Member Info for jogj99

Only at 15 because of the uncrossing trade so will drop to 14.625 when it opens on Monday. It is nice to see a 5 percent rise on here over the weekend though.

Almost all, if not all, mainstream share account providers state that they do not loan out shares for short selling. This has been discussed on numerous boards over the years and I have never heard of one company that allow it.

https://moderndiplomacy.eu/2020/06/25/irena-outlines-agenda-to-put-energy-transformation-at-heart-of-sustainable-economic-recovery/

This article is worth a read, focusing on how renewables are the best energy source for recovery in a post Covid world.

I have just emailed FM regarding the currently depressed share price. It has been on my mind to do so for sometime but I wanted to wait until the results were out.

I will share gist of any reply that I get with everyone here.

I think the reason that bargain conditions was never used at Vametco or for Lemur is simple, we have a different finance director now. Buying an producing asset like Vametco with cash in the bank and stock valued at over 10 million dollars was far more of a bargain than Vanchem.

I meant that the shares from Golden Summit would be used to set up dealing on the JSE.

Could an imminent JSE listing by the reason that Golden Summit aka Jose Borromeo have reduced their holding by 8 million shares? I was really surprised to see the post earlier concerning the reduction in share holding considering he has been such a supporter of the company since 2012.

I’m not so sure, although that is FM’s style. He had a call with analysts today and if there was something ‘imminent’ then would he have not waited?

Thanks Alfa. It is interesting how he highlights Southern Africa. The only place he could have got such specific information regarding the demand is from Bushveld. Yet more evidence of the incredible company the Fortune and co are building.

‘We forecast that VRFB demand in southern Africa alone could consume over 5 percent of global vanadium production over the next few years, creating significant new demand in a market where supply is relatively inelastic. If this trend is repeated in the US, China, and Europe, then we can predict new demand for vanadium easily outstripping supply in future years with grid developers queuing to secure available vanadium electrolyte supply.

The new availability of lease/rental financing for the vanadium in VRFB batteries should serve to offset the high cost of vanadium in the batteries, enabling the planning of more installations as vanadium comes available.‘

His salary will not be anywhere near that. Stop spreading uncertainty. He is a great addition to the board and you need to remember that IES are not RED. Avalon were described by Fortune Mojapelo the CEO of Bushveld as ‘thrifty’. There is no reason to think that Larry Zulch has changed his ways. There is the making of a great company here, don’t spoil the ride.

Brad, I believe any electrolyte sales until the completion of East London will use Bushveld Vanadium processed by a third party into electrolyte.

I think a large proportion if not all of Invinity’s project pipeline will be included in Bushveld Energy’s 250 MWh as BE will Be supplying the electrolyte.

IEA executive director Dr Fatih Birol warned, however, that clean-energy investment would need to more than double from current levels of about $600-billion a year to meet global climate targets. Birol also expressed concern over the rise in global approvals, led by China, for new coal plants in the first quarter of 2020, which were at twice the rate of 2019. Taking anticipated retirements into account, these projects, which would enter production between 2020 and 2023, would lead to a net growth in the global coal fleet of about 40 GW. This, despite rising environmental permitting and funding pressures and the fact that many coal plants were being operated well below nameplate levels globally, or being retired early. “There is a great risk that the lock down that the world has experienced may lead to a lock-in of obsolete energy technologies, which could determine energy patterns for years to come,” Birol cautioned during a recent webinar.

Green Stimulus Replacing the costliest 500 GW of coal with solar PV and onshore wind would also yield an investment stimulus of $940-billion, or about 1% of global gross domestic product. “Renewable energy is increasingly the cheapest source of new electricity, offering tremendous potential to stimulate the global economy and get people back to work,” La Camera said, arguing for the global post-Covid-19 recovery strategy to be a green strategy. “Renewables offer a way to align short-term policy action with medium- and long-term energy and climate goals. Renewables must be the backbone of national efforts to restart economies in the wake of the
Covid-19 outbreak. With the right policies in place, falling renewable power costs can shift markets and contribute greatly towards a green recovery,” he added. Irena’s green-stimulus message is in line with a similar call made in May by the International Energy Agency (IEA), which urged governments to include renewables investment strategies in their postpandemic stimulus packages.

Replacing world’s costliest 500 GW of coal with solar and wind would shave $23bn off system costs
TERENCE CREAMER | CREAMER MEDIA EDITOR
Replacing the costliest 500 GW of coal with solar photovoltaic (PV) and onshore wind would cut power system costs by up to $23-billion a year and reduce annual carbon dioxide (CO2) emissions by about 1.8 gigatons, equivalent to 5% of total global CO2 emissions in 2019, a new report shows. The study also shows that up to 1 200 GW of existing coal capacity could cost more to operate next year than the cost of new utility scale solar PV. Titled ‘Renewable Power Generation Costs in 2019’ and published by the International Renewable Energy Agency (Irena), the report states that more than half of the renewables capacity added last year achieved lower power costs than the cheapest new coal plants and that new wind and solar PV generators are also undercutting the costs of existing coal-fired plants. “We have reached an important turning point in the energy transition. The case for new and much of the existing coal power generation is both environmentally and eco nomically unjustifiable,” Irena director general Francesco La Camera said in a statement coinciding with the release of the report. On average, new solar PV and onshore wind power now cost less than keeping many existing coal plants in operation – a trend that will accelerate, in line with recent auction results. Record-low auction prices for solar PV procured in the United Arab Emirates, Chile, Ethiopia, Mexico, Peru and Saudi Arabia last year confirmed that prices of $0.03/kWh were feasible. Irena is forecasting that average solar PV prices will be $0.039/kWh for projects commissioned in 2021, 42% below the 2019 average of $0.068/kWh and more than one-fifth less than the price for coal-fired plants. Onshore and offshore wind both declined about 9% last year, reaching $0.053/kWh and $0.115/kWh respectively. Since 2010, utility-scale solar PV power costs have declined by 82%, followed by concentrating solar power at 47%, onshore wind at 39% and offshore wind at 29%. These sharp declines mean that more new capacity is being derived from each dollar invested in renewables, with the report showing that, in 2019, twice as much renewable power generation capacity was commissioned than in 2010, but with only 18% more investment.

