Member Info for Libero

- Tipped by Investors Chronicle in the most recent issue

- Tipped heavily by Myles McNulty, Michael Taylor, BBN, and many others on twitter

- 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!)

- 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 everything else, we should be at 30-40p already.

- Vanadium prices have risen massively in recent weeks, and are expected to reach $40kgV at the bare minimum this year (another 25-40% from here)

- Green Stock as well as an excellent mining stock. We're in the shaded bit of the Venn Diagram between Miners and Green Energy - both of which are in fashion right now.

- Not only are the fundamentals super strong, the charts are too with No resistance until 25p

- We're on the cusp of transformational Eskom BESS tender news in the next few weeks! (It could even be today)

- We’re also due a RNS updating us about the Electrolyte Production Factory any day now.

- The market is finally starting to cotton on, but there’s so much more to go from here.

For newbies, please read Lionel's Summary posts on 1 January
https://www.lse.co.uk/profiles/lionelgreen/

Short term target price: 50p+ (should be in Q1 given the huge news above)

Longer term target price: 100p-200p

GLA & DYOR

OK I've written to Stockopedia via their website with the below message. Please may others use this to message them also? Cheers, Lib : )

"Hi there,

I've read the Top 20 Stocks for 2021 Report (as chosen by subscribers) and, whilst I'm delighted to see BMN rated included in there, I am very disappointed by the write up, so am writing to see if this could be edited before it is published?

The bits I particularly think are unfair, to the point where it could be seen as necessitating some sort of legal action, are the following:

- "Increasing shares in issue" - This is technically true, however the dilution has been incredibly minor in the past year or so (just 3% in 2020), and so please may this either be deleted or tweaked to show how minor it is? Otherwise it may well unnecessarily alarm (potential) investors.
Also, further to the point above, unless you count the Orion deal CLN, there will be no further dilution this year. The Orion deal means that Bushveld has all the money it needs for its various plans.

- "Plant shutdowns and operational risk"
This again is a very unfair bear point. Other than the recent weather-related incident (which was incredibly minor), the only other time Bushveld has had to pause production in the past few years was covid-related earlier this year. In fact, even if you take both of these exceptional events together, Bushveld has still successfully increased its production. The Q3 results show the annualised production levels have increased 37% YOY, and this will only accelerate in 2021. On this basis, please may you kindly delete this point?

- "Dependence on vanadium price"
This shows that the author has failed to grasp the fact Bushveld is a vertically integrated vanadium play (in a similar way Ganfeng is for lithium) which means that it is no longer as dependent on vanadium commodity prices as it was in the past. This will be clearly demonstrated imminently when Bushveld are involved in the winning bids to build huge energy storage batteries across South Africa for Eskom (Africa's largest utility company). These contracts are worth a fortune, and it's all funded by the World Bank.

Additionally it's worth noting that they are on the cusp of building an electrolyte production factory (the actual construction begins next month). Electrolyte has a value all of its own. And, now that Bushveld have set up an electrolyte rental company in recent months, which already has a contract with Pivot Power (part of EDF Renewables), they will be able to rent out this electrolyte for multi-year periods with a reliable stream of revenues/profits flowing through each year.
Therefore, please may you amend this bear point to say "Historical dependence on vanadium price"? (i.e. can you add the word "Historical"?

Hope that you understand where I'm coming from, and can kindly edit this appropriately prior to publication tomorrow.

Look forward to hearing from you urgently.

Completely agree Faramog !

I’m half tempted to message them now before it’s published!

Great to hear from you, and glad you like what I write (not everyone does haha!), and well done for buying in a few months back.

However I can’t advise you on what to do. All I can tell you Is that I strongly believe BMN with multibag this year and reach 50p / 150% at the bare minimum; and will eventually reach 100p+. Especially if it starts being seen as the Green stock it truly is.

So, unless you feel EUA etc will do better in that time frame, I’d load up here only / focus your attention here.

As I said, I have been loading up here for a while, and will continue to do so (my last top up was above 20p last week). So I’m only saying what I‘m actually doing haha.

