Member Info for Lindon

“we see that Bushveld Minerals already starting to make the vanadium batteries in East London”

Well we don’t of course, it’s electrolyte they are going to start to make at ELZ … but battery assembly surly has to under serious consideration after carve of is completed … if not plans to provide a full blown manufacturing facility.

“big renewable energy project in Mpumalanga”

Vanchem
Vanchem is a primary vanadium-processing facility with a beneficiation plant located at the Ferrobank Industrial Park in Emalahleni Local Municipality at Mpumalanga Province, in South Africa.

…. I should have added: The supply company )BMN), will of course have directors on the board of the main market listed Energy Storage company— as well and a controlling interest.

BE, Mustang, CellCube, … all lumped together to form a main market listed company as a one stop shop, Energy Storage business for sales and project management, battery manufacturing and installation —- in partnerships with numerous main stream renewable energy companies. Supplied by a mining, processing and electrolyte supply and leasing company.

@ Alltorque, they couldn’t install a mini- grid many years ago. They only bought Vanchem two years ago and it doesn’t have the footprint to install a mini- grid. Is why they are looking at other solutions, including acquiring off site Solar solution, run remotely!
The mini- grid that IS on the brink of completion at Vametco despite all the Government regulations and obstacles being in the way (only very recently removed) WAS started many years ago!

The obvious bottom line question about the current cash position is - If the cash position number is good - why has FM taken the decision to not disclose it to the market .
They’ve had no problem stating it in prior last Q and end of year reports.

FM is fully aware of how poor, current market sentiment has been about BMN - and fully aware what the likely beneficial effects disclosing a good cash position would have on the sp , and he’s certainly fully aware what the effects of NOT disclosing the end of year cash position will now have on the sp.

With the debt repayment date well in the headlights, why deliberately not give the market confidence in what the current position is?

Good to see they’ve at least apologised for that fiasco.

We apologise for the technical issues experienced this morning; we will ensure easy access to the conference calls going forward.

The Q4 & 12 months 2022 Analyst/investor call replay is now available on the website.
Follow link:

bushveldminerals.com/videos-2/

#Vanadium #vrfb #mining

Sure thing … much the preferred option- depending on the terms on the renegotiation of course.

But saying they currently have a good partnership with them is one thing, informing the market that they are also now in talks with other “specialised financial” companies - is hardly likely to inspire any II to invest. And without any significant II - there will continue to be zero accountability pressure on the FM and BMN board. That has been the case for a very long time.
PI’s don’t cut the mustard, only institutional voting does that!

That imo - is what has always been seriously lacking, it is the main thrust and reason behind the on going shockingly poor communications, and is something that is, and has continually being proactively perpetuated by FM. Dictators don’t like being forced into the clarity of transparency!

I think he’s quite happy to perpetuate what’s gone on, issuing the occasional sops to the PI’s for as long as he can get away with it.

I think it’s now coming to a head and it’s going to be close run thing, the company is now on a very fine line. The stakes are pretty high. The results of the BE carve off and how that works, will be the turning point - if there is to be one.

But to dare is to do - and if FM can pull it off - PI’s should start to see the immense benefits over the next few years. Everything to play for - but with zero guarantees! Just imo!

The call went out on a shockingly poor platform and started over 10 minutes late. Simply no excuse for such lack of professionalism in this day and age, imo.

Only the usual suspects asked the pre- planned questions (which did not include that one - so the answer to your question is NO). Nor was any info volunteered!

Main take out was :
1) BE carve off target is to get its completed this quarter. (Q1 2023)
We shall see!

2) although they have a good partnership with Orion and in an on going dialogue with them regarding the loan repayment - they are also now conversing with other “specialised financial” companies.
We shall have to wait and see what the market makes of that - my hope is, it’s not a reference of having to use ‘death spiral finance’ .

Whatever the case, I didn’t get the impression that they think they can make any serious inroads into settling the debt from available cash resources.

They have previously claimed they haven’t got the footprint within the site boundaries to build a renewable energy type min- grid. Batteries no good unless you have the means to charge it up!

In an emailed reply, a couple of weeks ago — IR said “end of the month”. Could be tomorrow - - but month end is next Tuesday.

22 January 2023

Eskom will implement permanent load-shedding in South Africa for the next two years, the state-owned power utility’s chairman Mpho Makwana has said.

In a media call on Sunday, Makwana warned that South Africans should expect continuous stage 2 to stage 3 power cuts for the next 24 months.

“We want to create some predictability,” Makwana said. “Shuttling from one stage to the other is never good.”

However, outgoing Eskom CEO André de Ruyter later clarified that continuously implementing a specific stage of load-shedding would not be possible.

Higher stages might sometimes be necessary, and if Eskom’s generating unit breakdown situation improves, lower stages could be possible.

The state-owned power utility’s power station general manager, Thomas Conradie, also later said they hope to decrease day-time load-shedding to stage 1 in the coming week.

Makwana said permanent load-shedding would form part of Eskom’s plan to increase its Energy Availability Factor (EAF) to a point where it could stop load-shedding within the next 24 months.

“The global average for EAF is about 86%. We’re looking to grow from our current 58% EAF to 70% in the next two years,” said Makwana.

The planned journey to 70% is hoped to take place on the following timeline:

60% EAF — end-March 2023
65% EAF — end-March 2024
70% EAF — end-March 2025
Stage 8 possibility ‘receding’

Eskom CEO Andre de Ruyter added that while there has been much speculation about stage 8 load-shedding, this is no longer a likely scenario.

