Member Info for fatbanker

https://www.translatetheweb.com/?from=&to=en&ref=SERP&dl=en&rr=UC&a=https%3a%2f%2ffinance.sina.com.cn%2fmoney%2ffuture%2findu%2f2020-04-01%2fdoc-iimxxsth3030764.shtml

https://www.lse.co.uk/rns/RED/merger-update-board-and-management-changes-twfdk2iashp2c84.html

50 shares at 1p has become 1 share 50p, in a day or two they will change RED to IES

he left end 2019

https://messageboardfools.com/bashers.htm

numpty - most lessees make their deal structure choice on the basis of how much is the monthly commitment and how much is the deposit. deals could be structured on the basis of the lessee doesn't need to ever need to or want to achieve eventual ownership of the asset, simply paying a rental which is reviewed every 2 or 3 years, in return for use of the electrolyte, with ownership belonging to the leasing company and bushveld having a buyback obligation on expiry of the term unless extended..

numpty - we wont be doing full term 20 year money, the norm in the industry is 2/3 years then review and renew. I wouldn't rule out us doing the initial funding and then novating the deal into a leasing company once its all set up and has run for 3/6 months. one of the recent rns outputs spoke about 2 year leases. I think this is linked to proving the concept quickly.

I think that's the bmn vip

halespur - it reads more like they are going for on balance sheet leasing but any company that offers leasing in conjunction with its own sales offering needs someone in house to manage our end even if the eventual deal is done with outside leasing, its not 100% clearcut to me from the ad which way they are going. that's quite a demanding role.

@maxwellsmart -IMO, the best structure is a leasing vendor finance arrangement. Imagine U is the end user, B is BMN/BE, and L is the leasing company.
B sells electrolyte to U for cash and invoices U the end user, gets paid and makes the profit. B also sells the leasing product to U and passes the leasing sale to L for credit underwriting, documents, tax treatment, drawdown and rental management. U decides to take up the lease finance and sells the electrolyte to L who then own the electrolyte and rent it back to U. L will agree an exposure limit for all lease exposure to B clients. L will come up with the cash, there will be an agreed profit split on the leasing book, L will deal with delinquent rentals and losses, end of term unwind or renewal, and credit management of individual users. there can be many variations on the theme such as when U is someone like redt and the need for electrolyte is for a redt client then the client would sell to redt who then sells to L, and the sub user then pays rental to L. L can be a JV between L and B or can be solely owned by L but with JV agreement for profits/losses etc. The benefit to B of such a structure is L provide great expertise and specialist functions and B don't need to come up with the cash, as they would if on balance sheet finance was provided. That said, any deal B do on own balance sheet can be novated to the L entity after the fact if everyone agrees so deals could be done now and moved later. B will be keen to tie up as many income streams as they can as part of their vertical strategy but using a noted leasing company is important as international leasing is specialist stuff, not to be done IMO by a mining company. There is no reason why the leasing company could not use a trading name of say bushveld vanadium finance.

purely from a leasing point of view an asset which is leased to an end user has a monetary value and a leverage value. the monetary value is what its worth if you have to take it back and sell it, a leverage value is how badly the user needs it and will fight to pay for it to keep it. some examples, a white van may have a monetary value of £5k but if its let to a courier company and you forclose they will manage without it, either leasing another van somewhere else or simply having a smaller fleet. an asset which is integral to the success of a business such as a telephone switchboard may have a monetary value second hand of £50 scrap but the threat of entering the business and taking it away is a considerable leverage. with vanadium electrolyte you have double bubble, an asset worth cash second hand and an asset which is invaluable to the end user.

reasonable day. 4th highest volume in aim 100. onwards..

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=GG00B4TM3943GGGBXASQ1&formName=frmRow&upToRow=20

quite happy to see sells going through, they aren't mine but in the longer run they will enable the buying to continue which takes shares out of the hands of MM, Traders, shorts etc and into the hands of longs

4.5 hours for lunch as well

welcome on board

https://www.hl.co.uk/shares/shares-search-results/b/bushveld-minerals-ltd-npv

https://www.hl.co.uk/shares/shares-search-results/b/bushveld-minerals-ltd-npv

https://messageboardfools.com/bashers.htm

Numpty, any residual value allowed in the lease arrangement will be based on an independent professional value arranged at the outset. the RV is usually a % of the PV. The last RNS other than speeding tickets said- The vanadium electrolyte will be supplied to the Projects via long-term lease or rental arrangements, with financing from external funders that the Partnership are currently in discussions with.

note the external funders, this will be leasing finance providers using their cash not ours. we as vendors will sell product to the end user who will pay our invoice having agreed to then sell the product to the leasing company in return for lease finance into their account and a rental each month. BMN will agree to buy the product in the event of default or on final rental payment unless the user has a buy option. the lease company will manage the paperwork and technicalities. the lease company can of course be a JV between lease company and BE so profits are shared, or it can be lease company solely but with a separate profit share agreement. the initial 2 year lease profile I have seen quoted is most likely to convert what is a virgin market concept into a reality asap so RV estimates can be proven to be robust and % RVRV Valuation can be as high as possible.the provider of the lease finance has to own the asset being leased.