RE: Quick Recap22 Dec 2020 09:06
Also, for any newbies, I would 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.
Sounds too good to be true for a company with less than a £200m MC? I know, but it's completely true. DYOR : )