"The MC for #BMN is LOWER today than it was when before they owned Enerox, the electrolyte production plant, Vanchem (now 100% owned), and only had 55% of Vametco (now 74%), meaning that #Vanadium production & production potential was no way near as high as it is now!"
https://twitter.com/Vanadium_Libero/status/1539592957501870081?cxt=HHwWgsC8qejo3d0qAAAA
My latest tweet:
https://twitter.com/Vanadium_Libero/status/1540306421459329024?cxt=HHwWgICxhfGhouAqAAAA
Yes well remembered, Graham! I should've added that to my post actually because that obviously heightens the chances of:
(1) Vanadium being used rather than lithium, because S Africa has loads of the former and none of the latter.
(2) BMN's vanadium being used because it is the only big primary producer of vanadium in the country.
Maybe I was wrong to say it was about joining the dots, because this isn't joining dots here, this is plain old common sense.
Strong Buy !
They will be putting this in a RNS soon, which is why it's a good time to buy now before it becomes obvious to everyone.
ESKOM have announced they're using Hyosung and Pinggao to build this first bunch of Mega BESS systems.
They in turn will then be formalising contracts with VRFB OEMs like Invinity and Enerox (Hyosung already has a MOU with Invinity of course).
These VRFB OEMs in turn will need a huge amount of vanadium and electrolyte which logically would come BMN and BMN's locally based Electrolyte Production Plant they're in the midst of constructing.
The fact BMN's official twitter has retweeted Alfacomp's tweet re Bushveld electrolyte being used in these mega BESS projects says it all ! (https://twitter.com/BMNperspective/status/1539869552632336384)
So, for the Contracts between Hyosung / Pinggao and the VRFB OEM ontracts, keep an eye on Invinity (IES) and on BMN and MUST who own Enerox for these.
And then we can expect to see RNS(s) from BMN re the supply of vanadium and electrolyte for these massive BESS projects.
Then, once this happens, and a huge amount of vanadium goes into these huge vanadium BESS projects, there will be a worldwide vanadium supply deficit which will increase the value of vanadium very significantly.
BMN's profits should then increase from the higher vanadium prices. And, by selling locally, their cost of sales will decrease also, which will further heighten the profit margins and the overall profits.
And this is only the beginning of course !
This is what I mean about it all coming together : )
DYOR but I believe it's never been clearer what's going to happen next, and BMN has never been safer bet than it is now.
Their 10th one in roughly 3 weeks ! (During which time we've had 4 RNSs might I add!) -- the comms are improving !
https://twitter.com/BushveldMin_Ltd/status/1540228230015291392?cxt=HHwWgMC4scXa_t8qAAAA
On Wednesday we had a long term expansion roadmap (which will be funded from internal cash flow and externally secured funding later on .. not dilution)
...
We have since had an excellent update on the Mini-Grid, funded mostly by third parties (not BMN), which will be transformational
...
And we have more RNSs to come next week !
So, if you're unsure whether to buy or not, what are you waiting for? For the price to rise first? Don't be silly. We could get RNS on Monday morning 7am that'll leave you wishing you bought in today!
Also, for those who are struggling to join the dots, don't you think it's incredibly revealing that the Official BMN Twitter page retweeted this from Alfacomp !
https://twitter.com/Vanadium_Libero/status/1539924302837022722?cxt=HHwWhIC8udO_9N4qAAAA
It is all coming together nicely ! : )
My latest tweet: https://twitter.com/Vanadium_Libero/status/1539944751054688259?cxt=HHwWhsC8xfLl_d4qAAAA
"2 super positive RNSs in 2 days for @BushveldMin_Ltd and there’s even more & even better to come this week and next!
If you’re lining up the clear dots (Eskom - Hyosung - Invinity / Enerox - #BMN Vanadium & Electrolyte) then what are waiting for ?"
https://mobile.twitter.com/Vanadium_Libero/status/1539643161819189248
I admittedly don't know this for certain but I have reasons to believe we will get a big Bushveld Green Energy- ESKOM-related RNS this week or next week! (as explained in the Bushie Telegram group)
In fact this means a few very positive things:
- Higher Vanadium demand worldwide due to VRFB demand for vanadium suddenly rising significantly, making the supply of vanadium more constrained for the pre-existing more traditional sources of vanadium demand
- Higher Vanadium prices as a result around the world.
- Further evidence of how VRFB technology is superior to their lithium ion peers when it comes to BESS.
- Immeasurably higher Vanadium demand/needs on Bushveld's doorstep in South Africa.
- Much lower costs and therefore higher profits for BMN selling their vanadium locally.
- Even higher profits for BMN selling the vanadium electrolyte they produce locally.
It's hard to find words to describe how incredibly significant this news is for BMN
This is amazing !
Eskom have signed BESS contracts worth roughly £600m with Hyosung and Pinggao...
https://www.engineeringnews.co.za/article/eskom-signs-battery-contracts-worth-a-combined-r11bn-with-pinggao-and-hyosung-2022-06-22
... and Hyosung are a big fan of VRFBs ...
... and have actually signed a MoU with Invinity ...
https://invinity.com/battery-evaluation-concludes-succesfully-partnership-initiated-with-hyosung/
Which means that demand for vanadium within South Africa will absolutely like never before.
If BMN are then selling all / most of their vanadium to those on their doorstep the costs of selling will be much lower which will mean their bottom line is much better !
This is transformative ! : )
Not only are the fundamentals here super strong, the technical indicator RSI is also pointing to a quick reversal, because anything below 30 is very oversold, and the RSI for BMN right now is roughly HALF of that !
Reversal incoming : )
Yes the disconnect is massive. So incredibly so that it's prompted me to tweet something about this very topic an hour ago.
https://twitter.com/Vanadium_Libero/status/1539592957501870081?cxt=HHwWgsC8qejo3d0qAAAA
https://twitter.com/Vanadium_Libero/status/1539557059494027266?cxt=HHwWhICxqaO_zd0qAAAA
@Diamondlover - I never left. I've just been much quieter. But then, on a day like today, when we were dropping in a way that completely defies common sense when vanadium prices are shooting up still and Bushveld's production is going to rise 20% this year and another 20% next year, it was impossible to resist pointing out the painfully obvious -- that we're in no brainer buying territory right now.
The only reason to disagree with this being a no-brainer is if you somehow think Putin is going to suddenly withdraw his troops from Ukraine, sign a peace deal, and apologise in order for sanctions to be lifted, which currently prevents Russia exporting their vanadium. But what are the chances of that? Close to zero !
#Vanadium prices have risen 70-80% YTD and show no signs of slowing down for what we know to be a volatile commodity. I expect it to go much higher...
...meanwhile #BMN, whose production is rising 20% this year, has risen about 25% YTD only!
Huge #BuyingOpportunity!
https://twitter.com/Vanadium_Libero/status/1503368567974248451?cxt=HHwWhoC-yervhN0pAAAA