The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
@ bandyace… CC said that if no orders appear for electrolyte by the end of the next 1Q then the company's interest in the plant will be up for disposal - he’s not prepared to keep funding a loss making operation.
Its long been known that the electrolyte plant was going to need funding for the next couple of years to enable it to ramp up to its 800mwh capacity.
That means some pretty large orders will need to come in pretty quickly if it’s to prove there is a market for it’s continued existence and at least start to show it can break even for a couple of years.
It’s also just under 50% owned by the IDC who, no doubt, will be looking to see some kind of a return on their loan/investment - that might also have a material financial impact on any disposal proposals!
We’ll find out during the next 1Q If CC thinks it’s worth allocating capex to keep it going in the hope that the SA market for VRFB’s will eventually make it a profitable operation.
It currently doesn’t look like it’s something that’s likely to come galloping over the horizon to rescue the bottom line for at least the next couple of years.
@pb940 … being included on list of preferred suppliers is a start - but only gets them as far as being invited to tender for orders.
To then proceed to winning any specific tender and receiving an order is whole different ball game
BMN completely halted importing V to China over 2 years ago after it imposed 13.5% import duty.
Prior to that the amount only equaled around a minuscule 2- 3% of sales anyway, so no great loss.
Paul84Lithium. (“ have been trading metals / ores for 20 years”)
Member Since. 7th Nov 2023.
Of course! It’s S.A.
It’s utterly corrupt from top to bottom. and it's Eskom which is also utterly corrupt from top to bottom!
And It’s not a VRFB anyway.
Better than reading the resident narcissist’s latest ’opinions’ - the trolls and the rest of their ‘click bait’ oxygen feeders tho!
• Eskom will offically commissioned the Hex Battery Energy Storage System (BESS) at Worcester in the Western Cape on 27th October 2023 which has 20MW output and 100MWh capacity.
• The project is the first to be completed under Eskom's flagship BESS project announced in July 2022 to help to alleviate the pressure on the national electricity grid. Read more
• The Hex site can store energy which is enough to supply a town such as Howick for 5 hours.
Eskom has installed the BESS to provide ancillary support in terms of enhanced frequency control of the network, reactive power support and improved quality of supply performance near existing Distributed Generation Renewable Energy plants. The Battery Storage technology may enable the immediate levels of constraint to be addressed and provide continued access to potential customers to these networks.
The battery storage technology will also improve the quality of supply and mitigate voltage related concerns on the networks. It can also enable some significant strengthening investments to be deferred, whilst providing a reliable and effective interim solution to the problems faced on the Distribution Networks.
Electricity generation from renewable sources is limited by the intermittency and variability of wind and solar resources, i.e. when wind blows and sun shines. Energy storage allows for the storing of electricity for later use even when the renewable resource is unavailable. The process involves the conversion of electrical energy into another form of energy such as chemical or kinetic energy, store it temporarily and then converted back to electrical energy, therefore giving the utility considerable flexibility and control.
@ HarChris…. you should stop making predictions based on your wrongly worked out assumptions, presumptions and guesswork. I thought you’d have learnt by now that you have been constantly wrong because you constantly forget vital parts of the calculations.
Despite his recent ‘change of heart’ about calling a GM - he does have previous for doing the same and … then having another ‘change of heart’
In November 2021 he claimed he wouldn’t call a GM for LIFE s/h’s - in March 2022 he called one.
And the same with RBD including what he’s tried here … starting up a website to bulk up his requisition proposal.
As a 5% s// he can now call a GM here if chooses to do so and therefore his intentions should not be trusted. He is a known disruptor.
He is also best buddies with Tom Winfrith! .
He will have been given no insider information by CC and have gleaned no more knowledge than was issued on recent investor call. Imo … due to his previous ‘form’ - his intentions should be seen as distinctly unwelcome!
Narcissistic personality disorder is a mental health condition in which people have an unreasonably high sense of their own importance?
Demonstration of arrogant and haughty behaviors or attitudes. Arrogance and conceit are traits that are often noticed first in narcissists. This is evidenced by disrespect for the positions or rights of others and the narcissist’s willingness to demand and expect that others will bend to their will.
Pretending to be superior to others
Lack of empathy for others
Looking down on others as inferior
Monopolising conversations
Easily disappointed when expected importance is not given.
If it talks like a duck, quacks like a duck … it’s a duck.
I think the biggest confusion these differing benchmarks cause is in the notification timescale requirements. Anyone required to use the 5% mark doesn’t have to declare a transaction between 3 - 5%. That leads to misunderstanding and accusations of non- compliance if and when it ever does gets published. .
It’s a moot point anyway, none of the notification benchmarks preclude anyone from officially disclosing lower levels of holdings if they choose to do so, but only the London exchange takeover code applies to Guernsey incorporated companies registered on either of the London exchanges. They are an offshore tax haven and are not one of the countries granted equivalence or operate in one of those equivalence listed countries.
