Member Info for HaleSpur

So it seems the environmental authorisation was only granted on the 4th February 2021 for a 20MW substation project on the Western Cape. Now we are hopeful on hearing something about this as the technology considered is Lithium or zinc br/vandium flow batteries. 1 in 3 chance if all things are equal.
Hopefully one smaller more realistic project for BMN can be announced sooner than the larger projects. I think any objections have 20 days so on 24th February we might find out more.
Explains why there has been radio silence on this front as the regulatory gears are usually working at snails pace.

Yes Bobby thinking the big man himself will announce his tax disposal this week.

Shouldn't you be happy Marksith6. Thought you were going to top up at 14p so you must be getting closer to your target.

I think as they have at least 3 bits of news minimum to give nxp001, 002 and 004 they have to update the market in the next week if they are all separate noteworthy stories.
If there isn’t anything significant then I could see them put them all in a Q1 update. I.e Oxillo have decided not to pay us the millions we wanted lol.
Come on Anne this is your quarter to shine and get sentiment back in this share. This can be aided with multiple RNS’s to push the SP.

Take it Argus just auto-updates until more accurate updates come online.
Seems they ran with the same V price all CNY. $34Kg will do me for now until we get another description over the next day or two.

Don't forget Saudi plan to produce 3GW for vanadium electrolyte per annum with their German partners. Quite possibly they will need more than they get from spent catalysts.

I have been in that party since 2018 even after the sell off and still waiting for it. I'm actually hopeful there is a £2 party in a few years at 8400tpa V.

Im a bit upset about that result DBB :)

https://londonnewstime.com/uk-equity-investment-two-of-the-cheapest-equities-currently-to-buy-for-isa/83430/
from Ken Moir's tweet, some more coverage on Bmn.

https://www.marketwatch.com/investing/stock/lgorf?mod=over_search

Used the OTC US price for market cap in USD.

Ignore limiting dilution by Orion. $35m CLNs will be converted regardless.

Conversion feature

§ Between drawdown and the Instrument's maturity date Orion may, at their option, convert an amount of the outstanding debt, including capitalised and accrued interest, into Bushveld ordinary shares as follows:

- First six months: Up to one third of the outstanding amount;

- Second six months: Up to two thirds of the outstanding amount (less any amount previously converted);

- From the anniversary of drawdown until the maturity date: the outstanding amount under the Instrument may be converted;

- Bushveld also has the option to convert all, but not some, of the amount outstanding under the Instrument, if its volume weighted average share price is more than 200 per cent of the conversion price over a continuous 15 trading day period, a trading day being a day on which the AIM market is open for the trading of securities.

§ At any time until the convertible maturity date, Orion may convert the debt as above mentioned into an amount of ordinary shares equal to the total amount available for conversion under the Instrument divided by the conversion price of 17 pence.

That is some ramp past the £1 party, were you drinking espresso martinis or something strong last night?
There might be another $6.5m shares worth of dilution from Duferco and $35m from Orion in the long run so the company will need to be valued at closer to £1.4b to get there as a worse case scenario.
Largo is currently US$938m Mcap and as calculated by Gambit et al we produce less so fair value is probably still 2x from here without VRFBs and at current V prices.
As mentioned Largo LOM is 8 years also and they will likely need investment and exploration to determine if extension is possible. Potential dilution for them unless we have a spike like 2018 and they have lots of cash in the bank.

If the V price goes to $45kg plus average then I think BMN can pay off Duferco fully in cash and limit dilution on the Orion front.

With expansion plans above 5000mtV this year, it is not unreasonable to consider BMN will reach the £1b Market cap (currently £220m) by 2022 if everything remains positive. Their refurbished and expanded assets alone should be valued at £400m alone and hopefully VRFB's are known to the world as a serious contender for grids.

https://www.miningweekly.com/article/glencore-tests-market-for-self-generation-solutions-at-chrome-vanadium-operations-2020-11-12

I'd be happy if Rhovan asked BE for assistance to set up a VRFB mini-grid as it makes sense for them. I think it might happen when you read the bottom of the page. We might get project development fees and some money with our stake in Enerox but ultimately the more vanadium taken out of the steel industry the more profitable the V price will remain for BMN. Vanadium sales will always be the main money maker for the company, but the SP will fly on energy storage news.

26-11-20: Closing date for Glencore's green energy/storage tender for its chrome and vanadium operations in South Africa (see 12-11-20)
15-12-20: DMRE-RMIPPPP Preferred Bidder announcement (estimated)
22-12-20: Closing date for South Africa's Department of Mineral Resources and Energy (DMRE) RMIPPPP (2GW) contract (moved from 24-11-20)
30-12-20: Original target contract award date for Eskom Package 1 (Skaapvlei 80MW/320 MWh, closing date 21-10-20)
31-12-20: Dalian stage 1: confirmation of commissioning [approx date]
31-12-20: Gresham House Energy Storage: target acquisition agreement for an operating facility to expand its portfolio of utility-scale (storage) assets
25-01-21: Target contract award date for Eskom Package 2 (Melkhout 35MW/140MWh, Pongola 40MW/160MWh, Elandskop 8MW/32MWh)
25-01-21: Target contract award date for Eskom Package 3 (Hex 20MW/100MWh, Graafwater 4.5MW/25MWh, Paleisheuwel 10MW/40MWh)
28-02-21: DMRE-RMIPPPP Preferred Bidder announcement (estimated as Jan-Feb 2021, see 03-11-20 announcement)

I'm all for communicating the negative aspects of this company as we all want improvements from the board to improve sentiment and reach targets on a timely manner. I was in support of the emails being sent once upon a time to improve comms/newsflow etc.
Hopefully COVID is getting under control and we start hearing about BESS/JSE/microgrid which should have been delivered sooner. It would be great if all the big PI's and Big II's have finally left the building and stickier hands help build some stability in the SP even if it is at a new base.

Sorry about the slur had drunk something stronger last night and Nescafe is acceptable.
My issue is very negative posting to reduce sentiment when not invested and increased ramping when invested as it is a bit disingenuous in my opinion.
Couldn't care what trading anyone does but I dislike dishonesty on BBs or in life to suit their agenda, especially when people have savings riding on it. I would be fine if I lost everything here long term but I know many others need success for their futures.
As for me I haven't touched my BMN pot for for 2.5-3 years and only added this year so not one of those LTH traders. All these ups and downs are all noise to me and its healthy being emotionless to the SP fluctuations.
I don't think I have ever mentioned much about MM's to be fair and all those those negatives you have mentioned are still there with this company/industry btw. I also think the largest drop was due to COVID personally and has also set the company back a year.
Good luck all.

Just remember when this person is invested she/he will ramp but when they are not they will be a miserable sod about BMN. well balanced of course.

Simple answer CC is full of manure and does not know if larger PI's are selling. He drinks Nescafe as well.

$34kg was yesterday so let's see what Monday brings.

Can't fault your conviction HB and you will deserve the riches this share will bring if and when it does.
Im heavy on two shares (this and BMN) so decided to diversify with another miner before temptation to average down :)
Suppose investing is about buying and holding for the good times!