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Agreed. But please note that you've mixed your currencies there.

$241m Net Assets = £180m. About £40m above our current market cap!

Also from the volume traded figures shown, it doesn't appear as though that massive after hours buy has been taken into account. Otherwise you'd be looking at 5m shares bought vs 1.6m shares sold. Is that normal for after-hours trade not to count towards this?

Vol. Sold 1,616,203
Sold Value £200.41k
Vol. Bought 2,396,314
Bought Value £297.14k

Wow! Makes you wonder how we ended up falling under that buy price ...

24-Nov-20 08:19:51 12.75 2,636,035 Buy* 12.00 12.50 336.09k

Also feel free to suggest links I should include, and suggest improvements to the email. I'm not saying it's perfect, I just wrote it quickly to try put vanadium and BMN on their radar!

I recently put a small sum in L&G's Battery Value-Chain ETF recently, and was disappointed to see it seems to ignore vanadium, so I decided to send them the following email:

"I'm looking to enquire as to whether the Battery Value Chain ETF is looking to invest in the vanadium sector? because demand from the electricity and renewable energy industries for Vanadium Redox Flow Batteries (VRFBs) is increasing fast, and should explode over the next few years because vanadium is better than lithium for large scale stationary energy storage applications. In turn this will cause the vanadium commodity prices to reach new levels. [At present, almost all vanadium demand comes from the steel, airline, and car industries, so the new green energy sources of demand are not taken into account in historic graphs].

https://seekingalpha.com/article/4382445-vanadium-miners-news-for-month-of-october-2020

Companies in this sector would include:

- Vanadium battery manufacturers, such as Invinity Systems (IES.L), Cellcube, and Protean Energy.
- Vanadium producers who mine the vanadium used in these batteries, namely Bushveld Minerals (BMN.L), one of the largest producers outside of China, who are ramping up production very fast, and they also own stakes in VRFB manufacturers called Enerox and Invinity.

It's also worth noting that Eskom (South Africa's govt run electricity company) have secured loans from the World Bank to build massive Battery Energy Storage Systems (BESS) across South Africa. "Phase 1" consists of 7 BESS projects. The tender process for this has recently concluded, and the news as to who has won is expected in January. Bushveld (BMN.L) are part of a consortium looking to win some if not all of those 7 projects. And it is looking almost certain they will be part of the winning bid for 1 or 2 of the projects, because 25% of the projects must help the South African economy, and Bushveld is in South Africa, whereas most of the other bidders are situated overseas.

I believe that VRFB technology and innovation will transform the world over the next few years in ways that most people do not realise yet. This in itself creates a huge investment opportunity, which arguably deserves its own ETF. But, failing that, it should at least feature in the Battery Value Chain ETF that you have."

I intend to send the same email (or possibly a slightly better version seeing as this was off the cuff) to other providers of Funds, Trusts, and ETFs focused on Green Energy, Energy Storage Batteries, and the like soon.

Please send me your suggestions, and I'll get contacting them : )

Excellent posts BBN, and I completely agree with you of course - Our time is coming soon!

"Each investor is the king of their own investment lot and must always decide for themselves but for me, BMN has never been closer to realising that end outcome and the fruits of theirs and our labour, are just now beginning to show themselves.

The reaction to those latest IES contract wins is a testament to that, which on the scale of it, are nothing compared to what they can go on to achieve, but is incredibly reassuring because it means the market gets VRFB, its gets energy storage and there's going to come a time 'soon' enough, when it gets BMN's place within it all and in my view, BMN has a far bigger part to play."

yamaj, I hear you but the MMs definitely play a considerably contribution in triggering or acerbating many of the falls, and that's impossible to ignore.

Just don't let them mug you off.

* 35 day lockdown

- Production is 37% YoY despite covid and 35 lockdown in S Africa.
- Production will be within expectations, despite covid and bad weather conditions.
- Enerox acquisition completed. They should've made it clear we own 42% but it's not a major point.
- Vametco Mini Grid - with newly acquired Enerox - to demonstrate the capability of VRFBs.
- Electrolyte rental agreements signed with EDF subsidiary 'Pivot Power' in conjunction with Invinity Systems.
- Expected increase in Vanadium Demand and vanadium commodity prices "as governments focus on accelerating the energy transition to a low-carbon energy future" - I loved that line :)

All of which is hugely positive, and in line with the longterm strategy.

