Member Info for Daisan

This RNS outlines a very grand vision indeed. As pb940 points out, point 3 of the business plan indicates the potential for investing in a VRFB manufacturer. In addition, point 5 suggests investment into the actual storage projects themselves, thereby creating an ongoing revenue stream.

Bushveld really are looking at having a complete end-to-end energy storage solution, not just via partnerships but through direct equity stakes. You have to suspect that UET will be that partner of choice and I can imagine an injection of capital to UET to pay for the establishment of the VRFB assembly facility in South Africa in return for a stake in the company. That will be interesting. As will stakes in the energy storage projects themselves where Bushveld will be supplying capital to buy product from itself, thus reducing the capital outlay to the client and sharing the risk in return for an ongoing revenue stream.

RichKen,

I have not posted as much recently as there is little more to post about that hasn't already been posted. I am a data person so am quite happy to crank through some numbers but I have now done this many times, along with NickD who also seems to be a numbers man.

I am waiting for something significant to happen. At that point I can happily crank some numbers. Until then I think that there are others with much more interesting things to tell than me.

Bligh. That is just bizarre behaviour.

The market didn't know the price. The market reacted to the fact that the BFS was delayed and at that point sentiment moved from bullish to bearish. In such an environment the focus shifted to the funds available (an AIM obsession which is ironic considering that the AIM market exists to raise funds for developing companies without access to revenue streams) and, hence, the need for a placing. I suspect that the amount being raised is being kept to a minimum as they feel that the current price undervalues the assets.

Maharishi = 'Jagadish' ! Stupid autocorrect.

This is speculation Maharishi but there are dilutions and then there are dilutions. Diluting somewhat to triple your production more quickly is a good thing. Diluting for working capital purposes is not so good. Fortunately we don't have to go down the latter route.

Mokopane could sustain 25k tonnes V2O5 production and more just from the resources included in the PFS which is only a portion of a much bigger resource.

Have you only just got up Endion? This was discussed a few hours ago.

There are many strategies that people use to make money on the stock market. Needless to say, for most traders on AIM these fail. But it is up to the individual to decide what is best for them and who are we to judge one way or the other?

What I would say is that any strategy should:

1. Deliver gains over the long term - too many get wedded to a strategy convinced that it is the right approach despite all evidence to the contrary
2. Be adaptable - should the the gains not materialise for whatever reason (a flaw, market sentiment, etc.), be willing to change
3. Be patient - success rarely materialises overnight and when it does it can be counterproductive as you learn little from a one off success (e.g. suppose that somebody stumbled onto Bushveld when it was 1.5p and bought in - they may now feel that they are God's gift to investing despite the fact that they may understand very little about the actual investment process).
4. Make sure that the risks you take on are commensurate with your needs

At the end of the day, if you have developed a non-biased, managed risk strategy that consistently produces more winners than losers (i.e. the probability of success is > 0.5) then you are doing well.

Indeed. They do not engage much. Then again, the opposite extreme is materially damaging to a company if adopting the Elon Musk school of diplomacy.

They did both.

It is interesting that Bushveld have retweeted the following tweet by Mr Remmy:

https://mobile.twitter.com/harvrem/status/1067258298737598464

The essence of the tweet is the suggestion that Bushveld Energy plans to get involved in energy supply.

According to Google somebody just sold for 1.00p. Is that going to prove to be a mistake that is reversed? Or a huge sale? Or somebody foolish enough to agree to that price?

Hmmm. If they have reiterated this then fair enough but I tend to assume that these dates are missed on most of the companies I invest in. BMN tends to get the big things right but even they tend to miss deadlines. I do not expect anything particularly new or share price moving in a BE update unless they can give details about the PV project they have suggested they are involved with. The business model has effectively been released but some detail would be useful. The real mover would be winning contracts.

Why do you feel we are guaranteed news this month?

I'm guessing that he/she bought at the top. Why do people waste their time and energy creating an account just to slag off a company?

How's the pole dancing going?

Actually, the chart looks bad. The price dropped below the downtrend and the current short uptrend has just got up to meet that downtrend line and turned back, suggesting that the downtrend line is now resistance. I don't see that much to be cheerful about technically at the moment. Fundamentally it appears to be in stasis with no access to the funding levels required to take this mine to the level that it should be operating at.

All of this could change on a dime of course should there be funding news. However, you start to wonder whether or not the prime movers here actually want the funding, preferring that the share price continues to drift until they can buy it for a song (which would have to be after January when they had transactions at 3p per share). The one caveat on this is the fact that the CFO has bought recently. If anyone was to know about funding plans or otherwise it would be the CFO.

We can speculate on these things (and heaven knows the repeated statements around brownfield inspire speculation) but BMN has taught us that they will come when we least expect them to. It is like the very logical statement that attending a major conference is the best time to release news ergo news will be released. I can't remember BMN ever doing that. As such, I prefer to sit back knowing that, at some point, news will be released that is consistent with the statements that have been made although sooner rather than later would be appreciated. I seem to recall we were indicating just what a monster Q3 2018 was going to be so I am not yet ready to give up on this quarter quite yet.

BMN remind me of a presentation lesson I was given once. Being technical my presentations tended to be very structured and logical, detailing all the steps that had been gone through before delivering the punchline. Of course, everyone was asleep by that point so the punchline was moot. Instead I was told by the CEO (the only useful thing he ever contributed as I recall) that a presentation should have three parts - tell them what you are going to do, do it and then tell them what you did. This is what we are seeing from FM. He did it with Vanchem and he is doing it now with the next evolution of the company. I would just like to move on to the 'do it' bit now.

As an aside, somebody indicated that they wanted news very soon as otherwise it would be lost, the implication being that the run up to Christmas is a bad time for news. I strongly disagree with this. Christmas is a great time for news as the investor's mindset tends to be more positive. Couple this with reduced volumes and movements tend to be amplified. I would be fine with a mid-December announcement of a Mokopane mining licence and the purchase of Vanchem but I suspect that the only material news between now and Christmas will be a dividend policy (which I expect the market to receive very positively).

I fully understand that. However, I have seen prices dip dramatically in AIM companies purely to trigger stop losses only to see it immediately return to the price previous to the dip and continue an upwards journey (of course, in this instance you need an upwards journey!). The structure of AIM is such that market makers can pretty much do what they want and triggering stops is most definitely one of those things.