- Ridiculously low market valuation at present vs any analysis of Fair Value. Let’s not forget annualised production has already increased almost 40% since the start of the year, and is due to increase so much more over the next year. On this basis alone, ignoring all the exciting non-mining/Green operations, we should be at 35-40p already. [As I went into some detail on yesterday]
- Green Stock as well as an excellent mining stock.
- Investors Chronicle, Financial Times, Myles McNulty, and many others have all tipped BMN in recent weeks.
- Out of hundreds of companies, Stockopedia came up with their Top 20 tips for 2021, and BMN came 3rd (and will do better than the two above it!)
- Vanadium prices have risen massively in recent weeks, and are expected to reach $40-45gV at the bare minimum this year, and BMN's share price always seem to track the commodity price sooner or later (Don't actually think that's fair necessarily but that's what has happened for years, and that's now a very very good thing!)
- Vanadium prices are now rising so fast I believe we will see $45kgV within the next month or two!
For newbies, please read Lionel's Summary here: https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428
Upcoming Newsflow:
- Vametco Phase III expansion project news (using Orion Funding)
- Vanchem Phase I refurbishment news (using Orion Funding)
- Enerox news - MoU with AVL (https://themarketherald.com.au/australian-vanadium-asxavl-up-15-pc-after-deal-with-enerox-2020-09-09/). Which obviously suggests the company is expecting us to be involved with the goliath Eskom BESS contracts.
- Invinity news (because it's very clear they're picking up lots of work and we have the option to supply the vanadium for all these VRFB projects)
- Electrolyte Plant Construction phase start in Q1. This was pencilled in to start on 22 Feb so truly is imminent, and this may get a separate RNS in itself. [For proof: Check the tender docs on the ELIDZ tender website https://www.elidz.co.za/tenders/]
- JSE Listing News and/or Main Market News? See this video interview with the CEO at 33 mins in - https://youtu.be/AX_WdScGDVw
- Possible rebrand - Chika recently said an official company description update would come "once the Q4 Update was released")
- Eskom BESS Tender News - Due in Q1, and could arrive any day now and will cause the share price to rocket!
Target price for end of March: 50p+
End of year target: 100p+
Trust all your research, Keep the Faith, and remember that Big News is coming, and it'll then be like buses!
GLA : )
Ninvestor,
I know that the Eskom News is never going to front page news here in the UK, but it will still be huge news for those interested or invested in the sector of energy storage, and so I honestly believe you’re underestimating the significance it will have.
Having said that, in an ideal world, this would happen:
- Lemur disposal RNS
- Rebrand RNS into “one single entity organisation” (this is a quote from an internal doc shared online)
- Dual list on JSE and move to LSE Main Market
- New Institutional investors buy in, cos there’s no longer any coal, or cos they’re South African focused IIs
- Eskom news RNS
- Electrolyte Plant construction commencement RNS
Meanwhile Vanadium prices reach $45kgV
One can dream : )
BBN, thanks for another great post.
This is precisely what I think too.
" [All the] various VRFB/energy storage angles.... None of that is priced into my very crude comparison. Right now they carry next to zero value but have the ability to act as substantial triggers, by demonstrating BMN is a green tech/transition company."
I believe that the BE/ non-mining side of Bushveld is valued at ZERO.
So I feel if we were not to do well with the Eskom contracts, I'd be disappointed, but I wouldn't expect the share price to fall because there's no expectation priced in, and - based on the mining business alone - this is already incredibly undervalued, and that will not change.
Whereas if we're successful with the Eskom contracts then it would come as a huge surprise to the market and cause us to re-rate immediately.
And I believe that re-rating could then continue if Bushveld is then seen as a Green Technology company as a result of the win.
Hence why I believe we could see share prices beyond our most optimistic dreams if we are successful in winning the Eskom contracts.
It's also why I believe the most significant thing about the Eskom contracts will be proof of concept for the Green side of the BMN. Not necessarily the revenues involved / Bushveld's slice of the pie.
Very exciting times ahead : )
Well said PB, Sanchez, somtam, abbynparit, and Pdub!
Alfa is a huge asset to the Bushveld community.
Alfa and I disagree about the intentions & power of the MMs (I do not think that they want to or can stop us from rising much at all).
But otherwise we're two peas in a pod in our outlook for Vanadium & Bushveld ... except he's the fountain of all knowledge on both subject matters of course, and the ultimate troll destroyer. Whereas I'm merely the cheer leader tried to keep the crowd pumped whilst Bushveld's share price takes their time coming out for the encore to what happened in 2018 (I jest - we're going to reach 100p this year!)
Full credit to him.
And, whilst I'm at it, full credit to BBN, Sanchez, Pdub, Knuttie, Floyd81, LionelGreen, & many more whose contributions I really value. Keep up the great work!
Pdub,
Really hope it goes well for you mate, and yes keep enjoying each day as it comes with your lovely wife.
I honestly believe we are about to go on an incredibly exhilarating ride upwards to All Time Highs. So that'll put many a smile on your face!
All the best,
Dan
Completely agree, Clark.
