Member Info for Libero

And here's some tweets in response to this morning's unnecessary drama!

https://mobile.twitter.com/Sanch3z599/status/1384055578033475591

https://mobile.twitter.com/BigBiteNow/status/1384054369599950849

https://mobile.twitter.com/Vanadium_Libero/status/1384055087610286086

NO-BRAINER BUY RATING

Please read Lionel's Summary here to kick off your research:
https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428

> Incredibly cheap market valuation at present versus any analysis of Fair Value - which is a multiple of where we are now.

> Not only is this looking super strong based on the fundamentals, it is looking strong on a technical / charting basis as well. With both Noel Borg, Bonker99, and now Swazers Charts all posting on twitter in the past 2-3 trading days that they expect a rise to 24-25p based on their chart analysis alone (even without any news!)
https://mobile.twitter.com/Vanadium_Libero/status/1379499736105910272

> Excellent mining stock and increasingly will be seen as a GREEN stock

- Not widely perceived to be a Green Stock but this will change now that BMN have now realised their ambitions to become a fully integrated vanadium producer because they have captured every part of the supply chain, with 100% of the vanadium; 55% of the electrolyte that will be produced from the production plant; and 25.5% of the VRFBs produced by the best VRFB Manufacturer (Enerox). This will cause us to multiple-bag on this aspect alone. Just look at Ganfeng's P/E ratio!

> Very favourable coverage in the investment media.
- Investors Chronicle, Financial Times, Myles McNulty, and many others have all tipped BMN at the start of the year.
- Out of hundreds of companies, Stockopedia came up with their Top 20 tips for 2021, and BMN came 3rd (and will do better than the two above it I believe)

> Vanadium prices have risen massively in recent weeks, and are expected to reach $45gV at the bare minimum this year, and BMN's share price always seem to track the commodity price sooner or later! (there's a huge gap at present!)

- Vanadium prices are now rising so fast I believe we will see $45kgV in the next 4-5 weeks

Target price for 2021 : 100p+

Tons of Newsflow in the pipeline. Please go on my profile to see the full list of RNSs / Catalysts that we're expecting to help us reach that 100p+ share price target.

DYOR & GLA : )

Will my tweet come true? Here’s hoping!

https://mobile.twitter.com/Vanadium_Libero/status/1383109204496560128

Just tweeted about this and not seen you beat me to it mentioning it here haha - great research!

https://mobile.twitter.com/Vanadium_Libero/status/1383109204496560128

For the avoidance of doubt, Chika has not given me any confidential information of any sort.

I’ve been saying I believe that we’ll have a Monday morning RNS since about mid-afternoon. I then received an email from Chika at 17:33. So the two things are completely separate.

And Chika’s long email covered various topics. Some of it was really not note-worthy. But a couple of things she said was hugely encouraging, at least from my point of view!

https://mobile.twitter.com/Vanadium_Libero/status/1383109204496560128

Have also received a very long email from Chika which reads very well!

Can’t reveal the contents since it’s confidential but can say there’s work going on to rebrand the company as a Green Stock!!

Watch this space : )

eatstocks,

We have discovered today that BMN has been material progress made with the Building of the Vanadium Electrolyte Production Facility.

How do we know this? Because pb940 has discovered this link here online confirming there was an update made in the past 24 hours: https://www.l2b.co.za/Project/Vanadium-Electrolyte-Production-Facility-Buildin/22815

You have to pay to see the details (so none of us know what it says unfortunately) but we can see there's a material update as of 15 April. So we can realistically expect a dedicated RNS to be in the works as we speak!

Alfacomp, Sanchez, BBN, Pdub, and other LTHs who bring so much to the bb,

Please may we put aside our differences and agree to come together to do what we each do best together as one team, to push our investment forward on this bb, which - despite the advent of Twitter and Telegram etc - still has a pivotal role in the Bushveld community and remains a bit of a 'front page' to many types of prospective investor.

Also can't help but notice that the share price has fallen 6% or so since the drama at the weekend, and since Alfacomp stopped posting here. Perhaps a coincidence but - when you consider what a how many shares are in the hands of PIs like us - perhaps it isn't.

So let's get the A-team back together because we're all different, none of us agree with each other 100% on everything, but we all agree with each on most things, and the most important things about BMN, and that's why we're such devoted LTHs who can see the inherent value is a multiple of the market valuation.

We all have our own parts to play, we all have valuable contributions to make, and we're much stronger & more effective together than we are apart. And, with the huge amount of newsflow we can expect in the coming months (especially between this Monday's RNS and July!), it's in everyone's best interests to work together to move things forward.

Yeah no worries, Luciano, I'd rather you ask questions and invest than not ask any questions at all.

And ultimately I'm aware that BMN is not the simplest share when it has so many assets, so many projects, and when there's so much to take into account. Something which I truly believe analysts struggle with as well, hence why their targets are around 30-40p right now and not higher.

We're here to help : )

Have a feeling we’re gonna see a big RNS dedicated to BELCO - the world’s Largest Vanadium Electrolyte Production Plant outside of China!

