's up from May levels by 28%. If we look at total exports in the first half, the rate was 7,800 metric tons of V per year, and that's down by 12% from the same period of 2018.
On a global basis, Vanitec reports global vanadium production slightly surpassed vanadium consumption in the first quarter of 2019 for the first time in many years. On a cumulative basis, vanadium inventories globally have decreased by 12,000 metric tons of V, approximately 1.5 months' worth of consumption from the beginning of 2017 to the end of Q1 2019. For 2019, we're projecting total vanadium production of 102,800 metric tons of V and we're projecting consumption of 104,000 metric tons of V. Our projections assume all the previously announced expansion plans of vanadium production in China actually occur throughout this ye
I've been looking through some of Elon Musks Posts and Bios. A word that he often uses is plurality. According to him the 'plurality of electricity in the US will come from Solar Energy in the next 15 year'. I know what the 'F' does plurality mean. But all he's saying is that more electricity will be produced by Solar that from any other source. I mean I'm no scientist but without the Sun we would be living on a frozen Rock - well actually of course we would not be living. So in effect this is already where almost all our energy comes from.
Regards
Bobby