Member Info for faramog

well Charlie123 .. best of luck.. I for one do not expect much of a drop

yes Daisan .. I agree. I thought the direct ore shipment was an option to fund the brownfield development avoiding dilution

short term shortage ... maybe you should do a bit more research .... the earliest any significant vanadium find would start producing anything significant is 3 years ... the supply as it stands in the world is it, the demand is rising rapidly in steel due to Chinese rebar reg changes and world growth. On top of this the VFRB sector needs to procure 100's if not 1000,s of tonnes of Vanadium.

Mikemine ... well, each to their own research but as you say, Red no longer considers gen3 differences to be a deal-breaker ... exactly the argument 2+ years ago. In that time they have increased staff, sold (not sure if they actually were sales) some minor test sites and there is limited data from them ... Just look at the large VFRB plants being constructed and ask about scale. The German deal (should it turn into sales) is 100's of machines .. not exactly efficient. As I have said for a long time now this is an under-performing company that soundbites hopeful news just before big deadlines and then under-delivers. I hope it flies but so far it seems to move with the grace and speed of a geriatric in a zimmer frame

leave politics out soxwill .. especially through your rose coloured spec

I susoect the slicing number may have evolved as the picture and upside got clearer.... the forst point I am looking to sel some is some way off numerically but probably less than a year away .... but the the BE, Mokopane, Electrolyte, Brownfield etc pic may change it again...... I read an interesting article about topslicing and selling down arguing that arbitrary targets loose opportunity growth... its about regular review of the upside risk

its now 14k less 5% fee plus 2.2k giftaid ... les

well I fist invested here 2.5 years ago.. there was then a fund raise for Gen 3... a year later they said 'its coming and now we need more for staff and commissioning' .. a year after that .. well they still ain't delivered much.

Thing is, RED's offering is the less (chemically) efficient single acid electrolyte (not vast amounts in it from what I gather) and the real IP is in the stack (The bit that handles taking the power in and out)... There is no data to suggest that gen 3 is any more or less efficient than any one else's stacks. When you consider there is a conversion loss in and out as well, the relative % difference in performance may not actually end up that significant - it will be about maintainability and lifetime costs.

The world is already in vanadium supply deficit and that is growing (hence the pricing keeps going up). Leasing may be the long term answer for electrolytes but they still have to source it and to make 100's MWH machines takes 100's of tonnes of Vanadium ... RED has never let on anything about supply agreements but rather trivialized them. In a recent Scott video he made a lot about the abundance of vanadium (being the 20th most common mineral), but rather neglected to mention its mostly in very low concentrations that are impractical to recover

Well @Mikemine, RED was 'developing its gen 3 and building its staff a year ago (which was why they had a fund raise) ... its an old line and so far very little to show: some frame options (not sales). I have strong hopes for RED (despite what I consider to be poor management), but the fundamental success question is about electrolyte supply and with Vanadium pricing going up 25% in a month and still rising, I would love some real clarity. It is one thing to sell a few small units, but the 100's of tonnes of vanadium needed for even the most basic German machines - where is it coming from and at what price ?

...and perhaps leave politics off the bb (just look at Lloyds if you want to see where that goes

I went through the bushveld story earlier in the year with a friend (amazed he remembered as it was at a stag do). He bought 20k shares ... I kept feeding him the updates and he went to about 35K shares.

Long chats and walk through figures a weeks or two ago and now he has 154K shares.

Spread the word peepz

No actual explanation and having just upped by 1p so recently when as in-house broker they must have had either the actual figures or a clear idea of them is just .. words escape me ......

I have decided that in future I will make no direct comment about SPA or Meyers as I do not wish to offend anyone who is a professional Clown

Tow comments I pic out that do seem relevant ... what is the Roskill model I wonder..
We currently assume no value for Bushveld Energy or the Lemur business units though we do include some value for Bushveld’s stake in AfriTin and Bushveld’s other vanadium assets.

If we use vanadium prices estimated by Roskill, a leading price forecasting consultancy into our model for 2018 and 2019 we add a further 2.3p/s to our valuation.

you are kidding pd940 .. do post the link .. I need a laugh

interesting read .. not hard to modify some of the assumptions and see where we head .... ARC are conservative (not a bad thing) but seem a bit more detailed that SPA.

Just look between the lines and add in the other non attributed parts ... stellar !

does anyone know the date of when Corbin passed away ?

an off the cuff guess (and we can only guess) is that revenue is paid in dollars and maybe some was held back and not converted to pay for the capital equipment earlier in the year for phase 2. That would be paid in dollars.

I doubt there is anything nefarious, but just when appropriate conversions are done to maximize cash flow and efficiency and not always to maximize revenue/return.

I suspect NickD's accountancy hat may be a better source of nuance

3.5m lapse in 28 months and 6.3m in 2 years... no need for warrant holders to do anything except wait for a big pay day..... unless they suddenly need cash it seems to me the mm warrant games are over gor a fair while.... as Alfa said .. now going Long

www.investegate.co.uk/bushveld-minerals-ld--bmn-/rns/interim-results-for-the-period-ended-30-june-2018/201809260700059689B/

nice post @AIM_Chaos ... I love the re-tweet ... https://twitter.com/AIM_Chaos/status/989766698709352448

thought I would post for a bit more interest ..

http://www.lse.co.uk/view-general-chat-thread.asp?forum=general&thread=8970FFE1-0375-458B-9130-FD3E6332A11B

but a very generous FB ...

wow ... there were 54 entries in the comp ... after 34 donations just under 6 grand raised so far .... amazing