Member Info for HaleSpur

With all the doom and gloom the past year, you might as well keep going Libero. As BobbyAxe posted it's easier for humans to let the negativity stick.

That's a fair point Alfacomp didn't think of that. I suppose indirect mention in the Nov 2019 RNS update says enough about what they will be bidding for without influencing.

''Looking at our energy division, our recently revealed intention to establish a VRFB Investment Platform to lead investments in this space adds another important piece to our energy storage strategy. The platform will allow us to mobilise additional third party financing to support VRFB manufacturers' efforts to scale up their manufacturing capacity. The proposed merger of two proven VRFB suppliers, Avalon and redT Energy is an exciting first investment opportunity for the platform. The interim funding provided by Bushveld will help advance their merger and the eventual creation of a stronger VRFB company.

The investment platform comes at an apt time, as developments in South Africa's energy sector point to a large local stationary energy storage market. These include the recently announced Eskom 1,400 MWh battery tender and the South African Integrated Resource Plan ("IRP") which include a dedicated allocation for new energy storage deployments of over 2,000 MW over the next 10 years. We believe that these developments will position South Africa as one of the largest markets for energy storage in the world.

In conclusion, we have laid the key building blocks to achieve our production target of 8,400mtVp.a while advancing Bushveld Energy's competitive position within the energy storage market."

Thanks Pdub for the reminder with that transcript. You can actually see if unfold as he said last year.
Such confidence about African projects that you feel it is given.

Great find Libero.
I think it all makes sense why they used a third party to invest in the VRFB at the Vametco mini-grid and I assume the Eskom UET VRFB will act as the other project in which BE acted as the SA consultants for the developments. This should cover the 2 projects at >$300k.
If that is not enough they have enough firepower with 'associations and joint ventures' of Invinity and Enerox to 'enhance their qualifications.'
For balance I would add the Mini-grid is not up and running but we have seen some mentions of another project BE have managed that surprised us if anyone recalls it which could be a demonstration case.

UKSteve I don't think bidding for the Eskom BESS is news as such that needs a RNS but one that can help new investors see what project types BMN are interested in.

It also helps those who have lost faith in BE and have left the building to reconsider.
Don't forget all this information about the tender has been dug up by BB detectives last week and nothing that BMN have announced so they need to spell out their intentions if they care about sentiment.

Fortune needs to write in the Q2 RNS in big capital letters that we have BID for the Eskom tender so any old & new investors see it. I know he likes to hide things in his back pocket for as long as possible but this part of comms is important if he really wants to help the SP.

Bobbyaxe that video is pretty much 80-90% on share BB's worrying about the negatives far more than any positives that are possible.
I'm hoping those of us who are positive are paid handsomely when the time comes. For me nothing ventured nothing gained and I am willing to take the risks.

Alfa you read my mind but tried not to spell it out in case people think I am being rampy to side with VRFB's and mention Beirut.

Even though people will say there has only been a small number of Li Ion grid fires. We don't want that I told you so moment where many people are killed or injured by that one big story on the news.
Especially now it is closer to home and avoidable with a non-flammable solution even if this isn't VRFBs.

I know the trolls and pro-lithium supporters will say whatever to protect their investment but this is beyond that when we start looking beyond ourselves and the future decades.

Long duration storage and recyclability is the key for VRFB's and then add leasing and the numbers will work out cheaper than a lithium ion battery for grid storage. Lithium has its place in cars and devices for me.
Safety will be a big consideration as batteries get larger. You can see the devastation that can be caused by large fires and explosions and governments will be wary of this.

Alfa good link and shows they know what they are expecting from Eskom.
I assume the Q1 change is only 2-3 month delay which is in line with the Eskom tender delays due to COVID so no big issues.
-The first VRFB systems featured nearly all components imported (from US or China);
-Currently, we do partial processing in SA and have vanadium converted into electrolyte under agreement with overseas chemical companies;
-By end of year, we plan to have local component manufacturing on-line for electrolyte, the most expensive part of the VRFB;
-As the market grows, we plan to assemble full systems here, including local sourcing of components besides electrolyte, creating up to 80% in local content for SA projects.

Of course Bushy will supply the vanadium electrolyte if awarded the BESS but FM will have to have contingency plans to cover all scenarios.
I'll leave everything to the experts who have got the company this far and who know more than anyone on an anonymous BB TBF.

Hi Numpty, It was said in an RNS that electrolyte was produced using a third party using Bushy vanadium. It's no issue and i'm sure the electrolyte Enerox used in their 140 sites was not from BMN anyhow so how did they ever survive......
Can't wait for this to shoot-up and the only investors we are expecting are those within SA who are already investing into their own country. The future of SA renewable energy and battery storage will be a great investment

I'm waiting for Alfa's opinion on this one as I think he has a better understanding than many CEO's and analysts.

https://www.independent.co.uk/environment/wyoming-coal-mine-value-renewable-energy-climate-change-peabody-a9657446.html

Does that mean it becomes a buy :) so we should see a rise tomorrow.
I'm relaxed, whoever is buying will be the lucky ones when the BESS project is announced.
it will multi-bag from here and these are just daily fluctuations to wear down the weak!

I actually like it when people waste hours of their life setting up a new account and posting on BMN.

Can ask the etch a sketch what the close of play SP is ?

Not hard to call a rise when you are at the bottom.
I Don’t believe in Etch a Sketch predictions and MM’s are known to use it to their advantage to mug TA punters.

Daily fluctuation and improved sentiment.
Greavsie not like you to be negative lol

with* not we