On the Telegram group, we’ve noticed that internal document shared online last month actually says:
“Following the acquisition of Vametco and Vanchem as well as the establishment of Bushveld Energy and other potential projects ...the need to establish a single entity organisation has become necessary”
“Single entity organisation.”
Watch this space!
Many thanks for sharing that video interview, DBB.
https://youtu.be/AX_WdScGDVw
Whilst it is 7-8 months old now, it's actually one of the most revealing videos I've watched.
28mins - Fortune is asked whether if BMN will delist from AIM, and he smiles and says he cannot answer the question.
29mins - Fortune talks about frustration at the share price and says "you would think if you continue to achieve so much progress and success the share price would see to itself" --- a clear sign as to why the communication from the company is pretty poor. Fortune does seem rather naive in that sense in my opinion.
Fortune also says how much he appreciates us retail investors since he knows that Bushveld would not have achieved everything they have done without our support.
32 mins - Fortune explains the lack of II investment is not due to a lack of appetite. Instead he says it's because all the institutional investors only expect a sweetheart deal and, because he does not believe that's fair on us retail investors, they have never done a fundraise purely for them to come on board. He describes this as a "common theme" and said he will only agree for IIs to come on board "if the pricing makes sense." This would explain why Orion ending up paying about 4p more than the prevailing share price a few months after this interview.
33 mins - FM is asked again about leaving AIM. He again says he cannot answer the question directly but he said that they are looking at options to upgrade to the Main Market and dual listing on the JSE.
35/6mins - FM describes Lemur as a "Non-core asset" and generally shows very little enthusiasm and few words on this topic.
So, long story short, it is clear that:
- BMN will list on the Main Market and / or dual list on the JSE
- Fortune will dispose of Lemur
- Institutional Investors are likely to have to buy shares on the open market like us (like Duferco did), OR pay a premium to the prevailing share price
And, as I said in my last post, it does appear as though Lemur is being disposed of in order for one or more IIs to invest. And, based on the above, it sounds as though they would have to buy in the same way Duferco did, which would suggest that the share price is going to rocket up fast once Lemur is gone based on this alone.
If we're at 30p+ before the Eskom news arrives it will be incredible.
Time for another top up : )
I believe that you're right.
If you look through the RNSs, we used to get RNSs purely about Lemur and nothing else. That stopped a long while ago and instead Lemur would be mentioned in Operational Updates. However, looking back on the Q4 and FY Update that came out this month, Lemur is not even mentioned at all !
All of which suggests that Bushveld have perhaps been preparing to dispose of Lemur. And let's not forget Prince was always only ever worked for and been interested in Lemur. Nothing else really.
If this is the case then I am bloody delighted because I have been saying for years that Lemur should be disposed of. It was bought for a bargain in order to get the money in the bank to tell Darwin to jog on, and nothing else. It's never truly been part of the strategy. It was merely a master stroke by Fortune & the BOD to solve the financial problems by buying Lemur for less money than Lemur had in the bank. That's it.
Also let's not forget that Chika said in an email to me a month ago that there would be a "revised company description" shortly after the Q4 Update. This again may have been a reference to the Lemur / coal assets being disposed of.
Why dispose of Lemur? Perhaps because some Green institutional investors want to invest but have a policy of not investing in coal at all, thus forcing to decide between II investment and Lemur ... and naturally they've gone for the IIs.
So, upon reflection, this is looking like some truly excellent news is on the way : )
- Ridiculously low market valuation at present vs any analysis of Fair Value. Let’s not forget annualised production has already increased almost 40% since the start of the year, and is due to increase so much more over the next year. On this basis alone, ignoring all the exciting non-mining/Green operations, we should be at 35-40p already. [As I went into some detail on yesterday]
- Green Stock as well as an excellent mining stock.
- Investors Chronicle, Financial Times, Myles McNulty, and many others have all tipped BMN in recent weeks.
- Out of hundreds of companies, Stockopedia came up with their Top 20 tips for 2021, and BMN came 3rd (and will do better than the two above it!)
- Vanadium prices have risen massively in recent weeks, and are expected to reach $40-45gV at the bare minimum this year, and BMN's share price always seem to track the commodity price sooner or later (Don't actually think that's fair necessarily but that's what has happened for years, and that's now a very very good thing!)
- Vanadium prices are now rising so fast I believe we will see $45kgV within the next 2-3 months.
For newbies, please read Lionel's Summary here: https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428
Upcoming Newsflow:
- Vametco Phase III expansion project news (using Orion Funding)
- Vanchem Phase I refurbishment news (using Orion Funding)
- Enerox news - MoU with AVL (https://themarketherald.com.au/australian-vanadium-asxavl-up-15-pc-after-deal-with-enerox-2020-09-09/). Which obviously suggests the company is expecting us to be involved with the goliath Eskom BESS contracts.
- Invinity news (because it's very clear they're picking up lots of work and we have the option to supply the vanadium for all these VRFB projects)
- Electrolyte Plant Construction phase start in Q1. This was pencilled in to start on 22 Feb so truly is imminent, and this may get a separate RNS in itself. [For proof: Check the tender docs on the ELIDZ tender website https://www.elidz.co.za/tenders/]
- JSE Listing News?
