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Hahaa that was a bad example then, I'm sure there are others!

Basically I'm fed up of the style of newsflow from the company where we get this mega RNSs that take many LTHs who know the company super well to analyse / decipher. And then we hear nothing for weeks if not months until the next mega RNS. This is what I strongly believe needs to change to ensure sentiment stays positive, so that we are less at the mercy of the MMs, and ultimately so we reach a fairer valuation.

I've also found something else I'll add to my email: BE has no email address to contact. You can only fill out a form on the website. Why is that? https://www.bushveldenergy.com/contact-us/

There's also no mention of Invinity or Enerox on here. There's merely mention of "VRFB OEMs" and even that needs updating because there's "RedT" on there etc !

Very frustrating

Raz10

Good to hear from you; well done for emailing them a year ago about this; and that's a superb idea of having different RNSs for Minerals, Energy, ... and Lemur I guess (who cares for Lemur? could this not be rolled into the Minerals updates?)

Shame you did not get a response but my thinking is what if we coordinate it so that there is 1 email template that multiple investors can use as the basis for their email which they can tweak as they please?

Because if were to get 20+ investors emailing the same thing, it would be impossible for the company to ignore.

458Speciale,

You sound exactly like I did when I looked into Shaun's research earlier in the month. My reaction was a mix of disbelief at how undervalued this was, excitement about buying in the next trading day, and also regret that I hadn't looked into this sooner. But c'est le vie and to an extent you cannot regret what you did not know. So I'd encourage you to shake the negative thoughts off and come join the party.

I can safely say, as someone with one of the highest averages on this bullet board, that I do not regret joining the party 2-3 weeks, even though some people were talking as if it was too late blah blah blah

Best of luck to you & thanks again to lovely Shaun :)

100% agree with Shaun.

Would also add there's often been talk about vaccines over the year and nothing has yet come of it. Call me cynical but I feel they always pump out a vaccine story whenever liberties are taken away, to try give people some hope. And, needless to say, if you sold as soon as you saw every one of these vaccine stories do the rounds this year, you certainly would not be invested now.

A vaccine appears to still be a while off. Even once it is finally ready, it will take a long time before it is manufactured to the scale needed, it would then need to be distributed out to the population, and that would take ages too - especially when you have so many anti-vaxxers around - which would mean testing will still be required even after a vaccine is ready for you and mass-produced.

So, in conclusion, there is nothing to worry about here, just plenty to be excited about !

£24.12 by Christmas Eve

(and £40+ by early 2021)

Also I'm unsure whether it makes sense for Bushveld Minerals and Bushveld Energy to have 2 separate websites, and I actually why this is the case. Is it because Mikhail wanted to be able to have a slicker more-updated website than the rather oldschool-style BMN website?

Thoughts anyone?

https://www.bushveldenergy.com/

I feel we've seen a marked improvement in the amount of recognition / clout BMN has across the investment community in the past couple of weeks, all in a very excited and positive way, which is improving sentiment across this bulletin board, and well beyond.

Consequently I've found a discussion elsewhere talking about how rubbish the Communication / PR / RNSs are vs how excellent the company is. This has led me to believe that as many of us as possible should email Bushveld directly, requesting various improvements, in order to help close the gap between the inherent value and the current market valuation.

So I am thinking of writing something to Chika to suggest:

1) Bushveld learn to view RNSs as the most important part of getting the message out to prospective investors, which would involve:

A) RNSs with bite-sized positivity as often as possible, rather than storing lots of information into 'mega RNSs' which has too much information to easily digest. For example, this should've got its own RNS: http://www.energystoragejournal.com/south-africa-gets-clean-energy-boost-with-us-and-uk-funding/

B) RNSs are written with potential new investors in mind, rather than in such a way that preaches to those who are already converted. Because this is how AIM need to write RNSs, and it's especially important when the website is not great - see point 2.

C) Engaging with the nomad in order to achieve the above. I was concerned the other day to see that our nomad said vanadium is used for "strengthening steel" only - clearly more needs to be done here.

