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... a sea of red right across the market.

So whilst it is disappointing to fall 3-4% when Vanadium prices rises overnight accelerated to 3% in 24 hours, it truly is encouraging to see it was only a miniscule fall compared to many of the others you can see across the market (both here and worldwide)

https://twitter.com/setcentric3/status/1364077781492113411?s=21

We will reach $40kgV in a fortnight at this rate!

Bobby, that's entirely plausible and will be until Monday next week. But if it happens it does not change the incredibly fundamentals and prospects here, so let's ensure that we all keep a clear head and keep our hands as strong as diamonds.

Mark,

I disagree with you on both comments made.

1) You can get mini tree shakes of almost any % to try trigger some sells, it does not need to be 30%. It can be >5% below a price level that may be significant. e.g. a drop from 101p to 98p would probably be effective at triggering sells even though it's a tiny %.

2) I don't believe the market has priced anything in for the Eskom contracts, and I actually believe Bushveld Energy as a whole must be valued at zero (or close to) at this point in time. I feel the market has broadly seen all the non-mining activities as a negative so far - like a vanity project that's diverted time, effort and money from the mining side of the business with little to show for it at this moment in time. That's of course very very harsh but that's how I feel the market view BE. And Eskom BESS contract success* is the most immediate key for the market to suddenly realise the exciting significance of Bushveld Energy. i.e. there's no downside, only massive transformative upside to the Eskom news.

Looks like the MMs need some shares.

Not saying that's a bad thing, just feels like a fishing trip the way it's gone down suddenly from 19.5p to sub 19p.

Take advantage if you can

Which drop? The one in March 2020 below 20p was absolutely absurd, and yes the one more recently from 20p to 16.3p was plain daft as well. We should have never have dropped below 20p because that is already a crazy bargain.

Sanity has not been restored yet but we're getting there. The re-rate seems to be back on after a somewhat extended retrace. Reckon we'll see 25-30p very soon.

If we're 20-30p by the time the Eskom news lands, we should reach 50p+ quickly thereafter. Maybe a multiple of that if we're suddenly seen as the Green stock we truly are!

All very exciting. Load up whilst you can : )

Asianmetals has finally updated its website and everything is up, and I'm very confident we will see a sharp rise as the week goes on there, as life returns to normal after Chinese New Year.

As BBN said, they're now playing catch-up to Europe etc which has already reached $34/kgV. So, if China want to import in the same manner they did late last year, they will be having to pay $40kgV. All of which shows how quickly we will achieve the $45/kgV prices we expected at the minimum this year.

And the Bushveld shareprice has still fallen since the recent vanadium price bull run. So, by my calculations, we should be reaching at the top end of the 35-40p range I gave the other week by now. So yeah I believe whatever we buy now will double in price very v fast. [And this is ignoring non-mining news incl Eskom contracts]

https://www.londonstockexchange.com/stock/BMN/bushveld-minerals-limited/company-page?lang=en

GLA : )

Excellent commentary from BBN once again. I completely agree with him, and I love the note he's ended on there. I believe the perfect storm is brewing for Vanadium prices worldwide.

Extract below:

"... what that could well mean, is that Chinese prices are going to at the very least, track Europe/US.

Traditionally, ex China requires 8,000-10,000 mtV per annum, to maintain its balance.

If Chinese prices are tracking the very markets that need Chinese vanadium the most, to stay in equilibrium, it highly likely means that they need more of the very material, they are shipping to those markets.

If that's the case, then a perfect storm could be brewing, because in a sharply recovering market climate, Europe/US prices, starved of the material they need, should continue their surge, which means China, without more production coming on back on line, is going to have to run with it, which could well mean things getting out of hand once more, at least until supply can react.

My view only and could well be wrong but I cannot see how prices don't continue up from here because the Chinese market, for me, has shown its cards already.

As i said in my previous notes, the 2018 price surge was based on the idea that supply would be a problem due to new China rebar regs, without the proof that it truly was.

2021 could well be the year that said regs really do leave their mark."

- 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!)

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 : )

Interesting discussion. There's no denying the BOD have missed deadlines they've set themselves in the past. However I do think that's because they've been a bit too optimistic about various things in the past, and it's not necessarily a reflection on their performance. e.g. it's probably they did not realise how long it would take to build an electrolyte plant properly and to be honest neither did I until I saw what shown on the ELIDZ website about it (https://www.elidz.co.za/tenders/)* and no doubt coronavirus was part of the reason for the delay, and who could predict that?

However I feel their latest production guidance demonstrates they've learned from past experience, because they've literally given the worst case scenario there, so we'll have less examples of that sort of thing in future.

Also, regarding some of our past financial backers, I have to agree that many of them have not been good, especially the more historic ones (Darwin back in 2014 was by far the worst!), but again I feel the company has turned a corner on the front as well when you look at how Orion are now financially backing Bushveld, and they truly are top quality!