A shareholder in a non-UK incorporated company (unless incorporated in the following jurisdictions whose rules have been deemed equivalent: the United States, Japan, Israel or Switzerland, and the company discloses equivalent information via a Regulatory Information Service (RIS)) must notify the company when its interest is in respect of 5% or more of the voting rights (and at the following thresholds: 10%, 15%, 20%, 25%, 30%, 50% and 75% thereafter) as soon as possible (and not later than four trading days) after learning of the relevant acquisition or disposal. The company must then publicly disclose this information as soon as possible and in any event by not later than the end of the third trading day following receipt of notification.
In the case of a shareholder in a UK incorporated company, it must notify the company when its interest is in respect of 3% or more of the voting rights (and every 1% threshold thereafter) as soon as possible (and not later than two trading days) after learning of the relevant acquisition or disposal. The company must then publicly disclose this information as soon as possible and in any event by not later than the end of the trading day following receipt of notification.
mining flash note bushveld minerals*
bmn ln
buy
tp 7.9p (from 12.8p)
04 october 2023
earnings update
bushveld minerals is an integrated vanadium business with established south africa based upstream mining and processing operations, electrolyte production facility in development and an investment in vrfb oems. the company is one of the three operating primary vanadium producers owning two of the world's four operating primary vanadium processing facilities focused on ramping up operations to 5.4ktv in the medium term and potentially 8.0ktv in the long run as well as addressing growing energy storage related demand through downstream business solutions.
• we update our earnings estimates and valuation following the release of interim results last week and details of a debt/equity deal agreed with southern point resources (spr) earlier in september.
https://*********************/companies/uk/industrial-metals-iron-steel/bushveld-minerals-limited/research/sp-angel/bushveld-minerals-bmn-ln-earnings-and-valuation-update/7_2023100403532962523/0f788071-3201-4aa1-b278-14761ed94f69
Https://www.investormeetcompany.com/investor/meeting/interim-results-to-end-june-2023
Main take away from the meet is CC ‘s emphasis on reducing costs. Office rental cost will be reduced by a third, V marketing costs to be reduced by 15% once current contracts expires, granting of the Brits licence if proceeded with would have triggered significant environmental and local community costs which with the current mine having a conservative 30 yr life span- is not needed, work on improving plant maintenance programmes is underway, also identified other areas for costs reducing exercises to be implemented - and Enerox’s related issues/news expected over next few weeks.
AimWolf
Posts: 95
Price: 1.65
No Opinion
27 Sep 2023 20:40
Yesterday:
“It's a difficult time indeed. But if we can get through these difficult times lots to look forward to.
Lots of demand expected in the new world for ex China high grade vanadium producers with an increase in commercialisation of vrfb coupled with increasing steel demand with higher intensity of vanadium use.
Yes we might drop to 1p, but vanadium demand looks like its only going to increase”
Bye, bye Aim Wolf. … what’s going to be your next I.D.?
@eatstocks … “30$ has been a strong support and resistance for V price. It does not guarantee a jump or that it won't drop under”. Err … not recently it hasn’t, it's been some way under that benchmark, but this rise does at least gives some hope its the start of an upturn.
Not difficult to find is it?
Patrick O'shea has been working at AFRITECH HOLDINGS LIMITED since 27 October 2020, currently, he/she works on the position of a Director.
active
Company address: AFRITECH HOLDINGS LIMITED
207 REGENT STREET, LONDON, ENGLAND, W1B 3HH
AFRITECH HOLDINGS LIMITED Company Documents
Total company documents available: 8
view documents
Other company directors in AFRITECH HOLDINGS LIMITED:
Name Town
NATHAN BROWNE LONDON
ERROL MUSK
(Note … Errol is Eon’s daddy)
§ A potential future commitment by SPR of an investment of US$7-10 million in Vanchem for the recommissioning of Kiln-1.
IS a POTENTIAL future commitment - actually a commitment? What does that actually mean? Kiln1 reached the end of its life and refurbishment was claimed to be an uneconomical proposition. Presumably then- it’ll be a question of funding a complete replacement Kiln - not just a matter of refurbishing the existing scrapped plant? How far will $7- 10 million go towards purchasing and commissioning a new kiln?
@ julianb1234 - “I have no idea why the Finnish takeup of heat pumps is so much higher than ours”
Having installed a Finnish manufactured air source heat pump 3 years ago to replace my 10 year old swim pool gas boiler - I found it to have roughly the same overall running costs in heating my 25,000 gallon outdoor swim pool. Although the purchase price was around £1,000 more expensive, However it has such shockingly poor efficiency in respect of the time it takes to heat the water to any given water temperature. - this winter I’m going to change back to gas! No way would I agree to change my house central heating boiler for one of these.
I suggest it could come down to the difference in energy costs between to 2 countries but in my experience also possibly the expectations in the U.K. that when you turn on the thermostat we expect pretty much instant results and not have to wait a fortnight to get our heating up to reasonable temperature?