Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Oddly we seem to be at 2nd on the hot chat topic list. Strange that. If anyone is looking at BMN for the first time rest assured the BB does not normally consist of arguments like today.
So why BMN?
In one word - Vanadium.
We've got tons of it.
3 resources, one in production one alongside it and one world class but awaiting a mining right which was lodged approx 5 years ago so should be due relatively soon considering other applications lodged which have recently been granted.
What else lurks in the Bushveld... Well there is a portion of the recently spun out Afritin, there's a coal resource and power purchase agreement in madagascar, theres a phosphate and an iron resource, and there is bushveld energy....
Lets ignore the phosphate, iron, Afritin and even the coalmine and power plant (the latter two of which our Chinese partner is stumping up the cash for progress BFS expected in the near future). Bushveld Energy, BE... There things get really interesting. Solar power is on the up but the sun doesn't shine at night. BE are involved in batteries so the power generated in the day can be used, well, anytime. To be clear we are not talking Duracell or Energizer batteries that fit in your clock or old radio. We are talking big, shipping container sized batteries that could run a telecoms tower or a local grid.
For further details and greater detail have a look back at posts by Bigbitenow, NickDerby, Alfacomp amongst many many others. An off site resource other than Bushveld website would be thebushveldperspective dot com. Happy Bank holiday weekend all!
Angkor wat on the cards? Truly amazing if you get the time (from someone who knew nothing about it before visiting). If China had spitoons in the 80s why did they get rid of them? In some premesis I visited they could certainly have done with them! Enjoy the travels!
Further to the future of BMN I suspect that once we do have figures published in black and white (showing the significant profit that many here have analysed the company to be making) we will also have to swiftly welcome a wide variety of new faces to our little BB. Many of them will be new investors and will query things that LTH will have seen raised or debated many times before. It should however also be linked to a significant rise in the share price to fairly reflect Vametcos profitability so I am sure those more established here will be able to offer help where needed without too much annoyance as is usually the case. I wonder if todays 5m warrants were pre sold as some seemed to be earlier in the year? If so the remaining circa 10m warrants should be a breeze to churn through and then we are warrant free. With no debt, any drag on us is all but gone. So very grateful for Corbs musings some moons ago.
At times like tonight when we have hit our highest close price to date -and having now done so numerous times over the past few weeks- Its nice to think back and also to the future of my time as an investor.
Bushveld have always had many irons in the fire and time again have amazed me with what in hind sight were master strokes. As others have noted they under promise and over deliver. Behind the scenes the Bushveld management and workforce are busy, they don't shout about it, they get on with it. As things stand I am happy with my investment and continue to trust Fortune with it and with his direction for the company. So far it has paid off beyond my wildest dreams.
Looking to the future the following list of news items are things we may expect in the near future (list courtesy NickDerby). In my own opionion a few of these items togeather could double the current share price at the very least:
Quarterly report showing production increasing and higher vanadium prices.
Half yearly report - profitability significantly improving as the vanadium supply shortage keeps growing.
The acquisition of the Sojitz minority holding in Vametco increasing our share to 70%/74%.
Mokopane mining licence.
Mokopane news of early revenue generation.
Brits vanadium drilling news, very high grades expected, thereby reducing Vametco production costs even further.
Brits vanadium JORC.
Bushveld Energy business model cash flow capabilities and valuation details!
Bushveld Energy contracts.
Eskom VRFB news.
Electrolyte production news.
FeV prices rising and production increasing further.
Brownfield acquisition (Vanchem?) to increase our production capacity further.
Imaloto coal BFS.
Imaloto coal platform sale/spin off.
Dividend policy information H2.
Johannesburg listing.
Etc!
I was heartened to find that if you google "VRFB" (which I believe Alfacomp/Gambitxjs reported will be the standardized term following the recent Vanitec meeting) Bushveld Energy is the first hit. I was hopeful based on this that Bushveld Minerals may have ranked fairly highly if googling just "Vanadium", sadly it was not the case and exists on page four...
This lead me to Wikipedia as many use this as an easy initial source of information. It seems that Bushveld Minerals has no presence on Wiki however Evraz for example do. Is Wiki a way we could expand the company's publicity / web presence? I have opened an account and amended "Evraz Vametco" to "Bushveld Vametco" on the stub for the town of Rankotea as a starter but wonder if there are any more experienced Wikiers among our ranks who could add content as well. There seems to be opportunities, for example on Vanadium main page there is no mention of Vanadiums use in re-bar which I believed was its main use. Additionally, towards the bottom of the Vanadium page there is a see also section and a link to the Green Giant Mine in Madagascar which is fine, but could a link to Mokopane also appear there?
Is there somthing I'm missing as to why our various projects etc could not have pages, stubs, or sections in other pages?
Slight off topic but it seems ex electric car batteries are finding their way into micro grid storage solutions.
https://electrek.co/2018/06/29/nissan-leaf-battery-packs-power-large-energy-storage-johan-cruijff-arena/amp/
Presumably linking up individual part depleted batteries into a storage bank would be a cost effective secondary life rather than them being immediately fully recycled.
Ive read that a rough life expectancy of first gen nissan leaf batteries is in the region of 90,000 miles and on average UK drivers do around 8000 miles so very roughly speaking 11 years of use for 1st gen batteries before they would need to be changed.
Looking at the projects mentioned I would assume they have been done by the manufacturers at no cost on a charity basis. But in the future is it somthing the car makers would wish to commercialize?
We know VRFBs are longer lasting, more efficient, safer to run, and more cost effective for grid scale storage than new off the shelf lithium options but could the advancing electric vehicle markets used batteries provide an abundant and cheaper still alternative for those in cooler climates with the space to house them?
