Member Info for Libero

For those who may have left the Telegram group cos of recent drama with one individual, please note that he’s chose to leave the group last night, so hopefully it’ll return back to normal - with good debate and exchange and research :)

Number of members on there has reached 312 now btw. One big team of Bushie investors. With some overlap with the people here inevitably but with plenty of fresh faces too :)

https://twitter.com/ArgusMedia/status/1361677724503461902?s=20

... seems rather harsh.

It's behind a pay well but it is entitled "Bushveld misses 2020 production targets" even though it was super marginal and, had it not been for coronavirus (who saw that coming?), they would've exceeded the upper end of the production target !

https://www.mining-journal.com/profit-amp-loss/news/1404279/bushveld-misses-2020-production-targets

Not very helpful

They randomly dropped the sell price to 17p for a sell worth a massive £510 (I kid you not!)

Not sure what they're playing at but we've all got diamond hands here, right?

I had diamond hands at 8-9p so I certainly do now at this level. Cracking buying opportunity so will be looking to buy more v soon. [This worked for me very well last year!]

Think it's speculative to suggest any large shareholder is selling at this stage but IF it is Duferco I think it's good news because they must be close to running out and, once they'll do, this'll re-rate fast

Superb article!

Love how it talks about both new and traditional sources of Vanadium demand, and says how both are expected to increase significantly.

"Uptick in traditional V demand

Covid-19 vaccine rollouts and macroeconomic improvements are encouraging vanadium producers to look to the medium term, with construction projects in emerging economies catching up to the vanadium-intensity of those in more developed western economies. As demand for rebar in emerging economies — particularly China and India — grows, so too does demand for steel with a higher tensile strength that allows for futuristic steel-intensive skylines like in Pudong, Shanghai.

Construction projects to prevent severe flooding along the Yangtze river are also a driving force for recent doubling-down on growth in China, reflected in recent operational updates by some vanadium producers. South Africa's Bushveld Minerals more than doubled its share of sales to China in 2020, to 21pc from 10pc in 2019 — equating to around 807t of vanadium last year.

SP Angel highlights a push to upgrade buildings and infrastructure in China's richer eastern provinces that is set to coincide with a wave of new construction projects in central and western provinces to modernise living conditions for most Chinese citizens. Co-production of vanadium from magnetite iron ores could also be set to decline as China's higher cost domestic iron ore mining firms compete with lower-priced imported iron units.

Batteries inject upside price risk

While the steel industry still dominates the vanadium demand base, growing attention is being given to the development of vanadium redox flow batteries (VRFB) and analysts caution that their medium-term ferro-vanadium price forecasts might turn out to be conservative if VRFBs take off faster than expected."

Anything under 50 is in oversold territory. We closed at 39 yesterday, and must be even lower than that today. Which suggests we're close to the point on the charts where this will rebound upwards once again.

JTS,

The charting view really depends on whether you slice it from a 4 hourly, daily, or weekly point of view. Plus the RSI is in oversold territory.

And, putting the charts to one side, the fundamentals could not be stronger, they're strengthening by the week with the Vanadium price increases, and the Eskom BESS contract news could land any day now.

So if you're looking to top-up I believe it is risky to wait in the hope of a better price, because you could really end up regretting it.

DYOR of course but that's my 2 cents.

There's a growing consensus that it makes no sense to have fossil fuels burning in the background and that batteries are needed for solar / wind farms to be truly green.

This is happening in the UK now (look at Cleve Hill and the "SuperHubs" which Invinity are making batteries for). However I would say South Africa seem to be ahead of most the world on this point, and seem to view solar/wind farms and batteries as one.

So yes I fully expect these huge green energy projects to be tendered out with large renewable energy batteries to be required alongside them.

From December but still true today.

He expects Vanadium prices to treble and they’re going in the right direction!

He also basically says that, even if you ignore Bushveld Energy and just focus on Bushveld as a Mining company, it’s an absolute no brainer.

https://mobile.twitter.com/MylesMcNulty/status/1338780693795573762

Higher vanadium commodity prices X Higher Production = Higher & Huge Mining Profits

It’s as simple as that.

Mind you, one thing that was talked about in the SONA on Thursday was plans to have 2.6 GW of solar and wind farm projects. All of which will need batteries of course !

https://renewablesnow.com/news/s-africa-to-issue-26-gw-wind-solar-tender-in-coming-weeks-731207/

"South Africa plans to open a tender process to procure up to 2.6 GW of wind and solar power capacity in the next few weeks, with more rounds to follow."

