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I think many people are majorly underestimating how rapidly and how significantly we will move on the Eskom BESS contract news.

People need to realise this is going to be transformational. Both in terms of the income we will earn from it, and what it will lead to once the market realise how far Bushveld has progressed over the past few years.

"...All of which clearly demonstrates, that BMN and the IDC, didn't go to all this trouble. Conduct all this planning and influencing and lever pulling, to then simply stand back and watch a lithium ion battery take all of the prize. To allow another lesser prepared VRFB company, walk in and steal their thunder.

Can I prove it? Not 100% But then my 2015 Vametco theory was never 100% provable. Still came to pass."

"No battery company out there, however big or influential, can ever be as prepared for the BESS Project, as BMN.

Success in that project, catapults BMN and their partners,. into a whole new VRFB world, on so many levels.

However much they play it down, they know its true.

So its a very big deal.

Is it the be all and end all? No not at all because in the last 2 years, so much has changed for energy storage and VRFBs.

But is it a really nice to have? Yes 100%.

BMN's all about energy storage for Africa.

Eskom is the biggest utility in Africa, sitting right in BMN's back yard. There is no greater utility scale opportunity, that BMN could possible wish for and they made it happen.

So its coming, in some shape or form, its coming, of that I am sure and when it does, it likely triggers a whole new stage in the development of this company, running side by side, wit the other incredibly exciting opportunity, on the mini grid side. Not to be understated or forgotten.

Between all of that, the fully integrated strategy completes itself, well ahead of the chasing pack."

No the bottoms have been risen consistently over the past 8 weeks or so. Consequently, if we were to fall from here, we would bounce off 13p. We won't see lower than that.

Wow that's insane because that's more than 54 GWs more than it has now.

Considering how California can be incredibly dry and hot, and is therefore prone to deadly wildfires, lithium would be an awful choice.

Therefore close to 100% of that energy storage would need to be vanadium-based energy storage.

Which will HUGELY increase global vanadium demand, and therefore push up vanadium prices massively!

Bump of this thread for any prospective investors looking to research BMN more.

Click on LionelGreen's profile and read his 1 December posts for ease.

With rising bottoms suggesting the downside potential here is about 5% (13p), whereas the upside potential is about 50% in the short term, and longer term this is going to multibag many times over!

DYOR and Lionel's posts are a great place to start : )

Yeah I reckon we'll break 14p today.

Also I find the increasing lows (most recent one of 12.88p) very encouraging, because it means next to no downside at this level.

Thanks for sharing Sloppy.

" The company has a photovoltaic system that generates around 60 MWh annually. With the aim of storing the excess energy and reducing the purchase of external electricity, the company relies on a carefully developed vanadium redox flow battery storage system . This is a model that could also be of interest to other medium-sized companies."

"Safe manufacturing process
With redox flow technology, two liquid, non-flammable electrolytes are stored as energy sources in separate tanks. A pump transports them through an electrochemical converter for charging or discharging. This consists of many cells with the same structure. The stacks created in the "VanRedFlow" project consist of plastic frames, inlaid graphite fleeces, membranes and bipolar plates made of graphite-plastic compounds developed by the institute. They allow the cell stacks to be built up without the seals that would otherwise be required. Because lasers could weld the bipolar plates to the cell frame. This safe manufacturing process also offers further advantages. Because the liquid electrolytes pumped through the stacks neither mixed inside nor could they get into the environment.

The project partner TechnoboxX took on the structural preparation of the installation site in particular. In addition, the infrastructure expansion of the system container, the examination of the official requirements, the design and manufacture of a new clamping device for the expansion of the laser welding system at Fraunhofer Umsicht. In addition, TechnoboxX accompanied the commissioning of the battery system, monitored and maintained the system and supported the operational monitoring.

The research project in question is called »Vanadium Redox Flow Battery Storage System (RFBS) to increase the use of renewable electricity for industrial applications«. Innovation City Ruhr GmbH also took part as an associated partner. It focuses on the climate-friendly development of urban districts. The project was also funded by the state of North Rhine-Westphalia with funds from the European Regional Development Fund (ERDF) 2014-2020 »Investments in growth and employment«."

Pondering,

I agree that it’s in the MMs interest to ensure that a share doesn’t stay in too tight a range continuously because it reduces volumes overall, so it’s entirely possible that they’re happy to let this re-rate.

Especially when AIM is having far more companies delist than join the index!

So, if I’ve understood correctly, you reckon it’s MMs buying up the shares?

And if MMs are buying up our shares it suggests they know something very exciting is on its way, right?

Do they do that? Haha (excuse my ignorance)

One is a 500,000 buy @ 14p.

But the others totalling about 4.9m appear to be sells to me

11.8M in Volume today - superb !!

~9M Volume now

So now this is the highest volume we've had since the 19-22 Oct period.

And I believe it'll only increase tomorrow!

No worries. When we're breaking out like I'm in a very good mood : )

14.25p paid now

Ah shoot, so it was haha

Well at 8.1M now we should beat that!

7.8M now in the first 5.5 hours of trading

Officially the highest volume since 19-22 Oct

Volume now 7.3M

Looks like we're heading for the best volume we've had since 19-22 October when the share price went up from 10.6p to 15.7p in just a few trading sessions.

Volume now 6.6M ...

It's clear Shroders have increased their stake as well. Now owning 20.6% of the company.

Hargreave Hale now own 4.338% of the company.

M&G have also have 1.15% of the company.

In total that's 26% with Instituional Investors who seem to be increasing their stakes here.

Wonder what they know what we don't ...

Happy days. That explains some of the £1,500,000+ of buying in large quantities we saw yesterday!

coffeecups,

Thanks for your message. Completely agree that Largo's rise, along with what we've seen for FAR and IES recently, certainly suggests it'll soon by our turn.

And, whilst an imminent breakout is a view shared by many, it clearly is not shared universally when I'm being accused of ramping simply for making bullish short-term share price predictions which are hardly outlandish!

(Is no one allowed to make any short term price predictions here, only predictions on where we'll be in the long term??)