Its a quiet day here.
Re SOTRR and Hfax, I believe they do have an annual charge on ISAs of £12.50 in addition to the £12.50 online dealing charges mentioned. Phone dealing charges are higher and initially the person you speak to will just get the same quote as you would with the online system... However when moving alot of stock via bed and ISA they have always offered to send the trade to their broker and given me an estimate of what loss i might expect on the spread doing it this way. I have always gone for this option and so far even with the higher phone dealing charges it has worked out massively in my favour.
Without wishing to get into how good a deal Jaxson got, or the fairness of BEE in performing what it was intended to I was under the impression that Jaxson had been included as part of the purchase from Evraz to simplify things for Fortune and for all other investors going forward. Could we not have just bought evraz stake of vametco and left the existing BEE Avacap in place to fulfil the requirement? Instead we assisted Jaxson who are "lead by" Bill Chipane who at that point was already part of the bushveld team and singing from our page. "Jaxson 640 is led by Bill Chipane, a succesful investment professional with more than ten years in the mining industry. Mr Chipane is well known to Bushveld Minerals and has been a consultant to the group for some time, providing advice in connection with our M&A strategy and transactions. Negotiations between Bushveld Minerals and Jaxson 640 have been conducted and agreed on arm's length terms. Jaxson 640 will also include a shareholding for a Trust focused on empowering HDSA women and youth in the communities that Vametco operates, with particular emphasis on education, entrepreneurship and enterprise development." https://markets.ft.com/data/announce/full?dockey=1323-13135989-3DSOSPOAFOCSLUVTMMQH6OEPM8 To me that clearly says the BEE we aided into Vametco is bushveld friendly and uses at least part of their status to benefit those that the requirement would have originally intended.
YTSS I can appreciate the concearn of your previous post. We are in aim and there is a discount for our region of South Africa. Somthing which has always appealed to me about bushveld (but has also come ubder critisism in the past) is the number of irons in the fire and number of angles from which we may benefit. The majority of these should now show us benefit sooner rather than later. We had Tin and still have a significant investment in it, we have coal, phosphate, 3 seperate resources of vanadium, a forgotton large iron resource and bushveld energy. All of these save for perhaps the iron should provide good to significant value as they progress, and progressing they all are. It has been said before that our current valuation is ONLY based on vametcos current production and even this valuation is well short of what it should be ignoring increased production, increased vanadium pricing, and an increase in supply deficit. Aside from any other update on anything else we are pursuing if/when we have firmer news from BE or on Mokopane it should blow the roof off let alone the doors. Meanwhile the political situation in SA is far more promising and the unknown of the mining charter seeming to be coming to a positive conclusion. Bushveld are no one trick pony, and any of the possible things we expect them to pull off let alone the surprises we do not even know about should benefit us all significantly. Have a look back and re-read some of Nicks posts on expected news and any of BBN or other valuations purely based on vametco. I know you are close to your average but also consider how much stock the market has absorbed to take us there. Lastly if you are not comfortable investing further at this stage the don't, wait untill we are 30p and with a healthy paper profit invest more for the ride up to 80p and beyond and you will still do very well, if everything goes as the majority of investors here fully expect it to. Needless to say this is my opinion, based on my research. Good luck whatever your decision.
One answers is: Black means it took place exactly on the stated mid point at the time it was recorded as being executed so the system cannot presume its a buy or a sell. Analysis of trades surrounding the time stamp may indicate if it was a buy or a sell or others may have more interesting conjecture as to what sort of trade is likely to be delayed and appear to have taken place exactly at the mid price
Yesterday I bought on a complete gamble like pied.Thought i might make a small profit on the strange situation i watched unfolding. Got 6875 at 2p, and was unable to get rid of them. Not overly fussed but certainly a lesson learned. really am going to try and follow the approach of imagining holding in £20 notes the amount im "investing" with the click of a mouse. My Halifax account mockingly informs me that i have 6 shares, which i paid (inc costs) £25 each for, and it now values at 75p each. my holding is valued at £4.50 and shows a percentage loss of 97%. Im smiling because its just as ridicules as the 1000% rise we saw yesterday. never know, something amazing may happen! :)
not in auction , but my small trade also not showing on L2, cant see that they are listed anywhere other than LSE.
Aim really is perverse, great results so its clearly time to sell!?
apologies for my poor writing. What I was trying to say is that when i first posted today id watched the price drop in what literally seemed like free-fall over a matter of a few minutes. When i posted again id noticed the price had dropped further but had since also recovered somewhat. The way it had been dropping and with a significant benefit (Randgolds free drilling) no longer being in place i would not have been surprised to see it drop alot further or settle alot lower. Just looking back through previous RNS and notice Unity Mining Limited, is GoldStone's largest shareholder, holding 30.61%. With whats happened today i would expect Unity to be asking the questions we would like to.
Very glad about my break timings at work. Watched this drop from up 10 percent as I was logging in! Its bounced bavk to almost where I got out but would expect dip a bit further again till tomorrow morning as those tied up at clock on to whats happened. Hope they might manage a positive update on one of the other projects to reassure holders in the next day or so.
Looking back at our RNS history it seems we used to receive regular updates on the Homase/Akrokerri project? It also looks as though we used to put quite alot of energy and funding towards the project and that it was moving in a very positive direction... Can anyone recall why the project stalled? or is it on going without updates?
I am not invested here but am curious as to what happens in the event of the "reverse takeover" which from this bb seems likely. What exactly happens and what are the benefits from being invested when it happens. what financial benefit would an investor expect to gain in the next 12 months if the deal with EER were to be successful? would appreciate if anyone can explain this to me or even point me in the direction of the information laid out in laymans terms