- Possible rebrand - Chika recently said an official company description update would come "once the Q4 Update was released")
- Eskom BESS Tender News - Due in Q1, and could arrive any day now and will cause the share price to rocket!
Target price for end of March: 50p+
End of year target: 100p+
Trust all your research, Keep the Faith, and remember that Big News is coming, and it'll then be like buses!
GLA : )
gambitxjs, Pdub, 1210, Sanchez, and others,
I completely agree with you all. Too many people here seem desperate to clutch onto anything negative they can get their hands on. They then complain without any sense of irony about sentiment not being what it should for a green vanadium mining company producing tons of vanadium, with solid plans to produce much more, whilst Vanadium commodity prices are soaring, etc.
Yes the company communications are poor. I cannot argue with that. But how often have we had it where nothing appears to be happening, everyone is getting increasingly frustrated, and then something jaw-droppingly amazing happens? That's happened repeatedly with Bushveld.
I remember people saying they've had enough and selling up in Jan-March 2017 where the share price fell from 3.1p to 2.7p ... literally just before it re-rated to 8p. It then stubbornly stayed at that level for 11 months, causing many more people to sell around 8p .... before then re-rating to 28p-48p in the months that followed.
And it feels like the same thing here, there's some crazy people selling sub 20p because they've had enough, when I am convinced we're on the cusp of most incredible re-rate to 50p, 100p, and possibly much higher.
Bushie is not an easy. It never has been to be honest. But, if you can block out the noise, the derampers, the doom & gloom, and if you can accept the communication from the company will probably never be that good, you will make a hell of a lot of money in the next few months and years. It's as simple as that.
And actually we truly are on the cusp of the most transformational news with Eskom, and Vanadium as a commodity is on a major bull run that's only just begun.
So I would encourage everyone not to obsess over the small stuff like Abengoa or whatever other irrelevant or peripheral thing comes next, and instead focus on the bigger picture.
Otherwise you will simply drive yourself mad in the process and may end up making the mistake of getting off the rocket just before it takes off!
DYOR & GLA
sharesaplenty,
Completely disagree with you. Bushveld is very obviously helping the planet become more green. Yes it does own a small coal asset but that doesn't suddenly outweigh all the excellent stuff the company is doing.
[And I actually feel that the view that coal is inherently bad for the environment is overly simplistic and actually incorrect, because sometimes using coal is the greener option when the alternative would waste more energy. Bit controversial I know but if you read about it we're not ready to completely stop using coal and actually that would have inadvertently not being green at all]
St0wski, I was thinking the same thing haha!
Didn't have the funds to take advantage of the bottom of the dip earlier in the month but am keen to buy more before this rockets in the next few weeks! (I'm expecting Eskom news in the next fortnight)
right across the board.
The 360 day view of AsianMetals shows that vanadium prices worldwide are now 5-25% higher than they were a year ago!
And that's only going to continue to rise almost vertically in the coming days and weeks : )
http://www.asianmetal.com/VanadiumPrice/Vanadium.html
- Ridiculously low market valuation at present vs any analysis of Fair Value. Let’s not forget annualised production has already increased almost 40% since the start of the year, and is due to increase so much more over the next year. On this basis alone, ignoring all the exciting non-mining/Green operations, we should be at 35-40p already. [As I went into some detail on yesterday]
- Green Stock as well as an excellent mining stock.
- Investors Chronicle, Financial Times, Myles McNulty, and many others have all tipped BMN in recent weeks.
- Out of hundreds of companies, Stockopedia came up with their Top 20 tips for 2021, and BMN came 3rd (and will do better than the two above it!)
- Vanadium prices have risen massively in recent weeks, and are expected to reach $40-45gV at the bare minimum this year, and BMN's share price always seem to track the commodity price sooner or later (Don't actually think that's fair necessarily but that's what has happened for years, and that's now a very very good thing!)
- Vanadium prices are now rising so fast I believe we will see $45kgV within the next 2-3 months.
For newbies, please read Lionel's Summary here: https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428
Upcoming Newsflow:
- Vametco Phase III expansion project news (using Orion Funding)
- Vanchem Phase I refurbishment news (using Orion Funding)
- Enerox news - MoU with AVL (https://themarketherald.com.au/australian-vanadium-asxavl-up-15-pc-after-deal-with-enerox-2020-09-09/). Which obviously suggests the company is expecting us to be involved with the goliath Eskom BESS contracts.
- Invinity news (because it's very clear they're picking up lots of work and we have the option to supply the vanadium for all these VRFB projects)
- Electrolyte Plant Construction phase start in Q1. This was pencilled in to start on 22 Feb so truly is imminent, and this may get a separate RNS in itself. [For proof: Check the tender docs on the ELIDZ tender website https://www.elidz.co.za/tenders/]
- JSE Listing News?
- Possible rebrand - Chika recently said an official company description update would come "once the Q4 Update was released")
- Eskom BESS Tender News - Due in Q1, and could arrive any day now and will cause the share price to rocket!
Target price for end of March: 50p+
End of year target: 100p+
Trust all your research, Keep the Faith, and remember that Big News is coming, and it'll then be like buses!
GLA : )