Quick Recap23 Dec 2020 13:01
- Ridiculously low market valuation at present vs any analysis of Fair Value.
- Vanadium prices have risen each day in recent weeks, and there appears to be a snowball effect taking place already, and so Vanadium looks likely to join the many metals going on a bull run! (and we all remember what happened to sp last time this occurred!)
- We're in the shaded bit of the Venn Diagram between Miners and Green Energy - both of which are in vogue right now.
- Not only are the fundamentals super strong, the charts are too:
- There has been a GOLDEN CROSS this week !!
- We're above 200 day SMA still of course
- Very clear trend of daily rises in both the share price and the vanadium commodity price.
- The Vanadium commodity price rises are increases day-by-day suggesting a SNOWBALL EFFECT is taking place once again (like in 2018)
- We're on the cusp of transformational news in the next few WEEKS! If we're already at 20p by the time this lands, we can expect brand new all time highs of 50p+
For newbies, please read Lionel's Summary posts on 1 December
https://www.lse.co.uk/profiles/lionelgreen/
Also I’d like to highlight that we were at 20-24p just before covid hit. We then crashed well beneath that level unjustifiably when actually, except for a month long pause in production due to a national lockdown, BMN has been completely unaffected.
- Since then we know production will still rise this year, and was an impressive 37% up in last quarter year on year.
- Financing has been secured to increase production another 100%
- Vanadium prices have risen.
- We've completed transactions to own part of VRFB manufacturers Enerox and Invinity (IES)
- Work on the Electrolyte Plant has begun after getting approval earlier in the year
- We set up an Electrolyte Rental Company which already has a deal with Pivot Power (part of EDF)
- The Eskom BESS Contract Tender process materialised and this is a complete gamechanger.
Eskom is Africa's largest utility company, and - with funding from the World Bank - they are going to build multiple massive Battery Energy Storage Systems through private contractors, and we know Bushveld is involved in the bids for these individual contracts, and incredibly likely to win at least one of them.
So you are currently able to invest and buy into all at that progress for ZERO at this point in time @ 20p.
Long term target price = 100p+
We will not get there in the next few weeks of course, but we will get there before you know it.
GLA & DYOR