Member Info for LB21

A bullish update below -

https://roskill.com/news/vanadium-pangang-enters-the-vanadium-redox-battery-space/

Nice to see that Bank of America have identified VRFB's as a radical technology which has the potential to transform the way the world operates.

Exciting times.

https://seekingalpha.com/article/4455518-wall-street-breakfast-new-moonshot-technologies

Hello all

I don't confess to being an energy storage expert in the slightest and maybe this is somewhat obvious to others and I just hadn't considered it to date so just wanted to put it out there...

I have read a lot about how the LOCE for lithium ion batteries has reduced quite dramatically in recent years (which to some extent is the reason why it currently enjoys a cost competitive edge in the battery space (up to 4 hours or so))...

However, I have also seen many forecasts (that are equally quite dramatic) which show that lithium demand will soon outstrip supply. Particularly because of the growth in EV's...

More on that here - https://www.linkedin.com/pulse/dangers-understating-magnitude-battery-material-matt-fernley/?trackingId=%2BrHXAnM1Rz%2BJ6Kyh35Kr7g%3D%3D

So, surely once lithium demand outstrips supply this will mean the cost of producing said batteries will increase substantially, thereby materially increasing the LOCE per kwh of lithium energy storage when compared to say VRFB's?

Q3 results are going to be fantastic. The best in years. Just wait and see.

Average ZAR/USD for h2 so far is 14.57 is also better than what was baked into the forecasts (14.25).

So notwithstanding a complete curveball out of leftfield turnover will be up and production costs will be down.

Hopeful for an update on the Kiln 3 refurb at Vanchem. Be good to get that online asap.

More big hitters entering into the V/VRFB space it seems...

https://amg-nv.com/feed-posts/shell-amg-recycling-b-v-and-the-united-company-for-industry-exchanged-memorandum-of-understanding-with-saudi-aramco-to-evaluate-building-of-recycling-supercenter-in-saudi-arab/

Yang Xiuliang signed it off for Pangang:

https://www.cnfeol.com/fan/n_093257341884.aspx

Yang Xiuliang, is a member of the Standing Committee of the Party Committee (i.e. the Chinese Government) and Deputy General Manager of Pangang Group...

https://www.vanadiumprice.com/ferroalloynet-10th-vanadium-industry-development-forum-keynote-speech/

Can't put my finger on the link now but pretty sure the chap who signed it off is a member of the Chinese Communist Party.

Great to see the Chinese state getting behind VRFB's...

The official published document -

http://www.szse.cn/disclosure/listed/bulletinDetail/index.html?4b8aa87f-804c-4197-ad22-154a0ba6f764

https://www.cnfeol.com/fan/n_095113341892.aspx

An interesting read when translated into English...

Pangang one of China's largest steel producers enters into agreement with Dalian to supply vanadium and assist with the commercialisation of VRFB's..

https://equalocean.com/briefing/20210910230078042

If the Dalian project is only currently running at 200mwh and will soon be 800 mwh (its originally intended capacity) that in itself is potentially another 3,300mtv to put aside for for VRFB market.

Game changing VRFB projects are being deployed:

VRB Energy - 500mwh
Invinity (with Gamesa) c.200mhw
Cellcube - c.200mhw
Schmid/Everflow - Gearing up for 3gwh production capacity
Shanghai Electric - c.400mhw.

That works out at least 10% of the currently world vanadium supply being allocated to VRFB's in 2022/23.

Just ignore what I said i'm talking nonsense its the difference between a ton and a tonne which is where the 907.18 comes from.

Anyway Spangles are wrong Chinese FeV is $41k see https://www.vanadiumprice.com/

It looks like to me that the Chinese figures are reported in Chinese tons (907.18kg) as opposed to a tonne (1,000) which is used for the European figures.

Vanadium prices continue to correct in China after a peak of CNY202,000/kgV ($40.6/kgV) prices have pulled back to around CNY170,000//kgV ($34/kgV).

Not sure that is correct Pb940?

Too many Paper Hands here at the moment is seems #DiamondHandsFTW

That (and i'm not even convinced what you are saying is correct @RealValueOnly) is only because the company is incurring cap ex to expand production capacity.

Sammy58 you're talking like you pulled your pants down for a quick one and instead of getting what you wanted someone else slipped you one...

It makes no difference to me LS I have time on my side if investors on here want to offer me cheap shares this year or next year I am happy to take them.

I'm sure FM's life ambitions as the CEO of BMN far out way the short term view of some investors on here. This is his life's work and (I hope) he will still be around long after some investors have made 10/20/50% returns.

The fundamental difference of course is time. Sadly it would seem some people on here are just running out of it....

Hello Coca-Cola or would you prefer I called you Lemonade?

Ranting on a pointless message board yes that is completely fine but emailing the MD ranting about your paper loss is a different kettle of fish and needs to be called out.

Re: the second part of your reply I don't even know what you're talking about I am a reasonably new investor into BMN and have spent time understanding the opportunity.

Some adults on here nowadays behave like screaming kids when their toys have been thrown out of their prams jeez grow up.

My hard line response is that money talks fella and you are not even a tadpole in a puddle so do us all a favour and do one.