RE: Site working?13 Jul 2019 13:18
This is one of those periods where the board are very, very busy. They will be closing out Vanchem and with that goes the plans they need to put in place to ensure the other kilns are put back into action as well as the hundreds and hundreds of things that are required when you take over a new business. Luckily they have recently done this so will be aware of the pitfalls.
I’m sure they are planning for Mokopane production and the mining right will drop just when they need it to, a bit like the Vametco transaction. Vanchem only has ore for another 12 months at it’s current production rate and Bushveld will want to ramp up production asap to feed the electrolyte business so they will have a plan and Fortune has stated that the ore will come from Mokopane.
I’m sure will shortly be hearing that Lemur has reached financial agreement and appointed an engineering, procurement and construction contractor. At some point after this Lemur will be spun off or sold. I’m hoping for a sale to JIRAMA.
Then there is what will ultimately be the jewel in the crown, Bushveld Energy. Mini grid installation, Demonstration VRFB with ESKOM and the construction of a electrolyte production facility are all on-going and take time.
I personally wish that the board would sing their own praises a bit more and publish a few more RNS to keep Bushveld in peoples minds but in reality I’m happy to sit and wait until the inevitable happens.