Ahh my mistake, daitom.

There was less said in SONA than we had hoped for but nevertheless the Eskom news is incredibly close by. So, alongside the daily vanadium price rises, which will inevitably boost the share price in due course, you'd have to be mad to sell at this point in time IMHO.

https://www.maritime-executive.com/editorials/revisiting-vanadium-flow-batteries-for-ship-propulsion

"More recently, companies from Germany and the Netherlands have expressed in further developing vanadium flow battery technology for large vehicle propulsion applications. Their interest offers the possibility of an expanded system involving several modes of large transportation vehicles."

...

"Large-scale battery-electric vehicles such as ships, ferry vessels and railway locomotives require competitively-priced battery technology capable of enduring 20,000-repeated deep-cycle discharges of up to 95 percent of storage capacity. Liquid metal battery, flow battery and liquid air storage technology are among the very few potentially mobile electrical energy storage technologies capable of achieving such levels of performance. At the present time, companies developing vanadium redox flow battery (VRFB) technology have a head start over their competitors in terms of offering an energy storage technology capable of providing cost-competitive distance and endurance performance."

- 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

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!
The hints around this have been growing in number in recent weeks. Watch out for Cyril Ramaphosa's SONA tonight @ 9pm!

Target: 100p+

GLA & Trust all your research - Big News is coming

Baffled as to how this is falling but I remain very bullish so am v tempted to top up

Am I missing anything?

Fantastic post, Sanchez. Think that encapsulates the views of the majority of LTHs here.

Couldn't agree more with the final couple of points made. I want everyone here to do very well. Not just those who bought in during Cameron's coalition governemnt! And yes I do believe everyone has a role to play in building sentiment here, because it clearly does matter, especially here whilst such an unusually large % of shares are held by PIs.

"Investors [need to show] some conviction for their investment and helping to build sentiment. Everyone has a part to play in that. It's not about ramping blindly, it's about helping promote the real intent of the company, sharing research and supporting the progress being made to achieve those goals, realising that new investors in the main read forums whilst they research and make decisions based on what they read.

One thing for sure, the company is fortunate to have a base of such committed investors. They need to now deliver the returns that support warrants. It's time to see some of those entering in the last 2-3 years making some money."

Hope everyone is having a good weekend. If you're looking for a bit of reading, I would check out Sir Mick Davis's company's description of Vanadium: https://www.nextsourcematerials.com/vanadium/about-vanadium/

I would also check out this video about Eskom where Sir Mick talks about vanadium battery storage (dated 6 Feb) - watch from 70 to 77minutes. https://youtu.be/k9rnxTUQCX8?t=4194

And if you're looking for further research, I would recommend going through Floyd81's posts, because he's a super sluether who finds all sorts of gems such as the video above.
https://www.lse.co.uk/profiles/floyd81/

And then trust your research. Holding BMN is not for the faint hearted or the impatient. But, whatever way the sp moves in the coming days, you need to keep the faith because we really are on the cusp of the most incredible news

...and one day we'll look back and think how lucky we were to have bought in so early on at such low prices (and that applies to everyone here, regardless of what your average is!)

Best of luck everyone : )

Whoa hang about - you lot will have some major egg on your faces if you're pointing the finger at me here!

The email from Chika said that the company description would be officially updated "once the Q4 operational update has been published" and they would apply for the LSE Green Mark "when 50%+ of the Company's revenue is from Energy Storage Solutions."

The Q4 Update was only last week. So just because we haven't had news in the few days since then does not mean it nothing is happening.

But go on, sell your shares on Monday if you have completely lost patience. You'll regret it but it won't be any skin off my nose

Many people still needs educating re the merits of Vanadiums and why it's better than the alternatives so well done to Largo there, but why aren't Bushie doing publications like that? It's an easy win

since it was on 10th February last year.

Should hopefully help us re-rate to something closer to NAV (which currently stands at 22p/share) or possibly even start to price in some of the stellar growth we can expect.

God forbid !

ZQ33,

Understand where you're coming from. No one likes waiting.

But it's worth remembering the 30 Dec / 25 Jan dates we were all very excited about were set in August prior to the 6 week tender extension and we're still within 6 weeks of those originally proposed dates.

So it's not like anything has slipped in a way, we always knew that there was a chance of this.

If we still haven't heard anything by mid-March then I'd have more sympathy for the frustration but right now I believe it makes perfect sense to be patient. Nothing bad has happened. No deadlines have been missed.

The news is coming, and actually everything is pointing in the right direction : )