Member Info for BumblingFool

Ukmoe, I’m delighted to see the price moving back in the right direction, the M cap is still low, I’m underwater currently which stifles the excitement somewhat! I wasn’t in a position to take advantage of the most recent drop. But there is much to be positive about going forward I’m expecting a decent uptrend

I had a look at the bushveld energy web page today, it is disappointing,

We are still building a mini grid outside funded, no start date, no end date, no timeline,
We are advertising that we can build mini grids for others but we don’t make solar panels we don’t make our own vrfbs we haven’t proved our capability in managing a project as we have talked about ours for years with no actual progress
We advertise Bess systems but no substance about the batteries, I don’t see why anyone would buy through us rather than buying direct?
We have provided a battery to Escom at our expense, no feedback
We have a potential pipline no information
Belco building factory, only real positive
20milion invested to sign of a return,

I think bushveld energy is built on the expectation of Eskiom tender if it never materialises ?

Much as I’d like that narrative to be true I don’t see how a rise of under 5% to 12.2 can be seen as catching traders out. There is more than enough upside from here to satisfy any trader!

If I quote Warren or suggest that a particular approach would be aligned with the sort of strategy Warren might employ, does that make me a smarter, more influential poster?

;-)

I’ve been invested about 3 years here now, during all that tine we have been building a mini grid! Yet this still hasn’t actually started to be built. I find this somewhat frustrating, and it casts doubt for me on our ability to deliver on projects in a timely manor. I am delighted the East London facility is now under construction but I did feel the impression was given that this would start some time ago as well.

As for the gremlins in increasing production, I’m more forgiving as I never felt it would be a smooth process but not securing materials is frustrating given that we have been talking about increased steel demand putting pressure on V prices you would have thought we were not only anticipating tighter steel supply we were actively discussing it!

The increasing V price and increasing production has actually resulted in 2020s loss been smaller than I expected, I was pleased with the revenue generation, and I believe we will bring costs down again.

Nope would not say I understand it that well, seems to me that one hole has a great result but in a narrow seem 64m down. I’m guessing given it’s only 2m deep it needs to be long to be viable.

It’s gold I tell ye,!

Decent result from the one drill. Hopefully follow up drills will confirm an extent worth mining

Production up, vanadium prices up, vrfb market gaining traction, electrolyte factory under construction, but the SP is down, I can’t make any sense of it!

A legend in your own mind! ;-)

Looks like he can make deals after all ;-)

It was executed at 14.9 not to shabby

Had to place a negotiated order just now for 1k’s worth

Numpty your name appears here far to often for that to be the most uninformed comment you’ve read! ;-)

Found this web page that list some prices that may be relevant to our future products also has grinding mill costs. I’m not sure what’s really relevant for us if anything, anyone else have a view?

https://www.alibaba.com/showroom/pozzolan.html

M happy with the update, nice positive tone lacking in unrealistic timescale guidance, and our cash burn is not as bad as I feared!

Hi Paul

I think the last line from the ARC note is encouraging

“ Detailed studies/early work are progressing, and Bushveld’s $65m financing package from Orion last year greatly de-risks these plans. We believe this will grow annual EBITDA to well over US$100m within the next few years.”

Well it’s progress, not as much as I’d hoped so no concrete yet poured, no exact date when pours will take place so could ba a while yet. But at least talks haven’t broken down and it’s heading the right way albeit at SRES usual pace!

Like most people here I had expectations of much better SP performance over the last few years I’ve been invested here, than have been realised. Did I get it wrong or has the market got it wrong.
The good:
We have made great progress in expanding the business and our production
We have navigated through a global pandemic, with minimal impact on the business
We have made strategic investments in the vrfb sector acting as a market enabler which should bring significant future V demand and provide us with revenue across the value chain
We have been able to secure funding to prevent delays in infrastructure investment even during the global downturn
We are poised to take advantage in the wide scale adoption of grid scale storage
V price is rising

So why isn’t our SP flying given our great story and future?

V price has been poor our revenue has fallen significantly, expansion plans had to be funded through financing instead of free cash flow
Our much talked about mimi grid has been still not been built, the impression of it been imminent has been given fir years which casts doubt on the companies ability to deliver what it says in a timely manner
Our costs have increased a lot, this should be short tern but when you look at the tables that show you costs, revenue, profit etc it’s not pretty!
Sentiment has been damaged by hopes being placed of BESS contracts which have been delayed in South African Style, with corruption aligations flying around hopes for a big RnS contract have demonised significantly (in my mind anyway)
Communication is not as clear as it could be and the wider market is probably not tuned into BBN’s analysis to help make it understandable for the lay person.
We have seen big reductions from large holders that undermines market confidence
There has been a lack of director buys on the open market, worse still they have not made sufficient funds available to cover tax liabilities of shares awards so there has been sells this again negatively impacts confidence

Just a few thoughts for what it’s worth, I’m still holding, I haven’t funds to add on this dip, I probably would add if I could as the rising V price is going to create such profitability in my view that the issues will pale into insignificance

Fair enough maybe I am doing Min an injustice, probably having witnessed lordByrons fantasy unraveling here I have become more sceptical.

It’s been a frustrating share to be involved in for sure. I had hoped to sell 1/2 my holding around 1p following the permit but the Poorly timed placement prevented that!

100 million shares! Is there any genuine investors on this board. Time posting here + daily volume - lack of price spike = another fantasist.