I feel the market had previously doubted the logic of Bushveld using profits to own some of these VRFB manufacturers, but actually this decision is already beginning to pay dividends with...
1) ... Invinity clearly making progress in the UK, US, and Australia; and with this EDF contract.
and
2) ... Enerox already working on Bushveld's own mini-grid, and presumably being pivotal to Bushveld's Eskom BESS tender bid.

Once the Eskom BESS tender news arrives in January the market will have to eat humble pie about having doubts about this strategy, because it would then be beyond doubt that it was strategically very smart.

Once Vanadium demand also picks up again, both from traditional sources of demand from the airline, car, and steel industries (which is somewhat dependent upon vaccines coming through), and from the new sources of demand from the electricity and renewable energy industries, vanadium commodity prices will rise to a much higher average point, and Bushveld will become very profitable once again.

The future is very bright, and the future has never been closer!

Best of luck all : )

Yeah the MMs have done well this morning, mugging some investors off their shakes.

Relax, remind yourself of all of the research you've done, and hold tight. Our best days are ahead of us :)

Similarly another Director Buy could come at any time.

And it’s worth remembering that the CEO recently bought loads of shares at £8.20ish per share.

He did this because he knows what’s coming!

So it’s incredibly risky to sell.

When we’re so undervalued vs revenues, profits, cash, FCF, etc it’s actually a great buying opportunity at this level.

DYOR & GLA

IES looked overvalued since day 1 in my honest opinion. So I have no regrets about not buying in. Because had I done so and it then fell I would’ve been kicking myself for going against my gut instinct that it was overvalued. It’s only now, with the benefit of hindsight, that it feels frustrating. But I wouldn’t have done anything differently, so it doesn’t trouble me too much.

Glad I’m not alone looking over with a feeling of envy at their share valuation being a high multiple of their NAV / inherent valuation!

Agreed, it isn't a bubble.

However, if you look at some shares, they do look like bubbles. ITM is a good illustration of that in my opinion. Possibly even Tesla with its crazy P/E ratio. Etc.

sorry what does that stand for? ex dividend and ...?

As I said months ago, the pharma bubble popping would be beneficial for all those other sectors overlooked whilst everyone was looking for the next covid pharma play. Now that bubble has popped / started to pop (and sadly many investors have lost loads of money - just read those forums!), you can see that money flowing in new directions, and one key area it has moved into is green energy shares. ITM, IES, PHE, etc are all actually flying. Likewise ETFs focused on these areas such as IRNG, CHRG, and BATG are doing incredibly well. Why? Well it's partly because of the news last week of Boris heralding in a "Green Industrial Revolution" here in the UK (https://www.bbc.co.uk/news/blogs-the-papers-54981958).

Which dovetails nicely with the Biden presidential win and what we’re expecting to see in the USA; the EU green energy stimulus package we’ve seen this year; and so much more. All of which shows people that this is a sector that they cannot afford to ignore.

So what about Bushveld?

Well we haven't benefitted from the bubble yet. But we will do. What will happen is that many of these shares will become over-inflated to the point that outsiders will not want to buy in because they feel they're too late. The buys will stop, people will take profits and sell, and those individual shares they are overheated will come back to earth. At that point, those who missed the boat or are getting off the boat for many of these overheated stocks, will look for the next big thing, and eventually find their way to Bushveld.

The signs of this are already there, with FAR and IES both bringing tons of attention to vanadium and vanadium batteries. So now it's only a matter of time.

If this coincides with the Eskom BESS Tender news in January we'll be laughing!

Load up now whilst you still can at these levels & best of luck to you all :)

Someone kindly posted the screenshots of this article in the Telegram Bushveld group, which read incredibly well, speaking about the dangers of lithium batteries, the wonders of vanadium batteries, and specifically mentioned partially Bushveld owned Invinity Systems. Would recommend joining the group to give it a read if you can.

Also surely the Oxford Uni vaccine is a game changer because BXP will profit from distributing it ?

What do you mean matey?

Wow that's amazing news for BXP !