So, in conclusion, whilst I have sympathy with the points raised, I genuinely believe they are historic and have no real relevance on where we are now. And actually the progress the company has successfully achieved on a whole variety of fronts is incredibly impressive - as many people have pointed out comparing where we are now with 1, 2, and 5 years ago!

It has been a long bumpy road to where we are now, and there's still progress to be made (Bushveld is still in what I call "growth mode"), but it's very clear that BMN is in the best position its ever been in, and the prospects for the company and vanadium as a commodity have never been brighter!

So let's remain positive and lets help the many people who will be looking here over the weekend after the sudden reversal in the charts on Friday.

Good luck all : )

*which reminds me the construction date is meant to start on 22 Feb.

Director sell for tax liability reasons linked to shares awarded in 2018, almost certainly done out of sheer necessity.

And he has kept the vast majority of his holding.

The exact same as Ian Watson yesterday basically.

And, same as with Ian Watson's sale, it does not change the investment case here one iota.

Once we have news of even more Vanadium price rises over the weekend, the market on Monday won't care for this, we'll just carry on re-rating.

Have a good weekend everyone : )

Some people got very doom & gloom on the board last night, and here we are now 2p / 12% higher just 24 hours later!

And we haven't seen anything yet.

Vanadium price rises are beginning to snowball but we haven't even seen AsianMetals update. If that shows the 10%+ increase in V prices I expect, then we can expect the share price to rise much more than 2p in a day!

And, needless to say, if the Eskom BESS contract news lands in the next fortnight or so like I expect, we're going to ****ing rocket up to the moon!

WOW that's crazy exciting !!

- 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!)

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/)

- 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 (should be later this month). This probably will be 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 - Due in Q1 !

- Eskom BESS Tender News - Due in Q1, and could arrive any day now and will cause the share price to rocket!

Target: 100p+

Trust all your research, Keep the Faith, and remember that Big News is coming, and it'll then be like buses!

GLA : )

Great commentary from BBN, as usual !

My fav way to check vanadium price movements is the asianmetal website, which is incredibly green (positive) across all metrics, with all types of Vanadium prices worldwide being higher than they were a year prior.
http://www.asianmetal.com/VanadiumPrice/Vanadium.html

However it is now out of date.

You'll also notice that it's last been updated on 5th Feb. Chinese New Year lasts until 26th Feb. So I reckon it will be next Friday or, failing that, Monday 1 March when it updates.

During which time European prices will have risen significantly - there was a 4.9% increase in the European V price in just one day to their highest point in 2 years! As per this article below from the metal bulletin:

https://www.metalbulletin.com/Article/3975672/Search-results/Ferro-vanadium-climbs-to-near-2-year-high-V2O5-nears-1-year-high-on-tight-supply-good-demand.html

"Ferro-vanadium climbs to near 2-year high; V2O5 nears 1-year high on tight supply, good demand
European vanadium prices continued to climb in February amid tightening prompt inventories and better-than-expected end-user demand, market sources told Fastmarkets.

Fastmarkets’ price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe rose by 4.9% to $33.70-34.70 per kg on Wednesday February 17 from $30.70-34.50 per kg on February 12. The market is at its highest since June 2019, when prices stood at $34.45-36.00 per kg."

Blue open on the LSE website by the way - showing 16.75p. A crazy low price.

As I said last night, if I had the funds I would be topping right now, and feel I will regret not doing so! (Why couldn't this come after pay day?)

https://www.londonstockexchange.com/stock/BMN/bushveld-minerals-limited/company-page?lang=en

Vanadium price rises beginning to snowball in Europe. Now close to $35kgV (and BMN produce vanadium at roughly $18kgV!)

Believe China’s prices will jump 10%+ once it updates after the Chinese NY.

And yes the wait for news flow has been frustrating but it’ll be like buses when it starts.

Feeling very positive : )

andecc,

Completely understand where you're coming from. If it makes you feel any better, having topped up recently (at 20-21p and yesterday), I don't have much funds to do the same again until pay day.

However that's not to say that it's a great time to top-up when you would be buying in

1) Immediately after a large sell that pushed the price down

2) When Vanadium prices are rising and in fact there seems to be a snowball effect taking place
https://www.argusmedia.com/news/2187258-upward-momentum-builds-in-vanadium-market

3) We're on the cusp of huge news re Eskom which could send a rocket up the share price and suddenly make the market realise what a green stock we are (and Chika has confirmed the company would apply for the LSE Green Mark once there's clear revenues from Energy Storage Batteries)

So yeah I wish I could top up tomorrow but, either way, this will come good for us all.

Keep the faith : )

Knuttie - I agree !

Splatted - why not join the Telegram group?