Completely up to you though of course. It’s your money!

* best (Not bear!)

Bloody autocorrect

Stockopedia ask their subscribers to pick 5 shares they believe will do bear over 2021 and then publish the results, which officially come out tomorrow, but I’ve managed to get hold of a copy here:

https://s3.amazonaws.com/assets.stockopedia.co.uk/topstocks2021.pdf

As you’ll see the top 3 picks are all commodity plays, confirming that miners are finally back in fashion!

And I’m delighted to say #3 is Bushveld !! (It has never made the top 20 list previously!)

The write up is unfairly mixed in my opinion but it does still say:

- We’re one of the only primary vanadium producers
- BMN gives you exposure to the fast growing energy storage market
- Forward P/E ratio of 5.8
- High margins and Returns on Capital

All of which should convince thousands of potential new investors to consider buying Bushveld (perhaps for the 1st time). So I believe we can expect some buying early next week to help push us to 25p. And we can expect a lot of new investors asking questions whilst they try to research the full scale of the opportunity here so let’s be v nice to them, and have links at the ready!

All the best,
Libero

https://www.reddit.com/r/UKInvesting/comments/koew0t/investment_case_ramsdens_holdings/

Setcentic, this a fantastic idea - thanks for setting this up!

I like ...

"Bushveld Vanadium Energy Solutions (BVES)" ... although perhaps that's a bit long

"Greenveld Energy Solutions (GES)" ... although maybe that will make us more under the radar cos people have heard of Bushveld now but now Greenveld !

... so I'd probably go for:

"Bushveld Green Energy " (BGE)

Ideally we would also obtain the LSE Green Economy Mark, which "recognises listed companies and funds which derive 50% or more of their revenues from environmental solutions."
https://www.londonstockexchange.com/raise-finance/equity/green-economy-mark?lang=en

OK I've now sent the email

Feel free to copy & paste it as well, because this appear to have worked last time around

Email address : Chika.edeh@bushveldminerals.com

Happy New Year guys

Please may someone advise me when we'll know when this takeover attempt has failed?

I know one could feel the market already knows that when we're trading 20p higher than the takeover price but I'm not convinced because we're so far off where we'd expect to be (800p+)

DBush, ok can you join the Bushie group (almost 250 strong) on the Telegram app and share it on there?
https://t.me/bushveldminerals

Hi RichKen,

Hope you’re keeping well?

Some people thought I was you earlier in the year for saying we’d reach 20p by Christmas hahaha

Completely agree - LionelGreen has put in a sterling effort with his summary once again. Really feel this needs its own website for us to link people to!

And yes 2021 is going to be incredible. Like 2018 but even better as we reach new highs of 50p+ and stay there!

Best wishes,

Libero

Hahaa, HaleSpur, I actually wouldn’t like them to announce the JSE listing, the Eskom news, and the Electrolyte Production Plant news all at once. Cos I feel it‘d be more effective if it’s announced with gaps in between I reckon.

But wow if that all came at once we’d re-rate to 100p+ almost instantly lol

CHoS,

Haha thank you, I v almost got it right with my prediction!

Re the email: Chika did actually pass my October email to board level, and then wrote a very comprehensive response, covering all points (incl some extras I didn’t include yesterday). So I have every confidence that she’ll do the same here. And actually I do believe the email was somewhat effectively - the RNSs have improved in style since then.

Whether it convinced them to release more RNSs than they believe is necessary is another matter. Despite my v polite email in Oct, the BOD still don’t seem to have grasped that RNS are not merely a tick box but actually strategically useful on AIM in improving sentiment and share price. That’s why I felt this email needs to be sharper in tone to try really grab their attention.

Obviously sentiment is sky high at the moment (too damn right!) but I do believe we are still incredibly undervalued, so I really hope they take the advice on board and release a well-written RNS without delay.

The exciting thing about the electrolyte production plant and rental company is that it means we could produce electrolyte and then rent it out for 10year+ periods and have a reliably steady stream of revenues & profits flowing through each year from the rental payments. Combines with the fact that it will be a huge help in making the world a much greener place, it’s clear to me that the market should fall in love with it.