2) They must comprehensively update their website, and give Bushveld Energy much more attention. It's ridiculous how there is no mention of Bushveld's ~9% stake of IES.L or their partial stake in Enerox. Potential new investors should be able to find mention of this easily, rather than having to trawl through RNSs / It's mental that those looking for a quick summary of the company cannot do so from the company's website.

3) Bushveld Energy needs way more of an online presence in general across all social media platforms, because it's BE that will get investors excited more than the mining itself. I also believe Mikhail should be doing more interviews than he does, because he comes across very well.

Is there anything that I should potentially add to this list? Is there anything you disagree with / think I should amend?

I have a feeling that we haven't seen their last sell yet

We're close though!

Jolly,

There are better value picks to be had but I believe the investment case here is that WIN is turning itself around. If they demonstrate that I reckon this'll head to 275-300p.

Will detail my thoughts more fully at some point (preferably when I'm invested first haha) but I feel there's a lot to like here IMHO

*odd

Yeah this spread is horrible.

Being honest, I'm going to reassess my holding here. No point holding something undervalued if it doesn't appear like it'll re-rate.

Also, once CSSG's longer-term contracts come up to expiry, would many of them be non-renewed or scaled back? Probably yes. So, in the absence of vaccine, I wonder if this will become another one of the many victims from covid.

Perhaps that's what is putting buyers off despite the finances. Because, on paper, a security company is an off choice of investment in the current climate.

Maybe I'm being too rash. I'm going to have a ponder and decide when I have some free time over the weekend.

Encouraged by the rise above 60p but yeah there really shouldn't be such a large gap.

BXP HY Results coming out next month should cause this to re-rate I feel.

#famouslastwords

yeah Friday's are always quiet days. Both in terms of RNSs and volumes.

In fact it's probs the lack of trading that puts companies off issuing RNSs on fridays haha

Appears as though we are consolidating around 13.5p, which is still a bullish signal all things considered, ready for the next step up, when the next wave of buys come in!

https://mobile.twitter.com/LittleGunner5/status/1319594292151726081

“Hourly time frame falling wedge. Very strong bullish pattern. Signals a continuation to 21.29 as 1st target when we break out of this wedge!“

If there’s 4 times as many buys than sells how have we fallen another 1% ?

Something’s going on. I’m expecting some late reported sells to come through to explain this.

Bushveld Energy: signed a surface sublease agreement and power purchase agreement for the Vametco mini-grid along with a debt financing term-sheet from a French Development Bank which needs to be underwritten by a South African institution.

Outlook: Guidance is for production of 3,660-3,950 mtV and is 25-35% higher than last year.

Vametco guidance: 2,700-2,850 mtV at $17.50/kgV) and US$17.90/kgV.
Vametco total cash costs were $23.90/kgV vs $28.8/kgV a year ago a very impressive performance given the tough operating environment
Vanchem guidance: 960-1,100 mtV at $18.40-19.00/kgV).
Vanchem total cash costs were $22.50/kgV. We expect Vanchem costs to rise from here.
Costs were helped by a weaker SA rand, though this has since strengthened slightly eroding some of the benefit seen through the first half.
Cash and cash equivalents: $24.6m as at 30 June 2020 vs $34.0m at end December ensuring the company has sufficient cash facilities to withstand prevailing ferro-vanadium prices while continuing to invest in Vametco’s Phase III expansion this year.
Mokopane (64%): Management have deferred the Mokopane DFS by a year as Vanchem is able to process stockpile material and Vametco concentrates for now.
The mine is one of the world's largest primary vanadium resources at 298mt JORC resource grading 1.41% V2O5 in-situ and 1.75% in magnetite and will eventually be used to feed the Vanchem processing plant

Fortunately for Bushveld there is sufficient ore at Vametco to feed Vanchem once the stockpiles at Vanchem have been worked through.

