Member Info for faramog

ha ha .. did not stop they shysters paying a vast dividend in April !! .... this was just obviously going to happen

well gkb47 ... "higher/lower than V205 sale price?" .. not the right question. Higher or lower is not relevant.

BMN sells Vanadium at market price
BE adds value by turning into electrolyte
now 2 option - sell direct as product (with a profit), or lease via a separate finance company. This pays BE an agreed price for the electrolyte (so BE makes a profit), then does the usual leasing finance arrangements (only time periods, interest rates and agreed residuals vary ) so a revenue stream comes in. This stream represents the financing costs and a profit. That profit will be shared with BE.

Hence a growing and rapidly increasing revenue stream.

No one is giving Vanadium away at below market price ! That is not how leasing works (or can work)
Leasing company

well good luck to you Drifter .. should have sold a year ago if you did not have a long horizon !

2,961 MTV in 2019, forward guidance range circa 3,900 - 4,300 (if memory serves), I am going to be positive and say half way at 4,100 MTV ... that is +38% this year..... and every gram making a decent and growing profit !

gkb47 - I sense the confusion and frustration. BE will contribute when the electrolyte plant is operational (Q1 next year). As for revenue and Robbing Peter to pay Paul, perhaps a useful way to think about it is in terms of automotive leasing (but longer term).

The Vanadium will be sold (as I understand from previous comment) at market price to BE who will add value by turning it into an electrolyte. This can then be sold direct (some will do that), or for larger systems, lease, so an up front fee, an annual fee and a residual at the end of the term. As the lease carries a premium, that is income to be shared by BE, the finance company etc.

Remember that the vanadium can be fully recovered and sold or refurbed after 20-30 years - so a pretty large, growing and sustainable revenue stream backed by a long term asset value.

More than half of automotive profit comes from leasing and the revenue share between the leasing company and plants (one way or another). In their environment, the leasing vehicles have a 3-5 year life typically and a low residual after so to the overall pyramid has an effective ceiling .... but with Vanadium ... that ceiling is from here to the moon !

Bushveld Minerals will sell the vanadium at market price (or within a band defined by some average tracker). BE will provide compounding and exponentially growing revenue streams from leasing

THIS IS WHY BUSHEVELD ENERGY IS THE STORY ! .... but on from 2021-2 onwards !

problem is @Drifter .... the 'real' LTHs are not bothered about next years results and a profit drop as the average Vanadium price is lower, smaller drop as production is higher and costs lower ... etc .... still very very profitable.

Last years figures were an aberration, a spike that usefully generated a large amount of free cash to re-invest meaning no dilution or expensive loans.

Where I (and I suspect many) am at is 2022,3 & 4, as large electrolyte revue streams come online, as production grows to 6,7 or 8000 mtv.

Even in the vanadium price stays totally flat (or even falls), the accounts will show massive cash generation

So .... realistically .... shove your short term trader drivel and think longer term

Start at 35 .... a lot of waffle about gold from 28-25 ....

********** 28mins 37secs for Bushveld
https://tinyurl.com/yddqx7kh

********.... Filtered

Well Vametco is a mine in the Bushveld fold - no reason to specifically report P/L account numbers for it. Secondly, Lemur makes no may (yet) as it is a future build project... and again, sits inside the holding company

Do you expect Boots to give individual P?Ls for each store ?

also Hamil ... was reported on businesslive.co.za under an article tiled "bushveld eyes delayed jse debut within 12-months"

Hamil... I think I heard that in the investor dialin yesterday ..... but quite honestly ... it is imminent !

I have long held the view that being held back was in JSE interests .. nothing like indirectly greasing a few sweaty palms with a quick profit !

I have never subscribed to JSE listing as being relevant to bushy other than at a local SA level..... just please tie it up with a move off AIM !

Problem is, JSE is now 'in the next 12 months' .... so - for the foreseeable very probably

Not sure I read much into this other that, backburner until Q1/2 of next year. Selling at any real value must surely require the development funding to be in place.

Lemur is in project finance discussions for
the construction capital with interested
lenders. The company’s objective is to get
the project to a ‘construction-ready’ stage,
which we previously announced would be
completed in the first half of 2020. Due to
the effects of Covid-19 we anticipate that the
project will get to construction readiness in
the first half of 2021 and attain financial close
soon afterwards. Discussions with lenders
are expected to be concluded during 2020,
once the key studies such as the SEIA and
the mine definitive feasibility study are
completed. Subject to financial close on
approximately US$160 million of funding, the
plant commissioning date would be 2022.

oops .. thought I had selected the whole text ...

....Post year-end, the Company completed a
preliminary desktop scoping study for a
three-phase refurbishment programme to
achieve a production run-rate in excess of
4,200 mtVp.a. by 2025 through the three-kiln
configuration at Vanchem.

@Snott .. exactly .. from the annual report:

Vanchem not only brings immediate scalable
processing capacity, but on completion of the
refurbishment programme, its three-kiln
configuration will add important flexibility to
the Company’s production throughputs
without compromising its cost efficiencies.
The vanadium chemicals and high purity
oxide capabilities will be particularly key as the
Company grows its exposure to the emerging
stationary energy storage industry through
VRFBs.

exactly Halespur .... I am not expecting a div to be paid before 2022 (unless it is a special when Lemur is sold and perhaps some money returned to wet the whistle).

As the revenue streams (yes plural) grow, hard to see yields to current sp not heading to 30,40, 50% .... loads of growth to come

no dxgraf, he did not.... he stated some facts, then as many feel rather disingenuously started describing the situation as essentially dire and a collapse.

Look at the figures, Bushy is right at the top of AIM profitability. Just remember, 2931 mtv last year, a realistic 4,200 this year (so +43%) .... and every gram carrying a 60-70% margin at current prices.

yawn !! So MM.... the figures you state put us where in the league of profitability on AIM's 724 listings ?

Revenue - $116m 2019 / $192m 2018
EBITA - $32m 2019 / $101m 2018
Operating Profit - $22m 2019 / $95m 2018

And you bang on like the world is caving in.... may have escaped your beady eyes, but the valuation of the Vanchem asset was essentially twice what was paid for it. Even with lower 'cash' profit, the NAV of Bushveld has increased .... or maybe you can dazzle me with obscure accounting geekery

Ha ha Sanchez...... May as well say 'I own no shares and have done for years and talk utter bo11ox'

... ask the FSA.... No wait... Don't bother... They don't care about manipulation