...if they get it! And this is also why a stand-alone RNS on this is so important. Cos they need to explain how incredible this is.

If they get this right, we’ll start being seen as the Green stock we are, and then the valuation could suddenly jump to a multiple of where it is now.

I mean just look at Ganfeng - that started off as a lithium miner and has become vertically integrated in a similar way Bushveld is, and it now has a P/E ratio of about 375.

This is what I mean about this alone having the potential for us to re-rate to 50p-100p if they get this right. This is also why I’m so ****ed off I’ve got to write an email to tell them and they don’t just do this anyway haha!

For the avoidance of doubt, I love Bushveld, Fortune & the BoD, but - as said before - they’re not perfect, and communication (not execution) is what they need to improve on.

Anyway I’ve gone off on a rant there haha

Hope you enjoy the New Yesr too, ChoS : )

Thanks for the responses - there appears to be sufficient support for me to send the email and say this isn’t merely my thoughts but the views of many long term holders. Will send it off later today.

Bassguy - I’m convinced that BE has made much more progress on various fronts than we realise but it remains under the surface for confidentiality reasons. This would obviously apply to the Eskom tenders, and I feel many other things are being worked on behind the scenes. Unfortunately that’s the nature of BE’s type of work - where nothing concrete can be said until it’s a done deal. So that isn’t a concern for me. Once we win the Eskom tender everyone will see why Fortune & the wider vanadium community hold Mikhail in such high regard.

Vauch - Good point, and that’s why there will be a guard house at the electrolyte plant.

DBush - Thanks for your message & emailing Chika previously. In this instance I wouldn’t be surprised if progress has been made and they’ve merely not RNS’d anything because look what I just found!

Bmnfan - I’d love to copy in Fortune but I don’t have his email address. Please may anyone assist?

"How to achieve this? I would suggest splitting up the RNS updates between Bushveld Minerals (incl Bushveld Vanadium), Bushveld Energy (which may even include the updates from Invinity and Enerox), and possibly a separate one for Bushveld Belco. This could still be followed up by the ‘mega RNSs’ summarising this altogether at quarterly intervals if required. But I feel splitting out the different component parts of Bushveld will help the market realise the current BMN valuation is far too low.”

Having seen what’s on the ELIDZ tender website (https://www.elidz.co.za/tenders/), it is evident that huge progress has been made with the electrolyte production plant.

Previous RNSs have only announced the following:
- The S African Department of Trade Industry & Competition (DTIC) approved the project in Q2 2020.
- 'AR Process Projects' (ARPP) were selected as the Engineering Procurement & Construction (EPC) company. [Worth noting that they are a South African company. Why is this significant? because it will help us win the Eskom tenders.]
- ARPP then commenced with the engineering phase of the EPC contract.

... and that's it !

Since then:

1) The Engineering part of the EPC process has evidently been completed in Q3/4 2020.
2) The Procurement part of the EPC process is on the cusp of being completed in Q1 2021. (seeing as the tender for the Building Contractors closed on 7 December 2020)
3) The Construction part of the EPC process starts next month. (seeing as Construction is due to commence on 23rd February 2021)

2 if not all 3 of the above points could and should be RNS’d immediately. There is no good reason to not do this, and I actually believe it would be doing against your and shareholders’ best interests to do nothing and not release a RNS for progress you can legitimately RNS here and now.

I know that in the past some major news has been released in RNS and the market has shrugged it off. However it’s evident that Green Stocks have never been more popular than they are now. So if you were to RNS this huge progress, and write it in a way that new investors can easily understand, and in a way that illustrates the green credentials of this project, then I believe the market will respond very very favourably to it. i.e. this RNS has the potential to help close the wide gap between the true inherent valuation and the current share price valuation.

Conversely if you do not RNS this progress and save it for the big Quarterly Update, where it will be buried in amongst other information, it will not have the same effect.

Hope that this email is read with the best of intentions in which it has been written.

Look forward to hearing from you urgently.

