Member Info for Libero

Thanks for sharing. Know that isn't directly relevant here, but it's good to see vanadium continuing to be adopted around the world.

Hahaa precisely how I feel Diamondlover.

100p+ remains my long term target, and I believe it's very realistic.

Nice mention there from Yahoo finance.

"Exploding demand for vanadium redox batteries (or VRBs) could drive profits at Bushveld Minerals to the stars too. Growing demand for green energy means that solar panel and wind turbine usage is booming. This means the VRB market will grow at an annualised rate of 43.7% through to 2025 (according to 360 Research Reports). And Bushveld – a major producer of vanadium in South Africa – is in great shape to get seriously rich in the process."

Bushveld will get very rich haha

Hahaa one step at a time.

We will reach new highs, well north of 50p, but 20p is the prize for now!

Delighted to see we finally closed ABOVE the 200 SMA line !!

This bodes incredibly well for a retest of 15p in the next few days.

If we all hold tight, those who fear missing out will push this through that 15p resistance, and then we'll enter new waters above 20p!

Altorque, I saw the comment on linked in saying BMN was all over social media these days, but didn't see the reply from Fortune, and now cannot find it !

Thanks for sharing :)

I skimread this and got very confused before I realised I missed the word "Not" haha

Yes, completely agree, there's literally no sense in selling anything remotely close to this price. I don't even know why we're talking about it sub 20p haha

Yeah think the 200 day SMA is about 13.1-2p now. So it bodes very well if we finish above that today.

Resistance is at 15p. So, as said before, if we break through that, we will suddenly rise up to 20p+. That's the thing to really watch out for in the coming days and weeks.

It depends!

If we break 15p, this should gap up to 20p+ shortly thereafter.

Realistically, unless we go on a bull run I haven't seen coming (it's possible after what we've seen with IES and FAR in recent months), I believe we will reach 25p and Much much higher than that when we receive news regarding the Eskom tenders.

When will that be? It could be any day now because the original tender documents did say news would be announced in December. However, that would've been written prior to the extension of the tender process, so I feel it'll be in January.

Having said that, I would've said the same thing about Bushveld satisfying all the conditions of $65m funding, and that RNS came yesterday!

Long story short, it's near impossible to judge exactly when we'll reach 25p+, but it honestly should be in the next few weeks.

Ahh Lionel, I see where you're getting at, maybe I misinterpreted it. Please don't take my response the wrong way. As I said, I'm a big fan of your contributions to the board, I just didn't want you putting people off making a prediction in the event they get mentioned in your prediction checker list! [Perhaps that's part the reason why short term share price predictions are a rarity on this bb]

All the best,
Libero

Fantastic work, Lionel - thank you!

Oh don't do this Lionel, there's nothing wrong with people being bullish, and I don't think they then deserve to be named and shamed if they've got it wrong (Haven't we all got it wrong here this year?]

Love your posts ordinarily but not a fan of these ones matey haha

I know BMN has a lot of shares, largely by virtue of its sub 2p days, but it's best to avoid consolidation if possible, because they always seem to result in big falls in the share price as a result. And today's one (TSI) is yet another example of that.

https://www.lse.co.uk/SharePrice.asp?shareprice=TSI&share=Two-Shields

You're right, gambit, but I have a feeling it'll be Jan as a result of the bidding process being extended.

Hope I'm wrong of course - I'm already fully loaded up here!

It’s coming.

IES’s sudden rise shows what’s possible. And it often does seem the way that battery manufacturers see a rise before the producers of the metals that go into the batteries. But the latter does then do incredibly well. There just seems to be a lag. That’s what’s happened with lithium from what I can tell. And that’s why so many funds include lithium producers.

So I would see IES’s rise as a sign of things to come here. Especially with our links to them.

Also I find it v encouraging to see the amount of discussion and excitement around vanadium has increased massively this year. Partially thanks to FAR & IES. But mostly thanks to everything that’s happened at a macroeconomic level of course.

Consequently I believe the conditions are ready for a sudden re-rate here for BMN.

We now just need the right catalyst, and that’s literally 1-2 months away with this Eskom BESS contract news.

DYOR but I honestly believe we’re going to multibag soon!

https://seekingalpha.com/article/4391884-vanadium-miners-news-for-month-of-november-2020

"• The case for vanadium storage batteries is picking up speed.

• Flow battery to be paired with solar at South African vanadium mine’s microgrid system. [Obvs reference to BMN}

• How PV-plus-Storage will compete with gas generation in the U.S.

• President-elect Joe Biden is preparing proposals that aim to put the U.S. on a pathway toward a net-zero power system by 2035.

• Increased infrastructure spending in China has resulted in higher steel production, supporting vanadium demand; however European demand is weak and USA demand is constrained [for now].

• United States Department of Commerce (“DOC”) is reviewing a petition by industry participants that requests a 40% tariff on vanadium imports from all sources and the establishment of a stockpiling program.”

Disappointed by the slight drop from 400p+ recently. I did wonder if the 19 Nov director sell had anything to do with it.

However the sale happened on 19 Nov @ £3.90. A week before the increased interim dividend ex-divi date on 26 November, and the same day as those amazing HY results.

Had he not sold, the share price would've risen higher and he would've had a £23k in dividend payments a week later. It certainly was nothing to do with the results being bad, evidently. They were the opposite.

All of which makes me believe that David Fineberg simply needed the money (obvs more than £23k was needed, but he's chosen to hold onto approx 180k shares still of course).

Long story short - This sell looks innocent and should be ignored by the market.

CMCX is growing very fast and is very undervalued.

Some may argue it has benefited massively from volatility and that's true. But we're simply living through much more turbulent times than before, that turbulence in the market is not going anywhere, and CMCX will benefit from it regardless of whether markets are going up or down.

Also, much more significantly, Coronavirus's impact has resulted in LOADS more retail investors than ever before, and they're not going anywhere! Which is brilliant news for CMCX and the entire sector... but no one else has CMC's FCF conversion rate.

We're onto a winner here. DYOR & GLA :)

BBN - sorry for my error earlier. I stand corrected.

Gambit - just googled Terry Perles and wow what a background he has!
https://www.metalbulletin.com/events/details/e001534/north-american-ferroalloys-conference-2018/speaker-details/a0rd000000i4o6xmaf/terry-perles.html

Drifter - love this comment re the lid coming off again!! Does he believe this may happen as soon as 2021?

"I took up Terry's offer and got in touch to discuss V and he offered fantastic insight. This year China is consuming more V than last year and remained a net importer. They are now liquidating the surplus inventory the RoW accumulated in 2018. August imports were around 825mtv. "If this continues the lid will come off again".

Also must say I dislike what Roskill are saying regarding Vanadium commodity prices at present and to be honest I'm confused by it considering what they were saying as recently as 2 years ago! Should we really pay any attention to them here?

Great analysis BBN, as usual, and I appreciate you taking an overly conservative approach! (even if it does sound rather negative)

1) It's clear the the Orion funding is a success in itself, (esp to secure it at such a low point in the cycle at a premium to the share price as well)!
2) I agree it will bring production up to 5,300 mtV in a short amount of time, and fund other areas of the business too, including Enerox.
3) I agree Enerox is clearly involved in the Eskom contract tender, and it won't be long before we know this for certain.

One thing I'm less sure of is whether our stake in Enerox will increase, because surely that's v dependent on Mikhail (who owns 8%) and the other chap who owns the remaining 50%? Are you saying some of the Orion funding would be used to buy a larger slice of the pie?

"BMN cannot withold its final ownership percentage from the market for very long and the reason its being withhold, must be because it isn't yet concluded. So watch this space on that one."