Member Info for Lindon

“The Must deal done?” Could be more likely be due to sentiments that the recently published metals sanctions list could result in some new USA orders for V coming BMN’s way, sometime soon?

I think this is just a routine notification of an official shares transfer transaction which is required by the disclosure rules, the shares have the standard nominal 1p value quoted.

The question wasn’t so much about the investing communities, it referred to larger entities not being interested the acquiring BMN as its one of “only four primary vanadium mines outside of China to supply the massive demand of VRFB manufacturers, military and steel producers”

Imo - the answer to that question is, back in the shadows there may well be huge ‘long term play’ interests from some the energy majors, we don’t know their isn’t - we won’t know and no-one will know - until someone decides the ducks are all lined up and the time is right to play their cards.

So - also imagine the finance BMN would have to find to finance a new mine and processing plant at Mokopane - on top of the $151 million aspirations to increase capacity of the existing processors- after settling the Orion debt.

BEIJING/MELBOURNE (Reuters) - Rare discounts offered by Chinese battery giant CATL to automakers have accelerated a plunge in lithium prices, and the market is set to drop a further 25% with supply growth outpacing demand, analysts and traders say.

After a frenzied rush by electric vehicle makers to secure raw materials over the past two years, which drove prices for lithium carbonate up more than six-fold and spodumene up nearly ten-fold, the bubble has burst.

"Supply is coming on stream faster than you can say 'boo'," said analyst Dylan Kelly of Ord Minnett in Sydney.

"Demand remains strong but prices have been unsustainable for some time now."

The turning point for lithium prices came late last year as electric vehicle demand in China slowed sharply ahead of Beijing's planned halt to subsidies for the $87 billion industry, the world's biggest and fastest growing.

The slide steepened, analysts say, as investors were spooked by a drop in China's January electric vehicles sales and by CATL's discount terms, which included an assumption that prices of lithium carbonate, a key component in auto batteries, would more than halve.

But even as demand worries have rocked markets, it is the looming supply from China, Australia and Chile that will bring prices back down to earth, analysts say.…………….

https://www.msn.com/en-gb/money/other/analysis-lithium-price-slide-deepens-as-china-battery-giant-bets-on-cheaper-inputs/ar-AA181UUt?ocid=hpmsn&cvid=2717e3c1e30f4ccea32042c7c52a5fcf

Link.
https://home.treasury.gov/system/files/126/determination_02242023_eo14024.pdf

DETERMINATION PURSUANT TO SECTION 1(a)G) OF EXECUTIVE ORDER 14024

Metals and Mining Sector of the Russian Federation Economy

Section 1 (a)(i) of Executive Order (E.O.) 14024 of April 15, 2021 (*Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation") imposes economic sanctions on any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, or the Secretary of State, in consultation with the Secretary of the Treasury, to operate or have operated in such sectors of the Russian Federation economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State.

To further address the unusual and extraordinary threat to the national security, foreign policy. and economy of the United States described in E.O. 14024, and in consultation with the Department of State and pursuant to 31 CFR § 587.802, I hereby determine that section I(a)(i) of E.O. 14024 shall apply to the metals and mining sector of the Russian Federation economy. Any person determined, pursuant to section 1(a)(i) of E.O. 14024, to operate or have operated in this sector shall be subject to sanctions pursuant to section |(a)G).

This determination shall take effect on February 24, 2023.
Andrea M.

23 Feb 2023

ANC secretary general Fikile Mbalula has hit back at former Eskom chief executive Andre de Ruyter, threatening to take legal action against him over his explosive allegations in a television interview that senior members of the ruling party were involved in corruption within the parastatal.

In the interview, De Ruyter said available evidence showed that the ANC saw Eskom as an “eating trough.”

https://mg.co.za/politics/2023-02-23-anc-to-take-legal-action-against-former-eskom-chief-executive-andre-de-ruyter/?utm_content=buffer921a1&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

The move comes after de Ruyter made startling revelations about alleged government interference at the power utility during a televised interview with eTV’s Annika L****n on Tuesday.

De Ruyter said he did not believe the government had the political will to end corruption within the power utility.