Best wishes,
XXX"

Thoughts anyone ??

Hi Chika,

Whilst I am a huge fan of the company and everything you’re doing, I’m unfortunately having to write this email to express my frustration that you (as in Bushveld Minerals) have failed to disclose to the market in a RNS what huge progress has been made regarding the Bushveld Energy Electrolyte Production Plant.

As per my October email below (restated below for ease): By sitting on information that should be disclosed in RNS in bite-sized chunks of positivity that are written for prospective new investors to easily digest, you are allowing there to be a large gap between the inherent value of BMN and its stock market valuation at present. In turn, I believe this is failing your loyal shareholder base, and really must be avoided.

“The main reason for the extent of this gap between the inherent and stock market valuations is due to the fact that the RNSs are (1) typically written in such a way that is hard for prospective new investors to easily understand; (2) they often include too much information per RNS; and (3) they are too infrequent.

Re point (1): I believe the reason why the RNSs sometimes only make sense to those who are already invested and also very familiar with the company is because they are viewed in a very literal way as being what needs to announced to the market for regulatory reasons. This is a very narrow-minded view that is doing the share price no favours. Whereas the companies that do well on AIM view RNSs as opportunities to promote the share to market participants who may not know anything about the company, and to convince them to research further and eventually invest. These companies also use RNSs to give bite-sized messages of positivity to keep investors updated and happy to continue staying invested despite everything else they may see going on in the market. It’s important that Bushveld adopt this change of mindset to future RNSs for stock market success. It should not take a forum of longterm investors deciphering the best bits of the RNS between themselves, because those sorts of places are already an echo chamber, where few potential new investors frequent.

Points (2) and (3) link in with the above and with each other. When RNSs include too much information, the best messages can drown in the thousands of words that are published at the same time, minimising the impact they would have had otherwise on the share price. To avoid this, there should be more frequent RNSs, with bite-sized chunks of positive info and progress, released at intervals across a period of time, rather than keeping quiet for weeks if not months on end, before a ‘mega RNS’ is suddenly dropped.

How to achieve this? ...."

Looking through the RNSs, it's clear that another one is due for the Electrolyte Production Plant.

Previous RNSs have announced the following:

- The S African Department of Trade Industry & Competition (DTIC) approved the project in Q2 2020.

- 'AR Process Projects' (ARPP) were selected as the Engineering Procurement & Construction (EPC) company. [Worth noting that they are a South African company. Why is this significant? because it will help us win the Eskom tenders.]

- ARPP then commenced with the engineering phase of the EPC contract.

... and that's it !

Since then:
- The Engineering part of the EPC process has evidently been completed in Q3/4 2020.
- The Procurement part of the EPC process is on the cusp of being completed in Q1 2021.
- The Construction part of the EPC process starts next month (also Q1 2021).

None of that has been RNS'd yet.

And to be honest it ****es me off a bit because I wrote a long email around why they should release news little and often in a way that prospective new investors can understand, not save it and bunch it up into mammoth Quarterly Operational Updates where the best bits can get lost in the heap of information.

I therefore intend to email Chika once again to explain that a RNS is due for the Electrolyte Production Plant ASAP, and it must be written in a way so that new investors can understand how exciting this is.

Will update the bb once drafted and sent, and will let you know when I get a reply. (like in October)

Thanks Alfa.

HNY Mogwhy :) Ahh apologies for missing your superb sleuthing a month ago - you did a cracking job!

OK I can see that the electrolyte plant construction will start a fortnight later than you have on your timelines, presumably having a knock-on effect further down the line, but it's a small discrepancy really. It'll still commence next month, which is excellent news.

However I do wish the timeline was not so drawn out. I thought the construction would be faster, and do they really need commission the plant for 4.5 months etc? Bit annoying but progress is progress.

And yes I reckon that you're right about the "extension to an existing factory" may be an error, because I could only see that on 1 document and not the others, so ignore my last comment - it sounds like it'll be a brand-spanking new factory producing electrolyte : )

Not like my spelling !

* Smashing