Bushveld Energy / Vametco mini grid: Bushveld Energy is looking at self-generation options to feed the Vametco mini grid in South Africa.
Vametco has aggregate loads of 21MW which are expected to increase to >50MW and would need >125MW of solar PV and 180MWh of VRFB energy storage.

The group has permission to install the mini grid which should reduce power costs, enable the transition to a significantly lower carbon footprint and serve to demonstrate the effectiveness of VRFB ‘Vanadium Redox Flow Battery’ technology.
Bushveld’s UET VRFB system completed site acceptance testing in May 2019 with Eskom and was shut down. UET’s sister company in China ‘Rongke Power’ delivered a new replacement system in Q1 to Eskom but has yet to commission due to Covid-19 delays. We expect the data collected from last year’s trial combined with the new system to eventually lead to the rollout of VRFB systems to support substantial new wind and solar power generation in South Africa assisted by World Bank funds.

(Bushveld Energy has negotiated to holds 50% Enerox Holdings Limited (50% other investor) which holds 90% of Enerox GmbH along with 8.71% in Invinity) If no other investors participating then the €3.7m loan will be split between the Bushveld and the other investor.

BUY -Valuation 45.7p (was 46.5p)

Interim results: Bushveld report sales of $43.1m for the first half vs $78.0m yoy.
The numbers are lower due to 21 lost days of production due to the COVID-19 lockdown, significantly lower ferro-vanadium prices and longer lead times for sales into China.
Sales to China rose to 18% of total vanadium sales vs just 3% a year ago as Vametco directed sales into China to meet rising prices and demand driven by national and local stimulus programs
A number of stimulus and other mainly housing projects will have been delayed by flooding along the 6.3km Yangtze river and should restart soon.
Vanadium sales into China incur longer shipping and payment terms pushing a proportion of H1 sales into H2 and will likely result in a greater proportion of H2 vanadium sales being reflected in H1 2021 revenues.
Ferro-vanadium prices averaged $25.70/kgV through the first half 54% lower yoy. This includes higher prices in China which incur longer lead times and a 13% VAT/import tariff.
EBITDA fell to -$1m for the six months to end June as a direct result of the lockdown, lower ferro-vanadium prices and delayed payment for sales into China which will now fall into the second half.
Directing sales into China has a double whammy effect on the company as costs are incurred in the first half by sales will only be recorded in the second half for around half of Bushveld’s ferro-vanadium sales into the region.
Operating profits fell to -$9.9m after $8.9m of depreciation. The depreciation charge has risen due to capital investment to expand production and lower unit operating costs over the past two years.
Management slashed capital costs to just $5m through the first half and also reduced unit operating costs through cost efficiencies and a weaker South African rand
Bushveld recorded 36 COVID-19 cases all of whom have fully recovered and returned to work. There were also no work-related fatalities and an 11% improvement in the injury frequency rate.
Vametco produced 1,218 mtV vs 1,392 mtV yoy.
The group lost 380mtV of mainly ferro-vanadium production due to the Lockdown mainly at Vametco.
Cash cost at Vametco fell remarkably to $17.20/kgV despite lower unit production and the lockdown vs $19.30/kgV a year earlier.
Vanchem produced 431 mtV of output in H1 with 119 mtV in May and 97mtV in June 2020 highlighting how much better production is now running
Cash costs at Vanchem were $16.40/kgV, reflecting the low cost of processing stockpile material.

SP Angel posted 3-4 weeks ago saying:

Conclusion: "Bushveld is an entrepreneurial and innovative company that continues to expand while cutting unit costs and rolling out new VRFB technology through its Vanadium Investment Program.

Management continue to drive growth in preparation for an expected upturn in prices which will come as structural steel production rises to meet demand for new stimulus projects.

New VRFB battery projects should also lead to new demand for vanadium in electrolyte supported by Bushveld’s innovative financing structure for vanadium rental in the electrolyte.

We continue to recommend Bushveld as we see the group as well positioned to benefit from rising demand for vanadium and for rollout of increasing numbers of VRFB battery systems for grid support."

Will post the lead-up to their conclusion in a mo

Good morning everyone : )