Hi LuckyLuciano,

Feel free to check out my post on 14 April about one of Bushveld's main vanadium assets called 'Vametco' which I believe is going to be hugely profitable within the next year or so.

Would also recommend reading some of the Analyst Coverage such as this report from 'Alternative Resource Capital' where you can read the Valuation calculation on page 5.
http://www.bushveldminerals.com/wp-content/uploads/2021/02/Bushveld-minerals-BMN-LN-Solid-platform-for-growth-after-challenging-2020-1.pdf

Personally feel the "unrisked" valuation giving a Net Asset Value of 48p per share as of today is much more accurate than their "risked" valuation of 29p but it's a good report to read nevertheless.

Hope this helps DYOR

Great find, pb940.

Clearly there's even more reason than ever for a RNS dedicated to the Vanadium Electrolyte Production Plant!

> GREEN ENERGY RNSs/Calalysts:

> Enerox:
- Completion of further $2.5m of investment RNS
- Enerox supplying the VRFB in the world's first VRFB-powered ship - this should be RNS'd.
- Who knows what else but they clearly have other contracts on the go and in the pipeline from Thursday's RNS.

> Bushveld Electrolyte Limited ("BELCO")
- Electrolyte Plant Procurement stage completion.
- Electrolyte Plant Construction stage starting.
- Vanadium Electrolyte Rental Ltd ("VERL") rental contracts announced after the success with Pivot Power last year.

> Grid Battery Energy Stoage
- Eskom BESS tenders. There's 7 projects in "Phase 1"
- Other BESS contracts in South Africa now things have opened up
- "Other African projects such as the World Bank's 17.5 GWh energy storage roll-out programme" - as mentioned in the Corporate presentation here http://www.bushveldminerals.com/wp-content/uploads/2021/03/Bushveld-Minerals-February-Corporate-Presentation.pdf

MINING RNSs:
- Vametco Expansion this year
- Vanchem Expansion this year
- Production rising by another 700 tonnes of vanadium, despite the downtime associated with boosting Vametco & Vanchem's capabilities.
- The Mokopane DFS. Feel this one has slipped under the radar but this should be transformational because Mokopane has 298,000,000 tonnes of vanadium in the ground. This could be a game-changer!

OTHER RNSs / Catalysts:

- Move to FTSE Main Market
- Dual lising on the Johannesburg Stock Exchange (JSE)
- Disposal of Lemur
- Rebrand to a Green Energy stock

> EXTERNAL Catalysts: (as in outside of Bushveld's control)
- FerroVanadium commodity prices continuing to rise and breaking the psychologically significant $40kgV mark. This will definitely happen. The worldwide consensus is that we will reach $45-50kgV in 2021, and I actually believe we may be just weeks away from that.

So there are easily dozen, if not two dozen, bits of news that will act as a catalyst to the share price for it to smash through the all time high of circa 50p, through to 100p.

And you can currently buy sub 20p - the most crazy bargain!

Please read Lionel's Summary here to kick off your research:
https://www.thebushveldperspective.com/blog/public-articles-1/post/lionels-big-picture-428

> Incredibly cheap market valuation at present versus any analysis of Fair Value - which is a multiple of where we are now.

> Not only is this looking super strong based on the fundamentals, it is looking strong on a technical / charting basis as well. With both Noel Borg, Bonker99, and now Swazers Charts all posting on twitter in the past 2-3 trading days that they expect a rise to 24-25p based on their chart analysis alone (even without any news!)
https://mobile.twitter.com/Vanadium_Libero/status/1379499736105910272

> Excellent mining stock and increasingly will be seen as a GREEN stock

- Not widely perceived to be a Green Stock but this will change now that BMN have now realised their ambitions to become a fully integrated vanadium producer because they have captured every part of the supply chain, with 100% of the vanadium; 55% of the electrolyte that will be produced from the production plant; and 25.5% of the VRFBs produced by the best VRFB Manufacturer (Enerox). This will cause us to multiple-bag on this aspect alone. Just look at Ganfeng's P/E ratio!

> Very favourable coverage in the investment media.
- Investors Chronicle, Financial Times, Myles McNulty, and many others have all tipped BMN at the start of the year.
- Out of hundreds of companies, Stockopedia came up with their Top 20 tips for 2021, and BMN came 3rd (and will do better than the two above it I believe)

> Vanadium prices have risen massively in recent weeks, and are expected to reach $45gV at the bare minimum this year, and BMN's share price always seem to track the commodity price sooner or later! (there's a huge gap at present!)

- Vanadium prices are now rising so fast I believe we will see $45kgV in the next 4-5 weeks

Target price for 2021 : 100p+

Tons of Newsflow in the pipeline. Please go on my profile to see the full list of RNSs / Catalysts that we're expecting to help us reach that 100p+ share price target.

DYOR & GLA : )

JD,

This is precisely what I’ve been emailing about for ages. To please stop sitting on news so as to announce in the Quarterly Updates, and instead release as soon as there’s any news, and treat the Quarterly Updated as more of a summary.

