Member Info for JMC69

Hi Pdub, going back to your original question, take a look at the trades over on JLP - I've noticed that they also seem to have a huge number of them.

In our inexplicable whirlwind last 24 hours I don't think I spotted this article being posted. It's all familiar stuff, though I don't think I was aware of a regional office in China. Maybe I missed that bit. South Africa too... obviously.

https://www.rechargenews.com/transition/vanadium-flow-battery-giant-to-go-head-to-head-with-li-ion-kings/2-1-789769

@Deece - every single point you make is spot on, certainly from my point of view.

I think I can see who it might be, however I think you need to multiply the 1244599 by 50 to get the answer. Would that sound about right Alfa?

Stodgy88 posted the other evening about only diehards remaining, well I must also be one of those because I'm still very much here and the lower the share price the less likely I am to sell. Maybe there are quite a few of us still out there but some people have lost their appetite for posting lately?

Alfa, I want you to know that I absolutely support your effort and hope it's successful though I'm afraid I don't really feel in a position to contribute at the moment. I still have the same 108000 shares that I've held for years now and they're not for sale, however as a freelancer in an already fragile industry my work has dropped off a cliff lately. I'm certainly not here for sympathy, we'll be fine, but the reality for me is that work done over the last three months may never get paid and likewise with the small amounts that I do have now. The trolls, maggots, liars, thieves and shorting hedge funds parasites who seek to profit from others' misfortune need to ask themselves some serious questions about the type of human beings they are and how they behaved when the world was in crisis, though I very much doubt they have the capacity to do that. The world will remember though.

Bella, superb post.

Did I miss the RNS that said Bushveld had decided to ditch the whole vanadium and energy side of their business and instead become an oil producing restaurant coffee shop cinema airline instead?

It's nothing short of opportunist theft. It truly and utterly stinks.

I noticed that yesterday so found this, which is anything from a few mins to fifteen mins delayed in reporting trades. It's not all that pretty in mobile mode but seems fairly up to date so far this morning.
https://www.sharesmagazine.co.uk/shares/share/BMN/trades

Excellent post by the way Alfa.

Yes, they were separate. Off the top of my head the two 500s went for the 'Everything must go' price of 17.6 whereas the 1m was for the 'I've recently had my brain removed' price of 17p.

Someone drew attention to a few quotes from that Youtube film last week but they didn't seem to get a lot of reaction at the time but I like these a lot:

"we have signed small contracts of vanadium electrolyte rental"...
"so we've done the small contracts and we are now in negotiations for larger contracts and we want to demonstrate that rentals are a real enabler for VRFB so we're putting quite a lot of effort into that".

Exactly. It'd be very nice but I don't think I've ever heard that officially specified. Still, I like the story being shared with a new audience but you've really got to get the basic numbers right.

I've just been having a little mooch on the freetrade website and stumbled across an article from yesterday which begins with:

"So, what if I told you that this South African junior miner is one of the most exciting energy storage/battery hedge play you could make? And one that I think could be a major player in the worlds’ energy storage markets over the next few decades…"

There are a few inaccuracies such as BMN producing 4,000,000 tonnes of vanadium a year. Hmm, that would be nice but I'm not sure we do, and I never like the Betamax analogy because I think there'll be plenty of room for multiple renewable grid storage technologies. There's even a link to the TBP, but it is all very positive and concludes:

"As a product portfolio, Bushveld Minerals is very current and diverse. When the vanadium price is high, the mines will generate lots of cash, when the vanadium price is low the VRFBs will drop in price and become more attractive. To hedge yourself in this way is breathtakingly obvious and yet…I can’t name many mining companies that have done it.

If VFRB becomes the worlds premier battery storage, well, I think we’ll be looking at a very different share price. Brokers targets range between 45 and 85p - but realistically the sky is the limit if it takes off.

Also worth mentioning Bushveld are looking to progress to the FTSE 250 and a listing on the Johannesburg Stock Exchange, where they’ll start to get picked up by ETFs.

I’ll admit, I find the story of BMN incredibly compelling and as could find no better finishing sentence to my notes then the one line CEO Fortune Mojepelo regularly states in interviews;

‘Our story is only half told!’."

https://community.freetrade.io/t/deep-dive-bushveld-minerals-bmn/16616

I hadn't realised that 18.75 had been the floor but I suppose that does look about right. On the 23 Dec I dipped into the change pot of my rubbish old Citroen, found 3p, a broken pen and some old Cadbury's Buttons and bought a few hundred quid's worth anyway...at 18.75p. I'm OK with that.

Thanks from me too loudspeaker. You are appreciated.

Tomorrow just so happens to be my birthday. Sadly I'm not in the market to be treating myself to any more shares right now so I'll just have to make do with what I've got. If Fortune was to send me a little something at say 7am, in honour of those of us who love to love a certain steel strengthening battery metal I'd be quite happy for the 14th Feb to henceforth be known as...Van-alentine's Day.

I liked what I saw of Fortune on CNBC yesterday too. Bear in mind this was live TV, not a pre-recorded PR release, but he was calm, relaxed, and as ever, very assured. I always think he comes across with a real sense of dignity too.

Do they offer washing facilities, it's just that it always leaves me feeling a bit grubby.

Precisely which bit of record annual production, Q4 production increase of 32% YOY, continued profitability despite low prices, currently rising V prices, Mokopane license, lower Vametco production costs, resumed production at Vanchem and extremely positive 2020 guidance is 'bad' I wonder?

I'm no exp...ahem specialist but I think it all sounds pretty damn good.

C

Well said Sanchez.

Meanwhile, while we wait for VanEck to update their REMX data, the MVIS Index which VanEck's ETF claims to mirror now shows Bushveld as no longer listed as a component. I confess I haven't looked at it for a while but assume it's current.

https://www.mvis-indices.com/indices/hard-asset/mvis-global-rare-earth-strategic-metals/components

I'd say VanEck have Van-ished. As ever, very well spotted by our friendly neighbourhood trade analysis man.

And this is where I'm finding Alfa's 02:12 metaphor rather torturous. I already own quite a number of very nice little black dresses and I'm really not in the market for any more, but I'm walking past the shop and can't believe how cheap they are so I'm finding it very difficult not to buy another one.

Alfa, like I said, spread bets don't interest me in the slightest. They sound an excellent way of losing money.