“The possibility of stage 8 load-shedding is receding, which is comforting and positive,” said de Ruyter.

“However, there is always an inherent risk, and for that purpose, we have to protect our diesel reserves.”

https://mybroadband.co.za/news/energy/477261-eskom-announces-permanent-load-shedding.html

Old- ish - but contains a comprehensive educational background for newbies. Imo!

Assessing the role of vanadium technologies in decarbonizing hard-to-abate sectors and enabling the energy transition

Volume 24, Issue 11, 19 November 2021, 103277

https://www.sciencedirect.com/science/article/pii/S2589004221012463# for newbies.

@ Cereal-killer,BMN use the Vanadium Salt Roasting method to extract V. It’s a highly complex process. They take that method further in order to produce Nitrovan. There are also other methods of producing V. As Spritefan suggests, best use Google.

RNS Number : 0547N Invinity Energy Systems PLC

18 January 2023
Further to its announcement on 23 February 2022, Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage , is pleased to provide an update on its participation in the UK Government's Department for Business, Energy & Industrial Strategy's (BEIS) Longer Duration Energy Storage Demonstration ("LODES") Competition.

Invinity was awarded GBP708,371 of funding from BEIS under Phase 1 of the LODES competition to carry out a comprehensive planning and feasibility study for a large scale, grid-connected vanadium flow battery project in the UK (the "Project"). Invinity is pleased to announce that it has successfully completed this phase of the competition with assistance from its Phase 1 consortium partners.

The Company has also now submitted the required application and supporting materials to BEIS in respect of Phase 2 of the LODES competition and will look to publish certain findings from the completed feasibility study on its website in due course. If successful in this application, BEIS is expected to make available funds of up to GBP11m in support of Project development costs, representing a significant proportion of the total(1) .

Invinity now awaits a final decision from BEIS in respect of the award, after which the Project would move through definitive contracting to the build and commissioning stage (Phase 2) alongside a new Phase 2 development partner, a leading UK-focussed developer of flexible generation and battery storage projects. Invinity currently expects to be notified of BEIS' decision within the next few months.

Jonathan Marren, Chief Development Officer at Invinity said:

"We are very grateful to BEIS for the support we have received to date through our participation in the LODES programme. Technologies such as vanadium flow batteries, engineered and assembled in the UK, are playing an ever-greater role in accelerating progress towards net zero, in no small part thanks to initiatives such as this.

With this submission now completed, we believe that Invinity and its partners have made a significant step towards the development and deployment of what could be a highly significant UK energy storage project. "

(1) The Company cautions that due to the competitive nature of this process, there is no guarantee Invinity will ultimately be successful in the award of Phase 2 or the scale of any such award.

Batteries will play a greater and greater role in the green energy revolution. From electric vehicles (EVs) to efficient electronics, there are a variety of batteries on the market applicable for various uses, the ubiquitous energy source being the Lithium-ion (Li-on) battery. Vanadium Redox Flow Batteries (VRFB) are a cutting-edge type of rechargeable flow battery, that employs vanadium ions as the active materials .

The unique properties of VRFBs gives manufacturers an edge in certain applications (e.g., utility/grid energy) over other batteries in the space. Below we will lay out the similarities and differences between a Vanadium battery and Lithium-ion. To illustrate this, let’s look at some of the main features and differences between VFRBs and Lithium-ion batteries.………

https://capital10x.com/battery-tech-report-lithium-ion-vs-vrfbs/amp/

And:
The Increasing Market Potential of Vanadium and Vanadium Flow Batteries

In 2023, there are several additional factors to consider in the development of the VRFB market and overall vanadium demand outlook.

https://capital10x.com/the-increasing-market-potential-of-vanadium-and-vanadium-flow-batteries/amp/

Doubt they’re much interested in developing Mokopane anytime soon Ben. They allowed the mining license to expire and have had to apply for an extension but probably only to keep it in house.

Before they start to develop another mine they’re going to need to increase the processing capacity to cope with the proceeds of any substantial increase in excavation.

That of course is the $150 million plan which is subject to being phased in over the next few years and dependant on earnings for funding to get capacity up to the 8,000 mtV mark.

“We recently announced the key findings of the feasibility and pre-feasibility studies regarding the optimal path forward to increase Vametco and Vanchem's production to 8,000 mtVp.a. The expansion will be conducted in phases and will only be pursued once we have met our short-term performance goals of 5,000 - 5,400 mtVp.a. and secured the necessary funding”

A new mining facility at Mokopane is probably bottom of the list of thing to do until that is all well under way.

Really? “A single typo on a web site”! You have no idea what you’re on about. Stay here for a few years and you’ll learn!

Little, if any change, except for the Orange Trust figure, which looks to be an obvious typo.

4 Orange Trust 139 828 913. 5.62

Orange Trust have consistently had a holding around the 72 million mark.

This report shows it as being exactly the same as the nominee account above it.
(3 Halifax Share Dealing 139 828 913 10.86)

Once again … an abysmally unprofessional report from BMN.

@ SIPPmeister, “I would like to see any Capex after that point deployed to a microgrid at Vanchem”. They’ve already admitted that they don’t have the footprint room for a mini-grid on that site and that was why they were exploring other options!