Emerson Clarke telling the webinar participants that 69.3 GW of wind deployments were under threat globally as a result of heightened investment risks in the wake of the pandemic. Clarke said that action was required globally to ensure that the postpandemic recovery was indeed a green recovery, but reported that there had been a number of recent policy developments in the European Union, the US, Poland, Vietnam, India, South Korea and Chile that indicated that renewables would play a key role in the economic recoveries of those countries.

Under such a “moderately accelerated” scenario, the number of additional operational and construction jobs across solar PV and wind farms would rise dramatically from about 10 000 in 2021 to close to 40 000 in 2030. Steyn noted that these modelled employment figures had taken no account of possible manufacturing jobs, which could well arise once South Africa had a steady and credible build programme in place. Modelling work was also under way on a more “aggressive acceleration”, which would involve even higher investment and employment levels over the period. Enertrag South Africa CEO Dr Tobias Bishof-Niemz, who also participated in the webinar, estimated that the wind sector alone would invest between R300-billion and R400-billion and create 25 000 construction and operations jobs in South Africa by 2030 should the 1 600 MW allocation be sustained. Should South Africa “double down” under a green stimulus plan and bolster that yearly allocation to 3 000 MW, the investment value would rise to between R600-billion and R800billion, while almost 50 000 construction and operations jobs would be created. Yet more jobs could also be created in the manufacture of towers, blades, nacelles and gearboxes, but Bishof-Niemz stressed that most wind-related jobs were to be found in the construction and operation of wind farms. Hulisani CEO Marubini Raphulu told participants that the supply-chain disruptions experienced during the pandemic meant that countries, including South Africa, would reassess their local procurement strategies, including those governing the renewables sector. Raphulu also stressed that South Africa needed to take a more holistic view of energy as a catalyst for growth and should, thus, be focusing not only on electricity. Likewise, Bishof-Niemz argued that there was an opportunity for South Africa to couple its renewables stimulus to nonelectricity prospects such as the production and export of green hydrogen, which could be used to produce green steel, ammonia and aviation fuels. “The foundations for that export market and the beneficiation of South African wind can be laid now,” he argued, adding that South Africa should also seek to link its recovery with the green stimulus packages in Europe so as to ensure an even greater “bang for its stimulus buck”. Steyn cautioned, however, that a large green stimulus would only be achieved if fundamental policy, regulatory and market reforms were effected to address the policy and regulatory constraints currently confronting renewables developers in South Africa. “While there will be other challenges to achieving these large economic benefits for the livelihoods of South Africans, the main obstacles to success lie within our politics and the vision of our policymakers,” Steyn, who is a member of President Cyril Ramaphosa’s Presidential Economic Advisory Council, said. Policy uncertainty also presented a risk in other jurisdictions, with Global Wind Energy Council growth and partnerships director

Accelerated renewables roll-out ‘one of the few substantial recovery opportunities’ open to SA
TERENCE CREAMER | CREAMER MEDIA EDITOR
The South African government is being urged to accelerate the implementation of its renewable-energy-heavy Integrated Resource Plan 2019 (IRP 2019) as part of the country’s post-Covid-19 economic recovery package. Meridian Economics MD Dr Grové Steyn, who is currently modelling the economic impact of such an acceleration with the Council for Scientific and Industrial Research (CSIR), argued this month that a large renewables-led green stimulus was one of the few substantial recovery opportunities available that did not require any fiscal resources. Speaking during a Windaba webinar, Steyn argued that, with political will and policy certainty, an accelerated renewables roll-out was not only feasible but would also deliver material economic and social benefits, while also bolstering much-needed energy security. An accelerated deployment of solar photovoltaic (PV) and onshore wind generators would create immediate economic and employment opportunities, while opening up prospects for the domestic manufacturing of renewables components. Accelerating the roll-out only modestly, relative to the current allocations for solar PV and onshore wind in the IRP 2019, would result in a substantial increase in capital expenditure over the period to 2030 and thousands more jobs. The IRP 2019 currently anticipates that
1 600 MW of new wind will be added yearly from 2022 to 2030 and that 1 000 MW of utility scale solar PV would be deployed in most years over the same period. The Meridian and CSIR model assumes that the solar PV roll-out will be expanded well above the 1 000 MW yearly cap for the period to 2030, with wind moving above its 1 600 MW cap only later in the period, owing to immediate grid connection constraints.

Brookdata. Post recommended.

The reason the SP is depressed is that people sold out due to Covid and many continued to sell to buy into Covid stocks.

I posted sometime ago about LTH diversifying their portfolios and someone got my post removed. Many posters here only ever posted on BMN and then all of a sudden after a sharp depreciation in price were posting on multiple different stocks.

If people know a reason why the SP has been depressed on purpose, then say so. Don’t just tell people to DYOR!