BBN,

Thank you for your analysis and taking the time to explain that to us all here.

I've been wanting to work out what the production costs would look like going forward, once the Vametco and Vanchem Projects costs are no longer factored in, so this work you've done is a god send!

I'm delighted to see that you have worked out that we should "Vametco's total cash cost [come] down close to $21 per kg." If I've understood you correctly in thinking you're talking about total cost of sale (production, shipping, etc) then that's actually very close to my admittedly more finger-in-the-air estimate that cost of sales will fall to $20kgV next year.

Also you make an excellent point about the production target seeming bizarrely conservative. Especially, as you said, when you consider Vametco's has already achieved 880mtV in a Quarter - before this expansion project boosts that production capability even higher to more than 1,000 tonnes per Quarter.

So with Vametco reaching 4,200 tonnes with a total cost of sale of $21kgV from next year then we're looking at profits from Vametco alone being:

$58,800,000 @ $35kgV (where they are now)
$79,800,000 @ $40kgV
$100,800,000 @ $45kgV
$121,800,000 @ $50kgV - and we probably don't want it to go any higher than this to support VRFB adoption

So yeah, whilst I agree patience is required, it's clear that costs are going down (stripping out the unique cost of the works going on this year) at the same time as vanadium commodity prices are going up and expecting to rise further.

So it does not take a genius to work out that we're sitting on an incredibly cash generative and profitable mine here once this work is complete.

Thanks again,

Libero : )

Paludina,

Thank you for all your efforts tracking Bushveld shipments of vanadium around the world.

The voyage you describe is a very long one but BMN doubt any one could have anticipated that at the time. Hopefully that route will be avoided in future, so the next shipments are faster!

One quick question for you: Do you think the Suez Canal crisis could have benefitted BMN in the sense that many ships would've had to have re-routed towards South Africa and then could've picked up some vanadium en route to China etc? Appreciate this is probably some wishful thinking but just wondered if there's anything to offset the length of that US trip?

Setcentric has just tweeted about this. So I’ve retweeted it with my own message to get the word out:
https://mobile.twitter.com/Vanadium_Libero/status/1382028362474983431

“ Worried about #Shipping’s impact on #ClimateChange?

Well @cellcube #Vanadium Flow Batteries are the answer!

Want to invest in Cellcube/Enerox? The only way is to buy shares in @BushveldMin_Ltd
who own more than a quarter of the company!”

Great to see that both Mikhail (CEO of Bushveld Energy) and Alexander Schonfeldt (CEO of Enerox / Cellcube) are attending this conference.

Mikhail's attendance comes as no surprise but it's very interesting to see the Enerox CEO there as well : )

https://www.power-week.com/africa/speakers

https://www.power-week.com/africa/speaker-bio/mikhail-nikomarov

https://www.power-week.com/africa/speaker-bio/alexander-schonfeldt

In response to @sealife2021 on Twitter who asked me for info re VRFBs on Ships, please see my post from a week or so ago on this:

"ENEROX : Floating VRFB Project - Another share price catalysts on the way !31 Mar 2021 08:36

Can't take credit for this because this came from those on the Telegram group and actually BBN has already tweeted about this (https://twitter.com/BigBiteNow/status/1354826993590657027) but ...

A company called "Zel BV" will be using ships made by a company called "Portliner."

The "Portliner" website it says that it will launch its first ever "zero emission" vessel, a 135m container ship, in Quarter 1 of 2021. And they have strong ties with Enerox.

Also if you look at the Enerox website, you can see that it talks about a "Floating Energy Storage System with Portliner" https://www.cellcube.com/about-us

All of which leads us to believe that there will be a mega RNS in regards to Enerox supplying the VRFB for this, and in regards to Bushveld supplying the vanadium for this battery on a ship.

It seems as though Bushveld/Enerox are not the only ones to have the idea if you have a google of 'VRFB vanadium shipping' but if Portliner meet their Q1 2021 target as per their website then WE will be the first !
https://eepower.com/news/vanadiumcorp-to-develop-vanadium-redox-flow-battery-technology-for-ships/#

The market for this is absolutely massive, because there's thousands of ships out there of course, and the shipping industry is under pressure to be much greener. Here's one of many articles on this very point - and this one says VRFBs may be the key!
https://www.maritime-executive.com/article/could-flow-battery-technology-help-shipping-decarbonize

So, long story short, this Portliner VRFB-powered ship may well be one of the major share price catalyst we've been looking for and (with the exception of BBN) it doesn't seem like anyone saw this coming! It would certainly take the whole market by surprise!

PS - Have you seen that Enerox are currently hiring for 9 different roles? Something is evidently in the works!"

Since then I've seen this tweet from someone saying they've seen Portliner ships that are already using VRFBs!
(Cellcube = Enerox by the way)
https://twitter.com/Willem49404666/status/1377779878439845891?s=09

And there's plenty more information online about this, mostly in Dutch (so you'll need google translate), but this hopefully gives you a good head start on your research.

Best of luck, and hope you invest here : )