He added that evidence suggested that the power utility is a feeding trough for the ANC.

https://www.sapeople.com/2023/02/23/the-bombshell-interview-that-saw-eskom-axe-andre-de-ruyter-with-immediate-effect-watch/

RNS Number : 7777Q
Invinity Energy Systems PLC
23 February 2023

Placing Update

Further to the announcement regarding the Placing, Subscription and Open Offer released yesterday evening, Invinity is pleased to confirm that the Placing is now oversubscribed and in response to demand, the Directors are expecting to increase the size of the offering. The Company will provide a full update on the result of the Placing shortly.

Invinity Energy Systems PLC Placing, Open Offer & Strategic Investment

Source: UK Regulatory (RNS & others)
RNS Number : 7581Q

22 February 2023
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) , a leading global manufacturer of utility-grade energy storage, announces its intention to raise a minimum of GBP16 million, by way of a conditional placing (the "Placing") of new ordinary shares of EUR0.01 each ("Ordinary Shares") (the "Placing Shares") and Subscription (the "Subscription") for 42,187,500 new Ordinary Shares (the "Subscription Shares") raising GBP2.5 million, both at an issue price of 32 pence per new Ordinary Share (the "Issue Price").

In addition, the Company is also offering all qualifying shareholders the opportunity to participate in an open offer (the "Open Offer", together with the Placing, the "Fundraising") at the Issue Price. The Open Offer will raise up to c. GBP4 million, pursuant to which up to 12,500,000 new Ordinary Shares (the "Open Offer Shares") will be offered to existing shareholders at the Issue Price on the basis of:

2 Open Offer Shares for every 19 Ordinary Shares held

The Open Offer is in addition to and separate from the funds raised pursuant to the Placing and the Subscription. The Fundraising and Subscription are not being underwritten.

Paludina
@Paludina 1h
Replying to
@BMNperspective
and
@wikipenny1
and another 76,940Kg of Bushveld Nitrovan landed in Baltimore yesterday.

Bushveld maintains hot commissioning target of mid-2023
02/21/2023 | 02:28pm GMT

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Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions - Says it would like to clarify that, while cold commissioning of the electrolyte manufacturing facility has commenced, hot commissioning and production remains due to be completed in the first half of 2023, as previously announced.

Notes recent media report published in South Africa on Sunday, referring to the commissioning of the Bushveld Electrolyte Co having started and the hope to produce 1 million litres of vanadium electrolyte this year. Says Bushveld Electrolyte would be South Africa's first vanadium electrolyte factory. Says it is not providing any production guidance currently, as production will be informed by sales and off-take contracts with original engine manufacturers. Says discussion relating to this are still ongoing

https://www.marketscreener.com/quote/stock/BUSHVELD-MINERALS-LIMITED-10259123/news/Bushveld-maintains-hot-commissioning-target-of-mid-2023-43043063/

@ Monkeytom, it’s was likely drafted their nomad and ‘required’ to issue that correction to the market.

I copied and pasted their own tweet yesterday, it was deleted immediately after, it certainly was NOT their own - “media report”

Comment from BMN on Twitter. Now deleted!

attps://twitter.com/BushveldMin_Ltd/. status/1627686667900407810?
=NabvdkMXQliaxEWdhWQH0Q&s=35

Twitter
Bushveld Energy has started commissioning SA's first vanadium electrolyte factory and hopes to produce about 1 million litres of vanadium electrolyte this year. #vanadium.

Dear users, we are aware of the issues with the LSE feed this morning and working hard to restore it asap.

5.30
GBp? +0.06 (+1.15%) today
20 February 12:10 GMT · Market Open

Interesting, that he uses the word “assemble” rather than ‘manufacture’. It possibly makes more sense to import the parts from the worlds established manufacturers, due to African supply chain difficulties — and assemble them locally. Probably far cheaper to fund annd easier and quicker to construct an assembly facility as opposed to a fully fledged manufacturing complex too!

Business LIVE.

• COMPANIES / ENERGY

19 FEBRUARY 2023
Recent regulatory changes will see commercial and industrial demand for batteries in SA take off, says Bushveld Energy CEO Mikhail Nikomarov

Bushveld Energy will soon start producing vanadium battery electrolyte at its new facility in East London. The company's CEO Mikhail Nikomarov said this was an important step in the company's long-term goal to assemble battery systems locally.
Nikomarov, who is also chair of the SA Energy Storage Association, said recent regulatory changes will see the commercial and industrial demand for batteries in SA take off,
says Bushveld Energy CEO Mikhail Nikomarov